30 years of historical data (1996–2025) · Consumer Defensive · Beverages - Non-Alcoholic
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Monster Beverage Corporation trades at 44.0x earnings, 13% above its 5-year average of 39.0x, sitting at the 90th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 21.6x, the stock trades at a premium of 104%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $83.4B | — | $53.2B | $61.0B | $54.1B | $51.4B | $49.5B | $34.7B | $27.8B | $36.5B | $26.6B |
| Enterprise Value | $81.3B | — | $52.1B | $58.7B | $52.8B | $50.1B | $48.3B | $33.9B | $27.1B | $36.0B | $26.2B |
| P/E Ratio → | 43.97 | 39.52 | 35.28 | 37.41 | 45.32 | 37.22 | 35.03 | 31.47 | 27.97 | 44.58 | 36.95 |
| P/S Ratio | 10.06 | — | 7.11 | 8.54 | 8.58 | 9.28 | 10.76 | 8.27 | 7.29 | 10.84 | 8.72 |
| P/B Ratio | 10.11 | 9.09 | 8.94 | 7.41 | 7.71 | 7.83 | 9.58 | 8.33 | 7.69 | 9.38 | 7.99 |
| P/FCF | — | — | 32.83 | 41.10 | 80.13 | 46.84 | 38.14 | 34.63 | 25.55 | 40.84 | 44.62 |
| P/OCF | — | — | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
Monster Beverage Corporation's enterprise value stands at 33.6x EBITDA, 18% above its 5-year average of 28.5x. The Consumer Defensive sector median is 12.3x, placing the stock at a 173% 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 | — | — | 6.95 | 8.21 | 8.37 | 9.04 | 10.50 | 8.08 | 7.13 | 10.69 | 8.60 |
| EV / EBITDA | 33.62 | — | 25.91 | 29.00 | 32.09 | 27.12 | 28.56 | 23.19 | 20.24 | 28.86 | 23.28 |
| EV / EBIT | 33.62 | — | 26.99 | 30.03 | 33.33 | 27.88 | 29.56 | 24.20 | 21.14 | 30.03 | 24.16 |
| EV / FCF | — | — | 32.11 | 39.55 | 78.20 | 45.63 | 37.23 | 33.83 | 24.96 | 40.25 | 43.99 |
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 1.1%. 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 7.8%. ROIC of 33.1% represents excellent returns on invested capital versus a sector median of 5.7%.
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% |
| 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% |
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.
| 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 | -0.86 | -0.86 | -0.58 | -1.14 | -0.79 | -0.72 | -0.70 | -0.55 | -0.48 | -0.42 | -0.34 |
| Debt / FCF | — | — | -0.71 | -1.55 | -1.93 | -1.21 | -0.91 | -0.80 | -0.59 | -0.59 | -0.63 |
| Interest Coverage | — | — | 69.19 | — | — | — | — | — | — | — | — |
Net cash position: cash ($2.1B) exceeds total debt ($0)
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 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Monster Beverage Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.3% | 2.5% | 2.8% | 2.7% | 2.2% | 2.7% | 2.9% | 3.2% | 3.6% | 2.2% | 2.7% |
| FCF Yield | — | — | 3.0% | 2.4% | 1.2% | 2.1% | 2.6% | 2.9% | 3.9% | 2.4% | 2.2% |
| Buyback Yield | 0.0% | — | 7.1% | 1.1% | 1.4% | 0.0% | 1.2% | 2.0% | 4.8% | 1.0% | 8.5% |
| Total Shareholder Yield | 0.0% | — | 7.1% | 1.1% | 1.4% | 0.0% | 1.2% | 2.0% | 4.8% | 1.0% | 8.5% |
| Shares Outstanding | — | $0 | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.2B |
Compare MNST with 2 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| MNSTYou | $83B | 44.0 | 33.6 | — | 55.8% | 29.2% | 26.8% | 33.1% | — |
| CELH | $14B | 119.1 | 79.4 | 57.7 | 50.2% | 11.5% | 12.5% | 33.9% | 0.1 |
| BNKK | $21M | -4.3 | — | — | -348.4% | -5991.4% | -1487.3% | -621.2% | — |
| Consumer Defensive Median | — | 21.6 | 12.3 | 16.4 | 40.7% | 1.1% | 7.8% | 5.7% | 3.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonMonster Beverage Corporation's current P/E ratio is 44.0x. The historical average is 28.7x. This places it at the 90th percentile of its historical range.
Monster Beverage Corporation's current EV/EBITDA is 33.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.9x.
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%.
Based on historical data, Monster Beverage Corporation is trading at a P/E of 44.0x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Monster Beverage Corporation has 55.8% gross margin and 29.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.