Monster Beverage (MNST) Financials

$60.14 -0.78 (-1.27%)

As of 03:05 PM Eastern

Annual Income Statements for Monster Beverage

This table shows Monster Beverage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	547	713	821	993	1,108	1,410	1,377	1,192	1,631	1,509
Consolidated Net Income / (Loss)	547	713	821	993	1,108	1,410	1,377	1,192	1,631	1,509
Net Income / (Loss) Continuing Operations	547	713	821	993	1,108	1,410	1,377	1,192	1,631	1,509
Total Pre-Tax Income	892	1,080	1,202	1,293	1,416	1,626	1,801	1,572	2,068	1,989
Total Operating Income	732	1,085	1,199	1,284	1,403	1,633	1,797	1,585	1,953	1,930
Total Gross Profit	1,632	1,942	2,138	2,295	2,519	2,724	3,109	3,175	3,794	4,049
Total Revenue	2,723	3,049	3,369	3,807	4,201	4,599	5,541	6,311	7,140	7,493
Operating Revenue	2,723	3,049	3,369	3,807	4,201	4,599	5,541	6,311	7,140	7,493
Total Cost of Revenue	1,090	1,107	1,231	1,512	1,682	1,875	2,433	3,136	3,346	3,444
Operating Cost of Revenue	1,090	1,107	1,231	1,512	1,682	1,875	2,433	3,136	3,346	3,444
Total Operating Expenses	900	857	939	1,012	1,116	1,091	1,311	1,590	1,841	2,119
Selling, General & Admin Expense	900	857	939	1,012	1,116	1,091	1,311	1,590	1,841	2,119
Total Other Income / (Expense), net	159	-5.65	2.84	9.65	13	-7.00	3.95	-13	115	59
Other Income / (Expense), net	159	-5.65	2.84	9.65	13	-7.00	3.95	-13	115	59
Income Tax Expense	345	367	381	300	308	217	424	380	437	480
Basic Earnings per Share	$0.97	$1.21	$1.45	$1.78	$2.04	$2.66	$1.30	$1.13	$1.56	$1.50
Weighted Average Basic Shares Outstanding	566.45M	587.87M	566.78M	557.17M	542.19M	529.64M	1.06B	1.05B	1.04B	1.00B
Diluted Earnings per Share	$0.95	$1.19	$1.42	$1.76	$2.03	$2.64	$1.29	$1.12	$1.54	$1.49
Weighted Average Diluted Shares Outstanding	577.76M	599.82M	577.14M	564.25M	546.61M	534.81M	1.07B	1.07B	1.06B	1.01B
Weighted Average Basic & Diluted Shares Outstanding	202.92M	566.62M	566.40M	543.15M	536.90M	528.14M	529.36M	522.41M	1.04B	973.16M

This table shows Monster Beverage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	322	302	397	414	453	367	442	425	371	271
Consolidated Net Income / (Loss)	322	302	397	414	453	367	442	425	371	271
Net Income / (Loss) Continuing Operations	322	302	397	414	453	367	442	425	371	271
Total Pre-Tax Income	420	394	498	539	582	450	578	552	474	386
Total Operating Income	418	394	485	524	511	434	542	527	480	381
Total Gross Profit	834	784	898	974	984	938	1,027	1,020	1,000	1,002
Total Revenue	1,624	1,513	1,699	1,855	1,856	1,730	1,899	1,901	1,881	1,812
Operating Revenue	1,624	1,513	1,699	1,855	1,856	1,730	1,899	1,901	1,881	1,812
Total Cost of Revenue	791	729	801	881	872	792	872	881	881	810
Operating Cost of Revenue	791	729	801	881	872	792	872	881	881	810
Total Operating Expenses	416	390	413	450	473	504	485	492	520	621
Selling, General & Admin Expense	416	390	413	450	473	504	485	492	520	621
Total Other Income / (Expense), net	2.15	-0.83	12	15	71	16	36	24	-5.82	4.86
Other Income / (Expense), net	2.15	-0.83	12	15	71	16	36	24	-5.82	4.86
Income Tax Expense	98	92	100	125	129	83	136	126	103	115
Basic Earnings per Share	$0.31	$0.29	$0.38	$0.40	$0.43	$0.35	$0.42	$0.41	$0.38	$0.27
Weighted Average Basic Shares Outstanding	1.05B	1.05B	1.04B	1.05B	1.05B	1.04B	1.04B	1.03B	975.84M	1.00B
Diluted Earnings per Share	$0.30	$0.29	$0.38	$0.39	$0.43	$0.35	$0.42	$0.41	$0.38	$0.27
Weighted Average Diluted Shares Outstanding	1.07B	1.07B	1.06B	1.06B	1.06B	1.06B	1.05B	1.04B	983.17M	1.01B
Basic & Diluted Earnings per Share	-	$0.29	-	-	-	$0.35	-	-	-	$0.27
Weighted Average Basic & Diluted Shares Outstanding	521.74M	522.41M	1.05B	1.05B	1.04B	1.04B	1.04B	979.54M	972.52M	973.16M

This table details how cash moves in and out of Monster Beverage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	1,805	-1,798	151	109	160	382	146	-19	991	-764
Net Cash From Operating Activities	523	701	988	1,162	1,114	1,364	1,156	888	1,718	1,929
Net Cash From Continuing Operating Activities	523	701	988	1,162	1,114	1,364	1,156	888	1,718	1,929
Net Income / (Loss) Continuing Operations	547	713	821	993	1,108	1,410	1,377	1,192	1,631	1,509
Consolidated Net Income / (Loss)	547	713	821	993	1,108	1,410	1,377	1,192	1,631	1,509
Depreciation Expense	31	41	49	57	61	57	50	61	69	80
Non-Cash Adjustments To Reconcile Net Income	-129	46	51	68	67	83	74	73	76	243
Changes in Operating Assets and Liabilities, net	74	-98	67	44	-122	-185	-345	-439	-58	96
Net Cash From Investing Activities	400	-256	-532	273	-327	-472	-992	-161	-193	734
Net Cash From Continuing Investing Activities	400	-256	-532	273	-327	-472	-992	-161	-193	734
Purchase of Property, Plant & Equipment	-36	-100	-83	-62	-102	-49	-44	-189	-221	-264
Acquisitions	-6.89	-694	-9.69	-13	-8.74	0.00	0.00	-329	-363	0.00
Purchase of Investments	-2,034	-452	-972	-826	-1,068	-1,300	-2,413	-1,847	-1,621	-342
Sale of Property, Plant & Equipment	0.93	0.81	1.42	4.30	1.24	0.99	1.33	1.31	2.52	2.73
Sale and/or Maturity of Investments	2,098	989	533	1,181	851	920	1,489	2,252	2,030	1,378
Other Investing Activities, net	179	0.01	-1.20	-12	-1.27	-45	-25	-50	-20	-41
Net Cash From Financing Activities	888	-2,238	-311	-1,316	-629	-526	35	-707	-543	-3,329
Net Cash From Continuing Financing Activities	888	-2,238	-311	-1,316	-629	-526	35	-707	-543	-3,329
Repayment of Debt	-1.08	-2.36	-2.58	-1.89	-14	-3.09	2.93	0.08	-14	-386
Repurchase of Common Equity	-808	-2,252	-361	-1,342	-707	-596	-14	-771	-659	-3,772
Issuance of Debt	-	-	-	-	-	-	-	0.00	0.00	750
Issuance of Common Equity	1,697	16	53	28	92	73	46	64	130	79
Effect of Exchange Rate Changes	-5.31	-4.61	5.99	-9.84	1.91	17	-52	-39	8.78	-98
Cash Interest Paid	0.03	0.07	0.08	0.06	0.32	0.04	0.13	0.43	0.36	25
Cash Income Taxes Paid	225	431	389	201	294	356	421	380	423	476

This table details how cash moves in and out of Monster Beverage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	171	4.09	366	197	-96	524	279	-1,012	61	-92
Net Cash From Operating Activities	459	299	424	339	520	434	412	436	618	462
Net Cash From Continuing Operating Activities	459	299	424	339	520	434	412	436	618	462
Net Income / (Loss) Continuing Operations	322	302	397	414	453	367	442	425	371	271
Consolidated Net Income / (Loss)	322	302	397	414	453	367	442	425	371	271
Depreciation Expense	16	15	17	16	18	19	20	19	20	21
Non-Cash Adjustments To Reconcile Net Income	18	19	18	22	-24	60	25	30	31	156
Changes in Operating Assets and Liabilities, net	102	-38	-7.60	-112	73	-11	-76	-39	197	14
Net Cash From Investing Activities	-52	-104	-53	-105	-202	167	-35	939	-60	-109
Net Cash From Continuing Investing Activities	-52	-104	-53	-105	-202	167	-35	939	-60	-109
Purchase of Property, Plant & Equipment	-37	-53	-40	-42	-28	-111	-66	-60	-47	-91
Sale of Property, Plant & Equipment	0.23	0.71	0.56	0.47	0.72	0.77	0.42	0.63	1.04	0.64
Other Investing Activities, net	-0.12	-27	-17	-6.52	-5.48	8.85	-9.60	1.87	-14	-19
Net Cash From Financing Activities	-190	-248	-6.05	-32	-396	-109	-85	-2,356	-527	-361
Net Cash From Continuing Financing Activities	-190	-248	-6.05	-32	-396	-109	-85	-2,356	-527	-361
Repayment of Debt	-5.64	0.79	-7.27	0.61	-4.61	-2.64	-2.90	-5.15	-1.58	-377
Repurchase of Common Equity	-197	-278	-35	-56	-397	-171	-120	-3,114	-536	-1.69
Issuance of Common Equity	12	29	36	23	5.89	65	38	14	10	17
Effect of Exchange Rate Changes	-45	57	-0.14	-4.36	-18	32	-13	-31	30	-83
Cash Interest Paid	0.13	0.07	0.10	0.05	0.11	0.11	0.09	1.37	12	11
Cash Income Taxes Paid	88	82	57	176	116	74	64	213	136	64

This table presents Monster Beverage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	5,571	4,153	4,791	4,527	5,150	6,203	7,805	8,293	9,687	7,719
Total Current Assets	3,600	1,432	2,086	1,804	2,316	3,141	4,682	4,765	5,589	3,642
Cash & Equivalents	2,175	378	529	638	798	1,180	1,326	1,307	2,298	1,533
Short-Term Investments	745	221	673	321	533	881	1,750	1,362	956	0.00
Accounts Receivable	353	448	449	485	540	666	897	1,016	1,194	1,222
Inventories, net	156	162	256	278	361	333	593	936	971	737
Prepaid Expenses	27	33	41	45	55	55	83	110	116	107
Current Deferred & Refundable Income Taxes	18	67	139	39	29	25	33	34	54	42
Plant, Property, & Equipment, net	97	173	230	243	299	315	314	517	891	1,047
Total Noncurrent Assets	1,874	2,548	2,474	2,480	2,535	2,747	2,809	3,011	3,207	3,031
Long-Term Investments	15	2.39	2.37	-	13	44	99	61	76	0.00
Goodwill	1,280	1,332	1,332	1,332	1,332	1,332	1,332	1,418	1,418	1,332
Intangible Assets	428	1,033	1,034	1,046	1,052	1,059	1,072	1,220	1,427	1,414
Noncurrent Deferred & Refundable Income Taxes	140	160	92	86	85	242	225	177	175	184
Other Noncurrent Operating Assets	11	22	14	16	54	70	80	134	110	100
Total Liabilities & Shareholders' Equity	5,571	4,153	4,791	4,527	5,150	6,203	7,805	8,293	9,687	7,719
Total Liabilities	762	824	896	916	979	1,042	1,238	1,268	1,458	1,761
Total Current Liabilities	410	471	560	601	661	750	965	1,002	1,162	1,098
Accounts Payable	145	193	246	249	274	297	404	444	564	467
Accrued Expenses	208	198	226	258	281	329	422	429	453	488
Current Deferred Revenue	32	42	43	44	44	45	43	43	42	46
Current Deferred & Payable Income Tax Liabilities	2.75	7.66	11	10	15	23	30	13	15	4.01
Current Employee Benefit Liabilities	22	30	35	40	47	55	65	72	87	92
Total Noncurrent Liabilities	352	353	335	315	318	292	273	266	296	664
Long-Term Debt	-	-	-	-	-	-	-	-	0.00	374
Noncurrent Deferred Revenue	352	353	334	312	287	264	243	224	204	179
Other Noncurrent Operating Liabilities	-	0.00	1.10	2.62	31	27	30	42	92	111
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,809	3,330	3,895	3,611	4,171	5,161	6,567	7,025	8,229	5,958
Total Preferred & Common Equity	4,809	3,330	3,895	3,611	4,171	5,161	6,567	7,025	8,229	5,958
Total Common Equity	4,809	3,330	3,895	3,611	4,171	5,161	6,567	7,025	8,229	5,958
Common Stock	3,993	4,054	4,154	4,241	4,401	4,541	4,656	4,783	4,981	5,151
Retained Earnings	1,395	2,108	2,928	3,915	5,022	6,432	7,810	9,001	5,940	7,449
Treasury Stock	-556	-2,809	-3,170	-4,512	-5,220	-5,815	-5,829	-6,600	-2,566	-6,372
Accumulated Other Comprehensive Income / (Loss)	-22	-23	-17	-33	-32	3.03	-69	-159	-125	-269

