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Coca-Cola Europacific Partners plc (CCEP)

Coca-Cola Europacific Partners makes, sells and distributes soft drinks under franchise, mostly non-alcoholic ready to drink. It operates across 31 markets in Western Europe and the Asia Pacific region, serving nearly 600 million consumers and over four million customers, and reports two segments, Europe and APS. There are 85 production facilities and around 39,000 colleagues. Figures are stated in euro.

Coca-Cola Europacific Partners plc

Coca-Cola Europacific Partners makes, sells and distributes soft drinks under franchise, mostly non-alcoholic ready to drink. It operates across 31 markets in Western Europe and the Asia Pacific region, serving nearly 600 million consumers and over four million customers, and reports two segments, Europe and APS. There are 85 production facilities and around 39,000 colleagues. Figures are stated in euro.

The franchise model

The group operates under bottler agreements with The Coca-Cola Company and other franchisors, buying concentrates and syrups to make, distribute and sell the drinks. The Coca-Cola Company and Monster Energy Corporation are the central brand partners. In February 2024 the group, together with Aboitiz Equity Ventures, jointly acquired 100% of Coca-Cola Beverages Philippines from The Coca-Cola Company, which is why 2025 carries a full year of Philippine results. Ingredients such as water, sugar, coffee and juices are sourced locally where possible, and 86% of supplier spend went to local economies in 2025.

Europe

Sales were €15,404 million against €14,971 million the year before, 2.9% higher as reported and 3.1% on a currency neutral basis, at sales per unit case of €5.97 against €5.76. By market, Great Britain was €3,470 million, Iberia €3,429 million, Germany €3,203 million, France €2,439 million, Belgium and Luxembourg €1,082 million, the Netherlands €833 million, Sweden €433 million, Norway €427 million and Iceland €88 million. Iberia means Spain, Portugal and Andorra, and France covers continental France and Monaco. Over 90% of the drinks sold in Europe are made in the country where they are consumed. Over 75,000 coolers were placed in Europe during 2025. Energy volume rose 18.8% on 2024, led by Monster, while juice volume fell 10.0% on the strategic de-listing of Capri-Sun in Europe, and the filing reports share gains in alcohol.

Asia Pacific

Sales in the APS segment were €5,497 million against €5,467 million as reported, and 2.0% higher on an adjusted comparable and currency neutral basis, at sales per unit case of €4.26 against €4.21. Volumes were 2.4% higher as reported and 2.7% higher on a comparable basis, which the filing attributes to the inclusion of a full year of Philippine results. Monster and Sprite showed volume growth in the segment. Sales per unit case grew on an adjusted comparable and currency neutral basis, which the filing attributes to favourable mix, headline price increases and promotional optimisation, against a consumer focus on affordability and higher sugar taxes in some territories.

Making and selling

A commercial team of 11,900 people serves customers from local shops to global retailers, restaurants and stadiums, with 1.36m coolers across the group, and the filing puts the value generated for retail customers over the last three years at €3.9bn. Drinks go out both directly and through logistics partners. Packaging uses glass, aluminium, PET, pulp and paper, and 99.8% of the bottles and cans are recyclable, though the filing notes they do not always end up recycled. Pack formats are being widened at both ends, with affordability packs to increase accessibility and premium formats including mini-cans, mini-PET and more returnable glass.

Returns and investment

Just under €2 billion was returned to shareholders in 2025, including €1 billion under the share buyback programme, and a further €1 billion buyback has been announced for the coming year. Around €1 billion was invested across the business, expanding manufacturing capacity, evolving the packaging portfolio and advancing digital work through SAP S/4HANA and a new Integrated Shared Services centre in Manila.

From Coca-Cola Europacific Partners' annual report on Form 20-F for the year ended 31 December 2025. That filing carries no Item 4 or Item 5 heading in its body, using a cross-reference index at the back instead, so the annual report is read as one whole document rather than from separately located sections. The filing

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Coca-Cola Europacific Partners plc files a 20-F with the SEC once a year, in euros. In the year to 31 December 2025 it reported revenue of EUR 20,901 million ($23.6 billion at the year's average rate), up 2.3% on the year before. Its profit attributable to shareholders was EUR 1,942 million, up 37.0%, and diluted earnings per share EUR 4.26.

Coca-Cola Europacific Partners (CCEP) in brief

Coca-Cola Europacific Partners (CCEP) reported revenue of EUR 20.9 billion for the year to 31 December 2025, up 2.3% on the year before.
Read moreProfit attributable to shareholders was EUR 1.9 billion and diluted earnings per share EUR 4.26. Revenue was EUR 20.4 billion in 2024, EUR 18.3 billion in 2023, EUR 17.3 billion in 2022 and EUR 13.8 billion in 2021. Profit attributable to shareholders in the same years was EUR 1.4 billion, EUR 1.7 billion, EUR 1.5 billion and EUR 982 million. Revenue grew 14.5% a year, compounded, over the five years to 2025. At the close of 10 November 2026 the market cap of Coca-Cola Europacific Partners was $52.8 billion, 24.7 times its earnings for 2025.

The share in the US

Last close$117.51 on 10 November 2026
52-week range$85.43 (7 January 2026) to $117.51 (10 November 2026)
Over one yearup 28.8%
Market cap$52.8 billion: 449,086,551 shares outstanding at 31 December 2025 (20-F), each US share standing for one ordinary share
P/E, latest fiscal year24.7: the last close over diluted EPS for the year to Dec 2025, EUR 4.26 per ordinary share, $4.75 at 1.1154 US dollars per EUR on 6 November 2026 (FRED DEXUSEU). The company reports once a year, so this is the latest fiscal year, not the last four quarters.

US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.

Ratios

From the latest annual report, the year to Dec 2025, in dollars

ROE24.8%
ROCE15.1%
Operating margin13.4%
Net margin9.3%
FCF margin10.5%
Interest cover9.13
Debt to equity1.36
Cash conversion1.52
Share count, last 12 months-0.9%
Sales CAGR, 3 years6.5%
Profit CAGR, 3 years8.8%
EPS$4.75

At the close of 10 November 2026

Price$117.51
Market cap$52.8 billion
Stock P/E24.73
Price to book6.04
EV / EBITDAn/a
Dividend yield2.0%
Market cap / sales2.26
52-week high$117.51
52-week low$85.43
Price, 1 year28.8%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Coca-Cola Europacific Partners plc's balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
CCEPgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CCEP

DividendsEUR 927 million paid in cash dividends in FY2025
Filings73 in twelve months: 71 reports on Form 6-K, most often transactions in Own Shares (35); notification of transactions of persons discharging managerial responsibilities (“PDMR”) or persons closely associated with them (“PCA”) (10); TR-1: Standard form for notification of major holdings (3); trading Update for the Third Quarter ended 2 October 2026 & Interim Dividend Declaration (2); changes to directors of COCA-COLA europacific partners PLC (2)
Planned insider sales22 Form 144 notices in twelve months, $14.8 million; latest 4 November 2026
Options tapeput/call 0.04 by open interest at the 10 November 2026 close; the straddle prices a 4.4% move to 20 November 2026
13F holders584 funds reported a position for the quarter to 30 June 2026; largest Invesco Ltd.
Congress0 House trades disclosed in six months
Short interest13.6 million shares short, 7.69 days to cover at 30 October 2026

Income statement (profit and loss), 11 fiscal years

Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue6,3299,13311,06211,51812,01710,60613,76317,32018,30220,43820,901
Cost of sales4,0175,5846,7727,0607,4246,8718,67711,09611,58213,22713,461
Gross profit2,3123,5494,2904,4584,5933,7355,0866,2246,7207,2117,440
Operating profit7598511,2601,3001,5488131,5162,0862,3392,1322,793
Finance costs134154148140145144172181185272306
Profit before tax6447191,1591,2051,4546951,3821,9572,2031,9362,569
Income tax131170471296364197394436534492590
Profit for the yearn/an/an/an/a1,0904989881,5211,6691,4441,979
Profit attributable to shareholders5135496889091,0904989821,5081,6691,4181,942
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Diluted EPS2.191.421.411.862.321.092.153.293.633.084.26
Basic EPS2.231.451.421.882.341.092.153.303.643.084.26
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

EUR per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Revenue by region

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Share
of the parts, latest year
Great Britain2,3642,0762,0262,2802,4122,2032,6133,0883,2353,3273,47016.6%
Iberian/a1,7212,7062,6702,7842,1732,4953,0343,3253,3983,42916.4%
Germanyn/a1,3352,2182,3352,4322,2702,3352,6823,0183,1793,20315.3%
France1,8171,7911,8031,7751,8971,7091,8132,0892,3212,3222,43911.7%
Australian/an/an/an/a0.00.01,3592,3392,3852,4752,36011.3%
Philippinesn/an/an/an/an/an/an/a0.00.01,6521,8909.0%
Belgium/Luxembourgn/an/an/an/a1,0028929261,0421,0781,0701,0825.2%
Netherlandsn/a5055265806025295576827187858334.0%
New Zealand and Pacific Islandsn/an/an/an/a0.00.03776496796946623.2%
Sweden3383503533653663373754213984104332.1%
NO4054084164394374233914043763984272.0%
IDn/an/an/an/an/an/an/a5564584033281.6%
PGn/an/an/an/an/an/an/a2472272432571.2%
ISn/an/an/a91.085.070.079.087.084.082.088.00.4%
APIn/an/an/an/an/a0.0n/an/an/an/an/an/a
Belgium Luxembourg Domainn/a909919983n/an/an/an/an/an/an/an/a
Belgium/Luxembourg/Netherlands1,405n/an/an/an/an/an/an/an/an/an/an/a
Indonesia and Papua New Guinean/an/an/an/a0.00.0443n/an/an/an/an/a
Total APIn/an/an/an/a0.00.0n/an/an/an/an/an/a
Great BritainIberia FY2016 to FY2025Germany FY2016 to FY2025FranceAustralia FY2021 to FY2025Philippines FY2024 to FY2025Belgium/Luxembourg FY2019 to FY2025Indonesia and Papua New Guinea FY2021Belgium Luxembourg Domain FY2016 to FY2018Belgium/Luxembourg/Netherlands FY2015Other
6.3Dec 201511.0Dec 201712.0Dec 201913.8Dec 202118.3Dec 202320.9Dec 2025

EUR billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

EUR million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Cash flow statement

Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from operations9221,2441,6231,8061,9041,4902,1172,9322,8063,0612,953
Purchase of property, plant and equipment292459484525506348349500672791750
Free cash flow6307851,1391,2811,3981,1421,7682,4322,1342,2702,203
Cash from investing-272-383-488-596-599-370-5,605-645-937-1,957-632
Cash from financing-685-626-1,152-1,259-1,3021003,289-2,276-1,822-973-2,890
Buybacks5340.00.05021,0051290.00.00.00.040.0
Dividends paid232204489513574386638763841910927
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Funded by
Equity attributable to shareholders8716,4616,6856,5646,1566,0257,0337,4477,9768,4897,835
Non-controlling interestsn/an/an/an/an/a0.01770.00.0496468
Borrowings, as filedn/a6,4375,7485,6186,4217,18713,14011,90711,39611,33110,694
Lease liabilitiesn/an/an/a75.0n/an/an/an/an/an/an/a
Other liabilitiesn/a5,6705,7615,9596,1086,0258,7409,9599,88210,78410,875
Total equity and liabilitiesn/a18,56818,19418,21618,68519,23729,09029,31329,25431,10029,872
Owned
Property, plant and equipment1,6923,9933,8373,8884,2053,8605,2485,2015,3446,4346,155
Goodwilln/a2,4272,5202,5182,5202,5174,6234,6004,5144,6874,536
Other intangible assetsn/a8,3448,3848,3848,5068,41412,63912,50512,39512,74912,490
Cash and cash equivalents1563863603093161,5231,4071,3871,4191,563918
Inventoriesn/a6736506937236811,1571,3801,3561,6081,547
Other assetsn/a2,7452,4432,4242,4152,2424,0164,2404,2264,0594,226
Total assetsn/a18,56818,19418,21618,68519,23729,09029,31329,25431,10029,872
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross margin36.5%38.9%38.8%38.7%38.2%35.2%37.0%35.9%36.7%35.3%35.6%
Operating margin12.0%9.3%11.4%11.3%12.9%7.7%11.0%12.0%12.8%10.4%13.4%
Net margin8.1%6.0%6.2%7.9%9.1%4.7%7.1%8.7%9.1%6.9%9.3%
Free cash flow margin10.0%8.6%10.3%11.1%11.6%10.8%12.8%14.0%11.7%11.1%10.5%
Return on year-end equity58.9%8.5%10.3%13.8%17.7%8.3%14.0%20.2%20.9%16.7%24.8%
Effective tax rate20.3%23.6%40.6%24.6%25.0%28.3%28.5%22.3%24.2%25.4%23.0%
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was Coca-Cola Europacific Partners' revenue in 2025?

Coca-Cola Europacific Partners (CCEP) reported revenue of EUR 20.9 billion for the year to 31 December 2025, up 2.3% on the year before.

How much did Coca-Cola Europacific Partners earn in 2025?

Profit attributable to shareholders was EUR 1.9 billion for the year to 31 December 2025, and diluted earnings per share EUR 4.26.

What is Coca-Cola Europacific Partners' P/E ratio?

At the close of 10 November 2026, Coca-Cola Europacific Partners traded at 24.7 times its earnings for 2025.

What is Coca-Cola Europacific Partners' market cap?

The market cap of Coca-Cola Europacific Partners was $52.8 billion at the close of 10 November 2026.

Peers: Candy & Soda

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Monster Beverage Corp. MNST$88.7 billion41.0322.1%28.5%20.2%0.00n/a
Coca-Cola Europacific Partners plc CCEP *$52.8 billion24.7324.8%13.4%2.3%1.362.0%
Celsius Holdings, Inc. CELH$8.3 billion36.4624.9%13.0%49.1%0.53n/a
National Beverage Corp. FIZZ$3.5 billion20.1847.6%18.4%-1.8%0.00n/a
Zevia PBC ZVIA$84 millionn/a-19.7%-5.0%8.9%0.00n/a
4 companies share its SEC industry code (Bottled & Canned Soft Drinks & Carbonated Waters); the rest are the names nearest in size in its wider industry, Candy & Soda, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 202513 March 2026EDGAR
20-F31 December 202421 March 2025EDGAR
20-F31 December 202315 March 2024EDGAR
20-F31 December 202217 March 2023EDGAR
20-F31 December 202115 March 2022EDGAR
20-F31 December 202012 March 2021EDGAR
20-F31 December 201916 March 2020EDGAR
20-F31 December 201814 March 2019EDGAR
20-F31 December 201715 March 2018EDGAR
20-F31 December 201612 April 2017EDGAR