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Monster Beverage (MNST)

Nasdaq Consumer Staples Soft Drinks & Non-alcoholic Beverages S&P 500Nasdaq-100
$45.72
-2.11 (-4.41%)
Close of Nov 06, 2026 · end-of-day data
Source: Monster Beverage's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$3.05B$3.37B$3.81B$4.20B$4.60B$5.54B$6.31B$7.14B$7.49B$8.29B
Cost of revenue$1.11B$1.23B$1.51B$1.68B$1.87B$2.43B$3.14B$3.35B$3.44B$3.66B
Gross profit$1.94B$2.14B$2.30B$2.52B$2.72B$3.11B$3.17B$3.79B$4.05B$4.63B
Operating income$1.09B$1.20B$1.28B$1.40B$1.63B$1.80B$1.58B$1.95B$1.93B$2.42B
Pre-tax income$1.08B$1.20B$1.29B$1.42B$1.63B$1.80B$1.57B$2.07B$1.99B$2.48B
Income tax$367.00M$380.94M$300.27M$308.13M$216.56M$423.94M$380.34M$437.49M$480.41M$577.10M
Net income$712.68M$820.68M$993.00M$1.11B$1.41B$1.38B$1.19B$1.63B$1.51B$1.91B
EBITDA$1.13B$1.25B$1.34B$1.46B$1.69B$1.85B$1.65B$2.02B$2.01B$2.53B
Diluted shares599.82M577.14M564.25M546.61M534.81M1.07B1.07B1.06B1.01B984.45M
Gross margin63.7%63.5%60.3%60.0%59.2%56.1%50.3%53.1%54.0%55.8%
Operating margin35.6%35.6%33.7%33.4%35.5%32.4%25.1%27.4%25.8%29.2%
Net margin23.4%24.4%26.1%26.4%30.7%24.9%18.9%22.8%20.1%23.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$377.58M$528.62M$637.51M$797.96M$1.18B$1.33B$1.31B$2.30B$1.53B$2.09B
Short-term investments$220.55M$672.93M$320.65M$533.06M$881.35M$1.75B$1.36B$955.61M$0$677.08M
Receivables$448.05M$449.48M$484.56M$540.33M$666.01M$896.66M$1.02B$1.19B$1.22B$1.62B
Inventory$161.97M$255.75M$277.70M$360.73M$333.08M$593.36M$935.63M$971.41M$737.11M$799.62M
Total current assets$1.43B$2.09B$1.80B$2.32B$3.14B$4.68B$4.76B$5.59B$3.64B$5.36B
Goodwill$1.33B$1.33B$1.33B$1.33B$1.33B$1.33B$1.42B$1.42B$1.33B$1.33B
Total assets$4.15B$4.79B$4.53B$5.15B$6.20B$7.80B$8.29B$9.69B$7.72B$9.99B
Total current liabilities$470.59M$560.35M$601.14M$661.10M$749.99M$965.08M$1.00B$1.16B$1.10B$1.45B
Short-term debt———————$0$0—
Long-term debt———————$0$373.95M—
Total debt———————$0$373.95M—
Total liabilities$823.76M$895.80M$915.99M$979.07M$1.04B$1.24B$1.27B$1.46B$1.76B$1.73B
Shareholders' equity$3.33B$3.90B$3.61B$4.17B$5.16B$6.57B$7.03B$8.23B$5.96B$8.25B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$701.36M$987.73M$1.16B$1.11B$1.36B$1.16B$887.70M$1.72B$1.93B$2.10B
Capital expenditures$99.82M$83.44M$61.94M$101.66M$48.72M$43.87M$188.73M$221.43M$264.07M$132.28M
Free cash flow$601.54M$904.30M$1.10B$1.01B$1.32B$1.11B$698.97M$1.50B$1.66B$1.97B
Investing cash flow-$256.19M-$531.54M$272.96M-$326.72M-$472.49M-$992.02M-$161.37M-$193.40M$733.73M-$1.32B
Financing cash flow-$2.24B-$311.13M-$1.32B-$628.51M-$526.07M$34.82M-$706.94M-$542.60M-$3.33B-$324.42M
Share buybacks$2.25B$361.18M$1.34B$707.30M$595.92M$13.83M$771.03M$658.95M$3.77B$103.65M
Stock-based compensation$45.85M$52.28M$57.11M$63.36M$70.29M$70.48M$64.11M$68.84M$90.98M$125.69M
Depreciation & amortization$40.84M$48.89M$56.98M$60.73M$57.03M$50.16M$61.24M$68.90M$80.43M$114.44M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.