InsiderClue
Stocks · Consumer staples · Bottled & Canned Soft Drinks & Carbonated Waters

Monster Beverage

MNST Clue Score66
United States Fiscal year ends December CIK 0000865752
$43.64 -0.02% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $43.64 −50.44% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3,049.4Operating income1,085.3Net income712.7EPS, diluted1.19Fiscal year 2017Revenue3,369.0 +10.5%Operating income1,198.8Net income820.7 +15.2%EPS, diluted1.42Fiscal year 2018Revenue3,807.2 +13.0%Operating income1,283.6Net income993.0 +21.0%EPS, diluted1.76Fiscal year 2019Revenue4,200.8 +10.3%Operating income1,402.9Net income1,107.8 +11.6%EPS, diluted2.03Fiscal year 2020Revenue4,598.6 +9.5%Operating income1,633.2Net income1,409.6 +27.2%EPS, diluted2.64Fiscal year 2021Revenue5,541.4 +20.5%Operating income1,797.5Net income1,377.5 −2.3%EPS, diluted1.29Fiscal year 2022Revenue6,311.1 +13.9%Operating income1,584.7Net income1,191.6 −13.5%EPS, diluted1.12Fiscal year 2023Revenue7,140.0 +13.1%Operating income1,953.4Net income1,631.0 +36.9%EPS, diluted1.54Fiscal year 2024Revenue7,492.7 +4.9%Operating income1,930.3Net income1,509.0 −7.5%EPS, diluted1.49Fiscal year 2025Revenue8,294.3 +10.7%Operating income2,419.4Net income1,905.4 +26.3%EPS, diluted1.94
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,049.4 3,369.0 3,807.2 4,200.8 4,598.6 5,541.4 6,311.1 7,140.0 7,492.7 8,294.3
Growth +10.5% +13.0% +10.3% +9.5% +20.5% +13.9% +13.1% +4.9% +10.7%
Operating income 1,085.3 1,198.8 1,283.6 1,402.9 1,633.2 1,797.5 1,584.7 1,953.4 1,930.3 2,419.4
Net income 712.7 820.7 993.0 1,107.8 1,409.6 1,377.5 1,191.6 1,631.0 1,509.0 1,905.4
Growth +15.2% +21.0% +11.6% +27.2% −2.3% −13.5% +36.9% −7.5% +26.3%
EPS, diluted 1.19 1.42 1.76 2.03 2.64 1.29 1.12 1.54 1.49 1.94

