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%
                    
                    P91
                    
                    +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 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

29 accounts · 10 years

Total assets $10.0B

Total liabilities $1.4B

Shareholders equity $8.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	$2.1B 36.2%	$1.5B -33.3%	$2.3B 75.8%	$1.3B -1.5%	$1.3B 12.4%	$1.2B 47.9%	$798.0M 25.2%	$637.5M 20.6%	$528.6M 40.0%	$377.6M
Short Term Investments	$677.1M	$0 -100.0%	$955.6M -29.9%	$1.4B -22.1%	$1.7B 98.5%	$881.4M 65.3%	$533.1M 66.2%	$320.6M -52.4%	$672.9M 205.1%	$220.6M
Accounts Receivable	$1.6B 32.5%	$1.2B 2.3%	$1.2B 17.5%	$1.0B 13.3%	$896.7M 34.6%	$666.0M 23.3%	$540.3M 11.5%	$484.6M 7.8%	$449.5M 0.3%	$448.1M
Inventory	$799.6M 8.5%	$737.1M -24.1%	$971.4M 3.8%	$935.6M 57.7%	$593.4M 78.1%	$333.1M -7.7%	$360.7M 29.9%	$277.7M 8.6%	$255.7M 57.9%	$162.0M
Prepaid Expenses	$103.6M -3.5%	$107.3M -7.7%	$116.2M 5.8%	$109.8M 32.8%	$82.7M 49.3%	$55.4M 0.9%	$54.9M 22.2%	$44.9M 9.9%	$40.9M 25.5%	$32.6M
Other Current Assets	$159.4M 58.8%	$100.4M -8.9%	$110.2M -18.0%	$134.5M 67.6%	$80.3M 13.9%	$70.5M 30.6%	$54.0M 227.9%	$16.5M 18.2%	$13.9M -35.6%	$21.6M
Total Current Assets	$5.4B 47.2%	$3.6B -34.8%	$5.6B 17.3%	$4.8B 1.8%	$4.7B 49.1%	$3.1B 35.6%	$2.3B 28.4%	$1.8B -13.5%	$2.1B 45.7%	$1.4B
Property,Plant and Equipment	$1.1B 3.3%	$1.0B 17.5%	$890.8M 72.3%	$516.9M 64.7%	$313.8M -0.3%	$314.7M 5.4%	$298.6M 22.9%	$243.1M 5.5%	$230.3M 32.8%	$173.3M
Goodwill	$1.3B 0.0%	$1.3B -6.1%	$1.4B 0.0%	$1.4B 6.5%	$1.3B 0.0%	$1.3B 0.0%	$1.3B 0.0%	$1.3B 0.0%	$1.3B 0.0%	$1.3B
Intangible Assets	$1.4B -2.5%	$1.4B -0.9%	$1.4B 16.9%	$1.2B 13.8%	$1.1B 1.3%	$1.1B 0.7%	$1.1B 0.6%	$1.0B 1.1%	$1.0B 0.1%	$1.0B
Long Term Investments	$487.3M	—	$76.4M 24.4%	$61.4M -38.2%	$99.4M 124.5%	$44.3M 243.2%	$12.9M	—	$2.4M -1.2%	$2.4M
Deferred Tax Assets	$188.6M 2.4%	$184.3M 5.3%	$175.0M -1.2%	$177.0M -21.4%	$225.2M -6.8%	$241.7M 185.0%	$84.8M -65.9%	$248.8M 0.5%	$247.6M -30.5%	$356.2M
Other Noncurrent Assets	$159.4M 58.8%	$100.4M -8.9%	$110.2M -18.0%	$134.5M 67.6%	$80.3M 13.9%	$70.5M 30.6%	$54.0M 227.9%	$16.5M 18.2%	$13.9M -35.6%	$21.6M
Total Assets	$10.0B 29.4%	$7.7B -20.3%	$9.7B 16.8%	$8.3B 6.3%	$7.8B 25.8%	$6.2B 20.4%	$5.2B 13.8%	$4.5B -5.5%	$4.8B 15.3%	$4.2B
Liabilities
Accounts Payable	$566.0M 21.3%	$466.8M -17.3%	$564.4M 27.0%	$444.3M 9.9%	$404.3M 36.2%	$296.8M 8.3%	$274.0M 10.2%	$248.8M 1.2%	$245.9M 27.2%	$193.3M
Accrued Liabilities	$306.1M 38.6%	$220.8M 20.0%	$184.0M 6.4%	$173.0M -18.0%	$211.0M 47.9%	$142.7M 25.1%	$114.1M 1.4%	$112.5M 28.6%	$87.5M 10.0%	$79.5M
Deferred Revenue	$45.3M -1.1%	$45.8M 9.3%	$41.9M -3.2%	$43.3M 1.8%	$42.5M -6.4%	$45.4M 2.7%	$44.2M 0.4%	$44.0M 1.9%	$43.2M 3.8%	$41.7M
Other Current Liabilities	$127.1M 14.6%	$110.9M 20.7%	$91.8M 117.2%	$42.3M 43.3%	$29.5M 7.6%	$27.4M -10.1%	$30.5M 1063.9%	$2.6M 139.4%	$1.1M	—
Total Current Liabilities	$1.4B 31.9%	$1.1B -5.5%	$1.2B 15.9%	$1.0B 3.8%	$965.1M 28.7%	$750.0M 13.4%	$661.1M 10.0%	$601.1M 7.3%	$560.4M 19.1%	$470.6M
Deferred Revenue Noncurrent	$160.0M -10.6%	$179.0M -12.4%	$204.3M -8.7%	$223.8M -8.0%	$243.2M -8.0%	$264.4M -8.0%	$287.5M -7.9%	$312.2M -6.6%	$334.4M -5.3%	$353.2M
Other Noncurrent Liabilities	$127.1M 14.6%	$110.9M 20.7%	$91.8M 117.2%	$42.3M 43.3%	$29.5M 7.6%	$27.4M -10.1%	$30.5M 1063.9%	$2.6M 139.4%	$1.1M	—
Total Liabilities	$1.4B 31.9%	$1.1B -5.5%	$1.2B 15.9%	$1.0B 3.8%	$965.1M 28.7%	$750.0M 13.4%	$661.1M 10.0%	$601.1M 7.3%	$560.4M 19.1%	$470.6M
Equity
Common Stock	$5.7M 0.6%	$5.6M 0.3%	$5.6M 74.9%	$3.2M 0.3%	$3.2M 0.2%	$3.2M 0.3%	$3.2M 0.9%	$3.2M 0.3%	$3.1M 1.0%	$3.1M
Additional Paid In Capital	$5.4B 5.6%	$5.1B 3.4%	$5.0B 4.1%	$4.8B 2.7%	$4.7B 2.5%	$4.5B 3.2%	$4.4B 3.8%	$4.2B 2.1%	$4.2B 2.5%	$4.1B
Retained Earnings	$9.4B 25.6%	$7.4B 25.4%	$5.9B -34.0%	$9.0B 15.3%	$7.8B 21.4%	$6.4B 28.1%	$5.0B 28.3%	$3.9B 33.7%	$2.9B 38.9%	$2.1B
Treasury Stock	$103.6M -97.3%	$3.8B 477.5%	$659.0M -14.5%	$771.0M -86.8%	$5.8B 0.2%	$5.8B 11.4%	$5.2B 15.7%	$4.5B 42.3%	$3.2B 12.9%	$2.8B
Accumulated Other Comprehensive Income	$-60.8M 77.4%	$-269.5M -115.0%	$-125.3M 21.2%	$-159.1M -130.0%	$-69.2M -2379.7%	$3.0M 109.4%	$-32.4M 1.5%	$-32.9M -97.3%	$-16.7M 28.3%	$-23.2M
Total Stockholders Equity	$8.3B 38.5%	$6.0B -27.6%	$8.2B 17.1%	$7.0B 7.0%	$6.6B 27.2%	$5.2B 23.7%	$4.2B 15.5%	$3.6B -7.3%	$3.9B 17.0%	$3.3B
Total Liabilitiesand Equity	$10.0B 29.4%	$7.7B -20.3%	$9.7B 16.8%	$8.3B 6.3%	$7.8B 25.8%	$6.2B 20.4%	$5.2B 13.8%	$4.5B -5.5%	$4.8B 15.3%	$4.2B

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue $8.3B

Operating income $2.4B

Net income $1.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	$8.3B 10.7%	$7.5B 4.9%	$7.1B 13.1%	$6.3B 13.9%	$5.5B 20.5%	$4.6B 9.5%	$4.2B 10.3%	$3.8B 13.0%	$3.4B 10.5%	$3.0B
Expenses Cost of Revenue	$3.7B 6.3%	$3.4B 2.9%	$3.3B 6.7%	$3.1B 28.9%	$2.4B 29.8%	$1.9B 11.4%	$1.7B 11.3%	$1.5B 22.8%	$1.2B 11.2%	$1.1B
Expenses Selling,General and Administrative	$599.9M 2.7%	$584.1M 10.4%	$528.9M 14.8%	$460.7M 10.3%	$417.6M 20.8%	$345.7M -11.7%	$391.6M 10.7%	$353.9M 9.2%	$324.0M 19.7%	$270.6M
Expenses Depreciation and Amortization	$114.4M 42.3%	$80.4M 16.7%	$68.9M 12.5%	$61.2M 22.1%	$50.2M -12.1%	$57.0M -6.1%	$60.7M 6.6%	$57.0M 16.6%	$48.9M 19.7%	$40.8M
Expenses Share Based Compensation	$125.7M 38.1%	$91.0M 32.2%	$68.8M 7.4%	$64.1M -9.0%	$70.5M 0.3%	$70.3M 10.9%	$63.4M 10.9%	$57.1M 9.2%	$52.3M 14.0%	$45.8M
Expenses Operating Expenses	$2.2B 4.4%	$2.1B 15.1%	$1.8B 15.8%	$1.6B 21.3%	$1.3B 20.2%	$1.1B -2.2%	$1.1B 10.3%	$1.0B 7.8%	$938.9M 9.6%	$856.7M
Other Income Expense Gross Profit	$4.6B 14.4%	$4.0B 6.7%	$3.8B 19.5%	$3.2B 2.1%	$3.1B 14.1%	$2.7B 8.2%	$2.5B 9.7%	$2.3B 7.4%	$2.1B 10.1%	$1.9B
Other Income Expense Operating Income	$2.4B 25.3%	$1.9B -1.2%	$2.0B 23.3%	$1.6B -11.8%	$1.8B 10.1%	$1.6B 16.4%	$1.4B 9.3%	$1.3B 7.1%	$1.2B 10.5%	$1.1B
Other Income Expense Other Income/expense	$63.2M 6.8%	$59.2M -48.6%	$115.1M 1002.5%	$-12.8M -422.8%	$4.0M 156.5%	$-7.0M -153.7%	$13.0M 34.9%	$9.7M	—	—
Other Income Expense Income Before Tax	$2.5B 24.8%	$2.0B -3.8%	$2.1B 31.6%	$1.6B -12.7%	$1.8B 10.8%	$1.6B 14.8%	$1.4B 9.5%	$1.3B 7.6%	$1.2B 11.3%	$1.1B
Income Tax Income Tax Expense	$577.1M 20.1%	$480.4M 9.8%	$437.5M 15.0%	$380.3M -10.3%	$423.9M 95.8%	$216.6M -29.7%	$308.1M 2.6%	$300.3M -21.2%	$380.9M 3.8%	$367.0M
net Income net Income	$1.9B 26.3%	$1.5B -7.5%	$1.6B 36.9%	$1.2B -13.5%	$1.4B -2.3%	$1.4B 27.2%	$1.1B 11.6%	$993.0M 21.0%	$820.7M 15.2%	$712.7M
net Income Comprehensive Income	$2.1B 54.9%	$1.4B -18.0%	$1.7B 51.1%	$1.1B -15.6%	$1.3B -9.7%	$1.4B 30.4%	$1.1B 13.5%	$976.8M 18.1%	$827.3M 16.3%	$711.3M
Earnings Per Share Weighted Average Shares Basic	$975.9M -2.9%	$1.0B -3.9%	$1.0B -0.8%	$1.1B -0.4%	$1.1B 99.7%	$529.6M -2.3%	$542.2M -2.7%	$557.2M -1.7%	$566.8M -3.6%	$587.9M
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 100.3%	$534.8M -2.2%	$546.6M -3.1%	$564.3M -2.2%	$577.1M -3.8%	$599.8M

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 10 years

Operating cash flow $2.1B

Investing cash flow $-1.3B

Financing cash flow $-324.4M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	$1.9B 26.3%	$1.5B -7.5%	$1.6B 36.9%	$1.2B -13.5%	$1.4B -2.3%	$1.4B 27.2%	$1.1B 11.6%	$993.0M 21.0%	$820.7M 15.2%	$712.7M
Operating Activities Depreciation and Amortization	$114.4M 42.3%	$80.4M 16.7%	$68.9M 12.5%	$61.2M 22.1%	$50.2M -12.1%	$57.0M -6.1%	$60.7M 6.6%	$57.0M 16.6%	$48.9M 19.7%	$40.8M
Operating Activities Stock Based Compensation	$125.7M 38.1%	$91.0M 32.2%	$68.8M 7.4%	$64.1M -9.0%	$70.5M 0.3%	$70.3M 10.9%	$63.4M 10.9%	$57.1M 9.2%	$52.3M 14.0%	$45.8M
Operating Activities Deferred Income Taxes	$-2.2M 1.9%	$-2.3M -107.4%	$30.7M -32.5%	$45.5M 85.3%	$24.5M 116.2%	$-151.5M -5355.0%	$-2.8M -204.0%	$2.7M -95.6%	$60.3M -35.1%	$92.9M
Operating Activities Changes In Operating Assets and Liabilities	$534.6M 415.1%	$-169.7M -163.3%	$267.9M -49.9%	$534.3M -28.5%	$747.2M 461.2%	$133.2M -23.4%	$173.8M 94.7%	$89.2M 5.4%	$84.6M -34.1%	$128.5M
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 -15.3%	$1.4B 22.5%	$1.1B -4.1%	$1.2B 17.6%	$987.7M 40.8%	$701.4M
Investing Activities Capital Expenditures	$132.3M -49.9%	$264.1M 19.3%	$221.4M 17.3%	$188.7M 330.2%	$43.9M -10.0%	$48.7M -52.1%	$101.7M 64.1%	$61.9M -25.8%	$83.4M -16.4%	$99.8M
Investing Activities Purchases of Investments	$1.3B 270.9%	$342.1M -78.9%	$1.6B -12.3%	$1.8B -23.5%	$2.4B 85.6%	$1.3B 21.8%	$1.1B 29.3%	$826.1M -15.0%	$971.8M 223.5%	$300.4M
Investing Activities Other Investing Activities	$398.0K 124.3%	$-1.6M -124.0%	$6.8M -74.1%	$26.3M 132.0%	$11.4M -57.0%	$26.4M 1988.8%	$1.3M -89.3%	$11.8M 885.3%	$1.2M 17228.6%	$-7.0K
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 -110.0%	$-472.5M -44.6%	$-326.7M -219.7%	$273.0M 151.4%	$-531.5M -107.5%	$-256.2M
Financing Activities Repayment of Debt	$0 -100.0%	$8.2M 29.6%	$6.3M 203.5%	$2.1M -22.5%	$2.7M -12.6%	$3.1M -77.3%	$13.6M 619.5%	$1.9M -27.0%	$2.6M 9.5%	$2.4M
Financing Activities Repurchase of Common Stock	$103.6M -97.3%	$3.8B 472.4%	$659.0M -14.5%	$771.0M 5475.0%	$13.8M -97.7%	$595.9M -15.7%	$707.3M -47.3%	$1.3B 271.6%	$361.2M -84.0%	$2.3B
Financing Activities Proceeds From Stock Issuance	$164.6M 108.4%	$79.0M -39.4%	$130.3M 103.5%	$64.0M 40.0%	$45.7M -37.3%	$72.9M -21.0%	$92.4M 231.6%	$27.9M -47.1%	$52.6M 220.8%	$16.4M
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 106.6%	$-526.1M 16.3%	$-628.5M 52.2%	$-1.3B -323.0%	$-311.1M 86.1%	$-2.2B
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 -411.6%	$16.8M	—	—	—	—
Cash Reconciliation net Change In Cash	$554.8M 172.6%	$-764.4M -177.2%	$990.5M 5226.7%	$-19.3M -113.2%	$146.0M -61.8%	$382.5M 138.4%	$160.4M 47.3%	$108.9M -27.9%	$151.0M 108.4%	$-1.8B
Cash Reconciliation Cash At Beginning of Period	$2.1B 36.2%	$1.5B -33.3%	$2.3B 75.8%	$1.3B -1.5%	$1.3B 12.4%	$1.2B 47.9%	$798.0M 25.2%	$637.5M 20.6%	$528.6M 40.0%	$377.6M
Cash Reconciliation Cash At End of Period	$2.1B 36.2%	$1.5B -33.3%	$2.3B 75.8%	$1.3B -1.5%	$1.3B 12.4%	$1.2B 47.9%	$798.0M 25.2%	$637.5M 20.6%	$528.6M 40.0%	$377.6M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+55.8%	+54.0%	+53.1%	+50.3%	+56.1%	+59.2%	+60.0%	+60.3%	+63.5%	+63.7%
Operating margin	+29.2%	+25.8%	+27.4%	+25.1%	+32.4%	+35.5%	+33.4%	+33.7%	+35.6%	+35.6%
Net margin	+23.0%	+20.1%	+22.8%	+18.9%	+24.9%	+30.7%	+26.4%	+26.1%	+24.4%	+23.4%
FCF margin	+23.7%	+22.2%	+21.0%	+11.1%	+20.1%	+28.6%	+24.1%	+28.9%	+26.8%	+19.7%
Growth
Revenue CAGR (3y)	+9.5%	+10.6%	+15.8%	+14.5%	+13.3%	+10.9%	+11.3%	+11.8%	+11.0%	+10.7%
Returns
ROE	+23.1%	+25.3%	+19.8%	+17.0%	+21.0%	+27.3%	+26.6%	+27.5%	+21.1%	+21.4%
ROA	+19.1%	+19.5%	+16.8%	+14.4%	+17.6%	+22.7%	+21.5%	+21.9%	+17.1%	+17.2%
ROIC	—	+28.3%	—	—	—	—	—	—	—	—
Liquidity
Current ratio	3.70x	3.32x	4.81x	4.76x	4.85x	4.19x	3.50x	3.00x	3.72x	3.04x
Quick ratio	2.56x	2.51x	3.01x	2.32x	2.30x	2.46x	2.02x	1.87x	1.75x	1.75x
Leverage
D/E	0.18x	0.18x	0.14x	0.14x	0.15x	0.15x	0.16x	0.17x	0.14x	0.14x
Interest coverage	—	8503.50x	7660.22x	66030.04x	94603.53x	41875.72x	25052.48x	—	—	—
Efficiency
Asset turnover	0.83x	0.97x	0.74x	0.76x	0.71x	0.74x	0.82x	0.84x	0.70x	0.73x
Cash conversion cycle	+94d	+88d	+105d	+116d	+87d	+60d	+66d	+53d	+52d	+43d

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Monster Beverage

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