Monster Beverage Corporation stock research
FY2025 Q2
Monster Beverage (MNST) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin weakened slightly from the prior quarter but improved relative to the year-ago period.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin weakened slightly from the prior quarter but improved relative to the year-ago period.
- The relationship among revenue, cost of revenue, and gross profit shows that revenue grew faster than cost of revenue compared to the year-ago quarter, supporting margin expansion. Sequentially, cost of revenue rose at a slightly higher rate than revenue, leading to a marginal margin decline.
- Compared to the immediately preceding quarter, gross margin was lower, while compared to the same quarter one year earlier, gross margin was higher. Revenue and gross profit were higher in both comparisons.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
55.7%
Gross profit
$1.2B
Revenue
$2.1B
Cost of revenue
$935.2M
Quarter-over-quarter change
-0.8 pts
Year-over-year change
+2.1 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 |
|---|---|---|---|---|
| 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% |
| Jun 30, 2025 | $2.1B | $1.2B | $935.2M | 55.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
-0.8 pts
Year-over-year change
Jun 30, 2024
+2.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The relationship among revenue, cost of revenue, and gross profit shows that revenue grew faster than cost of revenue compared to the year-ago quarter, supporting margin expansion. Sequentially, cost of revenue rose at a slightly higher rate than revenue, leading to a marginal margin decline.
Compared to the immediately preceding quarter, gross margin was lower, while compared to the same quarter one year earlier, gross margin was higher. Revenue and gross profit were higher in both comparisons.
Monitor the trajectory of cost of revenue relative to revenue, as its sequential increase outpaced revenue growth.