# Monster Beverage Corporation (MNST)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $90.55B  
**Price:** $91.98 (+0.84%)

> Monster Beverage Corporation is a U.S.-based beverage company focused primarily on energy drinks within the nonalcoholic ready-to-drink market. The company develops, markets, and sells a broad portfolio of energy beverages through segments that include Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other. Its flagship Monster Energy lineup is complemented by extensions such as Monster Ultra, Java Monster, Juice Monster, and Reign, as well as additional brands like NOS, Burn, Bang, Relentless, and Mother, targeting varied taste profiles and use occasions. Monster Beverage Corporation also participates in alcoholic ready-to-drink categories through acquired brands, including beers and flavored malt beverages. The company primarily controls brand development, product innovation, and marketing, while largely outsourcing production and leveraging third-party bottlers and distributors for global reach, including partners in the Coca-Cola system. Headquartered in Corona, California, Monster Beverage Corporation today plays a significant role in the global energy drink segment and broader functional beverage space.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $8.29B | $4.63B | $2.42B | — | — |
| 2024 | $7.49B | $4.05B | $1.93B | — | — |
| 2023 | $7.14B | $3.79B | $1.95B | — | — |
| 2022 | $6.31B | $3.17B | $1.58B | — | — |
| 2021 | $5.54B | $3.11B | $1.80B | — | — |
| 2020 | $4.60B | $2.72B | $1.63B | — | — |
| 2019 | $4.20B | $2.52B | $1.40B | — | — |
| 2018 | $3.81B | $2.30B | $1.28B | — | — |
| 2017 | $3.37B | $2.14B | $1.20B | — | — |
| 2016 | $3.05B | $1.94B | $1.09B | — | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $9.99B | $1.73B | $8.25B | $2.09B | — |
| 2024 | $7.72B | $1.76B | $5.96B | $1.53B | $374M |
| 2023 | $9.69B | $1.46B | $8.23B | $2.30B | — |
| 2022 | $8.29B | $1.27B | $7.03B | $1.31B | — |
| 2021 | $7.80B | $1.24B | $6.57B | $1.33B | — |
| 2020 | $6.20B | $1.04B | $5.16B | $1.18B | — |
| 2019 | $5.15B | $979M | $4.17B | $798M | — |
| 2018 | $4.53B | $916M | $3.61B | $638M | — |
| 2017 | $4.79B | $896M | $3.90B | $529M | — |
| 2016 | $4.15B | $824M | $3.33B | $378M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2.10B | $132M | $1.97B |
| 2024 | $1.93B | $264M | $1.66B |
| 2023 | $1.72B | $221M | $1.50B |
| 2022 | $888M | $189M | $699M |
| 2021 | $1.16B | $44M | $1.11B |
| 2020 | $1.36B | $49M | $1.32B |
| 2019 | $1.11B | $102M | $1.01B |
| 2018 | $1.16B | $62M | $1.10B |
| 2017 | $988M | $83M | $904M |
| 2016 | $701M | $100M | $602M |
| 2015 | $523M | $36M | $487M |
| 2010 | $229M | $13M | $216M |
| 2009 | $156M | $24M | $133M |
| 2008 | $199M | $7M | $193M |

Source: [CompaniesByCap](https://companiesbycap.com/company/MNST)