Short answer
Monster Beverage (MNST) filed its fiscal 2024 10-K annual report with the SEC on Feb 28, 2025. It reported revenue of $7.5B (+4.9% year over year) and net income of $1.5B.
FY2024 key financial metrics · XBRL
- Revenue
- $7.5B
- +4.9% YoY
- Net income
- $1.5B
- −7.5% YoY
- Operating margin
- 25.8%
- −1.6 pp YoY
- Gross margin
- 54.0%
- +0.9 pp YoY
- ROE
- 25.3%
- +5.5 pp YoY
- Operating cash flow
- $1.9B
- +12.3% YoY
Source: XBRL data from the Monster Beverage (MNST) FY2024 10-K on SEC EDGAR. USD.
Monster Beverage FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Manufacture and sale of energy drinks and related beverage products worldwide
- New emphasis on Alcohol Brands segment, with net sales $172.3M in 2024, up from $101.4M in 2022
- Strategic shift: Increased focus on liquid refreshments beyond energy drinks, highlighted by Alcohol Brands and Other segments
- Case sales growth: Total energy drink volume 846.7M cases in 2024, up 10.1% from 2023 volume of 769.2M cases
- New $1.5B credit facilities agreement in May 2024, including $750M term loan and $750M revolving credit facility
Management Discussion & Analysis
- Revenue $7.49B, up 4.9% YoY ($352.7M increase) driven by Monster Energy® volume and pricing; foreign exchange impact -$247.1M
- Gross profit $4.05B, up 6.7% YoY; gross margin 54.0% vs 53.1% YoY due to pricing, lower freight and aluminum can costs
- Operating income $1.93B, down 1.2% YoY; operating margin 25.8% vs 27.4% due to $138.8M impairment charge in Alcohol Brands segment
- Best performing segment: Monster Energy® Drinks operating income $2.46B, +5.3% YoY; Worst segment: Alcohol Brands operating loss $200.3M, up 146.9% loss YoY
- Cash flow uses: treasury stock repurchases reduced investment balances; no specific buyback/dividend/capex amounts disclosed
- Forward outlook: increased promotional expenses (up 13.6% to $1.28B) to support volume growth; risks include foreign currency headwinds and category challenges in Alcohol segment
Generated from the filing text; verify against the original. How to read a 10-K
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