Monster Beverage (MNST) stock
Consumer Staples · Soft Drinks & Non-alcoholic Beverages
Monster Beverage (MNST) is a Soft Drinks & Non-alcoholic Beverages company in the Consumer Staples sector, headquartered in Corona, California. As of October 23, 2026, MNST closed at $46.19, a market capitalization of $90.49 billion, the 134th largest company in the S&P 500. Over the last twelve months it generated $9.22 billion in revenue (+20% year over year) and $2.08 billion in free cash flow. The stock trades at 42.8x trailing earnings and 35.3x forward earnings.
- 1-year total return: +32.2% (dividends reinvested)
- 5-year return: +16.9% a year
- 52-week range: $32.94 – $50.17
- Gross margin 55.5%, operating margin 29.2%
- FI Handbook report card: B- across 10 metrics
- 8th largest of 34 Consumer Staples stocks in the S&P 500
MNST price chart
1Y price change: +32.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MNST | +5.2% | +20.5% | +32.2% | +22.5% | +16.9% | +14.2% | +19.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1985.
MNST key statistics
- Market cap
- $90.5B
- #134 in S&P 500
- P/E (TTM)
- 42.8x
- Forward P/E
- 35.3x
- EPS (TTM)
- $1.08
- Revenue (TTM)
- $9.2B
- +20%
- Free cash flow
- $2.1B
- Gross margin
- 55.5%
- Operating margin
- 29.2%
- Return on equity
- 25.7%
- Dividend yield
- None
- 52-week range
- $32.94 – $50.17
- Beta
- 0.49
- Price / sales
- 9.8x
- EV / EBITDA
- 29.7x
- Debt / equity
- 0.01x
- Employees
- 5,773
MNST report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth20.2%A
- Gross margin55.5%B
- Operating margin29.2%B
- FCF margin22.6%B
- Return on equity25.7%A
- Net debt / EBITDA-1.1xA
- Forward P/E35.3xD
- PEG ratio2.4xD
- Shareholder yield0.1%F
- Share count change / yr-1.6%B
Monster Beverage financials
Revenue went from $3.0B in fiscal 2016 to $8.3B in fiscal 2025, growing 11.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.4B | $3.8B | $4.2B | $4.6B | $5.5B | $6.3B | $7.1B | $7.5B | $8.3B |
| Gross profit | $1.9B | $2.1B | $2.3B | $2.5B | $2.7B | $3.1B | $3.2B | $3.8B | $4.0B | $4.6B |
| Operating income | $1.1B | $1.2B | $1.3B | $1.4B | $1.6B | $1.8B | $1.6B | $2.0B | $1.9B | $2.4B |
| Net income | $712.7M | $820.7M | $993.0M | $1.1B | $1.4B | $1.4B | $1.2B | $1.6B | $1.5B | $1.9B |
| Free cash flow | $601.5M | $904.3M | $1.1B | $1.0B | $1.3B | $1.1B | $699.0M | $1.5B | $1.7B | $2.0B |
| Buybacks | $2.3B | $361.2M | $1.3B | $707.3M | $595.9M | $13.8M | $771.0M | $659.0M | $3.8B | $103.6M |
| Diluted shares | 2.4B | 2.3B | 2.3B | 2.2B | 2.1B | 2.1B | 2.1B | 2.1B | 2.0B | 2.0B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MNST?
A reverse DCF asks what growth the current price requires. With an enterprise value of $87.2B and $2.1B of trailing free cash flow, Monster Beverage needs to grow free cash flow about 29.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 8.4% a year over the last five years.
P/E ratio history
Current 486.2x vs. median 145.1x (10th–90th percentile 33.1x–308.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MNST analyst price targets
23 analysts' average 12-month target is $49.78 (+8% vs. $46.19). Targets range from $35.00 to $57.00. 56% rate it a buy.
MNST earnings
Next report: November 5, 2026. Monster Beverage has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $2.5B (+20% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $0.29 | $0.30 | +1.8% |
| May 7, 2026 | $0.26 | $0.29 | +10.2% |
| Feb 26, 2026 | $0.24 | $0.23 | -4.5% |
| Nov 6, 2025 | $0.24 | $0.27 | +9.2% |
| Aug 7, 2025 | $0.24 | $0.25 | +4.1% |
| May 8, 2025 | $0.23 | $0.23 | -2.7% |
| Feb 27, 2025 | $0.20 | $0.14 | -29.9% |
| Nov 7, 2024 | $0.21 | $0.19 | -10.7% |
Stocks like MNST
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 KO Coca-Cola | -2.76% | +36% | $398.9B | 27.8x | Compare |
 PEP Pepsico | -2.20% | -7% | $185.0B | 17.1x | Compare |
 KDP Keurig Dr Pepper | -1.45% | +30% | $47.2B | 35.0x | Compare |
 WMT Walmart | -1.02% | +13% | $954.1B | 43.4x | Compare |
 COST Costco Wholesale | -1.46% | +7% | $444.6B | 48.3x | Compare |
 PG Procter & Gamble | -2.76% | +10% | $373.2B | 24.3x | Compare |
 PM Philip Morris International | -1.13% | +31% | $310.9B | 29.1x | Compare |
 MO Altria | -2.31% | +23% | $124.1B | 15.6x | Compare |
MNST news
- CCEP Rallies 13.9% in the Past Month. Can Strong Momentum Continue? · Oct 23, 2026
- e.l.f. Beauty vs. Monster Beverage: Here's What Their Revenue Trends Tell Investors About These High-Growth Consumer Companies · Oct 22, 2026
- What Monster Beverage Stock's Energy Drink Growth Means For Shareholders · Oct 21, 2026
- 3 Unstoppable Nasdaq-100 Stocks to Buy Before October Ends · Oct 20, 2026
- Kraft Heinz vs. Monster Beverage: Which Consumer Goods Stock Is a Better Buy in 2026? · Oct 16, 2026
MNST stock FAQ
What is MNST's market cap?
Monster Beverage's market capitalization is $90.49 billion as of October 23, 2026, ranking 134th in the S&P 500.
What is MNST's P/E ratio?
MNST trades at a trailing price-to-earnings ratio of 42.8x and a forward P/E of 35.3x. Its median P/E over the period we track is 145.1x.
Does MNST pay a dividend?
No. Monster Beverage does not currently pay a regular cash dividend.
How much has MNST stock returned?
Including reinvested dividends, MNST returned +32.2% over one year, +16.9% a year over five years, +14.2% a year over ten years through October 23, 2026.
Is MNST stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Monster Beverage must grow free cash flow about 30% a year for the next decade. Its free cash flow grew 8% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the MNST price target?
23 analysts cover MNST with an average 12-month price target of $49.78, +8% from the current price. 56% of them rate it a buy.
When does MNST report earnings?
Monster Beverage is expected to report earnings on November 5, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does Monster Beverage have?
Monster Beverage has about 5,773 full-time employees, or $1.6 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology