Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.05B | $3.37B | $3.81B | $4.20B | $4.60B | $5.54B | $6.31B | $7.14B | $7.49B | $8.29B |
| Revenue growth | — | 10.5% | 13.0% | 10.3% | 9.5% | 20.5% | 13.9% | 13.1% | 4.9% | 10.7% |
| Gross profit | $1.94B | $2.14B | $2.30B | $2.52B | $2.72B | $3.11B | $3.17B | $3.79B | $4.05B | $4.63B |
| Gross margin | 63.7% | 63.5% | 60.3% | 60.0% | 59.2% | 56.1% | 50.3% | 53.1% | 54.0% | 55.8% |
| Operating income | $1.09B | $1.20B | $1.28B | $1.40B | $1.63B | $1.80B | $1.58B | $1.95B | $1.93B | $2.42B |
| Operating margin | 35.6% | 35.6% | 33.7% | 33.4% | 35.5% | 32.4% | 25.1% | 27.4% | 25.8% | 29.2% |
| Net income | $713M | $821M | $993M | $1.11B | $1.41B | $1.38B | $1.19B | $1.63B | $1.51B | $1.91B |
| Net margin | 23.4% | 24.4% | 26.1% | 26.4% | 30.7% | 24.9% | 18.9% | 22.8% | 20.1% | 23.0% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $701M | $988M | $1.16B | $1.11B | $1.36B | $1.16B | $888M | $1.72B | $1.93B | $2.10B |
| Capital expenditures | $99.8M | $83.4M | $61.9M | $102M | $48.7M | $43.9M | $189M | $221M | $264M | $132M |
| Free cash flow | $602M | $904M | $1.10B | $1.01B | $1.32B | $1.11B | $699M | $1.50B | $1.66B | $1.97B |
| Share buybacks | $2.25B | $361M | $1.34B | $707M | $596M | $13.8M | $771M | $659M | $3.77B | $104M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $378M | $529M | $638M | $798M | $1.18B | $1.33B | $1.31B | $2.30B | $1.53B | $2.09B |
| Total assets | $4.15B | $4.79B | $4.53B | $5.15B | $6.20B | $7.80B | $8.29B | $9.69B | $7.72B | $9.99B |
| Long-term debt | — | — | — | — | — | — | — | — | $374M | — |
| Shareholders' equity | $3.33B | $3.90B | $3.61B | $4.17B | $5.16B | $6.57B | $7.03B | $8.23B | $5.96B | $8.25B |
| Retained earnings | $2.11B | $2.93B | $3.91B | $5.02B | $6.43B | $7.81B | $9.00B | $5.94B | $7.45B | $9.35B |
| Shares (wtd avg diluted) | 600M | 577M | 564M | 547M | 535M | 1.07B | 1.07B | 1.06B | 1.01B | 984M |
Every figure is extracted from Monster Beverage Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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