What is Molson Coors Beverage Company's redeemable NCI?

Molson Coors Beverage Company (TAP) reported redeemable NCI of $114.1M in Q1 2026.

How has Molson Coors Beverage Company's redeemable NCI changed year-over-year?

Molson Coors Beverage Company's redeemable NCI decreased by 31.2% year-over-year, from $165.8M to $114.1M.

What does redeemable NCI mean?

Minority interests in subsidiaries that include a put option allowing the minority holder to require the parent to repurchase their stake.

Molson Coors Beverage Company TAP Redeemable NCI

Redeemable NCI at other companies

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$0-100%

AptarGroupATR

$26.69M—

VMI

Valmont IndustriesVMI

$9.3M-83.7%

Jefferies Financial GroupJEF

$406K0.0%

TKO Group HoldingsTKO

$34.41M+57.4%

Tempus AI, Inc.TEM

$0—

Other financials

Income statement

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Revenue$2.7B+1.0%

Gross profit$1.3B+2.2%

Operating income$258.3M+38.6%

Net income$151.3M+25.0%

EPS (diluted)$0.80+35.6%

Balance sheet

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Cash & equivalents$382.6M-7.3%

Total debt$6.5B+0.5%

Total equity$10.1B-23.2%

Total assets$22.4B-13.7%

Cash flow

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Operating cash flow$2.5M+103%

CapEx$231.7M-2.4%

Free cash flow-$229.2M+30.1%

Valuation

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Market cap$7.39B-34.4%

Enterprise value$13.5B-22.7%

P/S0.6×-0.3×

Profitability

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Gross margin47.5%-0.9pp

Operating margin-17.3%-28.6pp

Net margin-18%-25.7pp

FCF margin8.9%+0.7pp

Returns & leverage

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Return on equity-20.3%-28.2pp

Debt / equity0.6×+0.2×

Current ratio0.5×-0.4×

Where this comes from

Reported directly by Molson Coors Beverage Company in its filing.

Tagged under the XBRL concept us-gaap:RedeemableNoncontrollingInterestEquityCarryingAmount.

The official record: Molson Coors Beverage Company’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Molson Coors Beverage Company's redeemable NCI?: Molson Coors Beverage Company (TAP) reported redeemable NCI of $114.1M in Q1 2026.
How has Molson Coors Beverage Company's redeemable NCI changed year-over-year?: Molson Coors Beverage Company's redeemable NCI decreased by 31.2% year-over-year, from $165.8M to $114.1M.
What does redeemable NCI mean?: Minority interests in subsidiaries that include a put option allowing the minority holder to require the parent to repurchase their stake.