Monster Beverage Corporation (MNST) Key Metrics
MNST valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $89.59B
- Enterprise value
- $84.32B
- P/E (TTM)
- 42.3 10-yr median 37.3
- Forward P/E
- 33.7
- PEG ratio
- 2.26
- Price / sales
- 9.7 10-yr median 8.7
- Price / book
- 9.2 10-yr median 8.2
- EV / EBITDA
- 31.2 10-yr median 27.1
- Dividend yield
- —
- Beta
- 0.49
MNST key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMNST valuation Price multiples at each fiscal year-end price.
MNST returns How much profit the business earns on the capital it uses.
MNST per-share figures Results divided by the shares outstanding at year-end.
MNST financial health Debt, liquidity and how easily interest is covered.
MNST efficiency & capital use Working capital cycle and where the cash goes.
MNST valuation history
MNST returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MNST debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MNST cash returned to shareholders
MNST price vs earnings per share
MNST key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $75.48B | $53.25B | $60.95B | $54.14B | $51.44B | $49.46B | $34.74B | $27.77B | $36.53B | $26.60B |
| Enterprise value | $72.71B | $52.09B | $57.76B | $51.51B | $48.39B | $47.42B | $33.43B | $26.83B | $35.33B | $26.00B |
| P/E ratio | 39.6 | 35.3 | 37.4 | 45.4 | 37.3 | 35.1 | 31.4 | 28.0 | 44.5 | 37.3 |
| Price / sales | 9.1 | 7.1 | 8.5 | 8.6 | 9.3 | 10.8 | 8.3 | 7.3 | 10.8 | 8.7 |
| Price / book | 9.1 | 8.9 | 7.4 | 7.7 | 7.8 | 9.6 | 8.3 | 7.7 | 9.4 | 8.0 |
| Price / free cash flow | 38.4 | 32.0 | 41.1 | 80.1 | 46.8 | 38.1 | 34.6 | 25.6 | 40.8 | 44.6 |
| Price / operating cash flow | 36.0 | 27.6 | 35.5 | 61.0 | 44.5 | 36.3 | 31.2 | 23.9 | 37.0 | 37.9 |
| EV / sales | 8.8 | 7.0 | 8.1 | 8.2 | 8.7 | 10.3 | 8.0 | 7.0 | 10.5 | 8.5 |
| EV / EBITDA | 27.9 | 24.8 | 29.6 | 31.3 | 26.2 | 28.0 | 22.8 | 20.0 | 28.3 | 23.1 |
| EV / free cash flow | 37.0 | 31.3 | 38.9 | 76.3 | 44.1 | 36.6 | 33.3 | 24.7 | 39.5 | 43.6 |
| Earnings yield | 2.5% | 2.8% | 2.7% | 2.2% | 2.7% | 2.9% | 3.2% | 3.6% | 2.2% | 2.7% |
| Free cash flow yield | 2.6% | 3.1% | 2.4% | 1.2% | 2.1% | 2.6% | 2.9% | 3.9% | 2.4% | 2.2% |
| Dividend yield | — | — | — | 0.0% | 0.0% | 1.1% | 1.8% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.1% | 7.1% | 1.1% | 1.4% | 0.0% | 2.3% | 3.8% | 4.8% | 1.0% | 8.5% |
| Share price at fiscal year-end | $38.34 | $26.28 | $28.80 | $25.38 | $24.01 | $23.12 | $15.89 | $12.30 | $15.82 | $11.09 |
| Per share | ||||||||||
| Revenue per share | $4.21 | $3.70 | $3.37 | $2.96 | $2.59 | $2.15 | $1.92 | $1.69 | $1.46 | $1.27 |
| Earnings per share | $0.97 | $0.74 | $0.77 | $0.56 | $0.64 | $0.66 | $0.51 | $0.44 | $0.36 | $0.30 |
| Operating cash flow per share | $1.07 | $0.95 | $0.81 | $0.42 | $0.54 | $0.64 | $0.51 | $0.51 | $0.43 | $0.29 |
| Free cash flow per share | $1.00 | $0.82 | $0.70 | $0.32 | $0.51 | $0.61 | $0.46 | $0.48 | $0.39 | $0.25 |
| Cash per share | $1.40 | $0.76 | $1.54 | $1.25 | $1.44 | $0.96 | $0.61 | $0.42 | $0.52 | $0.25 |
| Book value per share | $4.19 | $2.94 | $3.89 | $3.29 | $3.07 | $2.41 | $1.91 | $1.60 | $1.69 | $1.39 |
| Tangible book value per share | $2.82 | $1.59 | $2.54 | $2.06 | $1.94 | $1.29 | $0.82 | $0.55 | $0.66 | $0.40 |
| Dividends per share | — | — | — | $0.00 | $0.00 | $0.25 | $0.29 | — | $0.00 | $0.00 |
| Capex per share | $0.07 | $0.13 | $0.11 | $0.10 | $0.03 | $0.03 | $0.05 | $0.03 | $0.04 | $0.04 |
| Debt per share | — | $0.18 | $0.03 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 |
| Shares outstanding | 1.97B | 2.03B | 2.12B | 2.13B | 2.14B | 2.14B | 2.19B | 2.26B | 2.31B | 2.40B |
| Change in shares outstanding | −2.8% | −4.2% | −0.8% | −0.5% | +0.2% | −2.2% | −3.1% | −2.2% | −3.8% | +3.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 26.8% | 21.3% | 21.4% | 17.5% | 23.5% | 30.2% | 28.5% | 26.5% | 22.7% | 17.5% |
| Return on invested capital (ROIC) | 36.1% | 29.8% | 32.6% | 30.3% | 41.4% | 47.3% | 39.7% | 36.7% | 30.1% | 31.0% |
| Return on assets (ROA) | 21.5% | 17.3% | 18.1% | 14.8% | 19.7% | 24.8% | 22.9% | 21.3% | 18.4% | 14.7% |
| Return on tangible assets | 26.2% | 30.3% | 23.8% | 21.1% | 25.5% | 37.0% | 40.0% | 46.2% | 33.8% | 39.8% |
| Free cash flow margin | 23.7% | 22.2% | 20.8% | 10.7% | 19.8% | 28.2% | 23.9% | 28.6% | 26.6% | 19.5% |
| Income quality (OCF / net income) | 1.10 | 1.28 | 1.05 | 0.74 | 0.84 | 0.97 | 1.01 | 1.17 | 1.20 | 0.98 |
| Financial health | ||||||||||
| Total debt | — | $374.0M | $66.0M | $45.9M | $28.2M | $18.1M | $28.5M | $11.7M | $6.0M | $0 |
| Cash & short-term investments | $2.77B | $1.53B | $3.25B | $2.67B | $3.08B | $2.06B | $1.33B | $958.2M | $1.20B | $598.1M |
| Net debt | −$2.77B | −$1.16B | −$3.19B | −$2.62B | −$3.05B | −$2.04B | −$1.30B | −$946.5M | −$1.20B | −$598.1M |
| Debt / equity | — | 0.06 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Debt / assets | — | 0.05 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −1.06 | −0.55 | −1.63 | −1.59 | −1.65 | −1.21 | −0.89 | −0.71 | −0.96 | −0.53 |
| Current ratio | 3.70 | 3.32 | 4.81 | 4.76 | 4.85 | 4.19 | 3.50 | 3.00 | 3.72 | 3.04 |
| Quick ratio | 3.15 | 2.65 | 3.97 | 3.82 | 4.24 | 3.74 | 2.96 | 2.54 | 3.27 | 2.70 |
| Interest coverage | 366.6 | 69.2 | 17.0 | 124.2 | 33.2 | 30.3 | 18.0 | 133.0 | 422.7 | 192.0 |
| Working capital | $3.91B | $2.54B | $4.43B | $3.76B | $3.72B | $2.39B | $1.66B | $1.20B | $1.53B | $961.7M |
| Invested capital | $5.49B | $4.80B | $5.04B | $4.40B | $3.52B | $3.12B | $2.87B | $2.66B | $2.70B | $2.73B |
| Tangible asset value | $5.54B | $3.21B | $5.38B | $4.39B | $4.16B | $2.77B | $1.79B | $1.23B | $1.53B | $965.4M |
| Net current asset value | $3.63B | $1.88B | $4.13B | $3.50B | $3.44B | $2.10B | $1.34B | $888.2M | $1.19B | $608.5M |
| Graham number | $9.55 | $7.02 | $8.21 | $6.43 | $6.66 | $5.98 | $4.66 | $3.98 | $3.67 | $3.05 |
| Graham net-net per share | $1.34 | $0.52 | $1.50 | $1.23 | $1.31 | $0.79 | $0.43 | $0.24 | $0.33 | $0.12 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $75,000 | $2.9M | $526.1M | $628.5M | — | $0 | $0 |
| Share buybacks (net) | $103.6M | $3.77B | $659.0M | $771.0M | $13.8M | $595.9M | $707.3M | $1.34B | $361.2M | $2.25B |
| Dividend payout ratio | — | — | — | 0.0% | 0.2% | 37.3% | 56.7% | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 5.3% | 226.6% | 44.4% | 114.1% | 1.5% | 86.5% | 133.1% | 123.5% | 40.4% | 377.9% |
| Capex / revenue | 1.6% | 3.5% | 3.3% | 3.4% | 1.0% | 1.5% | 2.6% | 2.0% | 2.8% | 3.5% |
| Capex / operating cash flow | 6.3% | 13.7% | 13.7% | 23.9% | 5.0% | 4.9% | 9.9% | 6.4% | 9.4% | 15.0% |
| Capex / depreciation | 1.16 | 3.28 | 3.41 | 3.46 | 1.15 | 1.18 | 1.82 | 1.31 | 1.90 | 2.58 |
| Stock-based compensation / revenue | 1.5% | 1.2% | 1.0% | 1.0% | 1.3% | 1.5% | 1.5% | 1.5% | 1.6% | 1.5% |
