— Know what they know.
/
Not Investment Advice

MNST

NASDAQ · USD
Monster Beverage Corporation
Consumer Defensive · Beverages - Non-Alcoholic
CEO Hilton H. Schlosberg Employees 6,891 R&D / revenue 0.0%
Last price
$45.73+0.86%last session
Market cap
$89.6B
P/E (TTM)
42.0x
From 52w high
−8.8%
From 52w low
+38.8%
1-year return
+30.4%
RSI 14 · vs SMA200
62.7 · +7.1%
IS score
77.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

MNST   SPY   XLP (sector ETF) · weekly closes
100110120130140Jan 26Apr 26Jul 26Oct 26MNST 130SPY 116XLP 111

Score DNA

Each bar is a 0-100 score within the scored universe
93
Profitability
75
Growth
30
Value
91
Momentum
100
Risk (safety)
89
Quality
96
Balance sheet
72
Earnings quality

Flags

Strengths
✓ Net cash✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: Wide, Efficient ScalePiotroski 7 / 9Altman Z 31.6Beta 0.523 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
5 open-market sales, $15.5M
Form 144 notices (12m): 6, $30.2M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
10
Last disclosed purchase 2026-07-17
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+130
230 new holders, 85 closed
1,365 filers hold 34.0% · 510 added, 462 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+323
1,454 funds adding shares
1,131 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
41.8%
20-day avg 36.2%, 50-day avg 38.9%
Latest 5.6 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$8.3B
Revenue growth YoY+10.7%
Gross margin55.8%
Operating income$2.4B
Operating margin29.2%
Net income$1.9B
Net margin23.0%
EPS (diluted)$1.94
Cash flow
Operating cash flow$2.1B
Capital expenditure$132.3M
Free cash flow$2.0B
FCF conversion (FCF / OCF)93.7%
Stock-based compensation$125.7M
FCF less SBC$1.8B
Buybacks$103.6M
Dividends$0
Balance sheet & returns
Cash & short-term investments$2.8B
Total debt$0
Net cash$2.8B
Shareholders' equity$8.3B
Goodwill & intangibles$2.7B
Debt / equity0.00
ROE (TTM)25.0%
ROIC (TTM)21.3%
Operating margin by fiscal year
32.4%FY202125.1%FY202227.4%FY202325.8%FY202429.2%FY2025
Revenue $5.5B (FY2021) to $8.3B (FY2025), a 10.6% CAGR.

Valuation

P/E (TTM)42.0x
EV / EBITDA30.2x
Price / sales9.72x
Price / FCF42.7x
FCF yield2.34%
Buyback yield0.12%
SBC / revenue1.5%
Price / book9.56x
Forward P/E FY202639.4x
Forward P/E FY202734.9x
Forward P/E FY202830.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $97.50 across 4 analysts last quarter is theirs, not ours.

MNST vs industry median

78 companies in Beverages - Non-Alcoholic
Gross margin 55.5% 37.9% Operating margin 29.2% 8.0% Net margin 23.1% 4.5% ROIC 21.3% 10.8%
MNST (TTM)Industry median Asset turnover 0.81 vs industry 0.77 · financial leverage 1.22

Earnings delivery

Next report 2026-11-05 · consensus EPS $0.30
50%
beat rate, 6 of 12 quarters
+1.2%
median EPS surprise
5
longest beat streak
+0+2+0-2-9-7-5+2+8+17+5+3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-03 to 2026-08-06. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
MNST Monster Beverage Corporation $89.6B42.0x25.0%23.1%+10.7% +30.4%
KDP Keurig Dr Pepper Inc. $47.1B34.8x5.7%1.9%+27.5% +24.9%
PEP PepsiCo, Inc. $179.2B16.5x52.3%12.1%+6.4% −13.0%
FMX Fomento Económico Mexicano, $43.1B23.0x31.1%2.4%−70.9% +32.6%
KO The Coca-Cola Company $404.0B28.2x44.2%33.1%+6.5% +39.8%
COKE Coca-Cola Consolidated, Inc. $16.5B26.1x97.3%7.7%+10.7% —
MDLZ Mondelez International, Inc. $81.6B23.4x13.3%16.5%+6.9% —
CL Colgate-Palmolive Company $75.0B37.0x434.3%12.9%+5.2% —
12-month window: SPY +15.9%, sector ETF XLP +11.4%. Past returns describe history only.

Recent 8-K filings

2026-09-25Officer/Director Change
2026-09-04Officer/Director Change
2026-08-06Earnings Release; Regulation FD; Exhibits
2026-07-08Other Events; Exhibits
2026-06-04Officer/Director Change
2026-05-15Shareholder Vote; Other Events; Exhibits

Context

Shares outstanding1,959,050,000
Free float70.9%
Institutional ownership34.0%
Beta0.52
Dividend yield0.00%
Last dividend$0.01 on 1990-11-08
50 / 200-day average$44.76 / $42.64
Large-cap Consumer Defensive median P/E23.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Wide).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where MNST sits among 10 scored companies in Beverages - Non-Alcoholic (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMNSTIndustry medianIndustry percentileSector median
P/E (TTM) 42.1x 30.4x
78th		 20.0x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 9.7x 2.3x
100th		 1.1x
Price / book 9.6x 8.0x
88th		 2.5x
Price / tangible book 14.3x 11.1x
80th		 4.0x
Price / free cash flow 42.7x 22.1x
100th		 14.7x
Price / operating cash flow 40.0x 17.5x
100th		 9.4x
Enterprise value $86.2B $15.7B
78th		 $5.1B
EV / sales 9.3x 2.7x
100th		 1.3x
EV / EBITDA 29.9x 19.9x
88th		 12.3x
EV / EBIT 31.2x 21.8x
88th		 16.5x
EV / free cash flow 41.1x 29.4x
100th		 18.2x
Earnings yield 2.4% 3.3%
22nd		 3.9%
FCF yield 2.3% 4.6%
0th		 6.5%
Operating cash flow yield 2.5% 5.7%
0th		 10.4%
Graham number (per share) $10.71 $16.45
25th		 $35.68

Profitability (TTM)

MeasureMNSTIndustry medianIndustry percentileSector median
Gross margin 55.5% 44.9%
89th		 34.4%
EBITDA margin 31.3% 19.8%
89th		 10.7%
Operating margin 29.2% 16.1%
89th		 7.6%
EBIT margin 30.0% 15.1%
89th		 6.9%
Net margin 23.1% 9.1%
89th		 3.3%
NOPAT margin 22.3% 12.5%
89th		 4.8%
FCF margin 22.8% 12.2%
89th		 7.6%
Operating cash flow margin 24.3% 15.3%
89th		 11.1%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 27.9%
0th		 21.1%
Stock comp / revenue 1.5% 0.5%
89th		 0.5%
Effective tax rate 23.4% 23.5%
44th		 23.2%

Returns on capital

MeasureMNSTIndustry medianIndustry percentileSector median
ROE (on average equity) 25.7% 31.2%
33rd		 10.4%
ROA 21.2% 10.5%
78th		 4.9%
ROIC 34.7% 19.3%
67th		 8.2%
ROCE 28.6% 25.4%
67th		 9.1%
Return on tangible assets 27.5% 17.8%
67th		 7.2%
Cash ROIC (OCF / invested capital) 37.7% 25.8%
62nd		 15.0%
Gross profitability (GP / assets) 45.0% 46.3%
44th		 32.4%
ROIC, 3-yr average 39.8% 18.7%
83rd		 6.4%
ROIC, 5-yr average 42.8% 18.7%
86th		 7.8%
ROE, 5-yr average 21.9% 31.5%
43rd		 11.4%
Incremental ROIC 39.3% 27.1%
56th		 12.8%

