Saturday 17 October 2026 Export MNST’s income statement to Excel — free account

Monster Beverage Corporation

MNST Consumer Defensive Beverages Non Alcoholic

Monster Beverage Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.3 billion, up 10.7% from fiscal 2024. In the quarter to June 2026, revenue grew 20.2%, EPS grew 20.0% and free cash flow grew 8.01%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three.

45.69 0.35 +0.77%

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Market cap: $88.8B
P/E: 41.9×
Fwd P/E: 39.7×
Dividend yield: —
F-score: 9/9
Altman Z: 29.29
Beneish M: −2.29
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Officer departure Sep 25, 2026

All filings →

Insider Decisions trades per month

Total sells 36.21

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	2	—	—	1	—	3	1	—	—	—	—

Insider Ownership 28.98%

Capital & Financial Ratios $m

Market Cap 88,820.00

Revenue 9,218.96

Net Income 2,127.67

Free Cash Flow 2,086.37

Net Debt (3,419.26)

Current Ratio 3.73

Debt/Equity 0.00

P/E ratio 41.92

Fwd P/E 39.70

P/S ratio 9.70

P/B ratio 9.55

Past 5Y EPS Growth 8.01%

This Y EPS Growth 12.60%

Next Y EPS Growth 13.07%

Next Y revenue growth 17.33%

Next 5Y EPS Growth 12.85%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 80.35%

10-year low 10-year high

P/S against its own 10 years 79.28%

10-year low 10-year high

P/B against its own 10 years 88.65%

10-year low 10-year high

EV/Sales against its own 10 years 79.84%

10-year low 10-year high

EV/FCF against its own 10 years 79.11%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,253	1,533	2,765	3,419
Receivables	1,194	1,222	1,618	1,902
Inventory	971	737	800	868
Other	—	—	—	—
	5,589	3,642	5,361	6,405

	2023	2024	2025	Q'26
Payables	564	467	566	754
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,162	1,098	1,448	1,717

Compound Annual Growth %

	10y	5y	3y
Sales	11.78%	12.52%	9.54%
Cash Flow	14.91%	8.99%	33.21%
Earnings	13.30%	6.21%	16.94%
Book Value	5.55%	9.85%	5.52%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,353	2,537	—	—	—
’25	1,855	2,112	2,197	2,131	8,294
’24	1,899	1,901	1,881	1,812	7,493
’23	1,699	1,855	1,856	1,730	7,140
’22	1,519	1,655	1,624	1,513	6,311
’21	1,244	1,462	1,411	1,425	5,541
’20	1,062	1,094	1,246	1,196	4,599

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	605	509	—	—	—
’25	508	466	745	379	2,098
’24	412	436	618	462	1,929
’23	424	339	520	434	1,718
’22	0	131	459	299	888
’21	175	411	341	228	1,156
’20	191	249	509	415	1,364

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	582	460	—	—	—
’25	474	426	698	347	1,945
’24	338	379	557	350	1,625
’23	381	295	490	320	1,486
’22	(30)	52	428	227	677
’21	160	402	334	204	1,100
’20	173	225	490	410	1,298

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.29	0.30	—	—	—
’25	0.23	0.25	0.27	0.23	0.97
’24	0.21	0.21	0.19	0.14	0.75
’23	0.19	0.20	0.22	0.18	0.77
’22	0.14	0.13	0.15	0.14	0.56
’21	0.15	0.19	0.16	0.15	0.64
’20	0.13	0.15	0.16	0.22	0.66

