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Monster Beverage

NASDAQ: MNST · USD

Monster Beverage financials

6 charts

Revenue

USD millions

$2,537.473M
Monster Beverage Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2010 Q2Unavailable; Change unavailable vs FY 2010 Q1
FY 2010 Q3Unavailable; Change unavailable vs FY 2010 Q2
FY 2010 Q4Unavailable; Change unavailable vs FY 2010 Q3
FY 2011 Q1Unavailable; Change unavailable vs FY 2010 Q4
FY 2011 Q2Unavailable; Change unavailable vs FY 2011 Q1
FY 2018 Q1$850.921M; Change unavailable vs FY 2017 Q4
FY 2018 Q2$1,015.873M; +19.4% vs FY 2018 Q1
FY 2018 Q3$1,016.16M; 0.0% vs FY 2018 Q2
FY 2018 Q4$924.229M; −9.0% vs FY 2018 Q3
FY 2019 Q1$945.991M; +2.4% vs FY 2018 Q4
FY 2019 Q2$1,104.045M; +16.7% vs FY 2019 Q1
FY 2019 Q3$1,133.577M; +2.7% vs FY 2019 Q2
FY 2019 Q4$1,017.206M; −10.3% vs FY 2019 Q3
FY 2020 Q1$1,062.097M; +4.4% vs FY 2019 Q4
FY 2020 Q2$1,093.896M; +3.0% vs FY 2020 Q1
FY 2020 Q3$1,246.362M; +13.9% vs FY 2020 Q2
FY 2020 Q4$1,196.283M; −4.0% vs FY 2020 Q3
FY 2021 Q1$1,243.816M; +4.0% vs FY 2020 Q4
FY 2021 Q2$1,461.934M; +17.5% vs FY 2021 Q1
FY 2021 Q3$1,410.557M; −3.5% vs FY 2021 Q2
FY 2021 Q4$1,425.044M; +1.0% vs FY 2021 Q3
FY 2022 Q1$1,518.574M; +6.6% vs FY 2021 Q4
FY 2022 Q2$1,655.26M; +9.0% vs FY 2022 Q1
FY 2022 Q3$1,624.286M; −1.9% vs FY 2022 Q2
FY 2022 Q4$1,512.931M; −6.9% vs FY 2022 Q3
FY 2023 Q1$1,698.93M; +12.3% vs FY 2022 Q4
FY 2023 Q2$1,854.961M; +9.2% vs FY 2023 Q1
FY 2023 Q3$1,856.028M; +0.1% vs FY 2023 Q2
FY 2023 Q4$1,730.108M; −6.8% vs FY 2023 Q3
FY 2024 Q1$1,899.098M; +9.8% vs FY 2023 Q4
FY 2024 Q2$1,900.597M; +0.1% vs FY 2024 Q1
FY 2024 Q3$1,880.973M; −1.0% vs FY 2024 Q2
FY 2024 Q4$1,812.041M; −3.7% vs FY 2024 Q3
FY 2025 Q1$1,854.558M; +2.3% vs FY 2024 Q4
FY 2025 Q2$2,111.593M; +13.9% vs FY 2025 Q1
FY 2025 Q3$2,197.139M; +4.1% vs FY 2025 Q2
FY 2025 Q4$2,131.053M; −3.0% vs FY 2025 Q3
FY 2026 Q1$2,353.291M; +10.4% vs FY 2025 Q4
FY 2026 Q2$2,537.473M; +7.8% vs FY 2026 Q1
Jun 30, 2010 through Sep 25, 2026

Free cash flow

USD millions

$460.788M
Monster Beverage Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2010 Q2$55.772M; Change unavailable vs FY 2010 Q1
FY 2010 Q3$40.509M; −27.4% vs FY 2010 Q2
FY 2010 Q4$53.651M; +32.4% vs FY 2010 Q3
FY 2011 Q1$17.09M; −68.1% vs FY 2010 Q4
FY 2011 Q2$94.565M; +453.3% vs FY 2011 Q1
FY 2018 Q1$135.862M; Change unavailable vs FY 2017 Q4
FY 2018 Q2$330.819M; +143.5% vs FY 2018 Q1
FY 2018 Q3$304.817M; −7.9% vs FY 2018 Q2
FY 2018 Q4$328.442M; +7.8% vs FY 2018 Q3
FY 2019 Q1$114.911M; −65.0% vs FY 2018 Q4
FY 2019 Q2$318.797M; +177.4% vs FY 2019 Q1
FY 2019 Q3$342.969M; +7.6% vs FY 2019 Q2
FY 2019 Q4$235.424M; −31.4% vs FY 2019 Q3
FY 2020 Q1$180.013M; −23.5% vs FY 2019 Q4
FY 2020 Q2$231.329M; +28.5% vs FY 2020 Q1
FY 2020 Q3$495.832M; +114.3% vs FY 2020 Q2
FY 2020 Q4$408.267M; −17.7% vs FY 2020 Q3
FY 2021 Q1$167.073M; −59.1% vs FY 2020 Q4
FY 2021 Q2$403.991M; +141.8% vs FY 2021 Q1
FY 2021 Q3$328.787M; −18.6% vs FY 2021 Q2
FY 2021 Q4$212.022M; −35.5% vs FY 2021 Q3
FY 2022 Q1$-21.862M; −110.3% vs FY 2021 Q4
FY 2022 Q2$53.079M; +342.8% vs FY 2022 Q1
FY 2022 Q3$421.811M; +694.7% vs FY 2022 Q2
FY 2022 Q4$245.945M; −41.7% vs FY 2022 Q3
FY 2023 Q1$384.375M; +56.3% vs FY 2022 Q4
FY 2023 Q2$296.362M; −22.9% vs FY 2023 Q1
FY 2023 Q3$492.465M; +66.2% vs FY 2023 Q2
FY 2023 Q4$323.123M; −34.4% vs FY 2023 Q3
FY 2024 Q1$346.098M; +7.1% vs FY 2023 Q4
FY 2024 Q2$376.523M; +8.8% vs FY 2024 Q1
FY 2024 Q3$571.416M; +51.8% vs FY 2024 Q2
FY 2024 Q4$370.422M; −35.2% vs FY 2024 Q3
FY 2025 Q1$478.544M; +29.2% vs FY 2024 Q4
FY 2025 Q2$434.612M; −9.2% vs FY 2025 Q1
FY 2025 Q3$701.505M; +61.4% vs FY 2025 Q2
FY 2025 Q4$351.241M; −49.9% vs FY 2025 Q3
FY 2026 Q1$584.382M; +66.4% vs FY 2025 Q4
FY 2026 Q2$460.788M; −21.1% vs FY 2026 Q1

Net margin

%

23.04%
Monster Beverage Net margin. Reported fiscal history.
Fiscal period%
FY 2010 Q2—
FY 2010 Q3—
FY 2010 Q4—
FY 2011 Q1—
FY 2011 Q2—
FY 2018 Q125.39%
FY 2018 Q226.59%
FY 2018 Q326.35%
FY 2018 Q425.87%
FY 2019 Q127.64%
FY 2019 Q226.49%
FY 2019 Q326.37%
FY 2019 Q425.06%
FY 2020 Q126.25%
FY 2020 Q228.46%
FY 2020 Q327.89%
FY 2020 Q439.43%
FY 2021 Q125.34%
FY 2021 Q227.62%
FY 2021 Q323.91%
FY 2021 Q422.55%
FY 2022 Q119.37%
FY 2022 Q216.51%
FY 2022 Q319.85%
FY 2022 Q419.94%
FY 2023 Q123.39%
FY 2023 Q222.31%
FY 2023 Q324.39%
FY 2023 Q421.21%
FY 2024 Q123.28%
FY 2024 Q222.38%
FY 2024 Q319.72%
FY 2024 Q414.94%
FY 2025 Q123.89%
FY 2025 Q223.15%
FY 2025 Q323.87%
FY 2025 Q421.08%
FY 2026 Q124.2%
FY 2026 Q223.04%

