Monster Beverage Corporation (MNST)
NASDAQ: MNST · Real-Time Price · USD
45.57
+0.17 (0.37%)
At close: Nov 12, 2026, 4:00 PM EST
45.53
-0.04 (-0.09%)
After-hours: Nov 12, 2026, 7:57 PM EST
Monster Beverage Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Net Income | 2,172 | 1,905 | 1,509 | 1,631 | 1,192 | 1,377 |
Depreciation & Amortization | 122.31 | 114.44 | 80.43 | 68.9 | 61.24 | 50.16 |
Loss (Gain) From Sale of Assets | 1.63 | 2.78 | 3.33 | 0.17 | -0.19 | -1.01 |
Asset Writedown & Restructuring Costs | 68.07 | 50.44 | 135.28 | 43.04 | 2.2 | - |
Stock-Based Compensation | 133.31 | 125.69 | 90.99 | 68.84 | 64.11 | 70.48 |
Other Operating Activities | 21.26 | 19.61 | 1.82 | -34.3 | 55.52 | 20.54 |
Change in Accounts Receivable | -363.45 | -300.6 | -93.92 | -163.16 | -128.98 | -254.23 |
Change in Inventory | -219.96 | -34.92 | 211.5 | 7.9 | -347.71 | -277.79 |
Change in Accounts Payable | 38.68 | 78.46 | -61.49 | 112.79 | 49.77 | 114.3 |
Change in Unearned Revenue | -17.65 | -23.01 | -17.36 | -24.47 | -19.91 | -22.66 |
Change in Income Taxes | 21.89 | 6.69 | 12.5 | -17.09 | -21.3 | -3.7 |
Change in Other Net Operating Assets | 72.53 | 153.17 | 56.4 | 24.16 | -18.68 | 82.19 |
Operating Cash Flow | 2,050 | 2,098 | 1,929 | 1,718 | 887.7 | 1,156 |
Operating Cash Flow Growth | -5.97% | 8.80% | 12.27% | 93.51% | -23.19% | -15.28% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -128.82 | -132.28 | -264.07 | -221.43 | -188.73 | -43.87 |
Sale of Property, Plant & Equipment | 5.33 | 4.3 | 2.73 | 2.52 | 1.31 | 1.33 |
Cash Acquisitions | - | - | - | -363.39 | -329.47 | - |
Sale (Purchase) of Intangibles | -14.92 | -25.25 | -42.36 | -13.3 | -23.43 | -13.59 |
Investment in Securities | -1,884 | -1,163 | 1,036 | 409.02 | 405.29 | -924.54 |
Other Investing Activities | -5.74 | -0.4 | 1.64 | -6.83 | -26.34 | -11.35 |
Investing Cash Flow | -2,028 | -1,317 | 733.73 | -193.4 | -161.37 | -992.02 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Short-Term Debt Issued | - | - | - | - | 0.08 | - |
Long-Term Debt Issued | - | - | 750 | - | - | 2.93 |
Total Debt Issued | - | - | 750 | - | 0.08 | 2.93 |
Short-Term Debt Repaid | - | -10.34 | -8.22 | -13.91 | - | - |
Long-Term Debt Repaid | - | -375 | -375 | - | - | - |
Total Debt Repaid | -7.37 | -385.34 | -383.22 | -13.91 | - | - |
Net Debt Issued (Repaid) | -7.37 | -385.34 | 366.78 | -13.91 | 0.08 | 2.93 |
Issuance of Common Stock | 142.76 | 164.57 | 78.97 | 130.27 | 64.02 | 45.72 |
Repurchase of Common Stock | -294.12 | -103.65 | -3,772 | -658.95 | -771.03 | -13.83 |
Other Financing Activities | - | - | -2.9 | - | - | - |
Financing Cash Flow | -158.74 | -324.42 | -3,329 | -542.6 | -706.94 | 34.82 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | -7.86 | 97.85 | -97.62 | 8.78 | -38.72 | -52.49 |
Net Cash Flow | -144.54 | 554.83 | -764.39 | 990.53 | -19.32 | 146.05 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 1,921 | 1,966 | 1,664 | 1,496 | 698.97 | 1,112 |
Free Cash Flow Growth | -3.21% | 18.11% | 11.24% | 114.07% | -37.14% | -15.47% |
Free Cash Flow Margin | 20.05% | 23.70% | 22.21% | 20.96% | 11.07% | 20.06% |
Free Cash Flow Per Share | 0.97 | 1.00 | 0.82 | 0.71 | 0.33 | 0.52 |
Levered Free Cash Flow | 1,450 | 1,515 | 1,314 | 1,058 | 448.83 | 877.28 |
Unlevered Free Cash Flow | 1,452 | 1,519 | 1,332 | 1,058 | 448.85 | 877.29 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 0.19 | 5.34 | 25.27 | 0.36 | 0.43 | 0.13 |
Cash Income Tax Paid | 621.2 | 550.12 | 476.2 | -423.2 | 380 | 420.52 |
Change in Working Capital | -467.96 | -120.21 | 107.64 | -59.87 | -486.81 | -361.9 |