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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.35B | - | $2.20B | $2.11B | $1.85B | - | $1.88B | $1.90B | $1.90B | - |
| Cost of Revenue | $1.06B | - | $972.65M | $935.18M | $806.60M | - | $881.17M | $881.09M | $871.97M | - |
| Gross Profit | $1.29B | - | $1.22B | $1.18B | $1.05B | - | $999.80M | $1.02B | $1.03B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $563.39M | - | $549.13M | $544.79M | $478.22M | - | $519.88M | $492.34M | $485.14M | - |
| D&A | $28.40M | - | - | - | $24.85M | - | - | - | $20.48M | - |
| Operating Income | $729.96M | - | $675.35M | $631.62M | $569.75M | - | $479.92M | $527.16M | $541.99M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $180.64M | - | $165.08M | $157.89M | $135.02M | - | $103.18M | $126.17M | $135.70M | - |
| Net Income | $569.49M | - | $524.46M | $488.79M | $442.99M | - | $370.92M | $425.37M | $442.05M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.04B | $2.09B | $2.29B | $1.93B | $1.90B | $1.53B | $1.63B | $1.56B | $2.58B | $2.30B |
| Accounts Receivable | $1.88B | $1.62B | $1.60B | $1.52B | $1.36B | $1.22B | $1.29B | $1.36B | $1.37B | $1.19B |
| Inventory | $828.26M | $799.62M | $704.59M | $658.17M | $725.13M | $737.11M | $770.34M | $834.40M | $939.63M | $971.41M |
| Accounts Payable | $783.86M | $565.97M | $683.03M | $489.04M | $486.95M | $466.77M | $549.03M | $511.14M | $533.73M | $564.38M |
| Current Assets | $5.91B | $5.36B | $5.07B | $4.43B | $4.14B | $3.64B | $3.90B | $3.95B | $6.04B | $5.59B |
| Total Assets | $10.84B | $9.99B | $9.61B | $8.73B | $8.23B | $7.72B | $8.05B | $8.06B | $10.10B | $9.69B |
| Current Liabilities | $1.82B | $1.45B | $1.59B | $1.26B | $1.23B | $1.10B | $1.25B | $1.16B | $1.23B | $1.16B |
| Long-term Debt | - | - | - | - | $199.06M | $373.95M | $748.84M | $748.74M | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $8.73B | $8.25B | $7.75B | $7.19B | $6.52B | $5.96B | $5.78B | $5.87B | $8.58B | $8.23B |
| Retained Earnings | $9.92B | $9.35B | $8.91B | $8.38B | $7.89B | $7.45B | $7.18B | $6.81B | $6.38B | $5.94B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $604.99M | - | - | - | $507.60M | - | - | - | $412.14M | - |
| Investing Cash Flow | ($520.68M) | - | - | - | ($30.86M) | - | - | - | ($35.32M) | - |
| Financing Cash Flow | ($118.12M) | - | - | - | ($145.59M) | - | - | - | ($84.75M) | - |
| CapEx | $20.60M | - | - | - | $29.06M | - | - | - | $66.04M | - |
| Free Cash Flow | $584.38M | - | - | - | $478.54M | - | - | - | $346.10M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 55.0% | - | 55.7% | 55.7% | 56.5% | - | 53.2% | 53.6% | 54.1% | - |
| Operating margin | 31.0% | - | 30.7% | 29.9% | 30.7% | - | 25.5% | 27.7% | 28.5% | - |
| EBITDA margin | 32.2% | - | - | - | 32.1% | - | - | - | 29.6% | - |
| Net margin | 24.2% | - | 23.9% | 23.1% | 23.9% | - | 19.7% | 22.4% | 23.3% | - |
| Free cash flow margin | 24.8% | - | - | - | 25.8% | - | - | - | 18.2% | - |
| FCF / Net income | 1.03 | - | - | - | 1.08 | - | - | - | 0.78 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 24.1% | - | 23.9% | 24.4% | 23.4% | - | 21.8% | 22.9% | 23.5% | - |
| Return on assets | 5.3% | - | 5.5% | 5.6% | 5.4% | - | 4.6% | 5.3% | 4.4% | - |
| Return on equity | 6.5% | - | 6.8% | 6.8% | 6.8% | - | 6.4% | 7.3% | 5.2% | - |
| Return on invested capital | - | - | - | - | 6.5% | - | 5.8% | 6.1% | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.26 | 3.70 | 3.19 | 3.52 | 3.37 | 3.32 | 3.13 | 3.41 | 4.91 | 4.81 |
| Quick ratio | 2.80 | 3.15 | 2.74 | 3.00 | 2.78 | 2.65 | 2.51 | 2.69 | 4.15 | 3.97 |
| Cash ratio | 1.12 | 1.44 | 1.44 | 1.53 | 1.55 | 1.40 | 1.31 | 1.35 | 2.10 | 1.98 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | 0.03 | 0.06 | 0.13 | 0.13 | - | - |
| Debt / Assets | - | - | - | - | 0.02 | 0.05 | 0.09 | 0.09 | - | - |
| Debt / EBITDA | - | - | - | - | 0.33 | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.24 | 1.21 | 1.24 | 1.21 | 1.26 | 1.30 | 1.39 | 1.37 | 1.18 | 1.18 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | - | 0.23 | 0.24 | 0.23 | - | 0.23 | 0.24 | 0.19 | - |
| Inventory turnover | 1.28 | - | 1.38 | 1.42 | 1.11 | - | 1.14 | 1.06 | 0.93 | - |
| Days sales outstanding | 292d | - | 266d | 263d | 268d | - | 249d | 262d | 263d | - |
| Days inventory outstanding | 285d | - | 264d | 257d | 328d | - | 319d | 346d | 393d | - |
| Days payable outstanding | 270d | - | 256d | 191d | 220d | - | 227d | 212d | 223d | - |
| Cash conversion cycle | 307d | - | 274d | 329d | 375d | - | 341d | 396d | 433d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 8.2x | - | 8.6x | 8.6x | 8.8x | - | 8.9x | 8.8x | 7.3x | - |
| P / S | 30.4x | - | 30.2x | 29.2x | 31.0x | - | 27.3x | 27.3x | 32.8x | - |
| EV / EBITDA | 91.7x | - | - | - | 93.7x | - | - | - | 106.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 26.9% | - | 16.8% | 11.1% | -2.3% | - | 1.3% | 2.5% | 11.8% | - |
| Revenue CAGR (3y) | 11.5% | - | 10.6% | 8.5% | 6.9% | - | 10.1% | 9.1% | 15.1% | - |
| Revenue CAGR (5y) | 13.6% | - | 12.0% | 14.1% | 11.8% | - | 10.7% | 11.5% | 15.0% | - |
| Gross profit growth (YoY) | 23.4% | - | 22.5% | 15.4% | 2.0% | - | 1.6% | 4.6% | 14.4% | - |
| Operating income growth (YoY) | 28.1% | - | 40.7% | 19.8% | 5.1% | - | -6.0% | 0.6% | 11.7% | - |
| Net income growth (YoY) | 28.6% | - | 41.4% | 14.9% | 0.2% | - | - | 2.8% | 11.2% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 22.1% | - | - | - | 38.3% | - | - | - | -10.0% | - |
| FCF CAGR (5y) | 28.5% | - | - | - | 21.6% | - | - | - | 24.7% | - |
| Book value growth (YoY) | 33.9% | 38.5% | 34.0% | 22.6% | -24.0% | -27.6% | -26.6% | -25.2% | 16.0% | 17.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.29B totalMonster 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 totalU.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%
Peer comparison
Same SIC group: Bottled & Canned Soft Drinks & Carbonated Waters
Comparing Monster Beverage Corp against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Nov 8, 1990 | $0.0052 |