Monster Beverage (MNST)
NASDAQ:MNST
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Monster Beverage
(NASDAQ:MNST)
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Rating:83Outperform
Price Target:
$100.00
▲(30.34% Upside)
Action:Reiterated
Date:05/16/26
MNST scores well primarily due to high-quality financials (strong margins, strong cash generation, and very low balance-sheet risk) and a solid, optimistic earnings outlook with rapid international growth. The score is tempered by a premium valuation (P/E ~31) and technically extended conditions (RSI ~71) despite a clear uptrend.
Positive Factors
Strong free cash flow generation
Consistent, high free cash flow that closely tracks reported earnings provides durable funding for reinvestment, marketing, international rollouts, and buybacks. This cash conversion reduces reliance on external financing and supports capital allocation flexibility across cycles.
Negative Factors
Margin pressure from input and mix
Rising commodity, can and freight costs and adverse geographic mix create persistent margin headwinds. If cost inflation persists or pricing lags, structural margin compression could limit reinvestment capacity and reduce the margin buffer during slower sales periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistent, high free cash flow that closely tracks reported earnings provides durable funding for reinvestment, marketing, international rollouts, and buybacks. This cash conversion reduces reliance on external financing and supports capital allocation flexibility across cycles.
Read all positive factors
Monster Beverage Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where Monster Beverage is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Monster Beverage is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyMonster Beverage (MNST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$84.42B
Dividend YieldN/A
Average Volume (3M)5.12M
Price to Earnings (P/E)31.1
Beta (1Y)0.40
Revenue Growth18.06%
EPS Growth36.22%
CountryUS
Employees6,891
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)2.08
Shares Outstanding978,008,100
10 Day Avg. Volume6,639,131
30 Day Avg. Volume5,120,450
Financial Highlights & Ratios
PEG Ratio1.31
Price to Book (P/B)9.06
Price to Sales (P/S)9.02
P/FCF Ratio38.06
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue9.42
Enterprise Value/Gross Profit16.98
Enterprise Value/Ebitda30.42
Forecast
1Y Price Target
$92.76Price Target Upside20.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)2.29
Revenue Forecast (FY)$9.53B
Monster Beverage Business Overview & Revenue Model
Company Description
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Mon...
How the Company Makes Money
Monster Beverage primarily makes money by selling branded ready-to-drink beverages—chiefly energy drinks—to bottlers, distributors, and retail channels, generating revenue from wholesale product sales. Its core revenue stream is the Monster Energy...
Monster Beverage Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed strong top-line momentum, broad-based international expansion, robust segment growth (Monster Energy Drinks and Strategic Brands), significant operating income and EPS gains, and an active innovation and marketing program. Headwinds include margin pressure from geographic mix, elevated aluminum and freight costs, higher operating expenses and a modest decline in the Alcohol Brands segment, as well as a pronounced revenue reduction in Argentina driven by a pricing/model change. Management emphasized pricing discipline, hedging, and innovation to offset cost pressures.Positive Updates
Record Quarterly Net Sales
Net sales of $2.35 billion in Q1 FY2026, up 26.9% year-over-year; net sales excluding Alcohol Brands +27.5%.
Negative Updates
Gross Margin Pressure
Gross profit margin declined to 55.0% in Q1 FY2026 from 56.5% prior year (adjusted, excluding Alcohol Brands: 55.3% vs 57.1%), driven by geographic sales mix (~120 bps adverse impact), higher aluminum can costs and increased freight-in.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly Net Sales
Net sales of $2.35 billion in Q1 FY2026, up 26.9% year-over-year; net sales excluding Alcohol Brands +27.5%.
Read all positive updates
Company Guidance
Management's directional guidance and expectations emphasized continued top‑line momentum and modest cost headwinds: Q1 net sales hit $2.35 billion (+26.9% y/y; +27.5% excl. Alcohol Brands) with FX‑adjusted net sales +22.1% (+22.6% excl. Alcohol), Monster Energy Drinks sales $2.19 billion (+27.6%), Strategic Brands $126.7 million (+28.9%) and Alcohol Brands $32.7 million (‑5.9%); gross profit was 55.0% (adjusted excl. Alcohol 55.3% vs. 56.5%/57.1% prior), operating income $730.0 million (+28.1%; adjusted $733.5M, +24.1%), operating expenses $563.4M (23.9% of sales; adjusted $549.3M, 23.7%), diluted EPS $0.58 (+27.6%; adjusted $0.58, +23.7%), and April sales were preliminarily ~+24.4% on a non‑FX basis (~+21.6% FX‑adjusted; ~+24.9%/+22.1% excl. Alcohol); management noted an aluminum headwind just under 1% of margin and expects modest sequential cost increases through at least end‑2026, will continue hedging and is reviewing domestic and international pricing actions, repurchased 1.4M shares at an average $73.86 (~$100M) with ~$400M remaining, and plans an SAP S/4HANA go‑live on Jan 1, 2028.Monster Beverage Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.79B | 8.29B | 7.49B | 7.14B | 6.31B | 5.54B |
| Gross Profit | 4.88B | 4.63B | 4.05B | 3.79B | 3.17B | 3.11B |
| EBITDA | 2.72B | 2.60B | 2.01B | 2.02B | 1.65B | 1.85B |
| Net Income | 2.03B | 1.91B | 1.51B | 1.63B | 1.19B | 1.38B |
Balance Sheet | ||||||
| Total Assets | 10.84B | 9.99B | 7.72B | 9.69B | 8.29B | 7.80B |
| Cash, Cash Equivalents and Short-Term Investments | 2.98B | 2.77B | 1.53B | 3.25B | 2.67B | 3.08B |
| Total Debt | 0.00 | 0.00 | 373.95M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.12B | 1.73B | 1.76B | 1.46B | 1.27B | 1.24B |
| Stockholders Equity | 8.73B | 8.25B | 5.96B | 8.23B | 7.03B | 6.57B |
Cash Flow | ||||||
| Free Cash Flow | 2.07B | 1.97B | 1.62B | 1.48B | 675.55M | 1.10B |
| Operating Cash Flow | 2.20B | 2.10B | 1.93B | 1.72B | 887.70M | 1.16B |
| Investing Cash Flow | -1.81B | -1.32B | 733.73M | -193.40M | -161.37M | -992.02M |
| Financing Cash Flow | -296.96M | -324.42M | -3.33B | -542.60M | -706.94M | 34.82M |
Monster Beverage Technical Analysis
Positive
76.72
Price Trends
77.66
Positive
78.85
Positive
73.73
Positive
Market Momentum
2.90
Negative
66.05
Neutral
58.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MNST, the sentiment is Positive. The current price of 76.72 is below the 20-day moving average (MA) of 82.08, below the 50-day MA of 77.66, and above the 200-day MA of 73.73, indicating a bullish trend. The MACD of 2.90 indicates Negative momentum. The RSI at 66.05 is Neutral, neither overbought nor oversold. The STOCH value of 58.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MNST.
Monster Beverage Risk Analysis
Monster Beverage disclosed 39 risk factors in its most recent earnings report. Monster Beverage reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Monster Beverage Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $84.42B | 31.12 | 25.46% | ― | 18.06% | 36.22% | |
78 Outperform | $349.23B | 21.03 | 43.62% | 2.92% | 6.74% | 27.16% | |
69 Neutral | $3.31B | 19.35 | 35.99% | ― | 1.01% | 1.21% | |
69 Neutral | $203.44B | 21.93 | 43.94% | 3.91% | 4.29% | -6.45% | |
65 Neutral | $39.16B | 33.14 | 7.25% | 3.12% | 9.19% | 21.61% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | $7.59B | 20.71 | 7.51% | ― | 123.34% | 32.74% |
* Consumer Defensive Sector Average
MNST
Monster Beverage
86.79
23.43
36.98%
KO
Coca-Cola
81.48
11.73
16.82%
KDP
Keurig Dr Pepper
29.12
-2.73
-8.57%
FIZZ
National Beverage
35.28
-8.67
-19.73%
PEP
PepsiCo
150.57
26.21
21.08%
CELH
Celsius Holdings
30.12
-5.98
-16.57%
Monster Beverage Corporate Events
Stock BuybackShareholder Meetings
Monster Beverage Announces New $500 Million Share Repurchase
Positive
May 15, 2026
At its May 14, 2026 annual meeting, Monster Beverage stockholders re-elected ten directors to serve until the 2027 meeting, ratified Ernst Young as the independent auditor for the 2026 fiscal year and approved, on an advisory basis, executive com...
Business Operations and StrategyStock BuybackFinancial Disclosures
Monster Beverage Delivers Strong First-Quarter 2026 Results
Positive
May 7, 2026
Monster Beverage Corporation reported strong financial results for the quarter ended March 31, 2026, with net sales rising 26.9% year-on-year to $2.35 billion and foreign-currency-adjusted sales up 22.1%, driven primarily by 27.6% growth in the Mo...
Business Operations and StrategyFinancial Disclosures
Monster Beverage Delivers Strong Fourth-Quarter 2025 Results
Positive
Feb 26, 2026
Monster Beverage reported strong fourth-quarter 2025 results on February 26, 2026, with net sales up 17.6% year-on-year to $2.13 billion, marking its first fiscal fourth quarter above $2.0 billion, driven largely by its Monster Energy Drinks segme...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.