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MNST (Monster Beverage Corporation) Stock Financials & Earnings | Market Cap Arena
MNST
Monster Beverage Corporation
Mkt Cap
$76B
Consumer Defensive
·
Beverages - Non-Alcoholic
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$8.3B
Net Income (TTM)
$1.9B
EPS (TTM)
$1.94
Free Cash Flow (TTM)
$0
Gross Margin
55.8%
Op. Margin
29.2%
Net Margin
23.0%
FCF Margin
0.0%
P/S Ratio (TTM)
9.1x
P/E Ratio (TTM)
39.7x
YoY Rev Growth
+10.7%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$1.7B
$898M
$485M
Q2 23
$1.9B
$974M
$524M
Q3 23
$1.9B
$984M
$511M
Q4 23
$1.7B
$938M
$434M
Q1 24
$1.9B
$1.0B
$542M
Q2 24
$1.9B
$1.0B
$527M
Q3 24
$1.9B
$1000M
$480M
Q4 24
$1.8B
$1.0B
$381M
Q1 25
$1.9B
$1.0B
$570M
Q2 25
$2.1B
$1.2B
$632M
Q3 25
$2.2B
$1.2B
$675M
Q4 25
$2.1B
$1.2B
$543M
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Revenue Breakdown
MNST
Monster Beverage Corporation
Revenue Breakdown
Q4 2025
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
11.7x
58.4x
Q2 23
11.3x
52.7x
Q3 23
10.9x
48.3x
Q4 23
10.6x
46.4x
Q1 24
10.3x
45.1x
Q2 24
10.2x
44.8x
Q3 24
10.2x
47.1x
Q4 24
10.1x
50.1x
Q1 25
10.2x
50.1x
Q2 25
9.9x
48.1x
Q3 25
9.5x
43.8x
Q4 25
9.1x
39.7x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$424M
$380M
Q2 23
$339M
$294M
Q3 23
$520M
$489M
Q4 23
$434M
$319M
Q1 24
$412M
$337M
Q2 24
$436M
$379M
Q3 24
$618M
$556M
Q4 24
$462M
$350M
Q1 25
$508M
$479M
Q2 25
$466M
$435M
Q3 25
$745M
$702M
Q4 25
-$1.7B
-$1.6B
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$44M
Q2 23
$44M
Q3 23
$31M
Q4 23
$115M
Q1 24
$75M
Q2 24
$58M
Q3 24
$62M
Q4 24
$112M
Q1 25
$29M
Q2 25
$31M
Q3 25
$44M
Q4 25
$104M
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OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+11.9%
+8.5%
Q2 23
+12.1%
+3.8%
Q3 23
+14.3%
+11.5%
Q4 23
+14.4%
+15.9%
Q1 24
+11.8%
+11.8%
Q2 24
+2.5%
+3.2%
Q3 24
+1.3%
+4.1%
Q4 24
+4.7%
+10.4%
Q1 25
-2.3%
-5.3%
Q2 25
+11.1%
+7.8%
Q3 25
+16.8%
+8.6%
Q4 25
+17.6%
+11.0%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$16M
0.9%
Q2 23
$19M
1.0%
Q3 23
$18M
1.0%
Q4 23
$16M
0.9%
Q1 24
$22M
1.2%
Q2 24
$19M
1.0%
Q3 24
$28M
1.5%
Q4 24
$22M
1.2%
Q1 25
$21M
1.1%
Q2 25
$33M
1.6%
Q3 25
$33M
1.5%
Q4 25
-$87M
-4.1%
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OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q3 23
$456M
$9M
Q4 23
—
$727M
Q3 24
$510M
$10M
Q4 24
—
$780M
marketcaparena.com
Revenue Segments
Alcohol Brands
Monster Energy Drinks
Other Segments
Strategic Brands
Quarter
Alcohol Brands
Monster Energy Drinks
Other Segments
Strategic Brands
Q1 23
$46M
$1.6B
$5M
$86M
Q2 23
$61M
$1.7B
$7M
$100M
Q3 23
$42M
$1.7B
$7M
$99M
Q4 23
$35M
$1.6B
$5M
$92M
Q1 24
$56M
$1.7B
$6M
$108M
Q2 24
$42M
$1.7B
—
$109M
Q3 24
$40M
$1.7B
—
$113M
Q4 24
$35M
$1.7B
—
$102M
Q1 25
$35M
$1.7B
—
$98M
Q2 25
$38M
$1.9B
—
$130M
Q3 25
$33M
$2.0B
—
$131M
Q4 25
$29M
$2.0B
—
$110M
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Revenue by Geography
Asia Pacific
E M E A
Latin America And Caribbean
U.s. And Canada
Quarter
Asia Pacific
E M E A
Latin America And Caribbean
U.s. And Canada
Q1 23
$131M
$308M
$145M
$1.1B
Q2 23
$146M
$382M
$143M
$1.2B
Q3 23
$127M
$392M
$168M
$1.2B
Q4 23
$110M
$309M
$170M
$1.1B
Q1 24
$131M
$396M
$166M
$1.2B
Q2 24
$145M
$394M
$163M
$1.2B
Q3 24
$132M
$418M
$159M
$1.2B
Q4 24
$133M
$356M
$178M
$1.1B
Q1 25
$145M
$385M
$161M
$1.2B
Q2 25
$162M
$498M
$150M
$1.3B
Q3 25
$170M
$545M
$174M
$1.3B
Q4 25
$148M
$472M
$213M
$1.3B
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$1.7B
$1.4B
$3.1B
Q2 23
$1.9B
$1.4B
$3.3B
Q3 23
$1.8B
$1.2B
$3.0B
Q4 23
$2.3B
$956M
$3.3B
Q1 24
$2.6B
$984M
$3.6B
Q2 24
$1.6B
$0
$1.6B
Q3 24
$1.6B
$0
$1.6B
Q4 24
$1.5B
$0
$1.5B
Q1 25
$1.9B
$0
$1.9B
Q2 25
$1.9B
$145M
$2.1B
Q3 25
$2.3B
$286M
$2.6B
Q4 25
$2.1B
$677M
$2.8B
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Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
1.06B
+0.1%
Q2 23
1.06B
+0.1%
Q3 23
1.06B
-0.0%
Q4 23
1.05B
-0.7%
Q1 24
1.05B
-0.1%
Q2 24
1.04B
-1.3%
Q3 24
983M
-5.2%
Q4 24
981M
-0.2%
Q1 25
981M
+0.0%
Q2 25
984M
+0.3%
Q3 25
985M
+0.1%
Q4 25
987M
+0.2%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$2M
2K
FY 15
$2M
2K
FY 16
$2M
2K
FY 17
$2M
2K
FY 18
$2M
2K
FY 19
$2M
2K
FY 20
$1M
4K
FY 21
$1M
4K
FY 22
$1M
5K
FY 23
$1M
6K
FY 24
$1M
7K
FY 25
$1M
7K
marketcaparena.com