P/E

× · TTM · Daily

40.06×
Monster Beverage P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2013-03-2835.06×2011-06-30
2013-04-3041.42×2011-06-30
2013-05-3140.09×2011-06-30
2013-06-2844.67×2011-06-30
2013-07-3144.79×2011-06-30
2013-08-3042.15×2011-06-30
2013-09-3038.37×2011-06-30
2013-10-3142.03×2011-06-30
2013-11-2943.46×2011-06-30
2013-12-3149.77×2011-06-30
2014-01-3149.86×2011-06-30
2014-02-2854.34×2011-06-30
2014-03-3151×2011-06-30
2014-04-3049.17×2011-06-30
2014-05-3050.95×2011-06-30
2014-06-3052.16×2011-06-30
2014-07-3146.97×2011-06-30
2014-08-2964.93×2011-06-30
2014-09-3067.32×2011-06-30
2014-10-3174.08×2011-06-30
2014-11-2882.36×2011-06-30
2014-12-3179.57×2011-06-30
2015-01-3085.89×2011-06-30
2015-02-27103.64×2011-06-30
2015-03-31101.64×2011-06-30
2015-04-30100.69×2011-06-30
2015-05-2993.47×2011-06-30
2015-06-3098.42×2011-06-30
2015-07-31112.76×2011-06-30
2015-08-31101.68×2011-06-30
2015-09-3099.24×2011-06-30
2015-10-30100.11×2011-06-30
2015-11-30113.54×2011-06-30
2015-12-31109.39×2011-06-30
2016-01-2999.16×2011-06-30
2016-02-2992.16×2011-06-30
2016-03-3197.95×2011-06-30
2016-04-29105.91×2011-06-30
2016-05-31110.16×2011-06-30
2016-06-30118.02×2011-06-30
2016-07-29117.96×2011-06-30
2016-08-31113.01×2011-06-30
2016-09-30107.81×2011-06-30
2016-10-31106×2011-06-30
2016-11-3098.59×2011-06-30
2016-12-3097.69×2011-06-30
2017-01-3193.85×2011-06-30
2017-02-2891.3×2011-06-30
2017-03-31101.72×2011-06-30
2017-04-2899.98×2011-06-30
2017-05-31111.39×2011-06-30
2017-06-30109.45×2011-06-30
2017-07-31116.22×2011-06-30
2017-08-31122.98×2011-06-30
2017-09-29121.72×2011-06-30
2017-10-31127.63×2011-06-30
2017-11-30138.07×2011-06-30
2017-12-29139.44×2011-06-30
2018-01-31150.32×2011-06-30
2018-02-28139.61×2011-06-30
2018-03-29126.04×2011-06-30
2018-04-30121.17×2011-06-30
2018-05-31112.71×2011-06-30
2018-06-29126.24×2011-06-30
2018-07-31132.23×2011-06-30
2018-08-31134.15×2011-06-30
2018-09-28128.4×2011-06-30
2018-10-31116.44×2011-06-30
2018-11-30131.48×2011-06-30
2018-12-31108.44×2011-06-30
2019-01-31126.11×2011-06-30
2019-02-28140.63×2011-06-30
2019-03-2930.6×2018-12-31
2019-04-3033.41×2018-12-31
2019-05-3132.66×2019-03-31
2019-06-2833.7×2019-03-31
2019-07-3134.04×2019-03-31
2019-08-3030.32×2019-06-30
2019-09-3030.01×2019-06-30
2019-10-3129.01×2019-06-30
