Monster Beverage Corporation
Description
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages. The company sells its products to full service beverage bottlers/distributors, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers, value stores, e-commerce retailers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. It provides its products under the Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Muscle Monster, Espresso Monster, Monster Tour Water, Fury, Monster MAXX, Caffe Monster, Monster Hydro, Monster HydroSport Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, and Reign Inferno Thermogenic Fuel, Reign Storm, Bang Energy, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play (stylized), Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, and Fury brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.
About
CEO
Mr. Rodney Cyril Sacks H.Dip.Law, H.Dip.Tax
Employees
5,254
Instrument type
Common Stock
Sector
Consumer Defensive
Industry
Beverages - Non-Alcoholic
MIC code
XNGS
Address
1 Monster Way, Corona, CA 92879, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 27, 2025 | 0.40 | — | — | — |
| Nov 8, 2024 | 0.43 | 0.40 | -0.03 | -6.98% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 12 | — | 18 |
| Average estimate | — | 0.46 | — | 1.87 |
| Low estimate | — | 0.44 | — | 1.74 |
| High estimate | — | 0.48 | — | 2.06 |
| Last year EPS | — | 0.42 | — | 1.63 |
[stock_revenue_estimate]
Growth estimates
Current qtr
15.200%
Next qtr. (Mar 2025)
9.740%
Current year
7.480%
Next year (Dec 2025)
12.630%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 7.14B | 6.31B | 5.54B | 4.60B | 4.20B |
| Cost of revenue | 3.35B | 3.14B | 2.43B | 1.87B | 1.68B |
| Gross profit | 3.79B | 3.17B | 3.11B | 2.72B | 2.52B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | — | — | — | — | — |
| Other operating expenses | — | — | — | — | — |
| Operating income | 1.95B | 1.58B | 1.80B | 1.63B | 1.40B |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | 115.13M | -12.76M | 3.95M | -7.00M | 13.02M |
| Pretax income | 2.07B | 1.57B | 1.80B | 1.63B | 1.42B |
| Tax provision | 437.49M | 380.34M | 423.94M | 216.56M | 308.13M |
| Net income | 1.63B | 1.19B | 1.38B | 1.41B | 1.11B |
| Basic EPS | 1.56 | 1.13 | 1.31 | 1.33 | 1.02 |
| Diluted EPS | 1.54 | 1.12 | 1.29 | 1.32 | 1.02 |
| Basic average shares | 1.04B | 1.05B | 1.06B | 1.06B | 1.08B |
| Diluted average shares | 1.04B | 1.05B | 1.06B | 1.06B | 1.08B |
| EBITDA | 2.02B | 1.65B | 1.85B | 1.69B | 1.46B |
| Net income from continuing op. | 1.63B | 1.19B | 1.38B | 1.41B | 1.11B |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 9.69B | 8.29B | 7.80B | 6.20B | 5.15B |
| Current assets | |||||
| Cash | — | 1.13B | 749.09M | 796.42M | 518.18M |
| Cash equivalents | — | 174.63M | 577.37M | 383.99M | 279.78M |
| Cash and cash equivalents | 2.30B | 1.31B | 1.33B | 1.18B | 797.96M |
| Other short term investments | 955.61M | 1.36B | 1.75B | 881.35M | 533.06M |
| Accounts receivable | 1.19B | 1.02B | 896.66M | 666.01M | 540.33M |
| Other receivables | — | — | — | — | — |
| Inventory | 971.41M | 935.63M | 593.36M | 333.09M | 360.73M |
| Prepaid assets | 54.15M | 33.79M | 33.24M | 24.73M | 29.36M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 116.20M | 109.82M | 82.67M | 55.36M | 54.87M |
| Non current assets | |||||
| Properties | 426.47M | 244.74M | 189.82M | 185.35M | 214.29M |
| Land and improvements | 152.25M | 139.80M | 85.46M | 85.88M | 78.28M |
| Machinery furniture equipment | 111.85M | 86.75M | 82.37M | 80.05M | 76.75M |
| Construction in progress | 211.56M | 83.55M | 20.13M | — | — |
| Leases | 37.95M | 31.33M | 11.80M | 11.52M | 10.42M |
| Accumulated depreciation | -261.24M | -233.16M | -224.79M | -204.75M | -207.43M |
| Goodwill | 4.26B | 4.06B | 3.74B | 3.72B | 3.72B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.43B | 1.22B | 1.07B | 1.06B | 1.05B |
| Investments and advances | 76.43M | 61.44M | 99.42M | 44.29M | 12.91M |
| Other non current assets | 285.22M | 311.52M | 305.47M | 312.13M | 138.75M |
| Total liabilities | 1.46B | 1.27B | 1.24B | 1.04B | 979.07M |
| Current liabilities | |||||
| Accounts payable | 564.38M | 444.27M | 404.26M | 296.80M | 274.05M |
| Accrued expenses | 453.05M | 428.62M | 422.43M | 329.31M | 280.84M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | 41.91M | 43.31M | 42.53M | 45.43M | 44.24M |
| Tax payable | 14.96M | 13.32M | 30.40M | 23.43M | 14.72M |
| Pensions | 87.39M | 72.46M | 65.46M | 55.02M | 47.26M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | — | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 91.84M | 42.29M | 29.51M | 27.43M | 30.51M |
| Shareholders equity | |||||
| Common stock | 5.61M | 6.42M | 3.20M | 3.19M | 3.18M |
| Retained earnings | 5.94B | 9.00B | 7.81B | 6.43B | 5.02B |
| Other shareholders equity | -125.34M | -159.07M | -69.17M | 3.03M | -32.39M |
| Total shareholders equity | 8.23B | 7.03B | 6.57B | 5.16B | 4.17B |
| Additional paid in capital | 4.98B | 4.78B | 4.65B | 4.54B | 4.40B |
| Treasury stock | 2.57B | 6.60B | 5.83B | 5.82B | 5.22B |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 1.63B | 1.19B | 1.38B | 1.41B | 1.11B | 993.00M | 820.68M | 712.69M | 546.73M | 483.19M | 338.66M | 340.02M | 286.22M | 212.03M | 208.72M | 108.03M | 149.41M | 97.95M | 62.78M | 20.39M | 5.93M | 3.03M | 3.02M | 3.92M | 4.50M | 3.60M | 1.30M | 400,000 | -1.30M | -1.40M | 600,000 | — | — | -200,000 | — |
| Depreciation | 68.90M | 61.24M | 50.16M | 57.03M | 60.73M | 56.98M | 48.89M | 40.85M | 30.86M | 25.65M | 22.76M | 20.56M | 17.08M | 11.78M | 5.91M | 3.47M | 2.18M | 1.59M | 1.08M | 843,000 | 646,085 | 548,452 | 943,947 | 685,735 | 600,000 | 500,000 | 600,000 | 600,000 | 700,000 | 700,000 | 600,000 | 300,000 | — | — | — |
| Deferred Taxes | 2.04M | 48.18M | 16.43M | -156.87M | 1.26M | -510,000 | 67.94M | -19.09M | -181.58M | -9.85M | -37.42M | -22.12M | -4.51M | -13.74M | -6.29M | -48.93M | -14.24M | -10.86M | -946,000 | -173,000 | -360,524 | 522,462 | 472,581 | -89,386 | -100,000 | 600,000 | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 68.84M | 64.11M | 70.48M | 70.29M | 63.36M | 57.11M | 52.28M | 45.85M | 32.72M | 28.55M | 28.76M | 28.41M | 19.42M | 16.86M | 14.04M | 13.90M | 10.25M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -36.34M | 7.34M | 4.11M | 3.94M | 4.09M | — | — | — | — | — | -1.58M | — | — | — | — | -33,000 | -120,000 | -8.87M | -1,000 | 1,000 | — | — | — | — | -100,000 | -100,000 | -100,000 | — | — | 100,000 | -100,000 | — | — | — | — |
| Accounts Receivable | -163.16M | -128.98M | -254.23M | -119.67M | -59.94M | -38.41M | 141.54M | -106.36M | -76.73M | -9.71M | -50.28M | -17.78M | -57.01M | -8.38M | 26.61M | -54.74M | -26.75M | -25.95M | -16.19M | -7.16M | 576,419 | -1.54M | 2.38M | -2.83M | -1.90M | -300,000 | -600,000 | 800,000 | -700,000 | -300,000 | — | 200,000 | — | — | — |
| Accounts Payable | 112.79M | 49.77M | 114.30M | 18.70M | 28.83M | 9.85M | 29.58M | 45.34M | 20.86M | 11.28M | -8.20M | 3.66M | 26.25M | 33.35M | -15.79M | 7.52M | 22.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 14.80M | -321.34M | -268.46M | 29.73M | -81.94M | -27.39M | -82.02M | 38.81M | -34.18M | 58.58M | -7.67M | -48.01M | 20.57M | -35.81M | 1.75M | 78.96M | 24.71M | 14.28M | -3.93M | -2.30M | -3.63M | -618,594 | -1.71M | -598,956 | -5.90M | 300,000 | -100,000 | 200,000 | -700,000 | -1.80M | -200,000 | -700,000 | -100,000 | 100,000 | — |
| Operating Cash Flow | 1.70B | 971.94M | 1.11B | 1.31B | 1.12B | 1.05B | 1.08B | 758.07M | 338.68M | 587.69M | 285.03M | 304.75M | 308.03M | 216.09M | 234.93M | 108.18M | 167.83M | 68.15M | 42.79M | 11.60M | 3.16M | 1.94M | 5.11M | 1.08M | -2.90M | 4.60M | 1.10M | 2.00M | -2.00M | -2.70M | 900,000 | -200,000 | -100,000 | -100,000 | — |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -218.91M | -187.41M | -42.54M | -47.73M | -100.42M | -57.65M | -82.02M | -99.01M | -34.68M | -26.99M | -31.74M | -42.65M | -25.03M | -12.43M | -22.68M | -6.56M | -3.85M | -4.55M | -1.34M | -1.24M | -1.56M | -416,873 | -503,489 | -1.18M | -200,000 | -400,000 | -200,000 | — | -300,000 | -600,000 | -200,000 | — | — | — | — |
| Net Intangibles | -13.30M | -23.43M | -13.59M | -18.55M | -8.74M | -12.98M | -9.69M | -5.52M | 172.77M | -3.41M | -11.18M | -6.30M | -5.13M | -9.85M | -5.22M | -4.35M | -2.92M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -363.39M | -329.47M | — | — | — | — | — | -688.49M | 198.01M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -1.62B | -1.85B | -2.41B | -1.30B | -1.07B | -826.08M | -971.81M | -452.48M | -2.03B | -1.13B | -557.42M | -606.66M | -616.45M | -317.38M | -74.98M | -131.62M | -361.60M | -249.01M | -22.64M | -23.60M | — | — | — | — | — | — | — | — | — | — | — | -100,000 | — | — | — |
| Sale of Investments | 2.03B | 2.25B | 1.49B | 920.20M | 851.44M | 1.18B | 533.18M | 989.29M | 2.10B | 723.37M | 264.89M | 927.08M | 473.18M | 128.59M | 97.17M | 288.24M | 173.06M | 159.21M | 28.08M | 6.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -180.10M | -137.94M | -978.44M | -453.94M | -317.99M | 285.94M | -521.85M | -250.68M | 227.30M | -436.99M | -328.63M | 278.15M | -167.90M | -202.66M | 746,000 | 148.34M | -191.81M | -95.23M | 3.22M | -18.77M | -2.44M | -92,209 | -682,234 | -7.85M | -1.50M | -500,000 | — | -100,000 | -400,000 | -1.00M | -300,000 | -5.80M | — | — | — |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | -3.09M | -13.57M | -1.89M | -2.58M | -2.36M | -1.08M | -1.62M | -1.89M | -2.08M | -1.94M | -420,000 | -1.54M | -1.17M | -910,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | — | 314.74M | 11.92M | 30.35M | 19.66M | 3.82M | 12.37M | 3.13M | 4.33M | 29.45M | 17.28M | — | — | — | — | — | — | 100,000 | — | — | — | — | — | -100,000 | -100,000 | — | 900,000 | — |
| Financing Cash Flow | -528.69M | -707.01M | 31.89M | -526.07M | -628.51M | -1.32B | -311.14M | -2.24B | 1.20B | 19.30M | -17.89M | -699.08M | -154.19M | 9.24M | -82.08M | -98.05M | 36.59M | -6.53M | 1.17M | 1.72M | 748,430 | 8,000 | 28,621 | -557,906 | 100,000 | 100,000 | — | — | — | 700,000 | 1.50M | — | — | 7.20M | — |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 2.30B | 1.31B | 1.33B | 1.18B | 797.96M | 637.51M | 528.62M | 377.58M | 2.18B | 370.32M | 211.35M | 222.51M | 359.33M | 354.84M | 328.35M | 256.80M | 12.44M | 35.13M | 61.65M | 3.68M | 1.10M | 537,920 | 247,657 | 130,665 | 2.00M | 3.80M | 400,000 | — | — | — | — | — | — | — | — |
| Income Tax Paid | 423.22M | 380.00M | 420.52M | 355.51M | 293.81M | 200.77M | 389.49M | 431.27M | 224.93M | 267.25M | 174.28M | 230.22M | 147.93M | 136.37M | 125.84M | 118.34M | 73.05M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 363,000 | 431,000 | 134,000 | 44,000 | 320,000 | 60,000 | 75,000 | 68,000 | 29,000 | 34,000 | 49,000 | 48,000 | 48,000 | 13,000 | 50,000 | 49,000 | 52,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1.48B | 675.55M | 1.10B | 1.30B | 1.00B | 1.09B | 894.60M | 596.02M | 480.23M | 566.13M | 290.10M | 238.44M | 303.14M | 206.65M | 127.42M | 188.42M | 128.42M | 71.51M | 53.13M | 18.79M | 3.86M | 2.31M | 4.67M | -2.31M | 1.00M | 4.00M | 1.10M | 700,000 | -2.40M | -1.50M | 600,000 | -200,000 | -100,000 | — | — |
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