Monster Beverage (MNST) Cost of Revenue (2009 - 2026)
Monster Beverage (MNST) posted quarterly Cost of Revenue of $1.1 billion for Q1 2026, up 31.41% year-over-year from $806.6 million in Q1 2025, and up 11.84% quarter-over-quarter from $947.7 million in Q4 2025.
Monster Beverage (MNST) Cost of Revenue (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has reported Cost of Revenue for 18 consecutive years, with $1.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 31.41% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $3.9 billion (up 15.9% YoY), while the FY2025 annual figure was $3.7 billion, up 6.34% from the prior year.
- Cost of Revenue grew to $1.1 billion in Q1 2026 per MNST's latest filing, from $947.7 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.1 billion in Q1 2026 and bottomed at $728.6 million in Q4 2022.
- Historically, Cost of Revenue has averaged $861.7 million across 5 years, with a median of $872.3 million in 2023.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 40.28% — and 2025, when it dropped 7.5%.
- Monster Beverage's Cost of Revenue stood at $728.6 million in 2022, then advanced by 8.66% to $791.7 million in 2023, then climbed by 2.26% to $809.6 million in 2024, then gained by 17.06% to $947.7 million in 2025, then climbed by 11.84% to $1.1 billion in 2026.
- Business Quant data shows MNST's Cost of Revenue at $1.1 billion in Q1 2026, $947.7 million in Q4 2025, and $972.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 374.58 Bn | 362.59 Bn | 8.42 Bn | 4.97 Bn |
| 2 | Pepsico | 189.90 Bn | 179.36 Bn | 13.11 Bn | 11.07 Bn |
| 3 | Coca Cola Femsa Sab De Cv | 189.59 Bn | 189.59 Bn | 2.06 Bn | 2.32 Bn |
| 4 | Monster Beverage | 102.51 Bn | 99.53 Bn | 1.42 Bn | 1.12 Bn |
| 5 | Coca-Cola Europacific Partners | 49.38 Bn | 48.76 Bn | - | - |
| 6 | Keurig Dr Pepper | 40.83 Bn | 43.85 Bn | 2.10 Bn | 1.88 Bn |
| 7 | Andina Bottling | 22.72 Bn | 63.23 Bn | 319.18 Bn | 500.91 Bn |
| 8 | Coca-Cola Consolidated | 10.91 Bn | 10.67 Bn | 778.41 Mn | 1.27 Bn |
| 9 | Primo Brands | 8.54 Bn | 8.17 Bn | 548.70 Mn | 1.25 Bn |
| 10 | Celsius Holdings | 7.18 Bn | 6.63 Bn | 393.69 Mn | 424.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12 Bn |
| Jun 30, 2026 | 1.12 Bn |
| Mar 31, 2026 | 1.06 Bn |
| Mar 31, 2026 | 1.06 Bn |
| Dec 31, 2025 | 947.72 Mn |
| Dec 31, 2025 | 947.72 Mn |
| Sep 30, 2025 | 972.65 Mn |
| Sep 30, 2025 | 972.65 Mn |
| Jun 30, 2025 | 935.18 Mn |
| Jun 30, 2025 | 935.18 Mn |
| Mar 31, 2025 | 806.60 Mn |
| Mar 31, 2025 | 806.60 Mn |
| Dec 31, 2024 | 809.60 Mn |
| Dec 31, 2024 | 809.60 Mn |
| Sep 30, 2024 | 881.17 Mn |
| Sep 30, 2024 | 881.17 Mn |
| Jun 30, 2024 | 881.09 Mn |
| Jun 30, 2024 | 881.09 Mn |
| Mar 31, 2024 | 871.97 Mn |
| Mar 31, 2024 | 871.97 Mn |