Monster Beverage Corp (MNST)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,068,480 | 1,571,960 | 1,801,420 | 1,626,160 | 1,415,960 |
| Revenue | US$ in thousands | 7,079,410 | 6,273,310 | 5,542,050 | 4,587,750 | 4,196,920 |
| Pretax margin | 29.22% | 25.06% | 32.50% | 35.45% | 33.74% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,068,480K ÷ $7,079,410K
= 29.22%
The pretax margin of Monster Beverage Corp. has exhibited some fluctuations over the past five years. In 2023, the pretax margin increased to 28.97% from 24.91% in 2022. Although it improved from the previous year, it is still lower than the 32.51% reported in 2021 and the 35.36% in 2020. The highest pretax margin in the provided period was 35.36% in 2020, followed by 33.71% in 2019. Overall, the trend indicates some variability in the company's ability to generate profits before taxes relative to its revenue, with a downward trajectory in recent years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Monster Beverage Corp
MNST
29.22%
Celsius Holdings Inc
CELH
22.14%
Coca-Cola Consolidated Inc.
COKE
8.39%
National Beverage Corp
FIZZ
19.29%