Ambev S.A.(ABEV)Earnings, Financials & Key Ratios

ABEV•NYSE

$3.37

$52.63B mkt cap·16.8× P/E·Price updated May 6, 2026

SectorConsumer Defensive IndustryAlcoholic Beverages Sub-IndustryBeer Brewers and Bottlers

AboutAmbev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands. The company also provides bottled water, isotonic beverages, energy drinks, coconut water, powdered and natural juices, and ready-to-drink teas under the Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi, Canada Dry, Squirt, Red Rock, Pepsi-Cola, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike's brands. It offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in São Paulo, Brazil. Ambev S.A. is a subsidiary of Interbrew International B.V.Show more

Revenue$88.24B-1.4%
EBITDA$30.01B+3.8%
Net Income$15.5B+7.4%
EPS (Diluted)0.99+8.8%
Gross Margin51.42%+0.4%
EBITDA Margin34.01%+5.2%
Operating Margin26.42%+8.4%
Net Margin17.57%+8.9%
ROE16.46%+2.5%
ROIC23.33%+1.3%
Debt/Equity0.06+73.8%
Interest Coverage20.68+126.6%

Analysis→Technical→

ABEV Key Insights

Ambev S.A. (ABEV) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 22.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 16.8%
✓Healthy 5Y average net margin of 17.5%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ABEV Price & Volume

Ambev S.A. (ABEV) stock price & volume — 10-year historical chart

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ABEV Growth Metrics

Ambev S.A. (ABEV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.57%

5 Years8.61%

3 Years3.45%

TTM-1.35%

Profit CAGR

10 Years2.24%

5 Years6.38%

3 Years2.35%

TTM7.38%

EPS CAGR

10 Years2.41%

5 Years6.58%

3 Years2.85%

TTM7.69%

Return on Capital

10 Years22.58%

5 Years19.73%

3 Years20.95%

Last Year21.63%

ABEV Recent Earnings

Ambev S.A. (ABEV) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)

Q2 2026Latest

May 5, 2026

EPS

$0.05

Est $0.04

+21.2%

Revenue

$4.5B

Est $4.4B

+3.6%

Q1 2026

Feb 12, 2026

EPS

$0.05

Est $0.05

+0.0%

Revenue

$5.2B

Est $4.6B

+13.1%

Q4 2025

Oct 30, 2025

EPS

$0.04

Est $0.04

+0.0%

Revenue

$3.9B

Est $4.8B

-18.1%

Q3 2025

Jul 31, 2025

EPS

$0.03

Est $0.03

+0.0%

Revenue

$3.7B

Est $4.2B

-11.0%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 5, 2026	$0.05vs $0.04+21.2%	$4.5Bvs $4.4B+3.6%
Q1 2026	Feb 12, 2026	$0.05vs $0.05+0.0%	$5.2Bvs $4.6B+13.1%
Q4 2025	Oct 30, 2025	$0.04vs $0.04+0.0%	$3.9Bvs $4.8B-18.1%
Q3 2025	Jul 31, 2025	$0.03vs $0.03+0.0%	$3.7Bvs $4.2B-11.0%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
BUDAnheuser-Busch InBev SA/NVDirect Competitor	138.3B	80.37	28.10	0.65%	10.49%	13.75%	8.09%	0.81
TAPMolson Coors Beverage CompanyDirect Competitor	7.92B	42.19	-3.89	-4.18%	-18.85%	-18.64%	13.48%	0.60
SAMThe Boston Beer Company, Inc.Direct Competitor	2.21B	206.25	20.85	3.69%	-2.92%	-7.3%	9.74%	0.04
KOThe Coca-Cola CompanyProduct Competitor	337.79B	78.48	25.82	1.87%	27.8%	41.06%	1.57%	1.33
PEPPepsiCo, Inc.Product Competitor	211.89B	155.04	25.84	2.25%	8.77%	40.1%	3.62%	2.43
MNSTMonster Beverage CorporationProduct Competitor	74.14B	75.80	39.07	10.7%	22.97%	23.08%
CELHCelsius Holdings, Inc.Product Competitor	8.61B	33.52	134.08	85.54%	4.29%	4.66%	3.76%	0.23
FIZZNational Beverage Corp.Product Competitor	3.27B	34.92	17.55	0.81%	15.55%	39.28%	5.21%	0.16

Compare ABEV vs Peers

Ambev S.A. (ABEV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BUD

Most directly comparable listed peer for ABEV.

