Molson Coors Beverage (TAP.A) Financials

$55.16 -4.08 (-6.88%)

Closing price 02:09 PM Eastern

Extended Trading

$58.31 +3.15 (+5.70%)

As of 04:04 PM Eastern

Annual Income Statements for Molson Coors Beverage

This table shows Molson Coors 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	1,122	949	-175	1,006	-949	242	1,117	1,566	1,594	395
Consolidated Net Income / (Loss)	1,158	956	-187	1,009	-946	246	1,135	1,588	1,603	399
Net Income / (Loss) Continuing Operations	1,158	956	-187	1,009	-946	246	1,135	1,588	1,600	395
Total Pre-Tax Income	1,503	1,253	-63	1,239	-644	480	1,360	1,383	3,054	456
Total Operating Income	1,753	1,438	158	1,454	-409	764	1,632	1,678	3,323	567
Total Gross Profit	4,533	4,369	3,655	4,053	3,768	4,201	4,185	4,766	1,886	1,436
Total Revenue	13,734	13,885	12,808	12,450	11,724	13,009	13,338	13,472	6,597	3,568
Operating Revenue	13,734	13,885	12,808	12,450	11,724	13,009	13,338	13,472	6,597	3,568
Total Cost of Revenue	9,201	9,516	9,152	8,397	7,956	8,808	9,153	8,705	4,711	2,132
Operating Cost of Revenue	9,201	9,516	9,152	8,397	7,956	8,808	9,153	8,705	4,711	2,132
Total Operating Expenses	2,783	2,943	3,502	2,599	4,177	3,437	2,553	3,088	-1,437	869
Selling, General & Admin Expense	2,718	2,780	2,619	2,555	2,693	2,728	2,803	3,052	1,597	1,038
Other Operating Expenses / (Income)	65	163	39	45	-	-	-	-	-	-
Impairment Charge	0.00	0.00	845	0.00	1,484	-	-	-	-	-
Total Other Income / (Expense), net	-248	-174	-215	-215	-235	-285	-272	-295	-269	-111
Interest Expense	283	234	251	260	275	281	306	349	272	120
Interest & Investment Income	38	37	9.00	2.00	3.30	11	8.00	6.00	27	8.30
Other Income / (Expense), net	-2.90	23	26	43	36	-15	26	49	-24	0.90
Income Tax Expense	345	296	124	231	302	234	225	-205	1,454	62
Net Income / (Loss) Attributable to Noncontrolling Interest	35	7.50	-11	2.80	3.30	4.50	18	22	5.90	3.30
Basic Earnings per Share	$5.38	$4.39	($0.81)	$4.63	($4.38)	$1.12	-	-	-	$2.13
Weighted Average Basic Shares Outstanding	208.80M	216M	216.90M	217.10M	216.80M	216.60M	216M	215.40M	212M	185.30M
Diluted Earnings per Share	$5.35	$4.37	($0.81)	$4.62	($4.38)	$1.11	-	-	-	$2.12
Weighted Average Diluted Shares Outstanding	209.90M	217.30M	216.90M	217.60M	216.80M	216.90M	216.60M	216.50M	213.40M	186.40M
Weighted Average Basic & Diluted Shares Outstanding	192.72M	200.57M	202.59M	203.16M	216.80M	216.38M	216.17M	219.90M	213.80M	185.30M
Cash Dividends to Common per Share	$1.76	$1.64	$1.52	$0.68	$0.57	$1.96	$1.64	$1.64	$0.00	$1.64

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	121	288	200	427	208	103	431	342	73	-591	216
Consolidated Net Income / (Loss)	123	294	229	425	210	106	432	346	73	-590	218
Net Income / (Loss) Continuing Operations	123	294	229	425	210	106	432	346	73	-590	218
Total Pre-Tax Income	156	346	331	560	265	166	544	441	102	-564	273
Total Operating Income	186	388	451	600	314	199	592	489	158	-512	330
Total Gross Profit	851	1,038	1,203	1,330	964	1,033	1,346	1,219	771	924	984
Total Revenue	2,690	3,244	3,603	3,838	3,049	3,333	3,906	3,871	2,775	3,145	3,517
Operating Revenue	2,690	3,244	3,603	3,838	3,049	3,333	3,906	3,871	2,775	3,145	3,517
Total Cost of Revenue	1,839	2,206	2,401	2,508	2,086	2,300	2,559	2,652	2,004	2,222	2,534
Operating Cost of Revenue	1,839	2,206	2,401	2,508	2,086	2,300	2,559	2,652	2,004	2,222	2,534
Total Operating Expenses	669	652	751	730	649	846	754	730	613	1,440	654
Selling, General & Admin Expense	653	650	685	729	655	683	747	735	615	548	660
Other Operating Expenses / (Income)	16	2.40	67	1.80	-5.40	163	7.20	-4.50	-2.50	-	-6.40
Total Other Income / (Expense), net	-30	-39	-120	-40	-49	-22	-48	-47	-56	-48	-57
Interest & Investment Income	-52	231	-93	-51	-48	200	-49	-55	-59	198	-59
Other Income / (Expense), net	27	13	-27	12	-0.50	12	0.60	7.20	2.80	5.10	1.60
Income Tax Expense	33	53	103	135	56	60	112	95	29	26	55
Net Income / (Loss) Attributable to Noncontrolling Interest	2.10	5.90	29	-1.70	2.10	2.20	0.90	3.70	0.70	0.70	1.70
Basic Earnings per Share	$0.60	$1.41	$0.96	$2.03	$0.98	$0.49	$1.99	$1.58	$0.33	-	$1.00
Weighted Average Basic Shares Outstanding	203M	208.80M	207.20M	210M	212.70M	216M	216.10M	216.40M	216.50M	216.90M	216.80M
Diluted Earnings per Share	$0.59	$1.39	$0.96	$2.03	$0.97	$0.49	$1.98	$1.57	$0.33	-	$0.99
Weighted Average Diluted Shares Outstanding	204M	209.90M	208M	210.80M	214.20M	217.30M	217.60M	217.80M	217.30M	216.90M	217.60M
Weighted Average Basic & Diluted Shares Outstanding	192.40M	192.72M	196.13M	195.15M	199.83M	200.57M	203.56M	203.52M	202.95M	202.59M	202.71M
Cash Dividends to Common per Share	$0.47	-	$0.44	-	-	-	-	-	-	-	$0.38