Growth

MeasureMNSTIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 20.4% 15.5%
56th		 3.8%
Revenue growth (QoQ) 7.8% 10.8%
33rd		 4.3%
Revenue CAGR, 3 yr 11.3% 5.7%
62nd		 3.8%
Revenue CAGR, 5 yr 12.4% 7.1%
86th		 5.1%
Gross profit CAGR, 3 yr 13.6% 6.3%
75th		 4.0%
Operating income CAGR, 3 yr 13.9% 9.2%
86th		 4.3%
Net income growth (TTM YoY) 35.2% -5.9%
75th		 5.6%
Net income CAGR, 3 yr 14.0% 7.2%
86th		 5.4%
EPS growth (TTM YoY) -32.7% -5.8%
12th		 4.7%
EPS CAGR, 3 yr -7.4% 6.9%
14th		 6.8%
EPS CAGR, 5 yr -5.6% 6.4%
0th		 4.1%
FCF growth (TTM YoY) 15.3% 35.3%
25th		 23.4%
FCF CAGR, 3 yr 16.4% 14.7%
75th		 14.6%
Operating cash flow CAGR, 3 yr 13.8% 10.9%
75th		 6.4%
Book value CAGR, 3 yr -13.8% 3.5%
14th		 5.3%
Dividend CAGR, 3 yr —
Sustainable growth rate 25.7% 6.2%
78th		 8.3%

Margin history & stability

MeasureMNSTIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 54.8% 49.9%
88th		 34.7%
Operating margin, 3-yr average 27.8% 15.7%
100th		 6.7%
Net margin, 3-yr average 22.2% 10.4%
88th		 4.2%
FCF margin, 3-yr average 22.4% 13.7%
100th		 6.5%
Revenue stability (0-1) 0.96 0.90
88th		 0.81
Earnings stability (0-1) 0.56 0.24
62nd		 0.34
Margin stability (0-1) 0.96 0.96
62nd		 0.95

Liquidity (latest quarter)

MeasureMNSTIndustry medianIndustry percentileSector median
Cash & short-term investments $3.4B $1.1B
67th		 $279.3M
Net cash (− = net debt) $3.4B −$1.2B
89th		 −$1.0B
Working capital $4.7B $321.0M
89th		 $285.9M
Current ratio 3.73 1.26
100th		 1.43
Quick ratio 3.22 1.12
100th		 0.86
Cash ratio (cash + ST investments / current liabilities) 1.99 0.63
89th		 0.28
Defensive interval (days) 799 days 386 days
89th		 251 days

Leverage & solvency (latest quarter)

MeasureMNSTIndustry medianIndustry percentileSector median
Total debt $0 $4.2B
0th		 $1.8B
Debt / equity 0.00 1.17
0th		 0.75
Net debt / equity −0.37 0.01
25th		 0.55
Debt / assets 0.0% 35.4%
0th		 31.6%
Debt / capital 0.0% 53.9%
0th		 43.0%
Debt / EBITDA 0.00 2.29
0th		 2.69
Net debt / EBITDA −1.19 0.76
22nd		 2.14
Interest coverage (EBIT / interest) 1,973.5x 6.6x
100th		 4.7x
Cash interest coverage 1,599.1x 9.8x
100th		 8.2x
Debt payback (years of OCF) 0.0 yrs 2.0 yrs
0th		 2.8 yrs
Liabilities / assets 17.7% 63.5%
0th		 56.2%
IS credit model rating AA — —
Implied credit spread (bps) 80 138
22nd		 225

Efficiency

MeasureMNSTIndustry medianIndustry percentileSector median
Asset turnover 0.92 0.91
56th		 0.94
Fixed asset turnover 8.41 4.71
78th		 4.44
Inventory turnover 5.4 5.2
56th		 6.0
Receivables turnover 5.4 10.3
11th		 12.1
Days sales outstanding 68 days 36 days
89th		 30 days
Days inventory outstanding 68 days 70 days
44th		 61 days
Days payables outstanding 55 days 47 days
56th		 38 days
Cash conversion cycle (days) 80 days 36 days
67th		 37 days
Capex / revenue 1.5% 3.3%
22nd		 3.1%
Capex / depreciation 1.17 1.12
56th		 0.92
Operating expense ratio 26.8% 27.4%
44th		 24.8%

Cash flow & earnings quality

MeasureMNSTIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.05 1.53
0th		 1.87
FCF / net income 0.99 1.15
22nd		 1.28
FCF / operating cash flow 93.7% 82.3%
89th		 71.9%
Capex / operating cash flow 6.3% 17.7%
11th		 29.5%
Accruals ratio -1.1% -3.9%
100th		 -6.1%
Sloan accruals ratio 13.9% -4.6%
89th		 -3.9%
Earnings quality score (0-1) 1.00 1.00
44th		 0.75

Dividends & buybacks

MeasureMNSTIndustry medianIndustry percentileSector median
Dividend yield 0.0% 2.3%
0th		 1.8%
Dividend per share (TTM) $0.00 $0.96
0th		 $0.64
Payout ratio (dividends / net income) 0.0% 74.7%
0th		 32.1%
Dividends / FCF 0.0% 54.4%
0th		 27.4%
Dividend growth (YoY) —
Buyback yield 0.2% 0.6%
33rd		 0.9%
Shareholder yield (dividends + buybacks) 0.2% 4.0%
0th		 3.6%
Share count change (YoY) 100.9% 0.1%
89th		 -0.2%
Buybacks, last 5 years $1.1B $1.2B
44th		 $184.1M

Scores & forensic checks

MeasureMNSTIndustry medianIndustry percentileSector median
IS score 78 62
89th		 53
IS profitability 93 61
100th		 32
IS growth 75 57
78th		 50
IS value 30 44
0th		 49
IS momentum 91 81
78th		 73
IS risk (safety) 100 95
56th		 80
IS quality 89 70
89th		 65
IS balance sheet 96 64
89th		 53
IS earnings quality 72 76
33rd		 76
IS cash flow 75 65
78th		 57
Piotroski F-score (0-9) 7 6
67th		 6
Altman Z-score 31.6 4.6
100th		 3.2
Beneish M-score −2.26 −2.55
88th		 −2.71
Ohlson O-score −12.79 −8.53
0th		 −7.61
IS credit score 89 74
78th		 64

Per share

MeasureMNSTIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $1.08 $1.84
33rd		 $2.03
Book value per share $4.74 $8.27
22nd		 $16.28
Tangible book per share $3.40 $2.50
67th		 $3.52
Revenue per share $4.66 $13.66
0th		 $41.08
FCF per share $1.06 $1.93
11th		 $3.18
Operating cash flow per share $1.13 $2.22
0th		 $4.93
Cash per share $1.73 $2.52
33rd		 $2.81

Size (TTM)

MeasureMNSTIndustry medianIndustry percentileSector median
Market cap $89.6B $29.8B
78th		 $4.0B
Revenue $9.2B $8.5B
56th		 $5.2B
EBITDA $2.9B $2.0B
56th		 $426.9M
Net income $2.1B $988.5M
67th		 $167.0M
Free cash flow $2.1B $1.3B
67th		 $345.6M
Total assets $11.4B $11.0B
56th		 $4.8B
Shareholders' equity $9.4B $6.2B
56th		 $1.6B
Employees 6,332 14,000
33rd		 9,700

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-07Hall Tiffany M.
Director
 Award / grant 270——33,744
2026-10-07Demel Ana
Director
 Award / grant 539——40,753
2026-10-07Jackson Jeanne P
Director
 Award / grant 670——77,218
2026-09-14Schlosberg Hilton H
Director, Vice Chairman and CEO
 Gift 1,690——2,705,846
2026-09-03Rodriguez Michael Vincent
Chief Operating Officer
 — 12,000$18.31$219,7200
2026-09-03Rodriguez Michael Vincent
Chief Operating Officer
 — 37,500$22.27$835,1250
2026-09-03Rodriguez Michael Vincent
Chief Operating Officer
 — 22,500$25.41$571,7250
2026-09-03Rodriguez Michael Vincent
Chief Operating Officer
 — 20,000$29.68$593,6000
2026-09-03Rodriguez Michael Vincent
Chief Operating Officer
 — 60,000$30.15$1.8M0
2026-09-03Rodriguez Michael Vincent
Chief Operating Officer
 — 60,000$24.15$1.4M0
2026-09-03Rodriguez Michael Vincent
Chief Operating Officer
 — 50,000$27.55$1.4M0
2026-09-03Rodriguez Michael Vincent
Chief Operating Officer
 — 19,800$38.56$763,4880