This table presents Monster Beverage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	8,205	8,293	8,844	9,263	9,314	9,687	10,098	8,061	8,053	7,719
Total Current Assets	4,697	4,765	5,295	5,654	5,312	5,589	6,036	3,954	3,898	3,642
Cash & Equivalents	1,303	1,307	1,673	1,870	1,774	2,298	2,577	1,565	1,625	1,533
Short-Term Investments	1,347	1,362	1,383	1,417	1,237	956	984	0.00	0.00	0.00
Accounts Receivable	1,052	1,016	1,190	1,333	1,231	1,194	1,370	1,362	1,285	1,222
Inventories, net	863	936	907	847	884	971	940	834	770	737
Prepaid Expenses	112	110	111	149	163	116	125	129	125	107
Current Deferred & Refundable Income Taxes	20	34	31	39	23	54	40	63	92	42
Plant, Property, & Equipment, net	486	517	546	577	731	891	923	961	1,007	1,047
Total Noncurrent Assets	3,023	3,011	3,004	3,033	3,272	3,207	3,139	3,146	3,149	3,031
Long-Term Investments	72	61	41	62	53	76	8.16	0.00	0.00	0.00
Goodwill	1,413	1,418	1,418	1,418	1,418	1,418	1,418	1,418	1,418	1,332
Intangible Assets	1,226	1,220	1,223	1,224	1,459	1,427	1,431	1,433	1,442	1,414
Noncurrent Deferred & Refundable Income Taxes	196	177	177	177	177	175	175	187	183	184
Other Noncurrent Operating Assets	116	134	145	151	165	110	107	107	105	100
Total Liabilities & Shareholders' Equity	8,205	8,293	8,844	9,263	9,314	9,687	10,098	8,061	8,053	7,719
Total Liabilities	1,389	1,268	1,449	1,422	1,441	1,458	1,520	2,195	2,274	1,761
Total Current Liabilities	1,122	1,002	1,188	1,163	1,179	1,162	1,229	1,161	1,245	1,098
Accounts Payable	520	444	491	569	540	564	534	511	549	467
Accrued Expenses	480	429	554	482	504	453	524	534	561	488
Current Deferred Revenue	43	43	44	43	40	42	44	44	46	46
Current Deferred & Payable Income Tax Liabilities	17	13	55	13	18	15	75	11	7.64	4.01
Current Employee Benefit Liabilities	61	72	43	56	77	87	53	60	82	92
Total Noncurrent Liabilities	267	266	261	259	262	296	291	1,034	1,029	664
Long-Term Debt	-	-	-	-	-	0.00	-	749	749	374
Noncurrent Deferred Revenue	226	224	220	215	209	204	199	192	186	179
Other Noncurrent Operating Liabilities	41	42	42	44	53	92	93	64	65	111
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,816	7,025	7,395	7,841	7,873	8,229	8,578	5,866	5,779	5,958
Total Preferred & Common Equity	6,816	7,025	7,395	7,841	7,873	8,229	8,578	5,866	5,779	5,958
Total Common Equity	6,816	7,025	7,395	7,841	7,873	8,229	8,578	5,866	5,779	5,958
Common Stock	4,739	4,783	4,835	4,875	4,899	4,981	5,041	5,074	5,112	5,151
Retained Earnings	8,699	9,001	4,706	5,120	5,573	5,940	6,382	6,807	7,178	7,449
Treasury Stock	-6,399	-6,600	-1,998	-1,998	-2,400	-2,566	-2,687	-5,832	-6,372	-6,372
Accumulated Other Comprehensive Income / (Loss)	-224	-159	-148	-156	-198	-125	-158	-182	-138	-269

This table displays calculated financial ratios and metrics derived from Monster Beverage's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.45%	12.00%	10.48%	13.00%	10.34%	9.47%	20.50%	13.89%	13.14%	4.94%
EBITDA Growth	19.57%	21.48%	11.60%	7.98%	9.36%	13.98%	10.00%	-11.79%	30.87%	-3.16%
EBIT Growth	19.54%	21.10%	11.29%	7.63%	9.49%	14.84%	10.78%	-12.74%	31.59%	-3.82%
NOPAT Growth	-7.29%	59.56%	14.28%	20.38%	11.37%	28.97%	-2.91%	-12.60%	28.21%	-4.94%
Net Income Growth	13.15%	30.35%	15.15%	21.00%	11.56%	27.24%	-2.28%	-13.49%	36.87%	-7.48%
EPS Growth	13.15%	25.26%	19.33%	23.94%	15.34%	30.05%	-2.28%	-13.49%	37.50%	-3.25%
Operating Cash Flow Growth	-12.51%	34.17%	40.83%	17.63%	-4.14%	22.48%	-15.28%	-23.19%	93.51%	12.27%
Free Cash Flow Firm Growth	-303.87%	87.64%	717.49%	19.56%	-9.87%	28.73%	-12.65%	-71.24%	213.35%	67.30%
Invested Capital Growth	519.16%	45.63%	-1.39%	-1.43%	6.58%	8.04%	11.02%	26.62%	14.09%	-2.05%
Revenue Q/Q Growth	1.49%	3.68%	1.71%	3.08%	2.26%	4.05%	4.31%	1.41%	3.14%	1.11%
EBITDA Q/Q Growth	27.24%	1.77%	1.71%	3.35%	1.51%	4.76%	0.85%	-1.71%	2.88%	-2.90%
EBIT Q/Q Growth	27.98%	1.66%	1.54%	3.44%	1.69%	5.06%	0.81%	-1.95%	2.81%	-3.12%
NOPAT Q/Q Growth	3.20%	5.63%	3.08%	3.68%	1.47%	18.58%	-10.23%	-1.18%	3.42%	-5.55%
Net Income Q/Q Growth	2.51%	5.04%	3.58%	3.96%	1.45%	18.17%	-9.85%	-1.62%	4.17%	-6.00%
EPS Q/Q Growth	2.51%	0.00%	1.43%	1.73%	1.00%	16.81%	-9.85%	-1.62%	2.67%	-9.70%
Operating Cash Flow Q/Q Growth	-3.59%	18.53%	-7.75%	14.02%	-4.12%	9.84%	-13.94%	8.66%	8.59%	1.44%
Free Cash Flow Firm Q/Q Growth	-6.27%	49.86%	-6.76%	14.32%	-8.89%	13.41%	-12.47%	-25.77%	21.01%	7.38%
Invested Capital Q/Q Growth	2.14%	-2.17%	0.98%	-2.47%	1.39%	4.09%	3.39%	4.90%	1.85%	-2.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.95%	63.68%	63.45%	60.29%	59.95%	59.23%	56.10%	50.30%	53.14%	54.04%
EBITDA Margin	33.88%	36.75%	37.12%	35.47%	35.15%	36.60%	33.41%	25.88%	29.94%	27.63%
Operating Margin	26.89%	35.59%	35.58%	33.72%	33.40%	35.51%	32.44%	25.11%	27.36%	25.76%
EBIT Margin	32.75%	35.41%	35.67%	33.97%	33.71%	35.36%	32.51%	24.91%	28.97%	26.55%
Profit (Net Income) Margin	20.08%	23.37%	24.36%	26.08%	26.37%	30.65%	24.86%	18.88%	22.84%	20.14%
Tax Burden Percent	61.32%	66.01%	68.30%	76.78%	78.24%	86.68%	76.47%	75.80%	78.85%	75.85%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	38.68%	33.99%	31.70%	23.22%	21.76%	13.32%	23.53%	24.20%	21.15%	24.15%
Return on Invested Capital (ROIC)	41.26%	31.13%	30.21%	36.89%	40.06%	48.13%	42.64%	31.26%	33.51%	30.20%
ROIC Less NNEP Spread (ROIC-NNEP)	36.54%	31.34%	29.99%	36.20%	39.17%	48.49%	42.53%	31.59%	30.51%	28.20%
Return on Net Nonoperating Assets (RNNOA)	-23.97%	-13.61%	-7.49%	-10.43%	-11.59%	-17.92%	-19.15%	-13.73%	-12.12%	-8.92%
Return on Equity (ROE)	17.29%	17.51%	22.72%	26.46%	28.47%	30.21%	23.49%	17.53%	21.38%	21.27%
Cash Return on Invested Capital (CROIC)	-103.12%	-6.03%	31.61%	38.33%	33.69%	40.40%	32.20%	7.77%	20.35%	32.27%
Operating Return on Assets (OROA)	23.74%	22.20%	26.87%	27.76%	29.26%	28.65%	25.72%	19.53%	23.01%	22.86%
Return on Assets (ROA)	14.56%	14.66%	18.35%	21.31%	22.90%	24.83%	19.67%	14.80%	18.14%	17.34%
Return on Common Equity (ROCE)	17.29%	17.51%	22.72%	26.46%	28.47%	30.21%	23.49%	17.53%	21.38%	21.27%
Return on Equity Simple (ROE_SIMPLE)	11.37%	21.40%	21.07%	27.50%	26.56%	27.31%	20.98%	16.96%	19.82%	25.33%
Net Operating Profit after Tax (NOPAT)	449	716	819	986	1,098	1,416	1,374	1,201	1,540	1,464
NOPAT Margin	16.49%	23.49%	24.30%	25.89%	26.13%	30.78%	24.80%	19.03%	21.57%	19.54%
Net Nonoperating Expense Percent (NNEP)	4.71%	-0.21%	0.21%	0.69%	0.89%	-0.35%	0.11%	-0.33%	3.00%	2.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.10%	18.72%	23.12%
Cost of Revenue to Revenue	40.05%	36.32%	36.55%	39.71%	40.05%	40.77%	43.90%	49.70%	46.86%	45.96%
SG&A Expenses to Revenue	33.06%	28.09%	27.87%	26.57%	26.56%	23.72%	23.66%	25.19%	25.78%	28.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.06%	28.09%	27.87%	26.57%	26.56%	23.72%	23.66%	25.19%	25.78%	28.28%
Earnings before Interest and Taxes (EBIT)	892	1,080	1,202	1,293	1,416	1,626	1,801	1,572	2,068	1,989
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	922	1,121	1,251	1,350	1,477	1,683	1,852	1,633	2,137	2,070
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.28	7.60	9.16	7.54	8.19	9.46	7.74	7.54	7.28	8.58
Price to Tangible Book Value (P/TBV)	9.74	26.22	23.34	22.07	19.12	17.62	12.21	12.08	11.13	15.91
Price to Revenue (P/Rev)	11.09	8.30	10.59	7.15	8.13	10.62	9.17	8.39	8.39	6.82
Price to Earnings (P/E)	55.23	35.52	43.49	27.41	30.84	34.64	36.89	44.45	36.75	33.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.81%	2.82%	2.30%	3.65%	3.24%	2.89%	2.71%	2.25%	2.72%	2.95%
Enterprise Value to Invested Capital (EV/IC)	14.55	9.06	12.82	9.90	11.61	15.29	14.05	11.70	11.56	10.41
Enterprise Value to Revenue (EV/Rev)	10.01	8.11	10.24	6.90	7.81	10.16	8.60	7.96	7.93	6.67
Enterprise Value to EBITDA (EV/EBITDA)	29.56	22.06	27.58	19.45	22.23	27.75	25.73	30.76	26.49	24.13
Enterprise Value to EBIT (EV/EBIT)	30.58	22.89	28.70	20.30	23.18	28.73	26.45	31.96	27.37	25.11
Enterprise Value to NOPAT (EV/NOPAT)	60.72	34.50	42.12	26.64	29.91	33.00	34.66	41.82	36.75	34.12
Enterprise Value to Operating Cash Flow (EV/OCF)	52.15	35.24	34.92	22.60	29.47	34.24	41.22	56.60	32.96	25.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	40.26	25.64	35.56	39.32	45.90	168.32	60.52	31.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06
Financial Leverage	-0.66	-0.43	-0.25	-0.29	-0.30	-0.37	-0.45	-0.43	-0.40	-0.32
Leverage Ratio	1.19	1.19	1.24	1.24	1.24	1.22	1.19	1.18	1.18	1.23
Compound Leverage Factor	1.19	1.19	1.24	1.24	1.24	1.22	1.19	1.18	1.18	1.23
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.91%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	94.09%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.18
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.56
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.18
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.26
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.79
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.26
Altman Z-Score	25.84	21.02	26.68	21.14	24.41	31.64	28.08	28.52	27.52	20.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.77	3.04	3.72	3.00	3.50	4.19	4.85	4.76	4.81	3.32
Quick Ratio	7.98	2.22	2.95	2.40	2.83	3.64	4.12	3.68	3.83	2.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,122	-139	857	1,024	923	1,188	1,038	298	935	1,565
Operating Cash Flow to CapEx	1,507.32%	708.35%	1,204.27%	2,015.54%	1,109.08%	2,858.14%	2,716.83%	473.66%	784.69%	737.93%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.63	0.75	0.82	0.87	0.81	0.79	0.78	0.79	0.86
Accounts Receivable Turnover	8.59	7.61	7.51	8.15	8.20	7.62	7.09	6.60	6.46	6.20
Inventory Turnover	6.59	6.96	5.90	5.67	5.27	5.40	5.25	4.10	3.51	4.03
Fixed Asset Turnover	29.04	22.53	16.69	16.09	15.51	15.00	17.64	15.20	10.14	7.73
Accounts Payable Turnover	8.00	6.55	5.61	6.11	6.44	6.57	6.94	7.39	6.63	6.68
Days Sales Outstanding (DSO)	42.48	47.94	48.62	44.77	44.53	47.87	51.47	55.32	56.49	58.84
Days Inventory Outstanding (DIO)	55.36	52.42	61.91	64.40	69.26	67.54	69.50	88.97	104.02	90.54
Days Payable Outstanding (DPO)	45.60	55.71	65.09	59.71	56.72	55.57	52.59	49.37	55.02	54.64
Cash Conversion Cycle (CCC)	52.24	44.65	45.44	49.46	57.07	59.85	68.37	94.91	105.50	94.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,874	2,729	2,691	2,653	2,827	3,055	3,391	4,294	4,899	4,798
Invested Capital Turnover	2.50	1.32	1.24	1.42	1.53	1.56	1.72	1.64	1.55	1.55
Increase / (Decrease) in Invested Capital	1,571	855	-38	-39	175	227	337	903	605	-101
Enterprise Value (EV)	27,262	24,716	34,489	26,259	32,826	46,716	47,643	50,242	56,610	49,956
Market Capitalization	30,198	25,317	35,693	27,217	34,170	48,822	50,819	52,973	59,940	51,116
Book Value per Share	$23.72	$17.49	$6.91	$6.53	$7.76	$9.78	$12.41	$13.46	$7.91	$6.13
Tangible Book Value per Share	$15.30	$5.07	$2.71	$2.23	$3.32	$5.25	$7.87	$8.41	$5.17	$3.30
Total Capital	4,809	3,330	3,895	3,611	4,171	5,161	6,567	7,025	8,229	6,332
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	374
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	374
Net Debt	-2,935	-601	-1,204	-958	-1,344	-2,106	-3,176	-2,731	-3,330	-1,159
Capital Expenditures (CapEx)	35	99	82	58	100	48	43	187	219	261
Debt-free, Cash-free Net Working Capital (DFCFNWC)	269	364	324	245	324	329	641	1,093	1,174	1,011
Debt-free Net Working Capital (DFNWC)	3,189	962	1,526	1,203	1,655	2,391	3,717	3,763	4,427	2,544
Net Working Capital (NWC)	3,189	962	1,526	1,203	1,655	2,391	3,717	3,763	4,427	2,544
Net Nonoperating Expense (NNE)	-98	3.73	-1.94	-7.41	-10	6.06	-3.02	9.67	-91	-45
Net Nonoperating Obligations (NNO)	-2,935	-601	-1,204	-958	-1,344	-2,106	-3,176	-2,731	-3,330	-1,159
Total Depreciation and Amortization (D&A)	31	41	49	57	61	57	50	61	69	80
Debt-free, Cash-free Net Working Capital to Revenue	9.89%	11.92%	9.63%	6.43%	7.72%	7.16%	11.56%	17.33%	16.44%	13.49%
Debt-free Net Working Capital to Revenue	117.14%	31.54%	45.30%	31.60%	39.40%	51.99%	67.08%	59.62%	62.01%	33.95%
Net Working Capital to Revenue	117.14%	31.54%	45.30%	31.60%	39.40%	51.99%	67.08%	59.62%	62.01%	33.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.48	$0.61	$0.73	$0.89	$1.02	$0.00	$1.31	$1.13	$1.56	$1.50
Adjusted Weighted Average Basic Shares Outstanding	1.13B	1.18B	1.13B	1.11B	1.08B	1.06B	1.06B	1.05B	1.04B	1.00B
Adjusted Diluted Earnings per Share	$0.47	$0.60	$0.71	$0.88	$1.02	$0.00	$1.29	$1.12	$1.54	$1.49
Adjusted Weighted Average Diluted Shares Outstanding	1.16B	1.20B	1.15B	1.13B	1.09B	1.07B	1.07B	1.07B	1.06B	1.01B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.22B	1.13B	1.13B	1.09B	1.07B	1.06B	1.06B	1.04B	1.04B	973.16M
Normalized Net Operating Profit after Tax (NOPAT)	449	716	819	986	1,098	1,416	1,374	1,201	1,540	1,464
Normalized NOPAT Margin	16.49%	23.49%	24.30%	25.89%	26.13%	30.78%	24.80%	19.03%	21.57%	19.54%
Pre Tax Income Margin	32.75%	35.41%	35.67%	33.97%	33.71%	35.36%	32.51%	24.91%	28.97%	26.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	147.78%	316.05%	44.01%	135.15%	63.85%	42.28%	1.00%	64.70%	40.40%	249.95%

This table displays calculated financial ratios and metrics derived from Monster Beverage's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.15%	6.17%	11.88%	12.06%	14.27%	14.35%	11.78%	2.46%	1.34%	4.74%
EBITDA Growth	-4.15%	-3.87%	26.45%	45.17%	37.68%	14.65%	16.30%	2.96%	-17.65%	-13.21%
EBIT Growth	-5.00%	-4.69%	26.87%	47.19%	38.52%	14.37%	16.12%	2.33%	-18.52%	-14.22%
NOPAT Growth	-5.37%	-4.52%	29.29%	44.47%	23.83%	17.05%	7.03%	1.08%	-5.47%	-24.46%
Net Income Growth	-4.39%	-6.11%	35.09%	51.40%	40.42%	21.65%	11.22%	2.78%	-18.06%	-26.23%
EPS Growth	-4.39%	-6.11%	40.74%	50.00%	43.33%	20.69%	10.53%	5.13%	-11.63%	-22.86%
Operating Cash Flow Growth	34.31%	31.07%	121,033.05%	158.51%	13.47%	45.50%	-2.91%	28.82%	18.86%	6.30%
Free Cash Flow Firm Growth	-7,649.12%	-2,913.47%	129.60%	125.19%	35.23%	58.19%	-287.71%	-181.81%	188.50%	246.57%
Invested Capital Growth	24.80%	26.62%	5.65%	5.08%	17.50%	14.09%	16.53%	12.42%	1.93%	-2.05%
Revenue Q/Q Growth	-1.87%	-6.86%	12.29%	9.18%	0.06%	-6.78%	9.77%	0.08%	-1.03%	-3.66%
EBITDA Q/Q Growth	14.05%	-6.19%	25.85%	7.81%	8.17%	-21.88%	27.66%	-4.55%	-13.48%	-17.67%
EBIT Q/Q Growth	14.72%	-6.32%	26.44%	8.32%	7.96%	-22.65%	28.37%	-4.54%	-14.04%	-18.57%
NOPAT Q/Q Growth	15.20%	-5.75%	28.17%	3.81%	-1.26%	-10.91%	17.20%	-1.96%	-7.65%	-28.81%
Net Income Q/Q Growth	17.94%	-6.42%	31.75%	4.13%	9.38%	-18.93%	20.46%	-3.77%	-12.80%	-27.02%
EPS Q/Q Growth	17.94%	-6.42%	31.03%	2.63%	10.26%	-18.60%	-46.15%	-2.38%	-7.32%	-28.95%
Operating Cash Flow Q/Q Growth	249.98%	-34.90%	42.20%	-20.21%	53.61%	-16.52%	-5.11%	5.86%	41.74%	-25.34%
Free Cash Flow Firm Q/Q Growth	33.00%	-21.85%	126.23%	17.60%	-272.29%	21.34%	-17.78%	48.74%	286.39%	30.26%
Invested Capital Q/Q Growth	-4.25%	4.90%	0.10%	4.51%	7.07%	1.85%	2.24%	0.83%	-2.92%	-2.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.33%	51.84%	52.85%	52.52%	53.00%	54.24%	54.09%	53.64%	53.15%	55.32%
EBITDA Margin	26.82%	27.02%	30.28%	29.90%	32.32%	27.09%	31.50%	30.04%	26.26%	22.44%
Operating Margin	25.73%	26.07%	28.55%	28.24%	27.51%	25.08%	28.54%	27.74%	25.51%	21.04%
EBIT Margin	25.86%	26.01%	29.29%	29.06%	31.35%	26.01%	30.42%	29.02%	25.20%	21.31%
Profit (Net Income) Margin	19.85%	19.94%	23.39%	22.31%	24.39%	21.21%	23.28%	22.38%	19.72%	14.94%
Tax Burden Percent	76.74%	76.66%	79.88%	76.79%	77.80%	81.54%	76.51%	77.12%	78.24%	70.12%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	23.26%	23.34%	20.12%	23.21%	22.20%	18.46%	23.49%	22.88%	21.76%	29.88%
Return on Invested Capital (ROIC)	33.33%	32.82%	35.39%	33.10%	33.28%	31.77%	34.44%	33.11%	30.46%	22.80%
ROIC Less NNEP Spread (ROIC-NNEP)	33.27%	32.84%	35.05%	32.70%	31.36%	31.33%	33.62%	32.21%	30.69%	22.64%
Return on Net Nonoperating Assets (RNNOA)	-14.49%	-14.27%	-14.49%	-13.13%	-12.35%	-12.45%	-14.03%	-9.79%	-8.86%	-7.17%
Return on Equity (ROE)	18.84%	18.55%	20.90%	19.97%	20.93%	19.32%	20.41%	23.33%	21.60%	15.63%
Cash Return on Invested Capital (CROIC)	10.91%	7.77%	25.33%	27.28%	17.36%	20.35%	18.42%	21.25%	30.01%	32.27%
Operating Return on Assets (OROA)	20.56%	20.39%	22.32%	22.30%	24.78%	20.66%	23.58%	24.74%	21.51%	18.34%
Return on Assets (ROA)	15.78%	15.63%	17.83%	17.12%	19.28%	16.85%	18.04%	19.08%	16.83%	12.86%
Return on Common Equity (ROCE)	18.84%	18.55%	20.90%	19.97%	20.93%	19.32%	20.41%	23.33%	21.60%	15.63%
Return on Equity Simple (ROE_SIMPLE)	17.77%	0.00%	17.51%	18.30%	19.89%	0.00%	19.53%	28.76%	27.78%	0.00%
Net Operating Profit after Tax (NOPAT)	321	302	387	402	397	354	415	407	375	267
NOPAT Margin	19.75%	19.98%	22.81%	21.68%	21.40%	20.45%	21.84%	21.39%	19.96%	14.75%
Net Nonoperating Expense Percent (NNEP)	0.06%	-0.02%	0.34%	0.40%	1.92%	0.43%	0.82%	0.90%	-0.23%	0.15%
Return On Investment Capital (ROIC_SIMPLE)	-	4.30%	-	-	-	4.30%	-	-	-	4.22%
Cost of Revenue to Revenue	48.67%	48.16%	47.15%	47.48%	47.00%	45.76%	45.91%	46.36%	46.85%	44.68%
SG&A Expenses to Revenue	25.60%	25.78%	24.30%	24.28%	25.50%	29.16%	25.55%	25.90%	27.64%	34.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.60%	25.78%	24.30%	24.28%	25.50%	29.16%	25.55%	25.90%	27.64%	34.28%
Earnings before Interest and Taxes (EBIT)	420	394	498	539	582	450	578	552	474	386
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	436	409	514	555	600	469	598	571	494	407
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.72	7.54	7.63	7.67	7.05	7.28	7.19	8.87	8.84	8.58
Price to Tangible Book Value (P/TBV)	10.97	12.08	11.87	11.56	11.10	11.13	10.77	17.26	17.51	15.91
Price to Revenue (P/Rev)	7.36	8.39	8.69	8.99	8.01	8.39	8.40	7.05	6.90	6.82
Price to Earnings (P/E)	37.83	44.45	43.58	41.89	35.43	36.75	36.82	30.84	31.83	33.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.64%	2.25%	2.29%	2.39%	2.82%	2.72%	2.72%	3.24%	3.14%	2.95%
Enterprise Value to Invested Capital (EV/IC)	10.53	11.70	12.41	12.64	10.89	11.56	11.60	10.14	10.24	10.41
Enterprise Value to Revenue (EV/Rev)	6.93	7.96	8.22	8.49	7.57	7.93	7.92	6.93	6.78	6.67
Enterprise Value to EBITDA (EV/EBITDA)	25.94	30.76	30.64	29.67	25.22	26.49	26.17	22.89	23.56	24.13
Enterprise Value to EBIT (EV/EBIT)	26.88	31.96	31.80	30.69	26.05	27.37	27.05	23.70	24.46	25.11
Enterprise Value to NOPAT (EV/NOPAT)	35.45	41.82	41.36	40.18	35.19	36.75	37.07	32.58	32.40	34.12
Enterprise Value to Operating Cash Flow (EV/OCF)	52.75	56.60	40.63	37.35	33.13	32.96	34.08	28.41	26.42	25.90
Enterprise Value to Free Cash Flow (EV/FCFF)	107.17	168.32	50.34	47.47	67.80	60.52	67.79	50.52	34.47	31.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.13	0.06
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.13	0.06
Financial Leverage	-0.44	-0.43	-0.41	-0.40	-0.39	-0.40	-0.42	-0.30	-0.29	-0.32
Leverage Ratio	1.20	1.18	1.19	1.19	1.19	1.18	1.19	1.26	1.27	1.23
Compound Leverage Factor	1.20	1.18	1.19	1.19	1.19	1.18	1.19	1.26	1.27	1.23
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.32%	11.47%	5.91%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.32%	11.47%	5.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	88.68%	88.53%	94.09%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.33	0.35	0.18
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.36	-0.41	-0.56
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.33	0.35	0.18
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.48	0.48	0.26
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.52	-0.57	-0.79
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.48	0.48	0.26
Altman Z-Score	22.73	28.05	25.59	27.64	25.41	26.97	26.72	16.97	16.24	20.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.19	4.76	4.46	4.86	4.51	4.81	4.91	3.41	3.13	3.32
Quick Ratio	3.30	3.68	3.58	3.97	3.60	3.83	4.01	2.52	2.34	2.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-493	-600	158	185	-319	-251	-296	-152	282	368
Operating Cash Flow to CapEx	1,256.88%	575.64%	1,073.64%	809.21%	1,921.14%	393.28%	628.05%	737.75%	1,346.10%	509.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.78	0.76	0.77	0.79	0.79	0.78	0.85	0.85	0.86
Accounts Receivable Turnover	6.55	6.60	5.82	5.33	6.07	6.46	5.73	5.48	5.89	6.20
Inventory Turnover	4.59	4.10	3.70	3.69	3.76	3.51	3.70	4.07	4.14	4.03
Fixed Asset Turnover	15.65	15.20	13.62	12.85	11.38	10.14	9.99	9.61	8.53	7.73
Accounts Payable Turnover	6.69	7.39	6.88	6.03	6.19	6.63	6.67	6.33	6.29	6.68
Days Sales Outstanding (DSO)	55.74	55.32	62.70	68.42	60.18	56.49	63.66	66.60	61.97	58.84
Days Inventory Outstanding (DIO)	79.45	88.97	98.68	98.79	97.10	104.02	98.62	89.79	88.10	90.54
Days Payable Outstanding (DPO)	54.56	49.37	53.08	60.52	58.94	55.02	54.75	57.67	58.01	54.64
Cash Conversion Cycle (CCC)	80.64	94.91	108.29	106.69	98.34	105.50	107.54	98.73	92.07	94.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,094	4,294	4,299	4,492	4,810	4,899	5,009	5,050	4,903	4,798
Invested Capital Turnover	1.69	1.64	1.55	1.53	1.56	1.55	1.58	1.55	1.53	1.55
Increase / (Decrease) in Invested Capital	814	903	230	217	716	605	710	558	93	-101
Enterprise Value (EV)	43,096	50,242	53,334	56,774	52,403	56,610	58,120	51,218	50,226	49,956
Market Capitalization	45,818	52,973	56,431	60,123	55,466	59,940	61,689	52,034	51,103	51,116
Book Value per Share	$12.94	$13.46	$14.16	$7.49	$7.52	$7.91	$8.24	$5.63	$5.90	$6.13
Tangible Book Value per Share	$7.93	$8.41	$9.10	$4.97	$4.77	$5.17	$5.51	$2.89	$2.98	$3.30
Total Capital	6,816	7,025	7,395	7,841	7,873	8,229	8,578	6,615	6,528	6,332
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	749	749	374
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	749	749	374
Net Debt	-2,722	-2,731	-3,097	-3,349	-3,063	-3,330	-3,569	-816	-876	-1,159
Capital Expenditures (CapEx)	36	52	40	42	27	110	66	59	46	91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	925	1,093	1,051	1,205	1,122	1,174	1,246	1,229	1,027	1,011
Debt-free Net Working Capital (DFNWC)	3,575	3,763	4,107	4,492	4,133	4,427	4,807	2,794	2,653	2,544
Net Working Capital (NWC)	3,575	3,763	4,107	4,492	4,133	4,427	4,807	2,794	2,653	2,544
Net Nonoperating Expense (NNE)	-1.65	0.63	-9.98	-12	-56	-13	-27	-19	4.55	-3.40
Net Nonoperating Obligations (NNO)	-2,722	-2,731	-3,097	-3,349	-3,063	-3,330	-3,569	-816	-876	-1,159
Total Depreciation and Amortization (D&A)	16	15	17	16	18	19	20	19	20	21
Debt-free, Cash-free Net Working Capital to Revenue	14.87%	17.33%	16.20%	18.00%	16.21%	16.44%	16.97%	16.64%	13.86%	13.49%
Debt-free Net Working Capital to Revenue	57.45%	59.62%	63.27%	67.13%	59.70%	62.01%	65.48%	37.83%	35.79%	33.95%
Net Working Capital to Revenue	57.45%	59.62%	63.27%	67.13%	59.70%	62.01%	65.48%	37.83%	35.79%	33.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.15	$0.38	$0.40	$0.43	$0.35	$0.42	$0.41	$0.38	$0.27
Adjusted Weighted Average Basic Shares Outstanding	1.05B	2.11B	1.04B	1.05B	1.05B	1.04B	1.04B	1.03B	975.84M	1.00B
Adjusted Diluted Earnings per Share	$0.30	$0.15	$0.38	$0.39	$0.43	$0.35	$0.42	$0.41	$0.38	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	1.07B	2.13B	1.06B	1.06B	1.06B	1.06B	1.05B	1.04B	983.17M	1.01B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.15	$0.00	$0.00	$0.00	$0.35	$0.00	$0.00	$0.00	$0.27
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.04B	1.04B	1.05B	1.05B	1.04B	1.04B	1.04B	979.54M	972.52M	973.16M
Normalized Net Operating Profit after Tax (NOPAT)	321	302	387	402	397	354	415	407	375	267
Normalized NOPAT Margin	19.75%	19.98%	22.81%	21.68%	21.40%	20.45%	21.84%	21.39%	19.96%	14.75%
Pre Tax Income Margin	25.86%	26.01%	29.29%	29.06%	31.35%	26.01%	30.42%	29.02%	25.20%	21.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	40.73%	64.70%	61.32%	39.39%	48.91%	40.40%	44.41%	225.40%	245.50%	249.95%