Scale Benchmark

vs KO

Larger-name benchmark to compare ABEV against a more recognizable public peer.

Peer Set

Compare Top 5

vs BUD, TAP, SAM, KO

ABEV Income Statement

Ambev S.A. (ABEV) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	47.9B	50.23B	52.01B	58.38B	72.85B	79.71B	79.74B	89.45B	88.24B
Revenue Growth %	5.04%	4.87%	3.53%	12.26%	24.8%	9.41%	0.04%	12.18%	-1.35%
Cost of Goods Sold	18.03B	19.25B	21.68B	27.07B	35.66B	40.42B	39.29B	43.62B	42.86B
COGS % of Revenue	37.64%	38.32%	41.68%	46.36%	48.95%	50.71%	49.28%	48.76%	48.58%
Gross Profit	29.87B▲ 0%	30.98B▲ 3.7%	30.33B▼ 2.1%	31.31B▲ 3.3%	37.19B▲ 18.8%	39.29B▲ 5.6%	40.45B▲ 2.9%	45.84B▲ 13.3%	45.38B▼ 1.0%
Gross Margin %	62.36%	61.68%	58.32%	53.64%	51.05%	49.29%	50.72%	51.24%	51.42%
Gross Profit Growth %	3.27%	3.72%	-2.11%	3.25%	18.78%	5.62%	2.95%	13.33%	-1%
Operating Expenses	13.32B	13.83B	14.25B	15.34B	20.11B	21.6B	21.61B	24.04B	22.06B
OpEx % of Revenue	27.81%	27.53%	27.41%	26.28%	27.61%	27.1%	27.11%	26.87%	25%
Selling, General & Admin	14.43B	14.69B	15.33B	17.57B	21.85B	23.97B	23.44B	26.39B	25.25B
SG&A % of Revenue	30.12%	29.25%	29.47%	30.09%	29.99%	30.07%	29.39%	29.5%	28.61%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-1.11B	-860.9M	-1.08B	-2.23B	-1.73B	-2.37B	-1.82B	-2.36B	-3.19B
Operating Income	16.55B▲ 0%	17.15B▲ 3.6%	16.07B▼ 6.3%	15.97B▼ 0.6%	17.08B▲ 6.9%	17.69B▲ 3.6%	18.83B▲ 6.5%	21.8B▲ 15.8%	23.32B▲ 7.0%
Operating Margin %	34.56%	34.14%	30.91%	27.36%	23.44%	22.19%	23.62%	24.37%	26.42%
Operating Income Growth %	-3.23%	3.62%	-6.27%	-0.64%	6.94%	3.56%	6.46%	15.78%	6.95%
EBITDA	20.59B	21.6B	20.75B	21.14B	22.48B	23.64B	25.25B	28.93B	30.01B
EBITDA Margin %	42.98%	43%	39.9%	36.21%	30.85%	29.66%	31.67%	32.34%	34.01%
EBITDA Growth %	-0.14%	4.91%	-3.93%	1.88%	6.33%	5.19%	6.79%	14.57%	3.75%
D&A (Non-Cash Add-back)	4.04B	4.45B	4.68B	5.17B	5.4B	5.96B	6.42B	7.13B	6.7B
EBIT	14.94B	14.85B	14.77B	15.61B	15.6B	17.13B	17.85B	21.89B	19.62B
Net Interest Income	-3.22B	-2.69B	-191.33M	20.54M	-287.73M	-176.38M	-160.88M	-774.3M	454.31M
Interest Income	774.4M	454M	270.73M	435.33M	1.14B	419.72M	417.55M	1.62B	1.4B
Interest Expense	4.27B	1.28B	462.06M	414.78M	1.43B	596.1M	578.43M	2.4B	949.1M
Other Income/Expense	-3.72B	-4.03B	-3.13B	-2.48B	-3.32B	-3.45B	-3.8B	-2.31B	-3.9B
Pretax Income	12.84B▲ 0%	13.12B▲ 2.2%	12.94B▼ 1.4%	13.49B▲ 4.3%	13.76B▲ 2.0%	14.24B▲ 3.5%	15.04B▲ 5.6%	19.49B▲ 29.6%	19.42B▼ 0.3%
Pretax Margin %	26.8%	26.12%	24.89%	23.12%	18.89%	17.86%	18.86%	21.79%	22.01%
Income Tax	5.05B	1.77B	754.7M	1.76B	636.6M	-655.6M	75.5M	4.64B	3.43B
Effective Tax Rate %	39.33%	13.52%	5.83%	13.06%	4.63%	-4.61%	0.5%	23.81%	17.68%
Net Income	7.27B▲ 0%	10.99B▲ 51.3%	11.78B▲ 7.1%	11.38B▼ 3.4%	12.67B▲ 11.4%	14.46B▲ 14.1%	14.5B▲ 0.3%	14.44B▼ 0.4%	15.5B▲ 7.4%
Net Margin %	15.18%	21.89%	22.65%	19.49%	17.39%	18.14%	18.19%	16.14%	17.57%
Net Income Growth %	-42.06%	51.26%	7.14%	-3.4%	11.35%	14.1%	0.3%	-0.45%	7.39%
Net Income (Continuing)	7.79B	11.35B	12.19B	11.73B	13.12B	14.89B	14.96B	14.85B	15.99B
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	1.97B	1.21B	1.28B	1.34B	1.37B	1.37B	1.17B	938.4M	860.74M
EPS (Diluted)	0.47▲ 0%	0.70▲ 48.9%	0.74▲ 5.7%	0.72▼ 2.7%	0.80▲ 11.1%	0.91▲ 13.7%	0.92▲ 1.1%	0.91▼ 1.1%	0.99▲ 8.8%
EPS Growth %	-40.51%	48.94%	5.71%	-2.7%	11.11%	13.75%	1.1%	-1.09%	8.79%
EPS (Basic)	0.47	0.70	0.75	0.72	0.81	0.92	0.92	0.92	0.99
Diluted Shares Outstanding	15.71B	15.86B	15.87B	15.87B	15.86B	15.85B	15.84B	15.81B	15.68B
Basic Shares Outstanding	15.71B	15.72B	15.73B	15.73B	15.74B	15.74B	15.84B	15.81B	15.62B
Dividend Payout Ratio	121.33%	80.16%	66.82%	60.2%	87.72%	84.68%	82.21%	28.1%	131.99%

ABEV Balance Sheet

Ambev S.A. (ABEV) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	24.72B	25.33B	27.62B	35.34B	38.63B	37.82B	36.56B	54.16B	43.88B
Cash & Short-Term Investments	10.35B	11.48B	11.92B	18.79B	18.54B	15.38B	16.34B	29.84B	20.32B
Cash Only	10.35B	11.46B	11.9B	17.09B	16.63B	14.93B	16.06B	28.6B	18.64B
Short-Term Investments	0	13.4M	14.6M	1.7B	1.91B	454.5M	277.2M	1.24B	1.68B
Accounts Receivable	7.96B	7.03B	8.57B	4.3B	4.79B	8.2B	9.18B	9.85B	10.23B
Days Sales Outstanding	60.66	51.07	60.15	26.9	24.01	37.56	42.01	40.2	42.31
Inventory	4.32B	5.4B	5.98B	7.61B	11B	12.92B	9.62B	11.69B	10.52B
Days Inventory Outstanding	87.44	102.43	100.66	102.57	112.6	116.69	89.36	97.83	89.58
Other Current Assets	1.51B	1.42B	1.16B	4.64B	4.29B	1.31B	1.43B	2.78B	2.09B
Total Non-Current Assets	62.13B	68.8B	74.12B	89.85B	99.98B	100.14B	96.08B	108.35B	104.24B
Property, Plant & Equipment	18.82B	20.1B	22.58B	24.77B	29.22B	30.06B	26.63B	30.17B	27.64B
Fixed Asset Turnover	2.54x	2.50x	2.30x	2.36x	2.49x	2.65x	2.99x	2.96x	3.19x
Goodwill	31.4B	34.28B	35.01B	40.02B	42.41B	40.59B	38B	44.34B	41.54B
Intangible Assets	4.67B	5.84B	6.31B	7.58B	8.69B	9.22B	10.04B	12.53B	11.04B
Long-Term Investments	360M	404.4M	467M	551.3M	498.1M	551M	531.3M	579.9M	1.26B
Other Non-Current Assets	6.65B	6.16B	6.81B	12.37B	14.42B	13.28B	12.9B	20.73B	11.32B
Total Assets	86.85B▲ 0%	94.13B▲ 8.4%	101.74B▲ 8.1%	125.2B▲ 23.1%	138.6B▲ 10.7%	137.96B▼ 0.5%	132.64B▼ 3.9%	162.51B▲ 22.5%	148.11B▼ 8.9%
Asset Turnover	0.55x	0.53x	0.51x	0.47x	0.53x	0.58x	0.60x	0.55x	0.60x
Asset Growth %	3.59%	8.38%	8.09%	23.05%	10.71%	-0.46%	-3.85%	22.51%	-8.86%
Total Current Liabilities	29.07B	25.21B	25.01B	33.48B	38.87B	40.54B	41.01B	49.39B	45.6B
Accounts Payable	11.85B	14.05B	15.07B	19.34B	25.08B	24.33B	23.2B	25.22B	22.6B
Days Payables Outstanding	239.99	266.41	253.73	260.8	256.69	219.68	215.47	211.09	192.41
Short-Term Debt	1.7B	1.53B	217.1M	2.33B	224.6M	273.3M	151.2M	163.6M	1.17B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0
