How do Brown–Forman and Monster Beverage compare by revenue?

Brown–Forman reported revenue of $1.0B in Q2 2026, while Monster Beverage reported $2.1B in Q4 2025. Monster Beverage is 2.1× larger by last-quarter revenue.

Which is growing revenue faster, Brown–Forman or Monster Beverage?

Brown–Forman's latest revenue grew -5.4% year-over-year, versus 17.6% for Monster Beverage. Monster Beverage is growing faster on a YoY basis.

Which has a higher gross margin, Brown–Forman or Monster Beverage?

Brown–Forman's gross margin is 59.4% vs Monster Beverage's 55.5%. Brown–Forman converts more of each revenue dollar into gross profit.

Which has a higher net margin, Brown–Forman or Monster Beverage?

Brown–Forman's net margin is 21.6% vs Monster Beverage's 21.1%. Brown–Forman has the higher bottom-line margin.

Which generates more free cash flow, Brown–Forman or Monster Beverage?

Brown–Forman generated $107.0M of free cash flow last quarter, versus $351.2M for Monster Beverage. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Brown–Forman vs Monster Beverage?

Over the trailing 8 quarters, Brown–Forman compounded revenue at roughly -1.6% per year, versus 5.9% for Monster Beverage. Monster Beverage has the faster medium-term growth trajectory.

Where does this BF.B vs MNST data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Brown–Forman (BF.B) and Monster Beverage (MNST), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Monster Beverage is the larger business by last-quarter revenue ($2.1B vs $1.0B, roughly 2.1× Brown–Forman). Brown–Forman runs the higher net margin — 21.6% vs 21.1%, a 0.5% gap on every dollar of revenue. On growth, Monster Beverage posted the faster year-over-year revenue change (17.6% vs -5.4%). Monster Beverage produced more free cash flow last quarter ($351.2M vs $107.0M). Over the past eight quarters, Monster Beverage's revenue compounded faster (5.9% CAGR vs -1.6%).

Brown–FormanBF.BEarnings & Financial Report

Consumer Staples · Distillers & Vintners

Brown-Forman Corporation is an American family-controlled publicly traded company, one of the largest in the spirits and wine business. Based in Louisville, Kentucky, it manufactures several very well known brands throughout the world, including Jack Daniel's, Old Forester, Woodford Reserve, GlenDronach, BenRiach, Glenglassaugh, Herradura, Korbel, and Chambord. Brown-Forman formerly owned Southern Comfort and Tuaca before selling them off in 2016.

Monster BeverageMNSTEarnings & Financial Report

Nasdaq · Consumer Staples · Soft Drinks & Non-alcoholic Beverages

Monster Beverage Corporation is an American beverage company that manufactures energy drinks including Monster Energy, Relentless, Reign and Burn. The company was originally founded as Hansen's in 1935 in Southern California, originally selling juice products. The company renamed itself as Monster Beverage in 2012.

BF.B vs MNST — Head-to-Head

Bigger by revenue

MNST

2.1× larger

$2.1B

$1.0B

Growing faster (revenue YoY)

MNST

+23.0% gap

17.6%

-5.4%

Higher net margin

BF.B

0.5% more per $

21.6%

21.1%

More free cash flow

MNST

$244.2M more FCF

$351.2M

$107.0M

Faster 2-yr revenue CAGR

MNST

Annualised

5.9%

-1.6%

Income Statement — Q2 2026 vs Q4 2025

Metric	BF.B	MNST
Revenue	$1.0B	$2.1B
Net Profit	$224.0M	$449.2M
Gross Margin	59.4%	55.5%
Operating Margin	29.4%	25.5%
Net Margin	21.6%	21.1%
Revenue YoY	-5.4%	17.6%
Net Profit YoY	-13.2%	65.9%
EPS (diluted)	$0.47	—

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue

BF.B

MNST

Q4 25	$1.0B	$2.1B
Q3 25	$924.0M	$2.2B
Q2 25	$894.0M	$2.1B
Q1 25	$1.0B	$1.9B
Q4 24	$1.1B	$1.8B
Q3 24	$951.0M	$1.9B
Q2 24	$964.0M	$1.9B
Q1 24	$1.1B	$1.9B

Net Profit

BF.B

MNST

Q4 25	$224.0M	$449.2M
Q3 25	$170.0M	$524.5M
Q2 25	$146.0M	$488.8M
Q1 25	$270.0M	$443.0M
Q4 24	$258.0M	$270.7M
Q3 24	$195.0M	$370.9M
Q2 24	$266.0M	$425.4M
Q1 24	$285.0M	$442.0M

Gross Margin

BF.B

MNST

Q4 25	59.4%	55.5%
Q3 25	59.7%	55.7%
Q2 25	57.4%	55.7%
Q1 25	59.8%	56.5%
Q4 24	59.0%	55.3%
Q3 24	59.4%	53.2%
Q2 24	59.0%	53.6%
Q1 24	59.4%	54.1%

Operating Margin

BF.B

MNST

Q4 25	29.4%	25.5%
Q3 25	28.1%	30.7%
Q2 25	22.9%	29.9%
Q1 25	27.1%	30.7%
Q4 24	31.1%	21.0%
Q3 24	29.5%	25.5%
Q2 24	38.9%	27.7%
Q1 24	34.9%	28.5%

Net Margin

BF.B

MNST

Q4 25	21.6%	21.1%
Q3 25	18.4%	23.9%
Q2 25	16.3%	23.1%
Q1 25	26.1%	23.9%
Q4 24	23.6%	14.9%
Q3 24	20.5%	19.7%
Q2 24	27.6%	22.4%
Q1 24	26.7%	23.3%

EPS (diluted)

BF.B

MNST

Q4 25	$0.47	—
Q3 25	$0.36	—
Q2 25	$0.31	—
Q1 25	$0.57	—
Q4 24	$0.55	—
Q3 24	$0.41	—
Q2 24	$0.56	—
Q1 24	$0.60	—

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	BF.B	MNST
Cash + ST InvestmentsLiquidity on hand	$319.0M	$2.8B
Total DebtLower is stronger	$2.4B	—
Stockholders' EquityBook value	$4.1B	$8.3B
Total Assets	$8.2B	$10.0B
Debt / EquityLower = less leverage	0.59×	—

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

BF.B

MNST

Q4 25	$319.0M	$2.8B
Q3 25	$471.0M	$2.6B
Q2 25	$444.0M	$2.1B
Q1 25	$599.0M	$1.9B
Q4 24	$416.0M	$1.5B
Q3 24	$416.0M	$1.6B
Q2 24	$446.0M	$1.6B
Q1 24	$589.0M	$3.6B

Total Debt

BF.B

MNST

Q4 25	$2.4B	—
Q3 25	$2.4B	—
Q2 25	$2.4B	—
Q1 25	$2.7B	$199.1M
Q4 24	$2.7B	$374.0M
Q3 24	$2.7B	$748.8M
Q2 24	$2.7B	$748.7M
Q1 24	$2.7B	—

Stockholders' Equity

BF.B

MNST

Q4 25	$4.1B	$8.3B
Q3 25	$4.0B	$7.7B
Q2 25	$4.0B	$7.2B
Q1 25	$3.8B	$6.5B
Q4 24	$3.7B	$6.0B
Q3 24	$3.5B	$5.8B
Q2 24	$3.5B	$5.9B
Q1 24	$3.2B	$8.6B

Total Assets

BF.B

MNST

Q4 25	$8.2B	$10.0B
Q3 25	$8.2B	$9.6B
Q2 25	$8.1B	$8.7B
Q1 25	$8.1B	$8.2B
Q4 24	$8.3B	$7.7B
Q3 24	$8.2B	$8.1B
Q2 24	$8.2B	$8.1B
Q1 24	$8.2B	$10.1B

Debt / Equity

BF.B

MNST

Q4 25	0.59×	—
Q3 25	0.61×	—
Q2 25	0.61×	—
Q1 25	0.70×	0.03×
Q4 24	0.73×	0.06×
Q3 24	0.77×	0.13×
Q2 24	0.76×	0.13×
Q1 24	0.83×	—

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric	BF.B	MNST
Operating Cash FlowLast quarter	$132.0M	$379.4M
Free Cash FlowOCF − Capex	$107.0M	$351.2M
FCF MarginFCF / Revenue	10.3%	16.5%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	2.4%	1.3%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	0.59×	0.84×
TTM Free Cash FlowTrailing 4 quarters	$610.0M	$2.0B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

BF.B

MNST

Q4 25	$132.0M	$379.4M
Q3 25	$160.0M	$745.1M
Q2 25	$152.0M	$466.0M
Q1 25	$317.0M	$507.6M
Q4 24	$112.0M	$461.7M
Q3 24	$17.0M	$618.4M
Q2 24	$285.0M	$436.3M
Q1 24	$265.0M	$412.1M

Free Cash Flow

BF.B

MNST

Q4 25	$107.0M	$351.2M
Q3 25	$129.0M	$701.5M
Q2 25	$102.0M	$434.6M
Q1 25	$272.0M	$478.5M
Q4 24	$81.0M	$370.4M
Q3 24	$-24.0M	$571.4M
Q2 24	$205.0M	$376.5M
Q1 24	$196.0M	$346.1M

FCF Margin

BF.B

MNST

Q4 25	10.3%	16.5%
Q3 25	14.0%	31.9%
Q2 25	11.4%	20.6%
Q1 25	26.3%	25.8%
Q4 24	7.4%	20.4%
Q3 24	-2.5%	30.4%
Q2 24	21.3%	19.8%
Q1 24	18.3%	18.2%

Capex Intensity

BF.B

MNST

Q4 25	2.4%	1.3%
Q3 25	3.4%	2.0%
Q2 25	5.6%	1.5%
Q1 25	4.3%	1.6%
Q4 24	2.8%	5.0%
Q3 24	4.3%	2.5%
Q2 24	8.3%	3.1%
Q1 24	6.5%	3.5%

Cash Conversion

BF.B

MNST

Q4 25	0.59×	0.84×
Q3 25	0.94×	1.42×
Q2 25	1.04×	0.95×
Q1 25	1.17×	1.15×
Q4 24	0.43×	1.71×
Q3 24	0.09×	1.67×
Q2 24	1.07×	1.03×
Q1 24	0.93×	0.93×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.