What is Molson Coors Beverage Company's earnings per share (EPS)?

Molson Coors Beverage Company (TAP) reported diluted earnings per share of -$10.75 for fiscal year 2025. This represents a -300.9% 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.

Molson Coors Beverage Company (TAP) Financials

TAP

FY2025 annual

Revenue $13.0B -5.1% YoY

Net Income -$2.1B -290.6% YoY

EPS (Diluted) -$10.75 -300.9% YoY

Free Cash Flow $1.1B -13.6% YoY

Market Cap $7.1B as of Oct 9, 2026

Price / Sales 0.5x on $13.0B revenue, FY2025

Price / Earnings n/m net loss, so no earnings multiple, FY2025

Price / Book 0.7x on $10.1B equity, Q2 FY2026

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 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TAP SEC filings page.

Molson Coors Beverage Company (TAP) reported $13.0B in revenue for fiscal year 2025, down 5.1% from the prior fiscal year. 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).

Rhea AI TAP FY2025 2026-10-04

2025 reveals a cash-generating beverage business hit by an accounting shock that sharply weakened reported profits and short-term liquidity.

The central disconnect is that FY2025 operating cash flow remained $1.8B while net income swung to a net loss of $2.1B, so the reported earnings collapse did not translate into an operating cash shortfall. At the same time, goodwill fell from $5.6B to $1.9B, linking the profit shock to a major balance-sheet reduction even though the figures do not specify its precise cause.

Revenue declined 5.0% in FY2025, but gross margin was nearly stable at 32.8% versus 33.0% previously; the collapse in operating margin from 12.8% to -17.9% therefore points to costs or charges below gross profit rather than a broad deterioration in product-level economics. Stable gross margin alongside negative operating profit is the important pattern.

The balance sheet became more pressured in the short term even as long-term debt fell to $3.9B from $6.1B: the current ratio dropped to 0.6x from 0.9x. That combination suggests debt reduction did not prevent obligations due within a year from rising faster than readily available current assets.

Financial Health Signals

Financial Health Score 32/100

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 Molson Coors Beverage Company'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.

Profitability

Molson Coors Beverage Company has an operating margin of -17.9%, meaning the company loses $18 on every $100 of revenue. This results in a profitability score of 22/100. This is down from 12.8% the prior year.

Growth

Molson Coors Beverage Company's revenue declined 5.1% year-over-year, from $13.7B to $13.0B. This contraction results in a growth score of 20/100.

Leverage

Molson Coors Beverage Company carries a low D/E ratio of 0.38, meaning only $0.38 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Molson Coors Beverage Company's current ratio of 0.55 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Molson Coors Beverage Company has a free cash flow margin of 8.2%, earning a moderate score of 62/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Molson Coors Beverage Company posts a -20.9% return on equity (ROE), meaning it loses $21 for every $100 of shareholders' equity. This results in a returns score of 20/100. This is down from 8.6% the prior year.

Altman Z-Score Distress

0.81

Molson Coors Beverage Company scores 0.81, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Molson Coors Beverage Company passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Molson Coors Beverage Company reported a net loss of $2.1B while generating $1.8B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Molson Coors Beverage Company reported an operating loss of $2.3B against $247.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.6B

YoY-3.6%

Molson Coors Beverage Company generated $3.6B in revenue in Q2 2026. This represents a decrease of 3.6% from the same quarter a year earlier.

EBITDA

$523.9M

YoY-30.5%

Molson Coors Beverage Company's EBITDA was $523.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.5% from the same quarter a year earlier.

Net Income

$231.7M

YoY-46.0%

Molson Coors Beverage Company reported $231.7M in net income in Q2 2026. This represents a decrease of 46.0% from the same quarter a year earlier.

EPS (Diluted)

$1.23

YoY-42.3%

QoQ+9.8%

Molson Coors Beverage Company earned $1.23 per diluted share (EPS) in Q2 2026. This represents a decrease of 42.3% from the same quarter a year earlier. Against the prior quarter it is up 9.8%.

Cash & Balance Sheet

Cash & Debt

$2.1B

YoY+246.7%

QoQ+137.4%

5Y CAGR+31.9%

10Y CAGR-2.0%

Molson Coors Beverage Company held $2.1B in cash against $5.7B in long-term debt as of Q2 2026.

