Monster Beverage Corp (MNST)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	1,930,290	1,953,360	1,584,720	1,797,470	1,633,150
Revenue	US$ in thousands	7,492,710	7,140,030	6,311,050	5,541,350	4,598,640
Operating profit margin		25.76%	27.36%	25.11%	32.44%	35.51%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,930,290K ÷ $7,492,710K
= 25.76%

Monster Beverage Corp's operating profit margin has shown some fluctuations over the past five years. As of December 31, 2020, the operating profit margin was at 35.51%, indicating that the company was able to generate 35.51 cents of operating profit for every dollar of sales.

However, there was a slight decrease in the operating profit margin to 32.44% by December 31, 2021. This could suggest that the company's operating expenses increased relative to its revenue during that period.

The trend continued with a further decline to 25.11% by December 31, 2022, which may indicate challenges in managing costs or pricing pressures affecting profitability.

Subsequently, there was a slight improvement in the operating profit margin to 27.36% by December 31, 2023. This uptick could imply that the company implemented cost-saving measures or experienced an increase in revenue that outpaced its expenses.

By December 31, 2024, the operating profit margin stood at 25.76%, showing a modest decline from the previous year. Overall, Monster Beverage Corp's operating profit margin has displayed some variability over the past five years, demonstrating the importance of monitoring and managing operational efficiency and cost control.