10-KPeriod: FY2025

Monster Beverage Corp Annual Report, Year Ended Dec 31, 2025

Filed February 27, 2026For Securities:MNST

Summary

Monster Beverage Corporation (MNST) reported record annual net sales of $8.29 billion for the fiscal year ended December 31, 2025, representing a significant 10.7% increase year-over-year. This growth was primarily driven by strong performance in the core Monster Energy® Drinks segment, which saw net sales rise by 11.7% to $7.67 billion. The company demonstrated improved profitability, with gross profit increasing by 14.4% to $4.63 billion and gross profit margin expanding to 55.8%. Operating income also saw a substantial rise of 25.3% to $2.42 billion. International expansion continues to be a key growth driver, with net sales outside the United States increasing by 16.2% on a foreign currency adjusted basis, accounting for 41% of total net sales. Despite a slight decline in the Alcohol Brands segment, the company's overall financial health appears robust, supported by strong operating cash flow of $2.10 billion and a healthy working capital position of $3.91 billion. Monster Beverage Corporation remains focused on international growth, product innovation, and cost management to drive future profitable expansion.

Financial Statements
Beta
Revenue$8.29B
Cost of Revenue$3.66B
Gross Profit$4.63B
Operating Expenses$2.21B
Operating Income$2.42B
Net Income$1.91B
Shares Outstanding (Basic)975.89M
Shares Outstanding (Diluted)984.45M

Key Highlights

  • 1Record annual net sales of $8.29 billion for fiscal year 2025, up 10.7% from 2024.
  • 2Monster Energy® Drinks segment net sales increased 11.7% to $7.67 billion, driven by strong consumer demand.
  • 3Gross profit rose 14.4% to $4.63 billion, with gross profit margin improving to 55.8% from 54.0%.
  • 4Operating income increased by 25.3% to $2.42 billion, reflecting improved operational efficiency and sales growth.
  • 5International net sales grew 16.2% on a foreign currency adjusted basis, now representing 41% of total net sales.
  • 6Operating cash flow of $2.10 billion demonstrates strong cash generation.
  • 7The company implemented price increases in late 2025 and 2024, which positively impacted gross profit margins.

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