
Monster Beverage Corp
NASDAQ:MNST

Income Statement
Earnings Waterfall
Monster Beverage Corp
Revenue
|
7.5B
USD
|
Cost of Revenue
|
-3.4B
USD
|
Gross Profit
|
4B
USD
|
Operating Expenses
|
-2B
USD
|
Operating Income
|
2.1B
USD
|
Other Expenses
|
-548.3m
USD
|
Net Income
|
1.5B
USD
|
Income Statement
Monster Beverage Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 465
N/A
|
2 556
+4%
|
2 562
+0%
|
2 683
+5%
|
2 723
+1%
|
2 776
+2%
|
2 910
+5%
|
2 941
+1%
|
3 049
+4%
|
3 111
+2%
|
3 191
+3%
|
3 313
+4%
|
3 369
+2%
|
3 478
+3%
|
3 587
+3%
|
3 693
+3%
|
3 807
+3%
|
3 902
+2%
|
3 990
+2%
|
4 108
+3%
|
4 201
+2%
|
4 317
+3%
|
4 307
0%
|
4 420
+3%
|
4 599
+4%
|
4 780
+4%
|
5 148
+8%
|
5 313
+3%
|
5 541
+4%
|
5 816
+5%
|
6 010
+3%
|
6 223
+4%
|
6 311
+1%
|
6 491
+3%
|
6 691
+3%
|
6 923
+3%
|
7 140
+3%
|
7 340
+3%
|
7 386
+1%
|
7 411
+0%
|
7 493
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 125)
|
(1 134)
|
(1 133)
|
(1 139)
|
(1 123)
|
(1 126)
|
(1 140)
|
(1 137)
|
(1 153)
|
(1 161)
|
(1 176)
|
(1 230)
|
(1 284)
|
(1 357)
|
(1 431)
|
(1 502)
|
(1 569)
|
(1 608)
|
(1 655)
|
(1 710)
|
(1 746)
|
(1 800)
|
(1 792)
|
(1 844)
|
(1 945)
|
(2 031)
|
(2 206)
|
(2 298)
|
(2 433)
|
(2 646)
|
(2 896)
|
(3 065)
|
(3 137)
|
(3 196)
|
(3 201)
|
(3 283)
|
(3 346)
|
(3 417)
|
(3 417)
|
(3 426)
|
(3 444)
|
|
Gross Profit |
1 340
N/A
|
1 422
+6%
|
1 429
+0%
|
1 543
+8%
|
1 600
+4%
|
1 650
+3%
|
1 770
+7%
|
1 805
+2%
|
1 896
+5%
|
1 951
+3%
|
2 015
+3%
|
2 082
+3%
|
2 085
+0%
|
2 121
+2%
|
2 156
+2%
|
2 192
+2%
|
2 238
+2%
|
2 295
+3%
|
2 335
+2%
|
2 398
+3%
|
2 455
+2%
|
2 517
+3%
|
2 515
0%
|
2 575
+2%
|
2 654
+3%
|
2 749
+4%
|
2 943
+7%
|
3 014
+2%
|
3 109
+3%
|
3 170
+2%
|
3 113
-2%
|
3 158
+1%
|
3 175
+1%
|
3 296
+4%
|
3 490
+6%
|
3 640
+4%
|
3 794
+4%
|
3 923
+3%
|
3 969
+1%
|
3 985
+0%
|
4 049
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(592)
|
(816)
|
(834)
|
(847)
|
(643)
|
(667)
|
(679)
|
(709)
|
(731)
|
(760)
|
(788)
|
(816)
|
(851)
|
(884)
|
(906)
|
(921)
|
(928)
|
(949)
|
(973)
|
(995)
|
(1 041)
|
(1 057)
|
(1 026)
|
(1 020)
|
(1 012)
|
(1 067)
|
(1 142)
|
(1 228)
|
(1 306)
|
(1 388)
|
(1 484)
|
(1 555)
|
(1 588)
|
(1 626)
|
(1 669)
|
(1 727)
|
(1 802)
|
(1 913)
|
(1 955)
|
(2 002)
|
(1 991)
|
|
Selling, General & Administrative |
0
|
0
|
(42)
|
(70)
|
(355)
|
(151)
|
(148)
|
(158)
|
(425)
|
(137)
|
(138)
|
(138)
|
(486)
|
(162)
|
(164)
|
(167)
|
(531)
|
(184)
|
(198)
|
(207)
|
(625)
|
(229)
|
(233)
|
(243)
|
(590)
|
(269)
|
(295)
|
(320)
|
(775)
|
(357)
|
(363)
|
(377)
|
(851)
|
(388)
|
(410)
|
(426)
|
(987)
|
(466)
|
(463)
|
(473)
|
(1 080)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Other Operating Expenses |
(592)
|
(816)
|
(792)
|
(777)
|
(289)
|
(517)
|
(530)
|
(551)
|
(306)
|
(623)
|
(650)
|
(679)
|
(365)
|
(722)
|
(741)
|
(754)
|
(397)
|
(765)
|
(775)
|
(787)
|
(416)
|
(827)
|
(792)
|
(776)
|
(422)
|
(798)
|
(846)
|
(908)
|
(531)
|
(1 030)
|
(1 120)
|
(1 178)
|
(736)
|
(1 237)
|
(1 259)
|
(1 299)
|
(813)
|
(1 445)
|
(1 490)
|
(1 527)
|
(910)
|
|
Operating Income |
748
N/A
|
606
-19%
|
595
-2%
|
697
+17%
|
956
+37%
|
983
+3%
|
1 092
+11%
|
1 095
+0%
|
1 165
+6%
|
1 191
+2%
|
1 228
+3%
|
1 266
+3%
|
1 234
-2%
|
1 237
+0%
|
1 250
+1%
|
1 270
+2%
|
1 310
+3%
|
1 346
+3%
|
1 362
+1%
|
1 403
+3%
|
1 414
+1%
|
1 460
+3%
|
1 489
+2%
|
1 555
+4%
|
1 642
+6%
|
1 682
+2%
|
1 801
+7%
|
1 787
-1%
|
1 803
+1%
|
1 783
-1%
|
1 630
-9%
|
1 603
-2%
|
1 587
-1%
|
1 670
+5%
|
1 821
+9%
|
1 914
+5%
|
1 992
+4%
|
2 010
+1%
|
2 014
+0%
|
1 983
-2%
|
2 057
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(1)
|
(2)
|
(4)
|
(2)
|
(3)
|
(2)
|
0
|
(6)
|
(6)
|
(8)
|
(3)
|
3
|
4
|
7
|
6
|
10
|
11
|
13
|
13
|
13
|
11
|
6
|
(1)
|
(7)
|
(9)
|
(6)
|
(4)
|
4
|
(3)
|
(10)
|
(6)
|
(13)
|
7
|
29
|
98
|
70
|
138
|
148
|
70
|
59
|
|
Non-Reccuring Items |
0
|
0
|
162
|
162
|
(63)
|
158
|
(29)
|
(33)
|
(80)
|
(96)
|
(71)
|
(82)
|
(35)
|
(23)
|
(28)
|
(26)
|
(27)
|
(30)
|
(25)
|
(11)
|
(11)
|
(4)
|
(5)
|
(8)
|
(9)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
(127)
|
|
Pre-Tax Income |
746
N/A
|
606
-19%
|
755
+25%
|
854
+13%
|
892
+4%
|
1 138
+28%
|
1 061
-7%
|
1 062
+0%
|
1 080
+2%
|
1 089
+1%
|
1 148
+5%
|
1 181
+3%
|
1 202
+2%
|
1 218
+1%
|
1 229
+1%
|
1 250
+2%
|
1 293
+3%
|
1 326
+3%
|
1 350
+2%
|
1 406
+4%
|
1 416
+1%
|
1 468
+4%
|
1 491
+2%
|
1 547
+4%
|
1 626
+5%
|
1 674
+3%
|
1 795
+7%
|
1 783
-1%
|
1 801
+1%
|
1 780
-1%
|
1 620
-9%
|
1 598
-1%
|
1 572
-2%
|
1 677
+7%
|
1 850
+10%
|
2 012
+9%
|
2 068
+3%
|
2 149
+4%
|
2 161
+1%
|
2 053
-5%
|
1 989
-3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(263)
|
(213)
|
(274)
|
(321)
|
(345)
|
(432)
|
(400)
|
(384)
|
(367)
|
(363)
|
(383)
|
(388)
|
(339)
|
(318)
|
(281)
|
(253)
|
(299)
|
(286)
|
(287)
|
(312)
|
(308)
|
(342)
|
(347)
|
(354)
|
(217)
|
(228)
|
(257)
|
(255)
|
(424)
|
(424)
|
(394)
|
(386)
|
(380)
|
(383)
|
(415)
|
(446)
|
(437)
|
(473)
|
(474)
|
(448)
|
(480)
|
|
Income from Continuing Operations |
483
|
392
|
480
|
533
|
547
|
706
|
661
|
678
|
713
|
727
|
765
|
792
|
863
|
901
|
948
|
997
|
995
|
1 040
|
1 063
|
1 094
|
1 108
|
1 125
|
1 144
|
1 193
|
1 410
|
1 446
|
1 538
|
1 528
|
1 378
|
1 357
|
1 226
|
1 211
|
1 192
|
1 295
|
1 435
|
1 566
|
1 631
|
1 676
|
1 687
|
1 605
|
1 509
|
|
Net Income (Common) |
483
N/A
|
392
-19%
|
480
+22%
|
533
+11%
|
547
+3%
|
706
+29%
|
661
-6%
|
678
+3%
|
713
+5%
|
727
+2%
|
765
+5%
|
792
+4%
|
821
+4%
|
859
+5%
|
906
+6%
|
955
+5%
|
993
+4%
|
1 038
+5%
|
1 061
+2%
|
1 092
+3%
|
1 108
+1%
|
1 125
+2%
|
1 144
+2%
|
1 193
+4%
|
1 410
+18%
|
1 446
+3%
|
1 538
+6%
|
1 528
-1%
|
1 378
-10%
|
1 357
-2%
|
1 226
-10%
|
1 211
-1%
|
1 192
-2%
|
1 295
+9%
|
1 435
+11%
|
1 566
+9%
|
1 631
+4%
|
1 676
+3%
|
1 687
+1%
|
1 605
-5%
|
1 509
-6%
|
|
EPS (Diluted) |
0.47
N/A
|
0.38
-19%
|
0.45
+18%
|
0.42
-7%
|
0.47
+12%
|
0.56
+19%
|
0.53
-5%
|
0.58
+9%
|
0.59
+2%
|
0.61
+3%
|
0.65
+7%
|
0.68
+5%
|
0.71
+4%
|
0.74
+4%
|
0.8
+8%
|
0.85
+6%
|
0.88
+4%
|
0.94
+7%
|
0.97
+3%
|
1
+3%
|
2.03
+103%
|
1.04
-49%
|
1.07
+3%
|
1.11
+4%
|
2.64
+138%
|
1.35
-49%
|
1.43
+6%
|
1.42
-1%
|
2.57
+81%
|
1.26
-51%
|
1.14
-10%
|
1.13
-1%
|
1.12
-1%
|
1.23
+10%
|
1.36
+11%
|
1.49
+10%
|
1.54
+3%
|
1.59
+3%
|
1.62
+2%
|
1.63
+1%
|
1.49
-9%
|