NYSE : TAP.A
Molson Coors Beverage Company — Financial statements
Consumer Staples · Beverages - Brewers · United States
Last price 44.8 USD (At close: Oct 29, 2026) · Market cap 7.33B
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Financial statements
Molson Coors Beverage Company (TAP.A) reported revenue of 11.08B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 11.08B | 11.14B | 11.63B | 11.70B | 10.70B | 10.28B |
| Cost of Revenue | 6.98B | 6.87B | 7.09B | 7.33B | 7.05B | 6.23B |
| Gross Profit | 4.10B | 4.27B | 4.53B | 4.37B | 3.66B | 4.05B |
| Selling, General & Admin | 2.55B | 2.60B | 2.72B | 2.77B | 2.32B | 2.29B |
| Amortization of Goodwill & Intangibles | 208.10M | 218.00M | ||||
| Operating Expenses | 2.55B | 2.60B | 2.72B | 2.77B | 2.53B | 2.51B |
| Operating Income | 1.55B | 1.68B | 1.81B | 1.60B | 1.13B | 1.55B |
| Interest Expense | -250.90M | -247.90M | -282.70M | -234.00M | -250.60M | -260.30M |
| Interest & Investment Income | 20.60M | 20.60M | 35.40M | 25.40M | 4.30M | 2.00M |
| Earnings From Equity Investments | 11.80M | 13.40M | 2.70M | 12.00M | 4.70M | |
| Currency Exchange Gain (Loss) | -500.00K | -700.00K | -700.00K | 1.70M | -400.00K | 800.00K |
| Other Non Operating Income (Expenses) | 1.40M | 800.00K | 2.80M | 11.00M | -9.90M | -4.00M |
| EBT Excluding Unusual Items | 1.34B | 1.46B | 1.57B | 1.42B | 877.10M | 1.28B |
| Merger & Restructuring Charges | -134.70M | -94.30M | -106.80M | -4.10M | -9.10M | -37.60M |
| Impairment of Goodwill | -3.65B | -3.65B | -845.00M | |||
| Gain (Loss) on Sale of Investments | -22.40M | 31.70M | 77.90M | -300.00K | ||
| Gain (Loss) on Sale of Assets | -10.30M | 2.90M | -36.50M | 2.20M | 6.80M | 6.60M |
| Asset Writedown | -273.90M | -273.90M | -160.80M | -36.30M | -13.50M | |
| Legal Settlements | -56.00M | |||||
| Pretax Income | -2.75B | -2.52B | 1.50B | 1.25B | -62.50M | 1.24B |
| Income Tax Expense | -395.50M | -337.80M | 345.30M | 296.10M | 124.00M | 230.50M |
| Earnings From Continuing Operations | -2.36B | -2.18B | 1.16B | 956.40M | -186.50M | 1.01B |
| Net Income to Company | -2.36B | -2.18B | 1.16B | 956.40M | -186.50M | 1.01B |
| Minority Interest in Earnings | 49.60M | 40.60M | -35.30M | -7.50M | 11.20M | -2.80M |
| Net Income | -2.31B | -2.14B | 1.12B | 948.90M | -175.30M | 1.01B |
| Net Income to Common | -2.31B | -2.14B | 1.12B | 948.90M | -175.30M | 1.01B |
| Shares Outstanding (Basic) | 192.35M | 199.10M | 208.80M | 216.00M | 216.90M | 217.10M |
| Shares Outstanding (Diluted) | 192.35M | 199.10M | 209.90M | 217.30M | 216.90M | 217.60M |
| EPS (Basic) | -11.99 | -10.75 | 5.38 | 4.39 | -0.81 | 4.63 |
| EPS (Diluted) | -11.99 | -10.75 | 5.35 | 4.37 | -0.81 | 4.62 |
| Free Cash Flow | 1.33B | 1.07B | 1.24B | 1.41B | 840.60M | 1.05B |
| Free Cash Flow Per Share | 6.89 | 5.36 | 5.89 | 6.48 | 3.88 | 4.83 |
| Dividend Per Share | 1.90 | 1.88 | 1.76 | 1.64 | 1.52 | 0.68 |
| Gross Margin | 37.01% | 38.37% | 38.99% | 37.33% | 34.16% | 39.43% |
| Operating Margin | 14.01% | 15.04% | 15.57% | 13.66% | 10.55% | 15.03% |
| Profit Margin | -20.81% | -19.20% | 9.65% | 8.11% | -1.64% | 9.78% |
| Free Cash Flow Margin | 11.96% | 9.59% | 10.63% | 12.03% | 7.85% | 10.22% |
| EBITDA | 2.26B | 2.36B | 2.48B | 2.28B | 1.81B | 2.32B |
| EBITDA Margin | 20.42% | 21.21% | 21.30% | 19.50% | 16.95% | 22.53% |
| D&A For EBITDA | 710.20M | 688.20M | 665.80M | 682.80M | 684.80M | 770.70M |
| EBIT | 1.55B | 1.68B | 1.81B | 1.60B | 1.13B | 1.55B |
| EBIT Margin | 14.01% | 15.04% | 15.57% | 13.66% | 10.55% | 15.03% |
| Effective Tax Rate | 22.97% | 23.64% | 18.60% | |||
| Revenue as Reported | 11.08B | 11.14B | 11.63B | 11.70B | 10.70B | 10.28B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.13B | 896.50M | 969.30M | 868.90M | 600.00M | 637.40M |
| Trading Asset Securities | 83.70M | |||||
| Cash & Short-Term Investments | 2.13B | 980.20M | 969.30M | 868.90M | 600.00M | 637.40M |
| Accounts Receivable | 1.00B | 703.00M | 693.10M | 757.80M | 739.80M | 678.90M |
| Other Receivables | 173.70M | 187.30M | 149.80M | 121.60M | 126.40M | 200.50M |
| Receivables | 1.18B | 890.30M | 842.90M | 879.40M | 866.20M | 879.40M |
| Inventory | 849.10M | 715.90M | 727.80M | 802.30M | 792.90M | 804.70M |
| Other Current Assets | 428.50M | 349.10M | 308.40M | 297.90M | 378.90M | 457.20M |
| Total Current Assets | 4.58B | 2.94B | 2.85B | 2.85B | 2.64B | 2.78B |
| Property, Plant & Equipment | 4.87B | 4.96B | 4.65B | 4.65B | 4.36B | 4.31B |
| Long-Term Investments | 262.20M | 255.50M | 205.20M | 264.30M | 40.00M | |
| Goodwill | 2.14B | 1.94B | 5.58B | 5.33B | 5.29B | 6.15B |
| Other Intangible Assets | 11.84B | 11.99B | 12.20B | 12.61B | 12.80B | 13.29B |
| Long-Term Deferred Tax Assets | 19.90M | 38.60M | 123.70M | 125.80M | 180.20M | |
| Long-Term Deferred Charges | 42.20M | 39.90M | 35.70M | |||
| Other Long-Term Assets | 663.20M | 586.80M | 505.30M | 517.80M | 617.00M | 909.20M |
| Total Assets | 24.36B | 22.74B | 26.06B | 26.38B | 25.87B | 27.62B |
| Accounts Payable | 3.11B | 1.98B | 2.02B | 2.13B | 2.23B | 2.10B |
| Accrued Expenses | 673.10M | 735.70M | 823.70M | 576.70M | 577.70M | |
| Short-Term Debt | 27.80M | 39.40M | 19.90M | 21.50M | 20.90M | 6.90M |
| Current Portion of Long-Term Debt | 2.00B | 2.38B | 2.40M | 885.10M | 370.90M | 571.10M |
| Current Portion of Leases | 60.30M | 63.50M | 56.60M | 52.10M | 50.00M | 50.00M |
| Other Current Liabilities | 10.80M | 170.30M | 210.50M | 181.90M | 131.80M | 318.40M |
| Total Current Liabilities | 5.21B | 5.31B | 3.05B | 4.09B | 3.38B | 3.62B |
| Long-Term Debt | 5.62B | 3.81B | 6.06B | 5.26B | 6.11B | 6.69B |
| Long-Term Leases | 204.20M | 214.10M | 218.40M | 212.40M | 155.50M | 150.40M |
| Pension & Post-Retirement Benefits | 411.20M | 427.10M | 416.70M | 465.80M | 473.30M | 654.40M |
| Long-Term Deferred Tax Liabilities | 2.36B | 2.28B | 2.73B | 2.70B | 2.65B | 2.70B |
| Other Long-Term Liabilities | 143.30M | 147.60M | 140.90M | 208.40M | 193.50M | 135.60M |
| Total Liabilities | 13.95B | 12.20B | 12.61B | 12.94B | 12.95B | 13.95B |
| Common Stock | 369.90M | 369.90M | 374.00M | 455.20M | 517.60M | 522.10M |
| Additional Paid-In Capital | 7.25B | 7.25B | 7.22B | 7.11B | 7.01B | 6.97B |
| Retained Earnings | 5.93B | 5.72B | 8.24B | 7.48B | 6.89B | 7.40B |
| Treasury Stock | -2.25B | -2.04B | -1.38B | -735.60M | -522.90M | -471.40M |
| Comprehensive Income & Other | -1.18B | -1.07B | -1.36B | -1.12B | -1.21B | -1.01B |
| Total Common Equity | 10.12B | 10.23B | 13.09B | 13.20B | 12.69B | 13.42B |
| Minority Interest | 289.20M | 312.40M | 360.30M | 239.10M | 225.50M | 247.00M |
| Shareholders' Equity | 10.41B | 10.54B | 13.45B | 13.44B | 12.92B | 13.66B |
| Total Liabilities & Equity | 24.36B | 22.74B | 26.06B | 26.38B | 25.87B | 27.62B |
| Total Debt | 7.91B | 6.51B | 6.35B | 6.43B | 6.71B | 7.47B |
| Net Cash (Debt) | -5.79B | -5.53B | -5.38B | -5.57B | -6.11B | -6.83B |
| Net Cash Per Share | -30.08 | -27.79 | -25.66 | -25.61 | -28.15 | -31.38 |
| Filing Date Shares Outstanding | 186.45M | 187.93M | 202.61M | 212.61M | 216.29M | 216.98M |
| Total Common Shares Outstanding | 186.90M | 190.80M | 203.20M | 213.30M | 216.30M | 217.00M |
| Working Capital | -628.60M | -2.38B | -196.80M | -1.24B | -737.40M | -843.50M |
| Book Value Per Share | 54.14 | 53.62 | 64.43 | 61.87 | 58.67 | 61.83 |
| Tangible Book Value | -3.86B | -3.71B | -4.69B | -4.74B | -5.40B | -6.02B |
| Tangible Book Value Per Share | -20.68 | -19.42 | -23.06 | -22.24 | -24.98 | -27.75 |
| Land | 386.00M | 362.90M | 365.10M | 355.90M | 355.90M | |
| Buildings | 1.60B | 1.45B | 1.28B | 1.21B | 1.23B | |
| Machinery | 6.04B | 5.48B | 5.16B | 4.90B | 4.86B | |
| Construction In Progress | 699.90M | 612.10M | 783.70M | 497.40M | 335.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.31B | -2.14B | 1.12B | 948.90M | -175.30M | 1.01B |
| Depreciation & Amortization | 710.20M | 688.20M | 665.80M | 682.80M | 684.80M | 770.70M |
| Other Amortization | 21.30M | 19.50M | 16.60M | 13.60M | 7.70M | 6.70M |
| Loss (Gain) From Sale of Assets | 271.00M | 262.60M | 51.80M | 181.90M | 18.60M | 9.10M |
| Asset Writedown & Restructuring Costs | 3.67B | 3.67B | 93.60M | 845.00M | 15.40M | |
| Loss (Gain) on Equity Investments | -11.80M | -13.40M | -2.70M | -12.00M | -4.70M | |
| Stock-Based Compensation | 33.10M | 35.00M | 43.10M | 44.90M | 33.60M | 32.10M |
| Other Operating Activities | -552.60M | -590.00M | 109.10M | 146.40M | 275.50M | -230.10M |
| Change in Accounts Receivable | 48.30M | 48.30M | 39.60M | -700.00K | -108.50M | -137.60M |
| Change in Inventory | 65.20M | 65.20M | 55.10M | 21.70M | -64.60M | -143.90M |
| Change in Accounts Payable | -285.40M | -285.40M | -234.40M | 50.20M | -16.10M | 285.50M |
| Change in Other Net Operating Assets | 310.10M | 25.20M | -49.70M | 1.30M | 6.00M | -40.10M |
| Operating Cash Flow | 1.98B | 1.78B | 1.91B | 2.08B | 1.50B | 1.57B |
| Capital Expenditures | -651.20M | -716.60M | -674.10M | -671.50M | -661.40M | -522.60M |
| Sale of Property, Plant & Equipment | 18.80M | 15.80M | 24.50M | 10.90M | 32.20M | 26.00M |
| Cash Acquisitions | -272.50M | -22.30M | -8.60M | -63.70M | ||
| Other Investing Activities | -16.90M | -99.00M | 10.20M | -117.40M | 4.10M | -13.30M |
| Investing Cash Flow | -921.80M | -822.10M | -648.00M | -841.70M | -625.10M | -509.90M |
| Long-Term Debt Issued | 863.70M | 7.00M | 7.00M | 1.40M | ||
| Long-Term Debt Repaid | -12.80M | -883.80M | -404.80M | -512.80M | -1.01B | |
| Total Debt Repaid | -389.70M | -12.80M | -883.80M | -404.80M | -512.80M | -1.01B |
| Net Debt Issued (Repaid) | 1.46B | -12.80M | -20.10M | -397.80M | -505.80M | -1.01B |
| Issuance of Common Stock | 4.60M | |||||
| Repurchase of Common Stock | -552.10M | -647.90M | -643.40M | -205.80M | -51.50M | |
| Common Dividends Paid | -367.30M | -376.30M | -369.20M | -354.70M | -329.30M | -147.80M |
| Other Financing Activities | -63.20M | -19.80M | -105.70M | -23.10M | -2.90M | -23.80M |
| Financing Cash Flow | 476.30M | -1.06B | -1.14B | -981.40M | -889.50M | -1.17B |
| Foreign Exchange Rate Adjustments | -17.40M | 21.70M | -23.50M | 13.00M | -24.80M | -24.10M |
| Net Cash Flow | 1.51B | -72.80M | 100.40M | 268.90M | -37.40M | -132.70M |
| Free Cash Flow | 1.33B | 1.07B | 1.24B | 1.41B | 840.60M | 1.05B |
| Free Cash Flow Margin | 11.96% | 9.59% | 10.63% | 12.03% | 7.85% | 10.22% |
| Free Cash Flow Per Share | 6.89 | 5.36 | 5.89 | 6.48 | 3.88 | 4.83 |
| Levered Free Cash Flow | 935.14M | 699.50M | 939.42M | 1.18B | 656.40M | 796.92M |
| Unlevered Free Cash Flow | 1.09B | 849.34M | 1.11B | 1.32B | 805.33M | 952.91M |
| Cash Interest Paid | 245.00M | 240.70M | 216.00M | 229.00M | 240.00M | 256.20M |
| Cash Income Tax Paid | 115.10M | 131.40M | 227.10M | 244.80M | 76.60M | 227.00M |
| Change in Working Capital | 138.20M | -146.70M | -189.40M | 72.50M | -183.20M | -36.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.49B | 9.23B | 11.81B | 13.21B | 11.22B | 10.09B |
| Enterprise Value | 13.57B | 15.06B | 17.46B | 19.04B | 17.64B | 17.24B |
| Last Close Price | 45.00 | 45.10 | 53.58 | 58.84 | 68.20 | 50.13 |
| PE Ratio | 10.52 | 13.92 | 10.03 | |||
| PS Ratio | 0.68 | 0.83 | 1.02 | 1.13 | 1.05 | 0.98 |
| PB Ratio | 0.72 | 0.88 | 0.88 | 0.98 | 0.87 | 0.74 |
| P/FCF Ratio | 5.65 | 8.64 | 9.55 | 9.38 | 13.35 | 9.60 |
| P/OCF Ratio | 3.79 | 5.17 | 6.18 | 6.35 | 7.47 | 6.41 |
| EV/Sales Ratio | 1.22 | 1.35 | 1.50 | 1.63 | 1.65 | 1.68 |
| EV/EBITDA Ratio | 5.99 | 6.37 | 7.05 | 8.34 | 9.72 | 7.44 |
| EV/EBIT Ratio | 8.74 | 8.99 | 9.64 | 11.91 | 15.62 | 11.15 |
| EV/FCF Ratio | 10.23 | 14.10 | 14.13 | 13.53 | 20.98 | 16.40 |
| Debt / Equity Ratio | 0.76 | 0.62 | 0.47 | 0.48 | 0.52 | 0.55 |
| Debt / EBITDA Ratio | 3.36 | 2.65 | 2.48 | 2.72 | 3.56 | 3.12 |
| Debt / FCF Ratio | 5.97 | 6.10 | 5.14 | 4.57 | 7.98 | 7.10 |
| Net Debt / Equity Ratio | 0.56 | 0.53 | 0.40 | 0.41 | 0.47 | 0.50 |
| Net Debt / EBITDA Ratio | 2.56 | 2.34 | 2.17 | 2.44 | 3.37 | 2.95 |
| Net Debt / FCF Ratio | 4.36 | 5.18 | 4.36 | 3.95 | 7.26 | 6.50 |
| Asset Turnover | 0.43 | 0.46 | 0.44 | 0.45 | 0.40 | 0.37 |
| Inventory Turnover | 7.97 | 9.51 | 9.27 | 9.19 | 8.82 | 8.48 |
| Quick Ratio | 0.63 | 0.35 | 0.59 | 0.43 | 0.43 | 0.42 |
| Current Ratio | 0.88 | 0.55 | 0.94 | 0.70 | 0.78 | 0.77 |
| Return on Equity (ROE) | -19.47% | -18.17% | 8.61% | 7.26% | -1.40% | 7.67% |
| Return on Assets (ROA) | 3.79% | 4.29% | 4.32% | 3.83% | 2.64% | 3.52% |
| Return on Invested Capital (ROIC) | 9.54% | 9.60% | 7.37% | 6.42% | 5.71% | 6.14% |
| Return on Capital Employed (ROCE) | 8.10% | 9.60% | 7.90% | 7.20% | 5.00% | 6.40% |
| Earnings Yield | -26.65% | -23.19% | 9.50% | 7.18% | -1.56% | 9.97% |
| FCF Yield | 17.70% | 11.58% | 10.47% | 10.66% | 7.49% | 10.42% |
| Dividend Yield | 4.27% | 3.89% | 3.03% | 2.65% | 2.93% | 1.46% |
| Payout Ratio | 32.89% | 37.38% | 14.70% | |||
| Buyback Yield / Dilution | 6.15% | 5.15% | 3.40% | -0.18% | 0.32% | -0.37% |
| Total Shareholder Return | 10.42% | 9.03% | 6.43% | 2.46% | 3.25% | 1.09% |