Price to Operating Profit (P/OP)
since 2005
Calculation
Coca-Cola Co., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 20, 2024 | 23.14 | = | 60.70 | ÷ | 2.62 | 2.62 | = | 11,311 | ÷ | 4,312,456,168 | |
| Feb 21, 2023 | 23.72 | = | 59.80 | ÷ | 2.52 | 2.52 | = | 10,909 | ÷ | 4,326,691,783 | |
| Feb 22, 2022 | 26.19 | = | 62.28 | ÷ | 2.38 | 2.38 | = | 10,308 | ÷ | 4,335,473,308 | |
| Feb 25, 2021 | 24.03 | = | 50.17 | ÷ | 2.09 | 2.09 | = | 8,997 | ÷ | 4,309,311,676 | |
| Feb 24, 2020 | 24.95 | = | 58.65 | ÷ | 2.35 | 2.35 | = | 10,086 | ÷ | 4,290,276,067 | |
| Feb 21, 2019 | 22.54 | = | 45.86 | ÷ | 2.03 | 2.03 | = | 8,700 | ÷ | 4,275,340,031 | |
| Feb 23, 2018 | 25.05 | = | 44.04 | ÷ | 1.76 | 1.76 | = | 7,501 | ÷ | 4,265,906,533 | |
| Feb 24, 2017 | 20.80 | = | 41.78 | ÷ | 2.01 | 2.01 | = | 8,626 | ÷ | 4,293,461,702 | |
| Feb 25, 2016 | 21.91 | = | 44.16 | ÷ | 2.02 | 2.02 | = | 8,728 | ÷ | 4,329,497,778 | |
| Feb 25, 2015 | 18.91 | = | 42.05 | ÷ | 2.22 | 2.22 | = | 9,708 | ÷ | 4,366,243,616 | |
| Feb 27, 2014 | 16.40 | = | 38.07 | ÷ | 2.32 | 2.32 | = | 10,228 | ÷ | 4,405,893,150 | |
| Feb 27, 2013 | 15.90 | = | 38.45 | ÷ | 2.42 | 2.42 | = | 10,779 | ÷ | 4,456,717,996 | |
| Feb 23, 2012 | 15.42 | = | 34.59 | ÷ | 2.24 | 2.24 | = | 10,154 | ÷ | 4,526,408,442 | |
| Feb 28, 2011 | 17.36 | = | 31.96 | ÷ | 1.84 | 1.84 | = | 8,449 | ÷ | 4,588,633,662 | |
| Feb 26, 2010 | 14.76 | = | 26.36 | ÷ | 1.79 | 1.79 | = | 8,231 | ÷ | 4,610,247,876 | |
| Feb 26, 2009 | 11.26 | = | 20.54 | ÷ | 1.82 | 1.82 | = | 8,446 | ÷ | 4,629,316,324 | |
| Feb 28, 2008 | 19.05 | = | 29.73 | ÷ | 1.56 | 1.56 | = | 7,252 | ÷ | 4,648,024,084 | |
| Feb 21, 2007 | 17.46 | = | 23.79 | ÷ | 1.36 | 1.36 | = | 6,308 | ÷ | 4,630,577,016 | |
| Feb 28, 2006 | 16.34 | = | 20.99 | ÷ | 1.28 | 1.28 | = | 6,085 | ÷ | 4,735,766,494 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Coca-Cola Co. Annual Report.
Comparison to Competitors
Coca-Cola Co., P/OP, long-term trends, comparison to competitors
| Coca-Cola Co. | Altria Group Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Feb 20, 2024 | 23.14 | 6.25 | 19.23 | 11.96 |
| Feb 21, 2023 | 23.72 | 6.97 | 20.67 | 12.96 |
| Feb 22, 2022 | 26.19 | 8.09 | 20.87 | 12.90 |
| Feb 25, 2021 | 24.03 | 7.45 | 18.47 | 11.43 |
| Feb 24, 2020 | 24.95 | 7.65 | 19.78 | 12.92 |
| Feb 21, 2019 | 22.54 | 10.71 | 16.10 | 10.48 |
| Feb 23, 2018 | 25.05 | 12.73 | 15.15 | 13.91 |
| Feb 24, 2017 | 20.80 | 16.51 | 15.57 | 14.71 |
| Feb 25, 2016 | 21.91 | 14.61 | 16.77 | 13.31 |
| Feb 25, 2015 | 18.91 | 14.38 | 15.51 | 10.98 |
| Feb 27, 2014 | 16.40 | 8.74 | 12.25 | 9.26 |
| Feb 27, 2013 | 15.90 | 9.44 | 12.76 | 11.10 |
| Feb 23, 2012 | 15.42 | 9.96 | 10.32 | 10.71 |
| Feb 28, 2011 | 17.36 | 8.38 | 12.07 | 9.99 |
| Feb 26, 2010 | 14.76 | 7.72 | 12.18 | 9.18 |
| Feb 26, 2009 | 11.26 | 6.53 | 11.71 | 6.69 |
| Feb 28, 2008 | 19.05 | 11.75 | 16.02 | — |
| Feb 21, 2007 | 17.46 | 10.16 | 16.43 | — |
| Feb 28, 2006 | 16.34 | 9.29 | 16.65 | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).