Monster Beverage Corp (MNST)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,953,360 | 1,584,720 | 1,797,470 | 1,633,150 | 1,402,940 |
| Revenue | US$ in thousands | 7,079,410 | 6,273,310 | 5,542,050 | 4,587,750 | 4,196,920 |
| Operating profit margin | 27.59% | 25.26% | 32.43% | 35.60% | 33.43% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,953,360K ÷ $7,079,410K
= 27.59%
The operating profit margin for Monster Beverage Corp. has shown fluctuations over the past five years. The company's operating profit margin was highest in 2020 at 35.51% and has gradually decreased since then. In 2021 and 2022, the operating profit margin was 32.44% and 25.11% respectively, indicating a decline in profitability. However, there was a slight improvement in 2023, with the operating profit margin increasing to 27.36%.
Overall, the trend in the operating profit margin suggests some variability in the company's operational efficiency and profitability over the years. It would be important for investors and stakeholders to further investigate the factors contributing to these fluctuations to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023