Monster Beverage Corp

Listed Company

MNSTCIK 0000865752NasdaqLarge AcceleratedBottled & Canned Soft Drinks & Carbonated WatersFY ends Dec 31

Period

FY 2025

Revenue

$8.29B

Net Income

—

Total Assets

$9.99B

Equity

$8.25B

Shares Out

978.27M

Op. Cash Flow

$2.10B

Business

Monster Beverage Corp is a holding company that conducts its operations through consolidated subsidiaries developing, marketing, selling and distributing beverages. The company offers a broad portfolio of energy drinks, coffee+energy drinks, waters, craft beers, flavored malt beverages and hard seltzers across numerous brand names such as Monster Energy, Bang, Reign, Java Monster, NOS, Burn and various craft beer and FMB brands. It reports four segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands and Other (AFF third‑party products). Products are sold globally through bottlers, distributors, retail chains, club stores, mass merchandisers, convenience and gas chains, foodservice, e‑commerce and the military.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
NET SALES	8,294	7,493	7,140	6,311	5,541
COST OF SALES	3,662	3,444	3,346	3,136	2,433
GROSS PROFIT	4,632	4,049	3,794	3,175	3,109
OPERATING EXPENSES	2,213	2,119	1,841	1,590	1,311
OPERATING INCOME	2,419	1,930	1,953	1,585	1,797
INTEREST AND OTHER INCOME, NET	63	59	115	−13	4
INCOME BEFORE PROVISION FOR INCOME TAXES	2,483	1,989	2,068	1,572	1,801
PROVISION FOR INCOME TAXES	577	480	437	380	424
NET INCOME	1,905	1,509	1,631	1,192	1,377
Basic (in dollar per share)	1.95	1.5	1.56	1.13	1.3
Diluted (in dollar per share)	1.94	1.49	1.54	1.12	1.29
Basic (in shares)	976	1,005	1,045	1,054	1,058
Diluted (in shares)	984	1,013	1,058	1,066	1,071

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2,088	1,533	2,298	1,307	1,326
Short-term investments	677	0	956	1,362	1,750
Accounts receivable, net	1,618	1,222	1,194	1,016	897
Inventories	800	737	971	936	593
Prepaid expenses and other current assets	104	107	116	110	83
Prepaid income taxes	75	42	54	34	33
Total current assets	5,361	3,642	5,589	4,765	4,682
INVESTMENTS	487	0	76	61	99
PROPERTY AND EQUIPMENT, net	1,082	1,047	891	517	314
DEFERRED INCOME TAXES, net	189	184	175	177	225
GOODWILL	1,332	1,332	1,418	1,418	1,332
OTHER INTANGIBLE ASSETS, net	1,379	1,414	1,427	1,220	1,072
OTHER ASSETS	159	100	110	134	80
Total Assets	9,989	7,719	9,687	8,293	7,805
Accounts payable	566	467	564	444	404
Accrued liabilities	306	221	184	173	211
Accrued promotional allowances	384	268	269	256	211
Deferred revenue	45	46	42	43	43
Accrued compensation	114	92	87	72	65
Income taxes payable	32	4	15	13	30
Total current liabilities	1,448	1,098	1,162	1,002	965
DEFERRED REVENUE	160	179	204	224	243
OTHER LIABILITIES	127	111	92	42	30
LONG-TERM DEBT	—	374	—	—	—
COMMITMENTS AND CONTINGENCIES (Note 10)	—	—	—	—	—
Common stock - $0.005 par value; 5,000,000 shares authorized; 1,132,906 shares issued and 978,113 shares outstanding as of December 31, 2025; 1,126,329 shares issued and 973,079 shares outstanding as of December 31, 2024	6	6	6	6	3
Additional paid-in capital	5,431	5,145	4,975	4,777	4,653
Retained earnings	9,354	7,449	5,940	9,001	7,810
Accumulated other comprehensive loss	−61	−269	−125	−159	−69
Common stock in treasury, at cost; 154,793 shares and 153,250 shares as of December 31, 2025 and December 31, 2024, respectively	−6,476	−6,372	−2,566	−6,600	−5,829
Total stockholders' equity	8,254	5,958	8,229	7,025	6,567
Total Liabilities and Stockholders' Equity	9,989	7,719	9,687	8,293	7,805

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	114	80	69	61	50
Non-cash lease expense	15	14	9	7	4
Loss on disposal of property and equipment	3	3	166,000	−185,000	−1
Gain on Bang Transaction	—	—	−45	—	—
Impairment of goodwill and other intangibles	38	127	39	2	—
Impairment of property and equipment	12	8	4	0	0
Stock-based compensation	126	91	69	64	70
Deferred income taxes	4	−12	2	48	16
Accounts receivable	−301	−94	−163	−129	−254
Inventories	−35	212	8	−348	−278
Prepaid expenses and other assets	−39	9	−10	−38	−29
Prepaid income taxes	−21	3	−19	−4	−11
Accounts payable	78	−61	113	50	114
Accrued liabilities	81	18	−10	−30	72
Accrued promotional allowances	98	10	8	51	31
Accrued compensation	18	6	13	4	8
Income taxes payable	28	9	2	−17	7
Other liabilities	−5	13	23	−5	492,000
Deferred revenue	−23	−17	−24	−20	−23
Net cash provided by operating activities	2,098	1,929	1,718	888	1,156
Sales of available-for-sale investments	106	1,378	2,030	2,252	1,489
Purchases of available-for-sale investments	−1,269	−342	−1,621	−1,847	−2,413
Acquisition of Bang Energy	—	—	−363	−329	—
Purchases of property and equipment	−132	−264	−221	−189	−44
Proceeds from sale of property and equipment	4	3	3	1	1
Additions to intangibles	−25	−42	−13	−23	−14
Decrease (increase) in other assets	−398,000	2	−7	−26	−11
Net cash (used in) provided by investing activities	−1,317	734	−193	−161	−992
Payments on short-term debt	−10	−8	−14	75,000	3
Borrowings on credit facilities	—	750	—	—	—
Payments on credit facilities	−375	−375	—	—	—
Payments for debt issuance costs	—	−3	—	—	—
Issuance of common stock	165	79	130	64	46
Purchases of common stock held in treasury	−104	−3,772	−659	−771	−14
Net cash used in financing activities	−324	−3,329	−543	−707	35
Effect of exchange rate changes on cash and cash equivalents	98	−98	9	−39	−52
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	555	−764	991	−19	146
Interest	5	25	363,000	431,000	134,000

Filings

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