Monster Beverage Corporation (MNST) 10-Year Financial Performance & Capital Metrics

MNST •

Consumer DefensiveNon-Alcoholic BeveragesEnergy and Functional Beverages

AboutMonster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages. The company sells its products to bottlers, full-service beverage distributors, as well as sells directly to retail grocery and speciality chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, foodservice customers, value stores, e-commerce retailers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. It provides its products under the Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Muscle Monster, Espresso Monster, Punch Monster, Juice Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster HydroSport Super Fuel, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, and Reign Inferno Thermogenic Fuel, as well as NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play (stylized), Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, Fury, and True North brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.Show more

Revenue $8.29B +10.7%
EBITDA $2.42B +20.3%
Net Income $1.91B +26.3%
EPS (Diluted) 1.94 +30.2%
Gross Margin 55.85% +3.3%
EBITDA Margin 29.17% +8.7%
Operating Margin 29.17% +13.2%
Net Margin 22.97% +14.1%
ROE 26.81% +26.0%
ROIC 33.1% +22.7%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 23.2%
✓Strong 5Y sales CAGR of 12.5%
✓Share count reduced 100.0% through buybacks
✓Healthy 5Y average net margin of 21.9%
✓Trading near 52-week high

✗Weaknesses

✗Expensive at 10.1x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.78%

5Y12.52%

3Y9.54%

TTM10.7%

Profit (Net Income) CAGR

10Y13.3%

5Y6.21%

3Y16.94%

TTM26.27%

EPS CAGR

10Y15.23%

5Y8.01%

3Y20.1%

TTM30.2%

ROCE

10Y Avg28.63%

5Y Avg26.76%

3Y Avg27.37%

Latest31.91%

Peer Comparison

Energy and Functional Beverages

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CELHCelsius Holdings, Inc.	13.82B	53.61	119.13	2.85%	3.03%	2.17%	1.73%	0.02
MNSTMonster Beverage Corporation	83.43B	85.30	43.97	10.7%	22.97%	23.08%
BNKKBonk, Inc.	20.51M	3.88	-4.26	246.36%	-45.89%	-75.42%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	3.05B	3.37B	3.81B	4.2B	4.6B	5.54B	6.31B	7.14B	7.49B	8.29B
Revenue Growth %	12%	10.48%	13%	10.34%	9.47%	20.5%	13.89%	13.14%	4.94%	10.7%
Cost of Goods Sold+	1.11B	1.23B	1.51B	1.68B	1.87B	2.43B	3.14B	3.35B	3.44B	3.66B
COGS % of Revenue	36.32%	36.55%	39.71%	40.05%	40.77%	43.9%	49.7%	46.86%	45.96%	44.15%
Gross Profit+	1.94B	2.14B	2.3B	2.52B	2.72B	3.11B	3.17B	3.79B	4.05B	4.63B
Gross Margin %	63.68%	63.45%	60.29%	59.95%	59.23%	56.1%	50.3%	53.14%	54.04%	55.85%
Gross Profit Growth %	18.97%	10.08%	7.38%	9.72%	8.15%	14.12%	2.12%	19.52%	6.71%	14.41%
Operating Expenses+	856.66M	938.9M	1.01B	1.12B	1.09B	1.31B	1.59B	1.84B	2.12B	2.21B
OpEx % of Revenue	28.09%	27.87%	26.57%	26.56%	23.72%	23.66%	25.19%	25.78%	28.28%	26.68%
Selling, General & Admin	0	0	0	0	1.09B	1.31B	1.59B	1.8B	1.99B	0
SG&A % of Revenue	-	-	-	-	23.71%	23.56%	25.16%	25.24%	26.58%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	856.66M	938.9M	1.01B	1.12B	200K	5.3M	2.2M	38.7M	127.1M	2.21B
Operating Income+	1.09B	1.2B	1.28B	1.4B	1.63B	1.8B	1.58B	1.95B	1.93B	2.42B
Operating Margin %	35.59%	35.58%	33.72%	33.4%	35.51%	32.44%	25.11%	27.36%	25.76%	29.17%
Operating Income Growth %	21.45%	10.45%	7.08%	9.3%	16.41%	10.06%	-11.84%	23.26%	-1.18%	25.34%
EBITDA+	1.13B	1.25B	1.34B	1.46B	1.69B	1.85B	1.65B	2.02B	2.01B	2.42B
EBITDA Margin %	36.93%	37.03%	35.21%	34.84%	36.75%	33.34%	26.08%	28.32%	26.84%	29.17%
EBITDA Growth %	21.81%	10.79%	7.45%	9.18%	15.48%	9.31%	-10.91%	22.86%	-0.57%	20.32%
D&A (Non-Cash Add-back)	40.84M	48.89M	56.98M	60.73M	57.03M	50.16M	61.24M	68.9M	80.43M	0
EBIT	1.09B	1.2B	1.28B	1.4B	1.63B	1.8B	1.58B	1.95B	1.93B	0
Net Interest Income+	4M	5.9M	13.8M	17.8M	8.1M	4.2M	29.7M	130M	87.1M	0
Interest Income	4M	5.9M	13.8M	17.8M	8.1M	4.2M	29.7M	130M	115M	0
Interest Expense	0	0	0	0	0	0	0	0	27.9M	0
Other Income/Expense	-5.65M	2.84M	9.65M	13.02M	-7M	3.95M	-12.76M	115.13M	59.16M	63.17M
Pretax Income+	1.08B	1.2B	1.29B	1.42B	1.63B	1.8B	1.57B	2.07B	1.99B	2.48B
Pretax Margin %	35.41%	35.67%	33.97%	33.71%	35.36%	32.51%	24.91%	28.97%	26.55%	29.93%
Income Tax+	367M	380.94M	300.27M	308.13M	216.56M	423.94M	380.34M	437.49M	480.41M	577.1M
Effective Tax Rate %	66.01%	68.3%	76.78%	78.24%	86.68%	76.47%	75.8%	78.85%	75.85%	76.75%
Net Income+	712.68M	820.68M	993M	1.11B	1.41B	1.38B	1.19B	1.63B	1.51B	1.91B
Net Margin %	23.37%	24.36%	26.08%	26.37%	30.65%	24.86%	18.88%	22.84%	20.14%	22.97%
Net Income Growth %	30.35%	15.15%	21%	11.56%	27.24%	-2.28%	-13.49%	36.87%	-7.48%	26.27%
Net Income (Continuing)	712.68M	820.68M	993M	1.11B	1.41B	1.38B	1.19B	1.63B	1.51B	1.91B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.60	0.71	0.88	1.01	1.32	1.29	1.12	1.54	1.49	1.94
EPS Growth %	27.66%	18.33%	23.94%	14.77%	30.69%	-2.27%	-13.18%	37.5%	-3.25%	30.2%
EPS (Basic)	0.61	0.73	0.89	1.02	1.33	1.30	1.13	1.56	1.50	1.95
Diluted Shares Outstanding	1.2B	1.15B	1.13B	1.09B	1.07B	1.07B	1.07B	1.06B	1.01B	0
Basic Shares Outstanding	1.18B	1.13B	1.11B	1.08B	1.06B	1.06B	1.05B	1.04B	1B	0
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	1.43B	2.09B	1.8B	2.32B	3.14B	4.68B	4.76B	5.59B	3.64B	5.36B
Cash & Short-Term Investments	598.14M	1.2B	958.16M	1.33B	2.06B	3.08B	2.67B	3.25B	1.53B	2.77B
Cash Only	377.58M	528.62M	637.51M	797.96M	1.18B	1.33B	1.31B	2.3B	1.53B	2.09B
Short-Term Investments	220.55M	672.93M	320.65M	533.06M	881.35M	1.75B	1.36B	955.61M	0	677.08M
Accounts Receivable	573.05M	449.48M	484.56M	540.33M	666.01M	896.66M	1.02B	1.19B	1.22B	1.62B
Days Sales Outstanding	68.59	48.7	46.46	46.95	52.86	59.06	58.77	61.04	59.51	71.2
Inventory	161.97M	255.75M	277.7M	360.73M	333.08M	593.36M	935.63M	971.41M	737.11M	799.62M
Days Inventory Outstanding	53.39	75.81	67.05	78.27	64.85	89.02	108.88	105.97	78.12	79.7
Other Current Assets	32.56M	40.88M	44.91M	54.87M	55.36M	82.67M	109.82M	116.19M	107.26M	178.19M
Total Non-Current Assets+	2.72B	2.7B	2.72B	2.83B	3.06B	3.12B	3.53B	4.1B	4.08B	4.63B
Property, Plant & Equipment	173.34M	230.28M	243.05M	298.64M	314.66M	313.75M	516.9M	890.8M	1.05B	1.08B
Fixed Asset Turnover	17.59x	14.63x	15.66x	14.07x	14.61x	17.66x	12.21x	8.02x	7.16x	7.67x
Goodwill	1.33B	1.33B	1.33B	1.33B	1.33B	1.33B	1.42B	1.42B	1.33B	1.33B
Intangible Assets	1.03B	1.03B	1.05B	1.05B	1.06B	1.07B	1.22B	1.43B	1.41B	1.38B
Long-Term Investments	2.39M	2.37M	0	12.9M	44.29M	99.42M	61.44M	76.43M	0	487.33M
Other Non-Current Assets	21.63M	13.93M	16.46M	53.97M	70.47M	80.25M	134.48M	110.22M	100.41M	159.43M
Total Assets+	4.15B	4.79B	4.53B	5.15B	6.2B	7.8B	8.29B	9.69B	7.72B	9.99B
Asset Turnover	0.73x	0.70x	0.84x	0.82x	0.74x	0.71x	0.76x	0.74x	0.97x	0.83x
Asset Growth %	-25.45%	15.35%	-5.51%	13.77%	20.43%	25.83%	6.26%	16.8%	-20.31%	29.41%
Total Current Liabilities+	470.59M	560.35M	601.14M	661.1M	749.99M	965.08M	1B	1.16B	1.1B	1.45B
Accounts Payable	193.27M	245.91M	248.76M	274.05M	296.8M	404.26M	444.26M	564.38M	466.77M	565.97M
Days Payables Outstanding	63.7	72.89	60.06	59.46	57.78	60.65	51.7	61.57	49.47	56.41
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	41.67M	43.24M	44.05M	44.24M	45.43M	42.53M	43.31M	41.91M	45.81M	45.32M
Other Current Liabilities	30.04M	35M	39.9M	47.26M	55.02M	65.46M	72.46M	87.39M	92.45M	1.4B
Current Ratio	3.04x	3.72x	3.00x	3.50x	4.19x	4.85x	4.76x	4.81x	3.32x	3.70x
Quick Ratio	2.70x	3.27x	2.54x	2.96x	3.74x	4.24x	3.82x	3.97x	2.65x	3.15x
Cash Conversion Cycle	58.28	51.61	53.44	65.76	59.93	87.43	115.95	105.44	88.16	94.49
Total Non-Current Liabilities+	353.17M	335.45M	314.85M	317.97M	291.87M	272.76M	266.09M	296.09M	663.85M	287.06M
Long-Term Debt	0	0	0	0	0	0	0	0	373.95M	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	1.09M	2.62M	30.5M	27.43M	29.51M	42.29M	91.84M	110.89M	287.06M
Total Liabilities	823.76M	895.8M	915.99M	979.07M	1.04B	1.24B	1.27B	1.46B	1.76B	1.73B
Total Debt+	0	0	0	0	0	0	0	0	373.95M	0
Net Debt	-377.58M	-528.62M	-637.51M	-797.96M	-1.18B	-1.33B	-1.31B	-2.3B	-1.16B	-2.09B
Debt / Equity	-	-	-	-	-	-	-	-	0.06x	-
Debt / EBITDA	-	-	-	-	-	-	-	-	0.19x	-
Net Debt / EBITDA	-0.34x	-0.42x	-0.48x	-0.55x	-0.70x	-0.72x	-0.79x	-1.14x	-0.58x	-0.86x
Interest Coverage	-	-	-	-	-	-	-	-	69.19x	-
Total Equity+	3.33B	3.9B	3.61B	4.17B	5.16B	6.57B	7.03B	8.23B	5.96B	8.25B
Equity Growth %	-30.77%	16.98%	-7.3%	15.52%	23.72%	27.25%	6.98%	17.13%	-27.6%	38.54%
Book Value per Share	2.78	3.37	3.20	3.82	4.82	6.13	6.59	7.78	5.88	8.44
Total Shareholders' Equity	3.33B	3.9B	3.61B	4.17B	5.16B	6.57B	7.03B	8.23B	5.96B	8.25B
Common Stock	3.12M	3.15M	3.15M	3.18M	3.19M	3.2M	6.42M	5.61M	5.63M	5.67M
Retained Earnings	2.11B	2.93B	3.91B	5.02B	6.43B	7.81B	9B	5.94B	7.45B	9.35B
Treasury Stock	-2.81B	-3.17B	-4.51B	-5.22B	-5.82B	-5.83B	-6.6B	-2.57B	-6.37B	0
Accumulated OCI	-23.25M	-16.66M	-32.86M	-32.39M	3.03M	-69.17M	-159.07M	-125.34M	-269.49M	-60.84M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	701.36M	987.73M	1.16B	1.11B	1.36B	1.16B	887.7M	1.72B	1.93B	0
