Monster Beverage (MNST) Operating Margin (2009 - 2026)
Monster Beverage's Operating Margin came in at 29.18% for Q2 2026, down 0.73 percentage points from 29.91% a year earlier and down 1.84 percentage points from the prior quarter.
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Analysis
Monster Beverage (MNST) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Monster Beverage reported Operating Margin of 29.16%, up 2.23 percentage points year-over-year; for FY2025, it came in at 29.17%, up 3.41 percentage points from FY2024.
- Operating Margin carries a five-year change of -6.35 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 25.76% in FY2024 (-1.60 pp), 27.36% in FY2023 (+2.25 pp), 25.11% in FY2022 (-7.33 pp) and 32.44% in FY2021 (-3.08 pp).
- The five-year range for quarterly Operating Margin is 21.04% (Q4 2024) to 31.51% (Q3 2021).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +0.94 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2023 (a gain of 5.71 percentage points), and the weakest in Q2 2022 (a drop of 13.45 percentage points).
- Business Quant data shows MNST's Operating Margin at 31.02% (Q1 2026), 25.46% (Q4 2025) and 30.74% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 394.76 Bn | 381.23 Bn | 8.42 Bn | 34.92% |
| 2 | Coca Cola Femsa Sab De Cv | 193.90 Bn | 193.90 Bn | 2.06 Bn | 13.96% |
| 3 | Pepsico | 175.24 Bn | 133.00 Bn | 13.75 Bn | 16.86% |
| 4 | Monster Beverage | 88.77 Bn | 77.03 Bn | 1.42 Bn | 29.18% |
| 5 | Diageo | 52.19 Bn | 32.26 Bn | - | - |
| 6 | Ambev | 50.68 Bn | 35.97 Bn | 2.06 Bn | 23.89% |
| 7 | Coca-Cola Europacific Partners | 50.06 Bn | 42.72 Bn | - | - |
| 8 | Keurig Dr Pepper | 46.50 Bn | 42.54 Bn | 3.07 Bn | 8.59% |
| 9 | Constellation Brands | 22.07 Bn | 21.62 Bn | 1.39 Bn | 28.58% |
| 10 | Coca-Cola Consolidated | 13.60 Bn | 11.23 Bn | 778.41 Mn | 13.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.18% |
| Mar 31, 2026 | 31.02% |
| Dec 31, 2025 | 25.46% |
| Sep 30, 2025 | 30.74% |
| Jun 30, 2025 | 29.91% |
| Mar 31, 2025 | 30.72% |
| Dec 31, 2024 | 21.04% |
| Sep 30, 2024 | 25.51% |
| Jun 30, 2024 | 27.74% |
| Mar 31, 2024 | 28.54% |
| Dec 31, 2023 | 25.08% |
| Sep 30, 2023 | 27.51% |
| Jun 30, 2023 | 28.24% |
| Mar 31, 2023 | 28.55% |
| Dec 31, 2022 | 26.07% |
| Sep 30, 2022 | 25.73% |
| Jun 30, 2022 | 22.53% |
| Mar 31, 2022 | 26.31% |
| Dec 31, 2021 | 28.97% |
| Sep 30, 2021 | 31.51% |
API Access
Monster Beverage Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MNST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MNST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MNST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();