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1830,159—
GiftDisposed319,183—
Open-market saleDisposed5178,700$15.5M
Option exerciseDisposed24201,087$7.3M
Option exerciseAcquired19187,347$7.3M
OtherDisposed21,849,362—
Tax withholdingDisposed18,760$386,141
—Disposed22470,706$12.1M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 6 notices · 390,681 shares · $30.2M
FiledFilerShares proposedEst. proceeds
2026-06-10Guy Carling19,000$1.7M
2026-05-13Emelie Christine Tirre88,700$7.6M
2026-03-13Thomas J Kelly8,000$617,762
2025-12-12The Emelie C Tirre Sep Prop Rev Trust30,000$2.2M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 20 trades (19 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-11Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-07-17Josh GottheimerHousePurchase$1,001 - $15,0002026-08-11
2026-07-17Josh GottheimerHousePurchase$1,001 - $15,0002026-08-11
2026-07-16Josh S. GottheimerHousePurchase$1,001 - $15,0002026-08-11
2024-01-22Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-02-14
2024-01-22Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-02-13
2024-01-22Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-02-13
2023-10-17Tommy TubervilleSenatePurchase$1,001 - $15,0002023-11-16
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.60,029,175$5.8B3.06%
VANGUARD CAPITAL MANAGEMENT LLC45,682,732$4.4B2.33%
STATE STREET CORP36,082,601$3.5B1.84%
Invesco Ltd.32,685,479$3.1B1.67%
JPMORGAN CHASE & CO25,854,589$2.5B1.32%
LOOMIS SAYLES & CO L P24,849,175$2.4B1.27%
GEODE CAPITAL MANAGEMENT, LLC20,321,184$2.0B1.04%
VANGUARD PORTFOLIO MANAGEMENT LLC15,025,043$1.4B0.77%
BANK OF AMERICA CORP /DE/12,436,117$1.2B0.63%
SCHRODER INVESTMENT MANAGEMENT GROUP9,905,932$952.2M0.51%
FMR LLC9,689,025$931.3M0.49%
MORGAN STANLEY9,077,571$872.5M0.46%
BROADWOOD CAPITAL INC8,107,796$779.3M0.41%
NORGES BANK7,674,799$737.7M0.39%
WELLINGTON MANAGEMENT GROUP LLP7,465,974$717.6M0.38%

Institutional ownership by quarter

2023-092026-0667.9%
% of shares held by 13F filers
2023-092026-061,365
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,36567.9%23051046285
2026-03-311,23566.4%150460446116
2025-12-311,22266.2%22947936166
2025-09-301,08964.5%132450346100
2025-06-301,07665.3%18145430674
2025-03-3198364.4%13736635291
2024-12-3195264.8%14337829983
2024-09-3090964.2%96310366100
2024-06-3092364.8%92324379148
2024-03-3199269.1%11840631375
2023-12-3195868.3%15834632577
2023-09-3089068.9%9932833781

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-05-14SCHEDULE 13G/AAllianceBernstein L.P.4.0%38,979,646
2025-02-13SCHEDULE 13G/AAllianceBernstein L.P.4.2%40,373,639
2025-01-28SCHEDULE 13D/AEuropean Refreshments Unlimited Company13.3%129,591,548
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.08%$1.8B
VTSAX0.08%$1.8B
VTI0.08%$1.8B
VSMPX0.08%$1.8B
QQQ0.37%$1.8B
VOO0.09%$1.6B