Operating CF Margin %	23%	29.32%	30.52%	26.51%	29.66%	20.86%	14.07%	24.06%	25.74%	-
Operating CF Growth %	237.21%	40.83%	17.63%	-4.14%	22.48%	-15.28%	-23.19%	93.51%	12.27%	-100%
Net Income	712.68M	820.68M	993M	1.11B	1.41B	1.38B	1.19B	1.63B	1.51B	0
Depreciation & Amortization	40.84M	48.89M	56.98M	64.81M	60.97M	50.16M	61.24M	68.9M	80.43M	0
Stock-Based Compensation	45.85M	52.28M	57.11M	63.36M	70.29M	70.48M	64.11M	68.84M	90.98M	0
Deferred Taxes	-19.09M	67.94M	-510K	1.26M	-156.87M	16.43M	48.18M	2.04M	-11.71M	0
Other Non-Cash Items	-204K	-1.16M	-783K	-252K	8.35M	3.09M	9.35M	6.86M	152.13M	0
Working Capital Changes	-78.73M	-890K	56.08M	-123.25M	-28.17M	-361.89M	-486.81M	-59.87M	107.64M	0
Change in Receivables	-106.36M	16.54M	-38.41M	-59.94M	-119.67M	-254.23M	-128.98M	-163.16M	-93.92M	166.62M
Change in Inventory	20.88M	-88.87M	-26.15M	-85.22M	30.3M	-277.79M	-347.71M	7.9M	211.5M	0
Change in Payables	45.34M	29.58M	9.85M	28.83M	18.7M	114.3M	49.77M	112.79M	-61.49M	-37.77M
Cash from Investing+	-256.19M	-531.54M	272.96M	-326.72M	-472.49M	-992.02M	-161.37M	-193.4M	733.73M	0
Capital Expenditures	-105.34M	-93.13M	-74.92M	-110.4M	-67.27M	-57.45M	-212.15M	-221.43M	-264.07M	0
CapEx % of Revenue	3.45%	2.76%	1.97%	2.63%	1.46%	1.04%	3.36%	3.1%	3.52%	-
Acquisitions	-688.49M	-8.28M	-8.69M	-7.5M	-17.56M	-12.26M	-329.47M	-363.38M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	814K	8.49M	1.17M	7.47M	-7.87M	2.23M	-25.03M	-17.6M	-37.99M	0
Cash from Financing+	-2.24B	-311.13M	-1.32B	-628.51M	-526.07M	34.82M	-706.94M	-542.6M	-3.33B	0
Debt Issued (Net)	-2.36M	-2.58M	-1.89M	-13.57M	-3.09M	2.93M	75K	-13.91M	366.78M	0
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-2.25B	-361.18M	-1.34B	-707.3M	-595.92M	-13.83M	-771.03M	-658.95M	-3.77B	0
Other Financing	0	0	0	0	0	0	0	130.27M	-2.9M	0
Net Change in Cash	-1.8B	151.04M	108.89M	160.44M	382.46M	146.05M	-19.32M	990.53M	-764.39M	0
Free Cash Flow+	596.02M	894.6M	1.09B	1B	1.3B	1.1B	675.55M	1.48B	1.62B	0
FCF Margin %	19.55%	26.55%	28.55%	23.89%	28.2%	19.82%	10.7%	20.77%	21.65%	-
FCF Growth %	260.15%	50.1%	21.5%	-7.69%	29.25%	-15.31%	-38.49%	119.53%	9.38%	-100%
FCF per Share	0.50	0.78	0.96	0.92	1.21	1.03	0.63	1.40	1.60	-
FCF Conversion (FCF/Net Income)	0.98x	1.20x	1.17x	1.01x	0.97x	0.84x	0.74x	1.05x	1.28x	-
Interest Paid	68K	75K	60K	320K	44K	134K	431K	363K	25.27M	0
Taxes Paid	431.27M	389.49M	200.77M	293.81M	355.51M	420.52M	380M	423.22M	476.22M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	17.51%	22.72%	26.46%	28.47%	30.21%	23.49%	17.53%	21.38%	21.27%	26.81%
Return on Invested Capital (ROIC)	29.14%	28.46%	30.37%	33.16%	33.31%	29.24%	21.69%	25.15%	26.99%	33.1%
Gross Margin	63.68%	63.45%	60.29%	59.95%	59.23%	56.1%	50.3%	53.14%	54.04%	55.85%
Net Margin	23.37%	24.36%	26.08%	26.37%	30.65%	24.86%	18.88%	22.84%	20.14%	22.97%
Debt / Equity	-	-	-	-	-	-	-	-	0.06x	-
Interest Coverage	-	-	-	-	-	-	-	-	69.19x	-
FCF Conversion	0.98x	1.20x	1.17x	1.01x	0.97x	0.84x	0.74x	1.05x	1.28x	-
Revenue Growth	12%	10.48%	13%	10.34%	9.47%	20.5%	13.89%	13.14%	4.94%	10.7%

US Stock Screener

...

Monster Beverage Corporation (MNST) 10-Year Financial Performance & Capital Metrics

MNST •

Consumer DefensiveNon-Alcoholic BeveragesEnergy and Functional Beverages

Revenue $8.29B +10.7%
EBITDA $2.42B +20.3%
Net Income $1.91B +26.3%
EPS (Diluted) 1.94 +30.2%
Gross Margin 55.85% +3.3%
EBITDA Margin 29.17% +8.7%
Operating Margin 29.17% +13.2%
Net Margin 22.97% +14.1%
ROE 26.81% +26.0%
ROIC 33.1% +22.7%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 23.2%
✓Strong 5Y sales CAGR of 12.5%
✓Share count reduced 100.0% through buybacks
✓Healthy 5Y average net margin of 21.9%
✓Trading near 52-week high

✗Weaknesses

✗Expensive at 10.1x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.78%

5Y12.52%

3Y9.54%

TTM10.7%

Profit (Net Income) CAGR

10Y13.3%

5Y6.21%

3Y16.94%

TTM26.27%

EPS CAGR

10Y15.23%

5Y8.01%

3Y20.1%

TTM30.2%

ROCE

10Y Avg28.63%

5Y Avg26.76%

3Y Avg27.37%

Latest31.91%

Peer Comparison

Energy and Functional Beverages

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CELHCelsius Holdings, Inc.	13.82B	53.61	119.13	2.85%	3.03%	2.17%	1.73%	0.02
MNSTMonster Beverage Corporation	83.43B	85.30	43.97	10.7%	22.97%	23.08%
BNKKBonk, Inc.	20.51M	3.88	-4.26	246.36%	-45.89%	-75.42%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	3.05B	3.37B	3.81B	4.2B	4.6B	5.54B	6.31B	7.14B	7.49B	8.29B
Revenue Growth %	12%	10.48%	13%	10.34%	9.47%	20.5%	13.89%	13.14%	4.94%	10.7%
Cost of Goods Sold+	1.11B	1.23B	1.51B	1.68B	1.87B	2.43B	3.14B	3.35B	3.44B	3.66B
COGS % of Revenue	36.32%	36.55%	39.71%	40.05%	40.77%	43.9%	49.7%	46.86%	45.96%	44.15%
Gross Profit+	1.94B	2.14B	2.3B	2.52B	2.72B	3.11B	3.17B	3.79B	4.05B	4.63B
Gross Margin %	63.68%	63.45%	60.29%	59.95%	59.23%	56.1%	50.3%	53.14%	54.04%	55.85%
Gross Profit Growth %	18.97%	10.08%	7.38%	9.72%	8.15%	14.12%	2.12%	19.52%	6.71%	14.41%
Operating Expenses+	856.66M	938.9M	1.01B	1.12B	1.09B	1.31B	1.59B	1.84B	2.12B	2.21B
OpEx % of Revenue	28.09%	27.87%	26.57%	26.56%	23.72%	23.66%	25.19%	25.78%	28.28%	26.68%
Selling, General & Admin	0	0	0	0	1.09B	1.31B	1.59B	1.8B	1.99B	0
SG&A % of Revenue	-	-	-	-	23.71%	23.56%	25.16%	25.24%	26.58%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	856.66M	938.9M	1.01B	1.12B	200K	5.3M	2.2M	38.7M	127.1M	2.21B
Operating Income+	1.09B	1.2B	1.28B	1.4B	1.63B	1.8B	1.58B	1.95B	1.93B	2.42B
Operating Margin %	35.59%	35.58%	33.72%	33.4%	35.51%	32.44%	25.11%	27.36%	25.76%	29.17%
Operating Income Growth %	21.45%	10.45%	7.08%	9.3%	16.41%	10.06%	-11.84%	23.26%	-1.18%	25.34%
EBITDA+	1.13B	1.25B	1.34B	1.46B	1.69B	1.85B	1.65B	2.02B	2.01B	2.42B
EBITDA Margin %	36.93%	37.03%	35.21%	34.84%	36.75%	33.34%	26.08%	28.32%	26.84%	29.17%
EBITDA Growth %	21.81%	10.79%	7.45%	9.18%	15.48%	9.31%	-10.91%	22.86%	-0.57%	20.32%
D&A (Non-Cash Add-back)	40.84M	48.89M	56.98M	60.73M	57.03M	50.16M	61.24M	68.9M	80.43M	0
