Molson Coors Beverage Company
Financial Performance
Molson Coors Revenue & Financials
Revenue
$13B (FY2025)
Market Cap
$6.7B
Employees
16,200
What is Molson Coors's revenue?
Molson Coors had $13B in revenue for fiscal year 2025, down 5.1% from 2024. It reported a net loss of $2.1B.
- Latest revenue
- $13B (FY2025)
- Year-over-year
- -5.1%
- Growth rate (CAGR)
- 7.9% over 9 years
- Peak revenue
- $13.9B (FY2023)
- Years of data
- 10
- Employees
- 16,200
- What is Molson Coors's operating income?
- Molson Coors reported an operating loss of $2.3B for fiscal year 2025. sec.gov
- How much profit does Molson Coors make?
- Molson Coors reported a net loss of $2.1B for fiscal year 2025. sec.gov
- How many employees does Molson Coors have?
- Molson Coors has about 16,200 employees.
Financial Analysis
Molson Coors' revenue roughly doubled after it took full ownership of MillerCoors in 2016 for about $12 billion. Sales then hovered near $13 billion for most of the following decade. Volume gains in 2023, when U.S. drinkers shifted away from Bud Light, lifted sales to a record $13.88B. That share proved partly temporary: 2025 sales fell 5.1% to $13.04B, financial volume dropped 8.6%, and a $3.65B non-cash goodwill impairment produced a GAAP net loss of $2.14B. In Q2 2026, net sales fell 3.3% to $3.10B while GAAP net income was $231.7M; the company kept its 2026 outlook for constant-currency net sales broadly flat, plus or minus 1%.
Revenue Trend Analysis
YoY Change
-5.1%
9-Year CAGR
+7.9%
Peak Year
2023
Trend
Volatile
Molson Coors Beverage Company has 10 full fiscal year figures on this page, compounding at +7.9% annually over 9 years. The most recent year saw a 5.1% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $13.9B. Of 9 comparable year-over-year steps, 4 showed growth and 5 showed a decline.
Annual revenue history
Click any row to see year details.
Molson Coors Beverage Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $1.8B | $22.7B | $12.2B | $10.2B | Form 10-K |
| FY2024ended Dec 31, 2024 | $1.9B | $26.1B | $12.6B | $13.1B | Form 10-K |
| FY2023ended Dec 31, 2023 | $2.1B | $26.4B | $12.9B | $13.2B | Form 10-K |
| FY2022ended Dec 31, 2022 | $1.5B | $25.9B | $13B | $12.7B | Form 10-K |
| FY2021ended Dec 31, 2021 | $1.6B | $27.6B | $14B | $13.4B | Form 10-K |
| FY2020ended Dec 31, 2020 | $1.7B | $27.3B | $14.7B | $12.4B | Form 10-K |
| FY2019ended Dec 31, 2019 | $1.9B | $28.9B | $15.2B | $13.4B | Form 10-K |
| FY2018ended Dec 31, 2018 | $2.3B | $30.1B | $16.4B | $13.5B | Form 10-K |
| FY2017ended Dec 31, 2017 | $1.9B | $30.2B | $17.1B | $13B | Form 10-K |
| FY2016ended Dec 31, 2016 | $1.1B | $29.3B | $17.7B | $11.4B | Form 10-K |
Keep researching Molson Coors
Molson Coors Revenue and Financial FAQ
What is Molson Coors Beverage Company's annual net sales and volume?
Molson Coors reported 2025 sales of $13.04 billion, down from $13.73 billion in 2024. After excise taxes, net sales were $11.14 billion, down 4.2% from $11.63 billion, as financial volume fell 8.6% to 72.8 million hectoliters.
What are Molson Coors' underlying operating margins and EBITDA?
In 2025, Molson Coors earned gross profit of $4.27 billion on $11.14 billion of net sales (about 38%) and underlying income before income taxes of $1.39 billion. Underlying diluted EPS fell 9.1% to $5.42, while a $3.65 billion goodwill impairment produced a GAAP net loss of $2.14 billion.
What is Molson Coors' dividend policy and shareholder return track record?
Molson Coors paid dividends of $1.88 per share in 2025 and raised its quarterly dividend to $0.48 in February 2026. It spent $647.9 million on share repurchases in 2025 and expanded its Class B buyback authorization to $4.0 billion, supported by 2025 operating cash flow of $1.78 billion.
What is Molson Coors' balance sheet leverage and debt reduction trajectory?
Molson Coors took on significant debt to fund the $12 billion MillerCoors buyout in 2016 and has since reduced borrowings through steady repayments. Its debt is rated investment grade; check the latest 10-K and quarterly filings for current leverage.
What is the public market capitalization of Molson Coors on the NYSE?
Molson Coors trades under the ticker symbol TAP on the New York Stock Exchange (and TPX on the Toronto Stock Exchange), with a market capitalization of about $6.71 billion as of September 29, 2026.
What credit ratings does Molson Coors maintain with rating agencies?
Molson Coors holds stable investment-grade credit ratings (Baa2 from Moody's and BBB from S&P Global), supported by resilient brand cash flows, strong distributor relationships, and conservative debt service management.
How did the 2023 light beer volume surge impact Molson Coors' financial guidance?
Net sales rose 9.4% in 2023 to $11.70 billion as Coors Light and Miller Lite gained U.S. share, and total sales reached a record $13.88 billion. Volumes have since declined, with 2025 sales falling to $13.04 billion.
What are Molson Coors' capital expenditures (CapEx) priorities?
Molson Coors directs capital spending toward brewery modernization, packaging capacity for cans and RTDs, and efficiency projects. Actual annual amounts are disclosed in its 10-K cash flow statement.
How did Molson Coors perform in Q2 2026?
In the second quarter of 2026, net sales fell 3.3% to $3.10 billion, GAAP net income attributable to the company was $231.7 million ($1.23 per diluted share), and underlying diluted EPS fell 22.9% to $1.58. The company kept its full-year outlook for net sales broadly flat in constant currency.
How did the 2023 Bud Light backlash impact Molson Coors' financials?
In spring 2023, widespread consumer boycotts against rival Anheuser-Busch's Bud Light triggered the largest retail market share realignment in US brewing history. Molson Coors was the primary beneficiary: Coors Light and Miller Lite captured billions in retail sales, gained thousands of permanent tap handles and retail shelf facings, and delivered record quarterly earnings and cash flow growth.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Molson Coors Revenue & Financials." CorpDigest, https://corpdigest.com/company/molson-coors/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Molson Coors reported $13B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/molson-coors/financials" target="_blank" rel="noopener">CorpDigest — Molson Coors financials</a></div>Related Financial Audits
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