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Monster Beverage MNST Return on invested capital

Return on invested capital at other companies

PepsiCo logo
PepsiCoPEP
16.1%-1.7pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
7.8%+2.5pp
Constellation Brands logo
Constellation BrandsSTZ
11.1%+9.8pp
Coca-Cola logo
Coca-ColaKO
18.2%+2.3pp
Church & Dwight logo
Church & DwightCHD
13.9%+3.8pp
Starbucks logo
StarbucksSBUX
11.8%-11.5pp

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+28.5%
EPS (diluted)$0.58+28.9%

Balance sheet

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Cash & equivalents$2.0B+7.2%
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$89.33B+24.4%
P/E44×-3.6×
P/S10.2×+0.5×

Profitability

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

Returns & leverage

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

Where this comes from

Calculated from Monster Beverage’s reported figures.

Based on trailing twelve months.

The official record: Monster Beverage’s 10-Q, filed May 9, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Monster Beverage's return on invested capital?
Monster Beverage (MNST) reported return on invested capital of 27.2% in Q1 2025.
How has Monster Beverage's return on invested capital changed year-over-year?
Monster Beverage's return on invested capital increased by 2.4% year-over-year, from 26.5% to 27.2%.
What is the long-term trend for Monster Beverage's return on invested capital?
Over 3 years (2021 to 2024), Monster Beverage's return on invested capital has grown at a -12.8% compound annual growth rate (CAGR), from 165.5% to 109.6%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.