Monster Beverage Corporation stock research
FY2025 Q3
Monster Beverage (MNST) Gross Margin — Quarter Ended Sep 30, 2025
Revenue increased compared to both the prior quarter and the same quarter last year, while gross profit also rose in both comparisons. Gross margin remained stable versus the prior quarter and improved relative to the year-ago period, as cost of revenue grew at a slower pace than revenue.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue increased compared to both the prior quarter and the same quarter last year, while gross profit also rose in both comparisons. Gross margin remained stable versus the prior quarter and improved relative to the year-ago period, as cost of revenue grew at a slower pace than revenue.
- The gross margin was unchanged from the prior quarter, indicating that the relationship between revenue and cost of revenue held steady. Compared to the same quarter last year, the margin improved, driven by a proportionally smaller increase in cost of revenue relative to revenue.
- Revenue and gross profit were higher than both the immediately preceding quarter and the same quarter one year earlier. Gross margin was stable compared to the prior quarter and higher than the year-ago quarter.
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
$2.2B
Cost of revenue
$972.7M
Quarter-over-quarter change
+0.0 pts
Year-over-year change
+2.6 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, 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% |
| Sep 30, 2025 | $2.2B | $1.2B | $972.7M | 55.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+0.0 pts
Year-over-year change
Sep 30, 2024
+2.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin was unchanged from the prior quarter, indicating that the relationship between revenue and cost of revenue held steady. Compared to the same quarter last year, the margin improved, driven by a proportionally smaller increase in cost of revenue relative to revenue.
Revenue and gross profit were higher than both the immediately preceding quarter and the same quarter one year earlier. Gross margin was stable compared to the prior quarter and higher than the year-ago quarter.
Monitor whether the gross margin can sustain its improvement over the prior year level as revenue growth continues.