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MNST

Monster Beverage Corporation

MNST

Monster Beverage Corporation • NASDAQ
$74.99 ▼ -0.07% (-0.05)
Market Cap $73.27 B
52w High $75.27
52w Low $45.70
Dividend Yield 0%
P/E 42.61
Volume 1.86M
Outstanding Shares 977.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.197B ▲ $549.134M ▲ $524.455M ▲ 23.87% ▲ $0.54 ▲ $717.094M ▲
Q2-2025 $2.112B ▲ $544.791M ▲ $488.794M ▲ 23.148% ▼ $0.5 ▲ $676.044M ▲
Q1-2025 $1.855B ▲ $478.217M ▼ $442.993M ▲ 23.887% ▲ $0.46 ▲ $606.865M ▲
Q4-2024 $1.812B ▼ $621.221M ▲ $270.711M ▼ 14.94% ▼ $0.28 ▼ $401.836M ▼
Q3-2024 $1.881B $519.883M $370.919M 19.72% $0.38 $499.825M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.579B ▲ $9.611B ▲ $1.866B ▲ $7.745B ▲
Q2-2025 $2.072B ▲ $8.73B ▲ $1.539B ▼ $7.191B ▲
Q1-2025 $1.903B ▲ $8.227B ▲ $1.708B ▼ $6.519B ▲
Q4-2024 $1.533B ▼ $7.719B ▼ $1.761B ▼ $5.958B ▲
Q3-2024 $1.625B $8.053B $2.274B $5.779B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $524.455M ▲ $745.146M ▲ $-361.519M ▼ $-3.629M ▲ $366.012M ▲ $701.505M ▲
Q2-2025 $488.794M ▲ $466.016M ▼ $-326.874M ▼ $-163.387M ▼ $23.508M ▼ $434.612M ▼
Q1-2025 $442.993M ▲ $507.6M ▲ $-30.855M ▲ $-145.585M ▲ $370.132M ▲ $478.544M ▲
Q4-2024 $270.711M ▼ $461.701M ▼ $-109.291M ▼ $-361.325M ▲ $-92.052M ▼ $349.535M ▼
Q3-2024 $370.919M $618.399M $-60.286M $-527.229M $60.605M $556.307M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Alcohol Brands
Alcohol Brands
 $30.00M ▲$30.00M ▲$40.00M ▲$30.00M ▼
Monster Energy Drinks
Monster Energy Drinks
 $1.67Bn ▲$1.72Bn ▲$1.94Bn ▲$2.03Bn ▲
Strategic Brands
Strategic Brands
 $100.00M ▲$100.00M ▲$130.00M ▲$130.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Monster’s sales have risen steadily over the last five years, showing that demand for its drinks continues to grow worldwide. Profitability remains strong, with healthy margins, although operating profit has not grown as fast as revenue, suggesting higher costs or heavier spending on marketing, distribution, and new categories. Net income has been solid but a bit uneven recently, which can reflect cost inflation, product launches, and geographic expansion. Overall, the business still looks very profitable, but it is spending more to defend and extend its position.

Balance Sheet

Balance Sheet The company runs a very asset-light model, which helps keep its balance sheet relatively simple and flexible. It holds a meaningful cash cushion and only a small amount of debt, so financial leverage risk appears low. Equity has grown over time but dipped recently, likely reflecting share repurchases or capital returns rather than underlying weakness. The overall picture is of a financially conservative company with room to maneuver in downturns or to fund growth initiatives.

Cash Flow

Cash Flow Monster generates strong cash flow from its operations, and that cash generation has improved over time in line with the expansion of the business. It spends relatively little on capital investments compared with the cash it brings in, so free cash flow is robust and consistently positive. One year showed weaker cash conversion, likely due to inventory or receivables swings, but this appears more like working capital noise than a structural issue. The cash flow profile gives the company ample capacity to invest, experiment with new products, and return cash to shareholders if it chooses.

Competitive Edge

Competitive Edge Monster’s competitive edge comes from its powerful brand in energy drinks, deep ties to youth culture, and heavy presence in gaming, music, and extreme sports. Its distribution partnership with Coca‑Cola is a major advantage, giving it reach and shelf space that are hard for rivals to match. The company has built a broad product lineup that touches many niches—performance energy, coffee-energy blends, hydration, zero-sugar, wellness—and this diversification helps reduce reliance on a single product. Key risks include intense competition (notably Red Bull and newer entrants), shifting health perceptions around energy drinks, and regulatory scrutiny in some markets.

Innovation and R&D

Innovation and R&D Innovation at Monster is driven more by marketing, branding, and product concepts than by traditional lab-heavy research. The company is quick to spot consumer trends—such as zero-sugar, fitness-oriented energy, and wellness drinks—and roll out new lines like Reign, Ultra, and Reign Storm to match those tastes. It is also experimenting in adjacent spaces such as alcoholic ready‑to‑drink beverages and even non‑traditional offerings like non‑alcoholic brews and cold brew coffee-energy hybrids. This constant stream of new products helps keep the brand fresh but also adds execution risk, as not every launch will succeed and some categories (like alcohol) can be more volatile and regulated.

Summary

Monster Beverage combines strong brands, high profitability, and an asset‑light, cash‑generative model, which together create a sturdy financial and competitive foundation. Revenue has marched upward, though profit growth has been a bit bumpier as the company invests in marketing, distribution, and new categories. The balance sheet is conservative, with plenty of cash and little reliance on debt, and cash flows give it ample flexibility. Strategically, Monster benefits from its partnership with Coca‑Cola and its ability to align products with evolving consumer tastes, from zero‑sugar and wellness to alcoholic drinks. The main uncertainties revolve around competitive intensity, health and regulatory trends, and the success of newer product lines, especially in alcohol and wellness-focused beverages.

NEWS

November 6, 2025 · 4:10 PM UTC

Monster Beverage Reports 2025 Third Quarter Financial Results

Read more