Forensic Analysis · Consumer Staples / Food & Beverage · as of Jun 27, 2026
MOLSON COORS BEVERAGE CO (TAP)
A forensic read on MOLSON COORS BEVERAGE CO built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
0.3
Altman Z-score
Clean
Earnings quality
4
Forensic signals
-19.1%
ROE
$7.6B
Market cap
4.84%
Dividend yield
MOLSON COORS BEVERAGE CO earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 0.3, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-10%Return on invested capital.Return on invested capital is -10% and slipping from 1% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
$6.6BGoodwill impairments.Took $6.6B of goodwill writedowns across 4 year(s) (FY2020 ($1.5B), FY2022 ($845M), FY2025 ($3.6B)) — about 12134% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
96% of FCFShareholder returns.Returned $1.0B to shareholders (buybacks + dividends) in FY2025 — 96% of free cash flow. Right at the limit of what free cash flow covers — little room before it's funded by debt or the balance sheet.
-70%Dividend — cut.The payout was CUT ~70% in FY2020 (from FY2019). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-16.4%
Debt / Equity0.61x
Free Cash Flow$1.07B
Latest Revenue$13.04B
Return on Equity-20.9%
Revenue Growth YoY-5.1%
Go deeper — free with an account
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🔒The written investment read — what the numbers mean, in plain English
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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown