A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Monster Beverage Corp
MNST
$91.8B
Mkt Cap
$93.49
-0.07%
Monster Beverage Corp (MNST) has a current P/E ratio of 48.2, compared to its historical median P/E of 37.1. The stock is currently considered Expensive based on its historical valuation range.
Monster Beverage Corp (MNST) has a 5-year average return on invested capital (ROIC) of 34.2%. This indicates strong capital allocation and a potential competitive advantage.
Monster Beverage Corp (MNST) has a market capitalization of $91.4B. It is classified as a large-cap stock.
Monster Beverage Corp (MNST) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.24%.
Based on historical P/E analysis, Monster Beverage Corp (MNST) appears expensive. The current P/E of 48.2 is 30% above its historical median of 37.1. The estimated fair value CAGR (P/E method) is 8.5%.
Monster Beverage Corp (MNST) operates in the Bottled & Canned Soft Drinks & Carbonated Waters industry, within the Consumer Defensive sector.
Monster Beverage Corporation develops, markets, sells and distributes energy drink beverages and concentrates primarily under the Monster Energy®, Reign, Bang Energy®, and other brand names, alongside craft beers, flavored malt beverages and hard seltzers through four operating segments. The Monster Energy® Drinks segment generates higher per-case net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers and full-service beverage distributors, with direct sales also to retail chains, wholesalers, club stores, convenience stores, and e-commerce retailers. The Strategic Brands segment, comprising energy brands acquired from The Coca-Cola Company in 2015 and affordable brands like Predator® and Fury®, primarily generates revenues by selling concentrates and beverage bases to authorized bottling operations, which then distribute ready-to-drink products through similar retail channels. The Alcohol Brands segment sells kegged and ready-to-drink canned beers, flavored malt beverages and hard seltzers primarily to beer distributors in the United States, with lower gross profit margins than the energy drink segments. The company's business model relies on brand strength and product innovation, with the Monster Energy brand recognized as the fastest-growing FMCG brand by value in Western European markets, and operates manufacturing facilities in Norwalk and Phoenix to support production capacity.
【Modest cost pressures ahead】 Management expects continued modest sequential increases in aluminum and freight costs through at least the end of 2026, with tariffs recognized through higher Midwest Premium pricing, while implementing hedging strategies to mitigate exposure. Pricing actions implemented in late 2025 are performing in line with expectations with limited volume sensitivity, supported by the energy drink category's favorable value proposition relative to other non-alcoholic ready-to-drink beverages. The company continues to evaluate pricing opportunities both domestically and internationally as it monitors category performance, consumer tolerance, and retailer reactions across different channels and package mixes. International expansion remains a focus, with recent launches in Thailand exceeding expectations and continued growth of affordable brands in emerging markets including Egypt, Kenya, Nigeria, and Morocco, while the company remains optimistic about long-term prospects in Asia Pacific.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Operating segment | $5.22B | $5.83B | $6.56B | $6.86B | $7.67B | 35% |
