Monster Beverage Corporation (MNST) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Beverages - Non-Alcoholic
EV/EBITDA
↑
35.08
↑+23% vs avg
5yr avg: 28.62
30Y Low5.6·High32.1
P/FCF
↓
46.28
-3% vs avg
5yr avg: 47.86
30Y Low9.7·High173.4
P/B Ratio
↑
11.09
↑+35% vs avg
5yr avg: 8.21
30Y Low1.2·High15.2
ROE
↑
26.8%
↓+21% vs avg
5yr avg: 22.1%
30Y Low5%·High68%
Debt/EBITDA
N/A
—
5yr avg: 0.19
30Y Low0.0·High3.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MNST Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Monster Beverage Corporation trades at 47.9x earnings, 23% above its 5-year average of 39.0x, sitting at the 97th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.7x, the stock trades at a premium of 157%. On a free-cash-flow basis, the stock trades at 46.3x P/FCF, roughly in line with the 5-year average of 47.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $91.0B | $75.5B | $53.2B | $61.0B | $54.1B | $51.4B | $49.5B | $34.7B | $27.8B | $36.5B | $26.6B |
| Enterprise Value | $88.9B | $73.4B | $52.1B | $58.7B | $52.8B | $50.1B | $48.3B | $33.9B | $27.1B | $36.0B | $26.2B |
| P/E Ratio → | 47.95 | 39.52 | 35.28 | 37.41 | 45.32 | 37.22 | 35.03 | 31.47 | 27.97 | 44.58 | 36.95 |
| P/S Ratio | 10.97 | 9.10 | 7.11 | 8.54 | 8.58 | 9.28 | 10.76 | 8.27 | 7.29 | 10.84 | 8.72 |
| P/B Ratio | 11.09 | 9.14 | 8.94 | 7.41 | 7.71 | 7.83 | 9.58 | 8.33 | 7.69 | 9.38 | 7.99 |
| P/FCF | 46.28 | 38.39 | 32.83 | 41.10 | 80.13 | 46.84 | 38.14 | 34.63 | 25.55 | 40.84 | 44.62 |
| P/OCF | 43.36 | 35.97 | 27.61 | 35.48 | 60.98 | 44.51 | 36.26 | 31.19 | 23.90 | 36.99 | 37.92 |
P/E links to full P/E history page with 30-year chart
MNST EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Monster Beverage Corporation's enterprise value stands at 35.1x EBITDA, 23% above its 5-year average of 28.6x. The Consumer Defensive sector median is 11.0x, placing the stock at a 219% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.85 | 6.95 | 8.21 | 8.37 | 9.04 | 10.50 | 8.08 | 7.13 | 10.69 | 8.60 |
| EV / EBITDA | 35.08 | 28.96 | 25.91 | 29.00 | 32.09 | 27.12 | 28.56 | 23.19 | 20.24 | 28.86 | 23.28 |
| EV / EBIT | 36.74 | 29.48 | 26.99 | 30.03 | 33.33 | 27.88 | 29.56 | 24.20 | 21.14 | 30.03 | 24.16 |
| EV / FCF | — | 37.33 | 32.11 | 39.55 | 78.20 | 45.63 | 37.23 | 33.83 | 24.96 | 40.25 | 43.99 |
MNST Profitability
Margins and return-on-capital ratios measuring operating efficiency
Monster Beverage Corporation earns an operating margin of 29.2%, significantly above the Consumer Defensive sector average of 3.4%. Operating margins have expanded from 27.4% to 29.2% over the past 3 years, signaling improving operational efficiency. ROE of 26.8% indicates solid capital efficiency, compared to the sector median of 6.5%. ROIC of 33.1% represents excellent returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.8% | 55.8% | 54.0% | 53.1% | 50.3% | 56.1% | 59.2% | 60.0% | 60.3% | 63.5% | 63.7% |
| Operating Margin | 29.2% | 29.2% | 25.8% | 27.4% | 25.1% | 32.4% | 35.5% | 33.4% | 33.7% | 35.6% | 35.6% |
| Net Profit Margin | 23.0% | 23.0% | 20.1% | 22.8% | 18.9% | 24.9% | 30.7% | 26.4% | 26.1% | 24.4% | 23.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.8% | 26.8% | 21.3% | 21.4% | 17.5% | 23.5% | 30.2% | 28.5% | 26.5% | 22.7% | 17.5% |
| ROA | 21.5% | 21.5% | 17.3% | 18.1% | 14.8% | 19.7% | 24.8% | 22.9% | 21.3% | 18.4% | 14.7% |
| ROIC | 33.1% | 33.1% | 27.0% | 25.2% | 21.7% | 29.2% | 33.3% | 33.2% | 30.4% | 28.5% | 29.1% |
| ROCE | 31.9% | 31.9% | 25.5% | 24.7% | 22.4% | 29.2% | 32.9% | 33.3% | 31.5% | 30.3% | 24.5% |
MNST Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $2.1B exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 377.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.06 | — | — | — | — | — | — | — | — |
| Debt / EBITDA | — | — | 0.19 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.25 | -0.19 | -0.28 | -0.19 | -0.20 | -0.23 | -0.19 | -0.18 | -0.14 | -0.11 |
