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About

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 Ožujsko 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.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Beverages - Brewers Market Cap 9.06B
Enterprise Value 14.46B Income -2.14B Sales 11.14B
Book/sh 53.62 Cash/sh 5.22 Dividend Yield 4.19%
Payout 35.90% Employees 16200 IPO
P/E Forward P/E 9.07 PEG
P/S 0.81 P/B 0.86 P/C
EV/EBITDA 6.12 EV/Sales 1.30 Quick Ratio 0.35
Current Ratio 0.55 Debt/Eq 61.77 LT Debt/Eq
EPS (ttm) -10.75 EPS next Y 5.05 EPS Growth -12.50%
Revenue Growth -2.70% Earnings 2026-05-07 ROA 4.29%
ROE -18.17% ROIC Gross Margin 38.37%
Oper. Margin 13.56% Profit Margin -19.20% Shs Outstand 175.59M
Shs Float 167.85M Short Float 14.34% Short Ratio 5.32
Short Interest 52W High 63.50 52W Low 42.94
Beta 0.45 Avg Volume 3.04M Volume 2.91M
Target Price $48.00 Recom Hold Prev Close $46.01
Price $45.87 Change -0.30%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$48.00
Mean price target
2. Current target
$45.87
Latest analyst target
3. DCF / Fair value
$71.71
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$45.87
Low
$36.00
High
$61.00
Mean
$48.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-25 down B of A Securities Neutral → Underperform $42
2026-02-20 main TD Cowen Hold → Hold $43
2026-02-19 main Needham Buy → Buy $52
2026-02-19 main Piper Sandler Neutral → Neutral $45
2026-02-19 main Evercore ISI Group Outperform → Outperform $50
2026-02-19 main Wells Fargo Equal-Weight → Equal-Weight $52
2026-01-14 main UBS Neutral → Neutral $50
2025-11-21 main Piper Sandler Neutral → Neutral $50
2025-11-19 down Wells Fargo Overweight → Equal-Weight $50
2025-11-06 main Barclays Underweight → Underweight $45
2025-11-05 main UBS Neutral → Neutral $47
2025-11-05 main JP Morgan Neutral → Neutral $49
2025-11-05 main Jefferies Hold → Hold $48
2025-11-05 reit Roth Capital Buy → Buy $65
2025-11-05 main Bernstein Market Perform → Market Perform $50
2025-11-05 main Evercore ISI Group Outperform → Outperform $50
2025-11-05 main Wells Fargo Overweight → Overweight $53
2025-11-04 reit Needham Buy → Buy $54
2025-11-03 main Needham Buy → Buy $54
2025-10-13 main Barclays Underweight → Underweight $46
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 12677 Stock Award(Grant) at price 0.00 per share. JOUBERT TRACEY I Chief Financial Officer 2026-03-04 00:00:00 D
1 2113 Stock Award(Grant) at price 0.00 per share. COORS DAVID S Director 2026-03-04 00:00:00 D
2 3170 Stock Award(Grant) at price 0.00 per share. VOHS DARRIN Chief Technology Officer 2026-03-04 00:00:00 D
3 2774 Stock Award(Grant) at price 0.00 per share. STELTER ROXANNE Officer 2026-03-04 00:00:00 D
4 9508 Stock Award(Grant) at price 0.00 per share. MACIOLEK NATALIE G Officer 2026-03-04 00:00:00 D
5 7924 Stock Award(Grant) at price 0.00 per share. WHITEHEAD PHILIP MARK Officer 2026-03-04 00:00:00 D
6 36975 Stock Award(Grant) at price 0.00 per share. GOYAL RAHUL Chief Executive Officer 2026-03-04 00:00:00 D
