FirmAtlas
Company handbook · MNST · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
MNST · CIK 865752 · LATEST FILING: 10-Q JUN '26 · FILED AUG 7, 2026
Monster Beverage Corp
$45.73
+0.39 (+0.86%)
Close, Oct 16, 2026 · 52-week $33–50
Monster Beverage makes energy drinks — Monster Energy, Reign, Bang and others — and some alcoholic drinks. Outside firms bottle most of the drinks for it.
Business
- SegmentsMonster Energy Drinks 92% · Strategic Brands 6% · Alcohol Brands 2% · All Other Segments 0% (FY25)
- RegionsUS and Canada 61% · EMEA 23% · Latin America and Caribbean 8% · Asia-Pacific 8% (FY25)
- CustomersConsumers; sold mainly through Coca-Cola bottlers and other distributors to grocery, convenience and club stores, restaurants and others, worldwide
- Cash useFY24–FY25: buybacks $3.9B · capex $396M
Reinvested 10% of operating cash flow · returned 107% of free cash flow
Last fiscal year
Monster Beverage Corp reported revenue of $8.3B for the year ended Dec 31, 2025 (FY25), up 10.7% from FY24. Net income was $1.9B, operating cash flow $2.1B and free cash flow $2.0B. Source: 10-K filed Feb 27, 2026.
Market cap
$89.5B
P/E
42.0
EV/EBITDA
34.2x
P/B
9.6
ROIC
36.1%
Revenue 1Y
10.7%/yr
EPS 1Y
25.6%/yr
Shares 1Y
+0.5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOHilton H. Schlosberg
HQCorona, CA
AuditorErnst & Young LLP
Year endsDecember
Revenue by segment · FY25
Monster Energy Drinks92%
Strategic Brands6%
Alcohol Brands2%
All Other Segments0%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
14.2%
16.4%
23.4%
30.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.3B deployed
Capex
$396M
9.3%
Buybacks
$3.9B
90.7%
Operating cash flow over the period: $4.0B. Total debt changed by $0M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY21).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
7,493
8,294+10.7%
9,219
YoY
+10.7%
Gross profit
4,049
4,632+14.4%
5,121
Gross margin
54.0%
55.8%+1.8 pp
—
Operating income
1,930
2,419+25.3%
2,688
Operating margin
25.8%
29.2%+3.4 pp
—
EBITDA
2,011
2,534+26.0%
—
EBITDA margin
26.8%
30.5%+3.7 pp
—
Interest expense
25
5−78.9%
—
Interest coverage
79.57x
474.76x+395.19x
—
Net income
1,509
1,905+26.3%
2,128
YoY
+26.3%
Net margin
20.1%
23.0%+2.8 pp
—
EPS (diluted, $)
1.55
1.95+25.6%
—
YoY
+25.6%
Balance sheet
Total assets
7,719
9,989+29.4%
11,382
Cash & short-term investments
1,533
2,765+80.3%
—
Accounts receivable
1,222
1,618+32.5%
—
Inventory
737
800+8.5%
—
Net PP&E
1,047
1,082+3.3%
—
Other assets
3,180
3,725+17.1%
—
Total liabilities
1,761
1,735−1.5%
2,018
Accounts payable
467
566+21.3%
—
Total debt
378
—
—
Other liabilities
916
1,169+27.5%
—
Shareholders’ equity
5,958
8,254+38.5%
9,364
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,929
2,098+8.8%
2,239
Net income
1,509
1,905+26.3%
—
Depreciation & amortization
80
114+42.3%
—
Stock-based compensation
91
126+38.1%
—
Working capital & other
248
(47)−119.1%
—
Cash from investing
734
(1,317)−279.5%
—
Capex
(264)
(132)n/m
—
PP&E sold
3
4+57.4%
—
Investments bought
(342)
(1,269)n/m
—
Other investing
1,337
80−94.0%
—
Cash from financing
(3,329)
(324)n/m
—
Buybacks
(3,772)
(104)n/m
—
Shares issued
79
165+108.4%
—
Other financing
364
(385)−205.9%
—
Net change in cash
(764)
555n/m
—
Free cash flow (OCF − capex)
1,664
1,966+18.1%
2,098
Where the cash went
Operating cash flow
1,929
2,098+8.8%
2,239
Reinvested in the business
264
132−49.9%
—
% of operating cash flow
13.7%
6.3%
Capex
264
132−49.9%
141
Free cash flow
1,664
1,966+18.1%
2,098
YoY
+18.1%
Returned to shareholders
3,772
104−97.3%
—
% of free cash flow
226.6%
5.3%
Buybacks
3,772
104−97.3%
—
FCF conversion (FCF ÷ net income)
110.3%
103.2%−7.1 pp
—
Owner earnings
—
1,528
—
Owner earnings margin
—
18.4%
—
Returns & ratios
ROIC (all capital)
30.5%
36.1%+5.6 pp
—
ROIC (operating)
57.7%
67.9%+10.2 pp
—
Net debt / EBITDA
−0.57x
—
—
Debt / equity
0.06x
—
—
Cash conversion cycle (days)
88
94+6 d
—
ROE
25.3%
23.1%−2.2 pp
—
ROA
19.5%
19.1%−0.5 pp
—
ROCE
29.2%
28.3%−0.8 pp
—
NOPAT
1,464
1,857+26.8%
—
Invested capital (operating)
2,539
2,933+15.5%
—
Invested capital (all)
4,803
5,489+14.3%
—
Reinvestment rate
—
21.2%
—
Debtor days
60
71+12 d
—
Inventory days
78
80+2 d
—
Days payable
49
56+7 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,197
2,131
2,353
2,537
vs year-ago quarter
Gross profit
1,224
1,183
1,293
1,420
Gross margin
55.7%
55.5%
55.0%
55.9%
Operating income
675
543
730
740
Net income
524
449
569
585
vs year-ago quarter
Net margin
23.9%
21.1%
24.2%
23.0%
EPS (diluted, $)
—
0.46
—
—
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
9,611
9,989
10,844
11,382
Cash & equivalents
2,293
2,765
2,040
2,192
Shareholders’ equity
7,745
8,254
8,727
9,364
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
745
379
605
509
Capex
44
28
21
48
Free cash flow
702
351
584
461
vs year-ago quarter