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Monster Beverage MNST Q3 2024 earnings

Reported November 7, 2024 · After market close

Revenue estimate$1.9B
EPS estimate$0.43

Next report

Aug 6, 2026 (in a month)
Revenue estimate$2.4B
EPS estimate$0.59

Financials

Q3 2024

Income statement

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Revenue$1.9B+1.3%
Gross profit$999.8M+1.6%
Operating income$479.9M-6.0%
Net income$370.9M-18.1%
EPS (diluted)$0.38-11.6%

Balance sheet

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Cash & equivalents$1.6B-8.4%
Total debt$808.3M+1,383%
Total equity$5.8B-26.6%
Total assets$8.1B-13.5%

Cash flow

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Operating cash flow$618.4M+18.9%
CapEx$47.0M+69.0%
Free cash flow$571.4M+16.0%

Valuation & ratios

Q3 2024

Valuation

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Market cap$50.91B-8.2%
Enterprise value$50.09B-6.8%
P/E31.7×-3.7×
P/S6.9×-1.1×

Profitability

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Gross margin53.8%+1.2pp
Operating margin26.8%-0.9pp
Net margin21.7%-1.0pp
FCF margin21.8%+1.3pp

Returns & leverage

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Return on equity23.5%+2.2pp
Debt / equity0.1×+0.1×
Current ratio3.1×-1.4×

Segments

By segment

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Monster Energy Drinks$1.7B+0.8%
Strategic Brands$112.6M+14.0%
Alcohol Brands$39.8M-6.0%
All Other Segments$5.9M-11.5%

By geography

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EMEA$417.6M+6.6%
Latin America And Caribbean$159.2M-5.2%
Asia Pacific$132.0M+3.8%

Versus estimates

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Questions, answered.

When did Monster Beverage report Q3 2024 earnings?
Monster Beverage (MNST) reported Q3 2024 earnings on November 7, 2024 after market close.
What were Monster Beverage's Q3 2024 revenue and EPS?
Monster Beverage reported revenue of $1.9B and diluted EPS of $0.40 for Q3 2024.
Did Monster Beverage beat estimates in Q3 2024?
Revenue missed the consensus estimate of $1.9B by $25.1M. EPS missed the consensus estimate of $0.43 by $0.03.
Where can I find Monster Beverage's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001410578-24-001818) directly on SEC EDGAR. The filing index links above go to sec.gov.