10-K · February 27, 2026
Monster reported record net sales of $8,294,343,000 in 2025, a 10.7% increase versus 2024, with gross margin expanding to 55.8% and operating margin to 29.2%. Net income rose 26.3% to $1,905,432,000 (diluted EPS $1.94),…
Earnings analysis · 10-Q
MNST earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Monster Beverage Corporation reported a strong Q1 2026 with net sales reaching $2.35 billion, a significant increase of 26.9% year-over-year. The company achieved an EPS of $0.58, exceeding estimates, marking a 27.6%…
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Monster Beverage Corporation reported a strong Q1 2026 with net sales reaching $2.35 billion, a significant increase of 26.9% year-over-year. The company achieved an EPS of $0.58, exceeding estimates, marking a 27.6% increase from the prior year. Growth was driven primarily by robust international sales and strong performance in the Monster Energy Drinks segment.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.58
What stood out
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Revenue Increased 26.9% YoY
Net sales for Q1 2026 were $2.35 billion, up from $1.85 billion in Q1 2025.
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EPS Beat Estimates
Reported diluted EPS was $0.58, beating the consensus estimate of $0.53.
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Monster Energy Drinks Performance
The Monster Energy Drinks segment had sales of $2.19 billion, up 27.6% from $1.72 billion in Q1 2025.
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International Sales Growth
Sales outside the U.S. surged 44.9% to $1.06 billion from $733.2 million in Q1 2025.
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Operating Income Up 28.1%
Operating income grew to $730 million, compared to $570 million in Q1 2025.
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Robust Operating Cash Flow
Cash provided by operating activities was $605 million, increasing from $508 million in Q1 2025.
What to watch
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Decline in Alcohol Brands Segment
Sales for the Alcohol Brands segment decreased by 5.9%, falling to $32.7 million from $34.7 million in Q1 2025.
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Increasing Operating Expenses
Operating expenses rose to $563.4 million, up 17.8% from $478.2 million in Q1 2025.
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Geographical Sales Mix Impacting Margins
Gross profit margin decreased to 55.0% from 56.5% year-over-year due to geographical sales mix and rising costs.
Management's outlook
Future guidance on revenues and profitability to be clarified in earnings press release.
Earlier filings 4
10-Q · November 7, 2025
Monster reported strong Q3 results with net sales of $2,197,139 (in thousands) and diluted EPS of $0.53, reflecting double‑digit year-over-year revenue growth and margin expansion. Gross margin widened to ~55.7% and…
10-K · February 28, 2025
Monster delivered record annual net sales of $7.49 billion in 2024 (up 4.9% vs. 2023, foreign‑currency adjusted +8.4%) with gross margin expanding to 54.0% and Monster Energy® Drinks remaining the core business at $6.86…
10-Q · November 8, 2024
Monster Beverage reported Q3 net sales of $1,880,973 (Q3 2023: $1,856,028), a modest year-over-year increase, but operating income contracted to $479,916 from $510,527 and diluted EPS fell to $0.38 from $0.43. Gross…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.