Molson Coors Beverage Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Molson Coors Beverage has an operating margin of 12.8%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is up from 10.4% the prior year.
Molson Coors Beverage's revenue declined 1.1% year-over-year, from $13.9B to $13.7B. This contraction results in a growth score of 25/100.
Molson Coors Beverage carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Molson Coors Beverage's current ratio of 0.94 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.
Molson Coors Beverage has a free cash flow margin of 9.0%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.
Molson Coors Beverage's ROE of 8.6% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 7.2% the prior year.
Molson Coors Beverage scores 1.68, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Molson Coors Beverage passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Molson Coors Beverage generates $1.70 in operating cash flow ($1.9B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Molson Coors Beverage earns $6.2 in operating income for every $1 of interest expense ($1.8B vs $282.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Molson Coors Beverage (TAP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Key Financial Metrics
Molson Coors Beverage generated $13.7B in revenue in fiscal year 2024. This represents a decrease of 1.1% from the prior year.
Molson Coors Beverage's EBITDA was $2.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.5% from the prior year.
Molson Coors Beverage generated $1.2B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 12.2% from the prior year.
Molson Coors Beverage reported $1.1B in net income in fiscal year 2024. This represents an increase of 18.3% from the prior year.
Molson Coors Beverage earned $5.35 per diluted share (EPS) in fiscal year 2024. This represents an increase of 22.4% from the prior year.
Molson Coors Beverage held $969.3M in cash against $6.1B in long-term debt as of fiscal year 2024.
Molson Coors Beverage paid $1.76 per share in dividends in fiscal year 2024. This represents an increase of 7.3% from the prior year.
Molson Coors Beverage's gross margin was 33.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.5 percentage points from the prior year.
Molson Coors Beverage's operating margin was 12.8% in fiscal year 2024, reflecting core business profitability. This is up 2.4 percentage points from the prior year.
Molson Coors Beverage's net profit margin was 8.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.
Molson Coors Beverage's ROE was 8.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Molson Coors Beverage spent $643.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 212.6% from the prior year.
Molson Coors Beverage invested $674.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 0.4% from the prior year.
TAP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B-6.8% | $3.7B+39.0% | $2.7B-17.1% | $3.2B-15.5% | $3.8B+25.9% | $3.0B-8.5% | $3.3B-14.7% | $3.9B |
| Cost of Revenue | $1.8B-6.2% | $1.9B+32.0% | $1.5B-14.4% | $1.7B-11.7% | $1.9B+17.7% | $1.6B-7.1% | $1.8B-10.0% | $2.0B |
| Gross Profit | $1.2B-8.5% | $1.3B+50.7% | $850.9M-18.0% | $1.0B-22.0% | $1.3B+38.0% | $963.5M-6.7% | $1.0B-23.3% | $1.3B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $686.7M-0.9% | $693.1M+6.1% | $653.2M+0.5% | $649.7M-10.8% | $728.5M+11.3% | $654.6M-4.2% | $683.2M-8.5% | $746.8M |
| Operating Income | -$3.4B-687.9% | $583.6M+213.3% | $186.3M-52.0% | $388.1M-35.3% | $599.6M+90.8% | $314.3M+57.7% | $199.3M-66.3% | $592.2M |
| Interest Expense | $62.7M+1.8% | $61.6M+0.5% | $61.3M-4.8% | $64.4M+11.4% | $57.8M+6.8% | $54.1M | N/A | N/A |
| Income Tax | -$558.6M-527.7% | $130.6M+293.4% | $33.2M-36.9% | $52.6M-60.9% | $134.6M+142.5% | $55.5M-7.5% | $60.0M-46.6% | $112.4M |
