Molson Coors Beverage Company

TAP

Consumer DefensiveMid CapUS Equities · NYSE / NASDAQ

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Company Profile

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 Oujsko 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.

Valuation

Market Cap$7.2B

Current Price$39.89as of Jun 23, 2026

P/E Ratio-3.37

P/B Ratio0.70

EV / EBITDA-8.20

EV / Sales1.14

Profitability

Operating Margin14.6%

Net Profit Margin-19.2%

EBITDA Margin-13.9%

Returns

ROE-20.9%

ROCE9.4%

ROIC %-

ROA-9.4%

Solvency

Current Ratio0.55

Debt / Equity0.62

Debt / Assets0.28

CFO / Net Profit-0.83

Price History▼ 16.98% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$11.1B▼ 4.2%

EBITDA$-1.5B▼ 160.4%

Net Profit$-2.1B▼ 290.6%

Cash from Ops (CFO)$1.8B▼ 6.6%

Free Cash Flow (FCF)$1.1B▼ 13.6%

Revenue CAGR 3Y1.4%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

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

Financial Statements

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
Operating Revenue	-	12,807.50	13,884.60	13,734.30	13,040.30
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
Selling General And Administration	-	2,618.80	2,779.90	2,717.50	2,643.90
Total Expenses	-	9,664.60	10,113.20	9,811.10	9,510.10
Operating Income	-	1,036.40	1,588.90	1,815.90	1,630.70
Total Operating Income As Reported	-	157.50	1,438.20	1,753.20	-2,336.90
EBITDA	-	872.90	2,177.20	2,556.40	-1,544.40
Normalized EBITDA	-	1,756.50	2,339.90	2,621.80	2,436.60
EBIT	-	188.10	1,486.50	1,785.70	-2,270.10
Interest Income	-	4.30	25.40	35.40	20.60
Interest Expense	-	250.60	234	282.70	247.90
Net Interest Income	-	-246.30	-208.60	-247.30	-227.30
Other Non Operating Income Expenses	-	26.30	22.90	-2.90	46.20
Other Income Expense	-	-852.60	-127.80	-65.60	-3,921.40
Interest Income Non Operating	-	4.30	25.40	35.40	20.60
Interest Expense Non Operating	-	250.60	234	282.70	247.90
Net Non Operating Interest Income Expense	-	-246.30	-208.60	-247.30	-227.30
Pretax Income	-	-62.50	1,252.50	1,503	-2,518
Tax Provision	-	124	296.10	345.30	-337.80
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-185.56	-38.40	-15.03	-534.07
Net Income Continuous Operations	-	-186.50	956.40	1,157.70	-2,180.20
Net Income From Continuing And Discontinued Operation	-	-175.30	948.90	1,122.40	-2,139.60
Net Income From Continuing Operation Net Minority Interest	-	-175.30	948.90	1,122.40	-2,139.60
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
Net Income Including Noncontrolling Interests	-	-186.50	956.40	1,157.70	-2,180.20
Normalized Income	-	522.74	1,073.20	1,172.77	1,307.33
Diluted NI Availto Com Stockholders	-	-175.30	948.90	1,122.40	-2,139.60
Basic Average Shares	-	216.90	216	208.80	199.10
Diluted Average Shares	-	216.90	217.30	209.90	199.10
Reconciled Depreciation	-	684.80	690.70	770.70	725.70
Reconciled Cost Of Revenue	-	7,045.80	7,333.30	7,093.60	6,866.20
Total Unusual Items	-	-883.60	-162.70	-65.40	-3,981
Total Unusual Items Excluding Goodwill	-	-883.60	-162.70	-65.40	-3,981
Minority Interests	-	11.20	-7.50	-35.30	40.60
Special Income Charges	-	-883.60	-162.70	-65.40	-3,981
Gain On Sale Of Business	-	6.80	2.20	41.40	2.90
Write Off	13.50	-	-	-	-
Impairment Of Capital Assets	-	881.30	160.80	0	3,919.60
Restructuring And Mergern Acquisition	-	9.10	4.10	106.80	64.30
Gain On Sale Of Security	-7.40	-	-	-	-
General And Administrative Expense	2,554.50	2,618.80	2,779.90	-	-
Other Gand A	2,554.50	2,618.80	2,779.90	-	-
Salaries And Wages	-46.40	-36.60	-10.20	-	-
Gain On Sale Of Ppe	-25.20	-3.10	0	-104.20	-
Earnings From Equity Interest	-	4.70	12	2.70	13.40
Excise Taxes	-	2,106.50	2,182.50	2,107.30	1,899.50

Peer Comparison

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	$7.2B	-3.37	0.70	-20.9%	-8.20
The Campbell's Company	CPB	$6.4B	10.67	1.65	15.4%	8.57
Conagra Brands, Inc.	CAG	$6.1B	5.26	0.68	12.9%	7.16
Lamb Weston Holdings, Inc.	LW	$5.9B	16.38	3.37	20.6%	9.26
PriceSmart, Inc.	PSMT	$5.3B

Learn while you research

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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

Metric

2021

2022

2023

2024

2025

Total Revenue

10,701

11,702.10

11,627

11,140.80

Operating Revenue

12,807.50

13,884.60

13,734.30

13,040.30

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

Selling General And Administration

2,618.80

2,779.90

2,717.50

2,643.90

Total Expenses

9,664.60

10,113.20

9,811.10

9,510.10

Operating Income

1,036.40

1,588.90

1,815.90

1,630.70

Total Operating Income As Reported

157.50

1,438.20

1,753.20

-2,336.90

EBITDA

872.90

2,177.20

2,556.40

-1,544.40

Normalized EBITDA

1,756.50

2,339.90

2,621.80

2,436.60

EBIT

188.10

1,486.50

1,785.70

-2,270.10

Interest Income

4.30

25.40

35.40

20.60

Interest Expense

250.60

234

282.70

247.90

Net Interest Income

-246.30

-208.60

-247.30

-227.30

Other Non Operating Income Expenses

26.30

22.90

-2.90

46.20

Other Income Expense

-852.60

-127.80

-65.60

-3,921.40

Interest Income Non Operating

4.30

25.40

35.40

20.60

Interest Expense Non Operating

250.60

234

282.70

247.90

Net Non Operating Interest Income Expense

-246.30

-208.60

-247.30

-227.30

Pretax Income

-62.50

1,252.50

1,503

-2,518

Tax Provision

124

296.10

345.30

-337.80

Tax Rate For Calcs

Tax Effect Of Unusual Items

-185.56

-38.40

-15.03

-534.07

Net Income Continuous Operations

-186.50

956.40

1,157.70

-2,180.20

Net Income From Continuing And Discontinued Operation

-175.30

948.90

1,122.40

-2,139.60

Net Income From Continuing Operation Net Minority Interest

-175.30

948.90

1,122.40

-2,139.60

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

Net Income Including Noncontrolling Interests

-186.50

956.40

1,157.70

-2,180.20

Normalized Income

522.74

1,073.20

1,172.77

1,307.33

Diluted NI Availto Com Stockholders

-175.30

948.90

1,122.40

-2,139.60

Basic Average Shares

216.90

216

208.80

199.10

Diluted Average Shares

216.90

217.30

209.90

199.10

Reconciled Depreciation

684.80

690.70

770.70

725.70

Reconciled Cost Of Revenue

7,045.80

7,333.30

7,093.60

6,866.20

Total Unusual Items

-883.60

-162.70

-65.40

-3,981

Total Unusual Items Excluding Goodwill

-883.60

-162.70

-65.40

-3,981

Minority Interests

11.20

-7.50

-35.30

40.60

Special Income Charges

-883.60

-162.70

-65.40

-3,981

Gain On Sale Of Business

6.80

2.20

41.40

2.90

Write Off

13.50

Impairment Of Capital Assets

881.30

160.80

3,919.60

Restructuring And Mergern Acquisition

9.10

4.10

106.80

64.30

Gain On Sale Of Security

-7.40

General And Administrative Expense

2,554.50

2,618.80

2,779.90

Other Gand A

2,554.50

2,618.80

2,779.90

Salaries And Wages

-46.40

-36.60

-10.20

Gain On Sale Of Ppe

-25.20

-3.10

-104.20

Earnings From Equity Interest

4.70

2.70

13.40

Excise Taxes

2,106.50

2,182.50

2,107.30

1,899.50

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Molson Coors Beverage Companythis co.

TAP

$7.2B

-3.37

0.70

-20.9%

-8.20

The Campbell's Company

CPB

$6.4B

10.67

1.65

15.4%

8.57

Conagra Brands, Inc.

CAG

$6.1B

5.26

0.68

12.9%

7.16

Lamb Weston Holdings, Inc.

$5.9B

16.38

3.37

20.6%

9.26

PriceSmart, Inc.

PSMT

$5.3B

Molson Coors Beverage Company

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Molson Coors Beverage Company

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on