Monster Beverage Corporation stock research
FY2025 Q1
Monster Beverage (MNST) Gross Margin — Quarter Ended Mar 31, 2025
Revenue increased from the prior quarter while gross profit remained stable, resulting in an improved gross margin. Compared to the same quarter last year, revenue was similar but cost of revenue was lower, leading to a higher gross margin.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue increased from the prior quarter while gross profit remained stable, resulting in an improved gross margin. Compared to the same quarter last year, revenue was similar but cost of revenue was lower, leading to a higher gross margin.
- The primary driver of the gross margin improvement was the reduction in cost of revenue relative to revenue, as cost of revenue decreased both sequentially and year-over-year while revenue grew or held steady.
- Gross margin strengthened compared to both the immediately preceding quarter and the same quarter one year earlier, reflecting a lower cost of revenue relative to revenue in each comparison.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
56.5%
Gross profit
$1.0B
Revenue
$1.9B
Cost of revenue
$806.6M
Quarter-over-quarter change
+1.2 pts
Year-over-year change
+2.4 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 |
|---|---|---|---|---|
| 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% |
| Mar 31, 2025 | $1.9B | $1.0B | $806.6M | 56.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
+1.2 pts
Year-over-year change
Mar 31, 2024
+2.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary driver of the gross margin improvement was the reduction in cost of revenue relative to revenue, as cost of revenue decreased both sequentially and year-over-year while revenue grew or held steady.
Gross margin strengthened compared to both the immediately preceding quarter and the same quarter one year earlier, reflecting a lower cost of revenue relative to revenue in each comparison.
Monitor the trajectory of cost of revenue, as its relationship with revenue is the key factor influencing gross margin.