Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV

83.67
USD
+2.52
(+3.11%)
5.71EPS
14.87P/E
146.43BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
26.44
28.51
26.03
26.24
27.55
26.59
26.11
23.39
26.78
28.42
29.16
29.54
29.6
32.03
Basic EPS, GAAP
8.81
5.58
5
0.72
4.01
2.19
4.58
0.7
2.3
2.94
2.62
2.89
3.41
4.94
Free Cash Flow per Basic Share
6.12
5.91
5.66
2.96
5.14
5.04
4.42
3.55
4.52
4
4.24
5.53
5.6
- -
Dividend per Share
3.83
4.48
4.81
4.87
4.66
3.89
2.5
0.9
1.17
1.2
1.48
1.32
2.27
- -
Book Value per Share
31.04
30.78
25.97
36.51
37.15
32.63
38.26
34.14
34.31
36.63
40.84
39.21
44.29
- -
Tangible Book Value per Share
-30.14
-31.23
-32.42
-55.95
-58.48
-57.51
-47.92
-47.42
-43.75
-39.83
-38.16
-36.22
-36.84
- -
Basic Weighted Avg Shares
1,633
1,651
1,655
1,734
1,991
1,995
2,004
2,004
2,027
2,034
2,037
2,023
2,004
1,998
Sales/Revenue/Turnover
43,195
47,063
43,064
45,517
54,859
53,041
52,329
46,881
54,304
57,786
59,380
59,768
59,320
63,994
Operating Margin (%)
31.73
31.23
31.08
28.39
30.12
31.19
30.13
26.89
26.16
25.03
24.27
25.55
26.38
26.98
Depreciation Expense
2,985
3,353
3,153
3,477
4,625
4,624
4,657
4,829
5,052
5,078
5,411
5,544
5,652
- -
Net Income, GAAP
14,394
9,216
8,273
1,241
7,990
4,370
9,171
1,405
4,670
5,969
5,341
5,855
6,837
9,870
Effective Tax Rate (%)
10.88
18.11
20.82
37.22
16.15
33.39
21.81
92.93
27.77
20.24
24.48
29.83
25.16
22.82
Profit Margin (%)
33.32
19.58
19.21
2.73
14.56
8.24
17.53
3
8.6
10.33
8.99
9.8
11.53
15.42
Working Capital
-6,937
-8,667
-10,162
2,648
-12,665
-16,545
-6,027
-5,833
-10,235
-11,197
-13,789
-10,067
-9,706
- -
LT Debt
41,274
43,630
43,541
113,941
110,637
106,997
97,564
95,479
87,369
78,880
74,164
70,721
72,129
- -
Total Equity
55,308
54,257
45,719
81,425
80,200
71,889
84,553
78,351
79,340
84,278
92,676
88,700
97,736
- -
Return on Invested Capital (%)
18.31
11.51
10.72
5.25
6.71
5.64
6.64
0.37
5.66
6.8
6.13
6.38
6.78
- -
Return on Capital (%)
14.95
8.71
8.44
1.84
5.52
3.2
6.29
0.51
3.66
4.71
4.28
4.34
4.88
- -
Return on Common Equity (%)
31.46
18.37
17.96
2.19
11.1
6.38
13.08
1.95
6.83
8.4
6.88
7.31
8.26
- -

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
- -
3,410
- -
LT Borrowings
- -
67,301
- -
LT Finance Leases
- -
1,606
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,998
1,992
1,993
Market Capitalization
138,611
164,112
146,433

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
- -
22,242
- -
Cash, Cash Equivalents & STI
- -
7,906
- -
Accounts Receivable, Net
- -
5,136
- -
Inventories
- -
5,528
- -
Total Current Liabilities
- -
33,476
- -
Payables & Accruals
- -
25,840
- -
ST Debt
- -
3,410
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.99%
4.67%
10.19%
Free Cash Flow
7.46%
10.74%
0.31%
Net Income, GAAP
71.48%
55.21%
16.77%
Sales/Revenue/Turnover
3.61%
4.98%
-0.75%
Total Cash Common Dividend
1.67%
23.34%
70.02%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,547
15,333
15,046
14,841
59,768
2025
13,628
15,004
15,133
15,555
59,320
2026
15,267
16,660
16,512
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.54
0.73
1.02
0.6
2.89
2025
1.07
0.83
0.52
0.98
3.41
2026
1.28
1.88
0.8
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.32
2025
- -
- -
- -
- -
2.27
2026
- -
- -
- -
- -
- -

