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Monster Beverage (MNST) Cost of Revenue (2016 - 2025)

Monster Beverage (MNST) has disclosed Cost of Revenue for 17 consecutive years, with $947.7 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 17.06% to $947.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $3.7 billion, a 6.34% increase, with the full-year FY2025 number at $3.7 billion, up 6.34% from a year prior.
  • Cost of Revenue was $947.7 million for Q4 2025 at Monster Beverage, down from $972.7 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $972.7 million in Q3 2025 to a low of $528.9 million in Q1 2021.
  • A 5-year average of $801.1 million and a median of $808.1 million in 2024 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: surged 43.89% in 2021, then dropped 7.5% in 2025.
  • Monster Beverage's Cost of Revenue stood at $657.5 million in 2021, then increased by 10.82% to $728.6 million in 2022, then increased by 8.66% to $791.7 million in 2023, then grew by 2.26% to $809.6 million in 2024, then grew by 17.06% to $947.7 million in 2025.
  • Per Business Quant, the three most recent readings for MNST's Cost of Revenue are $947.7 million (Q4 2025), $972.7 million (Q3 2025), and $935.2 million (Q2 2025).