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Monster Beverage vs Primo Brands

Monster Beverage is the larger business, with $8.29bn of revenue in fiscal 2025 against $6.66bn for Primo Brands (1.2 times as much). Primo Brands grew faster (29.3% against 10.7%). Monster Beverage kept more of each dollar of sales as profit: a net margin of 23.0% against 0.9%. Monster Beverage carries less debt relative to equity (0.0% against 174.8%).

Latest fiscal yearMonster BeverageMNST, 2025Primo BrandsPRMB, 2025
Revenue $8.29bn $6.66bn
Revenue growth 10.7% 29.3%
Net income $1.91bn $60.1m
Operating margin 29.2% 6.5%
Net margin 23.0% 0.9%
Return on equity 26.8% 1.9%
Free cash flow $1.97bn $303m
Cash $2.09bn $377m
Total debt $0 $5.23bn
Debt to equity 0.0% 174.8%
Dividend per share — $0.40
Dividend yield — 2.2%
Share buybacks $104m $422m
Employees 6,891 12,600
Market value $46.52bn $7.46bn
Price vs our value range Below our value range Within our value range
Moat score 97 (Strong) —
Insider trades, 12 months 0 buys, 11 sales 7 buys, 2 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.