Monster Beverage (MNST) Operating Margin (2009 - 2026)
Monster Beverage (MNST) posted quarterly Operating Margin of 31.02% for Q1 2026, up 30.0% year-over-year from 23.86% in Q1 2025, and up 21.82% quarter-over-quarter from 25.46% in Q4 2025.
Powered by 
Analysis
Monster Beverage (MNST) Operating Margin (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has reported Operating Margin for 18 consecutive years, with 31.02% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 30.0% year-over-year to 31.02%; the TTM figure through Mar 2026 stood at 29.34% (up 305.0% YoY), while the FY2025 annual figure was 29.17%, up 341.0% from the prior year.
- Operating Margin improved to 31.02% in Q1 2026 per MNST's latest filing, from 25.46% in the prior quarter.
- Across five years, Operating Margin topped out at 31.02% in Q1 2026 and bottomed at 21.04% in Q4 2024.
- Historically, Operating Margin has averaged 27.1% across 5 years, with a median of 27.51% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin sank 1345 bps — and 2023, when it soared 571 bps.
- Monster Beverage's Operating Margin stood at 26.07% in 2022, then fell by 4 bps to 25.08% in 2023, then decreased by 16 bps to 21.04% in 2024, then advanced by 21 bps to 25.46% in 2025, then gained by 22 bps to 31.02% in 2026.
- Business Quant data shows MNST's Operating Margin at 31.02% in Q1 2026, 25.46% in Q4 2025, and 30.74% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 382.49 Bn | 368.34 Bn | 8.42 Bn | 34.92% |
| 2 | Pepsico | 191.24 Bn | 180.52 Bn | 13.11 Bn | 16.64% |
| 3 | Coca Cola Femsa Sab De Cv | 190.37 Bn | 190.37 Bn | 2.06 Bn | 13.21% |
| 4 | Monster Beverage | 86.82 Bn | 83.40 Bn | 1.42 Bn | 29.18% |
| 5 | Coca-Cola Europacific Partners | 49.71 Bn | 48.55 Bn | - | - |
| 6 | Keurig Dr Pepper | 44.83 Bn | 43.31 Bn | 3.07 Bn | 8.59% |
| 7 | Andina Bottling | 23.19 Bn | 22.72 Bn | 698.26 Mn | 0.00% |
| 8 | Coca-Cola Consolidated | 13.13 Bn | 12.96 Bn | 778.41 Mn | 13.22% |
| 9 | Celsius Holdings | 8.04 Bn | 7.41 Bn | 393.69 Mn | 9.20% |
| 10 | Primo Brands | 7.90 Bn | 7.53 Bn | 548.70 Mn | 10.04% |
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% |