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Monster Beverage Corp

DB:MOB

United States / Consumer Staples / Beverages

Overview

5Y Historical Financials

Stock Price

59.36 EUR


Key Metrics	Latest
Total Revenue	7.659 B
Adjusted EBITDA	2.283 B
EBITDA Margin	29.8%
Net Profit Margin	21.8%
Total Assets	8.73 B
Total Debt	65.483 M

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Jun-24	Jun-25

Revenue	4,598.64	5,541.35	6,311.05	7,140.03	7,492.71	7,659.16	3,799.70	3,966.15
% Growth		0.20	0.14	0.13	0.05			0.04

Adjusted EBITDA	1,690.38	1,852.92	1,648.16	2,060.95	2,137.83	2,282.53	1,109.07	1,253.77
% Margin	0.37	0.33	0.26	0.29	0.29	0.30	0.29	0.32

Adjusted EBIT	1,633.35	1,802.77	1,586.92	1,992.06	2,057.39	2,189.61	1,069.15	1,201.37
% Margin	0.36	0.33	0.25	0.28	0.27	0.29	0.28	0.30

Adjusted Net Income	1,409.74	1,381.40	1,193.25	1,626.04	1,603.10	1,667.47	867.42	931.79
% Margin	0.31	0.25	0.19	0.23	0.21	0.22	0.23	0.23

Adjusted Basic EPS	1.33	1.31	1.13	1.56	1.60	1.77	0.84	0.96

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
USD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Jun-25	Jun-24	Jun-25
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	4,599	5,541	6,311	7,140	7,493	7,659	3,800	3,966
% Growth	NA	20.5%	13.9%	13.1%	4.9%			4.4%

Cost of Revenue	(1,875)	(2,433)	(3,136)	(3,346)	(3,444)	(3,433)	(1,753)	(1,742)
Gross Profit	2,724	3,109	3,175	3,794	4,049	4,227	2,047	2,224
% Revenue	59.2%	56.1%	50.3%	53.1%	54.0%	55.2%	53.9%	56.1%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	(480)	(632)	(710)	(753)	(808)	(808)	0	0
General and Admin	(611)	(674)	(878)	(1,050)	(1,183)	(1,229)	(977)	(1,023)
Other Inc / (Exp)	(7)	(1)	(15)	(53)	(183)	(174)	(14)	(6)
Total Operating Exp	(1,098)	(1,307)	(1,603)	(1,855)	(2,174)	(2,211)	(992)	(1,029)

Operating Income	1,626	1,801	1,572	1,939	1,875	2,015	1,055	1,196
% Revenue	35.4%	32.5%	24.9%	27.2%	25.0%	26.3%	27.8%	30.1%

Interest Expense	(0)	(0)	(0)	130	115	70	74	29
Pre-tax Income	1,626	1,801	1,572	2,068	1,989	2,085	1,129	1,225
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(217)	(424)	(380)	(437)	(480)	(511)	(262)	(293)
Net Income to Company	1,410	1,377	1,192	1,631	1,509	1,573	867	932
% Margin	30.7%	24.9%	18.9%	22.8%	20.1%	20.5%	22.8%	23.5%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	1,410	1,377	1,192	1,631	1,509	1,573	867	932

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	1,410	1,377	1,192	1,631	1,509	1,573	867	932
% Margin	30.7%	24.9%	18.9%	22.8%	20.1%	20.5%	22.8%	23.5%

As Reported
Basic EPS (Continuing Ops)	1.33	1.30	1.13	1.56	1.50	1.62	0.84	0.96
Diluted EPS (Continuing Ops)	1.32	1.29	1.12	1.54	1.49	1.61	0.83	0.95

WA Basic Shares Out.	1,059.28	1,057.53	1,053.56	1,044.89	1,004.57	944.08	1,035.18	974.69
WA Diluted Shares Out.	1,069.61	1,071.28	1,066.44	1,057.98	1,013.11	951.49	1,044.36	982.75

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	1,626	1,801	1,572	2,068	1,989	2,085	1,129	1,225
Addback: Net Interest Expense	0	0	0	(130)	(115)	(70)	(74)	(29)
Addback: Other Non Operating Expenses, Total	7	(4)	13	60	56	47	14	6
Addback: Depreciation & Amortization	57	50	61	69	80	93	40	52
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	86	86	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0
Addback: Asset Writedown	0	0	2	39	41	41	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	5	0	(45)	0	0	0	0
Adjusted EBITDA	1,690	1,853	1,648	2,061	2,138	2,283	1,109	1,254
% Margin	36.8%	33.4%	26.1%	28.9%	28.5%	29.8%	29.2%	31.6%

Adjusted EBIT	1,633	1,803	1,587	1,992	2,057	2,190	1,069	1,201
% Margin	35.5%	32.5%	25.1%	27.9%	27.5%	28.6%	28.1%	30.3%

Adjusted Net Income Reconciliation
Net Income to Company	1,410	1,377	1,192	1,631	1,509	1,573	867	932
Addback: Unusual Items	0	5	2	(7)	127	127	0	0
Less: Tax Benefit of Unusual Items (26%)	(0)	(1)	(1)	2	(33)	(33)	0	0
Adjusted Net Income	1,410	1,381	1,193	1,626	1,603	1,667	867	932
% Margin	30.7%	24.9%	18.9%	22.8%	21.4%	21.8%	22.8%	23.5%

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Monster Beverage Corp

DB:MOB

United States / Consumer Staples / Beverages

5Y Historical Financials