Monster Beverage Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	8,793	8,294	7,493	7,140	6,311	5,541
Revenue Growth (YoY)	18.06%	10.70%	4.94%	13.13%	13.89%	20.50%
Cost of Revenue	3,916	3,662	3,444	3,346	3,136	2,433
Gross Profit	4,878	4,632	4,049	3,794	3,175	3,109
Other Operating Expenses	2,298	2,213	2,119	1,841	1,590	1,311
Total Operating Expenses	2,298	2,213	2,119	1,841	1,590	1,311
Operating Income	2,580	2,419	1,930	1,953	1,585	1,797
Interest Income	75.07	63.18	59.17	115.13	-12.76	3.95
Total Non-Operating Income (Expense)	75.07	63.18	59.17	115.13	-12.76	3.95
Pretax Income	2,655	2,483	1,989	2,068	1,572	1,801
Provision for Income Taxes	622.72	577.1	480.41	437.49	380.34	423.94
Net Income	2,032	1,905	1,509	1,631	1,192	1,377
Net Income to Common	2,032	1,905	1,509	1,631	1,192	1,377
Net Income Growth	34.56%	26.27%	-7.48%	36.87%	-13.49%	-2.28%
Shares Outstanding (Basic)	977	976	1,005	1,045	1,054	1,058
Shares Outstanding (Diluted)	986	984	1,013	1,058	1,066	1,071
Shares Change (YoY)	-0.97%	-2.83%	-4.24%	-0.79%	-0.45%	0.16%
EPS (Basic)	2.08	1.95	1.50	1.56	1.13	1.30
EPS (Diluted)	2.07	1.94	1.49	1.54	1.12	1.29
EPS Growth	36.18%	30.20%	-3.25%	37.50%	-13.18%	-2.27%
Shares Outstanding	977.92	978.11	973.08	1,042	1,045	1,059
Free Cash Flow	2,072	1,966	1,664	1,496	698.97	1,112
Free Cash Flow Growth	5.38%	18.11%	11.24%	114.08%	-37.13%	-15.47%
Free Cash Flow Per Share	2.10	2.00	1.64	1.41	0.66	1.04
Gross Margin	55.47%	55.85%	54.04%	53.14%	50.30%	56.10%
Operating Margin	29.34%	29.17%	25.76%	27.36%	25.11%	32.44%
Profit Margin	23.11%	22.97%	20.14%	22.84%	18.88%	24.86%
FCF Margin	23.56%	23.70%	22.21%	20.96%	11.08%	20.06%
EBITDA	2,698	2,534	2,011	2,022	1,646	1,848
EBITDA Margin	30.68%	30.55%	26.84%	28.32%	26.08%	33.34%
EBIT	2,580	2,419	1,930	1,953	1,585	1,797
EBIT Margin	29.34%	29.17%	25.76%	27.36%	25.11%	32.44%
Effective Tax Rate	23.46%	23.25%	24.15%	21.15%	24.20%	23.53%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q