Monster Beverage Corporation (MNST) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.35B | 2.13B | 2.2B | 2.11B | 1.85B | 1.81B | 1.88B | 1.9B | 1.9B | 1.73B | 1.86B | 1.85B | 1.7B | 1.51B | 1.62B | 1.66B | 1.52B | 1.43B | 1.41B | 1.46B |
| Revenue Growth % | 26.89% | 17.61% | 16.81% | 11.1% | -2.35% | 4.74% | 1.34% | 2.46% | 11.78% | 14.35% | 14.27% | 12.06% | 11.88% | 6.17% | 15.15% | 13.22% | 22.09% | 19.12% | 13.17% | 33.64% |
| Cost of Goods Sold | 1.06B | 947.72M | 972.65M | 935.18M | 806.6M | 809.6M | 881.17M | 881.09M | 871.97M | 791.74M | 872.26M | 880.74M | 801.08M | 728.62M | 790.56M | 875.4M | 741.91M | 657.46M | 621.4M | 625.1M |
| COGS % of Revenue | 45.04% | 44.47% | 44.27% | 44.29% | 43.49% | 44.68% | 46.85% | 46.36% | 45.91% | 45.76% | 47% | 47.48% | 47.15% | 48.16% | 48.67% | 52.89% | 48.86% | 46.14% | 44.05% | 42.76% |
| Gross Profit | 1.29B | 1.18B | 1.22B | 1.18B | 1.05B | 1B | 999.8M | 1.02B | 1.03B | 938.37M | 983.76M | 974.22M | 897.85M | 784.32M | 833.73M | 779.86M | 776.67M | 767.58M | 789.16M | 836.84M |
| Gross Margin % | 54.96% | 55.53% | 55.73% | 55.71% | 56.51% | 55.32% | 53.15% | 53.64% | 54.09% | 54.24% | 53% | 52.52% | 52.85% | 51.84% | 51.33% | 47.11% | 51.14% | 53.86% | 55.95% | 57.24% |
| Gross Profit Growth % | 23.42% | 18.04% | 22.47% | 15.39% | 2.03% | 6.83% | 1.63% | 4.65% | 14.4% | 19.64% | 18% | 24.92% | 15.6% | 2.18% | 5.65% | -6.81% | 8.63% | 11.13% | 7.15% | 26.9% |
| Operating Expenses | 563.39M | 640.7M | 549.13M | 544.79M | 478.22M | 621.22M | 519.88M | 492.34M | 485.14M | 504.41M | 473.24M | 450.42M | 412.79M | 389.96M | 415.8M | 406.91M | 377.18M | 354.7M | 344.69M | 310.86M |
| OpEx % of Revenue | 23.94% | 30.06% | 24.99% | 25.8% | 25.79% | 34.28% | 27.64% | 25.9% | 25.55% | 29.16% | 25.5% | 24.28% | 24.3% | 25.78% | 25.6% | 24.58% | 24.84% | 24.89% | 24.44% | 21.26% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 494.12M | 519.88M | 0 | 0 | 480.81M | 465.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | 27.27% | 27.64% | - | - | 27.79% | 25.07% | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 729.96M | 542.63M | 675.35M | 631.62M | 569.75M | 381.22M | 479.92M | 527.16M | 541.99M | 433.96M | 510.53M | 523.8M | 485.06M | 394.35M | 417.93M | 372.95M | 399.49M | 412.88M | 444.46M | 525.98M |
| Operating Margin % | 31.02% | 25.46% | 30.74% | 29.91% | 30.72% | 21.04% | 25.51% | 27.74% | 28.54% | 25.08% | 27.51% | 28.24% | 28.55% | 26.07% | 25.73% | 22.53% | 26.31% | 28.97% | 31.51% | 35.98% |
| Operating Income Growth % | 28.12% | 42.34% | 40.72% | 19.82% | 5.12% | -12.15% | -6% | 0.64% | 11.74% | 10.04% | 22.16% | 40.45% | 21.42% | -4.49% | -5.97% | -29.09% | -3.54% | 2.63% | -3.08% | 29.15% |
| EBITDA | 758.36M | 575.05M | 704.97M | 659.18M | 594.59M | 401.84M | 499.82M | 546.6M | 562.47M | 452.49M | 528.51M | 539.38M | 501.87M | 409.55M | 433.54M | 388.78M | 414.09M | 422.32M | 456.82M | 538.65M |
| EBITDA Margin % | 32.23% | 26.98% | 32.09% | 31.22% | 32.06% | 22.18% | 26.57% | 28.76% | 29.62% | 26.15% | 28.48% | 29.08% | 29.54% | 27.07% | 26.69% | 23.49% | 27.27% | 29.64% | 32.39% | 36.84% |
| EBITDA Growth % | 27.54% | 43.11% | 41.04% | 20.6% | 5.71% | -11.2% | -5.43% | 1.34% | 12.07% | 10.48% | 21.91% | 38.74% | 21.2% | -3.02% | -5.1% | -27.82% | -3.02% | 1.18% | -3.3% | 27.41% |
| D&A (Non-Cash Add-back) | 28.4M | 32.42M | 29.62M | 27.56M | 24.85M | 20.61M | 19.91M | 19.44M | 20.48M | 18.53M | 17.98M | 15.58M | 16.81M | 15.2M | 15.61M | 15.83M | 14.6M | 9.44M | 12.36M | 12.67M |
| EBIT | 729.96M | 568.59M | 675.35M | 631.62M | 582.02M | 381.22M | 479.92M | 527.16M | 577.85M | 433.96M | 510.53M | 523.8M | 485.06M | 394.35M | 417.93M | 372.95M | 399.49M | 412.88M | 444.46M | 525.98M |
| Net Interest Income | 19.57M | 25.8M | 23.7M | 16.3M | 12.8M | 7.1M | 5.6M | 33.3M | 41.2M | 37.9M | 39.3M | 29.4M | 23.5M | 14.9M | 9.6M | 3.8M | 1.5M | 1.1M | 800K | 1.1M |
| Interest Income | 20.17M | 26.1M | 24.2M | 18.1M | 16.8M | 17.5M | 18.1M | 38.2M | 41.2M | 37.9M | 39.3M | 29.4M | 23.5M | 14.9M | 9.6M | 3.8M | 1.5M | 1.1M | 800K | 1.1M |
| Interest Expense | 600K | 300K | 500K | 1.8M | 4M | 10.4M | 12.5M | 4.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 20.17M | 25.65M | 14.19M | 15.06M | 8.27M | 4.85M | -5.82M | 24.38M | 35.75M | 16.12M | 71.36M | 15.16M | 12.5M | -825K | 2.15M | -6.78M | -7.3M | 6.13M | -2.29M | 872K |
| Pretax Income | 750.13M | 568.29M | 689.54M | 646.69M | 578.02M | 386.08M | 474.1M | 551.54M | 577.75M | 450.08M | 581.88M | 538.96M | 497.56M | 393.53M | 420.08M | 366.17M | 392.19M | 419.01M | 442.17M | 526.85M |
| Pretax Margin % | 31.88% | 26.67% | 31.38% | 30.63% | 31.17% | 21.31% | 25.2% | 29.02% | 30.42% | 26.01% | 31.35% | 29.06% | 29.29% | 26.01% | 25.86% | 22.12% | 25.83% | 29.4% | 31.35% | 36.04% |
| Income Tax | 180.64M | 119.1M | 165.08M | 157.89M | 135.02M | 115.37M | 103.18M | 126.17M | 135.7M | 83.1M | 129.19M | 125.09M | 100.12M | 91.85M | 97.69M | 92.81M | 97.99M | 97.7M | 104.97M | 123.08M |
| Effective Tax Rate % | 24.08% | 20.96% | 23.94% | 24.42% | 23.36% | 29.88% | 21.76% | 22.88% | 23.49% | 18.46% | 22.2% | 23.21% | 20.12% | 23.34% | 23.26% | 25.35% | 24.98% | 23.32% | 23.74% | 23.36% |
| Net Income | 569.49M | 449.19M | 524.46M | 488.79M | 442.99M | 270.71M | 370.92M | 425.37M | 442.05M | 366.98M | 452.69M | 413.87M | 397.44M | 301.67M | 322.39M | 273.36M | 294.2M | 321.31M | 337.2M | 403.76M |
| Net Margin % | 24.2% | 21.08% | 23.87% | 23.15% | 23.89% | 14.94% | 19.72% | 22.38% | 23.28% | 21.21% | 24.39% | 22.31% | 23.39% | 19.94% | 19.85% | 16.51% | 19.37% | 22.55% | 23.91% | 27.62% |
| Net Income Growth % | 28.55% | 65.93% | 41.39% | 14.91% | 0.21% | -26.23% | -18.06% | 2.78% | 11.22% | 21.65% | 40.42% | 51.4% | 35.09% | -6.11% | -4.39% | -32.3% | -6.66% | -31.89% | -3.01% | 29.67% |
| Net Income (Continuing) | 569.49M | 449.19M | 524.46M | 488.79M | 442.99M | 270.71M | 370.92M | 425.37M | 442.05M | 366.98M | 452.69M | 413.87M | 397.44M | 301.67M | 322.39M | 273.36M | 294.2M | 321.31M | 337.2M | 403.76M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.58 | 0.46 | 0.53 | 0.50 | 0.45 | 0.28 | 0.38 | 0.41 | 0.42 | 0.35 | 0.43 | 0.39 | 0.38 | 0.29 | 0.30 | 0.26 | 0.27 | 0.30 | 0.32 | 0.38 |
| EPS Growth % | 28.89% | 64.29% | 39.47% | 21.95% | 7.14% | -20% | -11.63% | 5.13% | 10.53% | 20.69% | 43.33% | 50% | 40.74% | -3.33% | -6.25% | -31.58% | -10% | -31.82% | -3.03% | 26.67% |
| EPS (Basic) | 0.58 | 0.46 | 0.54 | 0.50 | 0.45 | 0.28 | 0.38 | 0.41 | 0.42 | 0.35 | 0.43 | 0.40 | 0.38 | 0.29 | 0.31 | 0.26 | 0.28 | 0.30 | 0.32 | 0.38 |
| Diluted Shares Outstanding | 988.26M | 986.81M | 984.97M | 984M | 981.28M | 980.94M | 983.17M | 1.04B | 1.05B | 1.05B | 1.06B | 1.06B | 1.06B | 1.06B | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B |
| Basic Shares Outstanding | 978.31M | 977.52M | 976.61M | 975.75M | 973.62M | 972.74M | 975.84M | 1.03B | 1.04B | 1.04B | 1.05B | 1.05B | 1.04B | 1.04B | 1.05B | 1.06B | 1.06B | 1.06B | 1.06B | 1.06B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |