Monster Beverage Corp (MNST)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,989,458 | 2,053,456 | 2,161,244 | 2,148,669 | 2,068,484 | 2,011,934 | 1,850,129 | 1,677,335 | 1,571,964 | 1,597,449 | 1,619,544 | 1,780,221 | 1,801,419 | 1,783,204 | 1,795,063 | 1,673,684 | 1,626,157 | 1,546,594 | 1,491,125 | 1,467,620 |
| 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 |
| Pretax margin | 26.55% | 27.71% | 29.26% | 29.27% | 28.97% | 29.06% | 27.65% | 25.84% | 24.91% | 25.67% | 26.95% | 30.61% | 32.51% | 33.57% | 34.87% | 35.01% | 35.36% | 34.99% | 34.62% | 34.00% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,989,458K ÷ $7,492,710K
= 26.55%
The pre-tax margin of Monster Beverage Corp has experienced fluctuations over the period from March 31, 2020, to December 31, 2024. The pre-tax margin measures the company's efficiency in generating profits before accounting for taxes on its revenue.
The data shows that Monster Beverage Corp's pre-tax margin was relatively stable and relatively high in the beginning of the period, ranging from 34% to 35%. However, from March 31, 2022, there was a noticeable decline in the pre-tax margin, dropping to 30.61% by that date. The trend continued with further decreases, hitting a low of 24.91% by December 31, 2022.
There was a slight improvement in the pre-tax margin during the first half of 2023, reaching 29.27% by March 31, 2023. However, this improvement was short-lived as the pre-tax margin decreased again to 27.71% by September 30, 2024.
Overall, the pre-tax margin of Monster Beverage Corp followed a downward trend after reaching its peak in the earlier period. This may indicate challenges in managing costs and expenses relative to the company's revenue during the latter part of the period. It would be advisable for the company to closely monitor its cost structure and implement strategic measures to improve its profitability ratios in the future.
Peer comparison
Dec 31, 2024