Other Current Liabilities	7.18B	2.22B	2B	2.3B	2.97B	4.42B	5.28B	4.03B	14.25B
Current Ratio	0.85x	1.00x	1.10x	1.06x	0.99x	0.93x	0.89x	1.10x	0.96x
Quick Ratio	0.70x	0.79x	0.87x	0.83x	0.71x	0.61x	0.66x	0.86x	0.73x
Cash Conversion Cycle	-91.9	-112.92	-92.92	-131.33	-120.09	-65.43	-84.11	-73.06	-60.52
Total Non-Current Liabilities	11.78B	13.05B	14.18B	16.57B	15.72B	14.09B	11.5B	13.54B	13.74B
Long-Term Debt	2.83B	850.7M	697.8M	338.4M	267.2M	454.3M	391M	324M	2.22B
Capital Lease Obligations	24.7M	1.31B	1.71B	1.72B	1.99B	2.33B	1.81B	1.85B	1.96B
Deferred Tax Liabilities	2.33B	2.42B	2.37B	3.04B	3.21B	3.73B	3.32B	5.01B	6.94B
Other Non-Current Liabilities	6.59B	8.46B	9.4B	11.47B	10.25B	7.58B	5.97B	6.35B	2.62B
Total Liabilities	40.85B	38.26B	39.19B	50.05B	54.58B	54.63B	52.5B	62.93B	59.34B
Total Debt	4.57B	4.1B	3.06B	4.79B	3.13B	3.85B	3.5B	3.45B	5.35B
Net Debt	-5.79B	-7.36B	-8.84B	-12.3B	-13.5B	-11.08B	-12.56B	-25.14B	-13.29B
Debt / Equity	0.10x	0.07x	0.05x	0.06x	0.04x	0.05x	0.04x	0.03x	0.06x
Debt / EBITDA	0.22x	0.19x	0.15x	0.23x	0.14x	0.16x	0.14x	0.12x	0.18x
Net Debt / EBITDA	-0.28x	-0.34x	-0.43x	-0.58x	-0.60x	-0.47x	-0.50x	-0.87x	-0.44x
Interest Coverage	3.50x	11.60x	31.96x	37.63x	10.89x	28.73x	30.86x	9.13x	20.68x
Total Equity	47.56B▲ 0%	57.45B▲ 20.8%	62.56B▲ 8.9%	75.15B▲ 20.1%	84.02B▲ 11.8%	83.33B▼ 0.8%	80.14B▼ 3.8%	99.58B▲ 24.3%	88.77B▼ 10.9%
Equity Growth %	1.96%	20.79%	8.88%	20.13%	11.8%	-0.82%	-3.82%	24.25%	-10.85%
Book Value per Share	3.03	3.62	3.94	4.74	5.30	5.26	5.06	6.30	5.66
Total Shareholders' Equity	45.59B	56.25B	61.28B	73.82B	82.64B	81.96B	78.97B	98.64B	87.91B
Common Stock	57.61B	57.71B	57.87B	57.9B	58.04B	58.13B	58.18B	58.23B	58.28B
Retained Earnings	-355.4M	0	0	0	0	0	0	0	18.04B
Treasury Stock	0	0	-955.2M	-941.7M	0	0	0	0	-2.95B
Accumulated OCI	63.3B	70.12B	75.69B	80.91B	86.38B	92.25B	98.67B	108.97B	14.55B
Minority Interest	1.97B	1.21B	1.28B	1.34B	1.37B	1.37B	1.17B	938.4M	860.74M

