Monster Beverage Corporation

MNSTNASDAQConsumer Defensive● Active

$89.63

+$0.08(+0.09%)

Market Cap$87.7B

P/E Ratio—

52W High$90.39

52W Low$58.09

Avg Volume5.3M

Open$89.29

Beta0.54

Free Cash Flow Financials Revenue

Monster Beverage Corporation (MNST) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MNST · free cash flow · updated Jun 8, 2026

Core FCF metrics

MNST · FCF · TTM · margin & CAGR

Free cash flow was $1.97B for FY2025 (fiscal year ending 2025-12-31), up 21.2% year-over-year The FCF margin was 23.7%. Five-year CAGR stands at +8.7%.

FY2025 Free Cash Flow$1.97B▲ +21.2% YoY

Trailing 12M (TTM)$2.07Btrailing 4 quarters sum

FCF Margin23.7%$1.97B ÷ revenue

3-Year CAGR+42.8%FY2022 → FY2025

5-Year CAGR+8.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MNST · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.10B(132M)$1.97B▲ +21.2%23.7%

FY2024$1.93B(306M)$1.62B▲ +9.4%21.6%

FY2023$1.72B(235M)$1.48B▲ +119.5%20.8%

FY2022$887.7M(212M)$675.5M▼ 38.5%10.7%

FY2021$1.16B(57M)$1.10B▼ 15.3%19.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MNST · P/FCF · FCF yield · FCF per share

Monster Beverage Corporation (MNST) trades at a FCF yield of 2.37% and a price-to-free-cash-flow ratio of 42.3x. FCF per share stands at $2.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.37%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.12

TTM FCF ÷ Shares Outstanding

Price / FCF

x42.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x41.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MNST · cash flow statement · operating / investing / financing

For FY2025, Monster Beverage Corporation generated $2.10B in operating cash flow and spent 132M in capital expenditures, yielding $1.97B in free cash flow.

Operating Activities

+$2.10B

Cash from core business operations

2025-12-31

Investing Activities

−$1.32B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$324.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.10B) − |CapEx| (132M) = FCF ($1.97B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

MNST vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Monster Beverage CorporationYOU

MNST

$1.97B+21.2%23.7%

13%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Monster Beverage Corporation (MNST) reported free cash flow of $1.97B for FY2025 (fiscal year ending 2025-12-31), up 21.2% year-over-year. The FCF margin was 23.7%.

Based on available data, Monster Beverage Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.97B in FY2025. The 5-year CAGR stands at +8.7%.

Monster Beverage Corporation's FCF yield is 2.37% and price-to-FCF ratio is 42.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MNST free cash flow · 8 questions

Monster Beverage Corporation free cash flow was $1.97B for FY2025, up 21.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.07B.

MNST free cash flowMNST FCFMNST FCF 2025MNST free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Monster Beverage Corporation · Monster Beverage Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026