COKE vs MNST: Coca-Cola Consolidated and Monster Beverage compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Monster Beverage is the larger company, worth $42.9B, about 3.2 times Coca-Cola Consolidated.
- Monster Beverage grew revenue faster over the last year (+20.2% vs +10.6%).
- Monster Beverage keeps more of each dollar of revenue as operating profit (29.2% vs 13.0%).
- On earnings, Monster Beverage is the cheaper stock (21.2x vs 27.8x).
- Monster Beverage's price assumes faster free cash flow growth: about 6% a year, against 6% for Coca-Cola Consolidated (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | COKE | MNST |
|---|---|---|
| Market cap | $13.5B | $42.9B |
| Share price | $196.24 | $43.64 |
| Revenue (last fiscal year) | $7.2B | $8.3B |
| Free cash flow (last fiscal year) | $620M | $2.0B |
| Revenue growth, last year | +10.6% | +20.2% |
| Revenue growth per year, last 5 fiscal years | +6.8% | +10.6% |
| Operating margin | 13.0% | 29.2% |
| Net margin | 7.2% | 23.1% |
| Return on equity | — | 22.7% |
| P/E (trailing) | 27.8x | 21.2x |
| Price / free cash flow | 21.6x | 21.8x |
| EV / EBITDA | 17.1x | 14.5x |
| FCF growth the price implies | 6.1% | 6.1% |
| Dividend yield | 0.51% | — |
| Debt / equity | — | 0.22x |
| Fundamental grade | D | B |
| Superinvestors holding it | 2 | 4 |
| Insider purchases, last 12 months | 0 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Coca-Cola Consolidated
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.6B | $366M | 7.9% |
| 2022 | $6.2B | $256M | 10.3% |
| 2023 | $6.7B | $528M | 12.5% |
| 2024 | $6.9B | $505M | 13.3% |
| 2025 | $7.2B | $620M | 13.2% |
Monster Beverage
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.5B | $1.1B | 32.4% |
| 2022 | $6.3B | $699M | 25.1% |
| 2023 | $7.1B | $1.5B | 27.4% |
| 2024 | $7.5B | $1.7B | 25.8% |
| 2025 | $8.3B | $2.0B | 29.2% |
Where the revenue comes from
Coca-Cola Consolidated · by segments, 2025
Nonalcoholic Beverages$7.2B96%
All Other$326M4%
Monster Beverage · by segments, 2025
Monster Energy Drinks$7.7B92%
Strategic Brands$469M6%
Alcohol Brands$135M2%
Other$25M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open COKE in InvestinglyQuestions
Which is bigger, Coca-Cola Consolidated or Monster Beverage?
Monster Beverage (MNST), at $42.9B against $13.5B.
Is COKE or MNST cheaper?
By trailing P/E, Monster Beverage (21.2x) is cheaper than Coca-Cola Consolidated (27.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, COKE or MNST?
Monster Beverage: revenue grew +20.2% over the last year, against +10.6%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.