Monster Beverage Corporation (MNST) Financial Statements
Monster Beverage financial statements at a glance
Monster Beverage reported revenue of $8.29 billion for fiscal year 2025 (ended December 31, 2025), up 10.7% from fiscal year 2024. Net income was $1.91 billion, a net margin of 23.0%, and diluted earnings per share were $1.94.
At the end of fiscal year 2025 it had total assets of $9.99 billion, total liabilities of $1.73 billion and shareholders' equity of $8.25 billion, with cash and short-term investments of $2.77 billion.
Its operations brought in $2.10 billion of cash; capital spending was $157.53 million, leaving free cash flow of $1.94 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Monster Beverage Corporation
Income Statement
Annual • USD
Monster Beverage key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $8.3B | $7.5B | $7.1B | $6.3B | $5.5B |
| Gross profit | $4.6B | $4.0B | $3.8B | $3.2B | $3.1B |
| Operating income | $2.4B | $1.9B | $2.0B | $1.6B | $1.8B |
| Net income | $1.9B | $1.5B | $1.6B | $1.2B | $1.4B |
| Diluted EPS | $1.94 | $1.62 | $1.54 | $1.11 | $1.28 |
| Total assets | $10.0B | $7.7B | $9.7B | $8.3B | $7.8B |
| Total liabilities | $1.7B | $1.8B | $1.5B | $1.3B | $1.2B |
| Shareholders' equity | $8.3B | $6.0B | $8.2B | $7.0B | $6.6B |
| Cash and short-term investments | $2.8B | $1.5B | $3.3B | $2.7B | $3.1B |
| Total debt | – | $374.0M | – | – | – |
| Operating cash flow | $2.1B | $1.9B | $1.7B | $887.7M | $1.2B |
| Capital spending | $157.5M | $306.4M | $234.7M | $212.2M | $57.5M |
| Free cash flow | $1.9B | $1.6B | $1.5B | $675.5M | $1.1B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Monster Beverage's revenue in fiscal year 2025?
$8.29 billion, up 10.7% from $7.49 billion in fiscal year 2024.
How much profit does Monster Beverage make?
Monster Beverage reported net income of $1.91 billion for fiscal year 2025 (23.0% of revenue); operating income was $2.42 billion.
How much cash and debt does Monster Beverage have?
At the end of fiscal year 2025: cash and short-term investments of $2.77 billion.
What is Monster Beverage's free cash flow?
$1.94 billion in fiscal year 2025 (operating cash flow of $2.10 billion minus capital spending of $157.53 million).