This table details how cash moves in and out of Molson Coors 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	100	269	-37	-133	247	-543	653	-168	158	-150
Net Cash From Operating Activities	1,910	2,079	1,502	1,574	1,696	1,897	2,331	1,866	1,127	716
Net Cash From Continuing Operating Activities	1,910	2,075	1,502	1,574	1,696	1,897	2,331	1,866	1,127	720
Net Income / (Loss) Continuing Operations	1,158	956	-187	1,009	-946	246	1,135	1,588	1,600	399
Consolidated Net Income / (Loss)	1,158	956	-187	1,009	-946	246	1,135	1,588	1,600	399
Depreciation Expense	759	683	685	786	922	859	858	813	388	314
Amortization Expense	5.30	5.70	251	260	274	286	13	23	329	11
Non-Cash Adjustments To Reconcile Net Income	243	350	936	-445	1,369	534	481	-264	-1,363	224
Changes in Operating Assets and Liabilities, net	-255	80	-183	-36	76	-28	-154	-293	173	-229
Net Cash From Investing Activities	-648	-842	-625	-510	-414	-433	-669	-538	-12,287	-335
Net Cash From Continuing Investing Activities	-648	-842	-625	-510	-414	-433	-669	-538	-12,287	-335
Purchase of Property, Plant & Equipment	-674	-672	-661	-523	-575	-594	-652	-600	-342	-275
Acquisitions	-8.60	-64	0.00	0.00	-	-	0.00	-	-11,961	-91
Sale of Property, Plant & Equipment	25	11	32	26	159	116	33	61	175	12
Other Investing Activities, net	10	-117	4.10	-13	2.40	45	-50	0.90	8.50	21
Net Cash From Financing Activities	-1,138	-981	-890	-1,172	-1,070	-2,007	-1,009	-1,496	11,318	-532
Net Cash From Continuing Financing Activities	-1,138	-981	-890	-1,172	-1,070	-2,007	-1,009	-1,496	11,318	-532
Repayment of Debt	-990	-428	-516	-1,029	-951	-1,587	-694	-3,057	-327	-820
Repurchase of Common Equity	-643	-206	-52	0.00	0.00	-	0.00	-	0.00	-150
Payment of Dividends	-369	-355	-329	-148	-125	-424	-354	-353	-353	-303
Issuance of Debt	864	7.00	7.00	0.00	1.50	3.00	23	1,910	9,461	707
Other Net Changes in Cash	-24	13	-	-	-	-	-	-	-	-
Cash Interest Paid	216	229	-	-	-	-	-	-	-	-
Cash Income Taxes Paid	227	245	-	-	-	-	-	-	-	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-557	-52	-626	1,189	-411	67	-159	633	-272	75	83
Net Cash From Operating Activities	-91	495	521	869	25	475	710	891	3.40	385	451
Net Cash From Continuing Operating Activities	-91	494	521	869	25	470	710	891	3.40	385	451
Net Income / (Loss) Continuing Operations	123	294	229	425	210	106	432	346	73	-590	218
Consolidated Net Income / (Loss)	123	294	229	425	210	106	432	346	73	-590	218
Depreciation Expense	180	247	175	168	169	174	169	168	172	169	170
Amortization Expense	61	-169	171	-53	55	-173	176	-58	61	59	187
Non-Cash Adjustments To Reconcile Net Income	-72	157	-0.20	99	-13	371	-199	182	-4.90	864	-113
Changes in Operating Assets and Liabilities, net	-383	-36	-54	230	-396	-7.60	133	253	-298	-119	-12
Net Cash From Investing Activities	-341	-118	-149	-169	-213	-173	-328	-163	-177	-120	-135
Net Cash From Continuing Investing Activities	-341	-118	-149	-169	-213	-173	-328	-163	-177	-120	-135
Purchase of Property, Plant & Equipment	-237	-111	-171	-178	-215	-177	-159	-154	-181	-131	-142
Acquisitions	-21	-8.60	-	-	-	0.20	-	-	-	-	-
Sale of Property, Plant & Equipment	2.30	9.60	4.60	8.60	1.70	3.60	1.80	0.90	4.60	10	7.10
Other Investing Activities, net	-86	-7.60	17	-	0.50	0.40	-107	-10	-0.60	0.40	-0.50
Net Cash From Financing Activities	-131	-394	-1,030	502	-216	-253	-527	-99	-103	-217	-203
Net Cash From Continuing Financing Activities	-131	-394	-1,030	502	-216	-253	-527	-99	-103	-217	-203
Repayment of Debt	28	-98	-877	-8.60	-5.80	-20	-404	-2.60	-1.40	-119	-111
Repurchase of Common Equity	-60	-206	-62	-262	-114	-145	-34	-12	-15	-13	-13
Payment of Dividends	-99	-90	-91	-92	-97	-88	-89	-89	-90	-82	-82
Effect of Exchange Rate Changes	6.60	-	33	-13	-7.20	-	-15	4.30	4.70	27	-29

This table presents Molson Coors 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	26,064	26,375	25,868	27,619	27,331	28,860	30,110	30,247	29,342	12,276
Total Current Assets	2,848	2,849	2,638	2,779	2,419	2,184	2,766	2,190	2,170	1,259
Cash & Equivalents	969	869	600	637	770	523	1,058	419	561	431
Accounts Receivable	843	879	866	879	687	820	871	902	805	526
Inventories, net	728	802	793	805	664	616	592	592	593	179
Other Current Assets	308	298	379	457	297	225	246	278	211	123
Plant, Property, & Equipment, net	4,460	4,445	4,223	0.00	0.00	4,547	4,608	4,674	4,507	1,591
Total Noncurrent Assets	18,756	19,082	19,008	24,840	24,912	22,129	22,735	23,384	22,665	9,447
Goodwill	5,582	5,325	5,292	6,153	6,151	7,631	8,261	8,406	8,250	1,983
Intangible Assets	12,195	12,615	12,800	13,287	13,556	13,656	13,776	14,297	14,032	4,746
Other Noncurrent Operating Assets	978	1,142	916	5,401	5,205	842	698	682	383	257
Total Liabilities & Shareholders' Equity	26,064	26,375	25,868	27,619	27,331	28,860	30,110	30,247	29,342	12,276
Total Liabilities	12,612	12,940	12,953	13,955	14,710	15,187	16,374	17,060	17,720	5,213
Total Current Liabilities	3,045	4,093	3,375	3,622	3,910	3,696	4,301	3,399	3,158	1,217
Short-Term Debt	32	912	397	515	1,020	928	1,595	715	685	29
Accounts Payable	3,013	3,181	2,978	3,107	2,890	2,767	2,706	2,685	2,468	1,184
Total Noncurrent Liabilities	9,566	8,847	9,578	10,333	10,800	11,491	12,073	13,660	14,562	4,004
Long-Term Debt	6,114	5,312	6,165	6,647	7,208	8,110	8,894	10,599	11,388	2,909
Noncurrent Deferred & Payable Income Tax Liabilities	2,733	2,697	2,646	2,705	2,382	2,259	2,129	1,896	1,699	808
Noncurrent Employee Benefit Liabilities	417	466	473	654	763	717	727	849	1,196	202
Other Noncurrent Operating Liabilities	302	372	293	327	447	407	324	317	267	75
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	169	28	0.00	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	13,284	13,407	12,915	13,664	12,621	13,673	13,736	13,187	11,622	7,063
Total Preferred & Common Equity	13,092	13,196	12,690	13,417	12,365	13,419	13,507	12,978	11,419	7,043
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	13,092	13,196	12,690	13,417	12,365	13,419	13,507	12,978	11,419	7,043
Common Stock	7,226	7,111	7,009	6,973	6,940	7,436	7,436	7,351	6,637	4,713
Retained Earnings	8,238	7,484	6,894	7,402	6,544	7,617	7,693	6,958	6,145	4,496
Treasury Stock	-1,381	-736	-523	-471	-471	-471	-471	-471	-471	-471
Accumulated Other Comprehensive Income / (Loss)	-1,362	-1,116	-1,206	-1,006	-1,168	-1,162	-1,150	-860	-1,572	-1,695
Other Equity Adjustments	372	453	516	520	520	-	-	-	679	-
Noncontrolling Interest	192	211	226	247	256	254	228	209	203	20

This table presents Molson Coors 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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	25,931	26,064	26,635	27,394	26,072	26,375	26,568	26,790	25,853	25,868	26,709
Total Current Assets	2,564	2,848	3,230	4,038	2,677	2,849	3,088	3,329	2,552	2,638	2,749
Cash & Equivalents	413	969	1,022	1,647	458	869	802	961	328	600	525
Accounts Receivable	909	843	1,018	1,205	1,016	879	1,080	1,144	925	866	989
Inventories, net	871	728	833	849	871	802	853	863	916	793	867
Other Current Assets	371	308	356	337	332	298	353	361	382	379	369
Plant, Property, & Equipment, net	4,506	4,460	4,497	4,473	4,443	4,445	4,268	4,338	4,270	4,223	0.00
Total Noncurrent Assets	18,861	18,756	18,909	18,884	18,952	19,082	19,212	19,122	19,031	19,008	23,959
Goodwill	5,582	5,582	5,318	5,322	5,321	5,325	5,321	5,296	5,292	5,292	6,133
Intangible Assets	12,205	12,195	12,408	12,394	12,472	12,615	12,712	12,807	12,799	12,800	12,663
Other Noncurrent Operating Assets	1,075	978	1,183	1,168	1,159	1,142	1,179	1,019	939	916	5,163
Total Liabilities & Shareholders' Equity	25,931	26,064	26,635	27,394	26,072	26,375	26,568	26,790	25,853	25,868	26,709
Total Liabilities	12,479	12,612	13,068	13,979	12,714	12,940	13,080	13,533	12,934	12,953	13,312
Total Current Liabilities	2,866	3,045	3,248	4,236	3,863	4,093	4,238	3,830	3,306	3,375	3,591
Short-Term Debt	83	32	38	894	906	912	879	423	413	397	505
Accounts Payable	2,783	3,013	3,211	3,342	2,958	3,181	3,359	3,407	2,894	2,978	3,086
Total Noncurrent Liabilities	9,613	9,566	9,819	9,742	8,851	8,847	8,843	9,703	9,627	9,578	9,721
Long-Term Debt	6,155	6,114	6,203	6,162	5,312	5,312	5,301	6,192	6,178	6,165	6,083
Noncurrent Deferred & Payable Income Tax Liabilities	2,738	2,733	2,795	2,760	2,707	2,697	2,707	2,671	2,659	2,646	2,728
Noncurrent Employee Benefit Liabilities	414	417	453	455	459	466	463	469	470	473	625
Other Noncurrent Operating Liabilities	306	302	369	365	373	372	372	371	321	293	285
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	166	169	42	27	27	28	28	-	-	0.00	-
Total Equity & Noncontrolling Interests	13,286	13,284	13,526	13,389	13,331	13,407	13,460	13,257	12,919	12,915	13,397
Total Preferred & Common Equity	13,090	13,092	13,345	13,180	13,120	13,196	13,246	13,031	12,697	12,690	13,170
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	13,090	13,092	13,345	13,180	13,120	13,196	13,246	13,031	12,697	12,690	13,170
Common Stock	7,225	7,226	7,213	7,122	7,109	7,111	7,102	7,062	7,028	7,009	6,996
Retained Earnings	8,263	8,238	8,040	7,932	7,597	7,484	7,470	7,129	6,877	6,894	7,567
Treasury Stock	-1,441	-1,381	-1,173	-1,110	-847	-736	-584	-550	-538	-523	-510
Accumulated Other Comprehensive Income / (Loss)	-1,325	-1,362	-1,107	-1,217	-1,193	-1,116	-1,199	-1,093	-1,171	-1,206	-1,403
Other Equity Adjustments	368	372	372	453	453	453	457	483	500	516	519
Noncontrolling Interest	196	192	180	209	211	211	214	226	223	226	226

This table displays calculated financial ratios and metrics derived from Molson Coors 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	-1.08%	8.41%	2.87%	6.19%	-9.88%	-2.47%	-0.99%	104.19%	84.93%	-39.81%
EBITDA Growth	17.00%	92.07%	-56.00%	208.89%	-56.54%	-25.06%	-1.34%	-36.19%	349.38%	-24.14%
EBIT Growth	19.79%	694.94%	-87.72%	501.85%	-149.70%	-54.78%	-3.97%	-47.66%	480.62%	-21.10%
NOPAT Growth	22.97%	896.10%	-90.69%	513.59%	-172.99%	-71.20%	-29.30%	10.65%	254.67%	-23.44%
Net Income Growth	21.05%	612.82%	-118.49%	206.64%	-484.12%	-78.30%	-28.54%	-0.92%	302.16%	-23.04%
EPS Growth	22.43%	639.51%	-117.53%	205.48%	-494.59%	0.00%	0.00%	0.00%	0.00%	-23.19%
Operating Cash Flow Growth	-8.11%	38.42%	-4.54%	-7.21%	-10.63%	-18.62%	24.92%	65.61%	57.41%	-44.41%
Free Cash Flow Firm Growth	27.45%	-16.60%	32.30%	-41.01%	32.88%	-39.81%	129.00%	106.98%	-1,117.74%	-32.71%
Invested Capital Growth	-0.85%	-0.46%	-6.50%	0.54%	-9.50%	-4.23%	-3.80%	4.02%	223.57%	-11.28%
Revenue Q/Q Growth	-0.65%	1.37%	-0.38%	-8.59%	12.18%	0.51%	-13.17%	8.38%	92.04%	-34.88%
EBITDA Q/Q Growth	11.86%	29.60%	-44.56%	126.23%	-65.60%	28.18%	6.71%	-51.29%	256.38%	-23.00%
EBIT Q/Q Growth	12.13%	96.65%	-78.98%	3,597.04%	-131.57%	22.98%	-5.81%	-56.07%	279.84%	-6.33%
NOPAT Q/Q Growth	17.73%	202.40%	-83.37%	25,141.53%	-136.58%	44.98%	-36.01%	14.50%	100.92%	-4.66%
Net Income Q/Q Growth	19.41%	266.30%	-138.40%	325.21%	-259.72%	55.82%	-38.38%	-14.94%	162.46%	-5.90%
EPS Q/Q Growth	20.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.19%
Operating Cash Flow Q/Q Growth	1.06%	4.52%	5.53%	7.03%	-19.34%	3.79%	-7.20%	13.65%	29.96%	1.04%
Free Cash Flow Firm Q/Q Growth	23.19%	24.02%	6.81%	-16.93%	12.79%	-29.12%	-0.02%	106.56%	-1,394.99%	-15.50%
Invested Capital Q/Q Growth	-0.84%	-0.40%	-2.99%	0.31%	-6.24%	-0.28%	-3.12%	0.08%	220.63%	-4.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.01%	31.47%	28.54%	32.56%	32.14%	32.29%	31.38%	35.38%	28.59%	40.25%
EBITDA Margin	18.31%	15.48%	8.74%	20.43%	7.02%	14.56%	18.95%	19.02%	60.87%	25.05%
Operating Margin	12.77%	10.36%	1.23%	11.68%	-3.49%	5.88%	12.23%	12.45%	50.36%	15.90%
EBIT Margin	12.74%	10.52%	1.44%	12.03%	-3.18%	5.76%	12.43%	12.82%	50.00%	15.92%
Profit (Net Income) Margin	8.43%	6.89%	-1.46%	8.10%	-8.07%	1.89%	8.51%	11.79%	24.29%	11.17%
Tax Burden Percent	77.03%	76.36%	298.40%	81.40%	146.87%	51.30%	83.44%	114.79%	52.47%	87.37%
Interest Burden Percent	85.87%	85.72%	-34.00%	82.75%	172.81%	64.01%	82.01%	80.12%	92.59%	80.29%
Effective Tax Rate	22.97%	23.64%	0.00%	18.60%	0.00%	48.70%	16.56%	-14.79%	47.62%	13.48%
Return on Invested Capital (ROIC)	7.22%	5.83%	0.56%	5.88%	-1.35%	1.73%	5.76%	8.15%	11.49%	6.45%
ROIC Less NNEP Spread (ROIC-NNEP)	3.56%	3.33%	-4.19%	3.37%	-9.61%	0.10%	3.53%	5.14%	9.11%	-61.76%
Return on Net Nonoperating Assets (RNNOA)	1.39%	1.43%	-1.97%	1.79%	-5.84%	0.07%	2.67%	4.65%	5.67%	-1.12%
Return on Equity (ROE)	8.61%	7.26%	-1.40%	7.67%	-7.19%	1.80%	8.43%	12.80%	17.15%	5.33%
Cash Return on Invested Capital (CROIC)	8.08%	6.30%	7.28%	5.34%	8.62%	6.05%	9.64%	4.21%	-94.08%	18.41%
Operating Return on Assets (OROA)	6.68%	5.59%	0.69%	5.45%	-1.33%	2.54%	5.49%	5.79%	15.85%	4.33%
Return on Assets (ROA)	4.42%	3.66%	-0.70%	3.67%	-3.37%	0.84%	3.76%	5.33%	7.70%	3.04%
Return on Common Equity (ROCE)	8.42%	7.13%	-1.38%	7.53%	-7.05%	1.76%	8.29%	12.59%	16.95%	5.32%
Return on Equity Simple (ROE_SIMPLE)	8.84%	7.25%	-1.47%	7.52%	-7.65%	1.83%	8.40%	12.23%	14.03%	5.66%
Net Operating Profit after Tax (NOPAT)	1,350	1,098	110	1,184	-286	392	1,362	1,926	1,740	491
NOPAT Margin	9.83%	7.91%	0.86%	9.51%	-2.44%	3.01%	10.21%	14.30%	26.38%	13.76%
Net Nonoperating Expense Percent (NNEP)	3.66%	2.51%	4.75%	2.51%	8.26%	1.63%	2.23%	3.02%	2.37%	68.21%
Return On Investment Capital (ROIC_SIMPLE)	6.95%	5.59%	0.57%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	66.99%	68.53%	71.46%	67.44%	67.86%	67.71%	68.63%	64.62%	71.41%	59.75%
SG&A Expenses to Revenue	19.79%	20.02%	20.45%	20.52%	22.97%	20.97%	21.01%	22.66%	24.21%	29.10%
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	20.26%	21.19%	27.35%	20.88%	35.63%	26.42%	19.14%	22.93%	-21.78%	24.35%
Earnings before Interest and Taxes (EBIT)	1,750	1,461	184	1,497	-373	750	1,658	1,727	3,299	568
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,515	2,150	1,119	2,544	824	1,895	2,528	2,563	4,016	894
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.86	0.92	0.78	0.65	0.73	0.79	0.78	1.16	1.53	2.03
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	45.43
Price to Revenue (P/Rev)	0.82	0.87	0.77	0.70	0.77	0.81	0.79	1.12	2.65	4.00
Price to Earnings (P/E)	10.02	12.73	0.00	8.71	0.00	43.73	9.48	9.63	10.98	36.10
Dividend Yield	3.07%	2.76%	3.13%	1.58%	5.12%	4.01%	3.34%	2.34%	2.01%	2.12%
Earnings Yield	9.98%	7.85%	0.00%	11.48%	0.00%	2.29%	10.55%	10.39%	9.11%	2.77%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.94	0.85	0.77	0.83	0.87	0.87	1.09	1.26	2.01
Enterprise Value to Revenue (EV/Rev)	1.22	1.27	1.25	1.25	1.42	1.49	1.52	1.94	4.43	4.02
Enterprise Value to EBITDA (EV/EBITDA)	6.67	8.22	14.33	6.11	20.27	10.21	8.01	10.22	7.28	16.06
Enterprise Value to EBIT (EV/EBIT)	9.59	12.10	87.25	10.38	0.00	25.79	12.21	15.16	8.86	25.26
Enterprise Value to NOPAT (EV/NOPAT)	12.43	16.10	145.46	13.12	0.00	49.31	14.87	13.59	16.79	29.25
Enterprise Value to Operating Cash Flow (EV/OCF)	8.78	8.50	10.68	9.87	9.84	10.19	8.68	14.03	25.93	20.05
Enterprise Value to Free Cash Flow (EV/FCFF)	11.10	14.91	11.28	14.46	9.16	14.11	8.89	26.32	0.00	10.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.46	0.51	0.52	0.65	0.66	0.76	0.86	1.04	0.42
Long-Term Debt to Equity	0.45	0.40	0.48	0.49	0.57	0.59	0.65	0.80	0.98	0.41
Financial Leverage	0.39	0.43	0.47	0.53	0.61	0.65	0.75	0.90	0.62	0.02
Leverage Ratio	1.95	1.98	2.01	2.09	2.14	2.15	2.24	2.40	2.23	1.76
Compound Leverage Factor	1.67	1.70	-0.68	1.73	3.69	1.38	1.84	1.92	2.06	1.41
