Filing Flows › Monster Beverage (MNST) › Q1 2025
Monster Beverage (MNST) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Monster Beverage (MNST) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -2% from a year earlier and +2% from the quarter before. Operating margin was 30.7%, net earnings $443M (23.9% of revenue).
Monster Beverage, Q1 2025: revenue $1.9B (-2% year over year), operating margin 30.7%, net earnings $443M, operating cash flow $508M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +2% | -2% |
| Gross profit | $1.0B | +5% | +2% |
| Operating profit | $570M | +49% | +5% |
| Net earnings | $443M | +64% | +0.2% |
| Operating cash flow | $508M | +10% | +23% |
| Free cash flow | $479M | +29% | +38% |
What changed
Revenue was $1.9B in Q1 2025, down 2% year over year and up 2% from the previous quarter. Monster Energy Drinks was the largest line at 93% of revenue. Alcohol Brands lost $0.02B year over year (down 38%), 48% of the total change.
Gross margin was 56.5%, up 2.4 points from a year earlier. Operating profit was $0.57B, a 30.7% margin (up 2.2 points year over year). Operating expenses fell 1% while revenue fell 2%. Net earnings were $0.44B, roughly flat year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.51B (up 23% year over year), 115% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.03B left free cash flow of $0.48B.
Questions
What was Monster Beverage's revenue in the first quarter 2025?
Monster Beverage (MNST) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -2% from a year earlier and +2% from the quarter before.
Was Monster Beverage profitable in the first quarter 2025?
Operating profit was $570M (30.7% of revenue) and net earnings $443M.
Source: Monster Beverage 10-Q on SEC EDGAR.