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Molson Coors Beverage Company

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Molson Coors Beverage Company • NYSE
$46.51 ▼ -0.21% (-0.10)
Market Cap $9.38 B
52w High $64.66
52w Low $42.94
Dividend Yield 1.85%
P/E -4.44
Volume 1.51M
Outstanding Shares 201.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.974B ▼ $4.605B ▲ $-2.928B ▼ -98.456% ▼ $-14.79 ▼ $-3.249B ▼
Q2-2025 $3.201B ▲ $698.3M ▲ $428.7M ▲ 13.394% ▲ $2.14 ▲ $758.9M ▲
Q1-2025 $2.304B ▼ $664.6M ▲ $121M ▼ 5.252% ▼ $0.6 ▼ $378M ▼
Q4-2024 $2.736B ▼ $649.4M ▼ $287.8M ▲ 10.521% ▲ $1.4 ▲ $604.9M ▼
Q3-2024 $3.043B $751.3M $199.8M 6.567% $0.95 $693.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $950.2M ▲ $22.873B ▼ $12.205B ▼ $10.325B ▼
Q2-2025 $613.8M ▲ $26.827B ▲ $13.03B ▲ $13.441B ▲
Q1-2025 $412.7M ▼ $25.93B ▼ $12.479B ▼ $13.09B ▼
Q4-2024 $969.3M ▼ $26.064B ▼ $12.612B ▼ $13.092B ▼
Q3-2024 $1.022B $26.635B $13.068B $13.345B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.937B ▼ $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 ▲
Q3-2024 $227.1M $521.2M $-148.9M $-1.03B $-625.6M $350.4M

Five-Year Company Overview

Income Statement

Income Statement Molson Coors’ income statement shows a business that has stabilized and gradually strengthened after a tough start to the decade. Sales have grown only modestly, but profits have improved much more meaningfully, helped by better pricing, a richer mix of products, and tighter cost control. The company moved from losses earlier in the period to solid, repeatable profitability in the last few years. Operating profit and net income have both climbed, suggesting the turnaround and “revitalization” efforts are flowing through to the bottom line. That said, the history includes some volatile years, so while the current earnings profile looks healthier, it is not risk‑free and still depends on disciplined execution and stable consumer demand.

Balance Sheet

Balance Sheet The balance sheet looks generally sound and slowly improving. Total assets have been relatively steady, reflecting a mature, established business rather than one in rapid expansion. Debt has been edging down over the last several years while shareholders’ equity has inched up, which together point to a gradual strengthening of the capital structure. Cash on hand is modest but consistent, and the combination of reduced debt and stable assets suggests lower financial strain than earlier in the decade. There is still a meaningful level of borrowing, so interest costs and refinancing conditions remain factors to watch, but overall leverage appears to be moving in the right direction.

Cash Flow

Cash Flow Cash generation is a clear strength. Molson Coors has produced solid, positive operating cash flow every year in the period shown, including during more challenging profit years. Free cash flow has also been consistently positive, even after funding regular investment in the business. Spending on capital projects has been steady, indicating ongoing reinvestment in breweries, packaging, and technology, but not at a level that strains the company’s cash resources. This pattern of reliable free cash flow gives the company flexibility to pay down debt, support its brands, and fund innovation, as long as underlying demand and margins hold up.

Competitive Edge

Competitive Edge Molson Coors holds a strong position in a mature but highly competitive industry. Its strength comes from three main areas: well‑known brands, deep distribution reach, and large‑scale production. Flagship beers like Coors Light, Miller Lite, and Molson provide broad consumer recognition and dependable volume. The company’s distribution network in North America and Europe is a major barrier for smaller rivals, making it hard for new entrants to match its shelf presence and on‑premise access. Scale helps on costs and marketing, allowing Molson Coors to compete effectively on price and brand visibility. On the other hand, it operates in a slow‑growing beer market with shifting tastes, especially among younger drinkers who are exploring spirits, ready‑to‑drink cocktails, and non‑alcoholic options. Large global competitors, strong regional brewers, and craft brands all fight for share. The company’s competitive position is solid, but it is defending that position in a structurally challenging category.

Innovation and R&D

Innovation and R&D Innovation for Molson Coors is less about lab research and more about brands, categories, and technology‑enabled execution. On the product side, the “Beyond Beer” strategy is central. The company is pushing into hard seltzers, flavored malt beverages, ready‑to‑drink cocktails, non‑alcoholic and low‑alcohol offerings, and even spirits and energy drinks. Partnerships (such as with Coca‑Cola and celebrity‑backed brands) and above‑premium launches aim to capture higher‑margin, faster‑growing niches. This “fewer, bigger, bolder” approach tries to focus resources on a smaller set of scalable bets rather than many small experiments. Operationally, Molson Coors is investing in digital tools, data analytics, and supply chain technology. Examples include real‑time data platforms for demand and inventory, a digital portal for barley growers, and upgraded brewing and canning lines. These efforts are intended to improve efficiency, reduce waste, support sustainability goals, and speed up response to consumer trends. The opportunity is meaningful—especially in premium and non‑beer categories—but success is not guaranteed. Beverage trends can be fickle, and some innovations may fail to gain traction, so execution and disciplined portfolio management are key risks to monitor.

Summary

Overall, Molson Coors today looks like a mature beverage company that has repaired its profitability, is steadily improving its balance sheet, and continues to throw off solid cash. The core beer business and large‑scale distribution network provide stability and cash flow, but growth in traditional beer is limited and competition is intense. The strategic answer has been to push into higher‑margin premium brands and diversify beyond beer into seltzers, ready‑to‑drink products, non‑alcoholic beverages, spirits, and energy drinks, supported by a broad digital and operational upgrade. The main opportunities lie in successfully scaling these newer categories, further premiumizing the portfolio, and unlocking more efficiencies from technology and supply chain improvements. The main risks are ongoing shifts in consumer preferences, strong rivals across all beverage types, and the possibility that some innovation bets do not deliver the expected scale or margins. In short, Molson Coors appears to be using a stronger financial base to reposition itself for the next phase of the beverage market, balancing the cash generation of its legacy brands with the uncertainty and potential upside of its diversification strategy.

NEWS

November 20, 2025 · 6:13 PM UTC

Molson Coors Beverage Company Announces Regular Quarterly Dividend

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November 4, 2025 · 6:30 AM UTC

Molson Coors Beverage Company Reports 2025 Third Quarter Results

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October 20, 2025 · 8:58 AM UTC

Molson Coors Beverage Company Announces Corporate Restructuring of Americas Business Unit

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October 1, 2025 · 6:55 AM UTC

Molson Coors Beverage Company to Webcast 2025 Third Quarter Earnings Conference Call

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