2019-11-2930.04×2019-09-30
2019-12-3131.92×2019-09-30
2020-01-3133.45×2019-09-30
2020-02-2831.34×2019-09-30
2020-03-3127.49×2019-12-31
2020-04-3030.2×2019-12-31
2020-05-2934.54×2020-03-31
2020-06-3033.3×2020-03-31
2020-07-3137.7×2020-03-31
2020-08-3138.94×2020-06-30
2020-09-3037.24×2020-06-30
2020-10-3035.55×2020-06-30
2020-11-3037.9×2020-09-30
2020-12-3141.34×2020-09-30
2021-01-2938.82×2020-09-30
2021-02-2639.23×2020-09-30
2021-03-3134.52×2020-12-31
2021-04-3036.78×2020-12-31
2021-05-2834.88×2021-03-31
2021-06-3033.8×2021-03-31
2021-07-3034.9×2021-03-31
2021-08-3133.97×2021-06-30
2021-09-3030.93×2021-06-30
2021-10-2929.59×2021-06-30
2021-11-3029.17×2021-06-30
2021-12-3133.44×2021-06-30
2022-01-3130.19×2021-06-30
2022-02-2829.38×2021-06-30
2022-03-3131.08×2021-12-31
2022-04-2933.33×2021-12-31
2022-05-3134.67×2021-12-31
2022-06-3036.06×2021-12-31
2022-07-2938.76×2021-12-31
2022-08-3134.56×2021-12-31
2022-09-3033.83×2021-12-31
2022-10-3136.46×2021-12-31
2022-11-3045.29×2022-09-30
2022-12-3044.7×2022-09-30
2023-01-3145.82×2022-09-30
2023-02-2844.8×2022-09-30
2023-03-3147.97×2022-12-31
2023-04-2849.73×2022-12-31
2023-05-3147.95×2023-03-31
2023-06-3046.98×2023-03-31
2023-07-3147.02×2023-03-31
2023-08-3142.4×2023-06-30
2023-09-2939.11×2023-06-30
2023-10-3137.74×2023-06-30
2023-11-3040.73×2023-06-30
2023-12-2942.55×2023-06-30
2024-01-3140.63×2023-06-30
2024-02-2943.65×2023-06-30
2024-03-2843.78×2023-06-30
2024-04-3039.48×2023-06-30
2024-05-3138.35×2023-06-30
2024-06-2836.89×2023-06-30
2024-07-3138×2023-06-30
2024-08-3034.81×2023-06-30
2024-09-3038.53×2023-06-30
2024-10-3138.91×2023-06-30
2024-11-2933.76×2024-09-30
2024-12-3132.19×2024-09-30
2025-01-3129.83×2024-09-30
2025-02-2833.47×2024-09-30
2025-03-3135.84×2024-09-30
2025-04-3036.82×2024-09-30
2025-05-3041.56×2025-03-31
2025-06-3040.71×2025-03-31
2025-07-3138.18×2025-03-31
2025-08-2939.03×2025-06-30
2025-09-3042.09×2025-06-30
2025-10-3141.79×2025-06-30
2025-11-2842.77×2025-09-30
2025-12-3143.73×2025-09-30
2026-01-3046.06×2025-09-30
2026-02-2748.65×2025-09-30
2026-03-3137.54×2025-12-31
2026-04-3039.93×2025-12-31
2026-05-2942.84×2026-03-31
2026-06-3046.75×2026-03-31
2026-07-3146.88×2026-03-31
2026-08-3142.67×2026-06-30
2026-09-2540.06×2026-06-30
Mean 62.13×Median 43.04×7% below median

ROIC

% · Annual / TTM

—
Monster Beverage ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2010 Q2—
FY 2010 Q3—
FY 2010 Q4—
FY 2011 Q1—
FY 2011 Q2—
FY 2018 Q1—
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q4—
FY 2019 Q1—
FY 2019 Q2—
FY 2019 Q3—
FY 2019 Q4—
FY 2020 Q1—
FY 2020 Q2—
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q4—
FY 2022 Q1—
FY 2022 Q2—
FY 2022 Q3—
FY 2022 Q4—
FY 2023 Q1—
FY 2023 Q2—
FY 2023 Q3—
FY 2023 Q4—
FY 2024 Q1—
FY 2024 Q2—
FY 2024 Q3—
FY 2024 Q427.29%
FY 2025 Q1—
FY 2025 Q2—
FY 2025 Q3—
FY 2025 Q4—
FY 2026 Q1—
FY 2026 Q2—

Capital allocation

% of tracked cash uses

$48.435M
Monster Beverage capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2010 Q2100% · $2.948MUnavailableUnavailableUnavailableUnavailable100% · $2.948M
FY 2010 Q3100% · $3.583MUnavailable0% · $0MUnavailableUnavailable100% · $3.583M
FY 2010 Q4100% · $4.578MUnavailable0% · $0MUnavailableUnavailable100% · $4.578M
FY 2011 Q114.37% · $6.523MUnavailable85.63% · $38.862MUnavailableUnavailable100% · $45.385M
FY 2011 Q2100% · $5.788MUnavailable0% · $0MUnavailableUnavailable100% · $5.788M
FY 2018 Q14.92% · $13.049MUnavailable95.08% · $251.95MUnavailableUnavailable100% · $264.999M
FY 2018 Q23.75% · $21.57MUnavailable96.25% · $553.199MUnavailableUnavailable100% · $574.769M
FY 2018 Q3100% · $15.243MUnavailable0% · $0MUnavailableUnavailable100% · $15.243M
FY 2018 Q42.2% · $12.079MUnavailable97.8% · $536.927MUnavailableUnavailable100% · $549.006M
FY 2019 Q13.67% · $8.485MUnavailable96.33% · $222.792MUnavailableUnavailable100% · $231.277M
FY 2019 Q295.3% · $12.592MUnavailable4.7% · $0.621MUnavailableUnavailable100% · $13.213M
FY 2019 Q38.4% · $23.315MUnavailable91.6% · $254.308MUnavailableUnavailable100% · $277.623M
FY 2019 Q419.96% · $57.269MUnavailable80.04% · $229.579MUnavailableUnavailable100% · $286.848M
FY 2020 Q11.95% · $11.119MUnavailable98.05% · $559.21MUnavailableUnavailable100% · $570.329M
FY 2020 Q232.99% · $17.997MUnavailable67.01% · $36.56MUnavailableUnavailable100% · $54.557M
FY 2020 Q398.87% · $12.946MUnavailable1.13% · $0.148MUnavailableUnavailable100% · $13.094M
FY 2020 Q4100% · $6.66MUnavailable0% · $0MUnavailableUnavailable100% · $6.66M
FY 2021 Q138.5% · $8.4MUnavailable61.5% · $13.419MUnavailableUnavailable100% · $21.819M
FY 2021 Q294.69% · $7.122MUnavailable5.31% · $0.399MUnavailableUnavailable100% · $7.521M
FY 2021 Q3100% · $12.609MUnavailable0% · $0MUnavailableUnavailable100% · $12.609M
FY 2021 Q499.92% · $15.737MUnavailable0.08% · $0.012MUnavailableUnavailable100% · $15.749M
FY 2022 Q163.83% · $21.511MUnavailable36.17% · $12.187MUnavailableUnavailable100% · $33.698M
FY 2022 Q221.51% · $77.935MUnavailable78.49% · $284.312MUnavailableUnavailable100% · $362.247M
FY 2022 Q315.72% · $36.712MUnavailable84.28% · $196.816MUnavailableUnavailable100% · $233.528M
FY 2022 Q415.92% · $52.568MUnavailable84.08% · $277.713MUnavailableUnavailable100% · $330.281M
FY 2023 Q153.31% · $40.1MUnavailable46.69% · $35.126MUnavailableUnavailable100% · $75.226M
FY 2023 Q243.18% · $42.325MUnavailable56.82% · $55.699MUnavailableUnavailable100% · $98.024M
FY 2023 Q36.54% · $27.799MUnavailable93.46% · $397.255MUnavailableUnavailable100% · $425.054M
FY 2023 Q439.42% · $111.204MUnavailable60.58% · $170.872MUnavailableUnavailable100% · $282.076M
FY 2024 Q135.45% · $66.044MUnavailable64.55% · $120.245MUnavailableUnavailable100% · $186.289M
FY 2024 Q21.88% · $59.768MUnavailable98.12% · $3,114.278MUnavailableUnavailable100% · $3,174.046M
FY 2024 Q38.06% · $46.983MUnavailable91.94% · $535.661MUnavailableUnavailable100% · $582.644M
FY 2024 Q498.18% · $91.279MUnavailable1.82% · $1.691MUnavailableUnavailable100% · $92.97M
FY 2025 Q163.6% · $29.056MUnavailable36.4% · $16.633MUnavailableUnavailable100% · $45.689M
FY 2025 Q2100% · $31.404MUnavailable0% · $0MUnavailableUnavailable100% · $31.404M
FY 2025 Q361.53% · $43.641MUnavailable38.47% · $27.288MUnavailableUnavailable100% · $70.929M
FY 2025 Q432.05% · $28.174MUnavailable67.95% · $59.725MUnavailableUnavailable100% · $87.899M
FY 2026 Q113.33% · $20.604MUnavailable86.67% · $133.97MUnavailableUnavailable100% · $154.574M
FY 2026 Q299.98% · $48.427MUnavailable0.02% · $0.008MUnavailableUnavailable100% · $48.435M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Monster Beverage.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources