Monster Beverage Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	7,975	7,493	7,140	6,311	5,541	4,599
Revenue Growth (YoY)	7.62%	4.94%	13.13%	13.89%	20.50%	9.47%
Cost of Revenue	3,524	3,444	3,346	3,136	2,433	1,875
Gross Profit	4,451	4,049	3,794	3,175	3,109	2,724
Selling, General & Admin	2,066	1,991	1,802	1,588	1,306	1,091
Operating Expenses	2,066	1,991	1,802	1,588	1,306	1,091
Operating Income	2,385	2,057	1,992	1,587	1,803	1,633
Interest Expense	-	-0.23	-0.26	-0.02	-0.02	-0.04
Interest & Investment Income	87.57	115	130	-	-	-
Currency Exchange Gain (Loss)	-15.5	-26.4	-60.2	-37.9	0.3	-11.2
Other Non Operating Income (Expenses)	-29.7	-29.21	0.2	25.17	3.67	4.24
EBT Excluding Unusual Items	2,427	2,117	2,062	1,574	1,807	1,626
Impairment of Goodwill	-86.3	-86.3	-	-	-	-
Asset Writedown	-40.8	-40.8	-38.7	-2.2	-	-
Other Unusual Items	-	-	45.38	-	-5.3	-0.2
Pretax Income	2,300	1,989	2,068	1,572	1,801	1,626
Income Tax Expense	573.37	480.41	437.49	380.34	423.94	216.56
Net Income	1,727	1,509	1,631	1,192	1,377	1,410
Net Income to Common	1,727	1,509	1,631	1,192	1,377	1,410
Net Income Growth	7.58%	-7.48%	36.87%	-13.49%	-2.28%	27.24%
Shares Outstanding (Basic)	975	1,005	1,045	1,054	1,058	1,059
Shares Outstanding (Diluted)	983	1,013	1,058	1,066	1,071	1,070
Shares Change (YoY)	-4.68%	-4.24%	-0.79%	-0.45%	0.16%	-2.16%
EPS (Basic)	1.77	1.50	1.56	1.13	1.30	1.33
EPS (Diluted)	1.76	1.49	1.54	1.12	1.29	1.32
EPS Growth	12.69%	-3.25%	37.50%	-13.18%	-2.27%	30.05%
Free Cash Flow	1,985	1,664	1,496	698.97	1,112	1,315
Free Cash Flow Per Share	2.02	1.64	1.41	0.66	1.04	1.23
Gross Margin	55.81%	54.04%	53.14%	50.30%	56.10%	59.23%
Operating Margin	29.90%	27.46%	27.90%	25.14%	32.53%	35.52%
Profit Margin	21.65%	20.14%	22.84%	18.88%	24.86%	30.65%
Free Cash Flow Margin	24.89%	22.21%	20.96%	11.07%	20.06%	28.61%
EBITDA	2,488	2,138	2,061	1,648	1,853	1,690
EBITDA Margin	31.19%	28.53%	28.87%	26.11%	33.44%	36.76%
D&A For EBITDA	102.64	80.43	68.9	61.24	50.16	57.03
EBIT	2,385	2,057	1,992	1,587	1,803	1,633
EBIT Margin	29.90%	27.46%	27.90%	25.14%	32.53%	35.52%
Effective Tax Rate	24.93%	24.15%	21.15%	24.20%	23.53%	13.32%
Advertising Expenses	-	584.1	528.9	460.7	417.6	345.7

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