Shares Outstanding

Diluted avg 188M

Molson Coors Beverage Company had a weighted average of 188M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

29.5%

YoY-4.8pp

Molson Coors Beverage Company's gross margin was 29.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 4.8 percentage points from the same quarter a year earlier.

Operating Margin

9.2%

YoY-6.4pp

Molson Coors Beverage Company's operating margin was 9.2% in Q2 2026, reflecting core business profitability. This is down 6.4 percentage points from the same quarter a year earlier.

Net Margin

6.4%

YoY-5.0pp

Molson Coors Beverage Company's net profit margin was 6.4% in Q2 2026, showing the share of revenue converted to profit. This is down 5.0 percentage points from the same quarter a year earlier.

Return on Equity

2.3%

YoY-0.9pp

Molson Coors Beverage Company's ROE was 2.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier.

Capital Allocation

None of these metrics is reported for Q2 2026.

TAP 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.

TAP quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$13.0B-5.1%	$13.7B-1.1%	$13.9B+8.4%	$12.8B+2.9%	$12.4B+6.2%	$11.7B-9.9%	$13.0B-2.5%	$13.3B-1.0%	$13.5B+104.2%	$6.6B+84.9%	$3.6B-39.8%	$5.9B-1.2%	$6.0B+6.8%	$5.6B+8.6%	$5.2B
Cost of Revenue	$6.9B-3.2%	$7.1B-3.3%	$7.3B+4.1%	$7.0B+13.2%	$6.2B+5.8%	$5.9B-7.7%	$6.4B-3.1%	$6.6B+5.6%	$6.2B+108.0%	$3.0B+40.7%	$2.1B-14.5%	$2.5B-2.1%	$2.5B+8.2%	$2.4B+14.8%	$2.0B
Gross Profit	$4.3B-5.7%	$4.5B+3.8%	$4.4B+19.5%	$3.7B-9.8%	$4.1B+7.6%	$3.8B-10.3%	$4.2B+0.4%	$4.2B-12.2%	$4.8B+152.7%	$1.9B+31.3%	$1.4B-13.1%	$1.7B-0.5%	$1.7B+6.2%	$1.6B+6.6%	$1.5B
SG&A Expenses	$2.6B-2.7%	$2.7B-2.2%	$2.8B+6.2%	$2.6B+2.5%	$2.6B+4.8%	$2.4B-10.7%	$2.7B-2.7%	$2.8B-8.2%	$3.1B+91.1%	$1.6B+53.8%	$1.0B-10.8%	$1.2B-2.5%	$1.2B+6.0%	$1.1B+10.5%	$1.0B
Operating Income	-$2.3B-233.3%	$1.8B+21.9%	$1.4B+813.1%	$157.5M-89.2%	$1.5B+455.7%	-$408.9M-153.5%	$764.4M-53.2%	$1.6B-2.7%	$1.7B-49.5%	$3.3B+485.8%	$567.2M-21.9%	$726.5M-9.8%	$805.7M-7.1%	$867.4M-2.9%	$893.2M
EBITDA	-$1.6B-164.7%	$2.5B+18.5%	$2.1B+151.8%	$842.3M-62.4%	$2.2B+336.7%	$513.1M-68.4%	$1.6B-34.8%	$2.5B0.0%	$2.5B-32.9%	$3.7B+320.9%	$881.6M-15.2%	$1.0B-7.7%	$1.1B-1.2%	$1.1B+2.7%	$1.1B
Interest Expense	$247.9M-12.3%	$282.7M+20.8%	$234.0M-6.6%	$250.6M-3.7%	$260.3M-5.2%	$274.6M-2.2%	$280.9M-8.3%	$306.2M-12.3%	$349.3M+28.6%	$271.6M+125.8%	$120.3M-17.0%	$145.0M-21.1%	$183.8M-6.4%	$196.3M+65.4%	$118.7M
Income Tax	-$337.8M-197.8%	$345.3M+16.6%	$296.1M+138.8%	$124.0M-46.2%	$230.5M-23.6%	$301.8M+29.1%	$233.7M+3.8%	$225.2M+210.1%	-$204.6M-114.1%	$1.5B+2264.7%	$61.5M-10.9%	$69.0M-17.9%	$84.0M-45.6%	$154.5M+55.4%	$99.4M
Net Income	-$2.1B-290.6%	$1.1B+18.3%	$948.9M+641.3%	-$175.3M-117.4%	$1.0B+206.0%	-$949.0M-492.6%	$241.7M-78.4%	$1.1B-28.7%	$1.6B-1.8%	$1.6B+303.3%	$395.2M-23.1%	$514.0M-9.4%	$567.3M+28.1%	$443.0M-34.5%	$676.3M
EPS (Basic)	-$10.75-299.8%	$5.38+22.6%	$4.39+642.0%	-$0.81-117.5%	$4.63+205.7%	-$4.38-491.1%	$1.12-78.3%	$5.17-21.3%	$6.57-30.1%	$9.40+341.3%	$2.13-23.4%	$2.78-10.3%	$3.10+26.5%	$2.45-33.1%	$3.66
EPS (Diluted)	-$10.75-300.9%	$5.35+22.4%	$4.37+639.5%	-$0.81-117.5%	$4.62+205.5%	-$4.38-494.6%	$1.11-78.4%	$5.15-21.1%	$6.53-30.1%	$9.34+340.6%	$2.12-23.2%	$2.76-10.4%	$3.08+26.2%	$2.44-32.8%	$3.63
Diluted Shares (Avg)	199M-5.1%	210M-3.4%	217M+0.2%	217M-0.3%	218M+0.4%	217M0.0%	217M+0.1%	217M0.0%	217M+1.5%	213M+14.5%	186M+0.2%	186M+1.0%	184M+1.3%	182M-2.5%	186M

Metric	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$3.6B-3.6%	N/A	$3.5B-3.3%	$3.7B-2.6%	N/A	$3.2B-2.7%	$3.6B-7.7%	$3.8B-0.9%
Cost of Revenue	$2.0B+6.0%	N/A	$1.8B-2.2%	$1.9B-0.2%	N/A	$1.7B-3.4%	$1.8B-5.7%	$1.9B-6.1%
Gross Profit	$1.1B-17.1%	N/A	$1.2B-2.4%	$1.3B-3.6%	N/A	$1.0B+0.4%	$1.2B-10.7%	$1.3B+9.1%
SG&A Expenses	$718.5M+3.7%	N/A	$686.7M+0.3%	$693.1M-4.9%	N/A	$649.7M-4.9%	$684.7M-8.3%	$728.5M-0.9%
Operating Income	$331.9M-43.1%	N/A	-$3.4B-860.4%	$583.6M-2.7%	N/A	$388.1M+94.7%	$451.2M-23.8%	$599.6M+22.7%
EBITDA	$523.9M-30.5%	N/A	-$3.3B-618.9%	$753.7M-1.8%	N/A	$635.4M+70.1%	$626.6M-17.7%	$767.3M+16.8%
Interest Expense	$68.8M+11.7%	N/A	$62.7M-41.1%	$61.6M+6.6%	N/A	$64.4M-9.2%	$106.4M+118.0%	$57.8M+5.9%
Income Tax	$61.5M-52.9%	N/A	-$558.6M-644.4%	$130.6M-3.0%	N/A	$52.6M-12.3%	$102.6M-8.7%	$134.6M+41.7%
Net Income	$231.7M-46.0%	N/A	-$2.9B-1565.3%	$428.7M+0.4%	N/A	$287.8M+178.6%	$199.8M-53.6%	$427.0M+24.7%
EPS (Basic)	$1.24-42.1%	$1.12-20.0%	-$14.79-1640.6%	$2.14+5.4%	N/A	$1.40+191.7%	$0.96-51.8%	$2.03+28.5%
EPS (Diluted)	$1.23-42.3%	$1.12-19.4%	-$14.79-1640.6%	$2.13+4.9%	N/A	$1.39+189.6%	$0.96-51.5%	$2.03+29.3%
Diluted Shares (Avg)	188M-6.7%	N/A	198M-4.9%	201M-4.6%	N/A	N/A	208M-4.4%	211M-3.2%

Not reported in any period shown, so not listed: R&D Expenses.

