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Molson Coors Beverage Company

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Molson Coors Beverage Company • NYSE
$45.51 ▲ 0.00% (+0.00)
Market Cap $9.18 B
52w High $65.82
52w Low $41.10
Dividend Yield 1.85%
P/E -4.34
Volume 16
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

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Americas Segment
Americas Segment
 $2.35Bn ▲$2.17Bn ▼$1.88Bn ▼$2.50Bn ▲
Europe Middle East Africa and Asia Pacific Segment
Europe Middle East Africa and Asia Pacific Segment
 $700.00M ▲$570.00M ▼$430.00M ▼$700.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Molson Coors shows a clear turnaround story in its earnings. Sales have inched up over the last five years, but the real change is on profitability: margins have improved, and the company shifted from losses earlier in the period to solid profits more recently. Operating earnings used to be choppy, but they now look much healthier and more consistent. This suggests better cost control, a more profitable mix of products, and possibly fewer one‑off hits to earnings. Overall, the income statement paints a picture of a mature business that has moved from repair mode into a more stable, profitable phase, though growth in sales themselves remains modest rather than explosive.

Balance Sheet

Balance Sheet The balance sheet looks relatively sturdy and gradually improving. Total assets have been fairly steady, which is normal for a large, established beverage company. Debt has been slowly worked down over time, easing financial risk and interest burdens. Shareholders’ equity has inched higher, signaling that value is being built rather than eroded. Cash on hand is modest rather than large, but not worryingly low given the company’s stable cash generation. Overall, Molson Coors appears to be operating with a manageable level of leverage and a solid capital base, though it is not debt‑free and still relies meaningfully on borrowed money.

Cash Flow

Cash Flow Cash flow is a clear strength. The company consistently generates more cash from its operations than it spends on capital investments, leaving healthy free cash flow each year. Investment in its facilities and capabilities has been steady, not starved, suggesting it is maintaining and modernizing its asset base while still having room to return cash to stakeholders or reduce debt. The pattern is one of a cash‑generative, mature business: not hyper‑growth, but dependable and relatively predictable. The main risk would be if future shifts in consumer demand or input costs began to erode this steady cash engine.

Competitive Edge

Competitive Edge Molson Coors benefits from being one of a small group of global beer giants. It enjoys strong brand recognition through names like Coors Light, Miller Lite, and Blue Moon, and it has deep relationships with retailers and distributors across North America and parts of Europe. This scale and distribution footprint create high barriers for smaller competitors to match its reach. At the same time, it faces intense competition from other major brewers, craft brands, and newer categories like hard seltzers and spirits‑based drinks. The beer market in many core regions is mature or slow‑growing, so the battle is largely about share and mix rather than rapid expansion. Its position is strong but not unchallenged, and continued adaptation is essential.

Innovation and R&D

Innovation and R&D The company is clearly leaning into a “beyond beer” strategy, and that is where most of its innovation energy is going. It is expanding into hard seltzers, flavored alcoholic drinks, non‑alcoholic options, and even spirits, often through partnerships with powerful consumer brands like Coca‑Cola. At the same time, it is modernizing its breweries, packaging, and digital tools to improve efficiency and better understand consumer behavior. This combination of product innovation and operational technology is meant to move the portfolio toward higher‑margin, more premium offerings and to capture growth in newer, faster‑growing segments. The upside is a broader, more future‑proof business; the risk is execution in crowded categories where trends can shift quickly.

Summary

Molson Coors today looks like a large, steady beverage company that has repaired its profitability and is now trying to reinvent its growth story. The financials show modest sales growth but a clear improvement in margins, earnings, and balance sheet strength. Cash flow is reliable and comfortably covers investment needs. Strategically, the company has meaningful competitive advantages in brands, scale, and distribution, yet it operates in a mature, highly competitive landscape where traditional beer is no longer the only growth engine. Its push into hard seltzers, non‑alcoholic drinks, spirits, and premium offerings—supported by operational modernization—could extend its relevance and improve its mix, but it also introduces new execution risks. Overall, the story is one of a stabilized, cash‑generating business working to reposition itself for a changing consumer and category environment.