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Stocks / United States / MNST · Bottled & Canned Soft Drinks & Carbonated Waters · Nasdaq

Monster Beverage Corp. (MNST)

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Monster Beverage Corp. (MNST) reported revenue of $2.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 20.2% on the same quarter a year earlier. Net income was $585 million, up 19.6% on the year. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$2.5 billionup 20.2%
Net income$585 millionup 19.6%
Diluted EPSn/a
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE22.7%
ROCE28.7%
Operating margin29.2%
Net margin23.1%
FCF margin22.8%
Interest covern/a
Debt to equity0.03
Cash conversion1.05
Share count, 1 year0.3%
Sales CAGR, 3 years9.5%
Profit CAGR, 3 years16.9%
EPS, TTMn/a

At the close of 21 September 2026

Price$44.00
Market cap$43.1 billion
Stock P/E20.40
Price to book4.60
EV / EBITDA14.56
Dividend yieldn/a
Market cap / sales4.67
52-week high$49.97
52-week low$31.99
Price, 1 year37.2%
Price CAGR, 3 years17.3%
Price CAGR, 5 years13.7%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Monster Beverage Corp. files it, at the balance sheet of 31 March 2025, the latest that carries it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MNST

Filings16 in twelve months: 9 current reports (8-K), about 5 regulation fd disclosure; 4 results of operations; 2 officer or director change; 2 other events; 1 shareholder vote
Planned insider sales9 Form 144 notices in twelve months, $36.3 million; latest 10 June 2026
Options tapeput/call 0.49 by open interest on 23 September 2026; the straddle prices a 5.3% move to 16 October 2026
Holders12 of the followed funds hold it; largest Geode Capital Management; 2 Schedule 13D or 13G filings in twelve months
Insider trading11 sales and 0 purchases on Form 4 in twelve months
Congress5 House trades disclosed in six months
Short interest43.9 million shares short, 4.48 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,8561,7301,8991,9011,8811,8121,8552,1122,1972,1312,3532,537
Cost of revenue8727928728818818108079359739481,0601,118
Gross profit9849381,0271,0201,0001,0021,0481,1761,2241,1831,2931,420
Gross margin53%54%54%54%53%55%57%56%56%56%55%56%
Operating income511434542527480381570632675543730740
Operating margin28%25%29%28%26%21%31%30%31%25%31%29%
Pre-tax income582450578552474386578647690568750768
Tax rate22%18%23%23%22%30%23%24%24%21%24%24%
Net income453367442425371271443489524449569585
Net margin24%21%23%22%20%15%24%23%24%21%24%23%
Operating cash flow520434412436618462508466745379605509
Capital expenditure27.811166.059.847.091.329.131.443.628.220.648.4
Free cash flow492323346377571370479435702351584461
Buybacks3971711203,1145361.716.60.027.359.71340.0
Shares outstanding1,040m1,042m1,042m983m972m973m975m976m977m978m978m979m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 10 fiscal years and the trailing twelve months

FY2016FY2017FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Revenue3,0493,3693,8074,2014,5995,5416,3117,1407,4938,2949,219
Cost of revenue1,1071,2311,5121,6821,8752,4333,1363,3463,4443,6624,098
Gross profit1,9422,1382,2952,5192,7243,1093,1753,7944,0494,6325,121
Gross margin63.7%63.5%60.3%60.0%59.2%56.1%50.3%53.1%54.0%55.8%55.5%
Operating income1,0851,1991,2841,4031,6331,7971,5851,9531,9302,4192,688
Operating margin35.6%35.6%33.7%33.4%35.5%32.4%25.1%27.4%25.8%29.2%29.2%
Pre-tax income1,0801,2021,2931,4161,6261,8011,5722,0681,9892,4832,776
Income tax367381300308217424380437480577649
Effective tax rate34.0%31.7%23.2%21.8%13.3%23.5%24.2%21.2%24.1%23.2%23.4%
Net income7138219931,1081,4101,3771,1921,6311,5091,9052,128
Net margin23.4%24.4%26.1%26.4%30.7%24.9%18.9%22.8%20.1%23.0%23.1%
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2016FY2017FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow7019881,1621,1141,3641,1568881,7181,9292,0982,239
Capital expenditure99.883.461.910248.743.9189221264132141
Free cash flow6029041,1001,0121,3151,1126991,4961,6641,9662,098
Free cash flow margin19.7%26.8%28.9%24.1%28.6%20.1%11.1%21.0%22.2%23.7%22.8%
Depreciation and amortisation40.848.957.060.757.050.261.268.980.4114120
Share-based compensation45.852.357.163.470.370.564.168.891.0126136
Buybacks2,2523611,34270759613.87716593,772104221
Diluted shares, weighted600m577m564m547m535m536m533m1,058m1,013m984m988m
Shares outstanding at period end567m566m544m537m528m529m522m1,042m973m978m979m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016FY2017FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Total assets4,1534,7914,5275,1506,2037,8058,2939,6877,7199,98911,382
Cash and equivalents3785296387981,1801,3261,3072,2981,5332,0882,192
Receivables4484494855406668971,0161,1941,2221,6181,902
Inventory162256278361333593936971737800868
Goodwill1,3321,3321,3321,3321,3321,3321,4181,4181,3321,3321,332
Long-term debtn/an/an/an/an/an/an/a0.0374n/an/a
Borrowings, as the company tags themn/an/an/an/an/an/an/a0.0375n/an/a
Operating lease liabilitiesn/an/an/a25.7n/an/a29.648.543.9n/an/a
Finance lease liabilitiesn/an/an/an/an/an/a0.00.00.0n/an/a
Shareholders' equity3,3303,8953,6114,1715,1616,5677,0258,2295,9588,2549,364
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a12.5%9.5%20.4%
Profit growth, compoundedn/a6.2%16.9%35.2%
Return on equity, average23.0%21.2%22.7%23.1%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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