TAP Balance Sheet

TAP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$22.7B-12.8%	$26.1B-1.2%	$26.4B+2.0%	$25.9B-6.3%	$27.6B+1.1%	$27.3B-5.3%	$28.9B-4.2%	$30.1B-0.5%	$30.2B+3.1%	$29.3B+139.0%	$12.3B-12.2%	$14.0B-10.3%	$15.6B-3.9%	$16.2B+30.5%	$12.4B
Current Assets	$2.9B+3.1%	$2.8B0.0%	$2.8B+8.0%	$2.6B-5.1%	$2.8B+14.9%	$2.4B+10.7%	$2.2B-21.0%	$2.8B+26.3%	$2.2B+0.9%	$2.2B+72.4%	$1.3B-20.2%	$1.6B+2.6%	$1.5B-12.0%	$1.7B-17.5%	$2.1B
Cash & Equivalents	$896.5M-7.5%	$969.3M+11.6%	$868.9M+44.8%	$600.0M-5.9%	$637.4M-17.2%	$770.1M+47.1%	$523.4M-50.5%	$1.1B+152.7%	$418.6M-25.4%	$560.9M+30.2%	$430.9M-31.0%	$624.6M+41.2%	$442.3M-29.1%	$624.0M-42.2%	$1.1B
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$715.9M-1.6%	$727.8M-9.3%	$802.3M+1.2%	$792.9M-1.5%	$804.7M+21.1%	$664.3M+7.9%	$615.9M+4.1%	$591.8M+0.1%	$591.5M-0.2%	$592.7M+230.6%	$179.3M-11.3%	$202.2M-1.5%	$205.3M-4.0%	$213.9M+3.2%	$207.2M
Accounts Receivable	$703.0M+1.4%	$693.1M-8.5%	$757.8M+2.4%	$739.8M+9.0%	$678.9M+23.5%	$549.6M-22.1%	$705.9M-4.1%	$736.0M+1.1%	$728.3M+11.3%	$654.4M+60.4%	$407.9M-16.6%	$488.9M-14.6%	$572.8M-5.8%	$608.3M+14.8%	$529.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.9B-65.2%	$5.6B+4.8%	$5.3B+0.6%	$5.3B-14.0%	$6.2B0.0%	$6.2B-19.4%	$7.6B-7.6%	$8.3B-1.7%	$8.4B+1.9%	$8.3B+316.0%	$2.0B-9.5%	$2.2B-9.4%	$2.4B-1.4%	$2.5B+68.8%	$1.5B
Total Liabilities	$12.2B-3.3%	$12.6B-2.5%	$12.9B-0.1%	$13.0B-7.2%	$14.0B-5.1%	$14.7B-3.1%	$15.2B-7.3%	$16.4B-4.0%	$17.1B-3.7%	$17.7B+239.9%	$5.2B-14.5%	$6.1B-12.3%	$7.0B-15.5%	$8.2B+73.7%	$4.7B
Current Liabilities	$5.3B+74.4%	$3.0B-25.6%	$4.1B+21.2%	$3.4B-6.8%	$3.6B-7.4%	$3.9B+5.8%	$3.7B-14.1%	$4.3B+26.5%	$3.4B+7.7%	$3.2B+159.4%	$1.2B-47.6%	$2.3B+7.6%	$2.2B-16.8%	$2.6B+103.5%	$1.3B
Non-Current Liabilities	$6.9B-28.0%	$9.6B+8.1%	$8.8B-7.6%	$9.6B-7.3%	$10.3B-4.3%	$10.8B-6.0%	$11.5B-4.8%	$12.1B-11.6%	$13.7B-6.2%	$14.6B+264.4%	$4.0B+6.0%	$3.8B-21.3%	$4.8B-14.8%	$5.6B+62.7%	$3.5B
Long-Term Debt	$3.9B-36.8%	$6.1B+15.1%	$5.3B-13.8%	$6.2B-7.3%	$6.6B-7.8%	$7.2B-11.1%	$8.1B-8.8%	$8.9B-16.1%	$10.6B-6.9%	$11.4B+291.5%	$2.9B+25.3%	$2.3B-27.8%	$3.2B-6.1%	$3.4B+78.7%	$1.9B
Total Equity	$10.2B-21.9%	$13.1B-0.8%	$13.2B+4.0%	$12.7B-5.4%	$13.4B+8.5%	$12.4B-7.9%	$13.4B-0.7%	$13.5B+4.1%	$13.0B+13.7%	$11.4B+62.1%	$7.0B-10.4%	$7.9B-8.6%	$8.6B+8.0%	$8.0B+4.2%	$7.6B
Retained Earnings	$5.7B-30.5%	$8.2B+10.1%	$7.5B+8.6%	$6.9B-6.9%	$7.4B+13.1%	$6.5B-14.1%	$7.6B-1.0%	$7.7B+10.6%	$7.0B+13.2%	$6.1B+36.7%	$4.5B+1.3%	$4.4B+5.7%	$4.2B+7.7%	$3.9B+5.7%	$3.7B

