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 operating margin
Operating margin is operating income as a percentage of revenue.
Monster Beverage's operating margin for the twelve months ending Sep 30, 2026 was 28.5%. For fiscal 2025 it was 29.2%, against 25.8% the year before. The highest annual figure on record is 35.6% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 29.2% | +3.4 |
| FY2024 | Dec 31, 2024 | 25.8% | −1.6 |
| FY2023 | Dec 31, 2023 | 27.4% | +2.2 |
| FY2022 | Dec 31, 2022 | 25.1% | −7.3 |
| FY2021 | Dec 31, 2021 | 32.4% | −3.1 |
| FY2020 | Dec 31, 2020 | 35.5% | +2.1 |
| FY2019 | Dec 31, 2019 | 33.4% | −0.3 |
| FY2018 | Dec 31, 2018 | 33.7% | −1.9 |
| FY2017 | Dec 31, 2017 | 35.6% | −0.0 |
| FY2016 | Dec 31, 2016 | 35.6% | +2.8 |
| FY2015 | Dec 31, 2015 | 32.8% | +2.5 |
| FY2014 | Dec 31, 2014 | 30.3% | +4.8 |
| FY2013 | Dec 31, 2013 | 25.5% | −1.2 |
| FY2012 | Dec 31, 2012 | 26.7% | −0.1 |
| FY2011 | Dec 31, 2011 | 26.8% | +0.1 |
| FY2010 | Dec 31, 2010 | 26.7% | −2.8 |
| FY2009 | Dec 31, 2009 | 29.5% | +13.7 |
| FY2008 | Dec 31, 2008 | 15.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 28.0% | −2.7 |
| Q2 FY2026 | Jun 30, 2026 | 29.2% | −0.7 |
| Q1 FY2026 | Mar 31, 2026 | 31.0% | +0.3 |
| Q4 FY2025 | Dec 31, 2025 | 25.5% | +4.4 |
| Q3 FY2025 | Sep 30, 2025 | 30.7% | +5.2 |
| Q2 FY2025 | Jun 30, 2025 | 29.9% | +2.2 |
| Q1 FY2025 | Mar 31, 2025 | 30.7% | +2.2 |
| Q4 FY2024 | Dec 31, 2024 | 21.0% | −4.0 |
| Q3 FY2024 | Sep 30, 2024 | 25.5% | −2.0 |
| Q2 FY2024 | Jun 30, 2024 | 27.7% | −0.5 |
| Q1 FY2024 | Mar 31, 2024 | 28.5% | −0.0 |
| Q4 FY2023 | Dec 31, 2023 | 25.1% | −1.0 |
| Q3 FY2023 | Sep 30, 2023 | 27.5% | +1.8 |
| Q2 FY2023 | Jun 30, 2023 | 28.2% | +5.7 |
| Q1 FY2023 | Mar 31, 2023 | 28.6% | +2.2 |
| Q4 FY2022 | Dec 31, 2022 | 26.1% | −2.9 |
| Q3 FY2022 | Sep 30, 2022 | 25.7% | −5.8 |
| Q2 FY2022 | Jun 30, 2022 | 22.5% | −13.4 |
| Q1 FY2022 | Mar 31, 2022 | 26.3% | −7.0 |
| Q4 FY2021 | Dec 31, 2021 | 29.0% | −4.7 |
| Q3 FY2021 | Sep 30, 2021 | 31.5% | −5.3 |
| Q2 FY2021 | Jun 30, 2021 | 36.0% | −1.3 |
| Q1 FY2021 | Mar 31, 2021 | 33.3% | −1.1 |
| Q4 FY2020 | Dec 31, 2020 | 33.6% | +2.5 |
| Q3 FY2020 | Sep 30, 2020 | 36.8% | +1.9 |
| Q2 FY2020 | Jun 30, 2020 | 37.2% | +2.9 |
| Q1 FY2020 | Mar 31, 2020 | 34.4% | +1.4 |
| Q4 FY2019 | Dec 31, 2019 | 31.2% | −2.0 |
| Q3 FY2019 | Sep 30, 2019 | 34.9% | +1.5 |
| Q2 FY2019 | Jun 30, 2019 | 34.3% | −0.9 |
| Q1 FY2019 | Mar 31, 2019 | 32.9% | +0.0 |
| Q4 FY2018 | Dec 31, 2018 | 33.2% | +0.2 |
| Q3 FY2018 | Sep 30, 2018 | 33.4% | −1.5 |
| Q2 FY2018 | Jun 30, 2018 | 35.2% | −3.4 |
| Q1 FY2018 | Mar 31, 2018 | 32.9% | −2.7 |
| Q4 FY2017 | Dec 31, 2017 | 33.0% | −0.4 |
| Q3 FY2017 | Sep 30, 2017 | 34.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 38.6% | – |
| Q1 FY2017 | Mar 31, 2017 | 35.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 33.4% | – |
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