Molson Coors Beverage (TAP) Gross Margin (2009 - 2026)
Molson Coors Beverage posted quarterly Gross Margin of 33.01% for Q1 2026, down 392.0% year-on-year from 11.31% in Q1 2025, and down 58.19% on a QoQ basis from 78.96% in Q4 2025.
Molson Coors Beverage (TAP) has 18 years of Gross Margin data on file, last reported at 33.01% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 392.0% year-over-year to 33.01%; the trailing twelve-month figure through Mar 2026 stood at 42.7% (up 713.0% YoY), and the FY2025 full-year result was 38.37%, up 536.0% from the prior year.
- Gross Margin for Q1 2026 stood at 33.01%, down from 78.96% in the prior quarter.
- Across five years, Gross Margin topped out at 78.96% in Q4 2025 and bottomed at 27.77% in Q1 2023.
- The 5-year median for Gross Margin is 34.65% (2024), against an average of 37.08%.
- The widest annual swing landed in 2022, when Gross Margin plunged 1519 bps; it then surged 4698 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 29.37% in 2022, then grew by 6 bps to 30.99% in 2023, then grew by 3 bps to 31.99% in 2024, then jumped by 147 bps to 78.96% in 2025, then slumped by 58 bps to 33.01% in 2026.
- The last three Gross Margin figures came in at 33.01% (Q1 2026), 78.96% (Q4 2025), and 39.47% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 47.29% |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 55.37% |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 49.56% |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 52.63% |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 33.01% |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 49.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.01% |
| Dec 31, 2025 | 78.96% |
| Sep 30, 2025 | 39.47% |
| Jun 30, 2025 | 40.05% |
| Mar 31, 2025 | 36.93% |
| Dec 31, 2024 | 31.99% |
| Sep 30, 2024 | 39.52% |
| Jun 30, 2024 | 34.65% |
| Mar 31, 2024 | 31.60% |
| Dec 31, 2023 | 30.99% |
| Sep 30, 2023 | 40.81% |
| Jun 30, 2023 | 37.31% |
| Mar 31, 2023 | 27.77% |
| Dec 31, 2022 | 29.37% |
| Sep 30, 2022 | 27.97% |
| Jun 30, 2022 | 28.07% |
| Mar 31, 2022 | 41.89% |
| Dec 31, 2021 | 26.84% |
| Sep 30, 2021 | 42.29% |
| Jun 30, 2021 | 43.26% |
| Mar 31, 2021 | 38.51% |
| Dec 31, 2020 | 32.23% |
| Sep 30, 2020 | 35.59% |
| Jun 30, 2020 | 34.55% |
| Mar 31, 2020 | 29.67% |
| Dec 31, 2019 | 38.86% |
| Sep 30, 2019 | 33.05% |
| Jun 30, 2019 | 40.31% |
| Mar 31, 2019 | 38.65% |
| Dec 31, 2018 | 34.01% |
| Sep 30, 2018 | 41.59% |
| Jun 30, 2018 | 43.63% |
| Mar 31, 2018 | 27.75% |
| Dec 31, 2017 | 33.00% |
| Sep 30, 2017 | 44.88% |
| Jun 30, 2017 | 35.22% |
| Mar 31, 2017 | 36.94% |
| Dec 31, 2016 | 27.99% |
| Sep 30, 2016 | 43.29% |
| Jun 30, 2016 | 30.43% |
| Mar 31, 2016 | 37.60% |
| Dec 31, 2015 | 35.71% |
| Sep 30, 2015 | 42.41% |
| Jun 30, 2015 | 29.71% |
| Mar 31, 2015 | 24.44% |
| Dec 31, 2014 | 25.02% |
| Sep 30, 2014 | 30.39% |
| Jun 30, 2014 | 42.51% |
| Mar 31, 2014 | 24.85% |
| Dec 31, 2013 | 25.78% |
| Sep 28, 2013 | 42.79% |
| Jun 29, 2013 | 29.76% |
| Mar 30, 2013 | 23.75% |
| Dec 29, 2012 | 37.24% |
| Sep 29, 2012 | 30.16% |
| Jun 30, 2012 | 310.36% |
| Mar 31, 2012 | 36.53% |
| Dec 31, 2011 | 27.93% |
| Sep 24, 2011 | 42.32% |
| Jun 25, 2011 | 43.88% |
| Mar 26, 2011 | 38.12% |
| Dec 25, 2010 | 29.63% |
| Sep 25, 2010 | 33.14% |
| Jun 26, 2010 | 31.85% |
| Mar 27, 2010 | 38.82% |
| Dec 26, 2009 | 28.97% |
| Sep 26, 2009 | 44.64% |
| Jun 28, 2009 | 45.85% |
| Mar 29, 2009 | 25.83% |