Monster Beverage Corp (MNST) stock
MNSTNasdaqBottled & Canned Soft Drinks & Carbonated WatersFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 10/302% below fair value
$46.46+0.89 (+1.95%)
Close on Nov 13, 2026Market cap $45.51BP/E 41.9Yield –
Monster Beverage gross margin
Gross margin is gross profit as a percentage of revenue.
Monster Beverage's gross margin for the twelve months ending Sep 30, 2026 was 55.3%. For fiscal 2025 it was 55.8%, against 54.0% the year before. The highest annual figure on record is 63.7% in fiscal 2016.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 55.8% | +1.8 |
| FY2024 | Dec 31, 2024 | 54.0% | +0.9 |
| FY2023 | Dec 31, 2023 | 53.1% | +2.8 |
| FY2022 | Dec 31, 2022 | 50.3% | −5.8 |
| FY2021 | Dec 31, 2021 | 56.1% | −3.1 |
| FY2020 | Dec 31, 2020 | 59.2% | −0.7 |
| FY2019 | Dec 31, 2019 | 60.0% | −0.3 |
| FY2018 | Dec 31, 2018 | 60.3% | −3.2 |
| FY2017 | Dec 31, 2017 | 63.5% | −0.2 |
| FY2016 | Dec 31, 2016 | 63.7% | +3.7 |
| FY2015 | Dec 31, 2015 | 60.0% | +5.6 |
| FY2014 | Dec 31, 2014 | 54.4% | +2.1 |
| FY2013 | Dec 31, 2013 | 52.2% | +0.5 |
| FY2012 | Dec 31, 2012 | 51.7% | −0.8 |
| FY2011 | Dec 31, 2011 | 52.5% | +0.3 |
| FY2010 | Dec 31, 2010 | 52.2% | −1.4 |
| FY2009 | Dec 31, 2009 | 53.6% | +1.4 |
| FY2008 | Dec 31, 2008 | 52.1% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 54.7% | −1.1 |
| Q2 FY2026 | Jun 30, 2026 | 55.9% | +0.2 |
| Q1 FY2026 | Mar 31, 2026 | 55.0% | −1.5 |
| Q4 FY2025 | Dec 31, 2025 | 55.5% | +0.2 |
| Q3 FY2025 | Sep 30, 2025 | 55.7% | +2.6 |
| Q2 FY2025 | Jun 30, 2025 | 55.7% | +2.1 |
| Q1 FY2025 | Mar 31, 2025 | 56.5% | +2.4 |
| Q4 FY2024 | Dec 31, 2024 | 55.3% | +1.1 |
| Q3 FY2024 | Sep 30, 2024 | 53.2% | +0.1 |
| Q2 FY2024 | Jun 30, 2024 | 53.6% | +1.1 |
| Q1 FY2024 | Mar 31, 2024 | 54.1% | +1.2 |
| Q4 FY2023 | Dec 31, 2023 | 54.2% | +2.4 |
| Q3 FY2023 | Sep 30, 2023 | 53.0% | +1.7 |
| Q2 FY2023 | Jun 30, 2023 | 52.5% | +5.4 |
| Q1 FY2023 | Mar 31, 2023 | 52.8% | +1.7 |
| Q4 FY2022 | Dec 31, 2022 | 51.8% | −2.0 |
| Q3 FY2022 | Sep 30, 2022 | 51.3% | −4.6 |
| Q2 FY2022 | Jun 30, 2022 | 47.1% | −10.1 |
| Q1 FY2022 | Mar 31, 2022 | 51.1% | −6.3 |
| Q4 FY2021 | Dec 31, 2021 | 53.9% | −3.9 |
| Q3 FY2021 | Sep 30, 2021 | 55.9% | −3.1 |
| Q2 FY2021 | Jun 30, 2021 | 57.2% | −3.0 |
| Q1 FY2021 | Mar 31, 2021 | 57.5% | −2.5 |
| Q4 FY2020 | Dec 31, 2020 | 57.7% | −2.3 |
| Q3 FY2020 | Sep 30, 2020 | 59.1% | −0.3 |
| Q2 FY2020 | Jun 30, 2020 | 60.3% | +0.4 |
| Q1 FY2020 | Mar 31, 2020 | 60.0% | −0.6 |
| Q4 FY2019 | Dec 31, 2019 | 60.0% | +0.3 |
| Q3 FY2019 | Sep 30, 2019 | 59.4% | −0.4 |
| Q2 FY2019 | Jun 30, 2019 | 59.9% | −1.2 |
| Q1 FY2019 | Mar 31, 2019 | 60.6% | +0.1 |
| Q4 FY2018 | Dec 31, 2018 | 59.7% | −2.4 |
| Q3 FY2018 | Sep 30, 2018 | 59.8% | −2.8 |
| Q2 FY2018 | Jun 30, 2018 | 61.1% | −3.3 |
| Q1 FY2018 | Mar 31, 2018 | 60.6% | −4.2 |
| Q4 FY2017 | Dec 31, 2017 | 62.1% | −3.9 |
| Q3 FY2017 | Sep 30, 2017 | 62.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 64.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 64.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 66.1% | – |
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