Monster Beverage (MNST) financials
Monster Beverage revenue and earnings by year
Monster Beverage's revenue was $8.29 billion in the fiscal year to December 31, 2025, up 10.7% from the year before. Net income was $1.91 billion, 23.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 11.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.29 | 7.49 | 7.14 | 6.31 | 5.54 | 4.60 | 4.20 | 3.81 | 3.37 | 3.05 |
| Revenue growth | 10.7% | 4.9% | 13.1% | 13.9% | 20.5% | 9.5% | 10.3% | 13.0% | 10.5% | — |
| Gross profit | 4.63 | 4.05 | 3.79 | 3.17 | 3.11 | 2.72 | 2.52 | 2.30 | 2.14 | 1.94 |
| Gross margin | 55.8% | 54.0% | 53.1% | 50.3% | 56.1% | 59.2% | 60.0% | 60.3% | 63.5% | 63.7% |
| Operating income | 2.42 | 1.93 | 1.95 | 1.58 | 1.80 | 1.63 | 1.40 | 1.28 | 1.20 | 1.09 |
| Operating margin | 29.2% | 25.8% | 27.4% | 25.1% | 32.4% | 35.5% | 33.4% | 33.7% | 35.6% | 35.6% |
| Net income | 1.91 | 1.51 | 1.63 | 1.19 | 1.38 | 1.41 | 1.11 | 0.99 | 0.82 | 0.71 |
| Net margin | 23.0% | 20.1% | 22.8% | 18.9% | 24.9% | 30.7% | 26.4% | 26.1% | 24.4% | 23.4% |
| Diluted EPS | $0.97 | $0.74 | $0.78 | $0.56 | $0.65 | $0.66 | $0.51 | $0.44 | $0.36 | $0.30 |
| Free cash flow | 1.94 | 1.62 | 1.49 | 0.68 | 1.10 | 1.30 | 1.00 | 1.09 | 0.90 | 0.60 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MNST in Markets.
How Monster Beverage makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Monster Energy Drinks | $2.36B | 93.1% |
| Strategic Brands | $144M | 5.7% |
| Alcohol Brands | $32.2M | 1.3% |
See also: MNST valuation and P/E history · MNST returns
No forecast, no recommendation. This page describes Monster Beverage from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.