Monster Beverage Corp (MNST)

Consumer Staples · Soft Drinks & Non-alcoholic Beverages · US stock · S&P 500 component

$47.30 ▲ +0.67 (1.44%)

At close 22 Oct 2026 · USD · Volume 8,679,623

Compare with KO

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueUndervalued

$61 +29.2% to fair value

$31fair band $52–$74$92

Day's range

$46.50 – $47.54

52-week range

$32.94 – $50.17

About Monster Beverage Corp

Monster Beverage develops, markets and distributes energy drinks and related beverages, led by the Monster Energy brand. It mostly does not bottle or distribute everything itself, but sells concentrates and finished drinks to bottlers and distributors, including a major strategic partnership with The Coca-Cola Company. Revenue comes from beverage sales worldwide and depends on consumer demand, ingredient costs and regulation.

Revenue at Monster Beverage Corp was $9.2 billion across the last twelve months. Across three years, sales expanded by 9.5% a year. Operating profit was 29.2% of revenue. It earned a return on invested capital of 35%. There is no dividend. On the site's X-Ray Score, it rates 77 out of 100. Net debt to EBITDA compares borrowings, less cash, with annual operating earnings before interest, tax, depreciation and amortization.

Price chart

Interactive chart Historical data & CSV

52-wk range $32.94 – $50.17Volume 8,679,623Daily, split-adjusted

Vitals

Market cap$46.8B

52-week range$32.94 – $50.17

Volume (last day)8,679,623

P/E (TTM)21.9

EBIT / EV yield6.2%

Free-cash-flow yield4.5%

Dividend yieldNo dividend

Revenue (TTM)$9.2B

Net income (TTM)$2.1B

Operating margin29.2%

Return on capital34.7%

Debt incl. leasesData missing

Cash & securities$3.4B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$61middle half of models $56 – $68

Undervalued +29.2% to fair value

Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Low, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $47

Undervalued < $52Fair $52 – $74Overvalued > $74

P/E multiple

$53

P/B multiple

$69

P/S multiple

$56

EV/EBITDA multiple

$59

EV/EBIT multiple

$67

EV/revenue multiple

$56

10-year DCF, EBITDA exit

$70

5-year DCF, EBITDA exit

$68

10-year DCF, revenue exit

$69

5-year DCF, revenue exit

$66

10-year DCF, growth exit

$57

5-year DCF, growth exit

$52

Earnings power value

$53

Growth the price implies

4.8%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Strong business at an attractive price

Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better ✓ 74 The price is not above fair value $61 fair value Debt looks manageable Revenue has been growing 9.5% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Consumer Staples peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Strong

75/100

Cheap against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield6.2%

Free-cash-flow yield4.5%

Fair value vs price1.3×

Growth Strong

91/100

Growing faster than most of its sector.

See the numbers →

Revenue growth (3y)9.5%

Growth consistency90%

Profitability Fair

61/100

Returns on capital are typical for its sector.

See the numbers →

Return on invested capital34.7%

Operating margin29.2%

Gross profitability45.0%

Financial health Strong

87/100

Balance sheet looks strong: debt is well covered.

See the numbers →

Piotroski F-Score7 / 9

Interest coverNo interest cost

Dividends None

–/100

Pays no dividend.

See the numbers →

Quarterly results: last 6 quarters

-2.3%

Mar '25

+11.1%

Jun '25

+16.8%

Sep '25

+17.6%

Dec '25

+26.9%

Mar '26

+20.2%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $2.5B.

Compare with peers

PEP Pepsico Inc60 KDP Keurig Dr Pepper Inc.50 KO Coca Cola Co43

Other Soft Drinks & Non-alcoholic Beverages companies by X-Ray Score.

SWOT analysis: Monster Beverage Corp

Strengthsinside the company

Return on invested capital is 34.7%, against a median of 17.7% for industry peers.
Operating margin of 29.2% is well above the 16.2% median of industry peers, a sign of pricing power or lower costs.
Operating profit covers interest 50x, so debt costs are a small drag.
Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.

Weaknessesinside the company

No clear weakness in the figures we track.

Opportunitiesvaluation and setting

Trades at 22.0x earnings, 27% below the 30.0x median of industry peers.
The price is 29% below our fair value estimate, with the gap larger than the margin we allow for error.
Price momentum is strong on the weekly and monthly signals (trends can reverse).

