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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 55.8% | 54.0% | 53.1% | 50.3% | 56.1% | 59.2% |
| Operating margin | 29.2% | 25.8% | 27.4% | 25.1% | 32.4% | 35.5% |
| EBITDA margin | 30.5% | 26.8% | 28.3% | 26.1% | 33.3% | 36.8% |
| Net margin | 23.0% | 20.1% | 22.8% | 18.9% | 24.9% | 30.7% |
| Free cash flow margin | 23.7% | 22.2% | 21.0% | 11.1% | 20.1% | 28.6% |
| FCF / Net income | 1.03 | 1.10 | 0.92 | 0.59 | 0.81 | 0.93 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 23.2% | 24.1% | 21.2% | 24.2% | 23.5% | 13.3% |
| Return on assets | 19.1% | 19.5% | 16.8% | 14.4% | 17.6% | 22.7% |
| Return on equity | 23.1% | 25.3% | 19.8% | 17.0% | 21.0% | 27.3% |
| Return on invested capital | - | 23.1% | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 3.70 | 3.32 | 4.81 | 4.76 | 4.85 | 4.19 |
| Quick ratio | 3.15 | 2.65 | 3.97 | 3.82 | 4.24 | 3.74 |
| Cash ratio | 1.44 | 1.40 | 1.98 | 1.30 | 1.37 | 1.57 |
| Leverage | ||||||
| Debt / Equity | - | 0.06 | - | - | - | - |
| Debt / Assets | - | 0.05 | - | - | - | - |
| Debt / EBITDA | - | 0.19 | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.21 | 1.30 | 1.18 | 1.18 | 1.19 | 1.20 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.83 | 0.97 | 0.74 | 0.76 | 0.71 | 0.74 |
| Inventory turnover | 4.58 | 4.67 | 3.44 | 3.35 | 4.10 | 5.63 |
| Days sales outstanding | 71d | 60d | 61d | 59d | 59d | 53d |
| Days inventory outstanding | 80d | 78d | 106d | 109d | 89d | 65d |
| Days payable outstanding | 56d | 49d | 62d | 52d | 61d | 58d |
| Cash conversion cycle | 94d | 88d | 105d | 116d | 87d | 60d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 9.1x | 8.9x | 7.4x | 3.9x | 3.9x | 4.8x |
| P / S | 9.1x | 7.1x | 8.5x | 4.3x | 4.6x | 5.4x |
| EV / EBITDA | 29.0x | 25.9x | 29.0x | 15.7x | 13.2x | 13.9x |
| 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 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%
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
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 |