7 1585 Stock Award(Grant) at price 0.00 per share. COORS PETER JOSEPH Director 2026-03-04 00:00:00 D
8 17583 Stock Award(Grant) at price 0.00 per share. JOUBERT TRACEY I Chief Financial Officer 2026-02-27 00:00:00 D
9 1174 Stock Award(Grant) at price 0.00 per share. COORS DAVID S Director 2026-02-27 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-534.07M-15.03M-38.40M-185.56M
TaxRateForCalcs0.130.230.240.21
NormalizedEBITDA2.44B2.62B2.34B1.76B
TotalUnusualItems-3.98B-65.40M-162.70M-883.60M
TotalUnusualItemsExcludingGoodwill-3.98B-65.40M-162.70M-883.60M
NetIncomeFromContinuingOperationNetMinorityInterest-2.14B1.12B948.90M-175.30M
ReconciledDepreciation725.70M770.70M690.70M684.80M
ReconciledCostOfRevenue6.87B7.09B7.33B7.05B
EBITDA-1.54B2.56B2.18B872.90M
EBIT-2.27B1.79B1.49B188.10M
NetInterestIncome-227.30M-247.30M-208.60M-246.30M
InterestExpense247.90M282.70M234.00M250.60M
InterestIncome20.60M35.40M25.40M4.30M
NormalizedIncome1.31B1.17B1.07B522.74M
NetIncomeFromContinuingAndDiscontinuedOperation-2.14B1.12B948.90M-175.30M
TotalExpenses9.51B9.81B10.11B9.66B
TotalOperatingIncomeAsReported-2.34B1.75B1.44B157.50M
DilutedAverageShares199.10M209.90M217.30M216.90M
BasicAverageShares199.10M208.80M216.00M216.90M
DilutedEPS-10.755.354.37-0.81
BasicEPS-10.755.384.39-0.81
DilutedNIAvailtoComStockholders-2.14B1.12B948.90M-175.30M
NetIncomeCommonStockholders-2.14B1.12B948.90M-175.30M
NetIncome-2.14B1.12B948.90M-175.30M
MinorityInterests40.60M-35.30M-7.50M11.20M
NetIncomeIncludingNoncontrollingInterests-2.18B1.16B956.40M-186.50M
NetIncomeContinuousOperations-2.18B1.16B956.40M-186.50M
TaxProvision-337.80M345.30M296.10M124.00M
PretaxIncome-2.52B1.50B1.25B-62.50M
OtherIncomeExpense-3.92B-65.60M-127.80M-852.60M
OtherNonOperatingIncomeExpenses46.20M-2.90M22.90M26.30M
SpecialIncomeCharges-3.98B-65.40M-162.70M-883.60M
GainOnSaleOfPPE-104.20M0.00-3.10M-25.20M
GainOnSaleOfBusiness2.90M41.40M2.20M6.80M
WriteOff13.50M
ImpairmentOfCapitalAssets3.92B0.00160.80M881.30M
RestructuringAndMergernAcquisition64.30M106.80M4.10M9.10M
EarningsFromEquityInterest13.40M2.70M12.00M4.70M
GainOnSaleOfSecurity-7.40M
NetNonOperatingInterestIncomeExpense-227.30M-247.30M-208.60M-246.30M
InterestExpenseNonOperating247.90M282.70M234.00M250.60M
InterestIncomeNonOperating20.60M35.40M25.40M4.30M
OperatingIncome1.63B1.82B1.59B1.04B
OperatingExpense2.64B2.72B2.78B2.62B
SellingGeneralAndAdministration2.64B2.72B2.78B2.62B
GeneralAndAdministrativeExpense2.78B2.62B2.55B
OtherGandA2.78B2.62B2.55B
SalariesAndWages-10.20M-36.60M-46.40M
GrossProfit4.27B4.53B4.37B3.66B
CostOfRevenue6.87B7.09B7.33B7.05B
TotalRevenue11.14B11.63B11.70B10.70B
ExciseTaxes1.90B2.11B2.18B2.11B
OperatingRevenue13.04B13.73B13.88B12.81B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber37.70M24.80M13.90M10.50M
OrdinarySharesNumber190.74M203.15M213.30M216.30M
ShareIssued228.44M227.95M227.20M226.80M
NetDebt5.40B5.18B5.36B5.96B
TotalDebt6.35B6.19B6.27B6.61B
TangibleBookValue-3.71B-4.69B-4.74B-5.40B
InvestedCapital16.53B19.24B19.42B19.25B
WorkingCapital-2.38B-196.80M-1.24B-737.40M
NetTangibleAssets-3.71B-4.69B-4.74B-5.40B
CapitalLeaseObligations52.80M46.70M46.90M44.70M
