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Molson Coors Beverage CompanyIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $2.66B ▼ | $559.8M ▼ | $238.3M ▲ | 8.95% ▲ | $1.22 ▲ | $501.4M ▲ |
| Q3-2025 | $2.97B ▼ | $4.6B ▲ | $-2.93B ▼ | -98.46% ▼ | $-14.79 ▼ | $-3.25B ▼ |
| Q2-2025 | $3.2B ▲ | $698.3M ▲ | $428.7M ▲ | 13.39% ▲ | $2.14 ▲ | $758.9M ▲ |
| Q1-2025 | $2.3B ▼ | $664.6M ▲ | $121M ▼ | 5.25% ▼ | $0.6 ▼ | $378M ▼ |
| Q4-2024 | $2.74B | $649.4M | $287.8M | 10.52% | $1.4 | $604.9M |
What's going well?
The company returned to profitability after a huge loss last quarter, showing strong cost control and improved efficiency. Operating expenses were cut significantly, and the bottom line is back in the black.
What's concerning?
Revenue dropped 10% and gross margins shrank, suggesting sales and pricing pressure. The prior quarter's massive loss also raises questions about business stability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $896.5M ▼ | $22.74B ▼ | $12.2B ▼ | $10.23B ▼ |
| Q3-2025 | $950.2M ▲ | $22.87B ▼ | $12.2B ▼ | $10.33B ▼ |
| Q2-2025 | $613.8M ▲ | $26.83B ▲ | $13.03B ▲ | $13.44B ▲ |
| Q1-2025 | $412.7M ▼ | $25.93B ▼ | $12.48B ▼ | $13.09B ▼ |
| Q4-2024 | $969.3M | $26.06B | $12.61B | $13.09B |
What's financially strong about this company?
The company has a healthy equity cushion, a long history of profits, and is actively buying back shares. Debt levels are moderate compared to the size of the business.
What are the financial risks or weaknesses?
Liquidity is tight, with current assets covering only half of near-term bills. The balance sheet is heavily loaded with intangible assets, which could be written down if business conditions worsen.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $238.3M ▲ | $540.7M ▼ | $-187M ▼ | $-410.2M ▼ | $-53.7M ▼ | $357.8M ▼ |
| Q3-2025 | $-2.94B ▼ | $616.1M ▼ | $-135.4M ▲ | $-140.4M ▲ | $336.4M ▲ | $483M ▼ |
| Q2-2025 | $424.3M ▲ | $718.3M ▲ | $-158.4M ▲ | $-375M ▼ | $201.1M ▲ | $555M ▲ |
| Q1-2025 | $123.1M ▼ | $-90.7M ▼ | $-341.3M ▼ | $-131.2M ▲ | $-556.6M ▼ | $-328M ▼ |
| Q4-2024 | $293.7M | $494.5M | $-117.7M | $-393.6M | $-52.4M | $383.4M |
What's strong about this company's cash flow?
The company consistently produces strong operating cash flow and has returned to profitability. It is self-funding, pays dividends, and is aggressively buying back shares, showing confidence in its future.
What are the cash flow concerns?
Free cash flow dropped 26% this quarter, and the cash balance shrank. The surge in buybacks outpaced free cash flow, which could pressure future cash if not matched by higher earnings.
Revenue by Geography
| Region | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Americas Segment | $1.88Bn ▲ | $2.50Bn ▲ | $2.26Bn ▼ | $2.07Bn ▼ |
Europe | $430.00M ▲ | $700.00M ▲ | $720.00M ▲ | $600.00M ▼ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Molson Coors Beverage Company's financial evolution and strategic trajectory over the past five years.
Key strengths include a strong portfolio of established brands, large‑scale brewing and distribution capabilities, and solid, recurring cash generation. The company has made progress in reducing long‑term debt, is actively reshaping its asset base, and is pursuing a credible strategy to diversify beyond traditional beer. Its growing use of data, digital channels, and sustainability initiatives also positions it reasonably well with modern consumers and retailers.
The main concerns are highly volatile earnings, a very weak most recent year driven by large losses and write‑downs, and a shrinking equity base. Liquidity is tighter than ideal given elevated short‑term obligations, and both operating cash flow and free cash flow are trending downward from their peaks. Strategically, Molson Coors must navigate changing consumer tastes, fierce competition across beer and non‑beer beverages, and the challenge of successfully executing a broad innovation agenda without overextending its brands or balance sheet.
Looking ahead, Molson Coors appears to be in a strategic transition: moving from a legacy brewer to a diversified, data‑driven beverage company. Its brand strength, distribution scale, and positive (though moderating) cash flows give it tools to manage this shift, but the recent financial setback and balance sheet pressures reduce its margin for error. The medium‑term outlook will hinge on whether management can stabilize profitability, convert innovation efforts into sustainable growth, and maintain financial discipline while continuing to adapt to a fast‑changing beverage landscape.