Share structure

Shares outstanding1,959,050,000
Float1,389,708,930
Free float70.9%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$5.5B$6.3B$7.1B$7.5B$8.3B
Cost of revenue$2.4B$3.1B$3.3B$3.4B$3.7B
Gross profit$3.1B$3.2B$3.8B$4.0B$4.6B
R&D$0$0$0$0$0
SG&A$1.3B$1.6B$1.8B$2.0B$0
Operating income$1.8B$1.6B$2.0B$1.9B$2.4B
EBITDA$1.8B$1.6B$2.0B$2.0B$2.6B
Pretax income$1.8B$1.6B$2.1B$2.0B$2.5B
Income tax$423.9M$380.3M$437.5M$480.4M$577.1M
Net income$1.4B$1.2B$1.6B$1.5B$1.9B
EPS, diluted$1.29$1.12$1.54$1.49$1.94
Diluted shares1.1B1.1B1.1B1.0B984.5M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$3.1B$2.7B$3.3B$1.5B$2.8B
Receivables$896.7M$1.0B$1.2B$1.2B$1.6B
Inventory$593.4M$935.6M$971.4M$737.1M$799.6M
Total current assets$4.7B$4.8B$5.6B$3.6B$5.4B
PP&E, net$313.8M$516.9M$890.8M$1.0B$1.1B
Goodwill & intangibles$2.4B$2.6B$2.8B$2.7B$2.7B
Total assets$7.8B$8.3B$9.7B$7.7B$10.0B
Accounts payable$404.3M$444.3M$564.4M$466.8M$566.0M
Total current liabilities$965.1M$1.0B$1.2B$1.1B$1.4B
Long-term debt$0$0$0$374.0M$0
Total liabilities$1.2B$1.3B$1.5B$1.8B$1.7B
Shareholders' equity$6.6B$7.0B$8.2B$6.0B$8.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.4B$1.2B$1.6B$1.5B$1.9B
Depreciation & amortization$50.2M$61.2M$68.9M$80.4M$114.4M
Stock-based compensation$70.5M$64.1M$68.8M$91.0M$125.7M
Change in working capital−$361.9M−$486.8M−$59.9M$107.6M−$120.2M
Operating cash flow$1.2B$887.7M$1.7B$1.9B$2.1B
Capital expenditure−$57.5M−$212.2M−$234.7M−$306.4M−$132.3M
Free cash flow$1.1B$675.5M$1.5B$1.6B$2.0B
Investing cash flow−$992.0M−$161.4M−$193.4M$733.7M−$1.3B
Net debt issued / repaid$2.9M$75,000−$13.9M$366.8M−$385.3M
Buybacks−$13.8M−$771.0M−$659.0M−$3.8B−$103.6M
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin56.1%50.3%53.1%54.0%55.8%
Operating margin32.4%25.1%27.4%25.8%29.2%
Net margin24.9%18.9%22.8%20.1%23.0%
FCF margin19.8%10.7%20.8%21.6%23.7%
ROE23.5%17.5%21.4%21.3%26.8%
ROIC39.4%27.6%31.0%30.5%33.8%
ROA19.7%14.8%18.1%17.3%21.5%
Debt / equity0.000.000.000.060.00
Interest coverage———70.7x372.4x
Current ratio4.854.764.813.323.70
Revenue growth+20.5%+13.9%+13.1%+4.9%+10.7%
EPS growth−2.6%−12.4%+37.6%−0.7%+25.5%
P/E at year end18.7x22.5x18.6x17.1x19.9x
EV / EBITDA at year end12.3x14.7x13.4x12.0x13.6x
FCF yield at year end4.27%2.52%4.89%6.29%5.20%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Monster Energy Drinks$5.2B$5.8B$6.6B$6.9B$7.7B
Strategic Brands$294.8M$353.5M$376.6M$432.2M$468.7M
Alcohol Brands—$101.4M$184.9M$172.3M$134.7M
Other Segments$25.9M$22.9M$23.5M——

Revenue by region · FY2025

U.s. And Canada$5.1B · 61%
E M E A$1.9B · 23%
Latin America And Caribbean$698.0M · 8%
Asia Pacific$624.1M · 8%

