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%
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

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 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 41.92 (above 35: high)
Fwd P/E 39.70 (above 35: high)
P/S ratio 9.70
P/B ratio 9.55 (above 6: high)
Past 5Y EPS Growth 8.01%
This Y EPS Growth 12.60%
Next Y EPS Growth 13.07%
Next Y revenue growth 17.33% (at or above 10%: strong)
Next 5Y EPS Growth 12.85%

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

Valuation vs history

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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Monster Beverage Corporation vs peers in Beverages Non Alcoholic (Q) = latest quarter vs a year earlier

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 →

MNST metrics, ten years each

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.

Source: company filings (standardised) and stockrow calculations.

Monster Beverage Corporation (MNST) Latest News

16 Oct

stockrow.com/MNST · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com