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Side-by-side financial comparison of MERCADOLIBRE INC (MELI) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

MERCADOLIBRE INC is the larger business by last-quarter revenue ($6.1B vs $3.1B, roughly 2.0× Molson Coors Beverage Company). MERCADOLIBRE INC runs the higher net margin — 9.1% vs 7.6%, a 1.5% gap on every dollar of revenue. On growth, MERCADOLIBRE INC posted the faster year-over-year revenue change (40.2% vs -3.6%). MERCADOLIBRE INC produced more free cash flow last quarter ($4.8B vs $357.8M). Over the past eight quarters, MERCADOLIBRE INC's revenue compounded faster (40.7% CAGR vs 1.2%).

MercadoLibre, Inc., known as Mercado Livre in Brazil, literally meaning "free market" in both languages, is a company of Argentine origin and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

MELI vs TAP — Head-to-Head

Bigger by revenue
MELI
MELI
2.0× larger
MELI
$6.1B
$3.1B
TAP
Growing faster (revenue YoY)
MELI
MELI
+43.8% gap
MELI
40.2%
-3.6%
TAP
Higher net margin
MELI
MELI
1.5% more per $
MELI
9.1%
7.6%
TAP
More free cash flow
MELI
MELI
$4.4B more FCF
MELI
$4.8B
$357.8M
TAP
Faster 2-yr revenue CAGR
MELI
MELI
Annualised
MELI
40.7%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MELI
MELI
TAP
TAP
Revenue
$6.1B
$3.1B
Net Profit
$559.0M
$238.3M
Gross Margin
61.7%
31.0%
Operating Margin
14.5%
10.4%
Net Margin
9.1%
7.6%
Revenue YoY
40.2%
-3.6%
Net Profit YoY
-12.5%
-17.2%
EPS (diluted)
$11.03
$1.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MELI
MELI
TAP
TAP
Q4 25
$6.1B
$3.1B
Q3 25
$5.2B
$3.5B
Q2 25
$4.8B
$3.7B
Q1 25
$4.2B
$2.7B
Q4 24
$4.4B
$3.2B
Q3 24
$3.9B
$3.6B
Q2 24
$3.8B
$3.8B
Q1 24
$3.1B
$3.0B
Net Profit
MELI
MELI
TAP
TAP
Q4 25
$559.0M
$238.3M
Q3 25
$421.0M
$-2.9B
Q2 25
$523.0M
$428.7M
Q1 25
$494.0M
$121.0M
Q4 24
$639.0M
$287.8M
Q3 24
$397.0M
$199.8M
Q2 24
$531.0M
$427.0M
Q1 24
$344.0M
$207.8M
Gross Margin
MELI
MELI
TAP
TAP
Q4 25
61.7%
31.0%
Q3 25
61.7%
33.7%
Q2 25
64.4%
34.3%
Q1 25
66.1%
31.6%
Q4 24
62.8%
32.0%
Q3 24
62.6%
33.4%
Q2 24
62.8%
34.6%
Q1 24
65.3%
31.6%
Operating Margin
MELI
MELI
TAP
TAP
Q4 25
14.5%
10.4%
Q3 25
13.9%
-98.5%
Q2 25
17.2%
15.6%
Q1 25
18.2%
6.9%
Q4 24
18.7%
12.0%
Q3 24
14.3%
12.5%
Q2 24
19.3%
15.6%
Q1 24
17.0%
10.3%
Net Margin
MELI
MELI
TAP
TAP
Q4 25
9.1%
7.6%
Q3 25
8.1%
-84.0%
Q2 25
10.9%
11.5%
Q1 25
11.8%
4.5%
Q4 24
14.6%
8.9%
Q3 24
10.2%
5.5%
Q2 24
14.1%
11.1%
Q1 24
11.1%
6.8%
EPS (diluted)
MELI
MELI
TAP
TAP
Q4 25
$11.03
$1.32
Q3 25
$8.32
$-14.79
Q2 25
$10.31
$2.13
Q1 25
$9.74
$0.59
Q4 24
$12.60
$1.39
Q3 24
$7.83
$0.96
Q2 24
$10.48
$2.03
Q1 24
$6.78
$0.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MELI
MELI
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$6.3B
$896.5M
Total DebtLower is stronger
$4.6B
$6.3B
Stockholders' EquityBook value
$6.7B
$10.2B
Total Assets
$42.7B
$22.7B
Debt / EquityLower = less leverage
0.68×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MELI
MELI
TAP
TAP
Q4 25
$6.3B
$896.5M
Q3 25
$6.3B
$950.2M
Q2 25
$7.6B
$613.8M
Q1 25
$8.1B
$412.7M
Q4 24
$7.1B
$969.3M
Q3 24
$6.7B
$1.0B
Q2 24
$6.9B
$1.6B
Q1 24
$6.3B
$458.4M
Total Debt
MELI
MELI
TAP
TAP
Q4 25
$4.6B
$6.3B
Q3 25
$3.4B
$6.3B
Q2 25
$3.5B
$6.3B
Q1 25
$2.9B
$6.2B
Q4 24
$2.9B
$6.1B
Q3 24
$3.1B
$6.2B
Q2 24
$2.4B
$7.0B
Q1 24
$2.2B
$6.2B
Stockholders' Equity
MELI
MELI
TAP
TAP
Q4 25
$6.7B
$10.2B
Q3 25
$6.2B
$10.3B
Q2 25
$5.7B
$13.4B
Q1 25
$5.0B
$13.1B
Q4 24
$4.4B
$13.1B
Q3 24
$4.0B
$13.3B
Q2 24
$3.7B
$13.2B
Q1 24
$3.4B
$13.1B
Total Assets
MELI
MELI
TAP
TAP
Q4 25
$42.7B
$22.7B
Q3 25
$36.7B
$22.9B
Q2 25
$32.9B
$26.8B
Q1 25
$27.7B
$25.9B
Q4 24
$25.2B
$26.1B
Q3 24
$22.6B
$26.6B
Q2 24
$20.0B
$27.4B
Q1 24
$19.1B
$26.1B
Debt / Equity
MELI
MELI
TAP
TAP
Q4 25
0.68×
0.61×
Q3 25
0.55×
0.61×
Q2 25
0.61×
0.47×
Q1 25
0.57×
0.47×
Q4 24
0.66×
0.47×
Q3 24
0.78×
0.47×
Q2 24
0.67×
0.53×
Q1 24
0.66×
0.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MELI
MELI
TAP
TAP
Operating Cash FlowLast quarter
$5.2B
$540.7M
Free Cash FlowOCF − Capex
$4.8B
$357.8M
FCF MarginFCF / Revenue
77.9%
11.4%
Capex IntensityCapex / Revenue
7.0%
5.9%
Cash ConversionOCF / Net Profit
9.32×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$10.8B
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MELI
MELI
TAP
TAP
Q4 25
$5.2B
$540.7M
Q3 25
$3.0B
$616.1M
Q2 25
$2.9B
$718.3M
Q1 25
$1.0B
$-90.7M
Q4 24
$2.9B
$494.5M
Q3 24
$1.6B
$521.2M
Q2 24
$1.9B
$869.2M
Q1 24
$1.5B
$25.4M
Free Cash Flow
MELI
MELI
TAP
TAP
Q4 25
$4.8B
$357.8M
Q3 25
$2.6B
$483.0M
Q2 25
$2.6B
$555.0M
Q1 25
$759.0M
$-328.0M
Q4 24
$2.6B
$383.4M
Q3 24
$1.4B
$350.4M
Q2 24
$1.7B
$691.7M
Q1 24
$1.4B
$-189.3M
FCF Margin
MELI
MELI
TAP
TAP
Q4 25
77.9%
11.4%
Q3 25
50.0%
13.9%
Q2 25
54.8%
14.8%
Q1 25
18.1%
-12.2%
Q4 24
59.8%
11.8%
Q3 24
35.4%
9.7%
Q2 24
45.1%
18.0%
Q1 24
44.1%
-6.2%
Capex Intensity
MELI
MELI
TAP
TAP
Q4 25
7.0%
5.9%
Q3 25
6.9%
3.8%
Q2 25
6.0%
4.4%
Q1 25
6.5%
8.8%
Q4 24
7.0%
3.4%
Q3 24
5.7%
4.7%
Q2 24
4.9%
4.6%
Q1 24
4.7%
7.0%
Cash Conversion
MELI
MELI
TAP
TAP
Q4 25
9.32×
2.27×
Q3 25
7.03×
Q2 25
5.58×
1.68×
Q1 25
2.09×
-0.75×
Q4 24
4.58×
1.72×
Q3 24
4.03×
2.61×
Q2 24
3.54×
2.04×
Q1 24
4.40×
0.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MELI
MELI

Commerce$2.8B45%
Argentina Segment$1.6B26%
Products$1.2B20%
Other Countries Segment$414.0M7%

TAP
TAP

Segment breakdown not available.

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