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Stocks · Consumer staples · Malt Beverages

Molson Coors Beverage Company

TAP Clue Score41
United States Fiscal year ends December CIK 0000024545
$37.20 -1.90% Close, 9 Oct 2026
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Price $37.20 −18.87% 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 2016Revenue6.60Operating income3.32Net income1.59EPS, diluted9.34Fiscal year 2017Revenue13.47 +104.2%Operating income1.68Net income1.57 −1.8%EPS, diluted6.53 −30.1%Fiscal year 2018Revenue13.34 −1.0%Operating income1.63Net income1.12 −28.7%EPS, diluted5.15 −21.1%Fiscal year 2019Revenue13.01 −2.5%Operating income0.76Net income0.24 −78.4%EPS, diluted1.11 −78.4%Fiscal year 2020Revenue11.72 −9.9%Operating income−0.41Net income−0.95 −492.6%EPS, diluted−4.38 −494.6%Fiscal year 2021Revenue12.45 +6.2%Operating income1.45Net income1.01EPS, diluted4.62Fiscal year 2022Revenue12.81 +2.9%Operating income0.16Net income−0.18 −117.4%EPS, diluted−0.81 −117.5%Fiscal year 2023Revenue13.88 +8.4%Operating income1.44Net income0.95EPS, diluted4.37Fiscal year 2024Revenue13.73 −1.1%Operating income1.75Net income1.12 +18.3%EPS, diluted5.35 +22.4%Fiscal year 2025Revenue13.04 −5.1%Operating income−2.34Net income−2.14 −290.6%EPS, diluted−10.75 −300.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.60 13.47 13.34 13.01 11.72 12.45 12.81 13.88 13.73 13.04
Growth +104.2% −1.0% −2.5% −9.9% +6.2% +2.9% +8.4% −1.1% −5.1%
Operating income 3.32 1.68 1.63 0.76 −0.41 1.45 0.16 1.44 1.75 −2.34
Net income 1.59 1.57 1.12 0.24 −0.95 1.01 −0.18 0.95 1.12 −2.14
Growth −1.8% −28.7% −78.4% −492.6% −117.4% +18.3% −290.6%
EPS, diluted 9.34 6.53 5.15 1.11 −4.38 4.62 −0.81 4.37 5.35 −10.75
Growth −30.1% −21.1% −78.4% −494.6% −117.5% +22.4% −300.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin28.6%Operating margin50.4%Net margin24.2%Free cash flow margin11.9%Fiscal year 2017Gross margin35.4%Operating margin12.5%Net margin11.6%Free cash flow margin9.4%Fiscal year 2018Gross margin31.4%Operating margin12.2%Net margin8.4%Free cash flow margin12.6%Fiscal year 2019Gross margin32.3%Operating margin5.9%Net margin1.9%Free cash flow margin10.0%Fiscal year 2020Gross margin32.1%Operating margin−3.5%Net margin−8.1%Free cash flow margin9.6%Fiscal year 2021Gross margin32.6%Operating margin11.7%Net margin8.1%Free cash flow margin8.4%Fiscal year 2022Gross margin28.5%Operating margin1.2%Net margin−1.4%Free cash flow margin6.6%Fiscal year 2023Gross margin31.5%Operating margin10.4%Net margin6.8%Free cash flow margin10.1%Fiscal year 2024Gross margin33.0%Operating margin12.8%Net margin8.2%Free cash flow margin9.0%Fiscal year 2025Gross margin32.8%Operating margin−17.9%Net margin−16.4%Free cash flow margin8.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 28.6% 35.4% 31.4% 32.3% 32.1% 32.6% 28.5% 31.5% 33.0% 32.8%
Operating margin 50.4% 12.5% 12.2% 5.9% −3.5% 11.7% 1.2% 10.4% 12.8% −17.9%
Net margin 24.2% 11.6% 8.4% 1.9% −8.1% 8.1% −1.4% 6.8% 8.2% −16.4%
Free cash flow margin 11.9% 9.4% 12.6% 10.0% 9.6% 8.4% 6.6% 10.1% 9.0% 8.2%

