KO vs MNST: how the two businesses compare

  • Bigger business: KO, with $47.9B of yearly revenue, about 5.8× MNST's $8.3B.
  • More cash from each sale: MNST turns 25 cents of each sales dollar into operating cash flow, against 15 cents at KO.

From each company's latest annual SEC filing. Fiscal years can end on different dates.

Coca-Cola (KO) is the larger business by reported revenue: $47.9B in its fiscal year ended Dec 2025, about 5.8× MNST's $8.3B (fiscal year ended Dec 2025). The SEC places them in related industries (Beverages; Bottled & Canned Soft Drinks & Carbonated Waters), and both map to the International markets research theme.

Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.

Sector
Consumer Staples
SEC industry
Different
Separate classifications
Fiscal year ends
December 31
Same calendar
Reviewed
Feb 27, 2026

KO vs MNST: quick comparison

Company factKOMNST
CompanyThe Coca-Cola CompanyMonster Beverage Corporation
ExchangeNYSENASDAQ
HeadquartersAtlanta, Georgia—
Founded1886—
SEC industryBeveragesBottled & Canned Soft Drinks & Carbonated Waters
Fiscal year-endDecember 31December 31
Latest annual filing10-K · 2026-02-2010-K · 2026-02-27

KO vs MNST: audited financials

  • Scale: KO's $47.9B of revenue is about 5.8× MNST's $8.3B.
  • Cash conversion: operating cash flow equalled KO 15.5% of revenue, or 0.57× net income; MNST 25.3% of revenue. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
  • Periods: both fiscal years end on 2025-12-31, so these annual figures cover the same months.

KO: FY ending 2025-12-31 · MNST: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.

Where KO and MNST overlap, and where they don't

Overlap

  • Related SEC industries: both sit in SIC major group 20.
  • Shared research theme: International markets.
  • Same fiscal calendar: both fiscal years end December 31.

Differences

  • Different four-digit SIC codes: KO is 2080 (Beverages); MNST is 2086 (Bottled & Canned Soft Drinks & Carbonated Waters).
  • Scale: KO reported about 5.8× the annual revenue of MNST.

Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.

The Coca-Cola Company (KO)

Coca-Cola is the world's largest nonalcoholic beverage company, selling sparkling drinks, water, juice, and coffee through a global bottling network. Its brand strength and international reach make it a classic defensive holding.

Monster Beverage Corporation (MNST)

Monster Beverage develops and markets energy drinks sold globally under the Monster and Reign brands.

What moves each company

Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.

What moves KO

We have not yet published a company-specific driver list for KO. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-20.

What moves MNST

We have not yet published a company-specific driver list for MNST. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-27.

The investment question

You now know KO reports about 5.8× MNST's revenue. Those are the facts. The investment question is what each share price already assumes about their exposure to international markets, and which evidence in the next filings would prove that assumption wrong.

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SEC filing comparison and disclosure evidence

Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end December 31, so annual reports line up, but check segment definitions before comparing growth or margins.

The current verified House and Senate snapshot contains 30 matched transaction rows for KO and 12 matched transaction rows for MNST. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.

What this comparison cannot tell you

This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.

A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.

KO vs MNST FAQs

Are KO and MNST direct competitors?

Not necessarily. Coca-Cola files as Beverages and Monster Beverage as Bottled & Canned Soft Drinks & Carbonated Waters. The pair is compared because both map to the International markets research theme, not because the filings show head-to-head competition.

Is KO or MNST the bigger company by revenue?

Coca-Cola (KO) is the larger business by reported revenue: $47.9B in its fiscal year ended Dec 2025, about 5.8× MNST's $8.3B (fiscal year ended Dec 2025). The SEC places them in related industries (Beverages; Bottled & Canned Soft Drinks & Carbonated Waters), and both map to the International markets research theme. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.

Which is better, KO or MNST?

There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.

Does this KO vs MNST comparison include live prices?

No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers The Coca-Cola Company and Monster Beverage Corporation tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.

Where does the company information come from?

Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.

Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.

Which business differences matter to the investment thesis?

KO vs MNST compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.

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