Monster Beverage Corp (MNST)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	1,930,294	1,983,029	2,013,640	2,010,282	1,953,355	1,913,747	1,821,150	1,670,296	1,584,721	1,603,250	1,629,784	1,782,808	1,797,465	1,786,886	1,801,023	1,682,312	1,633,154	1,547,898	1,484,740	1,456,466
Revenue (ttm)	US$ in thousands	7,492,710	7,410,780	7,385,840	7,340,200	7,140,030	6,922,850	6,691,110	6,491,410	6,311,050	6,223,160	6,009,430	5,816,100	5,541,350	5,312,590	5,148,390	4,780,360	4,598,640	4,419,570	4,306,790	4,316,930
Operating profit margin		25.76%	26.76%	27.26%	27.39%	27.36%	27.64%	27.22%	25.73%	25.11%	25.76%	27.12%	30.65%	32.44%	33.63%	34.98%	35.19%	35.51%	35.02%	34.47%	33.74%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,930,294K ÷ $7,492,710K
= 25.76%

Monster Beverage Corp's operating profit margin has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 33.74% in March 2020, the margin improved gradually, reaching its peak at 35.51% by the end of December 2020.

However, the operating profit margin saw a slight decline in the following quarters, with numbers oscillating around the mid-30% range until December 2021. From March 31, 2021, to December 31, 2021, the margin dropped by around 3% to 32.44%.

The trend continued as the margin decreased further, hitting 25.11% by December 31, 2022, representing a significant 7% drop from the previous quarter. The trend of declining profit margins persisted until the end of 2024, where the operating profit margin stood at 25.76%.

Overall, the operating profit margin for Monster Beverage Corp showed a general decreasing trend with some fluctuations over the analyzed period, indicating potential challenges in maintaining profitability in their operations.