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Makes Monster Energy and other energy drinks, distributed largely through the Coca-Cola bottling system.
Makes Monster Energy and other energy drinks, distributed largely through the Coca-Cola bottling system.
Sells concentrate to bottlers and distributors, many of them Coca-Cola bottlers, who mix, can and deliver it to stores, so Monster owns little production or delivery equipment. In 2015 Coca-Cola took a minority stake and became its energy-drink partner, while Monster took over Coke's own energy brands.
Moat: narrow (brand, distribution). Strong brand loyalty in energy drinks and a Coca-Cola-backed distribution partnership provide reach.
Headquarters: Corona, California, US · Founded: 1935 · Employees: 6,891
Size Monster Beverage (MNST) is a United States Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $89.6B, the 145th largest of 3,117 United States companies the cockpit tracks. Shares closed at $91.43 on 6 Nov 2026.
Performance Over six months the shares gained 10.8%, against +7.7% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 20.4% over the last twelve months (peer median +11.7%); the operating margin is 29.2% (peer median 13.0%).
Valuation It trades at 36.2× forward earnings against a peer median of 17.2× (2nd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 28.3 points above its cost of capital (7.4% WACC).
Short interest Short interest is 2.3% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.22B | $8.29B | $7.49B | $7.14B | $6.31B |
| Revenue growth | — | +11% | +5% | +13% | — |
| Gross profit | $5.12B | $4.63B | $4.05B | $3.79B | $3.17B |
| EBITDA | $2.81B | $2.53B | $2.15B | $2.04B | $1.65B |
| Net income | $2.13B | $1.91B | $1.51B | $1.63B | $1.19B |
| Free cash flow | $2.10B | $1.97B | $1.66B | $1.50B | $699M |
| Capital expenditure | $162M | $158M | $306M | $242M | $238M |
| Total debt | $0 | $0 | $435M | $66.0M | $45.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Monster Beverage MNST | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
| Celsius CELH | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% |
| Keurig Dr Pepper KDP | $49.8B | +28% | +43% | 17% | 14.8× | 6.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MNST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.1% | +10.9% | 2nd lowest of 21 |
| 6-month return | +10.8% | +7.7% | 9th highest of 21 |
| Distance from 52-week high | -8.9% | -8.2% | 10th lowest of 21 |
| Revenue growth (TTM) | +20.4% | +11.7% | 7th highest of 21 |
| Operating margin | 29.2% | 13.0% | 3rd highest of 20 |
| Forward P/E | 36.2× | 17.2× | 2nd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 10.2% | 3.2% | 2nd most demanding of 20 |
| Growth delivered (Del g) | +12.5% | +10.4% | 9th highest of 20 |
| Hurdle (Req g minus delivered) | -2.3 pp | -14.4 pp | 6th most demanding of 20 |
| ROIC minus cost of capital | +28.3 pp | +9.1 pp | 5th highest of 20 |
| EV / EBITDA | 30.7× | 12.8× | most expensive of 19 |
| Net debt / EBITDA | -1.2× | 1.3× | 2nd least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Monster Beverage MNST | United States | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% | +12.5% |
| Nongfu Spring 9633.HK | Hong Kong | $64.9B | -1% | +27% | 38% | 24.0× | -0.2% | +17.3% |
| Coca-Cola Europacific Partners CCEP | United States | $51.0B | +23% | +10% | 14% | 21.8× | 3.9% | +14.3% |
| Keurig Dr Pepper KDP | United States | $49.8B | +28% | +43% | 17% | 14.8× | 6.3% | +7.4% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| Coca-Cola HBC CCH.L | United Kingdom | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% | +12.8% |
| Coca-Cola Company (The) KO | United States | $412B | +23% | +8% | 32% | 27.6× | 2.8% | +7.9% |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| Eastroc Beverage (Group) 9980.HK | Hong Kong | $11.7B | -40% | +18% | 26% | 13.2× | 3.2% | +32.2% |
| Tingyi 0322.HK | Hong Kong | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% | +2.4% |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Celsius CELH | United States | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% | +80.7% |
| Primo Brands PRMB | United States | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% | +27.8% |
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | United States | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% | +12.2% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |
| SDIC Zhonglu Fruit Juice 600962.SS | China | $2.62B | -1% | +100% | n/a | n/a | n/a | n/a |