Metric	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$24.4B-9.2%	$22.7B-12.8%	$22.9B-14.1%	$26.8B-2.1%	$25.9B-0.5%	$26.1B-1.2%	$26.6B+0.3%	$27.4B+2.3%
Current Assets	$4.6B+49.0%	$2.9B+3.1%	$3.2B0.0%	$3.1B-23.8%	$2.6B-4.2%	$2.8B0.0%	$3.2B+4.6%	$4.0B+21.3%
Cash & Equivalents	$2.1B+246.7%	$896.5M-7.5%	$950.2M-7.0%	$613.8M-62.7%	$412.7M-10.0%	$969.3M+11.6%	$1.0B+27.4%	$1.6B+71.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$849.1M-5.9%	$715.9M-1.6%	$820.6M-1.5%	$902.0M+6.3%	$870.5M0.0%	$727.8M-9.3%	$833.3M-2.3%	$848.5M-1.7%
Accounts Receivable	$1.0B-1.7%	$703.0M+1.4%	$842.5M-3.5%	$1.0B-4.9%	$789.1M-11.7%	$693.1M-8.5%	$873.5M-4.9%	$1.1B+5.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.1B-61.6%	$1.9B-65.2%	$1.9B-63.5%	$5.6B+5.1%	$5.6B+4.9%	$5.6B+4.8%	$5.3B-0.1%	$5.3B+0.5%
Total Liabilities	$14.0B+7.1%	$12.2B-3.3%	$12.2B-6.6%	$13.0B-6.8%	$12.5B-1.9%	$12.6B-2.5%	$13.1B-0.1%	$14.0B+3.3%
Current Liabilities	$5.2B+60.8%	$5.3B+74.4%	$5.3B+64.5%	$3.2B-23.5%	$2.9B-25.8%	$3.0B-25.6%	$3.2B-23.3%	$4.2B+10.6%
Non-Current Liabilities	$8.7B-10.7%	$6.9B-28.0%	$6.9B-30.1%	$9.8B+0.5%	$9.6B+8.6%	$9.6B+8.1%	$9.8B+11.0%	$9.7B+0.4%
Long-Term Debt	$5.7B-9.3%	$3.9B-36.8%	$3.9B-37.4%	$6.3B+1.5%	$6.2B+15.9%	$6.1B+15.1%	$6.2B+17.0%	$6.2B-0.5%
Total Equity	$10.1B-24.7%	$10.2B-21.9%	$10.3B-22.6%	$13.4B+2.0%	$13.1B-0.2%	$13.1B-0.8%	$13.3B+0.7%	$13.2B+1.1%
Retained Earnings	$5.9B-31.1%	$5.7B-30.5%	$5.6B-30.6%	$8.6B+8.4%	$8.3B+8.8%	$8.2B+10.1%	$8.0B+7.6%	$7.9B+11.3%

