MOLSON COORS BEVERAGE CO TAP
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -10.75 | 5.38 | 4.39 | -0.81 | — | — | — | — | 6.57 | 9.40 |
| EPS, diluted | -10.75 | 5.35 | 4.37 | -0.81 | — | — | — | — | 6.53 | 9.34 |
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 2082
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SAM | BOSTON BEER CO INC | $1.75B | 17.1x | -2.4% |
| CCU | UNITED BREWERIES CO INC | — | — | — |
| BUD | Anheuser-Busch InBev SA/NV | — | — | -0.7% |