MOLSON COORS BEVERAGE CO TAP

Consumer staples SIC 2082 - Malt Beverages NYSE

Unless otherwise noted in this report, any description of "we," "us" or "our" includes Molson Coors Beverage Company ("MCBC" or the "Company"), principally a holding company, and its operating and non-operating subsidiaries included within its reporting segments. Our reporting segments include the Americas and EMEA&APAC. Unless otherwise indicated, information in this report is presented in USD and comparisons are to comparable prior periods. Our primary operating currencies, other than the USD, include the CAD, the GBP and our Central European operating currencies, such as the EUR, CZK, RON and RSD.

For more than two centuries, we have brewed beverages that unite people to celebrate all life's moments. From our core power brands, Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko, to our above premium brands, including Madrí Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel's Summer Shandy, to our value brands, like Miller High Life and Keystone Light, we produce many beloved and iconic beers. While our Company's history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits and non-alcoholic beverages. We also have partner brands, such as Simply Spiked, ZOA Energy, Fever-Tree, among others, through license, distribution, partnership and joint venture agreements. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions.

Last close 40.50 2026-09-04
Market cap $7.59B estimated share count
52-week range 38.04 - 54.82

Valuation FY2025 figures against the last close

P/S0.6x
P/E
P/FCF7.1x
EV/EBITDA
Dividend yield5.0%
Diluted EPS-10.75

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $13.04B$13.73B$13.88B$12.81B$12.45B$11.72B$13.01B$10.77B$11.00B$4.88B
Cost of revenue $6.87B$7.09B$7.33B$7.05B$6.23B$5.89B$6.38B$6.58B$6.24B$3.00B
Gross profit $4.27B$4.53B$4.37B$3.66B$4.05B$3.77B$4.20B$4.18B$4.77B$1.89B
SG&A $2.64B$2.72B$2.78B$2.62B$2.55B$2.44B$2.73B$2.80B$3.05B$1.60B
Operating income -$2.34B$1.75B$1.44B$157.5M$1.45B-$408.9M$764.4M$1.63B$1.68B$3.32B
Interest expense $247.9M$282.7M$234.0M$250.6M$260.3M$274.6M$280.9M$306.2M$349.3M$271.6M
Pre-tax income -$2.52B$1.50B$1.25B-$62.5M$1.24B-$643.9M$479.9M$1.36B$1.38B$3.05B
Income tax $337.8M$345.3M$296.1M$124.0M$230.5M$301.8M$233.7M$225.2M$204.6M$1.45B
Net income -$2.14B$1.12B$948.9M-$175.3M$1.01B-$949.0M$241.7M$1.12B$1.57B$1.59B
EPS, basic -10.755.384.39-0.816.579.40
EPS, diluted -10.755.354.37-0.816.539.34
Shares, diluted (wtd. avg.) $199.1M$209.9M$217.3M$216.9M$217.6M$216.8M$216.9M$216.6M$216.5M$213.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $896.5M$969.3M$868.9M$600.0M$637.4M$770.1M$523.4M$1.06B$418.6M$560.9M
Receivables $703.0M$693.1M$757.8M$739.8M$678.9M$549.6M$705.9M$736.0M$728.3M$654.4M
Inventory $715.9M$727.8M$802.3M$792.9M$804.7M$664.3M$615.9M$591.8M$591.5M$592.7M
Total current assets $2.94B$2.85B$2.85B$2.64B$2.78B$2.42B$2.18B$2.77B$2.19B$2.17B
Property, plant and equipment $4.25B$4.55B$4.61B$4.67B$4.51B
Goodwill $1.94B$5.58B$5.33B$5.29B$6.15B$6.15B$7.63B$8.26B$8.41B$6.40B
Other intangibles $11.99B$12.20B$12.61B$12.80B$13.29B$13.56B$13.66B$13.78B$14.30B$14.03B
Total assets $22.74B$26.06B$26.38B$25.87B$27.62B$27.33B$28.86B$30.11B$30.25B$29.34B
Accounts payable $1.82B$1.88B$1.98B$2.07B$2.10B$1.73B$1.69B$1.62B$1.57B$1.30B
Short-term debt $2.39B$12.3M$890.3M$376.2M$508.0M$1.01B$921.3M$1.58B$328.4M$671.7M
Total current liabilities $5.31B$3.05B$4.09B$3.38B$3.62B$3.91B$3.70B$4.30B$3.40B$3.16B
Long-term debt $3.87B$6.11B$5.31B$6.17B$6.65B$7.21B$8.11B$8.89B$10.60B$11.39B
Total liabilities $12.20B$12.61B$12.94B$12.95B$13.95B$14.71B$15.19B$16.37B$17.06B$17.72B
Retained earnings $5.72B$8.24B$7.48B$6.89B$7.40B$6.54B$7.62B$7.69B$6.96B$6.15B
Total equity $10.23B$13.09B$13.41B$12.92B$13.66B$12.62B$13.67B$13.74B$13.19B$11.22B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.78B$1.91B$2.08B$1.50B$1.57B$1.70B$1.90B$2.33B$1.87B$1.13B
Depreciation and amortisation $505.2M$553.0M$475.5M$476.7M$568.1M$702.0M$637.8M$633.4M$590.7M$306.3M
Stock-based compensation $35.0M$43.1M$44.9M$33.6M$32.1M$24.2M$8.5M$42.6M$58.3M$29.9M
Capital expenditure $716.6M$674.1M$671.5M$661.4M$522.6M$574.8M$593.8M$651.7M$599.6M$341.8M
Investing cash flow -$822.1M-$648.0M-$841.7M-$625.1M-$509.9M-$413.6M-$433.3M-$669.1M-$538.2M-$12.29B
Financing cash flow -$1.06B-$1.14B-$981.4M-$889.5M-$1.17B-$1.07B-$2.01B-$1.01B-$1.50B$11.32B
Dividends paid $376.3M$369.2M$354.7M$329.3M$147.8M$125.3M$424.4M$354.2M$353.4M$352.9M
Buybacks $647.9M$643.4M$205.8M$51.5M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000024545-26-000006.

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