Monster Beverage Corporation stock research
FY2024 Q4
Monster Beverage (MNST) Gross Margin — Quarter Ended Dec 31, 2024
Revenue decreased from the prior quarter while gross profit remained nearly stable, leading to an improvement in gross margin. Compared to the same quarter last year, revenue and gross profit were higher, but gross margin was slightly lower.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue decreased from the prior quarter while gross profit remained nearly stable, leading to an improvement in gross margin. Compared to the same quarter last year, revenue and gross profit were higher, but gross margin was slightly lower.
- Cost of revenue declined more sharply than revenue from the prior quarter, which supported gross profit and lifted gross margin. This cost reduction was the strongest observable driver of margin improvement.
- Compared to the prior quarter, gross margin improved as cost of revenue fell while gross profit held steady. Versus the same quarter a year ago, gross margin weakened slightly despite higher revenue and gross profit.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
55.3%
Gross profit
$1.0B
Revenue
$1.8B
Cost of revenue
$809.6M
Quarter-over-quarter change
+2.2 pts
Year-over-year change
+1.1 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 |
|---|---|---|---|---|
| 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% |
| Dec 31, 2024 | $1.8B | $1.0B | $809.6M | 55.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+2.2 pts
Year-over-year change
Dec 31, 2023
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Cost of revenue declined more sharply than revenue from the prior quarter, which supported gross profit and lifted gross margin. This cost reduction was the strongest observable driver of margin improvement.
Compared to the prior quarter, gross margin improved as cost of revenue fell while gross profit held steady. Versus the same quarter a year ago, gross margin weakened slightly despite higher revenue and gross profit.
Monitor whether the cost of revenue trend continues to decline relative to revenue in upcoming quarters.