Monster Beverage Corporation stock research
FY2024 Q3
Monster Beverage (MNST) Gross Margin — Quarter Ended Sep 30, 2024
Revenue was stable compared to the prior quarter and the same quarter last year. Gross profit and cost of revenue were also broadly stable, resulting in a gross margin that was slightly lower than the prior quarter but slightly higher than the year-ago quarter.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue was stable compared to the prior quarter and the same quarter last year. Gross profit and cost of revenue were also broadly stable, resulting in a gross margin that was slightly lower than the prior quarter but slightly higher than the year-ago quarter.
- The gross margin weakened slightly from the prior quarter but improved relative to the same quarter last year, driven by a small shift in the relationship between revenue and cost of revenue.
- Compared to the immediately preceding quarter, gross margin was lower. Compared to the same quarter one year earlier, gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
53.2%
Gross profit
$999.8M
Revenue
$1.9B
Cost of revenue
$881.2M
Quarter-over-quarter change
-0.5 pts
Year-over-year change
+0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2023 | $1.7B | $938.4M | $791.7M | 54.2% |
| Mar 31, 2024 | $1.9B | $1.0B | $872.0M | 54.1% |
| Jun 30, 2024 | $1.9B | $1.0B | $881.1M | 53.6% |
| Sep 30, 2024 | $1.9B | $999.8M | $881.2M | 53.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
-0.5 pts
Year-over-year change
Sep 30, 2023
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin weakened slightly from the prior quarter but improved relative to the same quarter last year, driven by a small shift in the relationship between revenue and cost of revenue.
Compared to the immediately preceding quarter, gross margin was lower. Compared to the same quarter one year earlier, gross margin was higher.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters.