Monster Beverage Corp. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Monster Beverage Corp. reported net income of $1.91B on revenue of $8.29B. Operating cash flow was $2.10B and capital expenditures were $132.28M, leaving $1.97B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.05B | $3.37B | $3.81B | $4.20B | $4.60B | $5.54B | $6.31B | $7.14B | $7.49B | $8.29B |
| Gross profit | $1.94B | $2.14B | $2.30B | $2.52B | $2.72B | $3.11B | $3.17B | $3.79B | $4.05B | $4.63B |
| Operating income | $1.09B | $1.20B | $1.28B | $1.40B | $1.63B | $1.80B | $1.58B | $1.95B | $1.93B | $2.42B |
| Net income | $712.68M | $820.68M | $993.00M | $1.11B | $1.41B | $1.38B | $1.19B | $1.63B | $1.51B | $1.91B |
| Operating cash flow | $701.36M | $987.73M | $1.16B | $1.11B | $1.36B | $1.16B | $887.70M | $1.72B | $1.93B | $2.10B |
| Capital expenditures | $99.82M | $83.44M | $61.94M | $101.66M | $48.72M | $43.87M | $188.73M | $221.43M | $264.07M | $132.28M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | 55.8% | 29.2% | 23.0% |
| Dec 2024 | 54.0% | 25.8% | 20.1% |
| Dec 2023 | 53.1% | 27.4% | 22.8% |
| Dec 2022 | 50.3% | 25.1% | 18.9% |
| Dec 2021 | 56.1% | 32.4% | 24.9% |
Source: SEC EDGAR XBRL company facts for CIK 865752 (raw data). Most recent filing in this dataset: 10-Q filed Aug 7, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.