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Monster Beverage
(NASDAQ:MNST)
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Rating:76Outperform
Price Target:
$106.00
▲(13.38% Upside)
Action:Reiterated
Date:08/07/26
MNST scores well on financial performance (high margins, strong cash conversion, and a zero-debt balance sheet) and the latest earnings call was constructive with strong sales/EPS growth and stable gross margin. The overall score is tempered by a rich valuation (P/E ~46) and mixed near-term technical momentum despite longer-term trend support.
Positive Factors
Balance-sheet strength
Zero total debt provides durable financial flexibility: it lowers insolvency risk, reduces interest-rate exposure, and preserves capacity to fund marketing, international expansion, buybacks and investments without refinancing. Over 2–6 months this bolsters resilience to cost shocks and supports strategic optionality.
Negative Factors
Rising operating expenses
Sustained increases in selling, distribution and marketing expense can pressure operating margins if not offset by higher pricing or mix. Over the medium term, persistently higher SG&A to sales risks eroding operating leverage and requires continued revenue growth to maintain margin levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Zero total debt provides durable financial flexibility: it lowers insolvency risk, reduces interest-rate exposure, and preserves capacity to fund marketing, international expansion, buybacks and investments without refinancing. Over 2–6 months this bolsters resilience to cost shocks and supports strategic optionality.
Read all positive factors
Monster Beverage Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where Monster Beverage is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Monster Beverage is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyMonster Beverage (MNST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$44.78B
Dividend YieldN/A
Average Volume (3M)5.73M
Price to Earnings (P/E)41.9
Beta (1Y)0.35
Revenue Growth20.37%
EPS Growth34.79%
CountryUS
Employees6,332
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)2.18
Shares Outstanding979,525,900
10 Day Avg. Volume5,839,831
30 Day Avg. Volume5,728,982
Financial Highlights & Ratios
PEG Ratio1.31
Price to Book (P/B)9.07
Price to Sales (P/S)9.02
P/FCF Ratio38.06
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$92.40Price Target Upside-1.17% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)1.16
Revenue Forecast (FY)$9.71B
Monster Beverage Business Overview & Revenue Model
Company Description
Monster Beverage Corporation is a global entity primarily involved in the innovation, marketing, sale, and distribution of energy beverages and concentrates. Its business operations are categorized into three main divisions: Monster Energy Drinks,...
How the Company Makes Money
Monster Beverage primarily makes money by selling branded ready-to-drink beverages—especially energy drinks—to a global network of bottlers, distributors, and retail customers, generating revenue mainly from product sales. Its core revenue stream ...
Monster Beverage Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call conveyed predominantly positive results: strong double-digit global sales growth, significant international momentum, market share gains, margin stability, and EPS growth. These positives were partially offset by higher operating, distribution and selling expenses, rising aluminum and freight costs, and localized challenges (Argentina, Korea, and a decline in the alcohol segment). Management articulated strategies to mitigate cost pressures (pricing actions, hedging where possible) and emphasized continued marketing and innovation investments to recruit consumers and sustain growth.Positive Updates
Record Quarterly Net Sales
Net sales reached $2.54 billion in 2Q FY2026, a 20.2% increase versus $2.11 billion in 2Q FY2025; net sales excluding the alcohol brand segment rose 20.8%.
Negative Updates
Rising Operating Expenses
Operating expenses increased to $679.2 million from $544.8 million year-over-year; adjusted operating expenses rose to $662.7 million from $505.6 million, driven by higher selling and distribution costs and increased marketing investments.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Net Sales
Net sales reached $2.54 billion in 2Q FY2026, a 20.2% increase versus $2.11 billion in 2Q FY2025; net sales excluding the alcohol brand segment rose 20.8%.
Read all positive updates
Company Guidance
Management gave limited formal guidance but flagged several actionable items and metrics: they’re initiating selective pricing actions with partners effective in Q4 2026, expect a modest sequential increase in aluminum costs through at least the end of 2026 (will continue hedging and recognize higher Midwest premium/tariff effects), and reiterated no material tariff impact otherwise; July 2026 estimated sales were +14.3% YoY (non‑FX, ex‑alcohol) and +13.9% including alcohol (FX‑adjusted July: +13.9% ex‑alcohol, +13.5% including alcohol; July had the same selling days as July 2025); Q2 results to contextualize guidance: net sales $2.54B (+20.2% YoY; +20.8% ex‑alcohol; FX benefited by $48.5M), Monster Energy segment sales $2.36B (+21.6%), gross margin 55.9% (adjusted ex‑alcohol 56.3%), operating income $740.4M (+17.2%; adjusted $748.1M, +13.3%), diluted EPS $0.59 (+19%; adjusted $0.60, +15.2%), distribution $118.8M (4.7% of sales), selling $269.2M (10.6%), G&A $291.2M (11.5%), stock‑based comp $35.7M; corporate items: ~$900M remaining on the buyback authorization, a 2‑for‑1 split to trade Aug 11, SAP S/4HANA go‑live planned Jan 1, 2028, and an investor meeting set for Dec 1, 2026.Monster Beverage Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.22B | 8.29B | 7.49B | 7.14B | 6.31B | 5.54B |
| Gross Profit | 5.12B | 4.63B | 4.05B | 3.79B | 3.17B | 3.11B |
| EBITDA | 2.98B | 2.60B | 2.10B | 2.14B | 1.63B | 1.85B |
| Net Income | 2.13B | 1.91B | 1.51B | 1.63B | 1.19B | 1.38B |
Balance Sheet | ||||||
| Total Assets | 11.38B | 9.99B | 7.72B | 9.69B | 8.29B | 7.80B |
| Cash, Cash Equivalents and Short-Term Investments | 3.42B | 2.77B | 1.53B | 3.25B | 2.67B | 3.08B |
| Total Debt | 0.00 | 0.00 | 373.95M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.02B | 1.73B | 1.76B | 1.46B | 1.27B | 1.24B |
| Stockholders Equity | 9.36B | 8.25B | 5.96B | 8.23B | 7.03B | 6.57B |
Cash Flow | ||||||
| Free Cash Flow | 2.10B | 1.97B | 1.66B | 1.48B | 675.55M | 1.10B |
| Operating Cash Flow | 2.24B | 2.10B | 1.93B | 1.72B | 887.70M | 1.16B |
| Investing Cash Flow | -1.89B | -1.32B | 733.73M | -193.40M | -161.37M | -992.02M |
| Financing Cash Flow | -74.15M | -324.42M | -3.33B | -542.60M | -706.94M | 34.82M |
Monster Beverage Technical Analysis
Neutral
93.49
Price Trends
94.15
Negative
86.23
Positive
81.30
Positive
Market Momentum
-0.51
Positive
40.77
Neutral
17.91
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MNST, the sentiment is Neutral. The current price of 93.49 is below the 20-day moving average (MA) of 95.41, below the 50-day MA of 94.15, and above the 200-day MA of 81.30, indicating a neutral trend. The MACD of -0.51 indicates Positive momentum. The RSI at 40.77 is Neutral, neither overbought nor oversold. The STOCH value of 17.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MNST.
Monster Beverage Risk Analysis
Monster Beverage disclosed 39 risk factors in its most recent earnings report. Monster Beverage reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Monster Beverage Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $44.78B | 41.94 | 25.46% | ― | 20.37% | 34.79% | |
76 Outperform | $373.76B | 26.09 | 42.99% | 2.53% | 7.42% | 17.58% | |
74 Outperform | $187.99B | 18.12 | 50.36% | 4.21% | 5.62% | 38.93% | |
67 Neutral | $2.91B | 15.73 | 32.19% | ― | -1.73% | -1.71% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $39.86B | 29.47 | 5.64% | 3.10% | 27.48% | -12.53% | |
58 Neutral | $6.89B | 133.76 | 4.36% | ― | 82.86% | -35.81% |
* Consumer Defensive Sector Average
MNST
Monster Beverage
45.53
13.52
42.21%
KO
Coca-Cola
86.48
17.72
25.77%
KDP
Keurig Dr Pepper
29.18
-4.50
-13.35%
FIZZ
National Beverage
30.83
-11.05
-26.38%
PEP
PepsiCo
138.41
-2.87
-2.03%
CELH
Celsius Holdings
28.09
-26.63
-48.67%
Monster Beverage Corporate Events
Business Operations and StrategyFinancial Disclosures
Monster Beverage Delivers Strong Q2 2026 Growth
Positive
Aug 6, 2026
Monster Beverage reported strong results for the quarter ended June 30, 2026, with net sales up 20.2% year on year to $2.54 billion and net income rising 19.6% to $584.5 million, or $0.59 per diluted share. Growth was driven primarily by a 21.6% s...
Stock Split
Monster Beverage Announces Two-for-One Common Stock Split
Positive
Jul 8, 2026
On July 8, 2026, Monster Beverage Corporation announced that its board approved a two-for-one split of the company’s common stock, executed as a 100% stock dividend. Shareholders of record on July 24, 2026 are set to receive one additional s...
Business Operations and StrategyExecutive/Board Changes
Monster Beverage Announces Planned Board and Leadership Transition
Neutral
Jun 4, 2026
On June 1, 2026, Monster Beverage said director Mark J. Hall notified the company he will resign from its Board of Directors effective August 1, 2026, and will step down as an employee of subsidiary Monster Energy US LLC on April 1, 2027. Hall sta...
Stock BuybackShareholder Meetings
Monster Beverage Announces New $500 Million Share Repurchase
Positive
May 15, 2026
At its May 14, 2026 annual meeting, Monster Beverage stockholders re-elected ten directors to serve until the 2027 meeting, ratified Ernst Young as the independent auditor for the 2026 fiscal year and approved, on an advisory basis, executive com...
Business Operations and StrategyStock BuybackFinancial Disclosures
Monster Beverage Delivers Strong First-Quarter 2026 Results
Positive
May 7, 2026
Monster Beverage Corporation reported strong financial results for the quarter ended March 31, 2026, with net sales rising 26.9% year-on-year to $2.35 billion and foreign-currency-adjusted sales up 22.1%, driven primarily by 27.6% growth in the Mo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.