CommonStockEquity10.23B13.09B13.20B12.69B
TotalCapitalization14.10B19.21B18.51B18.85B
TotalEquityGrossMinorityInterest10.54B13.45B13.44B12.92B
MinorityInterest312.40M360.30M239.10M225.50M
StockholdersEquity10.23B13.09B13.20B12.69B
OtherEquityInterest-16.60M-16.20M-27.40M-41.20M
GainsLossesNotAffectingRetainedEarnings-1.07B-1.36B-1.12B-1.21B
OtherEquityAdjustments52.80M67.00M14.40M4.80M
ForeignCurrencyTranslationAdjustments-797.60M-1.09B-778.00M-875.20M
MinimumPensionLiabilities-326.80M-342.40M-352.70M-335.10M
TreasuryStock2.04B1.38B735.60M522.90M
RetainedEarnings5.72B8.24B7.48B6.89B
AdditionalPaidInCapital7.25B7.22B7.11B7.01B
CapitalStock369.90M374.00M455.20M517.60M
CommonStock369.90M374.00M455.20M517.60M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest12.20B12.61B12.94B12.95B
TotalNonCurrentLiabilitiesNetMinorityInterest6.88B9.57B8.85B9.58B
OtherNonCurrentLiabilities307.70M302.40M372.30M292.80M
EmployeeBenefits427.10M416.70M465.80M473.30M
NonCurrentPensionAndOtherPostretirementBenefitPlans427.10M416.70M465.80M473.30M
NonCurrentDeferredLiabilities2.28B2.73B2.70B2.65B
NonCurrentDeferredTaxesLiabilities2.28B2.73B2.70B2.65B
LongTermDebtAndCapitalLeaseObligation3.87B6.11B5.31B6.17B
LongTermDebt3.87B6.11B5.31B6.17B
CurrentLiabilities5.31B3.05B4.09B3.38B
OtherCurrentLiabilities328.00M355.60M329.40M288.70M
CurrentDebtAndCapitalLeaseObligation2.49B78.90M958.70M441.80M
CurrentCapitalLeaseObligation52.80M46.70M46.90M44.70M
CurrentDebt2.43B32.20M911.80M397.10M
OtherCurrentBorrowings2.40B19.20M895.30M381.20M
LineOfCredit32.30M13.00M16.50M15.90M
PensionandOtherPostRetirementBenefitPlansCurrent176.10M241.30M316.80M249.20M
PayablesAndAccruedExpenses2.32B2.37B2.49B2.40B
CurrentAccruedExpenses261.60M251.90M251.80M87.60M
InterestPayable97.60M94.80M82.80M87.60M
Payables2.06B2.12B2.24B2.31B
TotalTaxPayable235.40M242.50M255.10M239.90M
AccountsPayable1.82B1.88B1.98B2.07B
TotalAssets22.74B26.06B26.38B25.87B
TotalNonCurrentAssets19.80B23.22B23.53B23.23B
OtherNonCurrentAssets1.10B978.00M1.14B915.50M
GoodwillAndOtherIntangibleAssets13.94B17.78B17.94B18.09B
OtherIntangibleAssets11.99B12.20B12.61B12.80B
Goodwill1.94B5.58B5.33B5.29B
NetPPE4.77B4.46B4.44B4.22B
AccumulatedDepreciation-4.98B-4.39B-4.10B-3.66B
GrossPPE9.75B8.85B8.55B7.88B
ConstructionInProgress699.90M612.10M783.70M497.40M
OtherProperties451.10M409.50M414.10M395.30M
MachineryFurnitureEquipment6.61B6.02B5.70B5.43B
BuildingsAndImprovements1.60B1.45B1.28B1.21B
LandAndImprovements386.00M362.90M365.10M355.90M
Properties0.000.000.000.00
CurrentAssets2.94B2.85B2.85B2.64B
OtherCurrentAssets432.80M308.40M297.90M378.90M
Inventory715.90M727.80M802.30M792.90M
OtherInventories131.50M137.00M184.10M161.50M
FinishedGoods267.00M245.80M245.70M269.10M
WorkInProcess82.80M83.80M97.40M71.90M
RawMaterials234.60M261.20M275.10M290.40M
Receivables890.30M842.90M879.40M866.20M
ReceivablesAdjustmentsAllowances-2.50M
OtherReceivables187.30M149.80M121.60M126.40M
DuefromRelatedPartiesCurrent16.20M
AccountsReceivable703.00M693.10M757.80M739.80M
AllowanceForDoubtfulAccountsReceivable-10.00M-8.90M-12.70M-13.20M
GrossAccountsReceivable713.00M702.00M770.50M753.00M
CashCashEquivalentsAndShortTermInvestments896.50M969.30M868.90M600.00M
CashAndCashEquivalents896.50M969.30M868.90M600.00M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.07B1.24B1.41B840.60M
RepurchaseOfCapitalStock-647.90M-643.40M-205.80M-51.50M
RepaymentOfDebt-12.80M-883.80M-404.80M-509.10M
IssuanceOfDebt0.00863.70M7.00M7.00M
CapitalExpenditure-716.60M-674.10M-671.50M-661.40M
EndCashPosition896.50M969.30M868.90M600.00M
BeginningCashPosition969.30M868.90M600.00M637.40M
EffectOfExchangeRateChanges21.70M-23.50M13.00M-24.80M
ChangesInCash-94.50M123.90M255.90M-12.60M
FinancingCashFlow-1.06B-1.14B-981.40M-889.50M
CashFlowFromContinuingFinancingActivities-1.06B-1.14B-981.40M-889.50M
NetOtherFinancingCharges-19.80M-105.70M-23.10M-2.90M
ProceedsFromStockOptionExercised7.90M3.10M4.60M
CashDividendsPaid-376.30M-369.20M-354.70M-329.30M
CommonStockDividendPaid-376.30M-369.20M-354.70M-329.30M
NetCommonStockIssuance-647.90M-643.40M-205.80M-51.50M
CommonStockPayments-647.90M-643.40M-205.80M-51.50M
NetIssuancePaymentsOfDebt-12.80M-20.10M-397.80M-505.80M
NetShortTermDebtIssuance0.000.00-3.70M1.40M
NetLongTermDebtIssuance-12.80M-20.10M-397.80M-502.10M
LongTermDebtPayments-12.80M-883.80M-404.80M-509.10M
LongTermDebtIssuance0.00863.70M7.00M7.00M
InvestingCashFlow-822.10M-648.00M-841.70M-625.10M
CashFlowFromContinuingInvestingActivities-822.10M-648.00M-841.70M-625.10M
NetOtherInvestingChanges-99.00M10.20M-117.40M4.10M
NetBusinessPurchaseAndSale-22.30M-8.60M-63.70M0.00
PurchaseOfBusiness-22.30M-8.60M-63.70M0.00
NetPPEPurchaseAndSale-700.80M-649.60M-660.60M-629.20M
SaleOfPPE15.80M24.50M10.90M32.20M
PurchaseOfPPE-716.60M-674.10M-671.50M-661.40M
OperatingCashFlow1.78B1.91B2.08B1.50B
CashFlowFromContinuingOperatingActivities1.78B1.91B2.08B1.50B
TaxesRefundPaid-131.40M-227.10M-244.80M-76.60M
InterestPaidCFO-240.70M-216.00M-229.00M-240.00M
ChangeInWorkingCapital-146.70M-189.40M72.50M-183.20M
ChangeInOtherWorkingCapital25.20M-49.70M1.30M6.00M
ChangeInPayablesAndAccruedExpense-285.40M-234.40M50.20M-16.10M
ChangeInPayable-285.40M-234.40M50.20M-16.10M
ChangeInInventory65.20M55.10M21.70M-64.60M
ChangeInReceivables48.30M39.60M-700.00K-108.50M
OtherNonCashItems247.30M205.60M234.00M250.60M
StockBasedCompensation35.00M43.10M44.90M33.60M
AssetImpairmentCharge3.65B0.000.00845.00M
DeferredTax-337.80M345.30M296.10M124.00M
DeferredIncomeTax-337.80M345.30M296.10M124.00M
DepreciationAmortizationDepletion725.70M770.70M690.70M684.80M
DepreciationAndAmortization725.70M770.70M690.70M684.80M
AmortizationCashFlow220.50M217.70M215.20M208.10M
AmortizationOfIntangibles220.50M217.70M215.20M208.10M
Depreciation505.20M553.00M475.50M476.70M
OperatingGainsLosses167.50M20.40M258.20M250.30M
EarningsLossesFromEquityInvestments-13.40M-2.70M-12.00M-4.70M
NetForeignCurrencyExchangeGainLoss-81.70M-28.70M88.30M236.40M
GainLossOnSaleOfPPE262.60M51.80M181.90M18.60M
NetIncomeFromContinuingOperations-2.18B1.16B956.40M-186.50M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for TAP
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status