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Monster Beverage Corporation  (MNST)
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Monster Beverage's Effective Tax Rate by quarter

Trends, Rankings, Statistics



MNST Effective Tax Rate (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Pre-Tax Income Change 38.52 % 47.19 % 26.87 % -56.36 % -5 %
Seq. Pre-Tax Income Change 7.96 % 8.32 % 172.09 % -56.47 % 14.72 %
Pre-Tax Income In Millions $581.88 $538.96 $497.56 $182.86 $420.08
Effective Tax Rate 22.2 % 23.21 % 20.12 % 29.85 % 23.26 %
Effective Tax Rate Total Ranking # 1043 # 1158 # 761 # 1906 # 1353
Income taxes expenses / -benefit In Millions $129.19 $125.09 $100.12 $54.59 $97.69
Y / Y Income taxes expenses / -benefit Change 32.24 % 34.78 % 2.17 % -44.12 % -6.93 %
Seq. Income taxes expenses / -benefit Change 3.28 % 24.95 % 83.38 % -44.12 % 5.26 %


Commenting Third Quarter 2023 Effective Tax Rate
Company's effective tax rate in III. Quarter decreased compare to previous quarter to 22.2 %, below company's average Effective Tax Rate.

Looking into III. Quarter results within Nonalcoholic Beverages industry 8 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 1043, from total ranking in previous quarter at 1158.

MNST's Effective Tax Rate third quarter 2023 Company Ranking
Within: No.
Nonalcoholic Beverages Industry # 9
Consumer Non Cyclical Sector # 39
Overall # 1042

MNST's Effective Tax Rate Statistics
High Average Low
50.19 % 31.32 % 6.83 %
(Mar 31 2015)   (Dec 31 2016)




Other Effective Tax Rate Profitability Ratios
MNST's Cumulative Effective Tax Rate
Nonalcoholic Beverages Industry Effective Tax Rate Trends and Statistics
Consumer Non Cyclical Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
MNST's Effective Tax Rate Profitability versus Nonalcoholic Beverages Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for MNST's Competitors
Effective Tax Rate Profit Margin for Monster Beverage's Suppliers
Effective Tax Rate Profit Margin for MNST's Customers

You may also want to know
MNST's Annual Growth Rates MNST's Profitability Ratios MNST's Asset Turnover Ratio MNST's Dividend Growth
MNST's Roe MNST's Valuation Ratios MNST's Financial Strength Ratios MNST's Income taxes expenses / -benefit Growth
MNST's Roa MNST's Inventory Turnover Ratio MNST's Growth Rates MNST's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Sep 30 2023, within Nonalcoholic Beverages Industry Effective Tax RateSep 30 2023 MRQ Income taxes expenses / -benefitSep 30 2023 MRQ Pre-Tax Income
Primo Water Corp  29.24 %$ 13.800 $ 47.200 
The Duckhorn Portfolio Inc   26.58 %$ 5.629 $ 21.179 
Crimson Wine Group Ltd   26.35 %$ 0.612 $ 2.323 
Coca cola Consolidated Inc   23.88 %$ 28.891 $ 120.984 
National Beverage Corp   23.20 %$ 13.227 $ 57.015 
Monster Beverage Corporation  22.20 %$ 129.190 $ 581.884 
Keurig Dr Pepper Inc   21.99 %$ 146.000 $ 664.000 
Brown forman Corporation  21.94 %$ 68.000 $ 310.000 
The Vita Coco Company Inc   20.92 %$ 4.011 $ 19.175 
Celsius Holdings Inc   19.85 %$ 20.796 $ 104.745 
Pepsico Inc   19.61 %$ 760.000 $ 3,876.000 
Constellation Brands Inc   17.36 %$ 147.200 $ 847.900 
Coca Cola Co  12.84 %$ 454.000 $ 3,537.000 




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