Molson Coors Posts Lower 2025 Results Amid Headwinds

Molson Coors ( (TAP) ) has provided an update.

On February 18, 2026, Molson Coors reported its fourth-quarter and full-year 2025 results, showing a modest decline in sales and earnings amid a challenging macro backdrop. Fourth-quarter net sales fell 2.7% to $2.66 billion, with U.S. GAAP income before tax down 23.1% to $266.3 million and underlying pre-tax income down 13.8% in constant currency, while diluted underlying EPS slipped 6.9% to $1.21 as both financial and brand volumes declined.

For full-year 2025, net sales decreased 4.2% to $11.14 billion and the company swung to a U.S. GAAP pre-tax loss of $2.52 billion, driven largely by a $3.65 billion partial goodwill impairment and $273.9 million of intangible asset impairments recorded in the third quarter. Despite the headline loss, underlying pre-tax income fell a lesser 14.7% in constant currency to $1.39 billion and underlying diluted EPS declined 9.1% to $5.42, while strong cash generation of $1.78 billion from operations and $1.14 billion of free cash flow supported dividends and share buybacks, reinforcing management’s message of financial resilience but underscoring ongoing pressure from lower volumes and commodity inflation.

The most recent analyst rating on (TAP) stock is a Sell with a $49.00 price target. To see the full list of analyst forecasts on Molson Coors stock, see the TAP Stock Forecast page.

Spark’s Take on TAP Stock

According to Spark, TipRanks’ AI Analyst, TAP is a Neutral.

Molson Coors faces significant profitability and revenue challenges, reflected in a low financial performance score. Technical analysis shows mixed signals, and valuation is impacted by a negative P/E ratio. The earnings call provided some positive brand performance insights but also highlighted major financial declines and restructuring efforts. Overall, the stock score reflects these challenges and uncertainties.

To see Spark’s full report on TAP stock, click here.

More about Molson Coors

Molson Coors Beverage Company is a global beer and beverage producer listed in New York and Toronto, with major operations in North America and Europe. The company’s portfolio centers on iconic beer brands and related beverages, and it competes in a mature, macroeconomically sensitive alcohol market where commodity costs and consumer demand trends significantly influence performance and strategy.

Headquartered in Golden, Colorado, and Montréal, Québec, Molson Coors focuses on leveraging its brands, production infrastructure and distribution to sustain cash generation and shareholder returns. Management emphasizes maintaining a strong balance sheet, disciplined capital allocation and continued investment in brands and capabilities to support future growth despite volume pressures and input cost volatility.

Average Trading Volume: 3,258,774

Technical Sentiment Signal: Strong Buy

Current Market Cap: $10.54B

For an in-depth examination of TAP stock, go to TipRanks’ Overview page.