ABEV Cash Flow Statement

Ambev S.A. (ABEV) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	17.87B	17.91B	18.38B	18.86B	22.9B	20.64B	24.71B	26.1B	24.45B
Operating CF Margin %	37.32%	35.66%	35.35%	32.3%	31.43%	25.9%	30.99%	29.18%	27.71%
Operating CF Growth %	44.79%	0.21%	2.62%	2.58%	21.45%	-9.86%	19.71%	5.62%	-6.32%
Net Income	7.85B	11.38B	12.19B	11.73B	13.12B	14.89B	14.5B	14.85B	15.5B
Depreciation & Amortization	3.61B	4.02B	4.68B	5.17B	5.4B	5.96B	6.42B	7.13B	6.83B
Stock-Based Compensation	209.3M	161M	205.7M	208.7M	387.6M	313.9M	333.36M	400.9M	0
Deferred Taxes	5.08B	1.79B	754.7M	1.76B	636.6M	-655.6M	253.8M	4.91B	-571.03M
Other Non-Cash Items	1.56B	1.01B	741.4M	-912.3M	358.1M	2.82B	3.5B	-1.02B	4.3B
Working Capital Changes	-435.2M	-446.6M	-184M	897.6M	3B	-2.68B	-296.1M	-165M	-1.62B
Change in Receivables	-265.64M	-149.22M	-721.93M	-848.79M	341.43M	-322.51M	-1.37B	220.44M	-312.89M
Change in Inventory	-63.8M	-1.17B	-844.1M	-1.3B	-3.5B	-3.09B	1.3B	-1.7B	-30.9M
Change in Payables	-105.78M	869.81M	1.38B	3.05B	6.16B	726.62M	-223.1M	0	-1.27B
Cash from Investing	-3.07B	-3.68B	-4.84B	-6.8B	-7.73B	-5B	-5.77B	-5.46B	-4.95B
Capital Expenditures	-3.2B	-3.57B	-5.07B	-4.69B	-7.68B	-6.53B	-6B	-4.75B	-4.59B
CapEx % of Revenue	6.69%	7.11%	9.75%	8.04%	10.54%	8.2%	7.53%	5.31%	5.2%
Acquisitions	-333.3M	-133.4M	107.3M	-431.5M	-133.3M	-3M	-46.5M	10.3M	75.61M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	188.1M	-49.1M	2.8M	108M	15.1M	149M	154.5M	164M	6.15M
Cash from Financing	-12.86B	-13.22B	-12.28B	-8.6B	-16.04B	-16.34B	-16.12B	-10.35B	-26.77B
Debt Issued (Net)	-2.55B	-641.99M	-1.94B	1.23B	-2.8B	-810.1M	-1.36B	-1.45B	-1.28B
Equity Issued (Net)	-38.6M	13.5M	-32.04M	-7.4M	-44.16M	-54.08M	-118.99M	-467.62M	-1.93B
Dividends Paid	-8.82B	-8.81B	-7.87B	-6.85B	-11.12B	-12.24B	-11.92B	-4.06B	-20.46B
Share Repurchases	-38.6M	0	-32.1M	-7.4M	-44.16M	-54.08M	-118.99M	-467.6M	-1.93B
Other Financing	-1.46B	-4.21B	-2.44B	-2.97B	-2.08B	-3.23B	-2.72B	-4.38B	-3.1B
Net Change in Cash	2.48B▲ 0%	1.11B▼ 55.1%	437.1M▼ 60.6%	5.19B▲ 1087.3%	-493.1M▼ 109.5%	-1.75B▼ 253.9%	1.21B▲ 169.2%	12.54B▲ 938.7%	-9.96B▼ 179.4%
Free Cash Flow	14.67B▲ 0%	14.34B▼ 2.3%	13.31B▼ 7.2%	14.16B▲ 6.4%	15.22B▲ 7.5%	14.11B▼ 7.3%	18.71B▲ 32.6%	21.35B▲ 14.1%	19.86B▼ 7.0%
FCF Margin %	30.63%	28.55%	25.6%	24.26%	20.9%	17.7%	23.46%	23.87%	22.51%
FCF Growth %	78.65%	-2.25%	-7.17%	6.39%	7.49%	-7.32%	32.59%	14.13%	-6.98%
FCF per Share	0.93	0.90	0.84	0.89	0.96	0.89	1.18	1.35	1.27
FCF Conversion (FCF/Net Income)	2.46x	1.63x	1.56x	1.66x	1.81x	1.43x	1.70x	1.81x	1.58x
Interest Paid	0	0	0	0	0	0	0	742.06M	0
Taxes Paid	0	0	0	0	0	0	0	0	0

