Monster Beverage
MNSTNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $45.34 Prior regular-session close from the quote source.
- $44.88–$45.62 Regular-session low and high so far today.
- 7.3M Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $35.03–$50.17 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own MNST if Monster Beverage is a premium energy-drink compounding story whose value depends on sustaining brand-led global demand while protecting mid-50s gross margins against tougher category competition.
MNST price history
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Investment thesis
What must happen next
Monster’s brand relevance and global availability continue to turn the energy-drink occasion into repeat purchases rather than one-time product-cycle spikes.StrengtheningMateriality: High
GAAP annual revenue increased from $5.54 billion in FY2021 to $8.29 billion in FY2025. If the brand remains a high-velocity consumer pull product, revenue can compound without requiring a structurally lower-margin push model.
Watch: Retailers allocate more cooler and shelf space to Red Bull, Celsius, private-label energy drinks, or other functional beverages at Monster’s expense.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual revenue increased from $5.54 billion in FY2021 to $8.29 billion in FY2025.
Open source ↗Monster’s brand and category position allow enough pricing power and mix control to absorb input-cost volatility without permanently sacrificing gross economics.StrengtheningMateriality: High
GAAP annual gross profit increased from $3.17 billion in FY2022 to $4.63 billion in FY2025. The investment case depends on growth being profitable; volume gains bought with discounts or input-cost leakage would weaken the compounding engine.
Watch: Aluminum, sweetener, freight, or co-packing costs rise faster than Monster can price through.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual gross profit increased from $3.17 billion in FY2022 to $4.63 billion in FY2025.
Open source ↗Monster’s focused beverage platform and operating scale keep marketing, distribution support, and overhead from consuming the gross-profit pool.HoldingMateriality: Medium
GAAP annual operating income reached $2.42 billion in FY2025, above FY2021-FY2024 levels. If operating leverage holds, incremental revenue can compound earnings; if competition requires much higher spending, the brand may still grow but create less value.
Watch: Monster must materially increase advertising, sampling, slotting, or retailer incentives to defend share against Red Bull and Celsius.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating income reached $2.42 billion in FY2025, above FY2021-FY2024 levels.
Open source ↗Monster’s working-capital discipline and high-margin model continue to convert accounting profit into cash that can fund innovation, international expansion, and shareholder value without balance-sheet strain.StrengtheningMateriality: Medium
GAAP annual operating cash flow rose from $887.7 million in FY2022 to $2.10 billion in FY2025. Strong cash conversion gives owners downside protection and optionality; weak conversion would suggest growth is being financed by inventory, receivables, or capital needs.
Watch: Inventory builds or receivable collection issues emerge as Monster expands internationally or supports distributors.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating cash flow rose from $887.7 million in FY2022 to $2.10 billion in FY2025.
Open source ↗
Full investment case & evidence
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Original research
Monster’s brand relevance and global availability continue to turn the energy-drink occasion into repeat purchases rather than one-time product-cycle spikes. If the brand remains a high-velocity consumer pull product, revenue can compound without requiring a structurally lower-margin push model.
Monster’s brand and category position allow enough pricing power and mix control to absorb input-cost volatility without permanently sacrificing gross economics. The investment case depends on growth being profitable; volume gains bought with discounts or input-cost leakage would weaken the compounding engine.
Monster’s focused beverage platform and operating scale keep marketing, distribution support, and overhead from consuming the gross-profit pool. If operating leverage holds, incremental revenue can compound earnings; if competition requires much higher spending, the brand may still grow but create less value.
Monster’s working-capital discipline and high-margin model continue to convert accounting profit into cash that can fund innovation, international expansion, and shareholder value without balance-sheet strain. Strong cash conversion gives owners downside protection and optionality; weak conversion would suggest growth is being financed by inventory, receivables, or capital needs.
All standing thesis claims
Original report summary
Monster Beverage is a premium energy-drink compounding story whose value depends on sustaining brand-led global demand while protecting mid-50s gross margins against tougher category competition.
Bull case and bear case
Bull case and bear case for Monster Beverage
Where the evidence on Monster Beverage stands: Holding on the latest evidence (Oct 13, 2026). Of its 4 thesis points, 3 strengthening and 1 holding.
Bull case: what the evidence supports
Monster’s brand relevance and global availability continue to turn the energy-drink occasion into repeat purchases rather than one-time product-cycle spikes.
Monster’s brand and category position allow enough pricing power and mix control to absorb input-cost volatility without permanently sacrificing gross economics.
Monster’s focused beverage platform and operating scale keep marketing, distribution support, and overhead from consuming the gross-profit pool.
Monster’s working-capital discipline and high-margin model continue to convert accounting profit into cash that can fund innovation, international expansion, and shareholder value without balance-sheet strain.
Bear case: what would count against it
Retailers allocate more cooler and shelf space to Red Bull, Celsius, private-label energy drinks, or other functional beverages at Monster’s expense.
Aluminum, sweetener, freight, or co-packing costs rise faster than Monster can price through.
Monster must materially increase advertising, sampling, slotting, or retailer incentives to defend share against Red Bull and Celsius.
Thesis-Break Engine
What has broken in Monster Beverage’s thesis
Each break OptimistFi flagged on Monster Beverage, dated — with what has historically followed the same kind of break across the market, not a forecast for Monster Beverage.
- CEO / officer changecondition set before this filing
Across all companies, this kind of break has happened 16,849 times before. Those stocks trailed comparable companies by a median of 2% over the next six months, and 38% of them trailed it by 10 points or more.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
Monster Beverage filed an SEC 8-K on 2026-09-25: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedDirector or principal officer change.
Monster Beverage filed an SEC 8-K on 2026-09-04: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Monster Beverage filed an SEC 8-K on 2026-08-06: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Retailers allocate more cooler and shelf space to Red Bull, Celsius, private-label energy drinks, or other functional beverages at Monster’s expense.
- Aluminum, sweetener, freight, or co-packing costs rise faster than Monster can price through.
- Monster must materially increase advertising, sampling, slotting, or retailer incentives to defend share against Red Bull and Celsius.
- Inventory builds or receivable collection issues emerge as Monster expands internationally or supports distributors.
MNST news
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Financial statements
MNST income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
MNST: quick answers
- Have members of Congress traded MNST?
- Reports made public in the last 90 days disclose 1 trade in MNST by 1 filer: 1 purchase and 0 sales. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed MNST trade
- Which well-known investors own MNST?
- 2 of the 37 well-known funds tracked here reported MNST shares in their latest 13F filings. By share of the fund's portfolio: Maverick Capital, 2.2%; Bridgewater Associates (Ray Dalio), 0.2%. Fund portfolios
MNST in well-known investors’ portfolios
2 of 37 funds reported MNST shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Maverick Capital | 2.2% | $253M | +6.7% | Q2 2026 |
| Ray DalioBridgewater Associates | 0.24% | $58.2M | −21.5% | Q2 2026 |