Consumer · Beverages: Non-Alcoholic

Monster Beverage Corporation

NASDAQMNST ISINUS61174X1090 SEC CIK0000865752 Listed on NASDAQ · USD

$45.85 +0.45 (+0.99%) Pre-market $46.10 (+1.54%) ≈ ₹4,303 a share

Open chart

Price, last 12 months+30.22% in a year

Key numbers

Market value: $89.75B
P/E (TTM): 41.7
Forward P/E: 37.6
EPS (TTM): $1.10
Dividend yield: —
Beta: 0.51
Day range: $45.47 – $45.98
52-week range: $35.03 – $50.17
Volume: 782,769
10-day avg volume: $11.92M
Revenue (TTM): $9.59B
EBITDA (TTM): $2.89B
Gross margin: 55.3%
Net margin: 22.7%
Return on equity: 24.7%
Debt / equity: —
Price / sales: 9.36
Shares out: 1.96B

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$1.73B$433.96M

Dec 23

$1.90B$541.99M$442.05M

Mar 24

$1.90B$527.16M$425.37M

Jun 24

$1.88B$479.92M$370.92M

Sep 24

$1.81B$381.22M$270.71M

Dec 24

$1.85B$569.75M$442.99M

Mar 25

$2.11B$631.62M$488.79M

Jun 25

$2.20B$675.35M$524.46M

Sep 25

$2.13B$542.64M$449.19M

Dec 25

$2.35B$729.96M$569.49M

Mar 26

$2.54B$740.44M$584.54M

Jun 26

$2.56B$718.72M$568.43M

Sep 26

Revenue · QoQ (vs last quarter)

—+9.8%+0.1%-1.0%-3.7%+2.3%+14%+4.1%-3.0%+10%+7.8%+1.0%

Revenue · YoY (vs a year ago)

————+4.7%-2.3%+11%+17%+18%+27%+20%+17%

Net income · QoQ (vs last quarter)

——-3.8%-13%-27%+64%+10%+7.3%-14%+27%+2.6%-2.8%

Net income · YoY (vs a year ago)

—————+0.2%+15%+41%+66%+29%+20%+8.4%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$1.73B	$1.90B	$1.90B	$1.88B	$1.81B	$1.85B	$2.11B	$2.20B	$2.13B	$2.35B	$2.54B	$2.56B
Cost of revenue	$791.74M	$871.97M	$881.09M	$881.17M	$809.60M	$806.60M	$935.18M	$972.65M	$947.72M	$1.06B	$1.12B	$1.16B
Gross profit	$938.37M	$1.03B	$1.02B	$999.80M	$1.00B	$1.05B	$1.18B	$1.22B	$1.18B	$1.29B	$1.42B	$1.40B
Gross margin	54.2%	54.1%	53.6%	53.2%	55.3%	56.5%	55.7%	55.7%	55.5%	55.0%	55.9%	54.7%
Operating income	$433.96M	$541.99M	$527.16M	$479.92M	$381.22M	$569.75M	$631.62M	$675.35M	$542.64M	$729.96M	$740.44M	$718.72M
Operating margin	25.1%	28.5%	27.7%	25.5%	21.0%	30.7%	29.9%	30.7%	25.5%	31.0%	29.2%	28.0%
Pre-tax income	$450.07M	$577.75M	$551.54M	$474.10M	$386.08M	$578.02M	$646.69M	$689.54M	$568.29M	$750.13M	$768.27M	$753.50M
Income tax	$83.10M	$135.70M	$126.17M	$103.18M	$115.37M	$135.02M	$157.89M	$165.08M	$119.10M	$180.64M	$183.73M	$185.07M
Net income	—	$442.05M	$425.37M	$370.92M	$270.71M	$442.99M	$488.79M	$524.46M	$449.19M	$569.49M	$584.54M	$568.43M
Net margin	—	23.3%	22.4%	19.7%	14.9%	23.9%	23.1%	23.9%	21.1%	24.2%	23.0%	22.2%

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$3.81B$2.30B$993.00M

FY18

$4.20B$2.52B$1.11B

FY19

$4.60B$2.72B$1.41B

FY20

$5.54B$3.11B$1.38B

FY21

$6.31B$3.17B$1.19B

FY22

$7.14B$3.79B$1.63B

FY23

$7.49B$4.05B$1.51B

FY24

$8.29B$4.63B$1.91B

FY25

Revenue · YoY (vs a year ago)

—+10%+9.5%+20%+14%+13%+4.9%+11%

Net income · YoY (vs a year ago)

—+12%+27%-2.3%-13%+37%-7.5%+26%

RevenueGross profitNet incomeLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.81B	$4.20B	$4.60B	$5.54B	$6.31B	$7.14B	$7.49B	$8.29B
Revenue growth	—	10.3%	9.5%	20.5%	13.9%	13.1%	4.9%	10.7%
Cost of revenue	$1.51B	$1.68B	$1.87B	$2.43B	$3.14B	$3.35B	$3.44B	$3.66B
Gross profit	$2.30B	$2.52B	$2.72B	$3.11B	$3.17B	$3.79B	$4.05B	$4.63B
Gross margin	60.3%	60.0%	59.2%	56.1%	50.3%	53.1%	54.0%	55.8%
Operating income	$1.28B	$1.40B	$1.63B	$1.80B	$1.58B	$1.95B	$1.93B	$2.42B
Operating margin	33.7%	33.4%	35.5%	32.4%	25.1%	27.4%	25.8%	29.2%
Depreciation & amortisation	$56.98M	$60.73M	$57.03M	$50.16M	$61.24M	$68.90M	$80.43M	$114.44M
Pre-tax income	$1.29B	$1.42B	$1.63B	$1.80B	$1.57B	$2.07B	$1.99B	$2.48B
Income tax	$300.27M	$308.13M	$216.56M	$423.94M	$380.34M	$437.49M	$480.41M	$577.10M
Tax rate	23.2%	21.8%	13.3%	23.5%	24.2%	21.2%	24.1%	23.2%
Net income	$993.00M	$1.11B	$1.41B	$1.38B	$1.19B	$1.63B	$1.51B	$1.91B
Net margin	26.1%	26.4%	30.7%	24.9%	18.9%	22.8%	20.1%	23.0%

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$3.61B$958.16M

FY18

$4.17B$1.33B

FY19

$5.16B$2.06B

FY20

$6.57B$3.08B

FY21

$7.03B$2.67B

FY22

$8.23B$0$3.25B

FY23

$5.96B$373.95M$1.53B

FY24

$8.25B$2.77B

FY25

Shareholders' equity · YoY (vs a year ago)

—+16%+24%+27%+7.0%+17%-28%+39%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$637.51M	$797.96M	$1.18B	$1.33B	$1.31B	$2.30B	$1.53B	$2.09B
Short-term investments	$320.65M	$533.06M	$881.35M	$1.75B	$1.36B	$955.61M	$0	$677.08M
Current assets	$1.80B	$2.32B	$3.14B	$4.68B	$4.76B	$5.59B	$3.64B	$5.36B
Total assets	$4.53B	$5.15B	$6.20B	$7.80B	$8.29B	$9.69B	$7.72B	$9.99B
Current liabilities	$601.15M	$661.10M	$749.99M	$965.08M	$1.00B	$1.16B	$1.10B	$1.45B
Long-term debt	—	—	—	—	—	$0	$373.95M	—
Short-term debt	—	—	—	—	—	$0	$0	—
Total debt	—	—	—	—	—	$0	$373.95M	—
Shareholders' equity	$3.61B	$4.17B	$5.16B	$6.57B	$7.03B	$8.23B	$5.96B	$8.25B
Current ratio	3.00	3.50	4.19	4.85	4.76	4.81	3.32	3.70
Debt / equity	—	—	—	—	—	0.00	0.06	—
Return on equity	27.5%	26.6%	27.3%	21.0%	17.0%	19.8%	25.3%	23.1%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$1.16B$1.10B$1.34B

FY18

$1.11B$1.01B$707.30M

FY19

$1.36B$1.32B$595.92M

FY20

$1.16B$1.11B$13.83M

FY21

$887.70M$698.97M$771.03M

FY22

$1.72B$1.50B$658.95M

FY23

$1.93B$1.66B$3.77B

FY24

$2.10B$1.97B$103.65M

FY25

Operating cash flow · YoY (vs a year ago)

—-4.1%+22%-15%-23%+94%+12%+8.8%

Free cash flow · YoY (vs a year ago)

—-8.0%+30%-15%-37%+114%+11%+18%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$1.16B	$1.11B	$1.36B	$1.16B	$887.70M	$1.72B	$1.93B	$2.10B
Capital spending	$-61.94M	$-101.66M	$-48.72M	$-43.87M	$-188.73M	$-221.43M	$-264.07M	$-132.28M
Free cash flow	$1.10B	$1.01B	$1.32B	$1.11B	$698.97M	$1.50B	$1.66B	$1.97B
FCF margin	28.9%	24.1%	28.6%	20.1%	11.1%	21.0%	22.2%	23.7%
Stock-based pay	$57.11M	$63.36M	$70.29M	$70.48M	$64.11M	$68.84M	$90.99M	$125.69M
Cash from investing	$272.96M	$-326.72M	$-472.49M	$-992.02M	$-161.37M	$-193.40M	$733.73M	$-1.32B
Cash from financing	$-1.32B	$-628.51M	$-526.07M	$34.82M	$-706.94M	$-542.60M	$-3.33B	$-324.42M
Share buybacks	$-1.34B	$-707.30M	$-595.92M	$-13.83M	$-771.03M	$-658.95M	$-3.77B	$-103.65M

About

About Monster Beverage Corporation

Monster Beverage Corporation is an American beverage company that manufactures energy drinks including Monster Energy, Relentless, Reign and Burn. The company was originally founded as Hansen's in 1935 in Southern California, originally selling juice products. The company renamed itself as Monster Beverage in 2012.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Monster Beverage Corporation
Ticker: MNST
Exchange: NASDAQ
ISIN: US61174X1090
SEC CIK: 0000865752
Sector: Consumer
Industry: Beverages: Non-Alcoholic
SEC industry (SIC): Bottled & Canned Soft Drinks & Carbonated Waters (2086)
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 27 Feb 2026
CEO: Hilton H. Schlosberg
Chair: Rodney C. Sacks
Headquarters: Minnesota
Address: 1 Monster Way, Corona, Ca 92879
Founded: 1935
Employees: 6,891
Formerly known as: Hansen Natural Corp
Trades in: US dollars (USD)
Website: monsterbevcorp.com

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Monster Beverage Corporation

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

Peers