Monster Beverage
37 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.
Customers
Coca-Cola Europacific Partners
earns from · approximately 15%named as a riskCoca-Cola Europacific Partners accounted for approximately 15%, 14% and 13% of our net sales for the years ended December 31, 2025, 2024 and 2023, respectively.Business (Item 1)
Coca-Cola Consolidated, Inc.
earns from · approximately 10%named as a riskCoca-Cola Consolidated, Inc. accounted for approximately 10% of our net sales for each of the years ended December 31, 2025, 2024 and 2023.Business (Item 1)
TCCC North American Bottlers
earns from · 45%named as a riskThe TCCC North American Bottlers, Coca-Cola Europacific Partners, Coca-Cola Hellenic, Coca-Cola FEMSA, Swire Coca-Cola (China), COFCO Coca-Cola, Coca-Cola Beverages Africa and Coca-Cola İçecek are our primary domestic and international distributors of our non-alcohol products.Risk factors (Item 1A)
Coca-Cola Hellenic
earns fromnamed as a riskThe TCCC North American Bottlers, Coca-Cola Europacific Partners, Coca-Cola Hellenic, Coca-Cola FEMSA, Swire Coca-Cola (China), COFCO Coca-Cola, Coca-Cola Beverages Africa and Coca-Cola İçecek are our primary domestic and international distributors of our non-alcohol products.Risk factors (Item 1A)
Coca-Cola FEMSA
earns fromnamed as a riskThe TCCC North American Bottlers, Coca-Cola Europacific Partners, Coca-Cola Hellenic, Coca-Cola FEMSA, Swire Coca-Cola (China), COFCO Coca-Cola, Coca-Cola Beverages Africa and Coca-Cola İçecek are our primary domestic and international distributors of our non-alcohol products.Risk factors (Item 1A)
Swire Coca-Cola (China)
earns fromnamed as a riskThe TCCC North American Bottlers, Coca-Cola Europacific Partners, Coca-Cola Hellenic, Coca-Cola FEMSA, Swire Coca-Cola (China), COFCO Coca-Cola, Coca-Cola Beverages Africa and Coca-Cola İçecek are our primary domestic and international distributors of our non-alcohol products.Risk factors (Item 1A)
Suppliers
Co-packers
depends onnamed as a riskIn addition, in recent years, there has been a consolidation of co-packers, leading us to increasingly rely on fewer co-packing groups, certain of which account for a large percentage of our co-packing capacity for our Monster Energy® drinks.Risk factors (Item 1A)
Also named by CELH
American Fruits and Flavors LLC (AFF)
depends onnamed as a riskAFF is our primary flavor supplier.Business (Item 1)
Third-party flavor suppliers
depends onnamed as a riskWe do not have possession of the list of such flavor ingredients or formulas used in the production of certain of our products and certain of our blended concentrates, and we may be unable to obtain comparable flavors or concentrates from alternative suppliers on short notice.Business (Item 1)
Partners and platforms
The Coca-Cola Company (TCCC)
depends on · approximately 20.9% of our common stocknamed as a riskThe Company and TCCC have extensive commercial arrangements and, as a result, the Company’s future performance is substantially dependent on the success of its relationship with TCCC.Risk factors (Item 1A)
Other companies
Monster Brewing Company
$38.4 millionnamed as a riskFor example, in 2025, we recognized impairment charges of $38.4 million related to certain finite-lived intangible assets and impairment charges of $15.3 million related to property and equipment in the Alcohol Brands segment.Risk factors (Item 1A)
Bang Energy
named as a riskOn July 31, 2023, we acquired substantially all of the assets of Bang Energy.Risk factors (Item 1A)
Competitors
Red Bull GmbH
competes withnamed as a riskDomestically, our energy drinks compete directly with Red Bull, CELSIUS, Alani Nu, C4, Ghost, 5-Hour Energy, Rockstar, Bloom, V8 + Energy, Venom, and many other brands.Business (Item 1)
Also named by CELH
Celsius Holdings, Inc.
competes withnamed as a riskFor example, PepsiCo entered into a long-term strategic distribution arrangement with Celsius Holdings, Inc., a competitor in the energy drink space, in August 2022.Risk factors (Item 1A)
Also named by PEP
Keurig Dr Pepper Inc. (KDP)
competes withnamed as a riskFor example, KDP, which distributes C4 and Bloom, entered into a long-term sales and distribution agreement with Black Rifle Coffee Company as well as a definitive agreement to acquire GHOST Lifestyle LLC and GHOST Beverages LLC.Business (Item 1)
Also named by PEP
Places
Outside the United States
earns from · approximately 41%named as a riskOur net sales to customers outside of the United States were approximately 41%, 40% and 38% of consolidated net sales for the years ended December 31, 2025, 2024 and 2023, respectively.Risk factors (Item 1A)
Also named by APD, ARW, BALL, CCK, COO, GGG, GIS, HPE and 10 more
Phoenix, Arizona
operates innamed as a riskBang Energy® beverages and certain of our other energy drink products are manufactured at our facilities in Phoenix, Arizona and Norwalk, California.Risk factors (Item 1A)
Athy, Ireland
operates innamed as a riskCurrently, the primary flavors for our Monster Energy® Drinks segment are developed and manufactured at the AFF facilities in Southern California and Athy, Ireland.Risk factors (Item 1A)
Norwalk, California
operates innamed as a riskAdverse changes or developments affecting our Norwalk, California and/or Phoenix, Arizona facilities could adversely impact our ability to produce certain of our energy drink products or cause us to halt our production of such beverages.Risk factors (Item 1A)
Brevard, North Carolina
operates innamed as a riskFurther, we are dependent on Monster Brewing Company’s portfolio of facilities located in Longmont, Colorado, Brevard, North Carolina, and Grand Rapids, Michigan to manufacture certain of our alcohol products.Risk factors (Item 1A)
Hazards
Hurricane Helene
operates innamed as a riskIn addition, due to flooding from Hurricane Helene, we were forced to close one of our breweries located in Brevard, North Carolina for one week and could not operate this brewery at full capacity for approximately one month.Risk factors (Item 1A)
California earthquakes and wildfires
concentrated innamed as a riskOur headquarters and a large part of our operations are located in California, a state at greater risk for earthquakes and wildfires.Risk factors (Item 1A)
Los Angeles wildfires
operates innamed as a riskAdditionally, in early 2025, we temporarily closed our AFF manufacturing facility in Southern California due to the air pollution caused by the Los Angeles wildfires.Risk factors (Item 1A)
Commodities and inputs
Aluminum
exposed to its pricenamed as a riskWe use derivative instruments to manage a portion of this risk in relation to aluminum for cans.Risk factors (Item 1A)
Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more
Sugar, glucose and sucralose
exposed to its pricenamed as a riskFrom time to time, we also enter into purchase agreements for portions of our annual anticipated requirements for certain of our raw materials such as glucose, sugar and sucralose.Risk factors (Item 1A)
Regulators
U.S. Food and Drug Administration (FDA)
subject tonamed as a riskThe U.S. Food and Drug Administration (the “FDA”) has also initiated a process for post-market review of food ingredients and plans to propose regulatory reforms to the GRAS process.Business (Item 1)
Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more
Laws and programs
Gulf selective tax on energy drinks
subject to · 100%named as a riskBahrain, Saudi Arabia and the United Arab Emirates began applying a selective tax of 100% on energy drinks in 2017, Qatar and Oman began applying the tax in 2019, and there are indications that a similar measure may be enacted in Kuwait.Business (Item 1)
Canada caffeine limits
subject to · 180mg per single-serving containernamed as a riskFor example, in Canada, the maximum amount of caffeine in a caffeinated energy drink cannot exceed 180mg per single-serving container or per serving (500 ml) in the case of a multi-serving container.Business (Item 1)
Texas ingredient warning law
subject to · approximately 44 ingredientsnamed as a riskTexas also enacted legislation in 2025 to require warnings for products containing any of approximately 44 ingredients enumerated in the law; a legal challenge against that law has also been filed.Business (Item 1)
California Proposition 65
subject tonamed as a riskIn California, we are subject to California Proposition 65, a law that requires that a specified warning be provided before exposing California consumers to any product that contains in excess of threshold amounts of a substance listed by California as having been found to cause cancer or reproductive toxicity.Business (Item 1)
Also named by ARE, CELH, ECL, KDP, KO, LKQ, MKC, PEP and 3 more
Supplemental Nutrition Assistance Program (SNAP)
subject tonamed as a riskAdditionally, some states have removed such products from the Supplemental Nutrition Assistance Program (“SNAP”), formerly food stamps, and other states may take similar steps.Business (Item 1)
Also named by BJ, CPB, DG, DLTR, KHC, MDLZ, MUSA, PEP and 1 more
European Union Corporate Sustainability Reporting Directive
subject tonamed as a riskFor example, the standards used to identify and collect the data required pursuant to the European Union’s Corporate Sustainability Reporting Directive are still in development, which could result in increased costs related to complying with the changing reporting obligations and could increase our risk of failing to comply with the directive.Risk factors (Item 1A)
U.S. tariffs on steel and aluminum imports
exposed to its pricenamed as a riskAfter imposing tariffs on steel and aluminum imports, in recent years, the United States has recently increased those tariffs and expanded the scope of their application.Risk factors (Item 1A)
Mexico IEPS excise tax
subject tonamed as a riskIn 2025, Mexico reformed the IEPS law to tax flavored drinks containing any amount of sugar and/or sweetener.Business (Item 1)
OECD BEPS global minimum tax
subject tonamed as a riskFor example, the Organization for Economic Cooperation and Development (“OECD”) has recommended changes to numerous long-standing international tax principles through its base erosion and profit shifting (“BEPS”) project and, as recently as early January 2026, has agreed upon an OECD BEPS global minimum tax framework.Risk factors (Item 1A)
Technology
SAP S4 HANA
depends onnamed as a riskWe are upgrading our enterprise resource planning system, including implementing SAP S4 HANA with a planned go-live date of January 1, 2028, in order to improve operational efficiency, scalability, and overall business management.Risk factors (Item 1A)