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Monster Beverage Corporation

MNST
77
Beverages - Non-Alcoholic · Consumer Defensive
Also trades as: 0K34.L
Exchange
NASDAQ
Winston Score
77
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Exceptional
Growth
Exceptional
Cash Flow
Exceptional
Stability
Good
Valuation
Good

Winston Score History

The full picture

Monster Beverage Corporation makes energy drinks sold in cans at gas stations, grocery stores, convenience stores, and gyms around the world. Its flagship Monster Energy brand is one of the two best-selling energy drinks globally, competing directly with Red Bull. The company also owns brands like Reign, NOS, and Bang, targeting athletes, gamers, and young adults who want a caffeine boost.

Monster earns money by selling cans and cases of its drinks to distributors and retailers, who then sell them to consumers. A major competitive advantage is its distribution deal with Coca-Cola, which gives Monster access to one of the largest beverage delivery networks on the planet. Monster operates in over 140 countries, and its high gross margin of roughly 55% reflects strong brand pricing power. The key growth opportunity is international expansion, particularly in markets where energy drink consumption is still low, though rising input costs and increasing competition from new brands remain ongoing risks.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+20.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+20.0% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

28.4%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$4.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Monster Beverage Corporation is a rare growth stock that's already generating positive cash flow while growing at 20%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
55.9%
Premium pricing power — 55.9% gross margin
Profit after running costs
Operating Margin
29.2%
Excellent — 29.2% operating margin
Return on the money invested
ROCE
28.7%
Exceptional — 28.7% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+20.4%
Fast-growing sales (+20.4% YoY)
Profit growth
EPS YoY
+35.4%
Earnings growing fast (+35.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
105%
Turns 105% of profit into real cash
Spare cash per sale
FCF Margin
22.8%
Converts sales into free cash efficiently (22.8%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
1920.28x
Comfortably covers interest (1920.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
43.8x
no trend
Pricey — P/E 43.8

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+13.0
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (43.8 → 30.8)

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Dividends

Not applicable for this business.
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