Stock Analysis on Net
Stock Analysis on Net

Monster Beverage Corp. (NASDAQ:MNST)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 7, 2024.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

Monster Beverage Corp., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income1 ÷ Net sales1
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
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Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

Net sales
The net sales demonstrate a robust and consistent upward trend over the period analyzed. Starting at approximately 349 million US dollars in 2005, the sales rose steadily each year, reaching over 7.14 billion US dollars by the end of 2023. This reflects a significant expansion in revenue, indicating sustained market demand and likely successful sales strategies.
Operating income
Operating income generally increased over the years, with some fluctuations. Beginning at around 103 million US dollars in 2005, it peaked near 1.79 billion in 2021 before experiencing a decrease to approximately 1.58 billion in 2022. However, it rebounded in 2023 to about 1.95 billion US dollars, marking the highest value recorded in the period. This variability towards the later years could suggest some operational challenges or changing cost structures, although the overall trend confirms profitable growth.
Operating profit margin
The operating profit margin exhibited variability across the years. It started relatively high at nearly 30% in 2005, dropped notably to around 16% in 2008, then generally stabilized in the mid-to-high 20 percent range thereafter. Margins peaked at about 35.6% in 2016 and maintained a range between roughly 25% and 35% in subsequent years. The margin decline in 2022 to 25.11% represents the lowest point since 2008, with a slight recovery to 27.36% in 2023. This pattern suggests intermittent pressures on operating efficiency or cost increases despite overall growth in operating income.
Overall insights
The company experienced strong sales growth, more than a twentyfold increase from 2005 to 2023. Despite some margin compression in certain years, operating income growth was significant, reflecting effective scaling of operations. The fluctuations in operating profit margin, particularly the dips observed in 2008 and 2022, highlight periods of potential external or internal challenges impacting profitability. Nonetheless, the recovery trends indicate resilience and capability to restore operational efficiency. The 2023 results suggest a positive trajectory in both profitability and sales following the minor setback in 2022.

Comparison to Competitors

Monster Beverage Corp., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Monster Beverage Corp. Coca-Cola Co. Mondelēz International Inc. PepsiCo Inc. Philip Morris International Inc.
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Dec 31, 2010
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Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).