MNST FY 2025 Earnings Report — Monster Beverage Corporation Revenue & Financial Results | Market Cap Arena

Monster Beverage CorporationMNST

FY 2025 Earnings

Reported February 26, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$8.3B	—	$7.5B	—	10.7%
Op. Income	$2.4B	—	$1.9B	—	25.3%
Gross Margin	55.8%	—	54.0%	—	1.8pp
Net Margin	23.0%	—	20.1%	—	2.8pp
EPS (Diluted)	$1.94	—	$1.49	—	30.2%
Free Cash Flow	$2.0B	—	$1.6B	—	21.2%

Revenue Flow

Item	Amount
REVENUE	$8.3B
Cost of Revenue	$3.7B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2.2B
Operating Expenses	$2.2B
Cost & Expenses	$5.9B
OPERATING INCOME	$2.4B
Interest Income	$85M
Interest Expense	$7M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$577M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$114M
EBIT	$2.5B
EBITDA	$2.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$8.3B
Cost of Revenue	$3.7B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2.2B
Operating Expenses	$2.2B
Cost & Expenses	$5.9B
OPERATING INCOME	$2.4B
Interest Income	$85M
Interest Expense	$7M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$577M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$114M
EBIT	$2.5B
EBITDA	$2.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$114M
Stock-Based Compensation	$126M
Deferred Income Tax	$4M
Other Non-Cash Items	$69M
Change in Working Capital	-$120M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$132M
Acquisitions (Net)	$4M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$106M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	-$385M
Common Stock Repurchased	-$104M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$324M
FREE CASH FLOW	$2.0B
Net Change in Cash	$555M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$677M
Net Receivables	$1.6B
Inventory	$800M
Other Current Assets	$104M
TOTAL CURRENT ASSETS	$5.4B
PP&E (Net)	$1.1B
Goodwill	$1.3B
Intangible Assets	$1.4B
Long-Term Investments	$487M
Tax Assets	$189M
Other Non-Current Assets	$159M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$10.0B
Account Payables	$566M
Short-Term Debt	$0
Deferred Revenue	$45M
Other Current Liabilities	$114M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$0
Deferred Revenue NC	$160M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$127M
TOTAL NON-CURRENT LIABILITIES	$287M
TOTAL LIABILITIES	$1.7B
Common Stock	$6M
Additional Paid-In Capital	$5.4B
Retained Earnings	$9.4B
Treasury Stock	-$6.5B
Accum. Other Comp. Income	-$61M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.3B
Minority Interest	$0
TOTAL EQUITY	$8.3B
TOTAL LIABILITIES & EQUITY	$10.0B
Total Debt	$0
Net Debt	-$2.1B