MNST
Monster Beverage CorporationStock · Consumer StaplesNasdaq-100 0.4% · S&P 500 Equal Weight 0.2% · Nasdaq Composite 0.2% · S&P 500 0.1% · Russell 1000 0.10% · Russell 3000 0.09% · US Stock Market 0.09% · MSCI World 0.07% · MSCI ACWI 0.06%$43.40+0.72%
as of market close, Sep 11, 2026
☾ AH — —
MNST financial statements
The full income statement, balance sheet, and cash-flow statement for Monster Beverage Corporation (MNST), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.29B+10.7% | 7.49B+4.9% | 7.14B+13.1% | 6.31B+13.9% | 5.54B+20.5% | |
| 4.63B+14.4% | 4.05B+6.7% | 3.79B+19.5% | 3.17B+2.1% | 3.11B+14.1% | ||
| Cost of revenue | 3.66B+6.3% | 3.44B+2.9% | 3.35B+6.7% | 3.14B+28.9% | 2.43B+29.8% | |
| 2.21B+4.4% | 2.12B+15.1% | 1.84B+15.8% | 1.59B+21.3% | 1.31B+20.2% | ||
| Amortization of intangibles | 19.3M+157.3% | 7.50M+27.1% | 5.90M-22.4% | 7.60M+72.7% | 4.40M-42.9% | |
| Operating income | 2.42B+25.3% | 1.93B-1.2% | 1.95B+23.3% | 1.58B-11.8% | 1.80B+10.1% | |
| Other non-operating income | 63.2M+6.8% | 59.2M-48.6% | 115M+1002.5% | -12.8M-422.8% | 3.95M+156.5% | |
| Pre-tax income | 2.48B+24.8% | 1.99B-3.8% | 2.07B+31.6% | 1.57B-12.7% | 1.80B+10.8% | |
| Income tax | 577M+20.1% | 480M+9.8% | 437M+15.0% | 380M-10.3% | 424M+95.8% | |
| 1.91B+26.3% | 1.51B-7.5% | 1.63B+36.9% | 1.19B-13.5% | 1.38B-2.3% | ||
| Net income to common | 1.91B+26.3% | 1.51B-7.5% | 1.63B+36.9% | 1.19B-13.5% | 1.38B-2.3% | |
| Weighted-avg shares (basic) | 1.95B-2.9% | 2.01B-3.9% | 2.09B-0.8% | 2.11B-0.4% | 2.12B-0.2% | |
| Weighted-avg shares (diluted) | 1.97B-2.8% | 2.03B-4.2% | 2.12B-0.8% | 2.13B-0.5% | 2.14B+0.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.36B+47.2% | 3.64B-34.8% | 5.59B+17.3% | 4.76B+1.8% | 4.68B+49.1% | ||
| Cash & equivalents | 2.09B+36.2% | 1.53B-33.3% | 2.30B+75.8% | 1.31B-1.5% | 1.33B+12.4% | |
| Short-term investments | 677M | 0.00-100.0% | 956M-29.9% | 1.36B-22.1% | 1.75B+98.5% | |
| Accounts receivable | 1.62B+32.5% | 1.22B+2.3% | 1.19B+17.5% | 1.02B+13.3% | 897M+34.6% | |
| Inventory | 800M+8.5% | 737M-24.1% | 971M+3.8% | 936M+57.7% | 593M+78.1% | |
| Prepaid expenses | 104M-3.5% | 107M-7.7% | 116M+5.8% | 110M+32.8% | 82.7M+49.3% | |
| 9.99B+29.4% | 7.72B-20.3% | 9.69B+16.8% | 8.29B+6.3% | 7.80B+25.8% | ||
| Property, plant & equipment | 1.08B+3.3% | 1.05B+17.5% | 891M+72.3% | 517M+64.7% | 314M-0.3% | |
| Operating lease right-of-use | — | 55.2M-6.1% | 58.8M+54.8% | 38.0M+64.1% | 23.2M+1.8% | |
| Goodwill | 1.33B+0.0% | 1.33B-6.1% | 1.42B+0.0% | 1.42B+6.5% | 1.33B+0.0% | |
| Intangible assets | 1.38B-2.5% | 1.41B-0.9% | 1.43B+16.9% | 1.22B+13.8% | 1.07B+1.3% | |
| Long-term investments | 487M | 0.00-100.0% | 76.4M+24.4% | 61.4M-38.2% | 99.4M+124.5% | |
| Deferred tax assets | 189M+2.4% | 184M+5.3% | 175M-1.2% | 177M-21.4% | 225M-6.8% | |
| Other non-current assets | 159M+58.8% | 100M-8.9% | 110M-18.0% | 134M+67.6% | 80.3M+13.9% | |
| 1.45B+31.9% | 1.10B-5.5% | 1.16B+15.9% | 1.00B+3.8% | 965M+28.7% | ||
| Accounts payable | 566M+21.3% | 467M-17.3% | 564M+27.0% | 444M+9.9% | 404M+36.2% | |
| Accrued liabilities | 306M+38.6% | 221M+20.0% | 184M+6.4% | 173M-18.0% | 211M+47.9% | |
| Deferred revenue | 45.3M-1.1% | 45.8M+9.3% | 41.9M-3.2% | 43.3M+1.8% | 42.5M-6.4% | |
| Short-term & current debt | — | 0.00 | 0.00 | — | — | |
| Current lease liability | — | 12.5M+13.0% | 11.1M+43.1% | 7.75M | — | |
| Finance lease liability (current) | — | 4.21M-34.7% | 6.45M+751.9% | 757K | — | |
| Long-term debt | — | 374M | 0.00 | — | — | |
| Deferred revenue (non-current) | 160M-10.6% | 179M-12.4% | 204M-8.7% | 224M-8.0% | 243M-8.0% | |
| Non-current lease liability | — | 43.9M-9.5% | 48.5M+63.8% | 29.6M | — | |
| Operating lease liability (total) | — | 56.4M-5.3% | 59.5M+59.5% | 37.3M+74.6% | 21.4M+4.2% | |
| Finance lease liability (total) | — | 4.25M-34.3% | 6.47M+710.5% | 798K-20.3% | 1.00M+21.6% | |
| Finance lease liability | — | 38.0K+100.0% | 19.0K-53.7% | 41.0K | — | |
| Deferred tax liabilities | — | — | 0.00 | — | — | |
| Other non-current liabilities | 127M+14.6% | 111M+20.7% | 91.8M+117.2% | 42.3M+43.3% | 29.5M+7.6% | |
| 8.25B+38.5% | 5.96B-27.6% | 8.23B+17.1% | 7.03B+7.0% | 6.57B+27.2% | ||
| Additional paid-in capital | 5.43B+5.6% | 5.14B+3.4% | 4.98B+4.2% | 4.78B+2.7% | 4.65B+2.5% | |
| Retained earnings | 9.35B+25.6% | 7.45B+25.4% | 5.94B-34.0% | 9.00B+15.3% | 7.81B+21.4% | |
| Treasury stock | 6.48B+1.6% | 6.37B+148.3% | 2.57B-61.1% | 6.60B+13.2% | 5.83B+0.2% | |
| Accumulated other comprehensive income | -60.8M+77.4% | -269M-115.0% | -125M+21.2% | -159M-130.0% | -69.2M-2179.7% | |
| Total liabilities & equity | 9.99B+29.4% | 7.72B-20.3% | 9.69B+16.8% | 8.29B+6.3% | 7.80B+25.8% | |
| Common shares issued | 2.27B+0.6% | 2.25B+0.3% | 2.25B-12.5% | 2.57B+0.3% | 2.56B+0.2% | |
| Common shares outstanding | 1.96B+0.5% | 1.95B-6.6% | 2.08B-0.3% | 2.09B-1.3% | 2.12B+0.2% | |
| Shares outstanding (cover) | 1.96B+0.5% | 1.95B-6.5% | 2.08B-0.4% | 2.09B-1.3% | 2.12B+0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.10B+8.8% | 1.93B+12.3% | 1.72B+93.5% | 888M-23.2% | 1.16B-15.3% | ||
| Depreciation & amortization | 114M+42.3% | 80.4M+16.7% | 68.9M+12.5% | 61.2M+22.1% | 50.2M-12.1% | |
| Intangible amortization | 19.3M+157.3% | 7.50M+27.1% | 5.90M-22.4% | 7.60M+72.7% | 4.40M-42.9% | |
| Share-based compensation | 126M+38.1% | 91.0M+32.2% | 68.8M+7.4% | 64.1M-9.0% | 70.5M+0.3% | |
| Deferred income taxes | -2.23M+1.9% | -2.28M-107.4% | 30.7M-32.5% | 45.5M+85.3% | 24.5M+116.2% | |
| Change in receivables | 301M+220.1% | 93.9M-42.4% | 163M+26.5% | 129M-49.3% | 254M+112.4% | |
| Change in inventory | 34.9M+116.5% | -212M-2577.9% | -7.90M-102.3% | 348M+25.2% | 278M+1016.7% | |
| Change in payables | 78.5M+227.6% | -61.5M-154.5% | 113M+126.6% | 49.8M-56.5% | 114M+511.3% | |
| -1.32B-279.5% | 734M+479.4% | -193M-19.8% | -161M+83.7% | -992M-110.0% | ||
| Capital expenditure | 132M-49.9% | 264M+19.3% | 221M+17.3% | 189M+330.2% | 43.9M-10.0% | |
| Free cash flow | 1.97B+18.1% | 1.66B+11.2% | 1.50B+114.1% | 699M-37.1% | 1.11B-15.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 4.30M+57.4% | 2.73M+8.4% | 2.52M+91.9% | 1.31M-1.1% | 1.33M+33.7% | |
| Other investing activities | 398K+124.3% | -1.64M-124.0% | 6.83M-74.1% | 26.3M+132.0% | 11.4M-57.0% | |
| -324M+90.3% | -3.33B-513.5% | -543M+23.2% | -707M-2130.2% | 34.8M+106.6% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net short-term debt | -10.3M-25.8% | -8.22M+40.9% | -13.9M-18652.0% | 75.0K-97.4% | 2.93M+194.9% | |
| Common stock issued | 165M+108.4% | 79.0M-39.4% | 130M+103.5% | 64.0M+40.0% | 45.7M-37.3% | |
| Common stock repurchased | 104M-97.3% | 3.77B+472.4% | 659M-14.5% | 771M+5475.0% | 13.8M-97.7% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 97.9M+200.2% | -97.6M-1212.5% | 8.78M+122.7% | -38.7M+26.2% | -52.5M-411.6% | |
| Net change in cash | 555M+172.6% | -764M-177.2% | 991M+5226.7% | -19.3M-113.2% | 146M-61.8% | |
| Interest paid | 5.34M-78.9% | 25.3M+6861.4% | 363K-15.8% | 431K+221.6% | 134K+204.5% | |
| Income taxes paid | 550M+15.5% | 476M+12.5% | 423M+11.4% | 380M-9.6% | 421M+18.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 75.0B+46.6% | 51.1B-14.7% | 59.9B+13.2% | 53.0B+4.2% | 50.8B+4.1% | |
| P/E | 39.4×+16.1% | 33.9×-11.5% | 38.3×-12.5% | 43.7×+18.5% | 36.9×+6.5% | |
| P/S | 9.0×+32.5% | 6.8×-21.2% | 8.7×+1.7% | 8.5×-7.2% | 9.2×-13.6% | |
| P/B | 9.1×+5.8% | 8.6×+12.8% | 7.6×-2.0% | 7.8×+0.4% | 7.7×-18.2% | |
| P/FCF | 38.2×+24.2% | 30.7×-27.2% | 42.2×-47.0% | 79.7×+74.2% | 45.7×+23.1% | |
| Earnings yield | 2.5%-13.9% | 3.0%+12.9% | 2.6%+14.2% | 2.3%-15.6% | 2.7%-6.1% | |
| FCF yield | 2.6%-19.5% | 3.3%+37.4% | 2.4%+88.6% | 1.3%-42.6% | 2.2%-18.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MNST’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MNST filings on SEC EDGAR → Not investment advice.