Monster Energy Drinks | $5.22B | $5.83B | $6.56B | $6.86B | $7.67B | 35% |
U.S. and Canada | $3.46B | $3.81B | $4.20B | $4.32B | $4.70B | 21% |
Latin America and Caribbean | $315M | $495M | $611M | $645M | $677M | 3% |
Asia Pacific (including Oceania) | $446M | $427M | $484M | $500M | $581M | 3% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.8B | 8.3B | 7.5B | 7.1B | 6.3B | 5.5B |
| Net Income | 2.0B | 1.9B | 1.5B | 1.6B | 1.2B | 1.4B |
| EPS | $2.08 | $1.94 | $1.49 | $1.54 | $0.56 | $1.30 |
| Free Cash Flow | 2.1B | 2.0B | 1.7B | 1.5B | 699M | 1.1B |
| ROIC | 34.4% | 36.2% | 29.8% | 32.8% | 30.6% | 41.7% |
| Gross Margin | 55.5% | 55.8% | 54.0% | 53.1% | 50.3% | 56.1% |
| Debt/Equity | -0.00 | -0.00 | 0.07 | 0.01 | 0.00 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 2.6B | 2.4B | 1.9B | 2.0B | 1.6B | 1.8B |
| Operating Margin | 29.3% | 29.2% | 25.8% | 27.4% | 25.1% | 32.4% |
| ROE | 23.3% | 26.8% | 21.3% | 21.4% | 17.5% | 23.5% |
| Shares Outstanding | 978M | 982M | 1,013M | 1,059M | 2,128M | 1,059M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.5B | 2.7B | 3.0B | 3.4B | 3.8B | 4.2B | 4.6B | 5.5B | 6.3B | 7.1B | 7.5B | 8.3B | 8.8B |
| Gross Margin | 54.4% | 60.0% | 63.7% | 63.5% | 60.3% | 60.0% | 59.2% | 56.1% | 50.3% | 53.1% | 54.0% | 55.8% | 55.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 592M | 739M | 857M | 939M | 1.0B | 1.1B | 1.1B | 1.3B | 1.6B | 1.8B | 2.1B | 2.2B | 2.2B |
| EBIT | 748M | 894M | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.8B | 1.6B | 2.0B | 1.9B | 2.4B | 2.6B |
| Op. Margin | 30.3% | 32.8% | 35.6% | 35.6% | 33.7% | 33.4% | 35.5% | 32.4% | 25.1% | 27.4% | 25.8% | 29.2% | 29.3% |
| Net Income | 483M | 547M | 713M | 821M | 993M | 1.1B | 1.4B | 1.4B | 1.2B | 1.6B | 1.5B | 1.9B | 2.0B |
| Net Margin | 19.6% | 20.1% | 23.4% | 24.4% | 26.1% | 26.4% | 30.7% | 24.9% | 18.9% | 22.8% | 20.1% | 23.0% | 23.1% |
| Non-Recurring | 0 | 161M | 204K | 1.2M | 783K | 252K | 350K | 1.0M | 185K | -166K | 83M | -2.8M | -2.8M |
| Returns on Capital | |||||||||||||
| ROIC | 133.2% | 29.0% | 31.0% | 30.2% | 36.8% | 39.6% | 47.6% | 41.7% | 30.6% | 32.8% | 29.8% | 36.2% | 34.4% |
| ROE | 31.9% | 11.4% | 17.5% | 22.7% | 26.5% | 28.5% | 30.2% | 23.5% | 17.5% | 21.4% | 21.3% | 26.8% | 23.3% |
| ROA | 24.9% | 9.8% | 14.7% | 18.4% | 21.3% | 22.9% | 24.8% | 19.7% | 14.8% | 18.1% | 17.3% | 21.5% | 18.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 586M | 523M | 701M | 988M | 1.2B | 1.1B | 1.4B | 1.2B | 888M | 1.7B | 1.9B | 2.1B | 2.2B |
| Free Cash Flow | 558M | 487M | 602M | 904M | 1.1B | 1.0B | 1.3B | 1.1B | 699M | 1.5B | 1.7B | 2.0B | 2.1B |
| Owner Earnings | 531M | 459M | 615M | 887M | 1.0B | 990M | 1.2B | 1.0B | 762M | 1.6B | 1.8B | 1.9B | 1.9B |
| CapEx | 28M | 36M | 100M | 83M | 62M | 102M | 49M | 44M | 189M | 221M | 264M | 132M | 124M |
| Maint. CapEx | 26M | 31M | 41M | 49M | 57M | 61M | 57M | 50M | 61M | 69M | 80M | 114M | 118M |
| Growth CapEx | 2.3M | 4.7M | 59M | 35M | 5.0M | 41M | 0 | 0 | 127M | 153M | 184M | 18M | 5.8M |
| D&A | 26M | 31M | 41M | 49M | 57M | 61M | 57M | 50M | 61M | 69M | 80M | 114M | 118M |
| CapEx/OCF | 4.8% | 6.8% | 14.2% | 8.4% | 5.3% | 9.1% | 3.6% | 3.8% | 21.3% | 12.9% | 13.7% | 6.3% | 5.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 8.2M | 808M | 2.3B | 361M | 1.3B | 707M | 596M | 14M | 771M | 659M | 3.8B | 104M | 221M |
| Buyback Yield | 0.0% | 2.8% | 8.4% | 1.0% | 4.9% | 2.0% | 1.2% | 0.0% | 1.4% | 1.1% | 7.1% | 0.1% | 0.2% |
| Stock-Based Comp | 29M | 33M | 46M | 52M | 57M | 63M | 70M | 70M | 64M | 69M | 91M | 126M | 133M |
| Debt Repayment | 1.6M | 1.1M | 2.4M | 2.6M | 1.9M | 14M | 3.1M | 2.9M | 75K | 14M | 375M | 375M | 375M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | -596M | -1.2B | -956M | -1.3B | -2.1B | -3.1B | -2.7B | -3.2B | -1.1B | -2.8B | -3.0B |
| Cash & Equiv. | 370M | 2.2B | 378M | 529M | 638M | 798M | 1.2B | 1.3B | 1.3B | 2.3B | 1.5B | 2.1B | 3.0B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 41K | 19K | 374M | N/A | -2.1M |
| Debt/Equity | 0.28 | 0.16 | 0.00 | 0.00 | 0.00 | 0.01 | -0.00 | 0.00 | 0.00 | 0.01 | 0.07 | -0.00 | -0.00 |
| Interest Coverage | 21985.4 | 30815.6 | 15960.9 | 15983.8 | 21393.7 | 25052.5 | 41875.7 | 94603.5 | 66030.0 | 7660.2 | 8503.5 | 453.3 | 453.3 |
| Equity | 1.5B | 4.8B | 3.3B | 3.9B | 3.6B | 4.2B | 5.2B | 6.6B | 7.0B | 8.2B | 6.0B | 8.3B | 8.7B |
| Total Assets | 1.9B | 5.6B | 4.2B | 4.8B | 4.5B | 5.2B | 6.2B | 7.8B | 8.3B | 9.7B | 7.7B | 10.0B | 10.8B |
| Total Liabilities | 424M | 762M | 824M | 896M | 916M | 979M | 1.0B | 1.2B | 1.3B | 1.5B | 1.8B | 1.7B | 87M |
| Intangibles | 51M | 428M | 1.0B | 1.0B | 1.0B | 1.1B | 1.1B | 1.1B | 1.2B | 1.4B | 1.4B | 1.4B | 1.4B |
| Retained Earnings | 2.3B | 1.4B | 2.1B | 2.9B | 3.9B | 5.0B | 6.4B | 7.8B | 9.0B | 5.9B | 7.4B | 9.4B | 9.9B |
| Working Capital | 1.3B | 3.2B | 962M | 1.5B | 1.2B | 1.7B | 2.4B | 3.7B | 3.8B | 4.4B | 2.5B | 3.9B | 4.1B |
| Current Assets | 1.7B | 3.6B | 1.4B | 2.1B | 1.8B | 2.3B | 3.1B | 4.7B | 4.8B | 5.6B | 3.6B | 5.4B | 5.9B |
| Current Liabilities | 356M | 410M | 471M | 560M | 601M | 661M | 750M | 965M | 1.0B | 1.2B | 1.1B | 1.4B | 1.8B |
| Per Share Data | |||||||||||||
| EPS | 0.46 | 0.48 | 0.20 | 0.71 | 0.88 | 1.02 | 1.32 | 1.30 | 0.56 | 1.54 | 1.49 | 1.94 | 2.08 |
| Owner EPS | 0.51 | 0.40 | 0.17 | 0.77 | 0.93 | 0.91 | 1.16 | 0.98 | 0.36 | 1.49 | 1.73 | 1.89 | 1.99 |
| Book Value | 1.45 | 4.18 | 0.93 | 3.37 | 3.20 | 3.82 | 4.83 | 6.20 | 3.30 | 7.77 | 5.88 | 8.40 | 8.92 |
| Cash Flow/Share | 0.56 | 0.45 | 0.20 | 0.85 | 1.03 | 1.02 | 1.28 | 1.09 | 0.42 | 1.62 | 1.90 | 2.14 | 2.20 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 1.0B | 1.2B | 3.6B | 1.2B | 1.1B | 1.1B | 1.1B | 1.1B | 2.1B | 1.1B | 1.0B | 982.2M | 977.9M |
| Valuation | |||||||||||||
| P/E Ratio | 40.3 | 52.0 | 37.7 | 44.3 | 27.9 | 31.3 | 34.4 | 36.8 | 45.2 | 37.3 | 35.3 | 39.9 | 45.0 |
