Monster Beverage Corp (MNST) Financial Statements
Industry: Bottled & Canned Soft Drinks & Carbonated Waters
In fiscal 2025, Monster Beverage reported revenue of $8.29B, up 10.7% from $7.49B the year before. Net income was $1.91B (a 23.0% net margin), or $0.97 per diluted share. Gross margin was 55.8% and operating margin was 29.2%. Operating activities generated $2.10B of cash, leaving $1.97B of free cash flow. At fiscal year end, Monster Beverage held $9.99B in total assets against $1.73B in total liabilities, including $2.09B of cash and equivalents.
Open the full interactive Monster Beverage financials → Quarterly statements, key ratios, valuation history and price charts.
Monster Beverage Key Stats
| Share Price | $43.31 |
|---|---|
| Market Cap | $85.62B |
| P/E Ratio | 44.8 |
| Revenue YoY Growth | +10.7% |
| 52-Week Range | $33.15 – $49.97 |
| Shares Outstanding | 1.96 billion (basic, 2026 Q2) |
Monster Beverage Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.60B | $5.54B | $6.31B | $7.14B | $7.49B | $8.29B |
| Cost of Goods Sold | $1.87B | $2.43B | $3.14B | $3.35B | $3.44B | $3.66B |
| Gross Profit | $2.72B | $3.11B | $3.17B | $3.79B | $4.05B | $4.63B |
| Operating Income | $1.63B | $1.80B | $1.58B | $1.95B | $1.93B | $2.42B |
| Pre-Tax Income | $1.63B | $1.80B | $1.57B | $2.07B | $1.99B | $2.48B |
| Income Tax | $216.6M | $423.9M | $380.3M | $437.5M | $480.4M | $577.1M |
| Net Income | $1.41B | $1.38B | $1.19B | $1.63B | $1.51B | $1.91B |
| Diluted EPS | $0.66 | $0.64 | $0.56 | $0.77 | $0.74 | $0.97 |
Monster Beverage Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.20B | $2.13B | $2.35B | $2.54B |
| Net Income | $524.5M | $449.2M | $569.5M | $584.5M |
| Diluted EPS | $0.27 | $0.46 | $0.29 | $0.30 |
Monster Beverage Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.18B | $1.33B | $1.31B | $2.30B | $1.53B | $2.09B |
| Current Assets | $3.14B | $4.68B | $4.76B | $5.59B | $3.64B | $5.36B |
| Total Assets | $6.20B | $7.80B | $8.29B | $9.69B | $7.72B | $9.99B |
| Current Liabilities | $750.0M | $965.1M | $1.00B | $1.16B | $1.10B | $1.45B |
| Total Long-Term Debt | — | — | — | — | $374.0M | — |
| Total Liabilities | $1.04B | $1.24B | $1.27B | $1.46B | $1.76B | $1.73B |
| Shareholders' Equity | $5.16B | $6.57B | $7.03B | $8.23B | $5.96B | $8.25B |
Monster Beverage Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.36B | $1.16B | $887.7M | $1.72B | $1.93B | $2.10B |
| Cash From Investing | -$472.5M | -$992.0M | -$161.4M | -$193.4M | $733.7M | -$1.32B |
| Cash From Financing | -$526.1M | $34.8M | -$706.9M | -$542.6M | -$3.33B | -$324.4M |
| Free Cash Flow | $1.32B | $1.11B | $699.0M | $1.50B | $1.66B | $1.97B |
Figures from Monster Beverage's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Monster Beverage financials page for every line item.
Monster Beverage Company Profile
| Ticker | MNST |
|---|---|
| Exchange | Nasdaq |
| Industry | Bottled & Canned Soft Drinks & Carbonated Waters |
| Headquarters | Corona, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000865752 |
Frequently Asked Questions
What was Monster Beverage's revenue in fiscal 2025?
Monster Beverage (MNST) reported revenue of $8.29B for fiscal 2025.
What is Monster Beverage's annual revenue history?
Monster Beverage's annual revenue by fiscal year: 2020: $4.60B; 2021: $5.54B; 2022: $6.31B; 2023: $7.14B; 2024: $7.49B; 2025: $8.29B.
What was Monster Beverage's net income in fiscal 2025?
Monster Beverage reported net income of $1.91B for fiscal 2025.
What was Monster Beverage's earnings per share (EPS) in fiscal 2025?
Monster Beverage's diluted EPS was $0.97 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Monster Beverage generate in fiscal 2025?
Monster Beverage generated $1.97B of free cash flow in fiscal 2025.
What was Monster Beverage's revenue last quarter?
In its most recent reported quarter (2026 Q2), Monster Beverage reported revenue of $2.54B.
How many shares of Monster Beverage are outstanding?
Monster Beverage reported a weighted average of 1.96 billion basic shares outstanding in 2026 Q2.
What is Monster Beverage's market cap?
Based on its latest closing price, Monster Beverage (MNST) has a market capitalization of about $85.62B.
When does Monster Beverage's fiscal year end?
Monster Beverage's fiscal year end, as registered with the SEC, is December 31.
Where is Monster Beverage headquartered?
Monster Beverage lists its business address in Corona, California in its SEC filings.
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