| Net Income | -$2.9B-782.9% | $428.7M+254.3% | $121.0M-58.0% | $287.8M-32.6% | $427.0M+105.5% | $207.8M+101.2% | $103.3M-76.0% | $430.7M |
| EPS (Diluted) | $-14.79-794.4% | $2.13+261.0% | $0.59-57.6% | $1.39-31.5% | $2.03+109.3% | $0.97+98.0% | $0.49-75.3% | $1.98 |
TAP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $22.9B-14.7% | $26.8B+3.5% | $25.9B-0.5% | $26.1B-4.9% | $27.4B+5.1% | $26.1B-1.1% | $26.4B-0.7% | $26.6B |
| Current Assets | $3.2B+5.0% | $3.1B+20.0% | $2.6B-10.0% | $2.8B-29.5% | $4.0B+50.8% | $2.7B-6.0% | $2.8B-7.7% | $3.1B |
| Cash & Equivalents | $950.2M+54.8% | $613.8M+48.7% | $412.7M-57.4% | $969.3M-41.2% | $1.6B+259.4% | $458.4M-47.2% | $868.9M+8.4% | $801.7M |
| Inventory | $820.6M-9.0% | $902.0M+3.6% | $870.5M+19.6% | $727.8M-14.2% | $848.5M-2.6% | $870.9M+8.6% | $802.3M-5.9% | $852.6M |
| Accounts Receivable | $842.5M-17.5% | $1.0B+29.5% | $789.1M+13.9% | $693.1M-35.5% | $1.1B+20.1% | $894.1M+18.0% | $757.8M-17.5% | $918.7M |
| Goodwill | $1.9B-65.2% | $5.6B+0.2% | $5.6B0.0% | $5.6B+4.9% | $5.3B0.0% | $5.3B-0.1% | $5.3B+0.1% | $5.3B |
| Total Liabilities | $12.2B-6.3% | $13.0B+4.4% | $12.5B-1.1% | $12.6B-9.8% | $14.0B+9.9% | $12.7B-1.7% | $12.9B-1.1% | $13.1B |
| Current Liabilities | $5.3B+64.9% | $3.2B+13.1% | $2.9B-5.9% | $3.0B-28.1% | $4.2B+9.7% | $3.9B-5.6% | $4.1B-3.4% | $4.2B |
| Long-Term Debt | $3.9B-37.9% | $6.3B+1.7% | $6.2B+0.7% | $6.1B-0.8% | $6.2B+16.0% | $5.3B0.0% | $5.3B+0.2% | $5.3B |
| Total Equity | $10.3B-23.2% | $13.4B+2.7% | $13.1B0.0% | $13.1B-0.7% | $13.2B+0.5% | $13.1B-0.6% | $13.2B-0.4% | $13.2B |
| Retained Earnings | $5.6B-35.1% | $8.6B+4.0% | $8.3B+0.3% | $8.2B+3.9% | $7.9B+4.4% | $7.6B+1.5% | $7.5B+0.2% | $7.5B |
TAP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $616.1M-14.2% | $718.3M+892.0% | -$90.7M-118.3% | $494.5M-43.1% | $869.2M+3322.0% | $25.4M-94.6% | $474.5M-33.2% | $710.1M |
| Capital Expenditures | $133.1M-18.5% | $163.3M-31.2% | $237.3M+113.6% | $111.1M-37.4% | $177.5M-17.3% | $214.7M+21.0% | $177.4M+11.6% | $159.0M |
| Free Cash Flow | $483.0M-13.0% | $555.0M+269.2% | -$328.0M-185.6% | $383.4M-44.6% | $691.7M+465.4% | -$189.3M-163.7% | $297.1M-46.1% | $551.1M |
| Investing Cash Flow | -$135.4M+14.5% | -$158.4M+53.6% | -$341.3M-190.0% | -$117.7M+30.3% | -$168.9M+20.5% | -$212.5M-22.7% | -$173.2M+47.2% | -$327.9M |
| Financing Cash Flow | -$140.4M+62.6% | -$375.0M-185.8% | -$131.2M+66.7% | -$393.6M-178.4% | $501.8M+332.1% | -$216.2M+14.5% | -$252.8M+52.0% | -$526.7M |
| Dividends Paid | $93.0M-0.5% | $93.5M-5.7% | $99.2M+10.5% | $89.8M-2.0% | $91.6M-5.4% | $96.8M+10.0% | $88.0M-0.6% | $88.5M |
| Share Buybacks | $26.0M-89.5% | $247.2M+314.8% | $59.6M-71.1% | $206.0M-21.3% | $261.7M+130.4% | $113.6M-21.6% | $144.9M+323.7% | $34.2M |
TAP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.7%-0.6pp | 34.3%+2.6pp | 31.6%-0.4pp | 32.0%-2.7pp | 34.6%+3.0pp | 31.6%+0.6pp | 31.0%-3.5pp | 34.5% |
| Operating Margin | -98.5%-114.1pp | 15.6%+8.7pp | 6.9%-5.0pp | 12.0%-3.7pp | 15.6%+5.3pp | 10.3%+4.3pp | 6.0%-9.2pp | 15.2% |
| Net Margin | -84.0%-95.5pp | 11.5%+7.0pp | 4.5%-4.4pp | 8.9%-2.3pp | 11.1%+4.3pp | 6.8%+3.7pp | 3.1%-7.9pp | 11.0% |
| Return on Equity | N/A | 3.2%+2.3pp | 0.9%-1.3pp | 2.2%-1.0pp | 3.2%+1.7pp | 1.6%+0.8pp | 0.8%-2.5pp | 3.3% |
| Return on Assets | -12.8%-14.4pp | 1.6%+1.1pp | 0.5%-0.6pp | 1.1%-0.5pp | 1.6%+0.8pp | 0.8%+0.4pp | 0.4%-1.2pp | 1.6% |
| Current Ratio | 0.60-0.3 | 0.95+0.1 | 0.89-0.0 | 0.94-0.0 | 0.95+0.3 | 0.690.0 | 0.70-0.0 | 0.73 |
| Debt-to-Equity | 0.38-0.1 | 0.470.0 | 0.470.0 | 0.470.0 | 0.47+0.1 | 0.400.0 | 0.400.0 | 0.40 |
| FCF Margin | 13.9%-1.0pp | 14.8%+27.0pp | -12.2%-24.0pp | 11.8%-6.2pp | 18.0%+24.2pp | -6.2%-15.1pp | 8.9%-5.2pp | 14.1% |
