Molson Coors Beverage (TAP) Gross Margin (2009 - 2026)
Molson Coors Beverage (TAP) posted Gross Margin of 29.5% for Q2 2026, down 10.64% on a QoQ basis from 33.01% in Q1 2026, and down 478.0% year-over-year from 7.8% in Q2 2025.
Analysis
Molson Coors Beverage (TAP) Gross Margin (2009 - 2026) Analysis & Trends
Molson Coors Beverage has reported Gross Margin for 18 years, with the latest figure at 29.5% in Q2 2026.
- On a quarterly basis, Gross Margin fell 478.0% year-over-year to 29.5% in Q2 2026; TTM through Jun 2026 was 31.72%, a 121.0% decrease from a year earlier, with the FY2025 full-year figure at 32.78%, down 23.0% from the prior year.
- Gross Margin was 29.5% for Q2 2026 at Molson Coors Beverage, down from 33.01% in the prior quarter.
- The five-year high for Gross Margin was 35.1% in Q1 2022, with the low at 23.42% in Q2 2022.
- Average Gross Margin over 5 years is 31.4%, with a median of 31.61% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 1226 bps in 2022, then jumped 807 bps in 2023.
- Over 5 years, Gross Margin stood at 29.37% in 2022, then increased by 6 bps to 30.99% in 2023, then increased by 3 bps to 31.99% in 2024, then fell by 3 bps to 30.98% in 2025, then dropped by 5 bps to 29.5% in 2026.
- The last three Gross Margin figures came in at 29.5% (Q2 2026), 33.01% (Q1 2026), and 30.98% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ambev | 47.60 Bn | 44.09 Bn | 2.06 Bn | 51.86% |
| 2 | Constellation Brands | 21.89 Bn | 21.79 Bn | 1.32 Bn | 50.98% |
| 3 | Molson Coors Beverage | 8.77 Bn | 6.83 Bn | 1.06 Bn | 29.50% |
| 4 | United Breweries | 2.20 Bn | -245.21 Bn | 252.83 Bn | 41.60% |
| 5 | Boston Beer | 1.75 Bn | 1.49 Bn | 286.37 Mn | 47.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.50% |
| Mar 31, 2026 | 33.01% |
| Dec 31, 2025 | 30.98% |
| Sep 30, 2025 | 33.68% |
| Jun 30, 2025 | 34.28% |
| Mar 31, 2025 | 31.63% |
| Dec 31, 2024 | 31.99% |
| Sep 30, 2024 | 33.37% |
| Jun 30, 2024 | 34.65% |
| Mar 31, 2024 | 31.60% |
| Dec 31, 2023 | 30.99% |
| Sep 30, 2023 | 34.47% |
| Jun 30, 2023 | 31.49% |
| Mar 31, 2023 | 27.77% |
| Dec 31, 2022 | 29.37% |
| Sep 30, 2022 | 27.97% |
| Jun 30, 2022 | 23.42% |
| Mar 31, 2022 | 35.10% |
| Dec 31, 2021 | 26.84% |
| Sep 30, 2021 | 34.74% |