Ambev S.A.(ABEV)Earnings, Financials & Key Ratios
ABEV•NYSE
16.1× P/E·Price updated Jun 19, 2026
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$29.15B+0.8%
- Net Income$15.5B+7.4%
- EPS (Diluted)0.99+8.8%
- Gross Margin51.42%+0.4%
- EBITDA Margin33.04%+2.2%
- Operating Margin25.3%+3.8%
- Net Margin17.57%+8.9%
- ROE16.46%+2.5%
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.
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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-3.78%
Profit CAGR
10 Years2.24%
5 Years6.38%
3 Years2.35%
TTM7.95%
EPS CAGR
10 Years2.41%
5 Years6.58%
3 Years2.85%
TTM8.79%
Return on Capital
10 Years22.49%
5 Years19.54%
3 Years20.64%
Last Year20.7%
ABEV Recent Earnings
Ambev S.A. (ABEV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.05+0.0%
$0.05
Rev
$4.6B+4.2%
$4.4B
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.05+0.0%
$0.05
Rev
$5.2B+13.1%
$4.6B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.04+0.0%
$0.04
Rev
$3.9B-18.1%
$4.8B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.03+0.0%
$0.03
Rev
$3.7B-11.0%
$4.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.05vs $0.05+0.0% | $4.6Bvs $4.4B+4.2% |
| 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 →
ABEV Peer Comparison
Ambev S.A. (ABEV) competitors in Beer Brewers and Bottlers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BUD | 138.94B | 80.74 | 28.23 | 0.65% | 10.49% | 13.75% | 0.81 | |
 TAP | 7.4B | 39.40 | -3.63 | -4.18% | -18.85% | -18.64% | 0.60 | |
 SAM | 1.89B | 176.11 | 17.81 | 3.69% | -2.92% | -7.3% | 0.04 | |
 KO | 341.71B | 79.39 | 26.12 | 1.87% | 27.8% | 41.06% | 1.33 | |
 PEP | 194.09B | 142.02 | 23.67 | 2.25% | 8.77% | 40.1% | 2.43 | |
 MNST | 89.33B | 91.34 | 47.08 | 10.7% | 23.11% | 25.46% | ||
 CELH | 7.87B | 30.80 | 123.20 | 85.54% | 5.85% | 7.51% | 0.23 | |
 FIZZ | 3.4B | 36.29 | 18.24 | 0.81% | 15.55% | 39.28% | 0.16 |
Compare ABEV vs Peers
Ambev S.A. (ABEV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ABEV Income Statement
Ambev S.A. (ABEV) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 47.9B | 50.23B | 52.01B | 58.38B | 72.85B | 79.71B | 79.74B | 89.45B | 88.24B | 88.21B |
Revenue Growth % | 5.04% | 4.87% | 3.53% | 12.26% | 24.8% | 9.41% | 0.04% | 12.18% | -1.35% | -3.78% |
Cost of Goods Sold | 18.03B | 19.25B | 21.68B | 27.07B | 35.66B | 40.42B | 39.29B | 43.62B | 42.86B | 42.8B |
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% | 45.41B▲ 0% |
Gross Margin % | 62.36% | 61.68% | 58.32% | 53.64% | 51.05% | 49.29% | 50.72% | 51.24% | 51.42% | 51.48% |
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 | 23.06B | 21.44B |
OpEx % of Revenue | 27.81% | 27.53% | 27.41% | 26.28% | 27.61% | 27.1% | 27.11% | 26.87% | 26.13% | - |
Selling, General & Admin | 14.43B | 14.69B | 15.33B | 17.57B | 21.85B | 23.97B | 23.44B | 26.39B | 25.14B | 24.94B |
SG&A % of Revenue | 30.12% | 29.25% | 29.47% | 30.09% | 29.99% | 30.07% | 29.39% | 29.5% | 28.49% | - |
Research & Development | 0 | 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 | -2.08B | -4M |
