Monster Beverage

Consumer Staples Soft Drinks & Non-alcoholic Beverages Corona, California Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$8.3B
                    3y CAGR +9.5%
                    
                    P97
                    
                    +10.7%
                    
                    Net income
                    FY2025
                
$1.9B
                    Net margin +23.0%
                    
                    P92
                    
                    +26.3%
                    
                    Total assets
                    FY2025
                
$10.0B
                    ROA +19.1%
                    
                    P97
                    
                    +29.4%
                    
                    Operating cash flow
                    FY2025
                
$2.1B
                    FCF margin +23.7%
                    
                    P94
                    
                    +8.8%

18 yrs · FY2008–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

26 accounts · 5 years

Total assets $10.0B

Total liabilities ~$1.7B

Shareholders equity $8.3B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$2.1B 36.2%	$1.5B -33.3%	$2.3B 75.8%	$1.3B -1.5%	$1.3B
Short Term Investments	$677.1M	$0 -100.0%	$955.6M -29.9%	$1.4B -22.1%	$1.7B
Accounts Receivable	$1.6B 32.5%	$1.2B 2.3%	$1.2B 17.5%	$1.0B 13.3%	$896.7M
Inventory	$799.6M 8.5%	$737.1M -24.1%	$971.4M 3.8%	$935.6M 57.7%	$593.4M
Prepaid Expenses	$178.2M 19.2%	$149.5M -12.3%	$170.3M 18.6%	$143.6M 23.9%	$115.9M
Total Current Assets	$5.4B 47.2%	$3.6B -34.8%	$5.6B 17.3%	$4.8B 1.8%	$4.7B
Property,Plant and Equipment	$1.1B 3.3%	$1.0B 17.5%	$890.8M 72.3%	$516.9M 64.7%	$313.8M
Goodwill	$1.3B 0.0%	$1.3B -6.1%	$1.4B 0.0%	$1.4B 6.5%	$1.3B
Intangible Assets	$1.4B -2.5%	$1.4B -0.9%	$1.4B 16.9%	$1.2B 13.8%	$1.1B
Long Term Investments	$487.3M	$0 -100.0%	$76.4M 24.4%	$61.4M -38.2%	$99.4M
Deferred Tax Assets	$188.6M 2.4%	$184.3M 5.3%	$175.0M -1.2%	$177.0M -21.4%	$225.2M
Other Noncurrent Assets	$159.4M 58.8%	$100.4M -8.9%	$110.2M -18.0%	$134.5M 67.6%	$80.3M
Total Assets	$10.0B 29.4%	$7.7B -20.3%	$9.7B 16.8%	$8.3B 6.3%	$7.8B
Liabilities
Accounts Payable	$566.0M 21.3%	$466.8M -17.3%	$564.4M 27.0%	$444.3M 9.9%	$404.3M
Accrued Liabilities	$836.5M 43.0%	$584.9M 5.3%	$555.4M 8.0%	$514.4M -0.7%	$518.3M
Deferred Revenue	$45.3M -1.1%	$45.8M 9.3%	$41.9M -3.2%	$43.3M 1.8%	$42.5M
Total Current Liabilities	$1.4B 31.9%	$1.1B -5.5%	$1.2B 15.9%	$1.0B 3.8%	$965.1M
Deferred Revenue Noncurrent	$160.0M -10.6%	$179.0M -12.4%	$204.3M -8.7%	$223.8M -8.0%	$243.2M
Other Noncurrent Liabilities	$127.1M 14.6%	$110.9M 20.7%	$91.8M 117.2%	$42.3M 43.3%	$29.5M
Equity
Common Stock	$5.7M 0.6%	$5.6M 0.3%	$5.6M -12.5%	$6.4M 100.6%	$3.2M
Additional Paid In Capital	$5.4B 5.6%	$5.1B 3.4%	$5.0B 4.2%	$4.8B 2.7%	$4.7B
Retained Earnings	$9.4B 25.6%	$7.4B 25.4%	$5.9B -34.0%	$9.0B 15.3%	$7.8B
Treasury Stock	$6.5B 1.6%	$6.4B 148.3%	$2.6B -61.1%	$6.6B 13.2%	$5.8B
Accumulated Other Comprehensive Income	$-60.8M 77.4%	$-269.5M -115.0%	$-125.3M 21.2%	$-159.1M -130.0%	$-69.2M
Total Stockholders Equity	$8.3B 38.5%	$6.0B -27.6%	$8.2B 17.1%	$7.0B 7.0%	$6.6B
Total Liabilitiesand Equity	$10.0B 29.4%	$7.7B -20.3%	$9.7B 16.8%	$8.3B 6.3%	$7.8B

Income Statement

Revenue, expense, and profitability

11 accounts · 5 years

Revenue $8.3B

Operating income $2.4B

Net income $1.9B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$8.3B 10.7%	$7.5B 4.9%	$7.1B 13.1%	$6.3B 13.9%	$5.5B
Expenses Cost of Revenue	$3.7B 6.3%	$3.4B 2.9%	$3.3B 6.7%	$3.1B 28.9%	$2.4B
Other Income Expense Gross Profit	$4.6B 14.4%	$4.0B 6.7%	$3.8B 19.5%	$3.2B 2.1%	$3.1B
Expenses Operating Expenses	$2.2B 4.4%	$2.1B 15.1%	$1.8B 15.8%	$1.6B 21.3%	$1.3B
Other Income Expense Operating Income	$2.4B 25.3%	$1.9B -1.2%	$2.0B 23.3%	$1.6B -11.8%	$1.8B
Other Income Expense Other Income/expense	$63.2M 6.8%	$59.2M -48.6%	$115.1M 1002.5%	$-12.8M -422.8%	$4.0M
Other Income Expense Income Before Tax	$2.5B 24.8%	$2.0B -3.8%	$2.1B 31.6%	$1.6B -12.7%	$1.8B
Income Tax Income Tax Expense	$577.1M 20.1%	$480.4M 9.8%	$437.5M 15.0%	$380.3M -10.3%	$423.9M
net Income net Income	$1.9B 26.3%	$1.5B -7.5%	$1.6B 36.9%	$1.2B -13.5%	$1.4B
net Income Comprehensive Income	$2.1B 54.9%	$1.4B -18.0%	$1.7B 51.1%	$1.1B -15.6%	$1.3B
Earnings Per Share Weighted Average Shares Diluted	$984.5M -2.8%	$1.0B -4.2%	$1.1B -0.8%	$1.1B -0.5%	$1.1B

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $2.1B

Investing cash flow $-1.3B

Financing cash flow $-324.4M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$1.9B 26.3%	$1.5B -7.5%	$1.6B 36.9%	$1.2B -13.5%	$1.4B
Operating Activities Depreciation and Amortization	$114.4M 42.3%	$80.4M 16.7%	$68.9M 12.5%	$61.2M 22.1%	$50.2M
Operating Activities Stock Based Compensation	$125.7M 38.1%	$91.0M 32.2%	$68.8M 7.4%	$64.1M -9.0%	$70.5M
Operating Activities Deferred Income Taxes	$4.2M 136.0%	$-11.7M -673.8%	$2.0M -95.8%	$48.2M 193.3%	$16.4M
Operating Activities Changes In Operating Assets and Liabilities	$-120.2M -211.7%	$107.6M 279.8%	$-59.9M 87.7%	$-486.8M -34.5%	$-361.9M
Operating Activities Other Non Cash Items	$68.6M -54.9%	$152.1M 2128.4%	$6.8M -27.0%	$9.4M 202.3%	$3.1M
Operating Activities net Cash From Operating Activities	$2.1B 8.8%	$1.9B 12.3%	$1.7B 93.5%	$887.7M -23.2%	$1.2B
Investing Activities Capital Expenditures	$-132.3M 49.9%	$-264.1M -19.3%	$-221.4M -17.3%	$-188.7M -330.2%	$-43.9M
Investing Activities Purchases of Investments	$-1.3B -270.9%	$-342.1M 78.9%	$-1.6B 12.3%	$-1.8B 23.5%	$-2.4B
Investing Activities Proceeds From Sale of Investments	$105.8M -92.3%	$1.4B -32.1%	$2.0B -9.9%	$2.3B 51.3%	$1.5B
Investing Activities Other Investing Activities	$-21.4M 43.8%	$-38.0M -115.9%	$-17.6M 63.7%	$-48.5M -105.2%	$-23.6M
Investing Activities net Cash From Investing Activities	$-1.3B -279.5%	$733.7M 479.4%	$-193.4M -19.8%	$-161.4M 83.7%	$-992.0M
Financing Activities Repayment of Debt	$-385.3M -0.6%	$-383.2M -2654.2%	$-13.9M -18652.0%	$75.0K -97.4%	$2.9M
Financing Activities Repurchase of Common Stock	$-103.6M 97.3%	$-3.8B -472.4%	$-659.0M 14.5%	$-771.0M -5475.0%	$-13.8M
Financing Activities Proceeds From Stock Issuance	$164.6M 108.4%	$79.0M -39.4%	$130.3M 103.5%	$64.0M 40.0%	$45.7M
Financing Activities net Cash From Financing Activities	$-324.4M 90.3%	$-3.3B -513.5%	$-542.6M 23.2%	$-706.9M -2130.2%	$34.8M
Cash Reconciliation Effect of Exchange Rate On Cash	$97.9M 200.2%	$-97.6M -1212.5%	$8.8M 122.7%	$-38.7M 26.2%	$-52.5M
Cash Reconciliation net Change In Cash	$554.8M 172.6%	$-764.4M -177.2%	$990.5M 5226.7%	$-19.3M -113.2%	$146.0M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+55.8%	+54.0%	+53.1%	+50.3%	+56.1%
Operating margin	+29.2%	+25.8%	+27.4%	+25.1%	+32.4%
Net margin	+23.0%	+20.1%	+22.8%	+18.9%	+24.9%
FCF margin	+23.7%	+22.2%	+21.0%	+11.1%	+20.1%
Growth
Revenue CAGR (3y)	+9.5%	+10.6%	+15.8%	+14.5%	+13.3%
Returns
ROE	+23.1%	+25.3%	+19.8%	+17.0%	+21.0%
ROA	+19.1%	+19.5%	+16.8%	+14.4%	+17.6%
ROIC	—	+30.5%	—	—	—
Liquidity
Current ratio	3.70x	3.32x	4.81x	4.76x	4.85x
Quick ratio	2.56x	2.51x	3.01x	2.32x	2.30x
Leverage
D/E	0.21x	0.30x	0.18x	0.18x	0.19x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.83x	0.97x	0.74x	0.76x	0.71x
Cash conversion cycle	+94d	+88d	+105d	+116d	+87d

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FY2025 fundamentals · no price

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Monster Beverage

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