MNSTMonster Beverage
When this report uses the words “the Company”, “we”, “us” and “our”, these words refer to Monster Beverage Corporation and its subsidiaries, unless the context otherwise requires. 10-K, Item 1
- Employees
- 6,891
- Headquarters
- Corona, CA
- CEO
- Hilton H. Schlosberg
- Next results
- around Feb 25, 2027
The biggest changes in the 10-K filed 2026-02-27, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
25.8% → 29.2% (+3.4 pts) Big change FY to 2025-12-31 vs 2024-12-31“The increase in operating expenses for the year ended December 31, 2025 was primarily due to increased payroll expenses of $80.4 million.”
Read it in the 10-K ↗
“The increase in operating income for the Monster Energy® Drinks segment was primarily the result of an increase in net sales.”
Read it in the 10-K ↗
Net income
+26.3% Big change FY to 2025-12-31 vs 2024-12-31“The decrease in the effective tax rate was primarily attributable to an increase in the stock-based compensation deduction for the year ended December 31, 2025.”
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“Therefore, gains and losses on our foreign currency exchange contracts are recognized in interest and other income, net, in the consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item.”
Read it in the 10-K ↗
Gross margin
54.0% → 55.8% (+1.8 pts) Big change FY to 2025-12-31 vs 2024-12-31“The increase in gross profit dollars was primarily the result of the increase in net sales.”
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Revenue
+10.7% Big change FY to 2025-12-31 vs 2024-12-31“The decrease in net sales for the year ended December 31, 2025 was primarily due to decreased sales of the Beast® Tea and The BeastTM product lines.”
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“The decrease in overall average net sales per case for our energy drink products for the year ended December 31, 2025 compared to the year ended December 31, 2024 was primarily due to adverse changes in foreign currency exchange rates as well as geographical sales mix.”
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Cash from operations
+8.8% FY to 2025-12-31 vs 2024-12-31“For the year ended December 31, 2025, cash provided by operating activities also increased due to a $98.3 million increase in accrued promotional allowances, an $81.3 million increase in accrued liabilities, a $78.5 million increase in accounts payable, a $27.8 million increase in income taxes payable, and a $17.8 million increase in accrued compensation.”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on MNST in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MNST/export.csv") into a cell.