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 flow1.13Capital expenditure−0.34Free cash flow0.79Dividends paid−0.35Fiscal year 2017Operating cash flow1.87Capital expenditure−0.60Free cash flow1.27 +61.3%Dividends paid−0.35Fiscal year 2018Operating cash flow2.33Capital expenditure−0.65Free cash flow1.68 +32.6%Dividends paid−0.35Fiscal year 2019Operating cash flow1.90Capital expenditure−0.59Free cash flow1.30 −22.4%Dividends paid−0.42Fiscal year 2020Operating cash flow1.70Capital expenditure−0.57Free cash flow1.12 −14.0%Buybacks0.00Dividends paid−0.13Fiscal year 2021Operating cash flow1.57Capital expenditure−0.52Free cash flow1.05 −6.2%Buybacks0.00Dividends paid−0.15Fiscal year 2022Operating cash flow1.50Capital expenditure−0.66Free cash flow0.84 −20.0%Buybacks−0.05Dividends paid−0.33Fiscal year 2023Operating cash flow2.08Capital expenditure−0.67Free cash flow1.41 +67.4%Buybacks−0.21Dividends paid−0.35Fiscal year 2024Operating cash flow1.91Capital expenditure−0.67Free cash flow1.24 −12.2%Buybacks−0.64Dividends paid−0.37Fiscal year 2025Operating cash flow1.78Capital expenditure−0.72Free cash flow1.07 −13.6%Buybacks−0.65Dividends paid−0.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.13 1.87 2.33 1.90 1.70 1.57 1.50 2.08 1.91 1.78
Capital expenditure −0.34 −0.60 −0.65 −0.59 −0.57 −0.52 −0.66 −0.67 −0.67 −0.72
Free cash flow 0.79 1.27 1.68 1.30 1.12 1.05 0.84 1.41 1.24 1.07
Growth +61.3% +32.6% −22.4% −14.0% −6.2% −20.0% +67.4% −12.2% −13.6%
Buybacks n/a n/a n/a n/a 0.00 0.00 −0.05 −0.21 −0.64 −0.65
Dividends paid −0.35 −0.35 −0.35 −0.42 −0.13 −0.15 −0.33 −0.35 −0.37 −0.38

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.56Total debt12.06Net cash (debt)−11.50Shareholders’ equity11.42Debt to equity1.06Fiscal year 2017Cash0.42Total debt10.93Net cash (debt)−10.51Shareholders’ equity12.98Debt to equity0.84Fiscal year 2018Cash1.06Total debt10.48Net cash (debt)−9.42Shareholders’ equity13.51Debt to equity0.78Fiscal year 2019Cash0.52Total debt9.03Net cash (debt)−8.51Shareholders’ equity13.42Debt to equity0.67Fiscal year 2020Cash0.77Total debt8.21Net cash (debt)−7.44Shareholders’ equity12.37Debt to equity0.66Fiscal year 2021Cash0.64Total debt7.16Net cash (debt)−6.52Shareholders’ equity13.42Debt to equity0.53Fiscal year 2022Cash0.60Total debt6.54Net cash (debt)−5.94Shareholders’ equity12.69Debt to equity0.52Fiscal year 2023Cash0.87Total debt6.20Net cash (debt)−5.33Shareholders’ equity13.20Debt to equity0.47Fiscal year 2024Cash0.97Total debt6.13Net cash (debt)−5.16Shareholders’ equity13.09Debt to equity0.47Fiscal year 2025Cash0.90Total debt6.26Net cash (debt)−5.36Shareholders’ equity10.23Debt to equity0.61
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.56 0.42 1.06 0.52 0.77 0.64 0.60 0.87 0.97 0.90
Total debt 12.06 10.93 10.48 9.03 8.21 7.16 6.54 6.20 6.13 6.26
Net cash (debt) −11.50 −10.51 −9.42 −8.51 −7.44 −6.52 −5.94 −5.33 −5.16 −5.36
Shareholders’ equity 11.42 12.98 13.51 13.42 12.37 13.42 12.69 13.20 13.09 10.23
Debt to equity 1.06 0.84 0.78 0.67 0.66 0.53 0.52 0.47 0.47 0.61

In billions 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
28.6% 35.4% 31.4% 32.3% 32.1% 32.6% 28.5% 31.5% 33.0% 32.8%
50.4% 12.5% 12.2% 5.9% −3.5% 11.7% 1.2% 10.4% 12.8% −17.9%
46.3% 10.3% 10.2% 3.7% −5.5% 10.0% −0.5% 9.0% 10.9% −19.3%
24.2% 11.6% 8.4% 1.9% −8.1% 8.1% −1.4% 6.8% 8.2% −16.4%
11.9% 9.4% 12.6% 10.0% 9.6% 8.4% 6.6% 10.1% 9.0% 8.2%
Spending
24.2% 22.7% 21.0% 21.0% 20.8% 20.5% 20.4% 20.0% 19.8% 20.3%
5.2% 4.5% 4.9% 4.6% 4.9% 4.2% 5.2% 4.8% 4.9% 5.5%
47.6% −14.8% 16.6% 48.7% n/a 18.6% n/a 23.6% 23.0% n/a
Returns
14.0% 12.1% 8.3% 1.8% −7.7% 7.5% −1.4% 7.2% 8.6% −20.9%
5.4% 5.2% 3.7% 0.8% −3.5% 3.6% −0.7% 3.6% 4.3% −9.4%
Balance and payout
1.06 0.84 0.78 0.67 0.66 0.53 0.52 0.47 0.47 0.61
60.4% 56.4% 54.4% 52.6% 53.8% 50.5% 50.1% 49.1% 48.4% 53.6%
22.1% 22.6% 31.7% 175.6% n/a 14.7% n/a 37.4% 32.9% n/a
44.9% 27.9% 21.1% 32.6% 11.2% 14.1% 45.3% 39.8% 81.9% 95.9%