Coca-Cola
KO · Soft Drinks & Non-alcoholic Beverages
$92.71
2.8%Monster Beverage
MNST · Soft Drinks & Non-alcoholic Beverages
$46.19
2.3%The short version
- Coca-Cola is the larger business, with $47.9B of revenue in fiscal 2025 against $8.3B for Monster Beverage, about 5.8 times as much.
- Monster Beverage grew revenue faster (10.7%, against 1.9%).
- Monster Beverage turned more of its sales into free cash flow (23.7% FCF margin, against 11.1% FCF margin).
- Monster Beverage earned a higher return on the capital invested in it (36.1%, against 18.3%).
- Investors pay more for each dollar of Coca-Cola’s earnings: a P/E of 29.2x against 21.4x for Monster Beverage.
| Latest fiscal year | KO · FY25 | MNST · FY25 |
|---|---|---|
| Size | ||
| Market cap | $400.0B | $45.7B |
| Revenue | $47.9B | $8.3B |
| Free cash flow | $5.3B | $2.0B |
| Net income | $13.1B | $1.9B |
| Growth | ||
| Revenue growth | 1.9% | 10.7% |
| 5-year growth | 7.8% | 12.5% |
| Share count change | −0.2% | −2.8% |
| Profitability | ||
| Gross margin | 61.6% | 55.9% |
| Operating margin | 28.7% | 29.2% |
| Net margin | 27.3% | 23.0% |
| FCF margin | 11.1% | 23.7% |
| Return on capital | 18.3% | 36.1% |
| Return on equity | 46.0% | 26.8% |
| Balance sheet | ||
| Net debt | $31.6B | −$2.8B |
| Net debt / EBITDA | 2.1x | −1.1x |
| Dividends and buybacks | $9.5B | $104M |
| Valuation & quality | ||
| P/E | 29.2x | 21.4x |
| Piotroski F-score | 7 | 9 |
FY16
KO $41.9B
MNST $3.0B
FY17
KO $36.2B
MNST $3.4B
FY18
KO $34.3B
MNST $3.8B
FY19
KO $37.3B
MNST $4.2B
FY20
KO $33.0B
MNST $4.6B
FY21
KO $38.7B
MNST $5.5B
FY22
KO $43.0B
MNST $6.3B
FY23
KO $45.8B
MNST $7.1B
FY24
KO $47.1B
MNST $7.5B
FY25
KO $47.9B
MNST $8.3B
KO
MNST
FY16
KO 20.7%
MNST 35.6%
FY17
KO 21.4%
MNST 35.6%
FY18
KO 26.7%
MNST 33.7%
FY19
KO 27.1%
MNST 33.4%
FY20
KO 27.3%
MNST 35.5%
FY21
KO 26.7%
MNST 32.4%
FY22
KO 25.4%
MNST 25.1%
FY23
KO 24.7%
MNST 27.4%
FY24
KO 21.2%
MNST 25.8%
FY25
KO 28.7%
MNST 29.2%
KO
MNST
FY16
KO $6.5B
MNST $602M
FY17
KO $5.3B
MNST $904M
FY18
KO $6.1B
MNST $1.1B
FY19
KO $8.4B
MNST $1.0B
FY20
KO $8.7B
MNST $1.3B
FY21
KO $11.3B
MNST $1.1B
FY22
KO $9.5B
MNST $699M
FY23
KO $9.7B
MNST $1.5B
FY24
KO $4.7B
MNST $1.7B
FY25
KO $5.3B
MNST $2.0B
KO
MNST
FY16
KO 13.3%
MNST 31.0%
FY17
KO 7.6%
MNST 30.2%
FY18
KO 14.1%
MNST 36.9%
FY19
KO 15.7%
MNST 40.0%
FY20
KO 12.9%
MNST 47.7%
FY21
KO 14.5%
MNST 41.7%
FY22
KO 16.1%
MNST 30.6%
FY23
KO 16.8%
MNST 33.0%
FY24
KO 14.2%
MNST 29.9%
FY25
KO 18.3%
MNST 36.1%
KO
MNST
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.