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Molson Coors Brewing Company

Logo: Molson Coors Beverage Company, Public domain, via Wikimedia Commons5

Multinational beverage and brewing company

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company. The company is the fifth-largest brewer worldwide by beer output.3 From Wikipedia, CC BY-SA 4.0

$38.84 up 0.21 (0.56%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

$13.0BRevenue, fiscal 20256
-$2.1BNet income, fiscal 20256
2005Founded1

Compare with Anheuser-Busch InBev, Boston Beer Company or FEMSA, or pick any stock.

  • TickerTAP on NYSE1
  • Industrybrewing industry1
  • HeadquartersMontreal1
  • Founded inMolson1
  • Websitewww.molsoncoors.com
  • Legal formDelaware corporation1
  • Listed onNew York Stock Exchange (TAP), Toronto Stock Exchange1
  • Incorporated inDE7
  • Business addressP.O. Box 4030, Bc555, Golden, Co 804017
  • Filer categoryLarge accelerated filer7
Molson HQ
Photo: Eternalsleeper ., CC BY 3.0, via Wikimedia Commons9

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company. The company is the fifth-largest brewer worldwide by beer output. Its operational headquarters are in Chicago for its Americas segment and Prague for its EMEA segment and its principal executive offices are in Golden, Colorado and Montréal, Québec.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

32.8%Gross margin6
-17.9%Operating margin6
-16.4%Net margin6
-5.1%Revenue growth, 20256
-20.9%Return on equity6
0.38×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Americas brought in 78% of the revenue Molson Coors Brewing Company broke down this way in fiscal 2025.

  1. Americas$8.7B678%down 6% from 2024
  2. Europe, Middle East, Africa, and Asia Pacific$2.5B622%up 2% from 2024
Business segments by year
Business segments202320242025
Americas$9.4B$9.2B$8.7B
Europe, Middle East, Africa, and Asia Pacific$2.3B$2.4B$2.5B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue53¢$6.9B
  • Selling, general and admin20¢$2.6B
  • Other costs24¢$3.2B
  • Income tax3¢$337.8M

Out of $13.0B in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid21¢$376.3M
  • Share buybacks36¢$647.9M
  • Kept or used elsewhere43¢$760.2M

Out of $1.8B of cash from operations.6

Financial statements

Revenue10111213146$13.0B in 2025−2% since 2018
0$5.0B$10.0B$15.0B2018: $13.3B$13.3B20182019: $13.0B$13.0B2019−2%2020: $11.7B$11.7B2020−10%2021: $12.4B$12.4B2021+6%2022: $12.8B$12.8B2022+3%2023: $13.9B$13.9B2023+8%2024: $13.7B$13.7B2024−1%2025: $13.0B$13.0B2025−5%
Gross profit10111213146$4.3B in 2025+2% since 2018
0$2.0B$4.0B$6.0B2018: $4.2B$4.2B20182019: $4.2B$4.2B2019+0%2020: $3.8B$3.8B2020−10%2021: $4.1B$4.1B2021+8%2022: $3.7B$3.7B2022−10%2023: $4.4B$4.4B2023+20%2024: $4.5B$4.5B2024+4%2025: $4.3B$4.3B2025−6%
Operating income10111213146-$2.3B in 2025
-$4.0B-$2.0B0$2.0B2018: $1.6B$1.6B20182019: $764.4M$764.4M2019−53%2020: -$408.9M-$408.9M20202021: $1.5B$1.5B20212022: $157.5M$157.5M2022−89%2023: $1.4B$1.4B2023+813%2024: $1.8B$1.8B2024+22%2025: -$2.3B-$2.3B2025
Net income10111213146-$2.1B in 2025
-$3.0B-$2.0B-$1.0B0$1.0B$2.0B2018: $1.1B$1.1B20182019: $241.7M$241.7M2019−78%2020: -$949.0M-$949.0M20202021: $1.0B$1.0B20212022: -$175.3M-$175.3M20222023: $948.9M$948.9M20232024: $1.1B$1.1B2024+18%2025: -$2.1B-$2.1B2025

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-12-312024-12-312023-12-31
Sales$13.0B$13.7B$13.9B
Excise taxes-$1.9B-$2.1B-$2.2B
Net sales$11.1B$11.6B$11.7B
Cost of goods sold-$6.9B-$7.1B-$7.3B
Gross profit$4.3B$4.5B$4.4B
Marketing, general and administrative expenses-$2.6B-$2.7B-$2.8B
Goodwill impairment-$3.6B$0$0
Other operating income (expense), net-$335.3M-$65.4M-$162.7M
Equity income (loss)$13.4M$2.7M$12.0M
Operating income (loss)-$2.3B$1.8B$1.4B
Interest expense-$247.9M-$282.7M-$234.0M
Interest income$20.6M$35.4M$25.4M
Other pension and postretirement benefit (cost), net$14.4M-$5.0M$10.2M
Other non-operating income (expense), net$31.8M$2.1M$12.7M
Total non-operating income (expense), net-$181.1M-$250.2M-$185.7M
Income (loss) before income taxes-$2.5B$1.5B$1.3B
Income tax benefit (expense)$337.8M-$345.3M-$296.1M
Net income (loss)-$2.2B$1.2B$956.4M
Net (income) loss attributable to noncontrolling interests$40.6M-$35.3M-$7.5M
Net income (loss) attributable to Molson Coors Beverage Company-$2.1B$1.1B$948.9M
Basic (in dollars per share)-$10.75$5.38$4.39
Diluted (in dollars per share)-$10.75$5.35$4.37
Basic (in shares)199.1M shares208.8M shares216.0M shares
Dilutive effect of share-based awards (in shares)0 shares1.1M shares1.3M shares
Diluted (in shares)199.1M shares209.9M shares217.3M shares

Compare Molson Coors Brewing Company with another company

The story

In July 2004, Molson Brewery and Coors Brewing Company announced a merger to form Molson Coors Brewing Company; it was completed in February 2005. Molson Brewery was started by John Molson in Montreal in 1786. Coors Brewing Company was started by Adolph Coors in Golden, Colorado, in 1873.

Molson Coors acquired Creemore Springs Brewery in April 2005. The operations of Molson Coors in Brazil were sold to FEMSA in 2006.

In June 2008, SABMiller and Molson Coors Brewing Company combined their U.S. brewing operations in a joint venture, MillerCoors. SABMiller had 58% stake in the company, and Molson Coors had a 42% stake.

In February 2011, the company purchased Sharp's Brewery of Cornwall in England for £20 million. In June 2012, the company expanded into the Central and Eastern European markets by acquiring StarBev from CVC Capital Partners.

In September 2015, Anheuser-Busch Inbev announced a merger with SABMiller. To gain regulatory approval, the U.S. Department of Justice required the company to sell its stake in MillerCoors, including Miller Brewing Company; the stake was acquired by Molson Coors in October 2016. The deal made Molson Coors the largest brewer in North America. In January 2018, the company acquired Aspall Cider.

In October 2019, the company announced it would change its name to Molson Coors Beverage Company as a part of a restructuring to take place in 2020. The name change would reflect the company's growing focus on beverages outside of the traditional beer and brewing offerings. The company also retired the MillerCoors corporate brand name and reorganized its global business units into Molson Coors North America, with administrative headquarters in Chicago, and Molson Coors Europe, with administrative headquarters in Prague.

On February 26, 2020, in the Milwaukee brewery shooting, six people, including the shooter, were killed at a shooting near the company's Milwaukee brewing campus, a site for some of the company's corporate offices and brewing facilities and previously the headquarters for the Miller Brewing Company before it was acquired by Molson Coors.

In September 2020, Molson Coors and D. G. Yuengling & Son announced a joint venture to brew and package Yuengling beers in select Molson Coors’ breweries under Yuengling brewers’ supervision, and distribute them into new markets.

Read the full text

Molson Coors began offering whiskey including Five Trail Blended American Whiskey in 2021 and Barmen 1873 Bourbon in 2022. In August 2023, Molson Coors acquired Blue Run, a whiskey company based in Georgetown, Kentucky. It then established a new division, Coors Spirits Co.

In November 2024, the company acquired a majority stake in Zoa energy drinks. In December 2024, the company acquired Cruz Blanca. In January 2025, the company acquired an 8.5% stake in Fever-Tree Drinks. In September 2025, Rahul Goyal was appointed CEO of the company. In late 2025, the company eliminated 400 salaried positions in the Americas, approximately 9% of its workforce in that division. In April 2026, the company acquired Atomic Brands, which makes Monaco Cocktails.

From Wikipedia’s article on Molson Coors, shared under CC BY-SA 4.0.8

Leadership

Who has led Molson Coors Brewing Company, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (65)

Products and brands

  • beer

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • Apatinska Brewery
  • Coors Brewers
  • Coors Brewing Company
  • MillerCoors
  • Molson
  • Molson Coors Netherlands
  • Pivovary Staropramen
  • The Beer Store

Also owns

  • Bass Brewery
  • Borsod Brewery
  • Jelen pivo
  • Kamenitza
  • Worthington Brewery

From Wikidata.1

Former names

  • MOLSON COORS BREWING COFeb 7, 2005 to Nov 26, 20197
  • COORS ADOLPH COMar 28, 1994 to Feb 8, 20057

Timeline

  1. Oct 3, 2025New chief executive Rahul Goyal becomes CEO20
  2. Jan 10, 2025New chief executive Philip M. Whitehead becomes CEO19
  3. Jan 3, 2018New chief executive Sergey Yeskov becomes CEO21
  4. Oct 14, 2016New chief executive Frederic Landtmeters becomes CEO22
  5. Oct 14, 2016New chief executive Gavin Hattersley becomes CEO23
  6. Jan 5, 2015New chief executive Simon Cox becomes CEO24
  7. Mar 6, 2014New chief executive Krishnan Anand becomes CEO25
  8. Mar 6, 2014New chief executive Stewart Glendinning becomes CEO26
  9. May 17, 2010New chief executive David Perkins becomes CEO27
  10. Mar 5, 2008New chief executive Peter S. Swinburn becomes CEO28
  11. Nov 30, 2007New chief executive Mark Hunter becomes CEO29
  12. Mar 31, 2005New chief executive Paasschen Frits D. Van becomes CEO32
  13. Feb 18, 2005New chief executive Fernando Tigre becomes CEO30
  14. Feb 18, 2005New chief executive Kevin Boyce becomes CEO31
  15. 2005Founded Founded in Molson1
  16. Jul 31, 2003New chief executive W. Leo Kiely Iii. becomes CEO33

Recent filings

  1. Oct 1, 20264
  2. Oct 1, 20264
  3. Aug 13, 2026SCHEDULE 13G
  4. Aug 6, 20268-K
  5. Aug 6, 202610-Q
  6. Jul 14, 2026SCHEDULE 13G
  7. Jul 10, 20263
  8. Jul 1, 20264
  9. Jul 1, 20264
  10. Jun 24, 20268-K
  11. May 27, 20268-K
  12. May 22, 2026424B5
  13. May 22, 20268-K
  14. May 22, 20264
  15. May 21, 2026FWP

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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