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TAP Financials Molson Coors Beverage Company

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 2.2% per year over the past 5 years.
  • Operating margin has contracted, at -17.9% in the latest year.
  • Free cash flow has declined 1.0% per year over the past 5 years.

Financial health

  • Total debt ($6.3B) exceeds cash ($897M); net debt is $5.4B.
  • Total debt has grown slower than revenue (-5.3% vs 2.2% per year).
  • Operating income covered interest expense -9.4× in the latest year.

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 35.2% of free cash flow.
  • The dividend has grown 24.6% per year over the past 5 years.
Revenue & net income
-$2B $6B $14B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-18% 8% 33% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $840M $2B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $6B $12B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$12B -$484M $11B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $13.0B -$2.1B 32.8% -17.9% $1.1B $6.3B $897M
2024 $13.7B $1.1B 33.0% 12.8% $1.2B $6.1B $969M
2023 $13.9B $949M 31.5% 10.4% $1.4B $6.2B $869M
2022 $12.8B -$175M 28.5% 1.2% $841M $6.5B $600M
2021 $12.4B $1.0B 32.6% 11.7% $1.1B $7.1B $637M
2020 $11.7B -$949M 32.1% -3.5% $1.1B $8.2B $770M
2019 $13.0B $242M 32.3% 5.9% $1.3B $9.0B $523M
2018 — $1.1B — — $1.7B $10.5B $1.1B
2017 — $1.6B — — $1.3B $11.4B $419M
2016 — $1.6B — — $785M $12.1B $561M
2015 — $395M — — $441M $2.9B $431M
2014 — $514M — — $1.0B $3.2B $625M
2013 — $567M — — $874M $3.8B $442M
2012 — $443M — — $761M $4.7B $624M
2011 — $676M — — $633M $2.0B $1.1B

Valuation over time

How the market has priced TAP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 7.1 14.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.5 1.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.4 4.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is TAP growing its revenue and profit?

Over the past 5 years, Molson Coors Beverage Company's revenue has grown 2.2% per year. These are computed facts, not advice.

How much debt does TAP have?

As of FY2025, Molson Coors Beverage Company reported $6.3B of total debt against $897M of cash; operating income covered interest expense -9.4×.

What is TAP's profit margin?

In FY2025, gross margin was 32.8%, operating margin -17.9%, and net margin -16.4%.

What is TAP's P/E ratio?

As of Jun '26, Molson Coors Beverage Company traded at a price-to-earnings ratio of about 8.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.