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.42	10.26	11.90	11.96	12.52	20.23	17.95	23.57	21.66	22.85	Analyst estimates 2026–2028 Powerpack
	High	13.88	16.20	17.56	16.60	23.14	24.97	26.16	30.24	30.62	39.16
People
People	Employees	1,836	2,114	3,142	3,529	3,666	4,092	5,296	6,003	6,558	6,891
	Revenue/emp, $m	1.66	1.59	1.21	1.19	1.25	1.35	1.19	1.19	1.14	1.20
Income, $m
Income, $m	Revenue	3,049	3,369	3,807	4,201	4,599	5,541	6,311	7,140	7,493	8,294
	Gross margin, %	63.68	63.45	60.29	59.95	59.23	56.10	50.30	53.14	54.04	55.85
	EBT	1,080	1,202	1,293	1,416	1,626	1,801	1,572	2,068	1,989	2,483
	EBT margin, %	35.41	35.67	33.97	33.71	35.36	32.51	24.91	28.97	26.55	29.93
	Net income	713	821	993	1,108	1,410	1,377	1,192	1,631	1,509	1,905
	Depreciation	41	49	57	61	57	50	61	69	80	114
Per share, $
Per share, $	Revenue	1.30	1.49	1.71	1.94	2.17	2.62	3.00	3.42	3.73	4.25
	Earnings	0.30	0.36	0.45	0.51	0.67	0.65	0.57	0.78	0.75	0.98
	Cash flow	0.30	0.44	0.52	0.51	0.64	0.55	0.42	0.82	0.96	1.08
	Capex	(0.34)	(0.04)	(0.03)	(0.05)	(0.03)	(0.03)	(0.10)	(0.11)	(0.15)	(0.08)
	Free cash flow	(0.04)	0.40	0.49	0.46	0.61	0.52	0.32	0.71	0.81	1.00
	Book value	1.42	1.72	1.62	1.92	2.44	3.10	3.33	3.94	2.97	4.23
	Shares, m	2,351	2,267	2,229	2,169	2,119	2,115	2,107	2,090	2,009	1,952
Valuation, ×
Valuation, ×	P/E	37.54	43.26	27.82	31.16	34.77	36.80	44.63	37.56	35.28	39.32
	P/S	8.78	10.55	7.21	8.20	10.65	9.16	8.46	8.58	7.05	9.02
	P/B	8.04	9.13	7.60	8.26	9.49	7.73	7.60	7.44	8.86	9.07
	EV/Sales	8.59	10.19	6.95	7.89	10.21	8.61	8.04	8.13	6.89	8.71
	EV/FCF	(285.68)	38.33	24.26	33.00	36.16	43.40	74.95	39.05	31.78	37.16
Cash, $m
Cash, $m	Operating cash flow	701	988	1,162	1,114	1,364	1,156	888	1,718	1,929	2,098
	Capex	(793)	(92)	(71)	(109)	(66)	(56)	(211)	(232)	(304)	(153)
	Free cash flow	(92)	896	1,091	1,005	1,298	1,100	677	1,486	1,625	1,945
Balance, $m
Balance, $m	Working capital	962	1,526	1,203	1,655	2,391	3,717	3,763	4,427	2,544	3,913
	Total debt	—	6	12	25	16	17	30	—	374	—
	Net debt	(598)	(1,202)	(958)	(1,306)	(2,046)	(3,059)	(2,639)	(3,253)	(1,159)	(2,765)
	Shareholders’ equity	3,330	3,895	3,611	4,171	5,161	6,567	7,025	8,229	5,958	8,254
Returns, %
Returns, %	ROA	14.66	18.35	21.31	22.90	24.83	19.67	14.80	18.14	17.34	21.52
	ROIC	24.83	27.82	30.24	30.60	32.77	32.03	22.58	24.54	25.14	27.55
	ROE	17.51	22.72	26.46	28.47	30.21	23.49	17.53	21.38	21.27	26.81

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KO CocaCola Company (The)	$395.8B	28.1×	24.2×	+6.74% (above 0%: growing)	+15.73% (above 0%: growing)	+51.42% (above 0%: growing)	62.89%	34.92%	Compare
PEP PepsiCo, Inc.	$175.0B	16.5×	17.5×	+5.59% (above 0%: growing)	+18.46% (above 0%: growing)	+1,051.60% (above 0%: growing)	54.42%	16.86%	Compare
MNST Monster Beverage Corporation	$88.8B	41.9×	39.7×	+20.17% (above 0%: growing)	+20.00% (above 0%: growing)	+8.01% (above 0%: growing)	55.95%	29.18%
CCEP Coca-Cola Europacific Partners	$48.7B	15.3×	18.7×	+36.01% (above 0%: growing)	+209.23% (above 0%: growing)	−33.36% (below 0%: shrinking)	35.80%	0.00%	Compare
KDP Keurig Dr Pepper, Inc	$46.5B	35.0×	15.0×	+75.57% (above 0%: growing)	−90.00% (below 0%: shrinking)	+120.43% (above 0%: growing)	41.95%	8.59%	Compare
COKE Coca-Cola Consolidated, Inc.	$13.6B	27.7×	— (loss-making)	+10.61% (above 0%: growing)	+11.16% (above 0%: growing)	−15.07% (below 0%: shrinking)	37.93%	13.22%	Compare
CELH Celsius Holdings Inc.	$7.1B	117×	18.9×	+10.64% (above 0%: growing)	−57.58% (below 0%: shrinking)	+479.43% (above 0%: growing)	48.13%	9.20%	Compare
KOF Coca Cola Femsa S.A.B. de C.V.	$6.1B	18.8×	15.7×	+17.31% (above 0%: growing)	+30.77% (above 0%: growing)	−24.76% (below 0%: shrinking)	47.09%	13.96%	Compare
COCO Vita Coco Company, Inc.	$3.3B	30.8×	43.2×	+28.08% (above 0%: growing)	+115.00% (above 0%: growing)	+287.22% (above 0%: growing)	48.72%	29.21%	Compare
Median of peers	$30.1B	27.9×	18.7×	+13.97%	+17.10%	+85.93%	47.61%	13.59%

All 17 Beverages Non Alcoholic stocks →

Monster Beverage Corporation (MNST) key facts

Strength: Monster Beverage Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.3 billion, up 10.7% from fiscal 2024.
Strength: Net income was $1.9 billion, or $0.98 per share (basic), a net margin of 23.0%.
Monster Beverage Corporation (MNST) is a Beverages Non Alcoholic company in the Consumer Defensive sector, listed on Nasdaq.
As of October 16, 2026, MNST traded at $45.69, a market capitalization of $88.8 billion.
At that price the stock trades at 41.9× trailing-twelve-month earnings and 9.7× sales; its P/E is higher than 80% of its own readings over the past ten years.
Return on equity was 26.8% and debt-to-equity 0.00.
Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 29.29 (safe zone) for fiscal 2025.