MOLSON COORS BEVERAGE CO
TAP, TAP-A · Malt Beverages · 217.3M shares · +0%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $161M (gross $206M, SBC $45M)
Reference price $42.50 · est. market cap ~$9.2B — last insider sale, 2026-05-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Scaled brewer in a secular-decline industry posting a loss year, with positive cash flow but negative returns.
Strengths
- Operating cash generation remains positive (OCF margin 13.7%, 64th pct); cash $897M (85th)
- Leading Coors Light/Miller Lite franchise with top-five global scale
Risks
- Loss year: net margin -16.4% (30th), operating -17.9% (32nd), ROE -20.9%, ROA -9.4% (impairment-driven)
- Secular volume decline (GLP-1, moderation), weak liquidity (current 0.55, 15th pct) and an Americas restructuring/CEO transition
Notable findings
- Weak liquidityCurrent ratio 0.55 (<1)
- Net lossNet loss (net margin -16.4%)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
- Strong balance sheetStrong balance sheet — $896M cash & investments
- Revenue declineRevenue -10.3% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
32.8%
Operating margin
-17.9%
Net margin
-16.4%
Return on equity
-20.9%
Return on assets
-9.4%
ROIC
-11.2%
Revenue growth (QoQ)
-10.3%
Net-income growth
-290.6%
Debt / equity
0.6×
Current ratio
0.6×
EBITDA
-$1.6B
Tangible book value
-$3.7B
Cash & investments
$896M
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | Molson Geoffrey E. | Sell | 1.2K | $42.50 |
| 2026-05-18 | Molson Andrew Thomas | Tax withheld | 1.4K | $41.68 |
| 2026-05-18 | Molson Geoffrey E. | Tax withheld | 1.4K | $41.68 |
| 2026-05-18 | Eaton Roger G. | Tax withheld | 610 | $41.68 |
| 2026-05-18 | O'Sullivan Nessa | Tax withheld | 610 | $41.68 |
| 2026-05-18 | Riley H Sanford | Tax withheld | 1.3K | $41.68 |
| 2026-05-06 | Molson Geoffrey E. | Grant | 4.0K | — |
| 2026-05-06 | Molson Andrew Thomas | Grant | 4.0K | — |
| 2026-05-06 | Winnefeld James A Jr | Grant | 4.0K | — |
| 2026-05-06 | Williams Leroy James Jr | Grant | 4.0K | — |
| 2026-05-06 | Timm Jill | Grant | 4.0K | — |
| 2026-05-06 | Riley H Sanford | Grant | 4.0K | — |
| 2026-05-06 | O'Sullivan Nessa | Grant | 4.0K | — |
| 2026-05-06 | HERINGTON CHARLES M | Grant | 4.0K | — |
| 2026-05-06 | FergusonMchugh MaryLynn | Grant | 4.0K | — |
| 2026-05-06 | Eaton Roger G. | Grant | 4.0K | — |
| 2026-05-06 | Coors Peter Joseph | Grant | 4.0K | — |
| 2026-05-06 | Coors David S. | Grant | 4.0K | — |
| 2026-05-06 | Cocks Christian P | Grant | 4.0K | — |
| 2026-04-14 | Joubert Tracey | Tax withheld | 12K | $43.66 |
| 2026-04-01 | Coors Peter Joseph | Grant | 583 | — |
| 2026-04-01 | Stelter Roxanne | Grant | 1.0K | — |
| 2026-03-31 | Cocks Christian P | Grant | 668 | — |
| 2026-03-31 | HERINGTON CHARLES M | Grant | 334 | — |
| 2026-03-10 | Coors David S. | Gift | 11K | — |
| 2026-03-10 | Coors Peter Joseph | Gift | 11K | — |
| 2026-03-09 | Molson Andrew Thomas | Buy | 2.0K | $46.67 |
| 2026-03-04 | Vohs Darrin | Grant | 3.2K | — |
| 2026-03-04 | Maciolek Natalie G. | Grant | 9.5K | — |
| 2026-03-04 | Goyal Rahul | Grant | 37K | — |
| 2026-03-04 | Joubert Tracey | Grant | 13K | — |
| 2026-03-04 | Coors Peter Joseph | Grant | 1.6K | — |
| 2026-03-04 | Whitehead Philip M | Grant | 7.9K | — |
| 2026-03-04 | Stelter Roxanne | Grant | 2.8K | — |
| 2026-03-04 | Coors David S. | Grant | 2.1K | — |
| 2026-02-27 | Joubert Tracey | Tax withheld | 2.7K | $48.99 |
| 2026-02-27 | Joubert Tracey | Grant | 18K | — |
| 2026-02-27 | Joubert Tracey | Tax withheld | 6.5K | $48.99 |
| 2026-02-27 | Goyal Rahul | Tax withheld | 985 | $48.99 |
| 2026-02-27 | Goyal Rahul | Grant | 7.0K | — |
| 2026-02-27 | Goyal Rahul | Tax withheld | 2.1K | $48.99 |
| 2026-02-27 | Coors David S. | Tax withheld | 318 | $48.99 |
| 2026-02-27 | Coors David S. | Grant | 1.2K | — |
| 2026-02-27 | Coors David S. | Tax withheld | 400 | $48.99 |
| 2026-02-27 | Coors Peter Joseph | Tax withheld | 125 | $48.99 |
| 2026-02-27 | Coors Peter Joseph | Grant | 177 | — |
| 2026-02-27 | Coors Peter Joseph | Tax withheld | 53 | $48.99 |
| 2026-02-27 | Stelter Roxanne | Tax withheld | 608 | $48.99 |
| 2026-02-27 | Stelter Roxanne | Grant | 2.1K | — |
| 2026-02-27 | Stelter Roxanne | Tax withheld | 714 | $48.99 |
| 2026-02-27 | Vohs Darrin | Tax withheld | 761 | $48.99 |
| 2026-02-27 | Vohs Darrin | Grant | 4.7K | — |
| 2026-02-27 | Vohs Darrin | Tax withheld | 1.3K | $48.99 |
| 2026-02-27 | Whitehead Philip M | Tax withheld | 1.1K | $48.99 |
| 2026-02-27 | Whitehead Philip M | Grant | 2.9K | — |
| 2026-02-27 | Whitehead Philip M | Tax withheld | 1.4K | $48.99 |
| 2026-02-20 | Winnefeld James A Jr | Buy | 100 | $49.01 |
| 2025-12-31 | HERINGTON CHARLES M | Grant | 308 | — |
| 2025-12-31 | Cocks Christian P | Grant | 616 | — |
| 2025-11-26 | Cocks Christian P | Buy | 45 | $47.19 |
| 2025-11-10 | Molson Andrew Thomas | Buy | 7.5K | $46.79 |
| 2025-11-05 | Coors David S. | Buy | 2.2K | $44.47 |
| 2025-10-02 | Maciolek Natalie G. | Tax withheld | 4.5K | $46.18 |
| 2025-10-01 | Goyal Rahul | Grant | 43K | — |
| 2025-09-30 | HERINGTON CHARLES M | Grant | 318 | — |
| 2025-09-30 | Cocks Christian P | Grant | 636 | — |
| 2025-06-30 | Cocks Christian P | Grant | 315 | — |
| 2025-06-30 | HERINGTON CHARLES M | Grant | 287 | — |
| 2025-05-21 | Molson Geoffrey E. | Sell | 1.3K | $56.29 |
| 2025-05-19 | O'Sullivan Nessa | Tax withheld | 464 | $56.61 |
| 2025-05-19 | Riley H Sanford | Tax withheld | 1.4K | $56.61 |
| 2025-05-19 | Molson Andrew Thomas | Tax withheld | 1.5K | $56.61 |
| 2025-05-19 | Eaton Roger G. | Tax withheld | 464 | $56.61 |
| 2025-05-19 | Molson Geoffrey E. | Tax withheld | 1.5K | $56.61 |
| 2025-05-15 | Cocks Christian P | Grant | 3.0K | — |
| 2025-05-15 | Williams Leroy James Jr | Grant | 3.0K | — |
| 2025-05-15 | Timm Jill | Grant | 3.0K | — |
| 2025-05-15 | Coors David S. | Grant | 3.0K | — |
| 2025-05-15 | FergusonMchugh MaryLynn | Grant | 3.0K | — |
| 2025-05-15 | Molson Geoffrey E. | Grant | 3.0K | — |
| 2025-05-15 | HERINGTON CHARLES M | Grant | 3.0K | — |
| 2025-05-15 | Molson Andrew Thomas | Grant | 3.0K | — |
| 2025-05-15 | Winnefeld James A Jr | Grant | 3.0K | — |
| 2025-05-15 | Riley H Sanford | Grant | 3.0K | — |
| 2025-05-15 | O'Sullivan Nessa | Grant | 3.0K | — |
| 2025-05-15 | Eaton Roger G. | Grant | 3.0K | — |
| 2025-05-15 | Coors Peter Joseph | Grant | 3.0K | — |
| 2025-05-09 | Winnefeld James A Jr | Buy | 200 | $54.00 |
| 2025-04-14 | Whitehead Philip M | Grant | 8.2K | — |
| 2025-04-14 | Joubert Tracey | Grant | 67K | — |
| 2025-04-14 | St. Jacques Michelle | Grant | 12K | — |
| 2025-04-14 | Maciolek Natalie G. | Grant | 10K | — |
| 2025-03-31 | HERINGTON CHARLES M | Grant | 216 | — |
| 2025-03-13 | Whitehead Philip M | Sell | 3.5K | $59.61 |
| 2025-03-05 | Joubert Tracey | Grant | 10K | — |
| 2025-03-05 | Hattersley Gavin | Grant | 38K | — |
| 2025-03-05 | Maciolek Natalie G. | Grant | 6.3K | — |
| 2025-03-05 | Stelter Roxanne | Grant | 738 | — |
| 2025-03-05 | St. Jacques Michelle | Grant | 7.6K | — |
| 2025-03-05 | Coors David S. | Grant | 422 | — |
| 2025-03-05 | Whitehead Philip M | Grant | 6.3K | — |
| 2025-02-28 | Hattersley Gavin | Tax withheld | 13K | $61.29 |
| 2025-02-28 | Hattersley Gavin | Grant | 94K | — |
| 2025-02-28 | Hattersley Gavin | Tax withheld | 44K | $61.29 |
| 2025-02-28 | Joubert Tracey | Tax withheld | 2.8K | $61.29 |
| 2025-02-28 | Joubert Tracey | Grant | 25K | — |
| 2025-02-28 | Joubert Tracey | Tax withheld | 11K | $61.29 |
| 2025-02-28 | St. Jacques Michelle | Tax withheld | 2.1K | $61.29 |
| 2025-02-28 | St. Jacques Michelle | Grant | 13K | — |
| 2025-02-28 | St. Jacques Michelle | Tax withheld | 5.9K | $61.29 |
| 2025-02-28 | Stelter Roxanne | Tax withheld | 626 | $61.29 |
| 2025-02-28 | Stelter Roxanne | Grant | 2.9K | — |
| 2025-02-28 | Stelter Roxanne | Tax withheld | 959 | $61.29 |
| 2025-02-28 | Whitehead Philip M | Tax withheld | 1.1K | $61.29 |
| 2025-02-28 | Whitehead Philip M | Grant | 4.2K | — |
| 2025-02-28 | Whitehead Philip M | Tax withheld | 2.0K | $61.29 |
| 2025-02-28 | Coors David S. | Tax withheld | 327 | $61.29 |
| 2025-02-28 | Coors David S. | Grant | 1.7K | — |
| 2025-02-28 | Coors David S. | Tax withheld | 550 | $61.29 |
| 2024-12-31 | HERINGTON CHARLES M | Grant | 229 | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (4)
- Brewers' Distributor Ltd. (BDL)
- Brewers' Retail Inc. (BRI)
- Heineken
- Red Tree Beverages, LLC
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-24 | Exec/director change | filing ↗ |
| 2026-05-27 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-22 | OtherExhibits | filing ↗ |
| 2026-05-08 | Shareholder vote | filing ↗ |
| 2026-04-30 | ResultsExhibits | filing ↗ |
| 2026-02-18 | ResultsReg FDOtherExhibits | filing ↗ |
| 2025-11-20 | Exec/director changeExhibits | filing ↗ |
| 2025-11-04 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-24 | 0001104659-26-077086 ↗ |
| 8-K | 2026-05-27 | 2026-05-27 | 0001104659-26-066954 ↗ |
| 8-K | 2026-05-22 | 2026-05-20 | 0001104659-26-065786 ↗ |
| 8-K | 2026-05-08 | 2026-05-06 | 0001104659-26-058010 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0000024545-26-000036 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0000024545-26-000035 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0000024545-26-000006 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001104659-26-017055 ↗ |
| 8-K | 2025-11-20 | 2025-11-14 | 0001104659-25-114643 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0000024545-25-000039 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0000024545-25-000037 ↗ |
| 8-K | 2025-10-20 | 2025-10-20 | 0001104659-25-100648 ↗ |