Molson Coors Beverage Company (TAP) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Beverages - Alcoholic
EV/EBITDA
↓
N/A
—
5yr avg: 10.88
30Y Low4.0·High33.7
P/FCF
↓
7.58
↓-25% vs avg
5yr avg: 10.13
30Y Low5.6·High117.9
P/B Ratio
↑
0.80
-8% vs avg
5yr avg: 0.87
30Y Low0.7·High3.2
ROE
↓
-17.8%
↑-2301% vs avg
5yr avg: 0.8%
30Y Low-18%·High21%
Debt/EBITDA
↓
N/A
—
5yr avg: 4.12
30Y Low0.4·High16.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TAP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Molson Coors Beverage Company currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 7.6x P/FCF, 25% below the 5-year average of 10.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.1B | $9.1B | $12.0B | $13.3B | $11.2B | $10.1B | $9.8B | $11.7B | $12.2B | $17.8B | $20.8B |
| Enterprise Value | $13.5B | $14.5B | $17.3B | $18.7B | $17.2B | $16.7B | $17.3B | $20.3B | $21.6B | $28.7B | $32.3B |
| P/E Ratio → | -3.98 | — | 10.71 | 14.01 | — | 10.03 | — | 48.56 | 10.90 | 12.57 | 10.51 |
| P/S Ratio | 0.73 | 0.82 | 1.03 | 1.14 | 1.04 | 0.98 | 1.01 | 1.11 | 1.13 | 1.61 | 4.25 |
| P/B Ratio | 0.80 | 0.87 | 0.89 | 0.99 | 0.87 | 0.74 | 0.78 | 0.86 | 0.89 | 1.32 | 1.79 |
| P/FCF | 7.58 | 8.56 | 9.73 | 9.45 | 13.29 | 9.60 | 8.74 | 8.97 | 7.24 | 14.03 | 26.45 |
| P/OCF | 4.54 | 5.12 | 6.30 | 6.40 | 7.44 | 6.41 | 5.78 | 6.16 | 5.22 | 9.52 | 18.43 |
P/E links to full P/E history page with 30-year chart
TAP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.30 | 1.48 | 1.60 | 1.61 | 1.62 | 1.79 | 1.91 | 2.01 | 2.61 | 6.61 |
| EV / EBITDA | — | — | 6.87 | 8.82 | 20.40 | 7.43 | 33.72 | 12.47 | 8.67 | 11.51 | 8.70 |
| EV / EBIT | — | — | 9.66 | 12.58 | 91.34 | 11.11 | — | 26.62 | 12.96 | 16.54 | 9.71 |
| EV / FCF | — | 13.62 | 13.96 | 13.29 | 20.44 | 15.85 | 15.44 | 15.54 | 12.86 | 22.63 | 41.11 |
TAP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Molson Coors Beverage Company earns an operating margin of -21.0%, below the Consumer Defensive sector average of 1.1%. Operating margins have compressed from 12.3% to -21.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -17.8% indicates the company is currently destroying shareholder equity.
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 | 37.6% | 37.6% | 39.0% | 37.3% | 34.2% | 39.4% | 39.0% | 39.7% | 38.9% | 43.3% | 38.6% |
| Operating Margin | -21.0% | -21.0% | 15.1% | 12.3% | 1.5% | 14.1% | -4.2% | 7.2% | 15.2% | 15.2% | 68.0% |
| Net Profit Margin | -19.2% | -19.2% | 9.7% | 8.1% | -1.6% | 9.8% | -9.8% | 2.3% | 10.4% | 12.9% | 40.4% |
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 | -17.8% | -17.8% | 8.3% | 7.2% | -1.3% | 7.7% | -7.2% | 1.8% | 8.2% | 11.3% | 21.1% |
| ROA | -8.8% | -8.8% | 4.3% | 3.6% | -0.7% | 3.7% | -3.4% | 0.8% | 3.7% | 4.7% | 9.5% |
| ROIC | -10.1% | -10.1% | 7.0% | 5.7% | 0.6% | 5.4% | -1.4% | 2.5% | 5.2% | 5.3% | 15.2% |
| ROCE | -11.6% | -11.6% | 7.7% | 6.4% | 0.7% | 6.1% | -1.7% | 3.0% | 6.2% | 6.3% | 17.8% |
TAP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $5.4B ($6.3B total debt minus $897M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.60 | 0.60 | 0.46 | 0.47 | 0.51 | 0.53 | 0.66 | 0.66 | 0.76 | 0.84 | 1.04 |
| Debt / EBITDA | — | — | 2.46 | 2.96 | 7.84 | 3.22 | 16.13 | 5.60 | 4.21 | 4.54 | 3.25 |
| Net Debt / Equity | — | 0.51 | 0.39 | 0.40 | 0.47 | 0.48 | 0.59 | 0.63 | 0.69 | 0.81 | 0.99 |
| Net Debt / EBITDA | — | — | 2.08 | 2.55 | 7.13 | 2.93 | 14.63 | 5.27 | 3.79 | 4.37 | 3.10 |
| Debt / FCF | — | 5.06 | 4.23 | 3.84 | 7.15 | 6.25 | 6.70 | 6.57 | 5.61 | 8.60 | 14.66 |
| Interest Coverage | -10.34 | -10.34 | 6.39 | 6.50 | 0.80 | 5.73 | -1.29 | 2.52 | 5.31 | 5.01 | 11.28 |
TAP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.55x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.70x to 0.55x 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 | 0.55 | 0.55 | 0.94 | 0.70 | 0.78 | 0.77 | 0.62 | 0.59 | 0.64 | 0.64 | 0.69 |
| Quick Ratio | 0.42 | 0.42 | 0.70 | 0.50 | 0.55 | 0.54 | 0.45 | 0.42 | 0.51 | 0.47 | 0.50 |
| Cash Ratio | 0.17 | 0.17 | 0.32 | 0.21 | 0.18 | 0.18 | 0.20 | 0.14 | 0.25 | 0.12 | 0.18 |
| Asset Turnover | — | 0.49 | 0.45 | 0.44 | 0.41 | 0.37 | 0.35 | 0.37 | 0.36 | 0.36 | 0.17 |
| Inventory Turnover | 9.71 | 9.71 | 9.75 | 9.14 | 8.89 | 7.74 | 8.86 | 10.36 | 11.13 | 10.54 | 5.06 |
| Days Sales Outstanding | — | 23.03 | 26.46 | 27.43 | 29.55 | 31.22 | 25.98 | 28.30 | 29.52 | 29.92 | 60.17 |
TAP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Molson Coors Beverage Company returns 12.5% to shareholders annually — split between a 4.5% dividend yield and 8.0% buyback yield.
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 | 4.5% | 4.1% | 3.1% | 2.7% | 2.9% | 1.5% | 1.3% | 3.6% | 2.9% | 2.0% | 1.7% |
| Payout Ratio | — | — | 32.9% | 37.4% | — | 14.7% | — | 175.6% | 31.7% | 25.0% | 17.9% |
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 | — | — | 9.3% | 7.1% | — | 10.0% | — | 2.1% | 9.2% | 8.0% | 9.5% |
| FCF Yield | 13.2% | 11.7% | 10.3% | 10.6% | 7.5% | 10.4% | 11.4% | 11.1% | 13.8% | 7.1% | 3.8% |
| Buyback Yield | 8.0% | 7.1% | 5.3% | 1.5% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 12.5% | 11.2% | 8.4% | 4.2% | 3.4% | 1.5% | 1.3% | 3.6% | 2.9% | 2.0% | 1.7% |
| Shares Outstanding | — | $196M | $210M | $217M | $217M | $218M | $217M | $217M | $217M | $217M | $213M |
Peer Comparison
Compare TAP 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 |
|---|---|---|---|---|---|---|---|---|---|
 TAPYou | $8B | -4.0 | — | 7.6 | 37.6% | -21.0% | -17.8% | -10.1% | — |
 BUD | $138B | 28.1 | 9.5 | 12.3 | 55.3% | 25.9% | 6.5% | 7.5% | 3.4 |
 SAM | $2B | 20.5 | 8.5 | 10.1 | 45.6% | 6.9% | 12.3% | 15.5% | 0.2 |
 STZ | $26B | -333.9 | 9.4 | 13.4 | 51.0% | 35.5% | -0.9% | 13.0% | 3.0 |
 BG | $24B | 25.2 | 22.6 | — | 4.5% | 1.5% | 5.8% | 3.3% | 9.6 |
 ADM | $37B | 34.8 | 17.2 | 8.9 | 6.3% | 1.8% | 4.7% | 3.3% | 3.2 |
 CCK | $11B | 15.8 | 8.0 | 10.3 | 18.3% | 13.2% | 21.9% | 14.1% | 3.0 |
 BALL | $16B | 17.7 | 10.6 | 19.7 | 14.9% | 10.6% | 16.1% | 9.4% | 3.5 |
 SEE | $6B | 12.3 | 14.3 | 13.5 | 29.8% | 13.5% | 54.3% | 11.2% | 5.9 |
 SYY | $35B | 19.5 | 11.6 | 19.6 | 18.4% | 3.8% | 97.5% | 15.7% | 3.5 |
 DEO | $46B | 19.7 | 11.3 | 17.3 | 60.1% | 21.4% | 18.6% | 9.6% | 4.0 |
| Consumer Defensive Median | — | 19.4 | 11.3 | 15.0 | 40.1% | 1.1% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonTAP — Frequently Asked Questions
Quick answers to the most common questions about buying TAP stock.
What is Molson Coors Beverage Company's P/E ratio?
Molson Coors Beverage Company's current P/E ratio is -4.0x. The historical average is 19.8x.
What is Molson Coors Beverage Company's ROE?
Molson Coors Beverage Company's return on equity (ROE) is -17.8%. The historical average is 7.5%.
Is TAP stock overvalued?
Based on historical data, Molson Coors Beverage Company is trading at a P/E of -4.0x. Compare with industry peers and growth rates for a complete picture.
What is Molson Coors Beverage Company's dividend yield?
Molson Coors Beverage Company's current dividend yield is 4.46%.
What are Molson Coors Beverage Company's profit margins?
Molson Coors Beverage Company has 37.6% gross margin and -21.0% operating margin.