TAPHIGH SIGNALFINANCIAL10-K

Molson Coors experienced a dramatic financial deterioration with net income swinging from $1.1B profit to -$2.1B loss, representing a $3.2B negative variance.

This massive swing from profitability to substantial losses indicates severe operational or one-time issues that fundamentally impacted the company's performance. The combination of operating losses, significantly increased liabilities, and reduced stockholder equity suggests either major asset impairments, restructuring charges, or serious underlying business deterioration that requires immediate investor attention.

Comparing 2026-02-18 vs 2025-02-18View on EDGAR →
FINANCIAL ANALYSIS

Molson Coors experienced catastrophic financial deterioration across all key metrics, with net income plummeting from a $1.1B profit to a -$2.1B loss and operating income falling to -$2.3B from $1.8B positive. The balance sheet weakened substantially with current liabilities surging 74% to $5.3B while stockholders' equity declined 22% to $10.2B and total assets contracted 13% to $22.7B. This financial profile suggests either massive one-time charges, significant asset write-downs, or fundamental business deterioration that has severely compromised the company's financial position.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
-290.6%
$1.1B-$2.1B

Net income declined 290.6% — review whether driven by operations, interest costs, or non-recurring items.

Operating Income
P&L
-233.3%
$1.8B-$2.3B

Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.

Current Liabilities
Balance Sheet
+74.4%
$3.0B$5.3B

Current liabilities surged 74.4% — significant near-term obligations; verify ability to meet short-term debt.

Stockholders Equity
Balance Sheet
-21.9%
$13.1B$10.2B

Equity decreased 21.9% — buybacks or losses reducing book value, monitor solvency ratios.

Total Assets
Balance Sheet
-12.8%
$26.1B$22.7B

Total assets contracted 12.8% — asset sales, write-downs, or balance sheet optimization underway.

LANGUAGE CHANGES
NEW — 2026-02-18
PRIOR — 2025-02-18
ADDED
Class A Common Stock 2,563,034 shares Class B Common Stock 175,592,622 shares Exchangeable shares: As of February 11, 2026, the following number of exchangeable shares was outstanding for Molson Coors Canada, Inc.: Class A Exchangeable Shares 2,678,963 shares Class B Exchangeable Shares 7,093,946 shares The Class A exchangeable shares and Class B exchangeable shares are shares of the share capital in Molson Coors Canada Inc., a wholly-owned subsidiary of the registrant.
Table o f Contents MOLSON COORS BEVERAGE COMPANY AND SUBSIDIARIES INDEX Page Glossary of Terms and Abbreviations 2 Cautionary Statement 3 Risk Factors Summary 3 PART I.
Risk Factors in this report and those described from time to time in our past and future reports filed with the SEC.
business in Brazil; economic trends and intense competition in European markets; shareholder activism efforts or unsolicited offers from a third-party; 4 Table o f Contents the interests of the controlling stockholders may differ from those of other stockholders; and the potential for Pentland and the Coors Trust to disagree on a matter submitted to our stockholders or the super-majority of the Board of Directors to disagree on certain actions.
and Puerto Rico with Molson Coors Brewing Company maintaining a 42% share in the joint venture.
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REMOVED
Class A Common Stock 2,563,034 shares Class B Common Stock 190,157,977 shares Exchangeable shares: As of February 11, 2025, the following number of exchangeable shares was outstanding for Molson Coors Canada, Inc.: Class A Exchangeable Shares 2,678,963 shares Class B Exchangeable Shares 7,205,946 shares The Class A exchangeable shares and Class B exchangeable shares are shares of the share capital in Molson Coors Canada Inc., a wholly-owned subsidiary of the registrant.
Table of Content s MOLSON COORS BEVERAGE COMPANY AND SUBSIDIARIES INDEX Page Glossary of Terms and Abbreviations 2 Cautionary Statement 3 Risk Factors Summary 3 PART I.
Risk Factors, elsewhere throughout this report and those described from time to time in our past and future reports filed with the SEC.
business in Brazil; economic trends and intense competition in European markets; the potential for Pentland and the Coors Trust to disagree on a matter submitted to our stockholders or the super-majority of the Board of Directors to disagree on certain actions; the interests of the controlling stockholders may differ from those of other stockholders; and 4 Table of Content s shareholder activism efforts or unsolicited offers from a third-party.
The beer industry is highly competitive and our portfolio of beers competes with numerous brands in all segments which are produced by international, national, regional and local brewers.
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