Monster Beverage (MNST) Return on Capital Employed [ROCE] (2010 - 2026)
Monster Beverage (MNST) reported Return on Capital Employed [ROCE] of 28.61% for Q2 2026, up 0.05 percentage points from 28.57% a year earlier but down 1.38 percentage points from the prior quarter.
Monster Beverage (MNST) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Monster Beverage posted Return on Capital Employed [ROCE] of 32.67%, up 7.29 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased for three consecutive years, though with a five-year change of -0.48 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 25.38% in FY2024 (+0.43 pp), 24.95% in FY2023 (+2.47 pp), 22.49% in FY2022 (-7.28 pp) and 29.77% in FY2021 (-3.38 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of 21.87% in Q4 2022 and a high of 29.99% in Q1 2026.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last 11 quarters, with an average year-over-year change of +2.71 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q1 2025 (a gain of 5.81 percentage points); the low point was Q4 2022 (a drop of 5.11 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 29.99% (Q1 2026), 28.97% (Q4 2025) and 29.79% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 394.76 Bn | 381.23 Bn | 8.42 Bn | 18.37% |
| 2 | Coca Cola Femsa Sab De Cv | 193.90 Bn | 193.90 Bn | 2.06 Bn | - |
| 3 | Pepsico | 175.24 Bn | 133.00 Bn | 13.75 Bn | 19.41% |
| 4 | Monster Beverage | 88.77 Bn | 77.03 Bn | 1.42 Bn | 28.61% |
| 5 | Diageo | 52.19 Bn | 32.26 Bn | - | - |
| 6 | Ambev | 50.68 Bn | 35.97 Bn | 2.06 Bn | 23.52% |
| 7 | Coca-Cola Europacific Partners | 50.06 Bn | 42.72 Bn | - | - |
| 8 | Keurig Dr Pepper | 46.50 Bn | 42.54 Bn | 3.07 Bn | 5.38% |
| 9 | Constellation Brands | 22.07 Bn | 21.62 Bn | 1.39 Bn | 14.56% |
| 10 | Coca-Cola Consolidated | 13.60 Bn | 11.23 Bn | 778.41 Mn | 31.65% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.61% |
| Mar 31, 2026 | 29.99% |
| Dec 31, 2025 | 28.97% |
| Sep 30, 2025 | 29.79% |
| Jun 30, 2025 | 28.57% |
| Mar 31, 2025 | 29.02% |
| Dec 31, 2024 | 28.43% |
| Sep 30, 2024 | 29.11% |
| Jun 30, 2024 | 25.43% |
| Mar 31, 2024 | 23.20% |
| Dec 31, 2023 | 23.43% |
| Sep 30, 2023 | 23.60% |
| Jun 30, 2023 | 23.08% |
| Mar 31, 2023 | 22.63% |
| Dec 31, 2022 | 21.87% |
| Dec 31, 2021 | 26.98% |
| Sep 30, 2021 | 28.24% |
| Jun 30, 2021 | 30.45% |
| Mar 31, 2021 | 30.15% |
| Dec 31, 2020 | 31.41% |
Monster Beverage Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=MNST&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=MNST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();