Monster Beverage financials
$41.74−0.29%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.29B | $7.49B | $7.14B | $6.31B | $5.54B | $4.60B | $4.20B | $3.81B | $3.37B | $3.05B |
| Gross profit | $4.63B | $4.05B | $3.79B | $3.17B | $3.11B | $2.72B | $2.52B | $2.30B | $2.14B | $1.94B |
| Gross margin | 55.8% | 54.0% | 53.1% | 50.3% | 56.1% | 59.2% | 60.0% | 60.3% | 63.5% | 63.7% |
| Operating income | $2.42B | $1.93B | $1.95B | $1.58B | $1.80B | $1.63B | $1.40B | $1.28B | $1.20B | $1.09B |
| Net income | $1.91B | $1.51B | $1.63B | $1.19B | $1.38B | $1.41B | $1.11B | $993.0M | $820.7M | $712.7M |
| Net margin | 23.0% | 20.1% | 22.8% | 18.9% | 24.9% | 30.7% | 26.4% | 26.1% | 24.4% | 23.4% |
| Diluted EPS | $0.65 | $0.50 | $0.51 | $0.37 | $0.43 | $0.44 | $0.34 | $0.29 | $0.24 | $0.20 |
| EBITDA | $2.53B | $2.01B | $2.02B | $1.65B | $1.85B | $1.69B | $1.46B | $1.34B | $1.25B | $1.13B |
| Operating cash flow | $2.10B | $1.93B | $1.72B | $907.6M | $1.16B | $1.36B | $1.11B | $1.16B | $987.7M | $701.4M |
| Free cash flow | $1.97B | $1.66B | $1.50B | $718.9M | $1.11B | $1.32B | $1.01B | $1.10B | $904.3M | $601.5M |
| Diluted shares | 2,953.4M | 3,039.3M | 3,173.9M | 3,199.3M | 3,213.8M | 3,208.8M | 3,279.6M | 3,385.5M | 3,462.8M | 3,598.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.09B | $1.53B | $2.30B | $1.31B | $1.33B | $1.18B |
| Short-term investments | $677.1M | $0.00 | $955.6M | $1.36B | $1.75B | $881.4M |
| Total debt | $0.00 | $374.0M | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $9.99B | $7.72B | $9.69B | $8.29B | $7.80B | $6.20B |
| Total liabilities | $1.73B | $1.76B | $1.46B | $1.27B | $1.24B | $1.04B |
| Shareholders' equity | $8.25B | $5.96B | $8.23B | $7.03B | $6.57B | $5.16B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology