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Monster Beverage MNST Alcohol Brands — Intangible Impairment

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Other financials

Income statement

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Revenue$2.4B+26.9%
Gross profit$1.3B+23.4%
Operating income$730.0M+28.1%
Net income$569.5M+28.6%
EPS (diluted)$0.58+28.9%

Balance sheet

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Cash & equivalents$2.0B+7.2%
Total debt$260.6M+321%
Total equity$8.7B+33.9%
Total assets$10.8B+31.8%

Cash flow

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Operating cash flow$605.0M+19.2%
CapEx$20.6M-29.1%
Free cash flow$584.4M+22.1%

Valuation

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Market cap$92.38B+59.2%
P/E45.5×+8.6×
P/S10.5×+2.9×

Profitability

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Gross margin55.5%+0.8pp
Operating margin29.3%+3.0pp
Net margin23.1%+2.8pp
FCF margin23.6%-0.6pp

Returns & leverage

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Return on equity26.7%+6.7pp
Debt / equity0.0×
Current ratio3.3×-0.1×

Where this comes from

Reported directly by Monster Beverage in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsFinitelived.

The source filing: Monster Beverage’s 10-K, filed February 27, 2026.

Filed
Feb 26, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001104659-26-020831

Amortizing intangibles primarily consist of computer software, tradenames and customer relationships. All amortizing intangibles have been assigned an estimated finite useful life, and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally three to ten years. Total amortization expense recorded was $19.3 million, $7.5 million and $5.9 million for the years ended December 31, 2025, 2024 and 2023, respectively. For the year ended December 31, 2025, impairment charges of $38.4 million were recorded to certain finite-lived intangible assets related to the Alcohol Brands segment. No impairment charges were recorded to finite-lived intangible assets for the years ended December 31, 2024 and 2023. Impairment charges are included in operating expenses in the consolidated statements of income.

ITEM 16.FORM 10-K SUMMARY

FAQ

What is Monster Beverage's alcohol brands — intangible impairment?
Monster Beverage (MNST) reported alcohol brands — intangible impairment of $9.6M in Q4 2025.
What does alcohol brands — intangible impairment mean?
This represents the non-cash charge recognized when the carrying value of finite-lived intangible assets (such as specific brand licenses or distribution rights) in the alcohol segment exceeds their fair value. Unlike goodwill, these assets have a defined useful life and are subject to regular amortization. Impairment here suggests a specific decline in the value of a particular brand or contract.

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