About Molson Coors Beverage Company
https://www.molsoncoors.comMolson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $2.66B ▼ | $559.8M ▼ | $238.3M ▲ | 8.95% ▲ | $1.22 ▲ | $501.4M ▲ |
| Q3-2025 | $2.97B ▼ | $4.6B ▲ | $-2.93B ▼ | -98.46% ▼ | $-14.79 ▼ | $-3.25B ▼ |
| Q2-2025 | $3.2B ▲ | $698.3M ▲ | $428.7M ▲ | 13.39% ▲ | $2.14 ▲ | $758.9M ▲ |
| Q1-2025 | $2.3B ▼ | $664.6M ▲ | $121M ▼ | 5.25% ▼ | $0.6 ▼ | $378M ▼ |
| Q4-2024 | $2.74B | $649.4M | $287.8M | 10.52% | $1.4 | $604.9M |
What's going well?
The company returned to profitability after a huge loss last quarter, showing strong cost control and improved efficiency. Operating expenses were cut significantly, and the bottom line is back in the black.
What's concerning?
Revenue dropped 10% and gross margins shrank, suggesting sales and pricing pressure. The prior quarter's massive loss also raises questions about business stability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $896.5M ▼ | $22.74B ▼ | $12.2B ▼ | $10.23B ▼ |
| Q3-2025 | $950.2M ▲ | $22.87B ▼ | $12.2B ▼ | $10.33B ▼ |
| Q2-2025 | $613.8M ▲ | $26.83B ▲ | $13.03B ▲ | $13.44B ▲ |
| Q1-2025 | $412.7M ▼ | $25.93B ▼ | $12.48B ▼ | $13.09B ▼ |
| Q4-2024 | $969.3M | $26.06B | $12.61B | $13.09B |
What's financially strong about this company?
The company has a healthy equity cushion, a long history of profits, and is actively buying back shares. Debt levels are moderate compared to the size of the business.
What are the financial risks or weaknesses?
Liquidity is tight, with current assets covering only half of near-term bills. The balance sheet is heavily loaded with intangible assets, which could be written down if business conditions worsen.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $238.3M ▲ | $540.7M ▼ | $-187M ▼ | $-410.2M ▼ | $-53.7M ▼ | $357.8M ▼ |
| Q3-2025 | $-2.94B ▼ | $616.1M ▼ | $-135.4M ▲ | $-140.4M ▲ | $336.4M ▲ | $483M ▼ |
| Q2-2025 | $424.3M ▲ | $718.3M ▲ | $-158.4M ▲ | $-375M ▼ | $201.1M ▲ | $555M ▲ |
| Q1-2025 | $123.1M ▼ | $-90.7M ▼ | $-341.3M ▼ | $-131.2M ▲ | $-556.6M ▼ | $-328M ▼ |
| Q4-2024 | $293.7M | $494.5M | $-117.7M | $-393.6M | $-52.4M | $383.4M |
What's strong about this company's cash flow?
The company consistently produces strong operating cash flow and has returned to profitability. It is self-funding, pays dividends, and is aggressively buying back shares, showing confidence in its future.
What are the cash flow concerns?
Free cash flow dropped 26% this quarter, and the cash balance shrank. The surge in buybacks outpaced free cash flow, which could pressure future cash if not matched by higher earnings.
Revenue by Geography
| Region | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Americas Segment | $1.88Bn ▲ | $2.50Bn ▲ | $2.26Bn ▼ | $2.07Bn ▼ |
Europe | $430.00M ▲ | $700.00M ▲ | $720.00M ▲ | $600.00M ▼ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Molson Coors Beverage Company's financial evolution and strategic trajectory over the past five years.
Key strengths include a strong portfolio of established brands, large‑scale brewing and distribution capabilities, and solid, recurring cash generation. The company has made progress in reducing long‑term debt, is actively reshaping its asset base, and is pursuing a credible strategy to diversify beyond traditional beer. Its growing use of data, digital channels, and sustainability initiatives also positions it reasonably well with modern consumers and retailers.
The main concerns are highly volatile earnings, a very weak most recent year driven by large losses and write‑downs, and a shrinking equity base. Liquidity is tighter than ideal given elevated short‑term obligations, and both operating cash flow and free cash flow are trending downward from their peaks. Strategically, Molson Coors must navigate changing consumer tastes, fierce competition across beer and non‑beer beverages, and the challenge of successfully executing a broad innovation agenda without overextending its brands or balance sheet.
Looking ahead, Molson Coors appears to be in a strategic transition: moving from a legacy brewer to a diversified, data‑driven beverage company. Its brand strength, distribution scale, and positive (though moderating) cash flows give it tools to manage this shift, but the recent financial setback and balance sheet pressures reduce its margin for error. The medium‑term outlook will hinge on whether management can stabilize profitability, convert innovation efforts into sustainable growth, and maintain financial discipline while continuing to adapt to a fast‑changing beverage landscape.

CEO
Rahul Goyal
Compensation Summary
(Year 2023)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2007-10-04 | Forward | 2:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 370
Ratings Snapshot
Rating : B-
Most Recent Analyst Grades
B of A Securities
Underperform
TD Cowen
Hold
Needham
Buy
Evercore ISI Group
Outperform
Wells Fargo
Equal Weight
Piper Sandler
Neutral
Grade Summary
Showing Top 6 of 15
Price Target
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Summary
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