Financials in USD. Standardized financial statements.
A compact view of how Monster Beverage Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $8.29B | $7.49B | $7.14B | $6.31B | $5.54B | $4.60B | $4.20B | $3.81B | $3.37B | $3.05B |
| Revenue Growth? | +10.7% | +4.9% | +13.1% | +13.9% | +20.5% | +9.5% | +10.3% | +13.0% | +10.5% | 0.0% |
| Cost of Revenue? | $3.66B | $3.44B | $3.35B | $3.14B | $2.43B | $1.87B | $1.68B | $1.51B | $1.23B | $1.11B |
| Gross Profit? | $4.63B | $4.05B | $3.79B | $3.17B | $3.11B | $2.72B | $2.52B | $2.30B | $2.14B | $1.94B |
| Gross Margin? | +55.8% | +54.0% | +53.1% | +50.3% | +56.1% | +59.2% | +60.0% | +60.3% | +63.5% | +63.7% |
| Operating Expenses? | $2.21B | $2.12B | $1.84B | $1.59B | $1.31B | $1.09B | $1.12B | $1.01B | $938.90M | $856.66M |
| Operating Income? | $2.42B | $1.93B | $1.95B | $1.58B | $1.80B | $1.63B | $1.40B | $1.28B | $1.20B | $1.09B |
| EBITDA? | $2.60B | $2.01B | $2.02B | $1.65B | $1.85B | $1.69B | $1.46B | $1.34B | $1.25B | $1.13B |
| Income Before Tax | $2.48B | $1.99B | $2.07B | $1.57B | $1.80B | $1.63B | $1.42B | $1.29B | $1.20B | $1.08B |
| Income Tax Expense | $577.10M | $480.41M | $437.49M | $380.34M | $423.94M | $216.56M | $308.13M | $300.27M | $380.94M | $367.00M |
| Net Income? | $1.91B | $1.51B | $1.63B | $1.19B | $1.38B | $1.41B | $1.11B | $993.00M | $820.68M | $712.68M |
| EPS? | $1.95 | $1.50 | $1.56 | $1.13 | $1.30 | $1.33 | $1.02 | $0.89 | $0.73 | $0.61 |
| Diluted EPS? | $1.94 | $1.49 | $1.54 | $1.12 | $1.29 | $1.32 | $1.01 | $0.88 | $0.71 | $0.60 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality