Molson Coors Beverage Company stock research
FY2025 Q4
Molson Coors Beverage (TAP) Gross Margin & Quarterly History
Explore Molson Coors Beverage Company (TAP) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue was lower than the prior quarter but similar to the year-ago level. Gross margin weakened sequentially and also declined relative to the same quarter a year earlier.
- The decline in gross profit was proportionally larger than the decline in revenue, indicating that cost of revenue did not decrease at the same rate as revenue. This relationship drove the gross margin lower.
- Compared to the prior quarter, revenue and gross profit were lower, and gross margin weakened. Versus the same quarter last year, revenue and gross profit were also lower, with gross margin slightly weaker.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
31.0%
Gross profit
$968.3M
Revenue
$3.1B
Cost of revenue
$1.7B
Quarter-over-quarter change
-2.7 pts
Year-over-year change
-1.0 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, 2025 | $2.7B | $850.9M | $1.5B | 31.6% |
| Jun 30, 2025 | $3.7B | $1.3B | $1.9B | 34.3% |
| Sep 30, 2025 | $3.5B | $1.2B | $1.8B | 33.7% |
| Dec 31, 2025 | $3.1B | $968.3M | $1.7B | 31.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-2.7 pts
Year-over-year change
Dec 31, 2024
-1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross profit was proportionally larger than the decline in revenue, indicating that cost of revenue did not decrease at the same rate as revenue. This relationship drove the gross margin lower.
Compared to the prior quarter, revenue and gross profit were lower, and gross margin weakened. Versus the same quarter last year, revenue and gross profit were also lower, with gross margin slightly weaker.
Monitor the trajectory of cost of revenue relative to revenue, as the current period showed a slower decline in costs compared to the revenue drop.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Molson Coors Beverage Company (TAP) | 31.0% |