| Net Debt / EBITDA | -0.82 | -0.82 | -0.58 | -1.14 | -0.79 | -0.72 | -0.70 | -0.55 | -0.48 | -0.42 | -0.34 |
| Debt / FCF | — | -1.06 | -0.71 | -1.55 | -1.93 | -1.21 | -0.91 | -0.80 | -0.59 | -0.59 | -0.63 |
| Interest Coverage | 377.14 | 377.14 | 69.19 | — | — | — | — | — | — | — | — |
Net cash position: cash ($2.1B) exceeds total debt ($0)
MNST Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Monster Beverage Corporation's current ratio of 3.70x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.15x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 4.81x to 3.70x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.70 | 3.70 | 3.32 | 4.81 | 4.76 | 4.85 | 4.19 | 3.50 | 3.00 | 3.72 | 3.04 |
| Quick Ratio | 3.15 | 3.15 | 2.65 | 3.97 | 3.82 | 4.24 | 3.74 | 2.96 | 2.54 | 3.27 | 2.70 |
| Cash Ratio | 1.91 | 1.91 | 1.40 | 2.80 | 2.66 | 3.19 | 2.75 | 2.01 | 1.59 | 2.14 | 1.27 |
| Asset Turnover | — | 0.83 | 0.97 | 0.74 | 0.76 | 0.71 | 0.74 | 0.82 | 0.84 | 0.70 | 0.73 |
| Inventory Turnover | 4.58 | 4.58 | 4.67 | 3.44 | 3.35 | 4.10 | 5.63 | 4.66 | 5.44 | 4.81 | 6.84 |
| Days Sales Outstanding | — | 71.20 | 59.51 | 61.04 | 58.77 | 59.06 | 52.86 | 46.95 | 46.46 | 48.70 | 68.59 |
MNST Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Monster Beverage Corporation returns 0.1% to shareholders annually primarily through share buybacks. The earnings yield of 2.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.5% | 2.8% | 2.7% | 2.2% | 2.7% | 2.9% | 3.2% | 3.6% | 2.2% | 2.7% |
| FCF Yield | 2.2% | 2.6% | 3.0% | 2.4% | 1.2% | 2.1% | 2.6% | 2.9% | 3.9% | 2.4% | 2.2% |
| Buyback Yield | 0.1% | 0.1% | 7.1% | 1.1% | 1.4% | 0.0% | 1.2% | 2.0% | 4.8% | 1.0% | 8.5% |
| Total Shareholder Yield | 0.1% | 0.1% | 7.1% | 1.1% | 1.4% | 0.0% | 1.2% | 2.0% | 4.8% | 1.0% | 8.5% |
| Shares Outstanding | — | $984M | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.2B |
Peer Comparison
Compare MNST with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MNSTYou | $91B | 47.9 | 35.1 | 46.3 | 55.8% | 29.2% | 26.8% | 33.1% | — |
 CELH | $7B | 116.5 | 15.5 | 23.0 | 50.4% | 18.6% | 5.2% | 19.7% | 1.3 |
 FIZZ | $3B | 17.0 | 11.9 | 18.6 | 37.0% | 19.6% | 37.2% | 57.9% | 0.3 |
 KO | $342B | 26.2 | 25.5 | 64.6 | 61.6% | 28.7% | 43.2% | 15.8% | 3.1 |
 PEP | $192B | 23.4 | 16.3 | 25.1 | 54.1% | 12.2% | 42.6% | 14.9% | 3.5 |
 KDP | $42B | 20.2 | 13.0 | 27.9 | 52.4% | 22.0% | 8.4% | 6.7% | 3.7 |
 CCK | $12B | 16.2 | 8.1 | 10.6 | 18.3% | 13.2% | 21.9% | 14.1% | 3.0 |
 SEE | $6B | 12.3 | 14.3 | 13.5 | 29.8% | 13.5% | 54.3% | 11.2% | 5.9 |
 SFM | $8B | 15.2 | 9.3 | 16.3 | 37.1% | 7.8% | 38.4% | 17.8% | 2.0 |
 COST | $422B | 52.2 | 32.5 | 53.8 | 12.8% | 3.8% | 30.7% | 34.5% | 0.6 |
 BYND | $320M | -0.4 | — | — | 2.8% | -84.7% | — | -44.4% | — |
| Consumer Defensive Median | — | 18.7 | 11.0 | 15.6 | 40.7% | 3.4% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into MNST consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
MNST — Frequently Asked Questions
Quick answers to the most common questions about buying MNST stock.
What is Monster Beverage Corporation's P/E ratio?
Monster Beverage Corporation's current P/E ratio is 47.9x. The historical average is 28.7x. This places it at the 97th percentile of its historical range.
What is Monster Beverage Corporation's EV/EBITDA?
Monster Beverage Corporation's current EV/EBITDA is 35.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.2x.
What is Monster Beverage Corporation's ROE?
Monster Beverage Corporation's return on equity (ROE) is 26.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 28.5%.
Is MNST stock overvalued?
Based on historical data, Monster Beverage Corporation is trading at a P/E of 47.9x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Monster Beverage Corporation's profit margins?
Monster Beverage Corporation has 55.8% gross margin and 29.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.