What is the primary revenue source for Molson Coors (TAP)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze TAP's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Molson Coors's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Molson Coors Makes Money: TAP Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

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Revenue was roughly flat year over year while operating profit declined, pressuring profitability.

The largest revenue segment accounts for 68.06% of revenue, indicating concentration.

Operating margin declined by 2.64 percentage points year over year.

Revenue: USD 6.32B
Largest revenue segment share (Americas): 68.06%
Cost of revenue: USD 3.49B
Selling, general and administrative: USD 1.33B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueSales · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of product and service sold · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative expense · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Americas)Americas · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

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Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Property, plant and equipment: USD 4.68B
Goodwill: USD 2.14B
Cash and cash equivalents: USD 2.13B
Total liabilities: USD 13.95B
Shareholder equity: USD 10.31B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant and equipment, net · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 214.2% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 383.00M
Operating cash flow: USD 820.40M
Cash conversion: 214.20%
Free cash flow: USD 485.20M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income (loss) attributable to molson coors beverage company · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 183.70M
Share repurchases: USD 211.00M
Net shareholder return: USD 394.70M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of dividends · PaymentsOfDividends · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?