Last 23 quarters of trend data · Consumer Defensive · Beverages - Alcoholic
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Anheuser-Busch InBev SA/NV's quarterly P/E stands at 12.4x, down 14.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 56.2% YoY to 3.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.23 | 12.42 | 7.63 | 11.45 | 9.67 | 14.47 | 7.08 | 10.97 | 11.73 | 14.64 | 10.59 | — | 13.06 |
| — | -14.2% | +7.8% | +4.4% | -17.6% | -1.1% | -33.2% | — | -10.2% | +103.1% | -53.6% | — | +20.8% | |
| P/S Ratio | 2.32 | 1.39 | 0.84 | 0.99 | 1.08 | 0.98 | 1.01 | 0.97 | 1.07 | 1.40 | 1.36 | 1.14 | 1.52 |
| — | +42.2% | -17.3% | +2.7% | +1.6% | -30.3% | -25.1% | -15.1% | -29.7% | -17.6% | +13.1% | -37.7% | -19.2% | |
| P/B Ratio | 1.86 | 1.82 | 1.13 | 1.33 | 1.41 | 1.29 | 1.43 | 1.31 | 1.53 | 1.82 | 1.77 | 1.42 | 1.90 |
| — | +41.3% | -21.1% | +1.5% | -8.2% | -29.0% | -19.0% | -7.7% | -19.5% | -19.1% | -2.3% | -45.9% | -30.7% | |
| P/FCF | 12.41 | 31.75 | 2.42 | 35.71 | 1.65 | — | 33.71 | 114.50 | 6.63 | 7.89 | — | — | 9.78 |
| — | — | -92.8% | -68.8% | -75.1% | — | — | — | -32.2% | -26.0% | — | — | -5.1% | |
| EV / EBITDA | 9.51 | 3.49 | 4.99 | 7.11 | 6.83 | 7.98 | 6.04 | 8.01 | 7.79 | 8.80 | 7.16 | — | 6.15 |
| — | -56.2% | -17.4% | -11.2% | -12.2% | -9.3% | -15.7% | — | +26.5% | +28.9% | -28.6% | — | -31.3% | |
| EV / EBIT | 12.91 | 7.42 | 4.99 | 7.11 | 6.83 | 7.98 | 6.04 | 8.01 | 7.79 | 8.80 | 7.16 | — | 6.15 |
| — | -7.0% | -17.4% | -11.2% | -12.2% | -9.3% | -15.7% | — | +26.5% | +28.9% | -28.6% | — | -31.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Anheuser-Busch InBev SA/NV's operating margin was 50.0% in Q2 2025, up 23.5 pp QoQ and up 25.9 pp YoY. This marks the 5th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 31.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 4.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.3% | 56.3% | 55.4% | 55.1% | 53.9% | 53.9% | 54.6% | 54.4% | 57.4% | 57.6% | 58.8% | 57.3% | 60.7% |
| — | +4.5% | +1.6% | +1.3% | -6.1% | -6.4% | -7.2% | -5.1% | -5.5% | -6.3% | -6.6% | -8.2% | -4.4% | |
| Operating Margin | 25.9% | 50.0% | 26.6% | 25.3% | 25.0% | 24.1% | 25.8% | 25.0% | 24.8% | 25.4% | 17.7% | 10.8% | 30.5% |
| — | +107.5% | +3.2% | +1.0% | +1.0% | -4.9% | +45.8% | +131.0% | -18.7% | -20.0% | -43.7% | -64.1% | -3.8% | |
| Net Margin | 9.8% | 11.2% | 11.0% | 8.6% | 11.2% | 6.7% | 14.4% | 6.0% | 7.8% | 9.5% | 12.9% | -8.9% | 11.8% |
| — | +65.7% | -23.4% | +42.1% | +44.0% | -29.1% | +11.3% | +167.6% | -33.9% | -59.4% | +147.8% | -181.9% | -32.2% |
| Metric | TTM | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 3.7% | 3.7% | 2.8% | 3.7% | 2.3% | 5.1% | 2.1% | 2.8% | 3.1% | 4.5% | -2.5% | 3.8% |
| — | +62.8% | -27.8% | +35.0% | +33.1% | -26.6% | +13.7% | +184.0% | -27.3% | -61.4% | +134.6% | -165.5% | -38.4% | |
| ROA | 2.7% | 1.6% | 1.6% | 1.2% | 1.5% | 0.9% | 2.0% | 0.8% | 1.0% | 1.1% | 1.5% | -0.8% | 1.3% |
| — | +74.2% | -21.6% | +51.5% | +51.8% | -16.8% | +37.5% | +195.6% | -22.6% | -57.1% | +142.5% | -167.3% | -35.6% | |
| ROIC | 7.5% | 7.3% | 3.8% | 3.5% | 3.5% | 3.3% | 3.7% | 3.3% | 3.3% | 3.0% | 2.1% | 1.0% | 3.3% |
| — | +117.5% | +4.9% | +5.9% | +5.3% | +10.7% | +71.9% | +224.2% | -0.8% | -12.0% | -40.1% | -68.9% | -8.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Anheuser-Busch InBev SA/NV's Debt/EBITDA ratio is 4.5x, down from 8.9x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.81 | 0.83 | 0.81 | 0.88 | 0.84 | 0.91 | 0.95 | 1.01 | 1.12 | 1.14 | 1.26 | 1.65 | 1.22 |
| — | -9.3% | -14.3% | -13.1% | -24.7% | -20.0% | -24.6% | -38.8% | -8.1% | -21.1% | -17.7% | +6.5% | -16.1% | |
| Debt / EBITDA | 3.43 | 4.49 | 8.93 | 11.73 | 10.78 | 13.70 | 10.12 | 14.45 | 13.95 | 13.97 | 12.72 | — | 9.88 |
| — | -67.2% | -11.8% | -18.8% | -22.7% | -2.0% | -20.4% | — | +41.2% | +27.1% | -32.8% | — | -22.8% | |
| Current Ratio | 0.70 | 0.64 | 0.70 | 0.69 | 0.63 | 0.64 | 0.67 | 0.67 | 0.70 | 0.65 | 0.82 | 1.17 | 0.83 |
| — | +1.0% | +3.1% | +2.6% | -10.2% | -1.9% | -17.7% | -42.5% | -15.3% | +20.5% | +54.5% | +75.1% | +25.0% | |
| Quick Ratio | 0.54 | 0.48 | 0.54 | 0.51 | 0.48 | 0.43 | 0.48 | 0.47 | 0.55 | 0.47 | 0.68 | 1.03 | 0.70 |
| — | +10.0% | +12.2% | +6.9% | -12.3% | -7.8% | -29.2% | -54.1% | -22.3% | +13.9% | +66.3% | +94.4% | +27.6% | |
| Interest Coverage | 3.47 | 3.91 | 2.72 | 4.89 | 2.14 | 5.70 | 5.58 | 2.16 | 2.17 | 2.01 | 1.28 | 1.92 | 2.24 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying BUD stock.
Anheuser-Busch InBev SA/NV's current P/E is 28.2x. The average P/E over the last 4 quarters is 10.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Anheuser-Busch InBev SA/NV's current operating margin is 25.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Anheuser-Busch InBev SA/NV's business trajectory between earnings reports.