Street estimates by fiscal year

Next report 2026-11-05 · consensus EPS $0.30 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$9.8B$9.3B – $9.9B$1.16$1.14 – $1.251039.4x
2027$10.7B$10.1B – $11.1B$1.31$1.23 – $1.511234.9x
2028$11.7B$11.0B – $12.4B$1.48$1.42 – $1.53830.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-06$0.29$0.30+3.2%$2.4B$2.5B+4.5%
2026-02-26$0.48$0.51+5.4%$2.0B$2.1B+4.2%
2025-11-06$0.48$0.56+17.0%$2.1B$2.2B+4.2%
2025-08-07$0.48$0.52+8.2%$2.1B$2.1B+1.4%
2025-05-08$0.46$0.47+2.4%$2.0B$1.9B−6.2%
2025-02-27$0.40$0.38−5.0%$1.8B$1.8B+1.0%
2024-11-07$0.43$0.40−7.0%$1.9B$1.9B−1.3%
2024-08-07$0.45$0.41−8.9%$2.0B$1.9B−5.5%
2024-05-02$0.43$0.42−2.3%$1.9B$1.9B−0.0%
2024-02-28$0.38$0.380.0%$1.8B$1.7B−1.4%
2023-11-02$0.40$0.41+2.5%$1.8B$1.9B+5.5%
2023-08-03$0.39$0.390.0%$1.9B$1.9B−0.8%
2023-05-04$0.34$0.38+11.8%$1.7B$1.7B+0.3%
2023-02-28$0.31$0.29−6.5%$1.6B$1.5B−5.5%
2022-11-03$0.29$0.30+3.4%$1.7B$1.6B−1.7%
2022-08-04$0.34$0.26−23.5%$1.6B$1.7B+2.7%
2022-05-05$0.30$0.28−6.7%$1.4B$1.5B+6.3%
2022-02-24$0.30$0.300.0%$1.3B$1.4B+7.2%
2021-11-04$0.33$0.32−3.0%$1.4B$1.4B+1.8%
2021-08-05$0.34$0.38+11.8%$1.4B$1.5B+4.6%
2021-05-06$0.31$0.30−3.2%$1.2B$1.2B+2.1%
2021-02-25$0.30$0.31+3.3%$1.1B$1.2B+6.0%
2020-11-05$0.32$0.33+3.1%$1.2B$1.2B+3.2%
2020-08-04$0.24$0.30+25.0%$908.5M$1.1B+20.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.406-150.606-220.506-290.507-060.707-130.507-200.607-270.808-030.608-100.508-170.408-240.408-31
Week ofNotionalSharesTrades
2026-08-31$395.5M8,863,565125,622
2026-08-24$379.7M7,915,697110,691
2026-08-17$496.0M10,540,381145,946
2026-08-10$576.7M10,712,761131,584
2026-08-03$794.2M8,556,480146,120
2026-07-27$597.2M6,154,380124,967

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1541.8%
DateShort shareShort volumeTotal volume
2026-10-1541.8%1,512,1303,619,084
2026-10-1446.6%1,844,3193,958,479
2026-10-1325.9%618,3452,391,124
2026-10-1224.1%739,6223,071,892
2026-10-0924.8%569,8762,301,581
2026-10-0840.9%1,106,2152,704,936
2026-10-0735.2%866,5112,461,570
2026-10-0632.3%736,2272,278,578
2026-10-0531.5%1,103,2423,498,005
2026-10-0231.7%858,1082,707,926
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.6Jan+2.6Feb+1.1Mar+3.4Apr+3.2May+1.4Jun-0.6Jul+0.8Aug+2.6Sep+0.6Oct+4.3Nov+3.7Dec
MonthAvg returnUp yearsYears
Jan+0.6%50%20
Feb+2.6%50%20
Mar+1.1%62%21
Apr+3.4%70%20
May+3.2%60%20
Jun+1.4%60%20
Jul−0.6%55%20
Aug+0.8%55%20
Sep+2.6%55%20
Oct+0.6%55%20
Nov+4.3%75%20
Dec+3.7%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1462.7
MFI74.5
ADX20.1
Stochastic %K / %D91.0 / 86.6
Williams %R-12.8
CCI198
TSI / signal0.9 / -12.7
Chaikin money flow0.05
ATR$1.01
Bollinger width9.8%
Volume vs 20-day avg1.27x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$43.38 (+5.4%)
SMA 50$44.73 (+2.2%)
SMA 200$42.68 (+7.1%)
EMA 21$43.91 (+4.1%)
EMA 50$44.47 (+2.8%)
EMA 200$42.42 (+7.8%)
Bollinger upper$45.50 (+0.5%)
Bollinger lower$41.26 (+10.8%)
Parabolic SAR$42.27 (+8.2%)
Open the live chart, 110+ indicators