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% | 22.32B▲ 2.4% | 23.97B▲ 0% |
Operating Margin % | 34.56% | 34.14% | 30.91% | 27.36% | 23.44% | 22.19% | 23.62% | 24.37% | 25.3% | 27.17% |
Operating Income Growth % | -3.23% | 3.62% | -6.27% | -0.64% | 6.94% | 3.56% | 6.46% | 15.78% | 2.39% | - |
EBITDA | 20.59B | 21.6B | 20.75B | 21.14B | 22.48B | 23.64B | 25.25B | 28.93B | 29.15B | 30.69B |
EBITDA Margin % | 42.98% | 43% | 39.9% | 36.21% | 30.85% | 29.66% | 31.67% | 32.34% | 33.04% | 34.79% |
EBITDA Growth % | -0.14% | 4.91% | -3.93% | 1.88% | 6.33% | 5.19% | 6.79% | 14.57% | 0.78% | 2.86% |
D&A (Non-Cash Add-back) | 4.04B | 4.45B | 4.68B | 5.17B | 5.4B | 5.96B | 6.42B | 7.13B | 6.83B | 6.72B |
EBIT | 14.94B | 14.85B | 14.77B | 15.61B | 15.6B | 17.13B | 17.85B | 21.89B | 22.14B | 22.25B |
Net Interest Income | -3.22B | -2.69B | -191.33M | 20.54M | -287.73M | -176.38M | -160.88M | -774.3M | -1.32B | -1.54B |
Interest Income | 774.4M | 454M | 270.73M | 435.33M | 1.14B | 419.72M | 417.55M | 1.62B | 1.4B | 1.21B |
Interest Expense | 4.27B | 1.28B | 462.06M | 414.78M | 1.43B | 596.1M | 578.43M | 2.4B | 2.72B | 2.75B |
Other Income/Expense | -3.72B | -4.03B | -3.13B | -2.48B | -3.32B | -3.45B | -3.8B | -2.31B | -2.9B | -4.47B |
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% | 19.5B▲ 0% |
Pretax Margin % | 26.8% | 26.12% | 24.89% | 23.12% | 18.89% | 17.86% | 18.86% | 21.79% | 22.01% | 22.1% |
Income Tax | 5.05B | 1.77B | 754.7M | 1.76B | 636.6M | -655.6M | 75.5M | 4.64B | 3.43B | 3.43B |
Effective Tax Rate % | 39.33% | 13.52% | 5.83% | 13.06% | 4.63% | -4.61% | 0.5% | 23.81% | 17.68% | 17.58% |
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% | 15.58B▲ 0% |
Net Margin % | 15.18% | 21.89% | 22.65% | 19.49% | 17.39% | 18.14% | 18.19% | 16.14% | 17.57% | 17.66% |
Net Income Growth % | -42.06% | 51.26% | 7.14% | -3.4% | 11.35% | 14.1% | 0.3% | -0.45% | 7.39% | 7.95% |
Net Income (Continuing) | 7.79B | 11.35B | 12.19B | 11.73B | 13.12B | 14.89B | 14.96B | 14.85B | 15.99B | 16.07B |
Discontinued Operations | 0 | 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 | 697.87M |
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% | 0.99▲ 0% |
EPS Growth % | -40.51% | 48.94% | 5.71% | -2.7% | 11.11% | 13.75% | 1.1% | -1.09% | 8.79% | 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 | 15.67B |
Basic Shares Outstanding | 15.71B | 15.72B | 15.73B | 15.73B | 15.74B | 15.74B | 15.84B | 15.81B | 15.62B | 15.61B |
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
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 24.72B | 25.33B | 27.62B | 35.34B | 38.63B | 37.82B | 36.56B | 54.16B | 43.88B | 42.83B |
Cash & Short-Term Investments | 10.35B | 11.48B | 11.92B | 18.79B | 18.54B | 15.38B | 16.34B | 29.84B | 20.32B | 19.64B |
Cash Only | 10.35B | 11.46B | 11.9B | 17.09B | 16.63B | 14.93B | 16.06B | 28.6B | 18.64B | 17.99B |
Short-Term Investments | 0 | 13.4M | 14.6M | 1.7B | 1.91B | 454.5M | 277.2M | 1.24B | 1.68B | 1.65B |
