Monster Beverage Corporation (MNST) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MNST SEC filings page.
Monster Beverage Corporation (MNST) reported $9.2B in revenue over the twelve months to Jun 30, 2026, up 20.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Monster’s growth is paired with widening margins and cash generation that closely tracks accounting profit.
In FY2025, free cash flow of$2.0B nearly matched net income of$1.9B , indicating that reported earnings were converting into cash rather than depending mainly on non-cash accounting benefits. The FCF margin was23.7% in FY2025 versus11.1% in FY2022, pointing to a materially improved cash-conversion pattern rather than consistently heavy reinvestment.
Gross margin rose from
The balance sheet remains lightly burdened relative to its asset base: total liabilities were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Monster Beverage Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Monster Beverage Corporation has an operating margin of 29.2%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 93/100, reflecting efficient cost management and pricing power. This is up from 25.8% the prior year.
Monster Beverage Corporation's revenue grew 10.7% year-over-year to $8.3B, a solid pace of expansion. This earns a growth score of 59/100.
Monster Beverage Corporation carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.70, Monster Beverage Corporation holds $3.70 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 85/100.
Monster Beverage Corporation converts 23.7% of revenue into free cash flow ($2.0B). This strong cash generation earns a score of 89/100.
Monster Beverage Corporation earns a strong 23.1% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 94/100. This is down from 25.3% the prior year.
Monster Beverage Corporation scores 32.50, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($84.1B) relative to total liabilities ($1.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Monster Beverage Corporation passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Monster Beverage Corporation generates $1.10 in operating cash flow ($2.1B OCF vs $1.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Monster Beverage Corporation generated $2.5B in revenue in Q2 2026. This represents an increase of 20.2% from the same quarter a year earlier. Against the prior quarter it is up 7.8%.
Monster Beverage Corporation's EBITDA was $770.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.8% from the same quarter a year earlier. Against the prior quarter it is up 1.6%.
Monster Beverage Corporation reported $584.5M in net income in Q2 2026. This represents an increase of 19.6% from the same quarter a year earlier. Against the prior quarter it is up 2.6%.
Monster Beverage Corporation earned $0.59 per diluted share (EPS) in Q2 2026. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is up 1.7%.
Cash & Balance Sheet
Monster Beverage Corporation generated $460.8M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 6.0% from the same quarter a year earlier. Against the prior quarter it is down 21.1%.
Monster Beverage Corporation held $2.2B in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Monster Beverage Corporation's gross margin was 56.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Monster Beverage Corporation's operating margin was 29.2% in Q2 2026, reflecting core business profitability. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.8 percentage points.
Monster Beverage Corporation's net profit margin was 23.0% in Q2 2026, showing the share of revenue converted to profit. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.
Monster Beverage Corporation's ROE was 6.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Capital Allocation
Monster Beverage Corporation spent $8K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 100.0%.
Monster Beverage Corporation invested $48.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 54.2% from the same quarter a year earlier. Against the prior quarter it is up 135.0%.
Not reported for Q2 2026.
MNST Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B+20.2% | $2.4B+26.9% | $2.1B+17.6% | $2.2B+16.8% | $2.1B+11.1% | $1.9B-2.3% | $1.8B+4.7% | $1.9B+1.3% |
| Cost of Revenue | $1.1B+19.5% | $1.1B+31.4% | $947.7M+17.1% | $972.7M+10.4% | $935.2M+6.1% | $806.6M-7.5% | $809.6M+2.3% | $881.2M+1.0% |
| Gross Profit | $1.4B+20.7% | $1.3B+23.4% | $1.2B+18.0% | $1.2B+22.5% | $1.2B+15.4% | $1.0B+2.0% | $1.0B+6.8% | $999.8M+1.6% |
| Operating Income | $740.4M+17.2% | $730.0M+28.1% | $542.6M+42.3% | $675.4M+40.7% | $631.6M+19.8% | $569.7M+5.1% | $381.2M-12.2% | $479.9M-6.0% |
| EBITDA | $770.2M+16.8% | $758.4M+27.5% | $575.1M+43.1% | $705.0M+41.0% | $659.2M+20.6% | $594.6M+5.7% | $401.8M-11.2% | $499.8M-5.4% |
| Income Tax | $183.7M+16.4% | $180.6M+33.8% | $119.1M+3.2% | $165.1M+60.0% | $157.9M+25.1% | $135.0M-0.5% | $115.4M+38.8% | $103.2M-20.1% |
| Net Income | $584.5M+19.6% | $569.5M+28.6% | $449.2M+65.9% | $524.5M+41.4% | $488.8M+14.9% | $443.0M+0.2% | $270.7M-26.2% | $370.9M-18.1% |
| EPS (Basic) | $0.60+20.0% | $0.58+28.9% | $0.46+64.3% | $0.54+42.1% | $0.50+22.0% | $0.45+7.1% | $0.28-20.0% | $0.38-11.6% |
| EPS (Diluted) | $0.59+18.0% | $0.58+28.9% | $0.46+64.3% | $0.53+39.5% | $0.50+22.0% | $0.45+7.1% | $0.28-20.0% | $0.38-11.6% |
| Diluted Shares (Avg) | 988M+0.5% | 988M+0.7% | N/A | 985M+0.2% | 984M-5.1% | 981M-6.7% | N/A | 983M-7.2% |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Interest Expense.
MNST Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.4B+30.4% | $10.8B+31.8% | $10.0B+29.4% | $9.6B+19.3% | $8.7B+8.3% | $8.2B-18.5% | $7.7B-20.3% | $8.1B-13.5% |
| Current Assets | $6.4B+44.6% | $5.9B+43.0% | $5.4B+47.2% | $5.1B+30.0% | $4.4B+12.0% | $4.1B-31.5% | $3.6B-34.8% | $3.9B-26.6% |
| Cash & Equivalents | $2.2B+13.8% | $2.0B+7.2% | $2.1B+36.2% | $2.3B+41.1% | $1.9B+23.1% | $1.9B-26.1% | $1.5B-33.3% | $1.6B-8.4% |
| Short-Term Investments | $1.2B+744.6% | $945.3M | $677.1M | $286.4M | $145.3M | $0-100.0% | $0-100.0% | $0-100.0% |
| Inventory | $867.7M+31.8% | $828.3M+14.2% | $799.6M+8.5% | $704.6M-8.5% | $658.2M-21.1% | $725.1M-22.8% | $737.1M-24.1% | $770.3M-12.8% |
| Accounts Receivable | $1.9B+24.9% | $1.9B+38.4% | $1.6B+32.5% | $1.6B+24.6% | $1.5B+11.8% | $1.4B-0.7% | $1.2B+2.3% | $1.3B+4.4% |
| Long-Term Investments | $781.3M+465.9% | $770.4M | $487.3M | $359.2M | $138.1M | $0-100.0% | $0-100.0% | $0-100.0% |
| Goodwill | $1.3B0.0% | $1.3B0.0% | $1.3B0.0% | $1.3B-6.1% | $1.3B-6.1% | $1.3B-6.1% | $1.3B-6.1% | $1.4B0.0% |
| Total Liabilities | $2.0B+31.2% | $2.1B+23.9% | $1.7B-1.5% | $1.9B-17.9% | $1.5B-29.9% | $1.7B+12.3% | $1.8B+20.8% | $2.3B+57.8% |
| Current Liabilities | $1.7B+36.5% | $1.8B+48.1% | $1.4B+31.9% | $1.6B+27.7% | $1.3B+8.5% | $1.2B-0.3% | $1.1B-5.5% | $1.2B+5.6% |
| Non-Current Liabilities | $300.6M+7.4% | $301.4M-37.5% | $287.1M-56.8% | $275.7M-73.2% | $280.0M-72.9% | $482.2M+65.5% | $663.9M+124.2% | $1.0B+292.1% |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $199.1M | $374.0M | $748.8M |
| Total Equity | $9.4B+30.2% | $8.7B+33.9% | $8.3B+38.5% | $7.7B+34.0% | $7.2B+22.6% | $6.5B-24.0% | $6.0B-27.6% | $5.8B-26.6% |
| Retained Earnings | $10.5B+25.4% | $9.9B+25.7% | $9.4B+25.6% | $8.9B+24.1% | $8.4B+23.1% | $7.9B+23.7% | $7.4B+25.4% | $7.2B+28.8% |