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin63.7%Operating margin35.6%Net margin23.4%Free cash flow margin19.7%Fiscal year 2017Gross margin63.5%Operating margin35.6%Net margin24.4%Free cash flow margin26.8%Fiscal year 2018Gross margin60.3%Operating margin33.7%Net margin26.1%Free cash flow margin28.9%Fiscal year 2019Gross margin60.0%Operating margin33.4%Net margin26.4%Free cash flow margin24.1%Fiscal year 2020Gross margin59.2%Operating margin35.5%Net margin30.7%Free cash flow margin28.6%Fiscal year 2021Gross margin56.1%Operating margin32.4%Net margin24.9%Free cash flow margin20.1%Fiscal year 2022Gross margin50.3%Operating margin25.1%Net margin18.9%Free cash flow margin11.1%Fiscal year 2023Gross margin53.1%Operating margin27.4%Net margin22.8%Free cash flow margin21.0%Fiscal year 2024Gross margin54.0%Operating margin25.8%Net margin20.1%Free cash flow margin22.2%Fiscal year 2025Gross margin55.8%Operating margin29.2%Net margin23.0%Free cash flow margin23.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
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 margin 23.4% 24.4% 26.1% 26.4% 30.7% 24.9% 18.9% 22.8% 20.1% 23.0%
Free cash flow margin 19.7% 26.8% 28.9% 24.1% 28.6% 20.1% 11.1% 21.0% 22.2% 23.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow701.4Capital expenditure−99.8Free cash flow601.5Buybacks−2,252.4Fiscal year 2017Operating cash flow987.7Capital expenditure−83.4Free cash flow904.3 +50.3%Buybacks−361.2Fiscal year 2018Operating cash flow1,161.9Capital expenditure−61.9Free cash flow1,099.9 +21.6%Buybacks−1,342.1Fiscal year 2019Operating cash flow1,113.8Capital expenditure−101.7Free cash flow1,012.1 −8.0%Buybacks−707.3Fiscal year 2020Operating cash flow1,364.2Capital expenditure−48.7Free cash flow1,315.4 +30.0%Buybacks−595.9Fiscal year 2021Operating cash flow1,155.7Capital expenditure−43.9Free cash flow1,111.9 −15.5%Buybacks−13.8Fiscal year 2022Operating cash flow887.7Capital expenditure−188.7Free cash flow699.0 −37.1%Buybacks−771.0Fiscal year 2023Operating cash flow1,717.8Capital expenditure−221.4Free cash flow1,496.3 +114.1%Buybacks−659.0Fiscal year 2024Operating cash flow1,928.5Capital expenditure−264.1Free cash flow1,664.5 +11.2%Buybacks−3,771.9Fiscal year 2025Operating cash flow2,098.2Capital expenditure−132.3Free cash flow1,965.9 +18.1%Buybacks−103.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 701.4 987.7 1,161.9 1,113.8 1,364.2 1,155.7 887.7 1,717.8 1,928.5 2,098.2
Capital expenditure −99.8 −83.4 −61.9 −101.7 −48.7 −43.9 −188.7 −221.4 −264.1 −132.3
Free cash flow 601.5 904.3 1,099.9 1,012.1 1,315.4 1,111.9 699.0 1,496.3 1,664.5 1,965.9
Growth +50.3% +21.6% −8.0% +30.0% −15.5% −37.1% +114.1% +11.2% +18.1%
Buybacks −2,252.4 −361.2 −1,342.1 −707.3 −595.9 −13.8 −771.0 −659.0 −3,771.9 −103.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash377.6Shareholders’ equity3,329.7Fiscal year 2017Cash528.6Shareholders’ equity3,895.2Fiscal year 2018Cash637.5Shareholders’ equity3,610.9Fiscal year 2019Cash798.0Shareholders’ equity4,171.3Fiscal year 2020Cash1,180.4Shareholders’ equity5,160.9Fiscal year 2021Cash1,326.5Shareholders’ equity6,567.0Fiscal year 2022Cash1,307.1Shareholders’ equity7,025.0Fiscal year 2023Cash2,297.7Total debt0.0Net cash (debt)2,297.7Shareholders’ equity8,228.7Debt to equity0.00Fiscal year 2024Cash1,533.3Total debt374.0Net cash (debt)1,159.3Shareholders’ equity5,957.7Debt to equity0.06Fiscal year 2025Cash2,088.1Shareholders’ equity8,254.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 377.6 528.6 637.5 798.0 1,180.4 1,326.5 1,307.1 2,297.7 1,533.3 2,088.1
Total debt n/a n/a n/a n/a n/a n/a n/a 0.0 374.0 n/a
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a 2,297.7 1,159.3 n/a
Shareholders’ equity 3,329.7 3,895.2 3,610.9 4,171.3 5,160.9 6,567.0 7,025.0 8,228.7 5,957.7 8,254.1
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.00 0.06 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
63.7% 63.5% 60.3% 60.0% 59.2% 56.1% 50.3% 53.1% 54.0% 55.8%
35.6% 35.6% 33.7% 33.4% 35.5% 32.4% 25.1% 27.4% 25.8% 29.2%
35.4% 35.7% 34.0% 33.7% 35.4% 32.5% 24.9% 29.0% 26.6% 29.9%
23.4% 24.4% 26.1% 26.4% 30.7% 24.9% 18.9% 22.8% 20.1% 23.0%
19.7% 26.8% 28.9% 24.1% 28.6% 20.1% 11.1% 21.0% 22.2% 23.7%
Spending
3.3% 2.5% 1.6% 2.4% 1.1% 0.8% 3.0% 3.1% 3.5% 1.6%
34.0% 31.7% 23.2% 21.8% 13.3% 23.5% 24.2% 21.2% 24.1% 23.2%
Returns
21.4% 21.1% 27.5% 26.6% 27.3% 21.0% 17.0% 19.8% 25.3% 23.1%
17.2% 17.1% 21.9% 21.5% 22.7% 17.6% 14.4% 16.8% 19.5% 19.1%
Balance and payout
n/a n/a n/a n/a n/a n/a n/a 0.00 0.06 n/a
374.4% 39.9% 122.0% 69.9% 45.3% 1.2% 110.3% 44.0% 226.6% 5.3%