SEC filings · customer concentration · MNST

Monster Beverage's major customers

Coca-Cola accounted for 3% of Monster Beverage's revenue in FY 2025, about the same as 3% a year earlier.

1major customers now
3%of revenue from them
0listed suppliers depending on it
2011–2026years covered
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Major customers of Monster Beverage

Customers that Monster Beverage named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Coca-ColaKO3%from 3%FY 2015: 43%FY 2016: 41%FY 2017: 18%FY 2018: 3%FY 2019: 2%FY 2020: 2%FY 2021: 2%FY 2022: 2%FY 2023: 2%FY 2024: 3%FY 2025: 3%11 yearsFY 2025 · filed 27 Feb 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Coca Cola Refreshments41%last FY 2016FY 2011: 29%FY 2012: 28%FY 2013: 29%FY 2014: 29%FY 2015: 43%FY 2016: 41%6 yearsFY 2016 · filed 1 Mar 2017
Ccbcc Operations13%last FY 2018FY 2015: 6%FY 2016: 9%FY 2017: 13%FY 2018: 13%4 yearsFY 2018 · filed 28 Feb 2019
Coca Cola ConsolidatedCOKE10%last FY 2024FY 2017: 13%FY 2018: 13%FY 2019: 13%FY 2020: 12%FY 2021: 12%FY 2022: 11%FY 2023: 10%FY 2024: 10%8 yearsFY 2024 · filed 28 Feb 2025
Reyes Coca Cola Bottling10%last FY 2024FY 2016: 2%FY 2017: 6%FY 2018: 12%FY 2019: 11%FY 2020: 11%FY 2021: 10%FY 2022: 9%FY 2023: 10%FY 2024: 10%9 yearsFY 2024 · filed 28 Feb 2025
Reyes Holdings9%last FY 2022FY 2022: 9%1 yearFY 2022 · filed 28 Feb 2025

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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