Monster Beverage Corp.
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+ FollowMarket Cap$90.47B
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Earnings Call Q3 2026
November 5, 2026 - AI Summary
Strong top-line momentum + international outperformance (good):
- Q3’26 net sales $2.56B, +16.7% YoY (vs. $2.20B in Q3’25).
- Outside the U.S. net sales +28.1% YoY; international mix rose to 47% of total net sales (from 43% a year ago).
- Segment split (Q3’26): Monster Energy drink +17.1% to $2.37B, Strategic brands +19.8% to $156.4M, Alcohol segment -13.6% to $28.5M.
- Category demand remains strong per Nielsen/Circana/INTAGE scanner data (multiple regions reporting double-digit growth).
Energy drink category trend & positioning (good, with data):
- Management attributes sustained category strength to growing household penetration, functionality + lifestyle positioning, value + premium portfolio, and expanded usage/dayparts.
- U.S. (Nielsen, 13 weeks through Oct 24, 2026): category dollars +12.4% YoY (including energy shots).
- EMEA (Nielsen, tracked markets): +14.7% FX-neutral YoY; APAC +11.3% FX-neutral YoY; LATAM +28.3% FX-neutral YoY (Nielsen, 3 months ended Sep 30, 2026).
- Evidence of brand momentum: examples cited include Ultra +19% in dollars (U.S.), Zero Sugar segment growing faster than full sugar, and share gains/value leadership in several EMEA markets.
Margins under pressure but not collapsing (mixed/negative):
- Gross margin % declined to 54.7% (from 55.7% YoY).
- Key drivers of lower margin: higher aluminum can costs, geographical sales mix, and higher freight costs, partially offset by pricing actions.
- Operating leverage partially offset by increased costs:
- Distribution expenses rose to 4.5% of net sales (from 3.8%).
- Selling expenses rose to 10.1% (from 9.8%), driven by increased social/digital media and marketing/sponsorships to recruit new consumers & expand household penetration.
- Investors should note the company didn’t quantify an exact “international mix impact” on margin % this call (said the regional data is available; asked investors to compute offline or follow up).
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$51.65
13.8% upside
Current Fair Value
13.8% upsideUndervalued by 13.8% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $90.47 Billion |
|---|---|
| Enterprise Value | $88.37 Billion |
| Earnings per Share | $0.98 |
| Beta | 0.49 |
| Outstanding Shares | 1,958,641,000 |
Return
| Return on Equity | 22.07% |
|---|---|
| Return on Assets | 18.22% |
| Return on Invested Capital | 27.84% |
Valuation & Multiples
| P/E Ratio | 41.19 |
|---|---|
| PEG | 491.26 |
| Price to Sales | 11.35 |
| Price to Book Ratio | 9.08 |
| Enterprise Value to Revenue | 9.22 |
| Enterprise Value to EBIT | 31.33 |
| Enterprise Value to Net Income | 40 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 5, 2026
EPS
$0.30
Est. $0.30Revenue
$2.56 B
Est. $2.49 BNext Earnings Call
Expected Date
February 25, 2027
EPS Estimate
$0.28
Consensus analyst estimateRevenue Estimate
$2.41 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 1.69, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 1.6915▲ 59.50% |
|---|---|
| Total Calls | 161,100▼ 91.32% |
| Total Puts | 272,500▼ 86.61% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 10.40%▼ 57.73% |
|---|---|
| Total Invested | $8.65B▼ 86.38% |
| Investors Holding | 704▼ 731.00% |
About Monster Beverage Corp.
1,991 employees
CEO: Rodney Sacks
Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries develop and market energy drinks, including Monste...