Frequently Asked Questions About Monster Beverage's Financials

When does Monster Beverage's financial year end?

According to the most recent income statement we have on file, Monster Beverage's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Monster Beverage's net income changed over the last 9 years?

Monster Beverage's net income appears to be on an upward trend, with a most recent value of $1.51 billion in 2024, rising from $546.73 million in 2015. The previous period was $1.63 billion in 2023. Check out Monster Beverage's forecast to explore projected trends and price targets.

What is Monster Beverage's operating income?

Monster Beverage's total operating income in 2024 was $1.93 billion, based on the following breakdown:

Total Gross Profit: $4.05 billion
Total Operating Expenses: $2.12 billion

How has Monster Beverage revenue changed over the last 9 years?

Over the last 9 years, Monster Beverage's total revenue changed from $2.72 billion in 2015 to $7.49 billion in 2024, a change of 175.2%.

How much debt does Monster Beverage have?

Monster Beverage's total liabilities were at $1.76 billion at the end of 2024, a 20.8% increase from 2023, and a 131.2% increase since 2015.

How much cash does Monster Beverage have?

In the past 9 years, Monster Beverage's cash and equivalents has ranged from $377.58 million in 2016 to $2.30 billion in 2023, and is currently $1.53 billion as of their latest financial filing in 2024.

How has Monster Beverage's book value per share changed over the last 9 years?

Over the last 9 years, Monster Beverage's book value per share changed from 23.72 in 2015 to 6.13 in 2024, a change of -74.2%.

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This page (NASDAQ:MNST) was last updated on 5/6/2025 by MarketBeat.com Staff

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Monster Beverage (MNST) Financials

Frequently Asked Questions About Monster Beverage's Financials

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Monster Beverage (MNST) Financials

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