TAPNYSEMalt BeveragesFiscal year ends December 31Also trades as TAP.A
MOLSON COORS BEVERAGE CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$39.33−0.19 (-0.48%)
Close on Oct 19, 2026
- Market cap
- $7.38B
- P/E (TTM)
- –
- Dividend yield
- 4.78%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
32.8%+0.6 pts over 5 years
Operating margin
-17.9%−14.4 pts over 5 years
Net margin
-16.4%−8.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.1% | +0.6% | +2.2% | +13.8% | |
| Gross profit | -5.7% | +5.4% | +2.6% | +11.5% | |
| Free cash flow | -13.6% | +8.3% | -1.0% | +9.2% | |
| Dividend per share | +6.8% | +7.3% | +27.0% | +1.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 17.3% | -7.4% | -18.3% | |
| Return on assets | 7.7% | -3.4% | -8.8% | |
| Current ratio | 0.69 | 0.62 | 0.55 | |
| Debt to equity | 1.06 | 0.67 | 0.62 | |
| Net debt to EBITDA | 3.10× | 14.54× | -3.32× | |
| Interest coverage | 12.2× | -1.5× | -9.4× | |
| Inventory turnover | 12.2× | 12.4× | 12.1× | |
| Capex to revenue | 5.2% | 4.9% | 5.5% | |
| Diluted shares | 213M | 217M | 199M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Molson Coors Beverage generated $8.85B from operations and spent $6.37B on capital expenditure, dividends and share buybacks. 51% of that went back into the business.
Generated
$8.85B
Used
$6.37B
Capital expenditure$3.25B51%Dividends$1.58B25%Share buybacks$1.55B24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-16.4%
×Asset turnover0.53×
×Equity multiplier2.09×
=Return on equity, FY2025-18.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -16.4% | 0.53× | 2.09× | -18.3% |
| FY2024 | 8.2% | 0.52× | 1.99× | 8.5% |
| FY2023 | 6.8% | 0.53× | 2.02× | 7.3% |
| FY2022 | -1.4% | 0.48× | 2.05× | -1.3% |
| FY2021 | 8.1% | 0.45× | 2.13× | 7.8% |
| FY2020 | -8.1% | 0.42× | 2.18× | -7.4% |
| FY2019 | 1.9% | 0.44× | 2.19× | 1.8% |
| FY2018 | 8.4% | 0.44× | 2.28× | 8.4% |
| FY2017 | 11.6% | 0.45× | 2.44× | 12.8% |
| FY2016 | 24.2% | 0.32× | 2.25× | 17.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$2.14B
- Cash generatingOperating cash flow above zero$1.78B
- Return on assets improvedROA up on the prior year4.3% → -8.2%
- Earnings backed by cashOperating cash flow above net income$1.78B vs -$2.14B
- Less leverageLong-term debt to assets fell23.5% → 17.0%
- Better liquidityCurrent ratio rose0.94 → 0.55
- No dilutionShare count did not rise210M → 199M
- Gross margin improvedGross margin up on the prior year33.01% → 32.78%
- More efficientAsset turnover rose0.52 → 0.50