Accounts Receivable | 7.96B | 7.03B | 8.57B | 4.3B | 4.79B | 8.2B | 9.18B | 9.85B | 10.23B | 8.83B |
Days Sales Outstanding | 60.66 | 51.07 | 60.15 | 26.9 | 24.01 | 37.56 | 42.01 | 40.2 | 42.31 | 38.03 |
Inventory | 4.32B | 5.4B | 5.98B | 7.61B | 11B | 12.92B | 9.62B | 11.69B | 10.52B | 10.4B |
Days Inventory Outstanding | 87.44 | 102.43 | 100.66 | 102.57 | 112.6 | 116.69 | 89.36 | 97.83 | 89.58 | 91.13 |
Other Current Assets | 1.51B | 1.42B | 1.16B | 4.64B | 4.29B | 1.31B | 1.43B | 2.78B | 2.09B | 3.97B |
Total Non-Current Assets | 62.13B | 68.8B | 74.12B | 89.85B | 99.98B | 100.14B | 96.08B | 108.35B | 104.24B | 99.93B |
Property, Plant & Equipment | 18.82B | 20.1B | 22.58B | 24.77B | 29.22B | 30.06B | 26.63B | 30.17B | 27.64B | 26.39B |
Fixed Asset Turnover | 2.54x | 2.50x | 2.30x | 2.36x | 2.49x | 2.65x | 2.99x | 2.96x | 3.19x | 3.27x |
Goodwill | 31.4B | 34.28B | 35.01B | 40.02B | 42.41B | 40.59B | 38B | 44.34B | 41.54B | 40.86B |
Intangible Assets | 4.67B | 5.84B | 6.31B | 7.58B | 8.69B | 9.22B | 10.04B | 12.53B | 11.04B | 11.01B |
Long-Term Investments | 360M | 404.4M | 467M | 551.3M | 498.1M | 551M | 531.3M | 579.9M | 1.26B | 3.34B |
Other Non-Current Assets | 6.65B | 6.16B | 6.81B | 12.37B | 14.42B | 13.28B | 12.9B | 20.73B | 11.32B | 12.13B |
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% | 142.76B▲ 0% |
Asset Turnover | 0.55x | 0.53x | 0.51x | 0.47x | 0.53x | 0.58x | 0.60x | 0.55x | 0.60x | 0.61x |
Asset Growth % | 3.59% | 8.38% | 8.09% | 23.05% | 10.71% | -0.46% | -3.85% | 22.51% | -8.86% | -17.27% |
Total Current Liabilities | 29.07B | 25.21B | 25.01B | 33.48B | 38.87B | 40.54B | 41.01B | 49.39B | 45.6B | 41.66B |
Accounts Payable | 11.85B | 14.05B | 15.07B | 19.34B | 25.08B | 24.33B | 23.2B | 25.22B | 22.6B | 22.21B |
Days Payables Outstanding | 239.99 | 266.41 | 253.73 | 260.8 | 256.69 | 219.68 | 215.47 | 211.09 | 192.41 | 179.11 |
Short-Term Debt | 1.7B | 1.53B | 217.1M | 2.33B | 224.6M | 273.3M | 151.2M | 163.6M | 1.17B | 144.2M |
Deferred Revenue (Current) | 0 | 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 | 6.18B |
Current Ratio | 0.85x | 1.00x | 1.10x | 1.06x | 0.99x | 0.93x | 0.89x | 1.10x | 0.96x | 1.03x |
Quick Ratio | 0.70x | 0.79x | 0.87x | 0.83x | 0.71x | 0.61x | 0.66x | 0.86x | 0.73x | 0.78x |
Cash Conversion Cycle | -91.9 | -112.92 | -92.92 | -131.33 | -120.09 | -65.43 | -84.11 | -73.06 | -60.52 | -49.96 |
Total Non-Current Liabilities | 11.78B | 13.05B | 14.18B | 16.57B | 15.72B | 14.09B | 11.5B | 13.54B | 13.74B | 10.27B |
Long-Term Debt | 2.83B | 850.7M | 697.8M | 338.4M | 267.2M | 454.3M | 391M | 324M | 2.22B | 234.23M |
Capital Lease Obligations | 24.7M | 1.31B | 1.71B | 1.72B | 1.99B | 2.33B | 1.81B | 1.85B | 1.96B | 7.07B |
Deferred Tax Liabilities | 2.33B | 2.42B | 2.37B | 3.04B | 3.21B | 3.73B | 3.32B | 5.01B | 6.94B | 19.24B |
Other Non-Current Liabilities | 6.59B | 8.46B | 9.4B | 11.47B | 10.25B | 7.58B | 5.97B | 6.35B | 2.62B | 4.2B |
Total Liabilities | 40.85B | 38.26B | 39.19B | 50.05B | 54.58B | 54.63B | 52.5B | 62.93B | 59.34B | 51.94B |
Total Debt | 4.57B | 4.1B | 3.06B | 4.79B | 3.13B | 3.85B | 3.5B | 3.45B | 5.35B | 3.11B |
Net Debt | -5.79B | -7.36B | -8.84B | -12.3B | -13.5B | -11.08B | -12.56B | -25.14B | -13.29B | -14.89B |
Debt / Equity | 0.10x | 0.07x | 0.05x | 0.06x | 0.04x | 0.05x | 0.04x | 0.03x | 0.06x | 0.03x |
Debt / EBITDA | 0.22x | 0.19x | 0.15x | 0.23x | 0.14x | 0.16x | 0.14x | 0.12x | 0.18x | 0.10x |
Net Debt / EBITDA | -0.28x | -0.34x | -0.43x | -0.58x | -0.60x | -0.47x | -0.50x | -0.87x | -0.46x | -0.49x |
Interest Coverage | 3.50x | 11.60x | 31.96x | 37.63x | 10.89x | 28.73x | 30.86x | 9.13x | 8.14x | 8.09x |
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% | 90.82B▲ 0% |
Equity Growth % | 1.96% | 20.79% | 8.88% | 20.13% | 11.8% | -0.82% | -3.82% | 24.25% | -10.85% | -24.89% |
Book Value per Share | 3.03 | 3.62 | 3.94 | 4.74 | 5.30 | 5.26 | 5.06 | 6.30 | 5.66 | 5.79 |
Total Shareholders' Equity | 45.59B | 56.25B | 61.28B | 73.82B | 82.64B | 81.96B | 78.97B | 98.64B | 87.91B | 90.13B |
Common Stock | 57.61B | 57.71B | 57.87B | 57.9B | 58.04B | 58.13B | 58.18B | 58.23B | 58.28B | 58.31B |
Retained Earnings | -355.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.04B | 4.31B |
Treasury Stock | 0 | 0 | -955.2M | -941.7M | 0 | 0 | 0 | 0 | -2.95B | 0 |
Accumulated OCI | 63.3B | 70.12B | 75.69B | 80.91B | 86.38B | 92.25B | 98.67B | 108.97B | 14.55B | 107.65B |
Minority Interest | 1.97B | 1.21B | 1.28B | 1.34B | 1.37B | 1.37B | 1.17B | 938.4M | 860.74M | 697.87M |
ABEV Cash Flow Statement
Ambev S.A. (ABEV) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 17.87B | 17.91B | 18.38B | 18.86B | 22.9B | 20.64B | 24.71B | 26.1B | 24.45B | 26.38B |
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% | 133.93% |
Net Income | 7.85B | 11.38B | 12.19B | 11.73B | 13.12B | 14.89B | 14.5B | 14.85B | 15.5B | 15.58B |
Depreciation & Amortization | 3.61B | 4.02B | 4.68B | 5.17B | 5.4B | 5.96B | 6.42B | 7.13B | 6.83B | 6.72B |
Stock-Based Compensation | 209.3M | 161M | 205.7M | 208.7M | 387.6M | 313.9M | 333.36M | 400.9M | 0 | 300.22M |
Deferred Taxes | 5.08B | 1.79B | 754.7M | 1.76B | 636.6M | -655.6M | 253.8M | 4.91B | -571.03M | 2.73B |
Other Non-Cash Items | 1.56B | 1.01B | 741.4M | -912.3M | 358.1M | 2.82B | 3.5B | -1.02B | 4.3B | 1.6B |
Working Capital Changes | -435.2M | -446.6M | -184M | 897.6M | 3B | -2.68B | -296.1M | -165M | -1.62B | -855.87M |
Change in Receivables | -265.64M | -149.22M | -721.93M | -848.79M | 341.43M | -322.51M | -1.37B | 220.44M | -312.89M | -1.05B |
Change in Inventory | -63.8M | -1.17B | -844.1M | -1.3B | -3.5B | -3.09B | 1.3B | -1.7B | -30.9M | 738.78M |
Change in Payables | -105.78M | 869.81M | 1.38B | 3.05B | 6.16B | 726.62M | -223.1M | 0 | -1.27B | 5.39B |
Cash from Investing | -3.07B | -3.68B | -4.84B | -6.8B | -7.73B | -5B | -5.77B | -5.46B | -4.95B | -6.58B |
Capital Expenditures | -3.2B | -3.57B | -5.07B | -4.69B | -7.68B | -6.53B | -6B | -4.75B | -4.59B | -4.23B |
CapEx % of Revenue | 6.69% | 7.11% | 9.75% | 8.04% | 10.54% | 8.2% | 7.53% | 5.31% | 5.2% | 4.79% |
Acquisitions | -333.3M | -133.4M | 107.3M | -431.5M | -133.3M | -3M | -46.5M | 10.3M | 75.61M | -2.01B |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 188.1M | -49.1M | 2.8M | 108M | 15.1M | 149M | 154.5M | 164M | 6.15M | 203.31M |
Cash from Financing | -12.86B | -13.22B | -12.28B | -8.6B | -16.04B | -16.34B | -16.12B | -10.35B | -26.77B | -19.12B |
Debt Issued (Net) | -2.55B | -641.99M | -1.94B | 1.23B | -2.8B | -810.1M | -1.36B | -1.45B | -1.28B | -1.25B |
Equity Issued (Net) | -38.6M | 13.5M | -32.04M | -7.4M | -44.16M | -54.08M | -118.99M | -467.62M | -1.93B | -1.27B |
Dividends Paid | -8.82B | -8.81B | -7.87B | -6.85B | -11.12B | -12.24B | -11.92B | -4.06B | -20.46B | -13.85B |
Share Repurchases | -38.6M | 0 | -32.1M | -7.4M | -44.16M | -54.08M | -118.99M | -467.6M | -1.93B | -1.28B |
Other Financing | -1.46B | -4.21B | -2.44B | -2.97B | -2.08B | -3.23B | -2.72B | -4.38B | -3.1B | -2.75B |
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% | -1.13B▲ 0% |
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% | 22.15B▲ 0% |
FCF Margin % | 30.63% | 28.55% | 25.6% | 24.26% | 20.9% | 17.7% | 23.46% | 23.87% | 22.51% | 25.11% |
FCF Growth % | 78.65% | -2.25% | -7.17% | 6.39% | 7.49% | -7.32% | 32.59% | 14.13% | -6.98% | 0.59% |
FCF per Share | 0.93 | 0.90 | 0.84 | 0.89 | 0.96 | 0.89 | 1.18 | 1.35 | 1.27 | 1.41 |
FCF Conversion (FCF/Net Income) | 2.46x | 1.63x | 1.56x | 1.66x | 1.81x | 1.43x | 1.70x | 1.81x | 1.58x | 1.42x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 742.06M | 0 | 0 |
Taxes Paid | 0 | 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 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 15.43% | 20.94% | 19.63% | 16.53% | 15.92% | 17.28% | 17.74% | 16.07% | 16.46% | 17.05% |
Return on Invested Capital (ROIC) | 28.89% | 28% | 23.23% | 20.55% | 19.21% | 18.58% | 20.2% | 23.03% | 22.33% | 23.29% |
Gross Margin | 62.36% | 61.68% | 58.32% | 53.64% | 51.05% | 49.29% | 50.72% | 51.24% | 51.42% | 51.48% |
Net Margin | 15.18% | 21.89% | 22.65% | 19.49% | 17.39% | 18.14% | 18.19% | 16.14% | 17.57% | 17.66% |
Debt / Equity | 0.10x | 0.07x | 0.05x | 0.06x | 0.04x | 0.05x | 0.04x | 0.03x | 0.06x | 0.03x |
Interest Coverage | 3.50x | 11.60x | 31.96x | 37.63x | 10.89x | 28.73x | 30.86x | 9.13x | 8.14x | 8.09x |
FCF Conversion | 2.46x | 1.63x | 1.56x | 1.66x | 1.81x | 1.43x | 1.70x | 1.81x | 1.58x | 1.42x |
Revenue Growth | 5.04% | 4.87% | 3.53% | 12.26% | 24.8% | 9.41% | 0.04% | 12.18% | -1.35% | -3.78% |
Related:ABEV Dividend History·ABEV Revenue History·ABEV Price History·ABEV P/E History·ABEV Financial Ratios·ABEV Institutional Holders
ABEV Frequently Asked Questions
Ambev S.A. (ABEV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Ambev S.A. (ABEV) reported $88.21B in revenue for fiscal year 2025. This represents a 1580% 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 $15.58B 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 8.17%. 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 $22.15B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.