Monster Beverage Corporation (MNST) Financial Statements

Monster Beverage Corporation

MNST · NASDAQ-GS

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$8.29B	$7.49B	$7.14B	$6.31B	$5.54B	$4.60B	$4.20B	$3.81B
Cost of Revenue	$3.66B	$3.44B	$3.35B	$3.14B	$2.43B	$1.87B	$1.68B	$1.51B
Gross Profit	$4.63B	$4.05B	$3.79B	$3.17B	$3.11B	$2.72B	$2.52B	$2.30B
Operating Expenses	$2.21B	$2.12B	$1.84B	$1.59B	$1.31B	$1.09B	$1.12B	$1.01B
Operating Income	$2.42B	$1.93B	$1.95B	$1.58B	$1.80B	$1.63B	$1.40B	$1.28B
Other Income / (Expense)	$63.17M	$59.16M	$115.13M	-$12.76M	$3.95M	-$7.00M	$13.02M	$9.65M
Income Before Taxes	$2.48B	$1.99B	$2.07B	$1.57B	$1.80B	$1.63B	$1.42B	$1.29B
Provision for Income Taxes	$577.10M	$480.41M	$437.49M	$380.34M	$423.94M	$216.56M	$308.13M	$300.27M
Net Income	$1.91B	$1.51B	$1.63B	$1.19B	$1.38B	$1.41B	$1.11B	$993.00M
Basic Shares Outstanding	975.89M	1.00B	1.04B	1.05B	1.06B	529.64M	542.19M	557.17M
Diluted Shares Outstanding	984.45M	1.01B	1.06B	1.07B	1.07B	534.81M	546.61M	564.25M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$2.31	$2.22	$2.47	10	↑1 ↓2
Dec 2027	$2.61	$2.47	$2.84	10	↑3 ↓0
Dec 2028	$3.00	$2.83	$3.13	5	↑1 ↓0
Dec 2029	$3.43	$3.43	$3.43	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: MNST
Type: Stock
Sector: Consumer Staples
Industry: Beverages (Production/Distribution)
Country: North America
Exchange: NASDAQ-GS

Based in Corona, California, Monster Energy is the leading marketer of energy drinks and alternative beverages. Refusing to acknowledge the traditional, Monster Energy supports the scene and sport. Whether motocross, off-road, NASCAR, MMA, BMX, surf, snowboard, ski, skateboard, or the rock-and-roll lifestyle, Monster Energy is a brand that believes in authenticity and the core of what its athletes and musicians represent. More than a drink, it's the way of life lived by athletes, bands, believers, and fans. See more about Monster Energy, including all of its drinks, at www.monsterenergy.com.

Key Issues

Bullish view

Zacks expects double-digit Q2 growth, supported by energy-drink demand, pricing, innovation and international expansion.

Bearish view

The evidence does not confirm that the expected growth will be delivered, and broader beverage trends highlight value-conscious consumers and stubborn costs as risks to results.

Analyst Consensus

See all

Buy

21 analysts

$95

Current

$98

Low

$98

Average

$98

High

Average target implies +3.44% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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