Monster Beverage Corp (MNST)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,630,988	1,565,683	1,435,376	1,294,865	1,191,624	1,211,264	1,226,082	1,356,484	1,377,475	1,746,845	1,757,294	1,664,901	1,628,542	1,548,626	1,499,895	1,480,999	1,463,649	1,405,082	1,373,892	1,351,535
Revenue (ttm)	US$ in thousands	7,079,110	6,885,120	6,653,460	6,453,790	6,273,070	6,222,880	6,009,150	5,815,830	5,541,150	5,312,660	5,148,460	4,780,410	4,598,650	4,419,580	4,306,790	4,316,940	4,200,906	4,107,925	3,990,525	4,918,245
Net profit margin		23.04%	22.74%	21.57%	20.06%	19.00%	19.46%	20.40%	23.32%	24.86%	32.88%	34.13%	34.83%	35.41%	35.04%	34.83%	34.31%	34.84%	34.20%	34.43%	27.48%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,630,988K ÷ $7,079,110K
= 23.04%

Monster Beverage Corp.'s net profit margin has shown a consistent upward trend from Q2 2022 to Q3 2023, with a range between 18.88% and 22.84%. This indicates the company's ability to efficiently convert revenue into profits after accounting for all expenses. The highest net profit margin was recorded in Q4 2023 at 22.84%, reflecting stronger operational efficiency and cost management. Overall, the company has demonstrated a healthy profitability trend over the analyzed periods.