Monster Beverage Corporation (MNST)

Monster Beverage Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,448	7,493	7,140	6,311	5,541	4,599
Revenue Growth (YoY)	1.47%	4.94%	13.13%	13.89%	20.50%	9.47%
Cost of Revenue	3,378	3,444	3,346	3,136	2,433	1,875
Gross Profit	4,070	4,049	3,794	3,175	3,109	2,724
Selling, General & Admin	1,982	1,991	1,802	1,588	1,306	1,091
Operating Expenses	1,982	1,991	1,802	1,588	1,306	1,091
Operating Income	2,087	2,057	1,992	1,587	1,803	1,633
Interest Expense	-4.13	-0.23	-0.26	-0.02	-0.02	-0.04
Interest & Investment Income	90.6	115	130	-	-	-
Currency Exchange Gain (Loss)	-24.1	-26.4	-60.2	-37.9	0.3	-11.2
Other Non Operating Income (Expenses)	-30.69	-29.21	0.2	25.17	3.67	4.24
EBT Excluding Unusual Items	2,119	2,117	2,062	1,574	1,807	1,626
Impairment of Goodwill	-86.3	-86.3	-	-	-	-
Asset Writedown	-43.08	-40.8	-38.7	-2.2	-	-
Other Unusual Items	-	-	45.38	-	-5.3	-0.2
Pretax Income	1,990	1,989	2,068	1,572	1,801	1,626
Income Tax Expense	479.74	480.41	437.49	380.34	423.94	216.56
Net Income	1,510	1,509	1,631	1,192	1,377	1,410
Net Income to Common	1,510	1,509	1,631	1,192	1,377	1,410
Net Income Growth	-9.88%	-7.48%	36.87%	-13.49%	-2.28%	27.24%
Shares Outstanding (Basic)	988	1,005	1,045	1,054	1,058	1,059
Shares Outstanding (Diluted)	996	1,013	1,058	1,066	1,071	1,070
Shares Change (YoY)	-5.72%	-4.24%	-0.79%	-0.45%	0.16%	-2.16%
EPS (Basic)	1.53	1.50	1.56	1.13	1.30	1.33
EPS (Diluted)	1.52	1.49	1.54	1.12	1.29	1.32
EPS Growth	-4.03%	-3.25%	37.50%	-13.18%	-2.27%	30.05%
Free Cash Flow	1,797	1,664	1,496	698.97	1,112	1,315
Free Cash Flow Per Share	1.80	1.64	1.41	0.66	1.04	1.23
Gross Margin	54.64%	54.04%	53.14%	50.30%	56.10%	59.23%
Operating Margin	28.03%	27.46%	27.90%	25.14%	32.53%	35.52%
Profit Margin	20.27%	20.14%	22.84%	18.88%	24.86%	30.65%
Free Cash Flow Margin	24.13%	22.21%	20.96%	11.07%	20.06%	28.61%
EBITDA	2,172	2,138	2,061	1,648	1,853	1,690
EBITDA Margin	29.17%	28.53%	28.87%	26.11%	33.44%	36.76%
D&A For EBITDA	84.81	80.43	68.9	61.24	50.16	57.03
EBIT	2,087	2,057	1,992	1,587	1,803	1,633
EBIT Margin	28.03%	27.46%	27.90%	25.14%	32.53%	35.52%
Effective Tax Rate	24.11%	24.15%	21.15%	24.20%	23.53%	13.32%
Advertising Expenses	-	584.1	528.9	460.7	417.6	345.7

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q