Monster Beverage Corp (MNST)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,630,990 | 1,191,620 | 1,377,480 | 1,409,590 | 1,107,840 |
| Revenue | US$ in thousands | 7,079,410 | 6,273,310 | 5,542,050 | 4,587,750 | 4,196,920 |
| Net profit margin | 23.04% | 19.00% | 24.86% | 30.73% | 26.40% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,630,990K ÷ $7,079,410K
= 23.04%
The net profit margin of Monster Beverage Corp. has experienced fluctuations over the past five years. In 2023, the net profit margin stood at 22.84%, showing an increase from the previous year's 18.88%. However, it was lower than the margins recorded in 2020 and 2019, which were 30.65% and 26.37%, respectively. The highest net profit margin was observed in 2021 at 24.86%.
These variations in the net profit margin may be indicative of changes in the company's profitability and efficiency in managing costs and generating revenues. A declining net profit margin could suggest challenges in maintaining profitability, while an increasing margin may indicate improved operational performance. Further analysis of Monster Beverage Corp.'s financial statements and industry trends would provide additional insights into the factors influencing these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023