Molson Coors Beverage CompanyTAP
NYSE•Consumer Defensive•Beverages - Brewers
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.
as of March 2026
Are revenues and earnings expanding?
$13.07B in TTM revenue declined 2.3% YoY, reaching $2.72B last quarter. TTM EBITDA of $-1.55B on operating income of $258.30M shows growth is flowing through. However, net income is negative at $2.11B — growth is not yet reaching the bottom line. Revenue is contracting — assess whether this is cyclical or structural.
Is revenue turning into profit effectively?
Op. margin of 9.5% is up 2.6% YoY — cost efficiency is improving. Net margin at 5.6% and gross margin of 33.0%. Negative ROE of -21.0% indicates shareholder value is being eroded.
Is the stock cheap or expensive?
P/S of 0.6x and P/B of 0.7x. A low P/S may indicate the stock is undervalued.
Is the company financially stable?
With $22.37B in assets and $3.85B in long-term debt, the D/E of 0.4 shows a conservative capital structure — the company has a strong financial cushion to weather downturns.
Is the business self-funding?
FCF of $-229.20M on $2.50M in operating cash flow. The FCF / Net Income ratio of 0.1x indicates partial cash conversion — earnings quality needs attention. Cash reserves of $382.60M provide financial flexibility. Shares outstanding declined 6.9% YoY — buybacks are returning capital to shareholders.
Competitive analysis based on 67 quarters of fundamental data
Operating margins are under pressure, averaging -2.0%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Data-driven red flags and warnings across 67 quarters
Operating margins dropped 233.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.4 — conservative capital structure with low financial risk.
Revenue declined in 6 of the last 7 quarters — persistent contraction signals a fundamental problem.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 10.0% — net buybacks are reducing shares outstanding and boosting per-share value.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.