ABEV Key Ratios

Ambev S.A. (ABEV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	25.87%	15.43%	20.94%	19.63%	16.53%	15.92%	17.28%	17.74%	16.07%	16.46%
Return on Invested Capital (ROIC)	30.37%	28.89%	28%	23.23%	20.55%	19.21%	18.58%	20.2%	23.03%	23.33%
Gross Margin	63.43%	62.36%	61.68%	58.32%	53.64%	51.05%	49.29%	50.72%	51.24%	51.42%
Net Margin	27.51%	15.18%	21.89%	22.65%	19.49%	17.39%	18.14%	18.19%	16.14%	17.57%
Debt / Equity	0.12x	0.10x	0.07x	0.05x	0.06x	0.04x	0.05x	0.04x	0.03x	0.06x
Interest Coverage	10.15x	3.50x	11.60x	31.96x	37.63x	10.89x	28.73x	30.86x	9.13x	20.68x
FCF Conversion	0.98x	2.46x	1.63x	1.56x	1.66x	1.81x	1.43x	1.70x	1.81x	1.58x
Revenue Growth	-2.39%	5.04%	4.87%	3.53%	12.26%	24.8%	9.41%	0.04%	12.18%	-1.35%

ABEV Frequently Asked Questions

Ambev S.A. (ABEV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ambev S.A. (ABEV) reported $88.24B in revenue for fiscal year 2025. This represents a 1581% increase from $5.25B in 2000.

Ambev S.A. (ABEV) saw revenue decline by 1.4% over the past year.

Yes, Ambev S.A. (ABEV) is profitable, generating $15.50B in net income for fiscal year 2025 (17.6% net margin).

Dividend & Returns

Yes, Ambev S.A. (ABEV) pays a dividend with a yield of 7.84%. This makes it attractive for income-focused investors.

Ambev S.A. (ABEV) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

Ambev S.A. (ABEV) generated $19.83B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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