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 41 d ago 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

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$13.0B	-$2.1B	32.8%	-17.9%	-20.9%	-9.4%	$1.1B	$6.3B	$897M
2024	$13.7B	$1.1B	33.0%	12.8%	8.6%	4.3%	$1.2B	$6.1B	$969M
2023	$13.9B	$949M	31.5%	10.4%	7.2%	3.6%	$1.4B	$6.2B	$869M
2022	$12.8B	-$175M	28.5%	1.2%	-1.4%	-0.7%	$841M	$6.5B	$600M
2021	$12.4B	$1.0B	32.6%	11.7%	7.5%	3.6%	$1.1B	$7.1B	$637M
2020	$11.7B	-$949M	32.1%	-3.5%	-7.7%	-3.5%	$1.1B	$8.2B	$770M
2019	$13.0B	$242M	32.3%	5.9%	1.8%	0.8%	$1.3B	$9.0B	$523M
2018	—	$1.1B	—	—	8.3%	3.7%	$1.7B	$10.5B	$1.1B
2017	—	$1.6B	—	—	12.1%	5.2%	$1.3B	$11.4B	$419M
2016	—	$1.6B	—	—	14.0%	5.4%	$785M	$12.1B	$561M
2015	—	$395M	—	—	5.6%	3.2%	$441M	$2.9B	$431M
2014	—	$514M	—	—	6.5%	3.7%	$1.0B	$3.2B	$625M
2013	—	$567M	—	—	6.6%	3.6%	$874M	$3.8B	$442M
2012	—	$443M	—	—	5.6%	2.7%	$761M	$4.7B	$624M
2011	—	$676M	—	—	8.8%	5.4%	$633M	$2.0B	$1.1B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$3.6B	$232M	29.5%	9.2%	2.3%	1.0%	—	$7.7B	$2.1B
Dec '25	$3.1B	$238M	31.0%	10.4%	2.3%	1.0%	$358M	$6.3B	$897M
Sep '25	$3.5B	-$2.9B	33.7%	-98.5%	-28.4%	-12.8%	$483M	$6.3B	$950M
Jun '25	$3.7B	$429M	34.3%	15.6%	3.2%	1.6%	$555M	$6.3B	$614M
Mar '25	$2.7B	$121M	31.6%	6.9%	0.9%	0.5%	-$328M	$6.2B	$413M
Dec '24	$3.2B	$288M	32.0%	12.0%	2.2%	1.1%	$383M	$6.1B	$969M
Sep '24	$3.6B	$200M	33.4%	12.5%	1.5%	0.8%	$350M	$6.2B	$1.0B
Jun '24	$3.8B	$427M	34.6%	15.6%	3.2%	1.6%	$692M	$7.0B	$1.6B
Mar '24	$3.0B	$208M	31.6%	10.3%	1.6%	0.8%	-$189M	$6.2B	$458M
Dec '23	$3.3B	$103M	31.0%	6.0%	0.8%	0.4%	$297M	$6.2B	$869M
Sep '23	$3.9B	$431M	34.5%	15.2%	3.3%	1.6%	$551M	$6.2B	$802M
Jun '23	$3.9B	$342M	31.5%	12.6%	2.6%	1.3%	$737M	$6.6B	$961M
Mar '23	$2.8B	$73M	27.8%	5.7%	0.6%	0.3%	-$178M	$6.6B	$328M
Dec '22	$3.1B	-$591M	29.4%	-16.3%	-4.7%	-2.3%	$254M	$6.5B	$600M
Sep '22	$3.5B	$216M	28.0%	9.4%	1.6%	0.8%	$309M	$6.6B	$525M
Jun '22	$3.5B	$47M	23.4%	3.3%	0.4%	0.2%	$641M	$6.8B	$442M
Mar '22	$2.6B	$152M	35.1%	8.5%	1.1%	0.5%	-$363M	$7.3B	$359M
Dec '21	$3.2B	$80M	26.8%	5.2%	0.6%	0.3%	$147M	$7.1B	$637M
Sep '21	$3.4B	$453M	34.7%	15.5%	3.4%	1.6%	$368M	$7.2B	$616M
Jun '21	$3.6B	$389M	35.7%	16.3%	3.0%	1.4%	$830M	$8.2B	$1.3B

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.

The price-to-earnings ratio has fallen from 12.3× (Jan '24) to 7.8× (Nov '25).
The price-to-sales ratio has fallen from 0.8× (Mar '23) to 0.6× (Sep '26).
The dividend yield has risen from 3.4% (Mar '23) to 4.9% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

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 Sep '26, Molson Coors Beverage Company traded at a price-to-earnings ratio of about 7.8× (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.