A forensic read on Monster Beverage Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
12.3
Distress distance
Clean
Earnings quality
2
Forensic signals
26.8%
ROE
10.7%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Monster Beverage Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 12.2, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of NOA).
What the filings flag
+24.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +24.9% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by receivables up +32% against revenue +11% and inventory up +8% against +6% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran in line with operating cash by 4% of net operating assets, against an accruals ratio of 24.9%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.Accruals ratio: the year-over-year change in net operating assets, relative to their own average.NOA (net operating assets): the money tied up in running the business, operating assets minus operating liabilities.
$86M
FY2024
Goodwill impairments.Took $86M of goodwill writedowns across 1 year (FY2024 ($86M)) — about 6% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$8.29B
Revenue Growth YoY+10.7%
Revenue CAGR (2yr)+7.8%
Net Margin23.0%
Free Cash Flow$1.97B
Return on Equity26.8%
Debt / Equity0.05x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Monster Beverage Corp's actual 10-K/10-Q/8-K filings?