Debt to Total Capital	31.36%	31.66%	33.69%	34.39%	39.47%	39.79%	43.30%	46.18%	50.95%	29.37%
Short-Term Debt to Total Capital	0.16%	4.64%	2.04%	2.47%	4.89%	4.09%	6.58%	2.92%	2.89%	0.29%
Long-Term Debt to Total Capital	31.20%	27.02%	31.65%	31.92%	34.57%	35.71%	36.71%	43.26%	48.06%	29.09%
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	1.84%	1.22%	1.16%	1.19%	1.23%	1.12%	0.94%	0.85%	0.86%	0.20%
Common Equity to Total Capital	66.80%	67.12%	65.15%	64.42%	59.31%	59.09%	55.76%	52.97%	48.19%	70.43%
Debt to EBITDA	2.44	2.90	5.86	2.82	9.99	4.77	4.15	4.42	3.01	3.29
Net Debt to EBITDA	2.06	2.49	5.33	2.57	9.06	4.49	3.73	4.25	2.87	0.07
Long-Term Debt to EBITDA	2.43	2.47	5.51	2.61	8.75	4.28	3.52	4.14	2.84	3.26
Debt to NOPAT	4.55	5.67	59.52	6.05	-28.75	23.05	7.70	5.87	6.94	5.99
Net Debt to NOPAT	3.83	4.88	54.08	5.51	-26.06	21.71	6.93	5.66	6.61	0.13
Long-Term Debt to NOPAT	4.53	4.84	55.92	5.62	-25.18	20.68	6.53	5.50	6.54	5.93
Altman Z-Score	1.72	1.61	1.31	1.35	1.02	1.26	1.31	1.44	1.44	2.60
Noncontrolling Interest Sharing Ratio	2.23%	1.76%	1.78%	1.91%	1.94%	1.76%	1.62%	1.66%	1.19%	0.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.94	0.70	0.78	0.77	0.62	0.59	0.64	0.64	0.69	1.03
Quick Ratio	0.60	0.43	0.43	0.42	0.37	0.36	0.45	0.39	0.43	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,511	1,186	1,422	1,075	1,822	1,371	2,278	995	-14,256	1,401
Operating Cash Flow to CapEx	294.07%	314.71%	238.72%	316.85%	407.62%	397.01%	376.50%	346.19%	673.58%	272.00%
Free Cash Flow to Firm to Interest Expense	5.35	5.07	5.67	4.13	6.63	4.88	7.44	2.85	-52.49	11.64
Operating Cash Flow to Interest Expense	6.76	8.88	5.99	6.04	6.18	6.75	7.61	5.34	4.15	5.95
Operating Cash Flow Less CapEx to Interest Expense	4.46	6.06	3.48	4.14	4.66	5.05	5.59	3.80	3.53	3.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.53	0.48	0.45	0.42	0.44	0.44	0.45	0.32	0.27
Accounts Receivable Turnover	15.95	15.91	14.67	15.90	15.56	15.38	15.05	15.78	9.91	6.77
Inventory Turnover	12.03	11.93	11.46	11.43	12.43	14.59	15.47	14.70	12.21	10.51
Fixed Asset Turnover	3.08	3.20	0.00	0.00	0.00	2.84	2.87	2.93	2.16	2.11
Accounts Payable Turnover	2.97	3.09	3.01	2.80	2.81	3.22	3.40	3.38	2.58	1.71
Days Sales Outstanding (DSO)	22.89	22.94	24.87	22.96	23.47	23.73	24.26	23.13	36.82	53.90
Days Inventory Outstanding (DIO)	30.35	30.59	31.86	31.93	29.37	25.02	23.59	24.83	29.90	34.72
Days Payable Outstanding (DPO)	122.85	118.12	121.35	130.34	129.77	113.42	107.49	108.01	141.47	213.13
Cash Conversion Cycle (CCC)	-69.62	-64.59	-64.62	-75.45	-76.93	-64.67	-59.63	-60.06	-74.74	-124.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	18,630	18,790	18,878	20,189	20,080	22,187	23,166	24,082	23,151	7,155
Invested Capital Turnover	0.73	0.74	0.66	0.62	0.55	0.57	0.56	0.57	0.44	0.47
Increase / (Decrease) in Invested Capital	-161	-87	-1,311	109	-2,108	-979	-916	931	15,996	-910
Enterprise Value (EV)	16,779	17,676	16,037	15,534	16,692	19,338	20,246	26,177	29,220	14,351
Market Capitalization	11,242	12,082	9,849	8,763	8,977	10,570	10,587	15,074	17,506	14,266
Book Value per Share	$66.75	$64.83	$62.60	$66.05	$57.07	$62.02	$62.60	$60.25	$53.14	$38.17
Tangible Book Value per Share	($23.89)	($23.31)	($26.65)	($29.64)	($33.88)	($36.37)	($39.53)	($45.14)	($50.56)	$1.70
Total Capital	19,599	19,659	19,478	20,826	20,850	22,711	24,224	24,501	23,694	10,001
Total Debt	6,146	6,224	6,562	7,162	8,228	9,038	10,488	11,314	12,073	2,937
Total Long-Term Debt	6,114	5,312	6,165	6,647	7,208	8,110	8,894	10,599	11,388	2,909
Net Debt	5,177	5,355	5,962	6,525	7,458	8,514	9,430	10,895	11,512	66
Capital Expenditures (CapEx)	650	661	629	497	416	478	619	539	167	263
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,134	-1,201	-940	-966	-1,241	-1,106	-998	-913	-864	-361
Debt-free Net Working Capital (DFNWC)	-165	-332	-340	-329	-471	-583	60	-495	-303	70
Net Working Capital (NWC)	-197	-1,244	-737	-844	-1,491	-1,511	-1,535	-1,210	-988	42
Net Nonoperating Expense (NNE)	193	142	297	175	659	146	227	338	138	92
Net Nonoperating Obligations (NNO)	5,177	5,355	5,962	6,525	7,458	8,514	9,430	10,895	11,529	92
Total Depreciation and Amortization (D&A)	765	689	935	1,046	1,196	1,145	870	836	717	326
Debt-free, Cash-free Net Working Capital to Revenue	-8.26%	-8.65%	-7.34%	-7.76%	-10.58%	-8.50%	-7.48%	-6.78%	-13.10%	-10.11%
Debt-free Net Working Capital to Revenue	-1.20%	-2.39%	-2.66%	-2.64%	-4.01%	-4.48%	0.45%	-3.67%	-4.59%	1.97%
Net Working Capital to Revenue	-1.43%	-8.96%	-5.76%	-6.78%	-12.72%	-11.62%	-11.51%	-8.98%	-14.97%	1.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.38	$4.39	($0.81)	$4.63	$0.00	$0.00	$0.00	$6.57	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	208.80M	216M	216.90M	217.10M	216.80M	216.60M	216M	215.40M	0.00	0.00
Adjusted Diluted Earnings per Share	$5.35	$4.37	($0.81)	$4.62	$0.00	$0.00	$0.00	$6.53	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	209.90M	217.30M	216.90M	217.60M	216.80M	216.90M	216.60M	216.50M	0.00	0.00
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	192.72M	200.57M	202.59M	203.16M	216.78M	216.38M	216.17M	215.56M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,350	1,098	702	1,184	753	756	1,153	1,200	151	344
Normalized NOPAT Margin	9.83%	7.91%	5.48%	9.51%	6.42%	5.81%	8.65%	8.91%	2.29%	9.64%
Pre Tax Income Margin	10.94%	9.02%	-0.49%	9.95%	-5.49%	3.69%	10.19%	10.27%	46.29%	12.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.19	6.24	0.73	5.75	-1.36	2.67	5.41	4.94	12.14	4.72
NOPAT to Interest Expense	4.78	4.69	0.44	4.55	-1.04	1.40	4.45	5.51	6.41	4.08
EBIT Less CapEx to Interest Expense	3.89	3.42	-1.78	3.84	-2.87	0.97	3.39	3.40	11.53	2.53
NOPAT Less CapEx to Interest Expense	2.48	1.87	-2.07	2.64	-2.56	-0.31	2.42	3.97	5.79	1.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.89%	37.09%	-176.57%	14.66%	-13.25%	172.38%	31.22%	22.26%	22.02%	76.14%
Augmented Payout Ratio	87.47%	58.61%	-204.18%	14.66%	-13.25%	172.38%	31.22%	22.26%	22.02%	113.80%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-11.78%	-2.69%	-7.74%	-0.85%	9.89%	5.97%	11.04%	10.56%	4.97%	-1.53%	2.39%
EBITDA Growth	-6.11%	125.11%	-17.72%	19.86%	36.70%	176.68%	35.99%	159.44%	-17.05%	-144.70%	12.09%
EBIT Growth	-32.15%	89.46%	-28.39%	23.28%	94.91%	141.78%	78.72%	307.98%	-32.10%	-374.82%	-39.01%
NOPAT Growth	-40.97%	159.08%	-33.70%	18.83%	118.73%	135.48%	78.16%	283.67%	-35.96%	-388.42%	-47.44%
Net Income Growth	-41.35%	178.39%	-46.99%	22.88%	186.75%	117.89%	97.89%	622.55%	-46.69%	-815.78%	-51.94%
EPS Growth	-39.18%	183.67%	-51.52%	29.30%	193.94%	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-457.09%	4.22%	-26.60%	-2.45%	647.06%	23.41%	57.55%	13.34%	102.85%	25.74%	-13.19%
Free Cash Flow Firm Growth	-104.06%	128.38%	-63.20%	-62.27%	-81.16%	-77.50%	14.05%	397.64%	95,067.72%	6,312.51%	-47.97%
Invested Capital Growth	0.83%	-0.85%	-0.42%	-0.46%	-0.33%	-0.46%	-3.05%	-5.28%	-7.45%	-6.50%	-3.32%
Revenue Q/Q Growth	-17.06%	-9.98%	-6.12%	25.87%	-8.51%	-14.66%	0.89%	39.51%	-11.78%	-10.58%	0.46%
EBITDA Q/Q Growth	-5.25%	-37.78%	6.18%	34.91%	39.03%	-77.26%	54.67%	53.87%	241.67%	-140.33%	195.07%
EBIT Q/Q Growth	-46.89%	-5.56%	-30.54%	94.74%	48.30%	-64.31%	19.59%	207.89%	131.79%	-252.70%	173.00%
NOPAT Q/Q Growth	-55.42%	5.66%	-31.60%	83.23%	95.66%	-72.96%	22.58%	237.28%	131.73%	-235.80%	163.98%
Net Income Q/Q Growth	-58.09%	28.37%	-46.20%	102.62%	98.96%	-75.56%	24.70%	372.81%	112.41%	-370.43%	355.32%
EPS Q/Q Growth	-57.55%	44.79%	-52.71%	109.28%	97.96%	-75.25%	26.11%	375.76%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-118.34%	-5.12%	-40.04%	3,322.05%	-94.65%	-33.18%	-20.30%	26,105.88%	-99.12%	-14.69%	-42.67%
Free Cash Flow Firm Q/Q Growth	-102.59%	25.25%	-27.92%	73.71%	45.62%	-79.82%	-26.09%	-13.27%	73.91%	2.30%	222.50%
Invested Capital Q/Q Growth	3.48%	-0.84%	-0.20%	-1.53%	1.74%	-0.40%	-0.24%	-1.41%	1.61%	-2.99%	-2.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.63%	31.99%	33.37%	34.65%	31.60%	30.99%	34.47%	31.49%	27.78%	29.37%	27.97%
EBITDA Margin	16.89%	14.79%	21.40%	18.92%	17.65%	6.39%	23.99%	15.65%	14.19%	-8.84%	19.59%
Operating Margin	6.93%	11.97%	12.52%	15.62%	10.31%	5.98%	15.16%	12.62%	5.70%	-16.27%	9.38%
EBIT Margin	7.91%	12.36%	11.78%	15.92%	10.29%	6.35%	15.18%	12.81%	5.80%	-16.10%	9.43%
Profit (Net Income) Margin	4.58%	9.05%	6.35%	11.08%	6.88%	3.17%	11.05%	8.94%	2.64%	-18.75%	6.20%
Tax Burden Percent	78.76%	84.81%	69.04%	75.96%	79.09%	63.75%	79.34%	78.46%	71.84%	104.56%	79.89%
Interest Burden Percent	73.41%	86.38%	78.07%	91.62%	84.58%	78.21%	91.77%	88.99%	63.29%	111.37%	82.30%
Effective Tax Rate	21.24%	15.19%	30.96%	24.04%	20.91%	36.25%	20.66%	21.54%	28.16%	0.00%	20.11%
Return on Invested Capital (ROIC)	3.80%	7.45%	6.35%	8.88%	6.03%	2.81%	8.60%	6.78%	2.66%	-7.47%	4.87%
ROIC Less NNEP Spread (ROIC-NNEP)	3.39%	6.78%	4.79%	8.34%	5.38%	2.43%	7.93%	6.16%	2.04%	-11.18%	4.15%
Return on Net Nonoperating Assets (RNNOA)	1.47%	2.65%	1.87%	3.46%	2.46%	1.04%	3.37%	2.76%	1.01%	-5.25%	1.95%
Return on Equity (ROE)	5.27%	10.10%	8.22%	12.34%	8.49%	3.85%	11.97%	9.54%	3.67%	-12.72%	6.82%
Cash Return on Invested Capital (CROIC)	5.67%	8.08%	6.52%	7.37%	6.76%	6.30%	4.99%	5.88%	8.06%	7.28%	6.72%
Operating Return on Assets (OROA)	4.07%	6.47%	6.12%	8.30%	5.61%	3.37%	7.80%	6.29%	2.80%	-7.71%	4.46%
Return on Assets (ROA)	2.35%	4.74%	3.30%	5.78%	3.75%	1.68%	5.68%	4.39%	1.27%	-8.98%	2.93%
Return on Common Equity (ROCE)	5.15%	9.88%	8.08%	12.13%	8.34%	3.79%	11.76%	9.37%	3.60%	-12.49%	6.70%
Return on Equity Simple (ROE_SIMPLE)	8.18%	0.00%	7.26%	8.89%	8.33%	0.00%	1.97%	0.37%	-1.97%	0.00%	3.69%
Net Operating Profit after Tax (NOPAT)	147	329	312	455	249	127	470	383	114	-358	264
NOPAT Margin	5.45%	10.15%	8.65%	11.87%	8.15%	3.81%	12.03%	9.90%	4.10%	-11.39%	7.50%
Net Nonoperating Expense Percent (NNEP)	0.41%	0.67%	1.56%	0.55%	0.64%	0.38%	0.67%	0.62%	0.61%	3.71%	0.72%
Return On Investment Capital (ROIC_SIMPLE)	0.75%	1.69%	-	-	-	0.65%	-	-	-	-1.84%	-
Cost of Revenue to Revenue	68.37%	68.01%	66.63%	65.35%	68.40%	69.01%	65.53%	68.51%	72.23%	70.63%	72.03%
SG&A Expenses to Revenue	24.28%	20.03%	19.00%	18.98%	21.47%	20.50%	19.12%	18.98%	22.16%	17.42%	18.76%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.87%	20.10%	20.85%	19.03%	21.29%	25.37%	19.31%	18.87%	22.07%	45.78%	18.58%
Earnings before Interest and Taxes (EBIT)	213	401	425	611	314	212	593	496	161	-507	332
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	455	480	771	726	538	213	937	606	394	-278	689
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.90	0.86	0.84	0.77	1.03	0.92	0.95	1.00	0.80	0.78	0.70
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.88	0.82	0.81	0.72	0.96	0.87	0.92	0.98	0.78	0.77	0.72
Price to Earnings (P/E)	11.33	10.02	11.97	8.69	12.52	12.73	49.21	318.22	0.00	0.00	18.71
Dividend Yield	2.94%	3.07%	3.01%	3.34%	2.50%	2.76%	2.61%	2.47%	3.11%	3.13%	3.24%
Earnings Yield	8.83%	9.98%	8.36%	11.51%	7.99%	7.85%	2.03%	0.31%	0.00%	0.00%	5.35%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.90	0.89	0.84	1.02	0.94	0.96	1.00	0.86	0.85	0.80
Enterprise Value to Revenue (EV/Rev)	1.34	1.22	1.21	1.12	1.38	1.27	1.33	1.42	1.28	1.25	1.21
Enterprise Value to EBITDA (EV/EBITDA)	7.21	6.67	7.41	6.54	8.53	8.22	10.96	13.37	15.98	14.33	7.70
Enterprise Value to EBIT (EV/EBIT)	10.86	9.59	10.68	9.14	12.13	12.10	24.46	39.14	154.04	87.25	17.78
Enterprise Value to NOPAT (EV/NOPAT)	14.35	12.43	14.53	12.13	15.90	16.10	50.04	214.59	259.88	145.46	23.46
Enterprise Value to Operating Cash Flow (EV/OCF)	9.99	8.78	8.82	7.60	9.32	8.50	9.14	10.91	10.21	10.68	10.93
Enterprise Value to Free Cash Flow (EV/FCFF)	16.45	11.10	13.59	11.37	15.12	14.91	19.01	16.51	10.32	11.28	11.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.46	0.46	0.53	0.47	0.46	0.46	0.50	0.51	0.51	0.49
Long-Term Debt to Equity	0.46	0.45	0.46	0.46	0.40	0.40	0.39	0.47	0.48	0.48	0.45
