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Monster Beverage (MNST) Financials

Monster Beverage logo
$64.24 +0.88 (+1.39%)
Closing price 04:00 PM Eastern
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$64.32 +0.09 (+0.13%)
As of 07:52 PM Eastern
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Annual Income Statements for Monster Beverage

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

Quarterly Income Statements for Monster Beverage

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

Annual Cash Flow Statements for Monster Beverage

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

Quarterly Cash Flow Statements for Monster Beverage

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

Annual Balance Sheets for Monster Beverage

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

Quarterly Balance Sheets for Monster Beverage

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

Annual Metrics And Ratios for Monster Beverage

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

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

Quarterly Metrics And Ratios for Monster Beverage

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

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

Frequently Asked Questions About Monster Beverage's Financials

When does Monster Beverage's fiscal year end?

According to the most recent income statement we have on file, Monster Beverage's financial year ends in December. Their financial 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. See Monster Beverage's forecast for analyst expectations on what’s next for the company.

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 5/27/2025 by MarketBeat.com Staff
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