MNST FY 2024 Earnings Report — Monster Beverage Corporation Revenue & Financial Results | Market Cap Arena

Monster Beverage CorporationMNST

FY 2024 Earnings

Reported February 28, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$7.5B	—	$7.1B	—	4.9%
Op. Income	$1.9B	—	$2.0B	—	-1.2%
Gross Margin	54.0%	—	53.1%	—	0.9pp
Net Margin	20.1%	—	22.8%	—	-2.7pp
EPS (Diluted)	$1.49	—	$1.54	—	-3.2%
Free Cash Flow	$1.6B	—	$1.5B	—	9.4%

Revenue Flow

Item	Amount
REVENUE	$7.5B
Cost of Revenue	$3.4B
GROSS PROFIT	$4.0B
R&D Expenses	$0
Selling & Marketing	$808M
General & Administrative	$1.2B
SG&A Expenses	$2.0B
Other Expenses	$127M
Operating Expenses	$2.1B
Cost & Expenses	$5.6B
OPERATING INCOME	$1.9B
Interest Income	$115M
Interest Expense	$28M
Other Income/Expenses	$59M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$480M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$80M
EBIT	$1.9B
EBITDA	$2.0B
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.5B
Cost of Revenue	$3.4B
GROSS PROFIT	$4.0B
R&D Expenses	$0
Selling & Marketing	$808M
General & Administrative	$1.2B
SG&A Expenses	$2.0B
Other Expenses	$127M
Operating Expenses	$2.1B
Cost & Expenses	$5.6B
OPERATING INCOME	$1.9B
Interest Income	$115M
Interest Expense	$28M
Other Income/Expenses	$59M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$480M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$80M
EBIT	$1.9B
EBITDA	$2.0B
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$80M
Stock-Based Compensation	$91M
Deferred Income Tax	-$12M
Other Non-Cash Items	$152M
Change in Working Capital	$108M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$306M
Acquisitions (Net)	$0
Purchases of Investments	-$342M
Sales/Maturities of Investments	$1.4B
Other Investing Activities	-$38M
NET CASH FROM INVESTING	$734M
Net Debt Issuance	$367M
Common Stock Repurchased	-$3.8B
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$3.3B
FREE CASH FLOW	$1.6B
Net Change in Cash	-$764M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$737M
Other Current Assets	$107M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$1.0B
Goodwill	$1.3B
Intangible Assets	$1.4B
Long-Term Investments	$0
Tax Assets	$184M
Other Non-Current Assets	$100M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$7.7B
Account Payables	$467M
Short-Term Debt	$0
Deferred Revenue	$46M
Other Current Liabilities	$92M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$374M
Deferred Revenue NC	$179M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$111M
TOTAL NON-CURRENT LIABILITIES	$664M
TOTAL LIABILITIES	$1.8B
Common Stock	$6M
Additional Paid-In Capital	$5.1B
Retained Earnings	$7.4B
Treasury Stock	-$6.4B
Accum. Other Comp. Income	-$269M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$0
TOTAL EQUITY	$6.0B
TOTAL LIABILITIES & EQUITY	$7.7B
Total Debt	$374M
Net Debt	-$1.2B