Financial Leverage	0.43	0.39	0.39	0.41	0.46	0.43	0.43	0.45	0.50	0.47	0.47
Leverage Ratio	1.94	1.95	1.97	2.03	1.98	1.98	1.98	2.02	2.01	2.01	2.02
Compound Leverage Factor	1.42	1.68	1.54	1.86	1.67	1.55	1.82	1.79	1.27	2.24	1.66
Debt to Total Capital	31.68%	31.36%	31.51%	34.47%	31.76%	31.66%	31.42%	33.29%	33.78%	33.69%	32.96%
Short-Term Debt to Total Capital	0.42%	0.16%	0.19%	4.37%	4.63%	4.64%	4.47%	2.13%	2.12%	2.04%	2.53%
Long-Term Debt to Total Capital	31.26%	31.20%	31.32%	30.10%	27.14%	27.02%	26.95%	31.16%	31.67%	31.65%	30.44%
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%	0.00%
Noncontrolling Interests to Total Capital	1.84%	1.84%	1.12%	1.15%	1.22%	1.22%	1.23%	1.14%	1.14%	1.16%	1.13%
Common Equity to Total Capital	66.48%	66.80%	67.37%	64.38%	67.02%	67.12%	67.35%	65.57%	65.08%	65.15%	65.90%
Debt to EBITDA	2.51	2.44	2.78	2.92	2.71	2.90	3.73	4.69	6.35	5.86	3.26
Net Debt to EBITDA	2.34	2.06	2.32	2.24	2.51	2.49	3.24	4.01	6.03	5.33	3.00
Long-Term Debt to EBITDA	2.48	2.43	2.76	2.55	2.32	2.47	3.20	4.39	5.95	5.51	3.01
Debt to NOPAT	5.00	4.55	5.44	5.42	5.05	5.67	17.02	75.25	103.23	59.52	9.94
Net Debt to NOPAT	4.67	3.83	4.55	4.15	4.68	4.88	14.81	64.32	98.09	54.08	9.14
Long-Term Debt to NOPAT	4.93	4.53	5.41	4.73	4.32	4.84	14.60	70.44	96.77	55.92	9.18
Altman Z-Score	1.54	1.55	1.51	1.42	1.58	1.45	1.51	1.48	1.33	1.23	1.30
Noncontrolling Interest Sharing Ratio	2.24%	2.23%	1.72%	1.73%	1.75%	1.76%	1.74%	1.70%	1.73%	1.78%	1.76%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.89	0.94	0.99	0.95	0.69	0.70	0.73	0.87	0.77	0.78	0.77
Quick Ratio	0.46	0.60	0.63	0.67	0.38	0.43	0.44	0.55	0.38	0.43	0.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-13	490	391	542	312	214	1,063	1,438	1,658	953	932
Operating Cash Flow to CapEx	-38.60%	487.19%	313.60%	514.62%	11.92%	273.02%	451.72%	583.12%	1.92%	318.82%	334.10%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.52	0.52	0.52	0.55	0.53	0.51	0.49	0.48	0.48	0.47
Accounts Receivable Turnover	13.89	15.95	13.17	12.03	14.59	15.91	13.24	11.90	13.66	14.67	12.98
Inventory Turnover	10.28	12.03	11.03	11.04	10.74	11.93	10.98	10.84	10.20	11.46	11.08
Fixed Asset Turnover	2.99	3.08	3.15	3.21	3.25	3.20	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	3.12	2.97	2.83	2.80	3.28	3.09	2.93	2.82	3.27	3.01	2.94
Days Sales Outstanding (DSO)	26.27	22.89	27.70	30.35	25.03	22.94	27.57	30.66	26.71	24.87	28.11
Days Inventory Outstanding (DIO)	35.49	30.35	33.10	33.05	33.97	30.59	33.25	33.66	35.79	31.86	32.95
Days Payable Outstanding (DPO)	116.99	122.85	128.99	130.29	111.26	118.12	124.64	129.41	111.48	121.35	124.18
Cash Conversion Cycle (CCC)	-55.23	-69.62	-68.18	-66.89	-52.26	-64.59	-63.82	-65.09	-48.98	-64.62	-63.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,277	18,630	18,787	18,824	19,118	18,790	18,866	18,911	19,181	18,878	19,459
Invested Capital Turnover	0.70	0.73	0.73	0.75	0.74	0.74	0.71	0.68	0.65	0.66	0.65
Increase / (Decrease) in Invested Capital	159	-161	-80	-87	-64	-87	-593	-1,054	-1,544	-1,311	-668
Enterprise Value (EV)	17,918	16,779	16,667	15,802	19,573	17,676	18,174	18,864	16,590	16,037	15,552
Market Capitalization	11,731	11,242	11,225	10,157	13,575	12,082	12,554	12,983	10,106	9,849	9,263
Book Value per Share	$67.92	$66.75	$68.38	$65.95	$61.68	$64.83	$65.08	$64.21	$62.67	$62.60	$64.90
Tangible Book Value per Share	($24.37)	($23.89)	($22.45)	($22.70)	($21.97)	($23.31)	($23.52)	($24.99)	($26.63)	($26.65)	($27.73)
Total Capital	19,690	19,599	19,808	20,471	19,576	19,659	19,668	19,872	19,509	19,478	19,984
Total Debt	6,238	6,146	6,241	7,056	6,218	6,224	6,180	6,615	6,590	6,562	6,588
Total Long-Term Debt	6,155	6,114	6,203	6,162	5,312	5,312	5,301	6,192	6,178	6,165	6,083
Net Debt	5,825	5,177	5,219	5,408	5,759	5,355	5,378	5,654	6,262	5,962	6,063
Capital Expenditures (CapEx)	235	102	166	169	213	174	157	153	177	121	135
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-632	-1,134	-1,003	-952	-739	-1,201	-1,073	-1,038	-670	-940	-862
Debt-free Net Working Capital (DFNWC)	-219	-165	19	696	-281	-332	-271	-78	-342	-340	-337
Net Working Capital (NWC)	-302	-197	-19	-199	-1,186	-1,244	-1,150	-501	-755	-737	-842
Net Nonoperating Expense (NNE)	24	35	83	30	39	22	38	37	40	232	46
Net Nonoperating Obligations (NNO)	5,825	5,177	5,219	5,408	5,759	5,355	5,378	5,654	6,262	5,962	6,063
Total Depreciation and Amortization (D&A)	242	79	347	115	224	1.50	344	110	233	229	357
Debt-free, Cash-free Net Working Capital to Revenue	-4.72%	-8.26%	-7.25%	-6.74%	-5.22%	-8.65%	-7.83%	-7.80%	-5.18%	-7.34%	-6.70%
Debt-free Net Working Capital to Revenue	-1.64%	-1.20%	0.14%	4.92%	-1.98%	-2.39%	-1.98%	-0.58%	-2.64%	-2.66%	-2.62%
Net Working Capital to Revenue	-2.26%	-1.43%	-0.14%	-1.41%	-8.38%	-8.96%	-8.40%	-3.76%	-5.83%	-5.76%	-6.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.60	$1.41	$0.96	$2.03	$0.98	$0.49	$1.99	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	203M	208.80M	207.20M	210M	212.70M	216M	216.10M	216.40M	216.50M	216.90M	216.80M
Adjusted Diluted Earnings per Share	$0.59	$1.39	$0.96	$2.03	$0.97	$0.49	$1.98	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	204M	209.90M	208M	210.80M	214.20M	217.30M	217.60M	217.80M	217.30M	216.90M	217.60M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	192.40M	192.72M	196.13M	195.15M	199.83M	200.57M	203.56M	203.52M	202.95M	202.59M	202.71M
Normalized Net Operating Profit after Tax (NOPAT)	147	329	312	455	249	127	470	383	114	-358	264
Normalized NOPAT Margin	5.45%	10.15%	8.65%	11.87%	8.15%	3.81%	12.03%	9.90%	4.10%	-11.39%	7.50%
Pre Tax Income Margin	5.81%	10.68%	9.20%	14.59%	8.70%	4.97%	13.93%	11.39%	3.67%	-17.93%	7.76%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.70%	31.89%	37.90%	31.13%	33.12%	37.09%	133.63%	719.75%	-134.24%	-176.57%	66.09%
Augmented Payout Ratio	89.74%	87.47%	97.96%	78.42%	61.00%	58.61%	161.82%	828.99%	-154.99%	-204.18%	74.08%

