Monster Beverage (MNST) Operating Margin (2009 - 2026)
Monster Beverage (MNST) reported Operating Margin of 31.02% for Q1 2026, up 30.0% year-over-year from 23.86% in Q1 2025, and up 148.77% quarter-over-quarter from 63.6% in Q4 2025.
Monster Beverage (MNST) Operating Margin (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has 18 years of Operating Margin data on file, last reported at 31.02% in Q1 2026.
- Operating Margin for Q1 2026 came in at 31.02%, up 30.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.75% (up 177.0% YoY), and the FY2025 annual result was 6.29%, up 71.0% from the prior year.
- Operating Margin grew to 31.02% in Q1 2026 per MNST's latest filing, from 63.6% in the prior quarter.
- Over five years, Operating Margin peaked at 31.02% in Q1 2026 and troughed at 63.6% in Q4 2025.
- A 5-year average of 11.79% and a median of 27.51% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 9668 bps in 2022, then tumbled 8878 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 26.07% in 2022, then slumped by 341 bps to 62.71% in 2023, then grew by 0 bps to 62.43% in 2024, then retreated by 2 bps to 63.6% in 2025, then surged by 149 bps to 31.02% in 2026.
- Business Quant data shows MNST's Operating Margin at 31.02% in Q1 2026, 63.6% in Q4 2025, and 30.74% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 341.39 Bn | 332.40 Bn | 7.85 Bn | 34.95% |
| 2 | Pepsico | 194.25 Bn | 183.58 Bn | 10.73 Bn | 16.53% |
| 3 | Monster Beverage | 89.38 Bn | 86.39 Bn | 1.29 Bn | 31.02% |
| 4 | Coca Cola Femsa Sab De Cv | 87.89 Bn | 86.38 Bn | 1.89 Bn | 12.73% |
| 5 | Keurig Dr Pepper | 41.86 Bn | 27.96 Bn | 2.10 Bn | 19.01% |
| 6 | Coca-Cola Consolidated | 10.27 Bn | 10.04 Bn | 727.08 Mn | 12.86% |
| 7 | Primo Brands | 8.82 Bn | 8.54 Bn | 464.90 Mn | 8.49% |
| 8 | Celsius Holdings | 7.92 Bn | 7.37 Bn | 378.07 Mn | 17.76% |
| 9 | Vita Coco Company | 4.80 Bn | 4.59 Bn | 71.81 Mn | 18.68% |
| 10 | National Beverage | 3.40 Bn | 3.09 Bn | 99.60 Mn | 19.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.02% |
| Dec 31, 2025 | -63.60% |
| Sep 30, 2025 | 30.74% |
| Jun 30, 2025 | 29.91% |
| Mar 31, 2025 | 30.72% |
| Dec 31, 2024 | -62.43% |
| Sep 30, 2024 | 25.51% |
| Jun 30, 2024 | 27.74% |
| Mar 31, 2024 | 28.54% |
| Dec 31, 2023 | -62.71% |
| 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 | -70.61% |
| Sep 30, 2021 | 31.51% |
| Jun 30, 2021 | 35.98% |