EBIT	1.09B	1.2B	1.28B	1.4B	1.63B	1.8B	1.58B	1.95B	1.93B	0
Net Interest Income+	4M	5.9M	13.8M	17.8M	8.1M	4.2M	29.7M	130M	87.1M	0
Interest Income	4M	5.9M	13.8M	17.8M	8.1M	4.2M	29.7M	130M	115M	0
Interest Expense	0	0	0	0	0	0	0	0	27.9M	0
Other Income/Expense	-5.65M	2.84M	9.65M	13.02M	-7M	3.95M	-12.76M	115.13M	59.16M	63.17M
Pretax Income+	1.08B	1.2B	1.29B	1.42B	1.63B	1.8B	1.57B	2.07B	1.99B	2.48B
Pretax Margin %	35.41%	35.67%	33.97%	33.71%	35.36%	32.51%	24.91%	28.97%	26.55%	29.93%
Income Tax+	367M	380.94M	300.27M	308.13M	216.56M	423.94M	380.34M	437.49M	480.41M	577.1M
Effective Tax Rate %	66.01%	68.3%	76.78%	78.24%	86.68%	76.47%	75.8%	78.85%	75.85%	76.75%
Net Income+	712.68M	820.68M	993M	1.11B	1.41B	1.38B	1.19B	1.63B	1.51B	1.91B
Net Margin %	23.37%	24.36%	26.08%	26.37%	30.65%	24.86%	18.88%	22.84%	20.14%	22.97%
Net Income Growth %	30.35%	15.15%	21%	11.56%	27.24%	-2.28%	-13.49%	36.87%	-7.48%	26.27%
Net Income (Continuing)	712.68M	820.68M	993M	1.11B	1.41B	1.38B	1.19B	1.63B	1.51B	1.91B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.60	0.71	0.88	1.01	1.32	1.29	1.12	1.54	1.49	1.94
EPS Growth %	27.66%	18.33%	23.94%	14.77%	30.69%	-2.27%	-13.18%	37.5%	-3.25%	30.2%
EPS (Basic)	0.61	0.73	0.89	1.02	1.33	1.30	1.13	1.56	1.50	1.95
Diluted Shares Outstanding	1.2B	1.15B	1.13B	1.09B	1.07B	1.07B	1.07B	1.06B	1.01B	0
Basic Shares Outstanding	1.18B	1.13B	1.11B	1.08B	1.06B	1.06B	1.05B	1.04B	1B	0
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	1.43B	2.09B	1.8B	2.32B	3.14B	4.68B	4.76B	5.59B	3.64B	5.36B
Cash & Short-Term Investments	598.14M	1.2B	958.16M	1.33B	2.06B	3.08B	2.67B	3.25B	1.53B	2.77B
Cash Only	377.58M	528.62M	637.51M	797.96M	1.18B	1.33B	1.31B	2.3B	1.53B	2.09B
Short-Term Investments	220.55M	672.93M	320.65M	533.06M	881.35M	1.75B	1.36B	955.61M	0	677.08M
Accounts Receivable	573.05M	449.48M	484.56M	540.33M	666.01M	896.66M	1.02B	1.19B	1.22B	1.62B
Days Sales Outstanding	68.59	48.7	46.46	46.95	52.86	59.06	58.77	61.04	59.51	71.2
Inventory	161.97M	255.75M	277.7M	360.73M	333.08M	593.36M	935.63M	971.41M	737.11M	799.62M
Days Inventory Outstanding	53.39	75.81	67.05	78.27	64.85	89.02	108.88	105.97	78.12	79.7
Other Current Assets	32.56M	40.88M	44.91M	54.87M	55.36M	82.67M	109.82M	116.19M	107.26M	178.19M
Total Non-Current Assets+	2.72B	2.7B	2.72B	2.83B	3.06B	3.12B	3.53B	4.1B	4.08B	4.63B
Property, Plant & Equipment	173.34M	230.28M	243.05M	298.64M	314.66M	313.75M	516.9M	890.8M	1.05B	1.08B
Fixed Asset Turnover	17.59x	14.63x	15.66x	14.07x	14.61x	17.66x	12.21x	8.02x	7.16x	7.67x
Goodwill	1.33B	1.33B	1.33B	1.33B	1.33B	1.33B	1.42B	1.42B	1.33B	1.33B
Intangible Assets	1.03B	1.03B	1.05B	1.05B	1.06B	1.07B	1.22B	1.43B	1.41B	1.38B
Long-Term Investments	2.39M	2.37M	0	12.9M	44.29M	99.42M	61.44M	76.43M	0	487.33M
Other Non-Current Assets	21.63M	13.93M	16.46M	53.97M	70.47M	80.25M	134.48M	110.22M	100.41M	159.43M
Total Assets+	4.15B	4.79B	4.53B	5.15B	6.2B	7.8B	8.29B	9.69B	7.72B	9.99B
Asset Turnover	0.73x	0.70x	0.84x	0.82x	0.74x	0.71x	0.76x	0.74x	0.97x	0.83x
Asset Growth %	-25.45%	15.35%	-5.51%	13.77%	20.43%	25.83%	6.26%	16.8%	-20.31%	29.41%
Total Current Liabilities+	470.59M	560.35M	601.14M	661.1M	749.99M	965.08M	1B	1.16B	1.1B	1.45B
Accounts Payable	193.27M	245.91M	248.76M	274.05M	296.8M	404.26M	444.26M	564.38M	466.77M	565.97M
Days Payables Outstanding	63.7	72.89	60.06	59.46	57.78	60.65	51.7	61.57	49.47	56.41
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	41.67M	43.24M	44.05M	44.24M	45.43M	42.53M	43.31M	41.91M	45.81M	45.32M
Other Current Liabilities	30.04M	35M	39.9M	47.26M	55.02M	65.46M	72.46M	87.39M	92.45M	1.4B
Current Ratio	3.04x	3.72x	3.00x	3.50x	4.19x	4.85x	4.76x	4.81x	3.32x	3.70x
Quick Ratio	2.70x	3.27x	2.54x	2.96x	3.74x	4.24x	3.82x	3.97x	2.65x	3.15x
Cash Conversion Cycle	58.28	51.61	53.44	65.76	59.93	87.43	115.95	105.44	88.16	94.49
Total Non-Current Liabilities+	353.17M	335.45M	314.85M	317.97M	291.87M	272.76M	266.09M	296.09M	663.85M	287.06M
Long-Term Debt	0	0	0	0	0	0	0	0	373.95M	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	1.09M	2.62M	30.5M	27.43M	29.51M	42.29M	91.84M	110.89M	287.06M
Total Liabilities	823.76M	895.8M	915.99M	979.07M	1.04B	1.24B	1.27B	1.46B	1.76B	1.73B
Total Debt+	0	0	0	0	0	0	0	0	373.95M	0
Net Debt	-377.58M	-528.62M	-637.51M	-797.96M	-1.18B	-1.33B	-1.31B	-2.3B	-1.16B	-2.09B
Debt / Equity	-	-	-	-	-	-	-	-	0.06x	-
Debt / EBITDA	-	-	-	-	-	-	-	-	0.19x	-
Net Debt / EBITDA	-0.34x	-0.42x	-0.48x	-0.55x	-0.70x	-0.72x	-0.79x	-1.14x	-0.58x	-0.86x
Interest Coverage	-	-	-	-	-	-	-	-	69.19x	-
Total Equity+	3.33B	3.9B	3.61B	4.17B	5.16B	6.57B	7.03B	8.23B	5.96B	8.25B
Equity Growth %	-30.77%	16.98%	-7.3%	15.52%	23.72%	27.25%	6.98%	17.13%	-27.6%	38.54%
Book Value per Share	2.78	3.37	3.20	3.82	4.82	6.13	6.59	7.78	5.88	8.44
Total Shareholders' Equity	3.33B	3.9B	3.61B	4.17B	5.16B	6.57B	7.03B	8.23B	5.96B	8.25B
Common Stock	3.12M	3.15M	3.15M	3.18M	3.19M	3.2M	6.42M	5.61M	5.63M	5.67M
Retained Earnings	2.11B	2.93B	3.91B	5.02B	6.43B	7.81B	9B	5.94B	7.45B	9.35B
Treasury Stock	-2.81B	-3.17B	-4.51B	-5.22B	-5.82B	-5.83B	-6.6B	-2.57B	-6.37B	0
Accumulated OCI	-23.25M	-16.66M	-32.86M	-32.39M	3.03M	-69.17M	-159.07M	-125.34M	-269.49M	-60.84M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	701.36M	987.73M	1.16B	1.11B	1.36B	1.16B	887.7M	1.72B	1.93B	0
Operating CF Margin %	23%	29.32%	30.52%	26.51%	29.66%	20.86%	14.07%	24.06%	25.74%	-
Operating CF Growth %	237.21%	40.83%	17.63%	-4.14%	22.48%	-15.28%	-23.19%	93.51%	12.27%	-100%
Net Income	712.68M	820.68M	993M	1.11B	1.41B	1.38B	1.19B	1.63B	1.51B	0
Depreciation & Amortization	40.84M	48.89M	56.98M	64.81M	60.97M	50.16M	61.24M	68.9M	80.43M	0
Stock-Based Compensation	45.85M	52.28M	57.11M	63.36M	70.29M	70.48M	64.11M	68.84M	90.98M	0
Deferred Taxes	-19.09M	67.94M	-510K	1.26M	-156.87M	16.43M	48.18M	2.04M	-11.71M	0
Other Non-Cash Items	-204K	-1.16M	-783K	-252K	8.35M	3.09M	9.35M	6.86M	152.13M	0
Working Capital Changes	-78.73M	-890K	56.08M	-123.25M	-28.17M	-361.89M	-486.81M	-59.87M	107.64M	0
Change in Receivables	-106.36M	16.54M	-38.41M	-59.94M	-119.67M	-254.23M	-128.98M	-163.16M	-93.92M	166.62M
Change in Inventory	20.88M	-88.87M	-26.15M	-85.22M	30.3M	-277.79M	-347.71M	7.9M	211.5M	0
Change in Payables	45.34M	29.58M	9.85M	28.83M	18.7M	114.3M	49.77M	112.79M	-61.49M	-37.77M
Cash from Investing+	-256.19M	-531.54M	272.96M	-326.72M	-472.49M	-992.02M	-161.37M	-193.4M	733.73M	0
Capital Expenditures	-105.34M	-93.13M	-74.92M	-110.4M	-67.27M	-57.45M	-212.15M	-221.43M	-264.07M	0
CapEx % of Revenue	3.45%	2.76%	1.97%	2.63%	1.46%	1.04%	3.36%	3.1%	3.52%	-
Acquisitions	-688.49M	-8.28M	-8.69M	-7.5M	-17.56M	-12.26M	-329.47M	-363.38M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	814K	8.49M	1.17M	7.47M	-7.87M	2.23M	-25.03M	-17.6M	-37.99M	0
Cash from Financing+	-2.24B	-311.13M	-1.32B	-628.51M	-526.07M	34.82M	-706.94M	-542.6M	-3.33B	0
Debt Issued (Net)	-2.36M	-2.58M	-1.89M	-13.57M	-3.09M	2.93M	75K	-13.91M	366.78M	0
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-2.25B	-361.18M	-1.34B	-707.3M	-595.92M	-13.83M	-771.03M	-658.95M	-3.77B	0
Other Financing	0	0	0	0	0	0	0	130.27M	-2.9M	0
Net Change in Cash	-1.8B	151.04M	108.89M	160.44M	382.46M	146.05M	-19.32M	990.53M	-764.39M	0
Free Cash Flow+	596.02M	894.6M	1.09B	1B	1.3B	1.1B	675.55M	1.48B	1.62B	0
FCF Margin %	19.55%	26.55%	28.55%	23.89%	28.2%	19.82%	10.7%	20.77%	21.65%	-
FCF Growth %	260.15%	50.1%	21.5%	-7.69%	29.25%	-15.31%	-38.49%	119.53%	9.38%	-100%
FCF per Share	0.50	0.78	0.96	0.92	1.21	1.03	0.63	1.40	1.60	-
FCF Conversion (FCF/Net Income)	0.98x	1.20x	1.17x	1.01x	0.97x	0.84x	0.74x	1.05x	1.28x	-
Interest Paid	68K	75K	60K	320K	44K	134K	431K	363K	25.27M	0
Taxes Paid	431.27M	389.49M	200.77M	293.81M	355.51M	420.52M	380M	423.22M	476.22M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	17.51%	22.72%	26.46%	28.47%	30.21%	23.49%	17.53%	21.38%	21.27%	26.81%
Return on Invested Capital (ROIC)	29.14%	28.46%	30.37%	33.16%	33.31%	29.24%	21.69%	25.15%	26.99%	33.1%
Gross Margin	63.68%	63.45%	60.29%	59.95%	59.23%	56.1%	50.3%	53.14%	54.04%	55.85%
Net Margin	23.37%	24.36%	26.08%	26.37%	30.65%	24.86%	18.88%	22.84%	20.14%	22.97%
Debt / Equity	-	-	-	-	-	-	-	-	0.06x	-
Interest Coverage	-	-	-	-	-	-	-	-	69.19x	-
FCF Conversion	0.98x	1.20x	1.17x	1.01x	0.97x	0.84x	0.74x	1.05x	1.28x	-
Revenue Growth	12%	10.48%	13%	10.34%	9.47%	20.5%	13.89%	13.14%	4.94%	10.7%

Monster Beverage Corporation (MNST) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MNST vs Peers

vs CELH

vs BNKK

Compare Top 3

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Monster Beverage Corporation (MNST) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MNST vs Peers

vs CELH

vs BNKK

Compare Top 3

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios