Monster Beverage Corp
MNST· Nasdaq· Bottled & Canned Soft Drinks & Carbonated Waters
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 23.7%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +12.5%
We record prices for the companies we cover; MNST is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 984.5M
- Revenue
- $8.3B
- Free cash flow
- $2.0B
- Owner earnings
- $1.8B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 55.8%
- Operating
- 29.2%
- Net
- –
- Free cash flow
- 23.7%
- Owner earnings
- 22.2%
- Stock pay
- 1.5%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 9.5%
- Revenue, 5 yr
- 12.5%
- Revenue, 9 yr
- 11.8%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- 41.2%
- Free cash flow, 5 yr
- 8.4%
- Free cash flow, 9 yr
- 14.1%
Financial health · FY2025
- Cash and investments
- $2.8B
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -1.6%
Financials: ten years from the 10-Ks
Revenue
$8.3B
+11.8% a year over 9 years
FY2016FY2025
Margins
Gross55.8%Operating29.2%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$2.0BOwner earnings$1.8B
Free cash flow +14.1% a year
FY2016FY2025
Diluted shares
984.5M
-17.9% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net cash
–
$1.2B more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $3.0B | $3.4B | $3.8B | $4.2B | $4.6B | $5.5B | $6.3B | $7.1B | $7.5B | $8.3B |
| Revenue growth | – | 10.5% | 13.0% | 10.3% | 9.5% | 20.5% | 13.9% | 13.1% | 4.9% | 10.7% |
| Gross margin | 63.7% | 63.5% | 60.3% | 60.0% | 59.2% | 56.1% | 50.3% | 53.1% | 54.0% | 55.8% |
| Operating margin | 35.6% | 35.6% | 33.7% | 33.4% | 35.5% | 32.4% | 25.1% | 27.4% | 25.8% | 29.2% |
| Net income | – | – | – | – | – | – | – | – | – | – |
| Net margin | – | – | – | – | – | – | – | – | – | – |
| Diluted EPS | – | – | – | – | – | – | – | – | – | – |
| Return on invested capital? | – | – | – | – | – | – | – | – | 30.5% | – |
| Cash | ||||||||||
| Operating cash flow | $701.4M | $987.7M | $1.2B | $1.1B | $1.4B | $1.2B | $887.7M | $1.7B | $1.9B | $2.1B |
| Capital expenditure | $99.8M | $83.4M | $61.9M | $101.7M | $48.7M | $43.9M | $188.7M | $221.4M | $264.1M | $132.3M |
| Free cash flow | $601.5M | $904.3M | $1.1B | $1.0B | $1.3B | $1.1B | $699.0M | $1.5B | $1.7B | $2.0B |
| Stock-based compensation | $45.8M | $52.3M | $57.1M | $63.4M | $70.3M | $70.5M | $64.1M | $68.8M | $91.0M | $125.7M |
| Owner earnings? | $555.7M | $852.0M | $1.0B | $948.7M | $1.2B | $1.0B | $634.9M | $1.4B | $1.6B | $1.8B |
| Free cash flow per share | $0.50 | $0.78 | $0.97 | $0.93 | $1.23 | $1.04 | $0.66 | $1.41 | $1.64 | $2.00 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | $2.3B | $361.2M | $1.3B | $707.3M | $595.9M | $13.8M | $771.0M | $659.0M | $3.8B | $103.6M |
| Diluted shares | 1.20Bs | 1.15Bs | 1.13Bs | 1.09Bs | 1.07Bs | 1.07B | 1.07B | 1.06B | 1.01B | 984.5M |
| Share count change? | – | -3.8% | -2.2% | -3.1% | -2.2% | 0.2% | -0.5% | -0.8% | -4.2% | -2.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $377.6M | $528.6M | $637.5M | $798.0M | $1.2B | $1.3B | $1.3B | $2.3B | $1.5B | $2.1B |
| Short-term investments | $220.6M | $672.9M | $320.6M | $533.1M | $881.4M | $1.7B | $1.4B | $955.6M | $0 | $677.1M |
| Total debt | – | – | – | – | – | – | – | – | $374.0M | – |
| Net debt | – | – | – | – | – | – | – | – | -$1.2B | – |
| Shareholders' equity | $3.3B | $3.9B | $3.6B | $4.2B | $5.2B | $6.6B | $7.0B | $8.2B | $6.0B | $8.3B |
Latest filings
| 2026-08-07 | 10-Q | Quarterly report |
| 2026-08-06 | 8-K | Earnings release |
| 2026-05-08 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-03-27 | DEF 14A | Proxy statement |
| 2026-02-27 | 10-K | Annual report |
| 2026-02-26 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
| 2025-08-08 | 10-Q | Quarterly report |
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