Monster Beverage Past Earnings Performance
Past criteria checks 5/6
Monster Beverage has been growing earnings at an average annual rate of 7%, while the Beverage industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 13.3% per year. Monster Beverage's return on equity is 19.8%, and it has net margins of 22.8%.
Key information
7.0%
Earnings growth rate
8.0%
EPS growth rate
| Beverage Industry Growth | 11.1% |
| Revenue growth rate | 13.3% |
| Return on equity | 19.8% |
| Net Margin | 22.8% |
| Next Earnings Update | 02 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Monster Beverage makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 7,140 | 1,631 | 1,782 | 0 |
| 30 Sep 23 | 6,923 | 1,566 | 1,711 | 0 |
| 30 Jun 23 | 6,691 | 1,435 | 1,669 | 0 |
| 31 Mar 23 | 6,491 | 1,295 | 1,625 | 0 |
| 31 Dec 22 | 6,311 | 1,192 | 1,590 | 0 |
| 30 Sep 22 | 6,223 | 1,211 | 1,550 | 0 |
| 30 Jun 22 | 6,009 | 1,226 | 1,478 | 0 |
| 31 Mar 22 | 5,816 | 1,356 | 1,382 | 0 |
| 31 Dec 21 | 5,541 | 1,377 | 1,306 | 0 |
| 30 Sep 21 | 5,313 | 1,528 | 1,245 | 0 |
| 30 Jun 21 | 5,148 | 1,538 | 1,178 | 0 |
| 31 Mar 21 | 4,780 | 1,446 | 1,119 | 0 |
| 31 Dec 20 | 4,599 | 1,410 | 1,091 | 0 |
| 30 Sep 20 | 4,420 | 1,193 | 1,095 | 0 |
| 30 Jun 20 | 4,307 | 1,144 | 1,095 | 0 |
| 31 Mar 20 | 4,317 | 1,125 | 1,125 | 0 |
| 31 Dec 19 | 4,201 | 1,108 | 1,104 | 0 |
| 30 Sep 19 | 4,108 | 1,092 | 1,056 | 0 |
| 30 Jun 19 | 3,990 | 1,061 | 1,033 | 0 |
| 31 Mar 19 | 3,902 | 1,038 | 1,008 | 0 |
| 31 Dec 18 | 3,807 | 993 | 985 | 0 |
| 30 Sep 18 | 3,693 | 955 | 976 | 0 |
| 30 Jun 18 | 3,587 | 906 | 959 | 0 |
| 31 Mar 18 | 3,478 | 859 | 935 | 0 |
| 31 Dec 17 | 3,369 | 821 | 904 | 0 |
| 30 Sep 17 | 3,312 | 792 | 861 | 0 |
| 30 Jun 17 | 3,191 | 765 | 832 | 0 |
| 31 Mar 17 | 3,111 | 727 | 803 | 0 |
| 31 Dec 16 | 3,049 | 713 | 777 | 0 |
| 30 Sep 16 | 2,941 | 678 | 748 | 0 |
| 30 Jun 16 | 2,910 | 661 | 712 | 0 |
| 31 Mar 16 | 2,776 | 706 | 674 | 0 |
| 31 Dec 15 | 2,723 | 547 | 661 | 0 |
| 30 Sep 15 | 2,683 | 533 | 626 | 0 |
| 30 Jun 15 | 2,562 | 480 | 606 | 0 |
| 31 Mar 15 | 2,556 | 392 | 604 | 0 |
| 31 Dec 14 | 2,465 | 483 | 588 | 0 |
| 30 Sep 14 | 2,400 | 434 | 585 | 0 |
| 30 Jun 14 | 2,355 | 405 | 577 | 0 |
| 31 Mar 14 | 2,298 | 370 | 588 | 0 |
| 31 Dec 13 | 2,246 | 339 | 587 | 0 |
| 30 Sep 13 | 2,177 | 331 | 588 | 0 |
| 30 Jun 13 | 2,129 | 324 | 577 | 0 |
Quality Earnings: MNST has high quality earnings.
Growing Profit Margin: MNST's current net profit margins (22.8%) are higher than last year (18.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MNST's earnings have grown by 7% per year over the past 5 years.
Accelerating Growth: MNST's earnings growth over the past year (36.9%) exceeds its 5-year average (7% per year).
Earnings vs Industry: MNST earnings growth over the past year (36.9%) exceeded the Beverage industry -5.4%.
Return on Equity
High ROE: MNST's Return on Equity (19.8%) is considered low.