Molson Coors Beverage Company

TAP

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

11,627

Cost of Revenue

7,094

Gross Profit

4,533

Gross Margin

39.0%

Operating Income

1,753

Operating Margin

15.1%

Net Income

1,122

Net Margin

9.7%

EPS (Basic)

$5.38

EPS (Diluted)

$5.35

EBITDA

2,545

EBITDA Margin

21.9%

2023

12/31/2023

Revenue

11,702

Cost of Revenue

7,333

Gross Profit

4,369

Gross Margin

37.3%

Operating Income

1,438

Operating Margin

12.3%

Net Income

949

Net Margin

8.1%

EPS (Basic)

$4.39

EPS (Diluted)

$4.37

EBITDA

2,169

EBITDA Margin

18.5%

2022

12/31/2022

Revenue

10,701

Cost of Revenue

7,046

Gross Profit

3,655

Gross Margin

34.2%

Operating Income

158

Operating Margin

1.5%

Net Income

-175

Net Margin

-1.6%

EPS (Basic)

$-0.86

EPS (Diluted)

$-0.86

EBITDA

873

EBITDA Margin

8.2%

2021

12/31/2021

Revenue

10,280

Cost of Revenue

6,226

Gross Profit

4,053

Gross Margin

39.4%

Operating Income

1,454

Operating Margin

14.1%

Net Income

1,006

Net Margin

9.8%

EPS (Basic)

$4.63

EPS (Diluted)

$4.62

EBITDA

2,285

EBITDA Margin

22.2%

2020

12/31/2020

Revenue

9,654

Cost of Revenue

5,886

Gross Profit

3,768

Gross Margin

39.0%

Operating Income

-409

Operating Margin

-4.2%

Net Income

-946

Net Margin

-9.8%

EPS (Basic)

$-4.36

EPS (Diluted)

$-4.36

EBITDA

553

EBITDA Margin

5.7%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	11,627	11,702	10,701	10,280	9,654
Cost of Revenue	7,094	7,333	7,046	6,226	5,886
Gross Profit	4,533	4,369	3,655	4,053	3,768
Gross Margin	39.0%	37.3%	34.2%	39.4%	39.0%
Operating Income	1,753	1,438	158	1,454	-409
Operating Margin	15.1%	12.3%	1.5%	14.1%	-4.2%
Net Income	1,122	949	-175	1,006	-946
Net Margin	9.7%	8.1%	-1.6%	9.8%	-9.8%
EPS (Basic)	$5.38	$4.39	$-0.86	$4.63	$-4.36
EPS (Diluted)	$5.35	$4.37	$-0.86	$4.62	$-4.36
EBITDA	2,545	2,169	873	2,285	553
EBITDA Margin	21.9%	18.5%	8.2%	22.2%	5.7%