About Monster Beverage Corporation

Monster Beverage Corporation is a global entity primarily involved in the innovation, marketing, sale, and distribution of energy beverages and concentrates. Its business operations are categorized into three main divisions: Monster Energy Drinks, Strategic Brands, and a segment designated as "Other." The company boasts an extensive product portfolio, encompassing a wide array of carbonated energy drinks, alongside various non-carbonated options. These include ready-to-drink iced teas, lemonades, diverse juice cocktails, single-serving juices, and fruit beverages. Additionally, their offerings extend to ready-to-drink dairy and coffee-based concoctions, specialized sports drinks, single-serve still waters, and a selection of sodas described as natural, sparkling juices, and flavored sparkling beverages. Monster Beverage distributes its products through a comprehensive network, supplying bottlers and full-service beverage distributors. They also engage in direct sales to a multitude of retail outlets, including grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience stores, pharmacies, foodservice clients, value retailers, e-commerce platforms, and military establishments. Furthermore, the company provides concentrates and beverage bases to its authorized bottling and canning partners. Under its corporate umbrella, the company manages a vast collection of brands. Notable examples include the Monster Energy line (e.g., Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro), Java Monster, Muscle Monster, Espresso Monster, Punch Monster, Juice Monster, and the Monster Hydro series (Energy Water, Super Sport, Super Fuel). Other significant brands feature Monster Dragon Tea, Reign Total Body Fuel, Reign Inferno Thermogenic Fuel, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play (stylized), Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, Fury, and True North. Founded in 1985 under its previous name, Hansen Natural Corporation, the company rebranded to Monster Beverage Corporation in January 2012. Its corporate headquarters are located in Corona, California.

https://www.monsterbevcorp.com

Key executives

NameTitlePayBorn
Hilton H. SchlosbergChief Executive Officer & Vice Chairman$5.1M1953
Emelie C. TirreChief Strategy Officer$2.3M1970
Guy CarlingChief Executive Officer for EMEA & OSP$2.1M1977
Rob GehringChief Executive Officer for Americas$2.0M1967
Thomas J. KellyChief Financial Officer$1.7M1954
Matthew S. BurroughsChief Accounting Officer & Deputy CFO—1969
Michael Vincent RodriguezChief Operations & Supply Chain Officer——
Paul J. DecharySecretary, Executive VP & General Counsel——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Hilton H. Schlosberg Vice Chairman, CEO and Director2025$1.2M$10.7M$3.8M$19.3M
Rodney C. Sacks Chairman, Director and Former Co-CEO2025$1.1M$7.1M$2.7M$13.8M
Emelie C. Tirre Chief Strategy Officer2025$908,000$1.2M$1.3M$3.8M
Guy P. Carling Chief Executive Officer, EMEA & OSP2025$852,600$1.2M$1.2M$3.7M
Rob L. Gehring, Chief Executive Officer, Americas2025$780,000$743,715$1.1M$3.0M
Thomas J. Kelly Chief Financial Officer2025$678,000$743,715$953,438$2.7M

Employees

2k20183k20194k20204k20215k20226k20237k20247k2025

Dividends

Ex-dateAmountPaid
1990-11-08$0.0052081990-12-21

Moat model

Wide · Efficient Scale · 2026-06-30
Cost advantage82
Intangibles71
Switching costs50
Network effect70
Efficient scale100
Our component scores (0-100) and overall 72.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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