Note: The current ratio is below 1.0 (0.94), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Molson Coors Beverage's annual revenue?
Molson Coors Beverage (TAP) reported $13.7B in total revenue for fiscal year 2024. This represents a -1.1% 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 Molson Coors Beverage's revenue growing?
Molson Coors Beverage (TAP) revenue declined by 1.1% year-over-year, from $13.9B to $13.7B in fiscal year 2024.
Is Molson Coors Beverage profitable?
Yes, Molson Coors Beverage (TAP) reported a net income of $1.1B in fiscal year 2024, with a net profit margin of 8.2%.
What is Molson Coors Beverage's earnings per share (EPS)?
Molson Coors Beverage (TAP) reported diluted earnings per share of $5.35 for fiscal year 2024. This represents a 22.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Molson Coors Beverage's EBITDA?
Molson Coors Beverage (TAP) had EBITDA of $2.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Molson Coors Beverage have?
As of fiscal year 2024, Molson Coors Beverage (TAP) had $969.3M in cash and equivalents against $6.1B in long-term debt.
What is Molson Coors Beverage's gross margin?
Molson Coors Beverage (TAP) had a gross margin of 33.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Molson Coors Beverage's operating margin?
Molson Coors Beverage (TAP) had an operating margin of 12.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Molson Coors Beverage's net profit margin?
Molson Coors Beverage (TAP) had a net profit margin of 8.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Molson Coors Beverage pay dividends?
Yes, Molson Coors Beverage (TAP) paid $1.76 per share in dividends during fiscal year 2024.
What is Molson Coors Beverage's return on equity (ROE)?
Molson Coors Beverage (TAP) has a return on equity of 8.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Molson Coors Beverage's free cash flow?
Molson Coors Beverage (TAP) generated $1.2B in free cash flow during fiscal year 2024. This represents a -12.2% 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 Molson Coors Beverage's operating cash flow?
Molson Coors Beverage (TAP) generated $1.9B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Molson Coors Beverage's total assets?
Molson Coors Beverage (TAP) had $26.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Molson Coors Beverage's capital expenditures?
Molson Coors Beverage (TAP) invested $674.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Molson Coors Beverage buy back shares?
Yes, Molson Coors Beverage (TAP) spent $643.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Molson Coors Beverage's current ratio?
Molson Coors Beverage (TAP) had a current ratio of 0.94 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Molson Coors Beverage's debt-to-equity ratio?
Molson Coors Beverage (TAP) had a debt-to-equity ratio of 0.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Molson Coors Beverage's return on assets (ROA)?
Molson Coors Beverage (TAP) had a return on assets of 4.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Molson Coors Beverage's Altman Z-Score?
Molson Coors Beverage (TAP) has an Altman Z-Score of 1.68, placing it in the Distress Zone (elevated 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 Molson Coors Beverage's Piotroski F-Score?
Molson Coors Beverage (TAP) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Molson Coors Beverage's earnings high quality?
Molson Coors Beverage (TAP) has an earnings quality ratio of 1.70x, 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.
Can Molson Coors Beverage cover its interest payments?
Molson Coors Beverage (TAP) has an interest coverage ratio of 6.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Molson Coors Beverage?
Molson Coors Beverage (TAP) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.