Molson Coors Beverage Company(TAP)Earnings, Financials & Key Ratios

TAP•NYSE

$39.04

Price updated Jul 7, 2026

SectorConsumer Defensive IndustryAlcoholic Beverages Sub-IndustryBeer Brewers and Bottlers

AboutMolson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.Show more

Revenue$11.14B-4.2%
EBITDA-$1.62B-164.4%
Net Income-$2.14B-290.6%
EPS (Diluted)-10.85-302.8%
Gross Margin37.58%-3.6%
EBITDA Margin-14.53%-167.2%
Operating Margin-21.01%-239.3%
Net Margin-19.21%-298.9%
ROE-17.83%-313.6%

TAP Price & Volume

Molson Coors Beverage Company (TAP) stock price & volume — 10-year historical chart

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Structural Revenue Volatility Masks Core Operational Challenges

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Strained

Financial:Strained

Cash Flow:Mixed

Primary Risk:Liquidity and asset impairment

Key Thesis Takeaways

Molson Coors faces a challenging outlook characterized by erratic top-line growth and significant structural margin volatility, as evidenced by the 2025Q3 operating loss of $3.4 billion.
While the company maintains a disciplined approach to SG&A expenses, the long-term decline in legacy beer consumption and elevated capital intensity—with CapEx/Revenue ratios frequently exceeding 8%—create persistent headwinds for sustainable value creation.
Investors should monitor the tightening liquidity profile, specifically the decline in the current ratio to 0.54 in 2026Q1, which may limit the firm's flexibility in navigating future market share shifts.

Verdict Logic

while the forward P/E of 8.77 suggests potential value, the significant deterioration in the current ratio to 0.54 and persistent free cash flow volatility warrant a cautious, wait-and-see approach.

TAP Growth Metrics

Molson Coors Beverage Company (TAP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.06%

5 Years2.91%

3 Years1.35%

TTM-1.3%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-303.68%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-314.08%

Return on Capital

10 Years4.11%

5 Years1.88%

3 Years0.86%

Last Year-11.58%

TAP Recent Earnings

Molson Coors Beverage Company (TAP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)

Q2 2026Latest

Apr 30, 2026

Metric

Actual

Est

EPS

$0.62+72.2%

$0.36

Rev

$2.4B+1.0%

$2.3B

Q1 2026

Feb 18, 2026

Metric

Actual

Est

EPS

$1.21+3.4%

$1.17

Rev

$2.7B-1.7%

$2.7B

Q4 2025

Nov 4, 2025

Metric

Actual

Est

EPS

$1.67-2.9%

$1.72

Rev

$3.0B+9.4%

$2.7B

Q3 2025

Aug 5, 2025

Metric

Actual

Est

EPS

$2.05+12.0%

$1.83

Rev

$3.2B+6.2%

$3.0B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 30, 2026	$0.62vs $0.36+72.2%	$2.4Bvs $2.3B+1.0%
Q1 2026	Feb 18, 2026	$1.21vs $1.17+3.4%	$2.7Bvs $2.7B-1.7%
Q4 2025	Nov 4, 2025	$1.67vs $1.72-2.9%	$3.0Bvs $2.7B+9.4%
Q3 2025	Aug 5, 2025	$2.05vs $1.83+12.0%	$3.2Bvs $3.0B+6.2%

Based on last 12 quarters of dataView full earnings history →

Latest TAP News

Recent stock market news and headlines for Molson Coors Beverage Company (TAP)

Seeking Alpha·Jun 25, 2026

Molson Coors Beverage: A Deeply Discounted Brewer With Strong Buy Potential

Molson Coors Beverage Company is rated Strong Buy, trading at deep discounts to peers despite solid cash flow and capital returns. TAP's operational efficiency improved, with gross margin rising to 38.2% and operating income up nearly 39%, even as sales growth remained modest. Share buybacks and dividends continue, but aggressive repurchases amid negative free cash flow and a $513.9M cash balance drop warrant close monitoring.

Peers Comparison

Key metrics vs top competitors for Molson Coors Beverage Company (TAP)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
TAPMolson Coors Beverage CompanyCurrent	$39.04	$7.33B	-3.60	-4.18%	-19.21%	-17.83%	4.93%
BUDAnheuser-Busch InBev SA/NV	$79.74	$137.22B	27.88	0.65%	10.49%	13.75%	—
SAMThe Boston Beer Company, Inc.	$183.16	$1.96B	18.52	3.69%	-2.92%	-7.3%	—
STZConstellation Brands, Inc.	$136.88	$23.38B	14.24	-10.47%	20.14%	22.3%	—
BGBunge Global S.A.	$110.91	$21.52B	22.54	32.42%	0.85%	4.28%	—
ADMArcher-Daniels-Midland Company	$78.20	$37.68B	35.07	-6.15%	1.34%	4.72%	—

Compare TAP vs Peers

Molson Coors Beverage Company (TAP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BUD

Most directly comparable listed peer for TAP.

Scale Benchmark

vs KO

Larger-name benchmark to compare TAP against a more recognizable public peer.

Peer Set

Compare Top 5

vs BUD, SAM, STZ, BG

TAP SEC Filings & Documents

Molson Coors Beverage Company (TAP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 30, 2026·SEC

Material company update

Feb 18, 2026·SEC

Material company update

Nov 20, 2025·SEC

10-K Annual Reports

FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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TAP Frequently Asked Questions

Molson Coors Beverage Company (TAP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Molson Coors Beverage Company's revenue?

Molson Coors Beverage Company (TAP) reported $11.19B in revenue for fiscal year 2025. This represents a 546% increase from $1.73B in 1996.

How fast is Molson Coors Beverage Company growing?

Molson Coors Beverage Company (TAP) saw revenue decline by 4.2% over the past year.

Is TAP profitable?

Molson Coors Beverage Company (TAP) reported a net loss of $2.11B for fiscal year 2025.

Dividend & Returns

Does TAP pay dividends?

Yes, Molson Coors Beverage Company (TAP) pays a dividend with a yield of 4.93%. This makes it attractive for income-focused investors.

What is TAP's return on equity?

Molson Coors Beverage Company (TAP) has a return on equity (ROE) of -17.8%. Negative ROE indicates the company is unprofitable.

What is Molson Coors Beverage Company's free cash flow?

Molson Coors Beverage Company (TAP) generated $1.17B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TAP back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

Apr 30, 2026

$0.62vs $0.36+72.2%

$2.4Bvs $2.3B+1.0%

Q1 2026

Feb 18, 2026

$1.21vs $1.17+3.4%

$2.7Bvs $2.7B-1.7%

Q4 2025

Nov 4, 2025

$1.67vs $1.72-2.9%

$3.0Bvs $2.7B+9.4%

Q3 2025

Aug 5, 2025

$2.05vs $1.83+12.0%

$3.2Bvs $3.0B+6.2%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

TAPMolson Coors Beverage CompanyCurrent

$39.04

$7.33B

-3.60

-4.18%

-19.21%

-17.83%

4.93%

BUDAnheuser-Busch InBev SA/NV

$79.74

$137.22B

27.88

0.65%

10.49%

13.75%

—

SAMThe Boston Beer Company, Inc.

$183.16

$1.96B

18.52

3.69%

-2.92%

-7.3%

—

STZConstellation Brands, Inc.

$136.88

$23.38B

14.24

-10.47%

20.14%

22.3%

—

BGBunge Global S.A.

$110.91

$21.52B

22.54

32.42%

0.85%

4.28%

—

ADMArcher-Daniels-Midland Company

$78.20

$37.68B

35.07

-6.15%

1.34%

4.72%

—