Molson Coors Beverage Company
molsoncoors.comWhat Do They Do?
Brews and sells beer and other beverages to distributors, retailers, bars and restaurants.
10-K for FY2025, filed Feb 18, 2026For more than two centuries, we have brewed beverages that unite people to celebrate all life’s moments. From our core power brands, Coors…View ↗
We craft and distribute high-quality, innovative beer and other beverages with the purpose of uniting people to celebrate all life's…View ↗
In the U.S., beer is generally distributed through a three-tier system consisting of manufacturers, distributors and retailers. A national…View ↗
How Do They Make Money?
It sells beer and other beverages to distributors or retailers on cash or agreed credit terms, with sales tied to shipment or delivery; consigned goods count when sold to end customers. Licensing partners pay a royalty or share of profit as their products sell.
10-K for FY2025, filed Feb 18, 2026Our net sales represent the sale of beer, other beverages and other adjacencies, net of excise tax. Sales are stated net of incentives…View ↗
Our primary revenue generating activity represents the sale of beer and other beverages to customers, including both domestic and exported…View ↗
We also have licensing agreements with third-party partners who brew and distribute our products in various markets across our segments.…View ↗
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10-K for FY2025, filed Feb 18, 2026
FY2025 revenue by reportable segment ↗
$13B
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10-K for FY2025, filed Feb 18, 2026
$13B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Americas
Sold outright
10-K for FY2025, filed Feb 18, 2026 |
78%
FY2022: 81%
|
Americas, FY2025
$8.7B Sources
|
Sold outright |
|
EMEA&APAC
Sold outright
10-K for FY2025, filed Feb 18, 2026 |
22%
FY2022: 19%
|
EMEA&APAC, FY2025
$2.5B Sources
|
Sold outright |
Who Are Their Customers?
In the U.S., independent distributors and a company-owned distributor buy products and supply retail accounts; in the U.K., most beer is sold directly to retailers, while elsewhere in Europe sales pass through distributors or go directly to retailers. U.K. bars and restaurants also buy factored beverages.
10-K for FY2025, filed Feb 18, 2026In the U.S., beer is generally distributed through a three-tier system consisting of manufacturers, distributors and retailers. A national…View ↗
In the European countries in which we operate, beer is generally distributed through either a two-tier system consisting of manufacturers…View ↗
Our EMEA&APAC segment includes the sale of factored brands in the U.K. which occurs when we distribute beer, wine, spirits and other…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $2.1B in FY2025, but brought in more cash than it spent: $1.1B of free cash flow.
10-K for FY2025, filed Feb 18, 2026
−$2.3BView ↗
10-K for FY2025, filed Feb 18, 2026
−$2.1BView ↗
10-K for FY2025, filed Feb 18, 2026
$1.1BView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
$231.7MView ↗
- ▼ −46%
- vs $428.7M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Flat. Revenue was $13B in FY2025, about the same as the $12.4B of FY2021.
Beyond-beer categories
The older report described expansion beyond beer through hard seltzers, ready-to-drink and non-alcoholic offerings; the latest report names spirits, premium mixers and energy drinks among its beverage categories.
10-K for FY2022, filed Feb 21, 2023 10-K for FY2025, filed Feb 18, 2026We craft and distribute high-quality, innovative beer and other beverages with the purpose of uniting people to celebrate all life's…View ↗
Who Do They Compete With?
Competes with Anheuser-Busch InBev, Constellation Brands, Heineken, Asahi, and Carlsberg
10-K for FY2025, filed Feb 18, 2026The brewing industry is highly competitive and our portfolio of beers competes with numerous brands in all segments which are produced by…View ↗
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