TAP Cash Flow Statement

TAP quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.8B-6.6%	$1.9B-8.1%	$2.1B+38.4%	$1.5B-4.5%	$1.6B-7.2%	$1.7B-10.6%	$1.9B-18.6%	$2.3B+24.9%	$1.9B+65.6%	$1.1B+57.4%	$715.9M-44.4%	$1.3B+10.2%	$1.2B+18.8%	$983.7M+13.3%	$868.1M
Depreciation & Amortization	$711.3M-6.3%	$759.4M+11.2%	$682.8M-0.3%	$684.8M-12.9%	$786.1M-14.7%	$922.0M+7.3%	$859.0M+0.2%	$857.5M+5.5%	$812.8M+109.3%	$388.4M+23.5%	$314.4M+0.4%	$313.0M-2.3%	$320.5M+17.5%	$272.7M+25.6%	$217.1M
Stock-Based Compensation	$35.0M-18.8%	$43.1M-4.0%	$44.9M+33.6%	$33.6M+4.7%	$32.1M+32.6%	$24.2M+184.7%	$8.5M-80.0%	$42.6M-26.9%	$58.3M+95.0%	$29.9M+62.5%	$18.4M-21.7%	$23.5M+20.5%	$19.5M+39.3%	$14.0M-43.3%	$24.7M
Capital Expenditures	$716.6M+6.3%	$674.1M+0.4%	$671.5M+1.5%	$661.4M+26.6%	$522.6M-9.1%	$574.8M-3.2%	$593.8M-8.9%	$651.7M+8.7%	$599.6M+75.4%	$341.8M+24.3%	$275.0M+6.0%	$259.5M-11.7%	$293.9M+32.2%	$222.3M-5.6%	$235.4M
Free Cash Flow	$1.1B-13.6%	$1.2B-12.2%	$1.4B+67.4%	$840.6M-20.0%	$1.1B-6.2%	$1.1B-14.0%	$1.3B-22.4%	$1.7B+32.6%	$1.3B+61.3%	$785.1M+78.1%	$440.9M-57.1%	$1.0B+17.6%	$874.3M+14.8%	$761.4M+20.3%	$632.7M
Investing Cash Flow	-$822.1M-26.9%	-$648.0M+23.0%	-$841.7M-34.7%	-$625.1M-22.6%	-$509.9M-23.3%	-$413.6M+4.5%	-$433.3M+35.2%	-$669.1M-24.3%	-$538.2M+95.6%	-$12.3B-3570.9%	-$334.7M-39.8%	-$239.4M+13.6%	-$277.0M+89.5%	-$2.6B-679.4%	-$338.1M
Financing Cash Flow	-$1.1B+7.2%	-$1.1B-16.0%	-$981.4M-10.3%	-$889.5M+24.1%	-$1.2B-9.5%	-$1.1B+46.7%	-$2.0B-98.9%	-$1.0B+32.6%	-$1.5B-113.2%	$11.3B+2229.4%	-$531.5M+35.0%	-$817.3M+22.8%	-$1.1B-190.4%	$1.2B+276.1%	-$665.1M
Dividends Paid	$376.3M+1.9%	$369.2M+4.1%	$354.7M+7.7%	$329.3M+122.8%	$147.8M+18.0%	$125.3M-70.5%	$424.4M+19.8%	$354.2M+0.2%	$353.4M+0.1%	$352.9M+16.3%	$303.4M+10.9%	$273.6M+16.6%	$234.6M+1.0%	$232.2M+1.8%	$228.1M
Share Buybacks	$647.9M+0.7%	$643.4M+212.6%	$205.8M+299.6%	$51.5M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	N/A	$540.7M+9.3%	$616.1M+18.2%	N/A	N/A	$494.5M+4.2%	$521.2M-26.6%	$869.2M-2.4%
Depreciation & Amortization	$192.0M+12.9%	$181.1M-26.8%	$179.8M+2.5%	$170.1M+1.4%	N/A	$247.3M+42.0%	$175.4M+4.0%	$167.7M-0.4%
Stock-Based Compensation	N/A	N/A	N/A	N/A	$11.9M-7.0%	N/A	N/A	N/A
Capital Expenditures	N/A	$182.9M+64.6%	$133.1M-22.1%	$163.3M-8.0%	N/A	$111.1M-37.4%	$170.8M+7.4%	$177.5M+15.5%
Free Cash Flow	N/A	$357.8M-6.7%	$483.0M+37.8%	N/A	N/A	$383.4M+29.0%	$350.4M-36.4%	$691.7M-6.2%
Investing Cash Flow	N/A	-$187.0M-58.9%	-$135.4M+9.1%	N/A	N/A	-$117.7M+32.0%	-$148.9M+54.6%	-$168.9M-3.5%
Financing Cash Flow	N/A	-$410.2M-4.2%	-$140.4M+86.4%	N/A	N/A	-$393.6M-55.7%	-$1.0B-95.6%	$501.8M+604.8%
Dividends Paid	N/A	$90.6M+0.9%	$93.0M+2.2%	N/A	N/A	$89.8M+2.0%	$91.0M+2.8%	$91.6M+3.3%
Share Buybacks	N/A	$315.1M+53.0%	$26.0M-58.1%	N/A	N/A	$206.0M+42.2%	$62.1M+81.6%	$261.7M+2062.8%

TAP 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.

TAP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	32.8%-0.2pp	33.0%+1.5pp	31.5%+2.9pp	28.5%-4.0pp	32.6%+0.4pp	32.1%-0.2pp	32.3%+0.9pp	31.4%-4.0pp	35.4%+6.8pp	28.6%-11.7pp	40.3%+12.4pp	27.9%+0.2pp	27.7%-0.2pp	27.9%-0.5pp	28.4%
Operating Margin	-17.9%-30.7pp	12.8%+2.4pp	10.4%+9.1pp	1.2%-10.4pp	11.7%+15.2pp	-3.5%-9.4pp	5.9%-6.3pp	12.2%-0.2pp	12.4%-37.9pp	50.4%+34.5pp	15.9%+3.6pp	12.3%-1.2pp	13.4%-2.0pp	15.4%-1.8pp	17.3%
Net Margin	-16.4%-24.6pp	8.2%+1.3pp	6.8%+8.2pp	-1.4%-9.4pp	8.1%+16.2pp	-8.1%-10.0pp	1.9%-6.5pp	8.4%-3.3pp	11.6%-12.5pp	24.2%+13.1pp	11.1%+2.4pp	8.7%-0.8pp	9.5%+1.6pp	7.9%-5.2pp	13.1%
Return on Equity	-20.9%-29.5pp	8.6%+1.4pp	7.2%+8.6pp	-1.4%-8.9pp	7.5%+15.2pp	-7.7%-9.5pp	1.8%-6.5pp	8.3%-3.8pp	12.1%-1.9pp	14.0%+8.3pp	5.6%-0.9pp	6.5%-0.1pp	6.6%+1.0pp	5.6%-3.3pp	8.8%
Return on Assets	-9.4%-13.7pp	4.3%+0.7pp	3.6%+4.3pp	-0.7%-4.3pp	3.6%+7.1pp	-3.5%-4.3pp	0.8%-2.9pp	3.7%-1.5pp	5.2%-0.3pp	5.4%+2.2pp	3.2%-0.5pp	3.7%0.0pp	3.6%+0.9pp	2.7%-2.7pp	5.4%
Current Ratio	0.55-0.4x	0.94+0.2x	0.70-0.1x	0.780.0x	0.77+0.1x	0.620.0x	0.59-0.1x	0.640.0x	0.640.0x	0.69-0.3x	1.03+0.4x	0.680.0x	0.710.0x	0.67-1.0x	1.66
Debt-to-Equity	0.38-0.1x	0.47+0.1x	0.40-0.1x	0.490.0x	0.50-0.1x	0.580.0x	0.60-0.1x	0.66-0.2x	0.82-0.2x	1.00+0.6x	0.41+0.1x	0.30-0.1x	0.37-0.1x	0.43+0.2x	0.25
Asset Turnover	0.570.0x	0.530.0x	0.530.0x	0.500.0x	0.450.0x	0.430.0x	0.450.0x	0.440.0x	0.45+0.2x	0.22-0.1x	0.29-0.1x	0.420.0x	0.390.0x	0.35-0.1x	0.42
FCF Margin	8.2%-0.8pp	9.0%-1.1pp	10.1%+3.6pp	6.6%-1.9pp	8.4%-1.1pp	9.6%-0.5pp	10.0%-2.6pp	12.6%+3.2pp	9.4%-2.5pp	11.9%-0.5pp	12.4%-5.0pp	17.3%+2.8pp	14.6%+1.0pp	13.6%+1.3pp	12.2%

Metric	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	29.5%-4.8pp	N/A	33.7%+0.3pp	34.3%-0.4pp	N/A	32.0%+1.0pp	33.4%-1.1pp	34.6%+3.2pp
Operating Margin	9.2%-6.4pp	N/A	-98.5%-111.0pp	15.6%0.0pp	N/A	12.0%+6.0pp	12.5%-2.6pp	15.6%+3.0pp
Net Margin	6.4%-5.0pp	N/A	-84.0%-89.6pp	11.5%+0.3pp	N/A	8.9%+5.8pp	5.5%-5.5pp	11.1%+2.3pp
Return on Equity	2.3%-0.9pp	N/A	-28.3%-29.8pp	3.2%-0.1pp	N/A	2.2%+1.4pp	1.5%-1.8pp	3.2%+0.6pp
Return on Assets	0.9%-0.7pp	N/A	-12.8%-13.6pp	1.6%0.0pp	N/A	1.1%+0.7pp	0.8%-0.9pp	1.6%+0.3pp
Current Ratio	0.88-0.1x	0.55-0.4x	0.60-0.4x	0.950.0x	0.89+0.2x	0.94+0.2x	0.99+0.3x	0.95+0.1x
Debt-to-Equity	0.56+0.1x	0.38-0.1x	0.38-0.1x	0.470.0x	0.47+0.1x	0.47+0.1x	0.46+0.1x	0.470.0x
Asset Turnover	0.150.0x	N/A	0.150.0x	0.140.0x	N/A	0.120.0x	0.140.0x	0.140.0x
FCF Margin	N/A	N/A	13.9%+4.1pp	N/A	N/A	11.8%+2.9pp	9.7%-4.4pp	18.0%-1.0pp

Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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
Molson Coors Beverage Company TAP	FY2025	$13.0B	-$2.1B	-16.4%	$7.1B	32/100
Boston Beer Company SAM	FY2025	$2.0B	$109.5M	5.6%	$1.7B	54/100
Constellation Brands, Inc. STZ	FY2026	$9.1B	$1.7B	18.5%	$20.2B	49/100
FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. FMX	FY2025	$46.7B	$1.8B	3.9%	$39.9B	27/100
Anheuser-Busch InBev SA/NV BUD	FY2025	$59.3B	$8.5B	14.3%	$146.9B	29/100

Where Molson Coors Beverage Company Ranks

Frequently Asked Questions

What is Molson Coors Beverage Company's annual revenue?

Molson Coors Beverage Company (TAP) reported $13.0B in total revenue for fiscal year 2025. This represents a -5.1% 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 Company's revenue growing?

Molson Coors Beverage Company (TAP) revenue declined by 5.1% year-over-year, from $13.7B to $13.0B in fiscal year 2025.

Is Molson Coors Beverage Company profitable?

No, Molson Coors Beverage Company (TAP) reported a net income of -$2.1B in fiscal year 2025, with a net profit margin of -16.4%.

What is Molson Coors Beverage Company's EBITDA?

Molson Coors Beverage Company (TAP) had EBITDA of -$1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Molson Coors Beverage Company have?

As of fiscal year 2025, Molson Coors Beverage Company (TAP) had $896.5M in cash and equivalents against $3.9B in long-term debt.

What is Molson Coors Beverage Company's gross margin?

Molson Coors Beverage Company (TAP) had a gross margin of 32.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Molson Coors Beverage Company's operating margin?

Molson Coors Beverage Company (TAP) had an operating margin of -17.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Molson Coors Beverage Company's net profit margin?

Molson Coors Beverage Company (TAP) had a net profit margin of -16.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Molson Coors Beverage Company pay dividends?

Yes, Molson Coors Beverage Company (TAP) paid $1.88 per share in dividends during fiscal year 2025.

What is Molson Coors Beverage Company's return on equity (ROE)?

Molson Coors Beverage Company (TAP) has a return on equity of -20.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Molson Coors Beverage Company's free cash flow?

Molson Coors Beverage Company (TAP) generated $1.1B in free cash flow during fiscal year 2025. This represents a -13.6% 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 Company's operating cash flow?

Molson Coors Beverage Company (TAP) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Molson Coors Beverage Company's total assets?

Molson Coors Beverage Company (TAP) had $22.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Molson Coors Beverage Company's capital expenditures?

Molson Coors Beverage Company (TAP) invested $716.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Molson Coors Beverage Company buy back shares?

Yes, Molson Coors Beverage Company (TAP) spent $647.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Molson Coors Beverage Company's current ratio?

Molson Coors Beverage Company (TAP) had a current ratio of 0.55 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Molson Coors Beverage Company's debt-to-equity ratio?

Molson Coors Beverage Company (TAP) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Molson Coors Beverage Company's return on assets (ROA)?

Molson Coors Beverage Company (TAP) had a return on assets of -9.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Molson Coors Beverage Company's P/E ratio?

Molson Coors Beverage Company (TAP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $7.1B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Molson Coors Beverage Company's price-to-sales ratio?

Molson Coors Beverage Company (TAP) trades at 0.5x sales, its market capitalization divided by revenue of $13.0B revenue, FY2025. The market capitalization is $7.1B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Molson Coors Beverage Company's Altman Z-Score?

Molson Coors Beverage Company (TAP) has an Altman Z-Score of 0.81, 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 Company's Piotroski F-Score?

Molson Coors Beverage Company (TAP) has a Piotroski F-Score of 4 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 Molson Coors Beverage Company's earnings high quality?

Molson Coors Beverage Company (TAP) reported a net loss of $2.1B while generating $1.8B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Company cover its interest payments?

Molson Coors Beverage Company (TAP) reported an operating loss of $2.3B against $247.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Company?

Molson Coors Beverage Company (TAP) scores 32 out of 100 on our Financial Health Score, indicating weak 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.