Costco has demonstrated substantially stronger absolute and relative revenue growth than Coca-Cola over the FY2022–FY2025 period. Costco grew revenues from $226.95B in FY2022 [COST:Q0] to $275.24B in FY2025 [COST:Q3], representing cumulative growth of roughly 21% over three years. Year-over-year growth rates were generally strong — FY2023 at $242.29B [COST:Q1] (+6.8%), FY2024 at $254.45B [COST:Q2] (+5.0%), and FY2025 at $275.24B [COST:Q3] (+8.2%) — with a mid-period dip in FY2024 before re-accelerating meaningfully in FY2025, reflecting resilient membership-driven demand and ongoing store expansion. Coca-Cola, by contrast, grew from $43.00B in FY2022 [KO:Q0] to $47.94B in FY2025 [KO:Q3], a cumulative gain of roughly 11%. Notably, KO's earlier growth (FY2022–FY2023 at $45.75B [KO:Q1], +6.4%) was partly supported by pricing actions and favorable FX tailwinds rather than pure volume expansion, which helps explain — though does not fully offset — the subsequent deceleration to +2.9% in FY2024 [KO:Q2] and +1.9% in FY2025 [KO:Q3], with the most recent annual increment below $900M [KO:Q2][KO:Q3]. While the two companies operate in very different segments (retail vs. beverages), Costco's growth trajectory is clearly more robust in both pace and consistency.
COST: Costco has delivered strong and recovering revenue growth, expanding from $226.95B in FY2022 [COST:Q0] to $275.24B in FY2025 [COST:Q3], a ~21% cumulative increase. After a modest deceleration in FY2024 [COST:Q2], growth re-accelerated sharply in FY2025, adding over $20B in revenues versus the prior year, underpinned by membership-driven demand and continued store expansion.
KO: Coca-Cola has grown revenues from $43.00B in FY2022 [KO:Q0] to $47.94B in FY2025 [KO:Q3], a cumulative gain of roughly 11%, but the pace has slowed materially. The stronger growth in FY2022–FY2023 was partly attributable to pricing actions and FX tailwinds rather than organic volume gains, and as those tailwinds faded, top-line momentum has moderated — the FY2024-to-FY2025 increment was less than $900M [KO:Q2][KO:Q3], pointing to maturing growth dynamics in its core beverage markets.