Monster Beverage Corp（MNST）の決算・業績分析
Monster Beverage Corpの2025年有価証券報告書をAI分析。売上高$8.3B(+10.7%)。営業利益$2.4B。Consumer Staples。
目次
Monster Beverage Corpの2025年度 業績サマリー
Monster Beverage Corp（証券コード: MNST）の2025年度決算・業績分析。売上高は$8.3B（前年比+10.7%）。営業利益は$2.4B（前年比+25.3%）。純利益は$1.9B（前年比+26.3%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Monster Beverage Corpの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 13.9% YoY to $6.3B (XBRL), but operating income declined 11.8% YoY to $1.6B (XBRL).
- Net debt reached -$1.9B (XBRL), reflecting strong liquidity despite $374M in long-term debt (XBRL).
- Free cash flow of $699M (XBRL) supported $771M in share repurchases (XBRL), while cash reserves stood at $2.3B (XBRL).
- 5-year revenue CAGR of 13.4% (XBRL) highlights sustained growth, though net income fell 13.5% YoY to $1.2B (XBRL).
Monster Beverage Corpの売上高変化の要因
- •Revenue rose to $6.3B (XBRL), up 13.9% YoY, with a 5-year CAGR of 13.4% (XBRL). Historical data shows consistent growth from $3.8B (FY2020) to $7.1B (FY2025) (XBRL). Growth drivers include expansion into hard seltzers and still waters, though operating income dipped 11.8% YoY to $1.6B (XBRL), suggesting margin compression or increased costs.
Monster Beverage Corpの営業利益変化の要因
- •Gross margin remained stable at 50.3% (XBRL), but operating margin fell to 25.1% (XBRL) from prior years, and net margin declined to 18.9% (XBRL). Operating income decreased 11.8% YoY to $1.6B (XBRL), while EBITDA held at $1.6B (26.1% of revenue) (XBRL). Net income dropped 13.5% YoY to $1.2B (XBRL), reflecting higher expenses or cost pressures.
Monster Beverage Corpの事業リスクと対応
Dependency on TCCC's success for future performance (10-K).
Reliance on bottlers and contract packers for production/distribution (10-K).
Concentration of revenue in energy drinks facing competitive pressure (10-K).
Inability to pass on rising raw material/freight costs (10-K).
Increased competition and changing retail dynamics threatening market position (10-K).
Regulatory risks from energy drink regulations, data protection laws, and alcohol beverage rules (10-K).
Monster Beverage Corpの事業内容
Monster Beverage Corp operates in the energy drink, craft beer, and flavored malt beverage markets, generating revenue through direct sales to bottlers, distributors, and retailers (10-K). Key products include Monster Energy® drinks, Strategic Brands concentrates, alcohol brands like Jai Alai® IPA, and still/sparkling waters (10-K). The company lacks significant customer concentration (N/A) but faces risks from competitive pressures and reliance on bottlers for production/distribution (10-K).
Monster Beverage CorpのAI業績分析レポート（2024年度）
Monster Beverage Corp (MNST) FY2024 Annual Report Analysis
Highlights
Business Overview
Monster Beverage Corp operates in the energy drink, craft beer, and flavored malt beverage markets, generating revenue through direct sales to bottlers, distributors, and retailers (10-K). Key products include Monster Energy® drinks, Strategic Brands concentrates, alcohol brands like Jai Alai® IPA, and still/sparkling waters (10-K). The company lacks significant customer concentration (N/A) but faces risks from competitive pressures and reliance on bottlers for production/distribution (10-K).
Revenue Analysis
Revenue rose to $6.3B (XBRL), up 13.9% YoY, with a 5-year CAGR of 13.4% (XBRL). Historical data shows consistent growth from $3.8B (FY2020) to $7.1B (FY2025) (XBRL). Growth drivers include expansion into hard seltzers and still waters, though operating income dipped 11.8% YoY to $1.6B (XBRL), suggesting margin compression or increased costs.
Profitability Analysis
Gross margin remained stable at 50.3% (XBRL), but operating margin fell to 25.1% (XBRL) from prior years, and net margin declined to 18.9% (XBRL). Operating income decreased 11.8% YoY to $1.6B (XBRL), while EBITDA held at $1.6B (26.1% of revenue) (XBRL). Net income dropped 13.5% YoY to $1.2B (XBRL), reflecting higher expenses or cost pressures.
Balance Sheet Analysis
Equity ratio of 67.8% (XBRL) and current ratio of 4.81x (XBRL) indicate strong liquidity and leverage management. Total assets grew to $9.7B (FY2024) (XBRL), but fell to $7.7B (FY2025) (XBRL). Cash reserves of $2.3B (XBRL) and net debt of -$1.9B (XBRL) highlight robust financial flexibility.
Cash Flow Analysis
Operating cash flow of $888M (XBRL) supported $699M in free cash flow (XBRL) after $189M in CapEx (XBRL). Financing activities included $771M in share repurchases (XBRL), while investing cash flow was -$161M (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) of 116 days (XBRL) reflects 69 days of receivables, 113 days of inventory, and 66 days of payables (XBRL).
Risks
Outlook
N/A (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 3.8B | 4.2B | 4.6B | 5.5B | 6.3B | 7.1B |
| Operating Income | 1.3B | 1.4B | 1.6B | 1.8B | 1.6B | 2.0B |
| Net Income | 993M | 1.1B | 1.4B | 1.4B | 1.2B | 1.6B |
| Total Assets | 5.2B | 6.2B | 7.8B | 8.3B | 9.7B | 7.7B |
| Total Equity | 3.9B | 3.6B | 4.2B | 5.2B | 6.6B | 7.0B |
| Operating Cash Flow | 1.2B | 1.1B | 1.4B | 1.2B | 888M | 1.7B |
Consumer Staplesの企業一覧
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