Monster Beverage Corporation (MNST) — Financial statements
Income statement, balance sheet, and cash flow for Monster Beverage Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 8,294↑10.7% | 7,493↑4.9% | 7,140↑13.1% | 6,311↑13.9% | 5,541 | |
| Cost of Revenue | 3,662↑6.3% | 3,444↑2.9% | 3,346↑6.7% | 3,136↑28.9% | 2,433 | |
| Gross Profit | 4,632↑14.4% | 4,049↑6.7% | 3,794↑19.5% | 3,175↑2.1% | 3,109 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 1,183↑12.7% | 1,050↑19.6% | 878↑30.2% | 674 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 808↑7.4% | 753↑6.0% | 710↑12.4% | 632 | |
| SG&A Expenses | 0.00↓100.0% | 1,991↑10.5% | 1,802↑13.5% | 1,588↑21.6% | 1,306 | |
| Other Expenses | 2,213↑1641.0% | 127↑228.4% | 39↑1659.1% | 2↓58.5% | 5 | |
| Operating Expenses | 2,213↑4.4% | 2,119↑15.1% | 1,841↑15.8% | 1,590↑21.3% | 1,311 | |
| Total Costs & Expenses | 5,875↑5.6% | 5,562↑7.2% | 5,187↑9.7% | 4,726↑26.2% | 3,744 | |
| Operating Results | ||||||
| Operating Income | 2,419↑25.3% | 1,930↓1.2% | 1,953↑23.3% | 1,585↓11.8% | 1,797 | |
| Depreciation & Amortization | 114↑42.3% | 80↑16.7% | 69↑12.5% | 61↑22.1% | 50 | |
| EBITDA | 2,604↑29.5% | 2,011↓0.6% | 2,022↑22.9% | 1,646↓10.9% | 1,848 | |
| EBIT | 2,489↑29.0% | 1,930↓1.2% | 1,953↑23.3% | 1,585↓11.8% | 1,797 | |
| Interest & Other Income | ||||||
| Net Interest Income | 79↓9.8% | 87↓33.0% | 130↑337.7% | 30↑607.1% | 4 | |
| Interest Income | 85↓25.9% | 115↓11.5% | 130↑337.7% | 30↑607.1% | 4 | |
| Interest Expense | 7↓76.3% | 28 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -70 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 63↑6.8% | 59↓48.6% | 115↑1002.5% | -13↓422.8% | 4 | |
| Income Before Tax | 2,483↑24.8% | 1,989↓3.8% | 2,068↑31.6% | 1,572↓12.7% | 1,801 | |
| Income Tax Expense | 577↑20.1% | 480↑9.8% | 437↑15.0% | 380↓10.3% | 424 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,905↑26.3% | 1,509↓7.5% | 1,631↑36.9% | 1,192↓13.5% | 1,377 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,905↑26.3% | 1,509↓7.5% | 1,631↑36.9% | 1,192↓13.5% | 1,377 | |
| Bottom-Line Net Income | 1,905↑26.3% | 1,509↓7.5% | 1,631↑36.9% | 1,192↓13.5% | 1,377 | |
| EPS (Basic) | 1.95↑30.0% | 1.50↓3.8% | 1.56↑38.1% | 1.13↓13.1% | 1.30 | |
| EPS (Diluted) | 1.94↑30.2% | 1.49↓3.2% | 1.54↑37.5% | 1.12↓13.2% | 1.29 | |
| Weighted Average Shares | 976↓2.9% | 1,005↓3.9% | 1,045↓0.8% | 1,054↓0.4% | 1,058 | |
| Weighted Average Diluted Shares | 984↓2.8% | 1,013↓4.2% | 1,058↓0.8% | 1,066↓0.5% | 1,071 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.