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Celsius vs Monster Beverage: revenue, profit, margins and growth compared

Celsius brought in $2.5B of revenue in fiscal 2025, Monster Beverage $8.3B in fiscal 2025. Revenue changed by +85.5% at Celsius and +10.7% at Monster Beverage on the year before, so Celsius grew faster. Celsius kept 4.3% of its revenue as net profit, Monster Beverage 23.0%. Free cash flow was $323.4M at Celsius and $2B at Monster Beverage.

Side by side, latest fiscal year

CELHMNST
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.5B$8.3B
Revenue growth+85.5%+10.7%
Net income$108M$1.9B
Net margin4.3%23.0%
Free cash flow$323.4M$2B
Free cash flow margin12.9%23.7%
Earnings per share (diluted)$0.25n/a
Cash$398.9M$2.1B
Debt$676.9Mn/a
Price to earnings112.0n/a
Market value$7.1B$126.7B
Dividend yieldn/an/a
Rank by revenue in sector#43 of 93 · Consumer staples#27 of 93 · Consumer staples

Over the years

Revenue
CELH FY2018: $52.6MCELH FY2019: $75.1MCELH FY2020: $130.7MCELH FY2021: $314.3MCELH FY2022: $653.6MCELH FY2023: $1.3BCELH FY2024: $1.4BCELH FY2025: $2.5BMNST FY2018: $3.8BMNST FY2019: $4.2BMNST FY2020: $4.6BMNST FY2021: $5.5BMNST FY2022: $6.3BMNST FY2023: $7.1BMNST FY2024: $7.5BMNST FY2025: $8.3BFY18FY19FY20FY21FY22FY23FY24FY25
CELH $2.5BMNST $8.3B
Net income
CELH FY2018: -$11.2MCELH FY2019: $10MCELH FY2020: $8.5MCELH FY2021: $3.9MCELH FY2022: -$187.3MCELH FY2023: $226.8MCELH FY2024: $145.1MCELH FY2025: $108MMNST FY2018: $993MMNST FY2019: $1.1BMNST FY2020: $1.4BMNST FY2021: $1.4BMNST FY2022: $1.2BMNST FY2023: $1.6BMNST FY2024: $1.5BMNST FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
CELH $108MMNST $1.9B
Net margin
CELH FY2018: -21.3%CELH FY2019: 13.3%CELH FY2020: 6.5%CELH FY2021: 1.3%CELH FY2022: -28.7%CELH FY2023: 17.2%CELH FY2024: 10.7%CELH FY2025: 4.3%MNST FY2018: 26.1%MNST FY2019: 26.4%MNST FY2020: 30.7%MNST FY2021: 24.9%MNST FY2022: 18.9%MNST FY2023: 22.8%MNST FY2024: 20.1%MNST FY2025: 23.0%FY18FY19FY20FY21FY22FY23FY24FY25
CELH 4.3%MNST 23.0%
Revenue growth
CELH FY2019: +42.9%CELH FY2020: +74.0%CELH FY2021: +140.4%CELH FY2022: +108.0%CELH FY2023: +101.7%CELH FY2024: +2.9%CELH FY2025: +85.5%MNST FY2019: +10.3%MNST FY2020: +9.5%MNST FY2021: +20.5%MNST FY2022: +13.9%MNST FY2023: +13.1%MNST FY2024: +4.9%MNST FY2025: +10.7%FY19FY20FY21FY22FY23FY24FY25
CELH +85.5%MNST +10.7%
Free cash flow
CELH FY2018: -$11.8MCELH FY2019: $956KCELH FY2020: $2.8MCELH FY2021: -$99.7MCELH FY2022: $99.9MCELH FY2023: $123.8MCELH FY2024: $239.5MCELH FY2025: $323.4MMNST FY2018: $1.1BMNST FY2019: $1BMNST FY2020: $1.3BMNST FY2021: $1.1BMNST FY2022: $699MMNST FY2023: $1.5BMNST FY2024: $1.7BMNST FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
CELH $323.4MMNST $2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Celsius and Monster Beverage

Which is bigger by revenue, Celsius or Monster Beverage?

Monster Beverage is bigger by revenue: $8.3B in fiscal 2025, against $2.5B for Celsius in fiscal 2025.

Which keeps more of its revenue as profit, Celsius or Monster Beverage?

Celsius had a net margin of 4.3% in fiscal 2025; Monster Beverage had 23.0% in fiscal 2025.

Which grew revenue faster, Celsius or Monster Beverage?

In their latest fiscal years revenue changed by +85.5% at Celsius and +10.7% at Monster Beverage.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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