Monster Beverage Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,294	7,493	7,140	6,311	5,541
Revenue Growth (YoY)	10.70%	4.94%	13.13%	13.89%	20.50%
Cost of Revenue	3,662	3,444	3,346	3,136	2,433
Gross Profit	4,632	4,049	3,794	3,175	3,109
Selling, General & Admin	2,140	1,991	1,802	1,588	1,306
Operating Expenses	2,140	1,991	1,802	1,588	1,306
Operating Income	2,493	2,057	1,992	1,587	1,803
Interest Expense	-	-0.23	-0.26	-0.02	-0.02
Interest & Investment Income	63.18	115	130	-	-
Currency Exchange Gain (Loss)	-	-26.4	-60.2	-37.9	0.3
Other Non Operating Income (Expenses)	-	-29.21	0.2	25.17	3.67
EBT Excluding Unusual Items	2,556	2,117	2,062	1,574	1,807
Impairment of Goodwill	-	-86.3	-	-	-
Asset Writedown	-53.67	-40.8	-38.7	-2.2	-
Legal Settlements	-19.5	-	-	-	-
Other Unusual Items	-	-	45.38	-	-5.3
Pretax Income	2,483	1,989	2,068	1,572	1,801
Income Tax Expense	577.1	480.41	437.49	380.34	423.94
Net Income	1,905	1,509	1,631	1,192	1,377
Net Income to Common	1,905	1,509	1,631	1,192	1,377
Net Income Growth	26.27%	-7.48%	36.87%	-13.49%	-2.28%
Shares Outstanding (Basic)	976	1,005	1,045	1,054	1,058
Shares Outstanding (Diluted)	984	1,013	1,058	1,066	1,071
Shares Change (YoY)	-2.83%	-4.24%	-0.79%	-0.45%	0.16%
EPS (Basic)	1.95	1.50	1.56	1.13	1.30
EPS (Diluted)	1.94	1.49	1.54	1.12	1.29
EPS Growth	30.20%	-3.25%	37.50%	-13.18%	-2.27%
Free Cash Flow	-	1,664	1,496	698.97	1,112
Free Cash Flow Per Share	-	1.64	1.41	0.66	1.04
Gross Margin	55.85%	54.04%	53.14%	50.30%	56.10%
Operating Margin	30.05%	27.46%	27.90%	25.14%	32.53%
Profit Margin	22.97%	20.14%	22.84%	18.88%	24.86%
Free Cash Flow Margin	-	22.21%	20.96%	11.07%	20.06%
EBITDA	2,602	2,138	2,061	1,648	1,853
EBITDA Margin	31.37%	28.53%	28.87%	26.11%	33.44%
D&A For EBITDA	109.36	80.43	68.9	61.24	50.16
EBIT	2,493	2,057	1,992	1,587	1,803
EBIT Margin	30.05%	27.46%	27.90%	25.14%	32.53%
Effective Tax Rate	23.25%	24.15%	21.15%	24.20%	23.53%
Advertising Expenses	-	584.1	528.9	460.7	417.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.