Monster Beverage Corporation (MNST) Q4 2025 Financial Results Summary

Release Date: February 26, 2026

Monster Beverage Corporation (NASDAQ: MNST) has reported its financial results for the fourth quarter and full year ended December 31, 2025. The following are key metrics and highlights from the report:

Fourth Quarter Highlights

• Net Sales:
  • Increased 17.6% to $2.13 billion, compared to $1.81 billion in Q4 2024.
  • Foreign currency exchange had a favorable impact of $27.7 million.
  • Adjusted for foreign currency, net sales increased 16.1%.
• Sales by Segment:
  • Monster Energy Drinks:
    • Increased 18.9% to $1.99 billion (from $1.67 billion in Q4 2024).
    • Adjusted for foreign currency, this segment grew 17.5%.
  • Strategic Brands:
    • Increased 7.8% to $110.0 million (from $102.0 million in Q4 2024).
    • Adjusted for foreign currency, sales rose 4.7%.
  • Alcohol Brands:
    • Decreased 16.8% to $29.0 million (from $34.9 million in Q4 2024).
  • Other Segment:
    • Increased 15.1% to $5.9 million (from $5.1 million in Q4 2024).
• Geographic Sales:
  • International sales increased 26.9% to $903.3 million, representing 42% of total net sales (up from 39% in Q4 2024).
• Gross Profit:
  • As a percentage of net sales, increased to 55.5% from 55.3% in Q4 2024.
• Operating Expenses:
  • Total operating expenses for Q4 were $640.7 million, representing 30.1% of net sales (down from 34.3% in Q4 2024).
• Operating Income:
  • Increased 42.3% to $542.6 million (up from $381.2 million in Q4 2024).
  • Adjusted operating income increased 16.0% to $617.6 million.
• Net Income:
  • Increased 65.9% to $449.2 million (up from $270.7 million in Q4 2024).
  • Adjusted net income increased 31.2% to $507.0 million.
• Earnings Per Share:
  • Net income per diluted share rose 64.9% to $0.46 (from $0.28 in Q4 2024).
  • Adjusted net income per diluted share increased 30.4% to $0.51.
• Effective Tax Rate:
  • Dropped to 21.0% from 29.9% in Q4 2024.

Full-Year Highlights

• Net Sales:
  • Increased 10.7% to $8.29 billion (from $7.49 billion for the year ended December 31, 2024).
• Gross Profit:
  • As a percentage of net sales increased to 55.8% (up from 54.0% in FY 2024).
• Operating Income:
  • Increased 25.3% to $2.42 billion (up from $1.93 billion in FY 2024).
  • Adjusted operating income grew 20.1% to $2.58 billion.
• Net Income:
  • Increased 26.3% to $1.91 billion (up from $1.51 billion in FY 2024).
  • Adjusted net income increased 21.0% to $2.03 billion.
• Earnings Per Share:
  • Net income per diluted share improved 29.9% to $1.94 (from $1.49 in FY 2024).
  • Adjusted net income per diluted share grew 24.5% to $2.06.

Share Repurchase Program

• There were no shares repurchased during the Q4 2025. Approximately $500.0 million remains available for share repurchase under the previously authorized program.

Conclusion

Monster Beverage Corporation showed robust growth in both the fourth quarter and the full year of 2025. Key performance indicators across sales, income, and earnings per share achieved significant year-on-year improvements, indicative of strong operational performance and market demand, particularly in international markets.

Note: All amounts in the following tables are in thousands.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER INFORMATION
FOR THE THREE- AND TWELVE-MONTHS ENDED DECEMBER 31, 2025 AND 2024
(In Thousands, Except Per Share Amounts) (Unaudited)
	Three-Months Ended		Twelve-Months Ended
	December 31, 2025	December 31, 2024	December 31, 2025	December 31, 2024
Net sales1	$2,131,053	$1,812,041	$8,294,343	$7,492,709
Cost of sales	947,719	809,596	3,662,148	3,443,831
Gross profit1	1,183,334	1,002,445	4,632,195	4,048,878
Gross profit as a percentage of net sales	55.5%	55.3%	55.8%	54.0%
Operating expenses	640,700	621,221	2,212,841	2,118,584
Operating expenses as a percentage of net sales	30.1%	34.3%	26.7%	28.3%
Operating income1	542,634	381,224	2,419,354	1,930,294
Operating income as a percentage of net sales	25.5%	21.0%	29.2%	25.8%
Interest and other income, net	25,653	4,854	63,175	59,165
Income before provision for income taxes1	568,287	386,078	2,482,529	1,989,459
Provision for income taxes	119,097	115,367	577,097	480,411
Income taxes as a percentage of income before taxes	21.0%	29.9%	23.2%	24.1%
Net income	$449,190	$270,711	$1,905,432	$1,509,048
Net income as a percentage of net sales	21.1%	14.9%	23.0%	20.1%
Net income per common share:
Basic	$0.46	$0.28	$1.95	$1.50
Diluted	$0.46	$0.28	$1.94	$1.49
Weighted average number of shares of common stock and common stock equivalents:
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