| P/FCF | 34.9 | 58.3 | 134.1 | 40.2 | 25.2 | 34.3 | 36.9 | 45.1 | 154.2 | 40.6 | 32.0 | 38.6 | 44.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 23.8 | N/A | N/A | 32.3 | 29.5 | 27.0 | N/A | 34.3 |
| Price/Book | 12.8 | 5.9 | 8.1 | 9.3 | 7.7 | 8.3 | 9.4 | 7.7 | 7.7 | 7.4 | 8.9 | 9.2 | 10.5 |
| Price/Sales | 5.7 | 9.6 | 9.4 | 8.8 | 8.6 | 7.7 | 8.5 | 8.9 | 7.6 | 8.1 | 7.2 | 7.3 | 10.4 |
| FCF Yield | 2.9% | 1.7% | 2.2% | 2.5% | 4.0% | 2.9% | 2.7% | 2.2% | 1.3% | 2.5% | 3.1% | 2.6% | 2.3% |
| Market Cap | 19.5B | 28.4B | 26.9B | 36.4B | 27.7B | 34.7B | 48.5B | 50.8B | 53.9B | 60.8B | 53.2B | 75.9B | 91.4B |
| Avg. Price | 13.32 | 22.65 | 23.86 | 25.78 | 28.87 | 29.53 | 36.48 | 45.84 | 45.00 | 54.55 | 53.23 | 61.72 | 93.49 |
| Year-End Price | 18.58 | 24.69 | 22.45 | 31.46 | 24.52 | 31.78 | 45.40 | 47.35 | 50.66 | 57.42 | 52.55 | 77.31 | 93.49 |
Monster Beverage Corp passes 6 of 9 quality checks, suggesting mixed fundamentals.
Monster Beverage Corp trades at 48.2x trailing earnings, compared to its 15-year median P/E of 37.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 46.7x vs a median of 37.7x. The company's 5-year average ROIC is 34.2% with a gross margin of 53.9%. Total shareholder yield (buybacks) is 0.2%. At current prices, the estimated annualized return to fair value is +9.1%.
Monster Beverage Corp (MNST) reported annual revenue of $8.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Monster Beverage Corp (MNST) has a net profit margin of 23.0%. This is a strong margin indicating high profitability.
Monster Beverage Corp (MNST) generated $2.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Monster Beverage Corp (MNST) reported earnings per share (EPS) of $1.94 in its most recent fiscal year.
Monster Beverage Corp (MNST) has a return on equity (ROE) of 26.8%. This indicates the company generates strong returns for shareholders.
Monster Beverage Corp (MNST) has a 5-year average gross margin of 53.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for Monster Beverage Corp (MNST), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Monster Beverage Corp (MNST) has a book value per share of $8.40, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued modest sequential increases in aluminum and freight costs through at least the end of 2026, with tariffs recognized through higher Midwest Premium pricing, while implementing hedging strategies to mitigate exposure. Pricing actions implemented in late 2025 are performing in line with expectations with limited volume sensitivity, supported by the energy drink category's favorable value proposition relative to other non-alcoholic ready-to-drink beverages. The company continues to evaluate pricing opportunities both domestically and internationally as it monitors category performance, consumer tolerance, and retailer reactions across different channels and package mixes. International expansion remains a focus, with recent launches in Thailand exceeding expectations and continued growth of affordable brands in emerging markets including Egypt, Kenya, Nigeria, and Morocco, while the company remains optimistic about long-term prospects in Asia Pacific.
No recent press releases.