Monster Beverage Corp (MNST)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,068,484 | 2,011,935 | 1,850,130 | 1,677,336 | 1,571,965 | 1,597,449 | 1,619,544 | 1,780,221 | 1,801,419 | 2,002,152 | 2,014,011 | 1,892,632 | 1,845,105 | 1,902,408 | 1,846,939 | 1,823,434 | 1,771,777 | 1,718,719 | 1,662,716 | 1,638,850 |
| Revenue (ttm) | US$ in thousands | 7,079,110 | 6,885,120 | 6,653,460 | 6,453,790 | 6,273,070 | 6,222,880 | 6,009,150 | 5,815,830 | 5,541,150 | 5,312,660 | 5,148,460 | 4,780,410 | 4,598,650 | 4,419,580 | 4,306,790 | 4,316,940 | 4,200,906 | 4,107,925 | 3,990,525 | 4,918,245 |
| Pretax margin | 29.22% | 29.22% | 27.81% | 25.99% | 25.06% | 25.67% | 26.95% | 30.61% | 32.51% | 37.69% | 39.12% | 39.59% | 40.12% | 43.04% | 42.88% | 42.24% | 42.18% | 41.84% | 41.67% | 33.32% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,068,484K ÷ $7,079,110K
= 29.22%
Monster Beverage Corp. has demonstrated varying levels of pretax margin over the past eight quarters. The trend indicates some fluctuations in the company's ability to generate pre-tax profits relative to its revenue. In Q4 2023, the pretax margin was reported at 28.97%, slightly lower than the previous quarter's margin of 29.06%. While the company experienced a decrease in profitability compared to the previous quarter, the pretax margin remained relatively strong. Over the last two years, Monster Beverage Corp. has generally maintained a pretax margin within the range of 24.91% to 30.61%, with some quarters showing stronger profitability than others. This indicates the company's ability to effectively manage its operating expenses and generate profits before taxes, albeit with some level of variability in performance.
Peer comparison
Dec 31, 2023