MNST · XBRL financial data

Monster Beverage financial statements, every fiscal year

The same tables from 8 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (MNST's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	4,599	5,541	6,311	7,140	7,493	8,294
Cost of goods and services sold	1,875	2,433	3,136	3,346	3,444	3,662
Gross profit	2,724	3,109	3,175	3,794	4,049	4,632
Total operating expenses	1,091	1,311	1,590	1,841	2,119	2,213
Operating income (loss)	1,633	1,797	1,585	1,953	1,930	2,419
Other income (expense)	(7)	4	(13)	115	59	63
Income tax expense (benefit)	217	424	380	437	480	577
Weighted average shares, basic‡ millions of shares	1,059	1,058	1,054	1,045	1,005	976
Weighted average shares, diluted‡ millions of shares	1,070	1,071	1,066	1,058	1,013	984

‡ Per-share figures and share counts are adjusted for the 2-for-1 stock split (February 2023); filings made before it reported them unadjusted.

Fiscal years (MNST's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,180	1,326	1,307	2,298	1,533	2,088
Short-term investments	881	1,750	1,362	956	0	677
Accounts receivable	666	897	1,016	1,194	1,222	1,618
Inventory	333	593	936	971	737	800
Prepaid and other current assets	55	83	110	116	107	104
Total current assets	3,141	4,682	4,765	5,589	3,642	5,361
Property and equipment, net	315	314	517	891	1,047	1,082
Right-of-use asset	23	23	38	59	55	—
Goodwill	1,332	1,332	1,418	1,418	1,332	1,332
Total assets	6,203	7,805	8,293	9,687	7,719	9,989
Accounts payable	297	404	444	564	467	566
Accrued liabilities	143	211	173	184	221	306
Current portion of long-term debt	—	—	—	0	0	—
Total current liabilities	750	965	1,002	1,162	1,098	1,448
Long-term debt	—	—	—	0	374	—
Lease liability, non-current	—	—	30	48	44	—
Retained earnings	6,432	7,810	9,001	5,940	7,449	9,354
Total stockholders' equity	5,161	6,567	7,025	8,229	5,958	8,254
Total liabilities and equity	6,203	7,805	8,293	9,687	7,719	9,989
Common shares outstanding (cover page)‡ millions of shares	1,056	1,059	1,045	1,041	973	978

‡ Per-share figures and share counts are adjusted for the 2-for-1 stock split (February 2023); filings made before it reported them unadjusted.

Fiscal years (MNST's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Stock-based compensation	70	70	64	69	91	126
Depreciation and amortization	61	50	61	69	80	114
Net cash from operating activities	1,364	1,156	888	1,718	1,929	2,098
Purchases of property and equipment	49	44	189	221	264	132
Net cash from investing activities	(472)	(992)	(161)	(193)	734	(1,317)
Proceeds from issuing common stock	73	46	64	130	79	165
Share repurchases	596	14	771	659	3,772	104
Net cash from financing activities	(526)	35	(707)	(543)	(3,329)	(324)
Net change in cash	382	146	(19)	991	(764)	555

SIC 2086 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 2086 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Monster Beverage	2,192	2,537	509*	979.5M	Q2 FY26 10-QJun 30, 2026
Keurig Dr Pepper	1,517	7,309	895*	1.4B	Q2 FY26 10-QJun 30, 2026
Constellation Brands	99	2,633	817*	not reported	Q2 FY27 10-QAug 31, 2026
Pepsico	10,675	25,274	5,585*	1.4B	Q3 FY26 10-QSep 5, 2026

Not investment advice. Not affiliated with the U.S. SEC.