Demand and volumepositive · 5 filings
“Gross billings increased primarily due to increased worldwide sales of our Monster Energy® brand energy drinks as a result of increased consumer demand.”10-Q · Aug 7, 2026 ↗
Monster Beverage Corporation
MNST
You’ve read what changed. Here’s whether the market is confirming it.
Market read
Monster Beverage Corporation's move is being confirmed by its market group.
MNST accounts for 16.3% of the group's measured movement across 7.3 effective names. raw member direction is mixed; 5 of 10 SPY-adjusted paths align to the upside. Capital-flow agreement is 18%, so confirmation is not yet clean. No verified headline preceded the measured group move.
MOVE ANATOMY
SPY-adjusted 5m pathsIs this move genuinely shared?
Role in the moveAligned contributor#2 of 10 by movement share
Group movement share16.3%Absolute path energy—not portfolio weight
Relative path+1.14%aligned
Effective breadth7.3 / 10broad
Relative alignment5/10upside path · 5 counter-moving
Capital-flow agreement18%not yet clean
SEQUENCE READ
FIZZ, HSY, MO moved materially before MNST. MNST crossed its material path threshold at 09:50 ET, 15 minutes after the first measured mover. PG, CL followed.
EVIDENCE COVERAGE
5 of 10 members in Packaged Foods & Beverages are active. 0 of 8 disclosed connections are confirming.
What would change this read
Watch this read- At least 7 of 10 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as COKE begins moving with the group.
Invalidation: The live read weakens if participation falls to 3 of 10 members or fewer.
Research brief
The story so far
MNST accounts for 16.3% of the group's measured movement across 7.3 effective names. raw member direction is mixed; 5 of 10 SPY-adjusted paths align to the upside. Capital-flow agreement is 18%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 7 of 10 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as COKE begins moving with the group.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations616
Usable filing statements123
Verified relationships12
Evidence supporting the case
- Latest annual revenue changed +10.7% year over year.
- Operating margin changed +3.4 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Pricing and mix has repeated favorable evidence across 5 filings.
- Supply chain and availability has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Foreign exchange has repeated adverse evidence across 3 filings.
Questions before a position
- EV/sales is 131% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Oct 1, 2026
42.156m-42.1%12m-37.4%24m-19.0%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$5.5B+20.5%——
2022-12-31$6.3B+13.9%—-0.5%
2023-12-31$7.1B+13.1%—-0.8%
2024-12-31$7.5B+4.9%—-4.2%
2025-12-31$8.3B+10.7%—-2.8%
What management says matters
Persistent and emerging business drivers
Pricing and mixmixed · 5 filings
“The decrease in gross profit as a percentage of net sales for the six-months ended June 30, 2026 was primarily the result of geographical sales mix, increased aluminum can costs and increased freight-in costs, partially offset by the Pricing Actions and produ…”10-Q · Aug 7, 2026 ↗
Credit and interest ratesnegative · 3 filings
“The cash provided by financing activities for the year ended December 31, 2024 was primarily attributable to borrowings under the Credit Facilities and, to a lesser extent, the issuance of our common stock under our stock-based compensation plans.”10-K · Feb 27, 2026 ↗
Foreign exchangenegative · 3 filings
“The decrease in overall average net sales per case for our energy drink products for the year ended December 31, 2025 compared to the year ended December 31, 2024 was primarily due to adverse changes in foreign currency exchange rates as well as geographical…”10-K · Feb 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 5.0× · EV/sales 4.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
42.15+1.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for MNST. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for MNST. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind MNST
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CCEP17.0% of MNSTcustomerMay 8, 2026 ▾
“Coca-Cola Europacific Partners accounted for approximately 17% and 14% of the Company’s net sales for the three-months ended March 31, 2026 and 2025, respectively.”
COKE11.0% of MNSTcustomerMay 8, 2026 ▾
“Coca-Cola Consolidated, Inc.”
JPMJPMorgan Chase & Co.lenderMay 8, 2026 ▾
“In May 2024, the Company entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other lenders (the “ Original Credit Agreement ” ), which provided for senior unsecured credit facilities in an aggregate principal a…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 14 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
MNST is currently a Participant in the organic co-movement group Packaged Foods & Beverages. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.