Threatsvaluation and setting

No specific threat is flagged by our checks; general market and interest-rate risk still applies.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare MNST with peers and sector

Medians of 3 Soft Drinks & Non-alcoholic Beverages peers and of 28 Consumer Staples stocks in our universe. Largest peers (X-Ray Score): KO 43, PEP 60, KDP 50.

Metric	MNST	Peers	Sector
X-Ray Score (out of 100)	77	50	50
Valuation	75	56	53
Growth	91	49	48
Profitability	61	48	51
Financial health	87	42	46
Dividends	–	55	50

Sector leaders: highest X-Ray Score in Consumer Staples

MNST ranks #1 of 29 in Consumer Staples and #1 of 4 in Soft Drinks & Non-alcoholic Beverages by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 MNST Monster Beverage Corp (this stock)	77
#2 DLTR Dollar Tree, Inc.	71
#3 DG Dollar General Corp	66
#4 CASY Caseys General Stores Inc	62
#5 MO Altria Group, Inc.	61

Metric	MNST	Peers	Sector
P/E ratio	22.0x	30.0x	27.0x
PEG ratio	–	–	2.43
Price / book	5.0x	8.5x	4.0x
Price / sales	5.1x	2.4x	1.7x
EV / EBITDA	15.4x	23.5x	15.0x
Price / free cash flow	22.3x	24.4x	20.4x
Dividend yield	–	2.6%	2.9%
Gap to our fair value	+29.2%	+18.9%	+3.0%

Metric	MNST	Peers	Sector
Price change, 1 month	+6.8%	+7.6%	+8.8%
Price change, 3 months	−1.1%	+16.7%	+6.3%
Price change, 6 months	+24.6%	+29.3%	+17.1%
Price change, 1 year	+35.7%	+32.6%	+13.0%

Metric	MNST	Peers	Sector
Market value	$46.8B	$189.8B	$38.5B
Revenue (last 12 months)	$9.2B	$49.3B	$24.9B
EBITDA (last 12 months)	$2.8B	$15.5B	$3.4B
Net income (last 12 months)	$2.1B	$10.9B	$1.7B
Free cash flow (last 12 months)	$2.1B	$10.5B	$2.0B

Metric	MNST	Peers	Sector
Revenue growth, last year	+10.7%	+2.3%	+2.1%
Revenue growth, 3 years a year	+9.5%	+3.7%	+2.0%
EPS growth, 3 years a year	–	+11.6%	+2.0%
Free cash flow growth, 3 years a year	+41.2%	−15.4%	+9.3%
Dividend growth	–	+5.0%	+4.0%

Metric	MNST	Peers	Sector
Gross margin	55.5%	54.2%	37.7%
EBITDA margin	30.5%	19.1%	11.9%
Operating margin	29.2%	16.2%	10.2%
Net margin	23.1%	11.1%	6.6%
Return on invested capital	34.7%	17.7%	15.1%
Return on equity	22.7%	40.7%	18.3%

Metric	MNST	Peers	Sector
Net debt / EBITDA	–	2.4x	2.0x
Interest cover	50.0x	13.6x	11.3x
Current ratio	3.7x	0.9x	1.0x
Piotroski F-score (0 to 9)	7	7	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for MNST

Each factor is rated by where MNST stands among the 29 Consumer Staples stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 11 Good · 6 Average · 4 Bad of 21 Growth: 2 · 0 · 0 Profitability: 4 · 1 · 0 Financial strength: 3 · 0 · 0 Valuation: 0 · 4 · 1 Cash flow: 2 · 0 · 2 Efficiency: 0 · 1 · 1

Factor	MNST	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	+9.5%	Good beats 98%	+2.3%	–	–
Revenue growth, last year	+10.7%	Good beats 95%	+2.2%	+13.1%	▼ Worse
Profitability
Gross margin	55.5%	Good beats 76%	38.7%	54.0%	≈ In line
Operating margin	29.2%	Good beats 87%	11.0%	27.4%	≈ In line
Net margin	23.1%	Good beats 88%	6.9%	22.8%	≈ In line
Return on invested capital	34.7%	Good beats 87%	15.2%	–	–
Return on equity	22.7%	Average beats 63%	18.6%	21.0%	≈ In line
Financial strength
Interest cover	50.0x	Good beats 83%	11.8x	–	–
Current ratio	3.73	Good beats 98%	1.04	4.76	▼ Worse
Piotroski F-score	7 / 9	Good beats 79%	6 / 9	–	–
Valuation
P/E ratio	22.0x	Average beats 61%	25.0x	18.7x	▼ Worse
Price / book	5.0x	Average beats 48%	4.5x	3.9x	▼ Worse
Price / sales	5.1x	Bad beats 13%	1.8x	4.3x	▼ Worse
EV / EBITDA	15.4x	Average beats 48%	15.2x	–	–
Free cash flow yield	4.5%	Average beats 44%	4.8%	4.9%	≈ In line
Cash flow
Free cash flow margin	22.8%	Good beats 87%	9.3%	21.0%	≈ In line
Cash from operations / net income	1.05	Bad beats 10%	1.54	1.05	≈ In line
Free cash flow growth, 3 years a year	+41.2%	Good beats 94%	+11.0%	–	–
Accruals (lower is better)	−1.0%	Bad beats 13%	−4.2%	–	–
Efficiency
Inventory turnover	4.7x	Average beats 35%	5.3x	4.1x	▲ Better
Days sales outstanding	75 days	Bad beats 2%	35 days	60 days	▼ Worse

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 12 Good · ● 1 Average · ● 1 Bad

Cash quality

Earnings backed by cashBad

Free-cash-flow yieldAverage

Risk models

Altman Z''Good

Piotroski F-ScoreGood

Growth

Free-cash-flow growth (3y)Good

Revenue growth (3y)Good

Growth consistencyGood

Balance sheet

Current ratioGood

Interest coverGood

Valuation

Fair value vs priceGood

EBIT / EV yieldGood

Profitability

Return on invested capitalGood

Operating marginGood

Gross profitabilityGood

Each check is graded against the company's sector, not a fixed number. Checklist score 77/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$5.5B	$6.3B	$7.1B	$7.5B	$8.3B
Operating income	$1.8B	$1.6B	$2.0B	$1.9B	$2.4B
Net income	$1.4B	$1.2B	$1.6B	$1.5B	$1.9B
Operating cash flow	$1.2B	$888M	$1.7B	$1.9B	$2.1B
Operating margin	32.4%	25.1%	27.4%	25.8%	29.2%
Free cash flow	$1.1B	$699M	$1.5B	$1.7B	$2.0B
Diluted EPS	–	–	–	–	–

Fiscal years, from SEC filings.

Technical summary

Daily

Strongly bullish

12 bullish · 1 neutral · 3 bearish

Weekly

Strongly bullish

10 bullish · 1 neutral · 1 bearish

Monthly

Strongly bullish

7 bullish · 1 neutral · 0 bearish

Moving averages (daily)

SMA 10	45.38	Bullish
EMA 10	45.71	Bullish
SMA 20	44.02	Bullish
EMA 20	44.91	Bullish
SMA 50	44.84	Bullish
EMA 50	44.84	Bullish
SMA 100	45.98	Bullish
EMA 100	44.56	Bullish
SMA 200	42.86	Bullish
EMA 200	42.60	Bullish

Oscillators (daily)

RSI (14)	68.07	Neutral
MACD (12, 26)	0.69	Bullish
Momentum (12)	9.36	Bullish
Stochastic %K (14)	94.23	Bearish
Williams %R (14)	-5.77	Bearish
CCI (20)	140.2	Bearish

Pivot points (classic, last session)

45.65

46.07

46.69

Pivot

47.11

47.73

48.15

48.77

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

ETFs that hold MNST

ETF	Share of the fund
XLP Consumer Staples Select Sector SPDR	4.45%
RSPS Invesco S&P 500 Equal Weight Consumer...	3.19%
IYK iShares US Consumer Staples	2.93%
FTCS First Trust Capital Strength	2.52%
GRNY Fundstrat Granny Shots US Large Cap	2.52%
FSTA Fidelity MSCI Consumer Staples Index	2.36%
VDC Vanguard Consumer Staples	2.24%
PWB Invesco Dynamic Large Cap Growth	1.62%

The eight funds with the largest weight in MNST among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.