Molson Coors Beverage Co (TAP)
Molson Coors Beverage Company manufactures, markets, distributes, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers flavored malt beverages including hard seltzers, craft, spirits, and ready to drink beverages. The company also provides non-alcoholic beverages including premium mixers and energy drinks. It offers its products under Arnold Palmer Spiked, Aspall Cider, Blue Moon, Beck's, Blue Run Spirits, Cobra, Corona Extra, Coors Original, Fever-Tree, Heineken, Hidra, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Peroni Nastro Azurro, Pilsner Urquell, Redd's, Rekorderlig, Sharp's, Simply Spiked, Staropramen, Stella Artois, Topo Chico Hard Seltzer, ZOA Energy, and Vizzy Hard Seltzer above premium brands; Bergenbier, Borsodi, Burgasko, Carling, Coors Banquet, Coors Light, Jelen, Miller Lite, Molson Canadian brands, Niksicko, and Oujsko under the premium brands; and Branik, Icehouse, Keystone, Lowenbrau, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.
- Symbol
- TAP
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Beverages - Brewers
- Market cap
- $7.34B
- 52 week range
- 35.52 - 54.82
Valuation
- Share price
- $36.86 (close of 2026-10-02)
- P/E (TTM)
- -3.43x
- Price to book
- 0.70x
- Price to free cash flow
- 6.87x
- Enterprise value
- $12.79B
- Book value per share
- $52.37
Price performance
| Period | Change |
|---|---|
| 1 day | -0.67% |
| 5 days | +2.53% |
| 1 month | -9.08% |
| 3 months | -7.34% |
| 6 months | -16.30% |
| Year to date | -21.04% |
| 1 year | -20.18% |
| 3 years | -41.13% |
| 5 years | -21.79% |
| 10 years | -66.43% |
| All time | +141.70% |
Members of Congress who disclosed TAP trades
Gilbert Ray Cisneros · Julie Johnson · Alan Armstrong
Super investors holding TAP
Dodge & Cox (Dodge & Cox Funds) · Prem Watsa (Fairfax Financial Holdings) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Tweedy Browne (Tweedy Browne Company LLC)
Profitability and growth
- Return on equity
- -20.52%
- Return on invested capital
- -12.59%
- Return on assets
- -9.41%
- Return on capital employed
- -13.41%
- Gross margin
- 32.78%
- Net margin
- -16.41%
- EBITDA margin
- -12.47%
- Revenue growth
- -5.05%
- Net income growth
- -290.63%
- Free cash flow growth
- -13.62%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 14.55%
- Current ratio
- 0.55x
- Net debt to EBITDA
- -3.53x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $13.04B
- Cost of revenue
- $6.87B
- Gross profit
- $4.27B
- EBITDA
- -$1.63B
- Net income
- -$2.14B
- Earnings per share
- $-10.75
- Shares outstanding
- 199.10M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $13.04B | $4.27B | -$2.14B | $-10.75 |
| 2024-12-31 | $13.73B | $4.53B | $1.12B | $5.38 |
| 2023-12-31 | $13.88B | $4.37B | $948.90M | $4.39 |
| 2022-12-31 | $12.81B | $3.66B | -$175.30M | $-0.81 |
| 2021-12-31 | $12.45B | $4.05B | $1.01B | $4.63 |
| 2020-12-31 | $11.72B | $3.77B | -$949.00M | $-4.38 |
| 2019-12-31 | $13.01B | $4.20B | $241.70M | $1.12 |
| 2018-12-31 | $13.34B | $4.18B | $1.12B | $5.17 |
| 2017-12-31 | $13.47B | $4.77B | $1.57B | $6.57 |
| 2016-12-31 | $6.60B | $1.89B | $1.59B | $9.40 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 32.78% | -16.41% | -20.52% | -12.59% |
| 2024-12-31 | 33.01% | 8.17% | 8.45% | 7.61% |
| 2023-12-31 | 31.47% | 6.83% | 7.08% | 6.07% |
| 2022-12-31 | 28.54% | -1.37% | -1.36% | 0.42% |
| 2021-12-31 | 32.56% | 8.08% | 7.36% | 6.00% |
| 2020-12-31 | 32.14% | -8.09% | -7.52% | -2.01% |
| 2019-12-31 | 32.29% | 1.86% | 1.77% | 2.36% |
| 2018-12-31 | 31.38% | 8.37% | 8.13% | 6.07% |
| 2017-12-31 | 35.38% | 11.62% | 11.87% | 6.97% |
| 2016-12-31 | 28.59% | 24.16% | 14.20% | 8.22% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $896.50M | $3.87B |
| 2024-12-31 | $969.30M | $6.11B |
| 2023-12-31 | $868.90M | $5.31B |
| 2022-12-31 | $600.00M | $6.17B |
| 2021-12-31 | $637.40M | $6.65B |
| 2020-12-31 | $770.10M | $7.21B |
| 2019-12-31 | $523.40M | $8.11B |
| 2018-12-31 | $1.06B | $8.89B |
| 2017-12-31 | $418.60M | $10.60B |
| 2016-12-31 | $560.90M | $11.39B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $1.07B | $35.00M |
| 2024-12-31 | $1.24B | $43.10M |
| 2023-12-31 | $1.41B | $44.90M |
| 2022-12-31 | $840.60M | $33.60M |
| 2021-12-31 | $1.05B | $32.10M |
| 2020-12-31 | $1.12B | $24.20M |
| 2019-12-31 | $1.30B | $8.50M |
| 2018-12-31 | $1.68B | $42.60M |
| 2017-12-31 | $1.27B | $58.30M |
| 2016-12-31 | $785.10M | $29.90M |
Dividend history
- Most recent payment
- 2026-08-28
- Paid in the last twelve months
- $1.91
| Payment date | Dividend per share |
|---|---|
| 2026-08-28 | $0.48 |
| 2026-05-29 | $0.48 |
| 2026-03-06 | $0.48 |
| 2025-12-05 | $0.47 |
| 2025-09-05 | $0.47 |
| 2025-06-06 | $0.47 |
| 2025-02-27 | $0.47 |
| 2024-12-06 | $0.44 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $1.50
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-06 | Jun/2026 | $1.51 |
| 2026-04-30 | Mar/2026 | $0.36 |
| 2026-02-18 | Dec/2025 | $1.17 |
| 2025-11-04 | Sep/2025 | $1.72 |
| 2025-08-05 | Jun/2025 | $1.83 |
| 2025-05-08 | Mar/2025 | $0.80 |
| 2025-02-13 | Dec/2024 | $1.13 |
| 2024-11-07 | Sep/2024 | $1.65 |
Filings and sources
- Company website
- molsoncoors.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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