As of Q4'25, KO's latest gross margin stands at 60.05%, with an operating margin of 26.26% and a net profit margin of 19.21%. These figures reflect a modest decrease from the previous quarter, particularly in net profit margin, which dropped from 29.7% in Q3'25. Over the period from Q1'23 to Q4'25, KO's profit margins have shown moderate volatility. Gross margin has remained relatively stable, fluctuating between 57.3% and 62.6%. Operating and net profit margins experienced more pronounced swings, with operating margin reaching a low of 18.95% in Q1'24 before rebounding to a high of 34.14% in Q2'25. Net profit margin followed a similar pattern, dipping to 18.2% in Q4'23 and peaking at 30.4% in Q2'25. Overall, while KO maintains strong profitability, the margins indicate periods of both pressure and recovery within the observed timeframe.