TAP

MKT CAP:$8B

Molson Coors Beverage Company

Market Cap

$8B

Consumer Defensive·Beverages - Alcoholic·🇺🇸 United States·NYSE

Consumer Def.·Beverages·🇺🇸·NYSE

Stock Price

$42.87-$4.53 (-9.56%)

Apr 23, 2026

Company Details

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to...

CEO

Rahul Goyal

IPO Date

Jun 12, 1975

Website

www.molsoncoors.com

Key Metrics TTM

Revenue

$11.5B

-1.8% YoY

Net Income

-$2.1B

EPS (Diluted)

-$10.57

Free Cash Flow

$1.3B

Revenue / Share

$58.68

Gross Margin

37.9%

Operating Margin

-19.1%

Net Margin

-17.9%

FCF Margin

11.7%

P/S

0.7x

P/E

—

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

Q4 2025

Feb 18, 2026

$2.7BEPS $1.22

Q3 2025

Nov 4, 2025

$3.0BEPS -$14.79

Q2 2024

Aug 6, 2024

$3.3BEPS $2.03

Q1 2024

Apr 30, 2024

$2.6BEPS $0.97

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 16	$2.3B	$808M	$2.5B
Q4 18	$2.4B	$823M	$142M
Q2 19	$2.9B	$1.2B	$469M
Q4 20	$2.3B	$895M	-$1.3B
Q2 21	$2.9B	$1.3B	$581M
Q3 21	$2.8B	$1.2B	$531M
Q4 22	$2.6B	$924M	-$512M
Q3 23	$3.3B	$1.3B	$592M
Q1 24	$2.6B	$964M	$314M
Q2 24	$3.3B	$1.3B	$600M
Q3 25	$3.0B	$1.2B	-$3.4B
Q4 25	$2.7B	$880M	$320M

Valuation

Quarter	P/S	P/E
Q4 16	—	—
Q4 18	—	—
Q2 19	—	—
Q4 20	0.8x	16.8x
Q2 21	0.7x	—
Q3 21	0.7x	—
Q4 22	0.7x	—
Q3 23	0.7x	11.6x
Q1 24	0.7x	15.8x
Q2 24	0.7x	16.7x
Q3 25	0.7x	—
Q4 25	0.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 16	$497M	$344M
Q4 18	$540M	$379M
Q2 19	$927M	$814M
Q4 20	$203M	$84M
Q2 21	$939M	$830M
Q3 21	$519M	$368M
Q4 22	$385M	$254M
Q3 23	$710M	$551M
Q1 24	$25M	-$189M
Q2 24	$869M	$692M
Q3 25	$616M	$483M
Q4 25	$541M	$358M

Capital Expenditures

Quarter	CapEx
Q4 16	$153M
Q4 18	$161M
Q2 19	$113M
Q4 20	$118M
Q2 21	$109M
Q3 21	$152M
Q4 22	$131M
Q3 23	$159M
Q1 24	$215M
Q2 24	$178M
Q3 25	$133M
Q4 25	$183M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+28.1%	+1196.5%
Q3 21	+16.7%	+0.6%
Q4 22	-10.8%	+26.7%
Q3 23	+43.8%	-24.3%
Q1 24	-11.7%	-3.2%
Q2 24	+15.2%	+15.8%
Q3 25	+13.1%	+103.9%
Q4 25	-19.3%	-13.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 16	$12M	0.5%
Q4 18	$9M	0.4%
Q2 19	$7M	0.2%
Q4 20	$6M	0.3%
Q2 21	$8M	0.3%
Q3 21	$8M	0.3%
Q4 22	$8M	0.3%
Q3 23	$14M	0.4%
Q1 24	$13M	0.5%
Q2 24	$11M	0.4%
Q3 25	$8M	0.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q4 16	$754M	—
Q4 18	$663M	—
Q2 19	$770M	—
Q4 20	$648M	—
Q2 21	$682M	—
Q3 21	$665M	—
Q4 22	$576M	—
Q3 23	$747M	—
Q1 24	$655M	—
Q2 24	$729M	—
Q3 25	$687M	—
Q4 25	—	$560M

Revenue by Geography

Quarter	Canada	Europe	United States	Americas Segment
Q4 18	$322M	$464M	$1.6B	—
Q2 19	$373M	$539M	$2.0B	—
Q4 20	—	$303M	—	$2.0B
Q2 21	—	$521M	—	$2.4B
Q3 21	—	$601M	—	$2.2B
Q4 22	—	$503M	—	$2.1B
Q3 23	—	$670M	—	$2.6B
Q1 24	—	$455M	—	$2.1B
Q2 24	—	$683M	—	$2.6B
Q3 25	—	$721M	—	$2.3B
Q4 25	—	$604M	—	$2.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$359M	$0	$359M
Q2 22	$442M	$0	$442M
Q3 22	$525M	$0	$525M
Q4 22	$600M	$0	$600M
Q1 23	$328M	$0	$328M
Q2 23	$961M	$0	$961M
Q3 23	$802M	$0	$802M
Q4 23	$869M	$0	$869M
Q1 24	$458M	$0	$458M
Q2 24	$1.6B	$0	$1.6B
Q3 24	$1.0B	$0	$1.0B
Q4 24	$969M	$0	$969M
Q1 25	$413M	$0	$413M
Q2 25	$614M	$0	$614M
Q3 25	$950M	$0	$950M
Q4 25	$897M	$0	$897M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 16	216M	—	—
Q4 18	217M	+0.1%	—
Q2 19	217M	+0.1%	—
Q4 20	217M	+0.2%	—
Q2 21	218M	+0.1%	+0.6%
Q3 21	218M	0.0%	+0.4%
Q4 22	217M	-0.5%	-0.1%
Q3 23	218M	+0.5%	+0.1%
Q1 24	214M	-1.6%	-1.6%
Q2 24	211M	-1.6%	-3.1%
Q3 25	198M	-6.1%	-8.6%
Q4 25	196M	-1.1%	-10.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 16	$131.8K	17K
Q4 18	$136.3K	18K
Q2 19	$166.1K	18K
Q4 20	$135.0K	17K
Q2 21	$172.9K	17K
Q3 21	$166.0K	17K
Q4 22	$158.4K	17K
Q3 23	$198.7K	17K
Q1 24	$157.4K	17K
Q2 24	$197.1K	17K
Q3 25	$177.0K	17K
Q4 25	$164.3K	16K

Revenue / Employee