Monster Beverage Corp (MNST)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,989,460 | 2,068,480 | 1,571,960 | 1,801,420 | 1,626,160 |
| Revenue | US$ in thousands | 7,492,710 | 7,140,030 | 6,311,050 | 5,541,350 | 4,598,640 |
| Pretax margin | 26.55% | 28.97% | 24.91% | 32.51% | 35.36% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,989,460K ÷ $7,492,710K
= 26.55%
Monster Beverage Corp's pretax margin has experienced fluctuations over the past five years. The company's pretax margin stood at 35.36% as of December 31, 2020, indicating strong profitability before accounting for taxes. However, there was a decline in profitability as the pretax margin decreased to 32.51% by December 31, 2021.
In the following years, there were further fluctuations in pretax margin, with the figure declining to 24.91% by December 31, 2022, before rebounding to 28.97% by December 31, 2023. The most recent data point as of December 31, 2024, shows a pretax margin of 26.55%.
These fluctuations in pretax margin suggest some variability in Monster Beverage Corp's efficiency in generating profits before taxes. It is important to consider the reasons behind these changes to assess the company's overall financial performance and sustainability.
Peer comparison
Dec 31, 2024