Frequently Asked Questions About Molson Coors Beverage's Financials

When does Molson Coors Beverage's financial year end?

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

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

Molson Coors Beverage's net income appears to be on a downward trend, with a most recent value of $1.16 billion in 2024, rising from $398.50 million in 2015. The previous period was $956.40 million in 2023.

What is Molson Coors Beverage's operating income?

Molson Coors Beverage's total operating income in 2024 was $1.75 billion, based on the following breakdown:

Total Gross Profit: $4.53 billion
Total Operating Expenses: $2.78 billion

How has Molson Coors Beverage revenue changed over the last 9 years?

Over the last 9 years, Molson Coors Beverage's total revenue changed from $3.57 billion in 2015 to $13.73 billion in 2024, a change of 285.0%.

How much debt does Molson Coors Beverage have?

Molson Coors Beverage's total liabilities were at $12.61 billion at the end of 2024, a 2.5% decrease from 2023, and a 141.9% increase since 2015.

How much cash does Molson Coors Beverage have?

In the past 9 years, Molson Coors Beverage's cash and equivalents has ranged from $418.60 million in 2017 to $1.06 billion in 2018, and is currently $969.30 million as of their latest financial filing in 2024.

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

Over the last 9 years, Molson Coors Beverage's book value per share changed from 38.17 in 2015 to 66.75 in 2024, a change of 74.9%.

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This page (NYSE:TAP.A) was last updated on 5/21/2025 by MarketBeat.com Staff

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Molson Coors Beverage (TAP.A) Financials

Frequently Asked Questions About Molson Coors Beverage's Financials

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Molson Coors Beverage (TAP.A) Financials

Annual Income Statements for Molson Coors Beverage

Quarterly Income Statements for Molson Coors Beverage

Annual Cash Flow Statements for Molson Coors Beverage

Quarterly Cash Flow Statements for Molson Coors Beverage

Annual Balance Sheets for Molson Coors Beverage

Quarterly Balance Sheets for Molson Coors Beverage

Annual Metrics And Ratios for Molson Coors Beverage

Quarterly Metrics And Ratios for Molson Coors Beverage

Frequently Asked Questions About Molson Coors Beverage's Financials

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