CoverageForm 410-K10-Q8-K13D13G13F

MNST · Monster Beverage Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MNST

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$8.29B$7.49B$7.14B$6.31B$5.54B$4.60B
Cost of Revenue$3.66B$3.44B$3.35B$3.14B$2.43B$1.87B
Gross Profit$4.63B$4.05B$3.79B$3.17B$3.11B$2.72B
R&D------
SG&A------
Total Operating Expenses$2.21B$2.12B$1.84B$1.59B$1.31B$1.09B
D&A$114.44M$80.43M$68.90M$61.24M$50.16M$60.97M
Operating Income$2.42B$1.93B$1.95B$1.58B$1.80B$1.63B
Interest Expense------
Income Tax$577.10M$480.41M$437.49M$380.34M$423.94M$216.56M
Net Income$1.91B$1.51B$1.63B$1.19B$1.38B$1.41B
EPS - Basic------
EPS - Diluted------

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$2.09B$1.53B$2.30B$1.31B$1.33B$1.18B
Accounts Receivable$1.62B$1.22B$1.19B$1.02B$896.66M$666.01M
Inventory$799.62M$737.11M$971.41M$935.63M$593.36M$333.08M
Accounts Payable$565.97M$466.77M$564.38M$444.26M$404.26M$296.80M
Current Assets$5.36B$3.64B$5.59B$4.76B$4.68B$3.14B
Total Assets$9.99B$7.72B$9.69B$8.29B$7.80B$6.20B
Current Liabilities$1.45B$1.10B$1.16B$1.00B$965.08M$749.99M
Long-term Debt-$373.95M----
Total Liabilities------
Stockholders' Equity$8.25B$5.96B$8.23B$7.03B$6.57B$5.16B
Retained Earnings$9.35B$7.45B$5.94B$9.00B$7.81B$6.43B

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$2.10B$1.93B$1.72B$887.70M$1.16B$1.36B
Investing Cash Flow($1.32B)$733.73M($193.40M)($161.37M)($992.02M)($472.49M)
Financing Cash Flow($324.42M)($3.33B)($542.60M)($706.94M)$34.82M($526.07M)
CapEx$132.28M$264.07M$221.43M$188.73M$43.87M$48.72M
Free Cash Flow$1.97B$1.66B$1.50B$698.97M$1.11B$1.32B

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin55.8%54.0%53.1%50.3%56.1%59.2%
Operating margin29.2%25.8%27.4%25.1%32.4%35.5%
EBITDA margin30.5%26.8%28.3%26.1%33.3%36.8%
Net margin23.0%20.1%22.8%18.9%24.9%30.7%
Free cash flow margin23.7%22.2%21.0%11.1%20.1%28.6%
FCF / Net income1.031.100.920.590.810.93
R&D / Revenue------
SG&A / Revenue------
Effective tax rate23.2%24.1%21.2%24.2%23.5%13.3%
Return on assets19.1%19.5%16.8%14.4%17.6%22.7%
Return on equity23.1%25.3%19.8%17.0%21.0%27.3%
Return on invested capital-23.1%----
Liquidity
Current ratio3.703.324.814.764.854.19
Quick ratio3.152.653.973.824.243.74
Cash ratio1.441.401.981.301.371.57
Leverage
Debt / Equity-0.06----
Debt / Assets-0.05----
Debt / EBITDA-0.19----
Interest coverage------
Equity multiplier1.211.301.181.181.191.20
Liabilities / Assets------
Efficiency
Asset turnover0.830.970.740.760.710.74
Inventory turnover4.584.673.443.354.105.63
Days sales outstanding71d60d61d59d59d53d
Days inventory outstanding80d78d106d109d89d65d
Days payable outstanding56d49d62d52d61d58d
Cash conversion cycle94d88d105d116d87d60d
Valuation
P / E------
P / B9.1x8.9x7.4x3.9x3.9x4.8x
P / S9.1x7.1x8.5x4.3x4.6x5.4x
EV / EBITDA29.0x25.9x29.0x15.7x13.2x13.9x
Growth
Revenue growth (YoY)10.7%4.9%13.1%13.9%20.5%9.5%
Revenue CAGR (3y)9.5%10.6%15.8%14.5%22.0%-
Revenue CAGR (5y)12.5%12.3%18.5%---
Gross profit growth (YoY)14.4%6.7%19.5%2.1%14.1%8.2%
Operating income growth (YoY)25.3%-1.2%23.3%-11.8%10.1%16.4%
Net income growth (YoY)26.3%-7.5%36.9%-13.5%-2.3%27.2%
EPS growth (YoY)------
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)18.1%11.2%114.1%-37.1%-15.5%30.0%
FCF CAGR (5y)8.4%10.5%6.3%2.5%13.1%50.1%
Book value growth (YoY)38.5%-27.6%17.1%7.0%27.2%23.7%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$8.29B total
Monster Energy Drinks Segment$7.67B · 92.4%
Strategic Brands Segment$468.72M · 5.7%
Alcohol Brands Segment$134.72M · 1.6%
All Other Segments$25.04M · 0.3%

Geographic

$11.11B total
U.s.And Canada$4.70B · 42.4%
Non Us$3.44B · 31.0%
EMEA$1.70B · 15.3%
Latin America And Caribbean$677.33M · 6.1%
Asia Pacific$581.29M · 5.2%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Bottled & Canned Soft Drinks & Carbonated Waters

CompanyRevenue (last FY)Net marginROE
CELH$2.52B4.3%9.1%
ZVIA$161.26M-12.4%-39.2%
PRMW---
REED$34.06M-46.5%-173.1%
FIZZ---

Comparing Monster Beverage Corp against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-datePer share
Nov 8, 1990$0.0052