| SG&A / revenue | — | 26.6% | 25.6% | 25.2% | 23.6% | 23.7% | 14.9% | 26.6% | 26.8% | 25.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 62.5 | 58.8 | 56.5 | 55.3 | 51.5 | 47.9 | 44.5 | 44.8 | 55.4 | 62.9 |
| Days of inventory on hand | 76.6 | 90.5 | 104.0 | 89.0 | 69.5 | 67.5 | 69.3 | 64.4 | 61.9 | 52.4 |
| Days payables outstanding | 51.5 | 54.6 | 55.0 | 49.4 | 52.6 | 55.6 | 56.7 | 59.7 | 65.1 | 55.7 |
| Cash conversion cycle (days) | 87.6 | 94.7 | 105.5 | 94.9 | 68.4 | 59.8 | 57.1 | 49.5 | 52.2 | 59.6 |
| Receivables turnover | 5.84 | 6.20 | 6.46 | 6.60 | 7.09 | 7.62 | 8.20 | 8.15 | 6.59 | 5.80 |
| Payables turnover | 7.09 | 6.68 | 6.63 | 7.39 | 6.94 | 6.57 | 6.44 | 6.11 | 5.61 | 6.55 |
| Inventory turnover | 4.77 | 4.03 | 3.51 | 4.10 | 5.25 | 5.40 | 5.27 | 5.67 | 5.90 | 6.96 |
| Asset turnover | 0.94 | 0.86 | 0.79 | 0.78 | 0.79 | 0.81 | 0.87 | 0.82 | 0.75 | 0.63 |
| Average receivables | $1.42B | $1.21B | $1.11B | $956.4M | $781.3M | $603.2M | $512.4M | $467.0M | $511.3M | $525.5M |
| Average payables | $516.4M | $515.6M | $504.3M | $424.3M | $350.5M | $285.4M | $261.4M | $247.3M | $219.6M | $169.0M |
| Average inventory | $768.4M | $854.3M | $953.5M | $764.5M | $463.2M | $346.9M | $319.2M | $266.7M | $208.9M | $159.0M |
| Intangibles / total assets | 27.1% | 35.6% | 29.4% | 31.8% | 30.8% | 38.5% | 46.3% | 52.5% | 49.4% | 56.9% |
Computed from MNST's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MNST valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Monster Beverage traded at 39.6 times earnings, against a 10-year median of 37.3. Based on the latest twelve months, the trailing P/E is 42.3 and the forward P/E is 33.7. Monster Beverage earned a return on equity of 26.8% and a return on invested capital of 36.1% in fiscal 2025. It returned $103.6 million to shareholders: $0 in dividends and $103.6 million in share buybacks, 5% of free cash flow. The share count fell 17.9% from 2.40B to 1.97B over 9 years.
See the MNST income statement, the MNST chart for price history, or the MNST stock overview for the latest quote and news.
MNST key metrics FAQ
What is Monster Beverage's P/E ratio?
Monster Beverage's trailing P/E ratio is 42.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 33.7. At the end of fiscal 2025 it was 39.6, compared with a 10-year median of 37.3.
What is Monster Beverage's EV/EBITDA?
Monster Beverage's enterprise value was 27.9 times EBITDA at the end of fiscal 2025 (enterprise value $72.7 billion, EBITDA $2.6 billion); the current EV/EBITDA is 31.2.
What is Monster Beverage's return on equity?
Monster Beverage's return on equity (ROE) was 26.8% in fiscal 2025: net income of $1.9 billion on average shareholders' equity of $7.1 billion.
What is Monster Beverage's ROIC?
Monster Beverage's return on invested capital was 36.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
Does Monster Beverage buy back its shares?
Yes. Monster Beverage spent $103.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.8% over the year, to 1.97B..
What is Monster Beverage's free cash flow yield?
Monster Beverage generated $2.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.6% on its market value at year-end ($75.5 billion).
What is Monster Beverage's current ratio?
Monster Beverage's current ratio was 3.70 at the end of fiscal 2025: current assets were 3.70 times current liabilities.