Monster Beverage
MNST Nasdaq· Soft Drinks & Non-alcoholic Beverages
Last close · Oct 26, 2026
$46.44
KIRA · Stoqly’s AI analyst, in plain words
- Monster Beverage had $8.3B of revenue in fiscal 2025, up 10.7% on the year before. Over five years, revenue changed +12.5% a year on average.
- Its operating margin was 29.2%, up 3.4 pts: of every 100 in sales, about 29 is left after running the business.
- Monster Beverage made $1.9B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 14.1% a year.
- Free cash flow was $2.0B in fiscal 2025, 23.7% of revenue.
- Monster Beverage returned $104M to shareholders in fiscal 2025, 5% of free cash flow. The diluted share count fell 2.8%.
- Monster Beverage has $2.8B more cash than debt.
Market cap
$45.9B
P/E
21.5x
Revenue
$8.3B
Net income
$1.9B
Free cash flow
$2.0B
Operating margin
29.2%
Monster Beverage in 30 seconds · fiscal 2025
Are sales growing?
+10.7%
Yes. Sales grew 10.7% last year.
Does it make a profit?
23.0%
Yes. It keeps 23.0% of every sale as profit.
Does profit turn into cash?
23.7%
Yes. 23.7% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
9 / 9
Solid. It passes 9 of 9 health tests.
How is the share priced?
21.5x
One share costs 21.5 times its yearly profit per share. Typical for its sector: 24.7x.
What Monster Beverage does
Monster Beverage develops, markets, sells and distributes energy drinks and the concentrates used to make them. Its main brands are Monster Energy, Reign and Bang Energy, and it also owns brands such as NOS, Full Throttle and Burn. It sells craft beers, flavored malt beverages and hard seltzers as well. The company reports four segments. Monster Energy Drinks sells ready-to-drink cans mainly to bottlers and full-service distributors, and sometimes directly to retailers. Strategic Brands, made up of energy brands bought from The Coca-Cola Company in 2015 plus lower-priced brands, mainly sells concentrates to bottlers, who finish and package the drinks. Alcohol Brands covers its beers, malt beverages and seltzers. Other covers products a subsidiary sells to outside customers. Monster has extensive commercial arrangements with The Coca-Cola Company, so its results depend heavily on that relationship.
Biggest risks, in its own words
- Depending heavily on its commercial relationship with The Coca-Cola Company.
- A focus on energy drinks, so a downturn or bad press for that category hits it hard.
- Large customers cutting their purchases or dropping its products.
- Rising costs for packaging, raw materials, freight and tariffs.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- Monster Beverage Corp
- CIK
- 0000865752
Monster Beverage · MNST
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $5.5B | $6.3B | $7.1B | $7.5B | $8.3B |
| Revenue growth | 20.5% | 13.9% | 13.1% | 4.9% | 10.7% |
| Gross margin | 56.1% | 50.3% | 53.1% | 54.0% | 55.9% |
| Operating margin | 32.4% | 25.1% | 27.4% | 25.8% | 29.2% |
| Net income | $1.4B | $1.2B | $1.6B | $1.5B | $1.9B |
| Net margin | 24.9% | 18.9% | 22.8% | 20.1% | 23.0% |
| Diluted EPS | $1.29 | $1.12 | $1.54 | $1.49 | $1.94 |
| Cash | |||||
| Cash from operations | $1.2B | $888M | $1.7B | $1.9B | $2.1B |
| Capital expenditure | $43.9M | $189M | $221M | $264M | $132M |
| Free cash flow | $1.1B | $699M | $1.5B | $1.7B | $2.0B |
| FCF margin | 20.1% | 11.1% | 21.0% | 22.2% | 23.7% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $13.8M | $771M | $659M | $3.8B | $104M |
| Share count change | 0.2% | −0.5% | −0.8% | −4.2% | −2.8% |
| Debt and strength | |||||
| Cash and short-term investments | $3.1B | $2.7B | $3.3B | $1.5B | $2.8B |
| Debt incl. finance leases | $1.0M | $0.8M | $6.5M | $378M | $0.0M |
| Shareholders' equity | $6.6B | $7.0B | $8.2B | $6.0B | $8.3B |
| Net debt / EBITDA | −1.7x | −1.6x | −1.6x | −0.6x | −1.1x |
| Current ratio | 4.9x | 4.8x | 4.8x | 3.3x | 3.7x |
| Interest coverage | 13,413.9x | 3,676.9x | 5,381.1x | 76.4x | 453.3x |
| Returns and quality | |||||
| Return on capital | 41.7% | 30.6% | 33.0% | 29.9% | 36.1% |
| Return on equity | 23.5% | 17.5% | 21.4% | 21.3% | 26.8% |
| Piotroski F-score | 4 | 3 | 8 | 5 | 9 |
| Altman Z'' | 13.5 | 13.6 | 12.3 | 10.5 | 12.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$36.2M
5 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Monster Beverage · MNST
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Monster Beverage MNST | $45.9B | 10.7% | 29.2% | 23.7% | 36.1% | 21.5x | 9 |
| Coca-Cola Consolidated COKE | — | 4.8% | 13.2% | 8.6% | 39.7% | — | — |
| Keurig Dr Pepper KDP | $47.7B | 8.2% | 21.5% | 9.1% | 6.8% | 35.3x | 6 |
| Celsius CELH | $7.2B | 85.5% | 5.6% | 12.9% | 25.1% | 122.4x | 5 |
| Coca-Cola KO | $399.9B | 1.9% | 28.7% | 11.1% | 18.3% | 29.2x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $46.44 a share, the company is worth $45.9B: 21.5 times its earnings of the last four quarters.
Monster Beverage grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 0 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000865752). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.