MNST Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $509.2M+9.3% | $605.0M+19.2% | $379.4M-17.8% | $745.1M+20.5% | $466.0M+6.8% | $507.6M+23.2% | $461.7M+6.3% | $618.4M+18.9% |
| Depreciation & Amortization | $29.8M+8.1% | $28.4M+14.3% | $32.4M+57.3% | $29.6M+48.8% | $27.6M+41.8% | $24.8M+21.4% | $20.6M+11.2% | $19.9M+10.7% |
| Stock-Based Compensation | $35.7M+7.5% | $28.3M+36.5% | N/A | $32.8M+19.3% | $33.2M+76.6% | $20.7M-7.8% | N/A | $27.5M+53.6% |
| Capital Expenditures | $48.4M+54.2% | $20.6M-29.1% | $28.2M-69.1% | $43.6M-7.1% | $31.4M-47.5% | $29.1M-56.0% | $91.3M-17.9% | $47.0M+69.0% |
| Free Cash Flow | $460.8M+6.0% | $584.4M+22.1% | $351.2M-5.2% | $701.5M+22.8% | $434.6M+15.4% | $478.5M+38.3% | $370.4M+14.6% | $571.4M+16.0% |
| Investing Cash Flow | -$408.6M-25.0% | -$520.7M-1587.5% | -$597.5M-446.7% | -$361.5M-499.7% | -$326.9M-134.8% | -$30.9M+12.6% | -$109.3M-165.6% | -$60.3M+70.1% |
| Financing Cash Flow | $59.4M+136.4% | -$118.1M+18.9% | -$11.8M+96.7% | -$3.6M+99.3% | -$163.4M+93.1% | -$145.6M-71.8% | -$361.3M-232.1% | -$527.2M-33.1% |
| Share Buybacks | $8K | $134.0M+705.4% | $59.7M+3431.9% | $27.3M-94.9% | $0-100.0% | $16.6M-86.2% | $1.7M-99.0% | $535.7M+34.8% |
Not reported in any period shown, so not listed: Dividends Paid.
MNST Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.0%+0.2pp | 55.0%-1.6pp | 55.5%+0.2pp | 55.7%+2.6pp | 55.7%+2.1pp | 56.5%+2.4pp | 55.3%+1.1pp | 53.1%+0.1pp |
| Operating Margin | 29.2%-0.7pp | 31.0%+0.3pp | 25.5%+4.4pp | 30.7%+5.2pp | 29.9%+2.2pp | 30.7%+2.2pp | 21.0%-4.0pp | 25.5%-2.0pp |
| Net Margin | 23.0%-0.1pp | 24.2%+0.3pp | 21.1%+6.1pp | 23.9%+4.2pp | 23.2%+0.8pp | 23.9%+0.6pp | 14.9%-6.3pp | 19.7%-4.7pp |
| Return on Equity | 6.2%-0.6pp | 6.5%-0.3pp | 5.4%+0.9pp | 6.8%+0.4pp | 6.8%-0.4pp | 6.8%+1.6pp | 4.5%+0.1pp | 6.4%+0.7pp |
| Return on Assets | 5.1%-0.5pp | 5.3%-0.1pp | 4.5%+1.0pp | 5.5%+0.9pp | 5.6%+0.3pp | 5.4%+1.0pp | 3.5%-0.3pp | 4.6%-0.2pp |
| Current Ratio | 3.73+0.2x | 3.26-0.1x | 3.70+0.4x | 3.19+0.1x | 3.52+0.1x | 3.37-1.5x | 3.32-1.5x | 3.13-1.4x |
| Debt-to-Equity | 0.220.0x | 0.24+0.2x | 0.21+0.1x | 0.24+0.1x | 0.21+0.1x | 0.03-0.1x | 0.06+0.1x | 0.13-0.1x |
| Asset Turnover | 0.220.0x | 0.220.0x | 0.210.0x | 0.230.0x | 0.240.0x | 0.230.0x | 0.23+0.1x | 0.230.0x |
| FCF Margin | 18.2%-2.4pp | 24.8%-1.0pp | 16.5%-4.0pp | 31.9%+1.5pp | 20.6%+0.8pp | 25.8%+7.6pp | 20.4%+1.8pp | 30.4%+3.9pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation MNST | FY2025 | $8.3B | $1.9B | 23.0% | $84.1B | 82/100 |
| Keurig Dr Pepper Inc. KDP | FY2025 | $16.6B | $2.1B | 12.5% | $41.8B | 50/100 |
| PepsiCo, Inc. PEP | FY2025 | $93.9B | $8.2B | 8.8% | $171.4B | 50/100 |
| Celsius Holdings, Inc. CELH | FY2025 | $2.5B | $108.0M | 4.3% | $6.9B | 58/100 |
| Coca-Cola Consolidated, Inc. COKE | FY2025 | $7.2B | $570.6M | 7.9% | $12.5B | 56/100 |
Where Monster Beverage Corporation Ranks
Frequently Asked Questions
What is Monster Beverage Corporation's annual revenue?
Monster Beverage Corporation (MNST) reported $8.3B in total revenue for fiscal year 2025. This represents a 10.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Monster Beverage Corporation's revenue growing?
Monster Beverage Corporation (MNST) revenue grew by 10.7% year-over-year, from $7.5B to $8.3B in fiscal year 2025.
Is Monster Beverage Corporation profitable?
Yes, Monster Beverage Corporation (MNST) reported a net income of $1.9B in fiscal year 2025, with a net profit margin of 23.0%.
What is Monster Beverage Corporation's EBITDA?
Monster Beverage Corporation (MNST) had EBITDA of $2.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Monster Beverage Corporation's gross margin?
Monster Beverage Corporation (MNST) had a gross margin of 55.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Monster Beverage Corporation's operating margin?
Monster Beverage Corporation (MNST) had an operating margin of 29.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Monster Beverage Corporation's net profit margin?
Monster Beverage Corporation (MNST) had a net profit margin of 23.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Monster Beverage Corporation's return on equity (ROE)?
Monster Beverage Corporation (MNST) has a return on equity of 23.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Monster Beverage Corporation's free cash flow?
Monster Beverage Corporation (MNST) generated $2.0B in free cash flow during fiscal year 2025. This represents a 18.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Monster Beverage Corporation's operating cash flow?
Monster Beverage Corporation (MNST) generated $2.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Monster Beverage Corporation's total assets?
Monster Beverage Corporation (MNST) had $10.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Monster Beverage Corporation's capital expenditures?
Monster Beverage Corporation (MNST) invested $132.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Monster Beverage Corporation's current ratio?
Monster Beverage Corporation (MNST) had a current ratio of 3.70 as of fiscal year 2025, which is generally considered healthy.
What is Monster Beverage Corporation's debt-to-equity ratio?
Monster Beverage Corporation (MNST) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Monster Beverage Corporation's return on assets (ROA)?
Monster Beverage Corporation (MNST) had a return on assets of 19.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Monster Beverage Corporation's P/E ratio?
Monster Beverage Corporation (MNST) trades at 39.5x earnings, its market capitalization divided by net income of $2.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $84.1B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Monster Beverage Corporation's price-to-sales ratio?
Monster Beverage Corporation (MNST) trades at 9.1x sales, its market capitalization divided by revenue of $9.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $84.1B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Monster Beverage Corporation's Altman Z-Score?
Monster Beverage Corporation (MNST) has an Altman Z-Score of 32.50, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Monster Beverage Corporation's Piotroski F-Score?
Monster Beverage Corporation (MNST) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Monster Beverage Corporation's earnings high quality?
Monster Beverage Corporation (MNST) has an earnings quality ratio of 1.10x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Monster Beverage Corporation?
Monster Beverage Corporation (MNST) scores 82 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.