M 
Molson Coors Beverage TAP · USD
Consumer Staples · Beverages · US listing · 🇺🇸 United States
39.85
-1.19%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$11.14bn
FY2016FY2025
Net income
−$2.14bn
FY2016FY2025
Free cash flow
$1.07bn
FY2016FY2025
Shareholders' equity
$10.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.14bn | $11.63bn | $11.70bn | $10.70bn | $10.28bn | $9.65bn | $10.58bn | $10.77bn | $11.00bn | $4.88bn |
| Gross profit | $4.19bn | $4.53bn | $4.37bn | $3.66bn | $4.05bn | $3.77bn | $4.20bn | $4.18bn | $4.77bn | $1.89bn |
| Operating income | −$2.29bn | $1.75bn | $1.44bn | $157.5m | $1.45bn | −$372.6m | $764.4m | $1.63bn | $1.68bn | $3.32bn |
| Net income | −$2.14bn | $1.12bn | $948.9m | −$175.3m | $1.01bn | −$945.7m | $241.7m | $1.12bn | $1.41bn | $1.98bn |
| Diluted earnings per share | -10.93 | 5.44 | 4.38 | -0.81 | 4.62 | -4.35 | 1.11 | 5.15 | 6.53 | 9.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $22.74bn | $26.06bn | $26.38bn | $25.87bn | $27.62bn | $27.33bn | $28.86bn | $30.11bn | $30.25bn | $29.34bn |
| Cash and short-term investments | $896.5m | $969.3m | $868.9m | $600.0m | $637.4m | $770.1m | $523.4m | $1.06bn | $418.6m | $560.9m |
| Total liabilities | $12.20bn | $12.61bn | $12.94bn | $12.95bn | $13.95bn | $14.71bn | $15.19bn | $16.37bn | $16.81bn | $17.72bn |
| Debt | $6.30bn | $6.15bn | $6.22bn | $6.56bn | $7.16bn | $8.23bn | $9.04bn | $10.49bn | $11.31bn | $12.07bn |
| Shareholders' equity | $10.23bn | $13.09bn | $13.20bn | $12.69bn | $13.42bn | $12.37bn | $13.42bn | $13.51bn | $13.23bn | $11.42bn |
| Shares outstanding | 196m | 207m | 217m | 217m | 218m | 217m | 217m | 217m | 217m | 216m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.78bn | $1.91bn | $2.08bn | $1.50bn | $1.57bn | $1.70bn | $1.90bn | $2.33bn | $1.87bn | $1.13bn |
| Capital spending | −$716.6m | −$674.1m | −$671.5m | −$661.4m | −$522.6m | −$574.8m | −$593.8m | −$651.7m | −$599.6m | −$341.8m |
| Free cash flow | $1.07bn | $1.24bn | $1.41bn | $840.6m | $1.05bn | $1.12bn | $1.30bn | $1.68bn | $1.27bn | $785.1m |
| Dividends paid | −$376.3m | −$369.2m | −$354.7m | −$329.3m | −$147.8m | −$125.3m | −$424.4m | −$354.2m | −$353.4m | −$352.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.10bn | $2.35bn | $2.66bn | $2.97bn | $3.20bn | $2.30bn | $2.74bn | $3.04bn |
| Gross profit | $1.06bn | $897.2m | $880.1m | $1.17bn | $1.28bn | $850.9m | $1.04bn | $1.20bn |
| Operating income | $331.9m | $258.3m | $320.3m | −$3.44bn | $583.6m | $186.3m | $388.1m | $451.2m |
| Net income | $231.7m | $151.3m | $238.3m | −$2.93bn | $428.7m | $121.0m | $287.8m | $199.8m |
| Diluted earnings per share | 1.23 | 0.81 | 1.22 | -14.96 | 2.19 | 0.62 | 1.39 | 0.97 |
| Cash from operations | $817.0m | $2.0m | $540.0m | $616.0m | $718.0m | −$90.0m | $494.0m | $521.0m |
| Capital spending | −$103.0m | −$231.0m | −$182.0m | −$133.0m | −$163.0m | −$237.0m | −$111.0m | −$170.0m |
| Free cash flow | $714.0m | −$229.0m | $358.0m | $483.0m | $555.0m | −$327.0m | $383.0m | $351.0m |
| Total assets | $24.36bn | $22.37bn | $22.74bn | $22.87bn | $26.83bn | $25.93bn | $26.06bn | $26.64bn |
| Cash and short-term investments | $2.13bn | $382.6m | $896.5m | $950.2m | $613.8m | $412.7m | $969.3m | $1.02bn |
| Debt | $7.71bn | $6.27bn | $6.30bn | $6.29bn | $6.32bn | $6.24bn | $6.19bn | $6.24bn |
| Shareholders' equity | $10.12bn | $10.06bn | $10.23bn | $10.33bn | $13.44bn | $13.09bn | $13.09bn | $13.35bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2001 | FY2000 | FY1996 | FY1995 | FY1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 37.6% | 39.0% | 37.3% | 34.2% | 39.4% | 39.0% | — | — | — | — | — |
| Operating margin | -20.6% | 15.1% | 12.3% | 1.5% | 14.1% | -3.9% | — | — | — | — | — |
| Net margin | -19.2% | 9.7% | 8.1% | -1.6% | 9.8% | -9.8% | — | — | — | — | — |
| Return on equity | -20.9% | 8.6% | 7.2% | -1.4% | 7.5% | -7.6% | — | — | — | — | — |
| Return on assets | -9.4% | 4.3% | 3.6% | -0.7% | 3.6% | -3.5% | — | — | — | — | — |
| Free cash flow yield | 34.7% | 34.0% | 34.5% | 27.1% | 26.1% | 28.3% | — | — | — | — | — |
| Revenue growth | -4.2% | -0.6% | 9.4% | 4.1% | 6.5% | -8.7% | — | — | — | — | — |
| Earnings growth | -290.6% | 18.3% | -641.3% | -117.4% | -206.3% | -491.3% | — | — | — | — | — |
| Current ratio | 0.55x | 0.94x | 0.70x | 0.78x | 0.77x | 0.62x | — | — | — | — | — |
| Debt to equity | 0.61x | 0.47x | 0.48x | 0.52x | 0.54x | 0.67x | — | — | — | — | — |
| Equity ratio | 45.0% | 50.2% | 50.0% | 49.1% | 48.6% | 45.2% | — | — | — | — | — |
| Interest coverage | -10.15x | 6.28x | 6.29x | 0.67x | 5.56x | -1.30x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.7% | 0.7% | 0.7% | 0.9% | 0.8% |
| Buybacks as a share of market value | 5.2% | 4.7% | 0.0% | 0.5% | -0.1% | -0.2% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.4% | 2.9% | 12.1% |
| Operating income | — | 43.8% | — |
| Net income | 130.2% | 17.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.3% | 37.1% | 37.7% | 38.7% |
| Operating margin | -2.4% | 2.3% | 3.3% | 9.5% |
| Net margin | -4.5% | -0.5% | -0.3% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.3 | 10.6 | 14.0 | -63.7 | 10.0 | -10.4 | 48.4 | 10.9 | 12.6 | 10.7 |
| Price to sales | 0.8 | 1.0 | 1.1 | 1.0 | 1.0 | 1.0 | 1.1 | 1.1 | 1.6 | 4.3 |
Market value over time
30 Nov 2016 to 2 Oct 2026, in USD
$21.17bn$6.92bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -18% | -6% | 21% | 19% | -3% | -17% | -6% | -29% | -16% | 4% |
Dividends and splits
Per share, in the currency the company pays
Paid for 27 years. Last went ex-dividend on 28 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.44 | 1.88 | 1.76 | 1.64 | 1.52 | 0.68 | 0.57 | 1.96 |
- 2-for-1 split · 4 Oct 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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