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Molson Coors Beverage Company manufactures, markets, distributes, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers flavored malt beverages including hard seltzers, craft, spirits, and ready to drink beverages. The company also provides non-alcoholic beverages including premium mixers and energy drinks. It offers its products under Arnold Palmer Spiked, Aspall Cider, Blue Moon, Beck's, Blue Run Spirits, Cobra, Corona Extra, Coors Original, Fever-Tree, Heineken, Hidra, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Peroni Nastro Azurro, Pilsner Urquell, Redd's, Rekorderlig, Sharp's, Simply Spiked, Staropramen, Stella Artois, Topo Chico Hard Seltzer, ZOA Energy, and Vizzy Hard Seltzer above premium brands; Bergenbier, Borsodi, Burgasko, Carling, Coors Banquet, Coors Light, Jelen, Miller Lite, Molson Canadian brands, Niksicko, and OΒujsko under the premium brands; and Branik, Icehouse, Keystone, Lowenbrau, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $11.1B | $-1.5B | $-2.1B | $1.1B | -20.9% | -4.2% | -290.6% |
| 2024 | $11.6B | $2.6B | $1.1B | $1.2B | 8.6% | -0.6% | 18.3% |
| 2023 | $11.7B | $2.2B | $949M | $1.4B | 7.2% | 9.4% | -641.3% |
| 2022 | $10.7B | $873M | $-175M | $841M | -1.4% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 10,701 | 11,702.10 | 11,627 | 11,140.80 |
| Cost Of Revenue | - | 7,045.80 | 7,333.30 | 7,093.60 | 6,866.20 |
| Gross Profit | - | 3,655.20 | 4,368.80 | 4,533.40 | 4,274.60 |
| Operating Expense | - | 2,618.80 | 2,779.90 | 2,717.50 | 2,643.90 |
| Operating Income | - | 1,036.40 | 1,588.90 | 1,815.90 | 1,630.70 |
| EBITDA | - | 872.90 | 2,177.20 | 2,556.40 | -1,544.40 |
| EBIT | - | 188.10 | 1,486.50 | 1,785.70 | -2,270.10 |
| Pretax Income | - | -62.50 | 1,252.50 | 1,503 | -2,518 |
| Tax Provision | - | 124 | 296.10 | 345.30 | -337.80 |
| Net Income | - | -175.30 | 948.90 | 1,122.40 | -2,139.60 |
| Net Income Common Stockholders | - | -175.30 | 948.90 | 1,122.40 | -2,139.60 |
| Total Expenses | - | 9,664.60 | 10,113.20 | 9,811.10 | 9,510.10 |
| Interest Expense | - | 250.60 | 234 | 282.70 | 247.90 |
| Interest Income | - | 4.30 | 25.40 | 35.40 | 20.60 |
| Selling General And Administration | - | 2,618.80 | 2,779.90 | 2,717.50 | 2,643.90 |
| Normalized EBITDA | - | 1,756.50 | 2,339.90 | 2,621.80 | 2,436.60 |
| Normalized Income | - | 522.74 | 1,073.20 | 1,172.77 | 1,307.33 |
| Market Cap | 7,990.83 | 7,990.83 | 7,990.83 | 7,990.83 | 7,990.83 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Molson Coors Beverage Companythis co. | TAP | - | -3.73 | 0.78 | -20.9% | -8.71 |
| National Beverage Corp. | FIZZ | $3.2B | 17.14 | 7.21 | 42.1% | 12.02 |
| Interparfums, Inc. | IPAR | $2.9B | 17.37 | 3.32 | 19.1% | 9.79 |
| The Vita Coco Company, Inc. | COCO | $2.9B | 40.33 | 8.68 | 21.5% | 32.23 |
| The Andersons, Inc. | ANDE | $2.6B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 27.01 |
| 2.08 |
| 7.7% |
| 10.66 |
| The Chefs' Warehouse, Inc. | CHEF | $2.5B | 36.89 | 4.42 | 12.0% | 15.78 |
| Central Garden & Pet Company | CENT | $2.4B | 14.72 | 1.51 | 10.3% | 8.22 |
| Central Garden & Pet Company | CENTA | $2.2B | 13.29 | 1.37 | 10.3% | 7.57 |
| Perdoceo Education Corporation | PRDO | $2.1B | 12.68 | 2.09 | 16.4% | 7.68 |
| Peer Median | - | 17.25 | 2.70 | 14.2% | 10.22 | |