Company Description

CEO
Michel Dimitrios Doukeris
Full Time Employees
136,805
Sector
Consumer non-durables
Industry
Beverages: alcoholic
Address
Brouwerijplein 1 Leuven BU Belgium 3000
IPO Date
Oct 4, 2016
Business
Anheuser-Busch InBev SA/NV produces, markets, distributes, and sells beer, alcoholic beverages, and non-alcoholic drinks worldwide. Tracing its brewing heritage to 1366 with the establishment of the Den Hoorn brewery in Leuven, Belgium, and corporate lineage to the 1852 founding of the Bavarian Brewery (later Anheuser-Busch) in St. Louis, Missouri, the contemporary multinational enterprise was established through the 2008 combination of InBev and Anheuser-Busch, followed by the acquisition of SABMiller in 2016. The company is headquartered in Leuven, Belgium, and maintains its primary equity listing on Euronext Brussels under ticker ABI, with American Depositary Receipts listed on the New York Stock Exchange and secondary listings on the Johannesburg Stock Exchange and the Mexican Stock Exchange. The company manages its global operations through six main business segments: North America, Middle Americas, South America, Europe, Middle East and Africa (EMEA), Asia Pacific, and Global Export and Holding Companies. Its commercial and production footprint extends across more than 150 countries, supported by an extensive network of breweries, malting sites, agricultural facilities, and packaging plants. Operations are conducted directly and via major publicly traded and regional operating subsidiaries, including Ambev S.A. in Latin America, Budweiser Brewing Company APAC Limited in the Asia-Pacific region, Grupo Modelo in Mexico, and Anheuser-Busch Companies, LLC in the United States. The company distributes its products to wholesalers, retail grocers, convenience chains, e-commerce channels, bars, restaurants, and hospitality venues. The company's core product and service portfolio comprises: global flagship beer brands, including Budweiser, Stella Artois, and Corona; multi-country international beer brands, consisting of Beck's, Leffe, Hoegaarden, and Michelob ULTRA; local champion beer brands tailored to individual regional markets, such as Brahma, Skol, and Antarctica in Brazil, Modelo Especial and Victoria in Mexico, Harbin and Sedrin in China, Cass and Hanmac in South Korea, Carling Black Label and Castle Lager in South Africa, Quilmes in Argentina, Jupiler in Belgium, and Aguila in Colombia; non-alcoholic and low-alcohol beverages, featuring Corona Cero, Budweiser Zero, Stella Artois 0.0, Hoegaarden 0.0, and regional soft drinks and malt tonics; Beyond Beer and ready-to-drink (RTD) alcoholic beverages, comprising canned spirits cocktails, flavored malt beverages, and hard seltzers under brands such as Cutwater Spirits, Nütrl Vodka Seltzer, BeatBox Beverages, and Mike's Hard Lemonade; proprietary digital business-to-business (B2B) e-commerce platforms, notably the BEES digital ecosystem, which provides ordering, logistics tracking, and third-party marketplace services for millions of small-to-medium retail merchants; and direct-to-consumer (D2C) beverage delivery platforms, including digital fulfillment networks Ze Delivery in Brazil and TaDa Delivery across Latin America. In recent operational and corporate developments, Anheuser-Busch InBev has expanded its core global commercial partnerships and realigned its asset base to drive premiumization, digital marketplace expansion, and portfolio diversification. The company secured a major global partnership with the International Olympic Committee as a Worldwide Olympic Partner through 2028, highlighting its zero-alcohol brand Corona Cero across the Olympic and Paralympic Games, while expanding its global sponsorship and exclusive pouring agreements with FIFA for the FIFA World Cup 2026 and the International Cricket Council for global tournaments. In portfolio management, the company expanded its Beyond Beer segment through the strategic acquisition of ready-to-drink brand BeatBox Beverages, complementing previous divestitures of select non-core regional craft brewing assets to Tilray Brands to optimize marketing allocation around key megabrands. Operationally, the company repurchased equity stakes in several U.S. metal container and can-manufacturing facilities to reassert direct operational control over its packaging supply chain and mitigate cost volatility. In digital infrastructure, the company expanded the gross merchandise value and merchant adoption of its BEES platform by scaling third-party marketplace offerings. Financially and structurally, AB InBev executed targeted multi-billion-dollar debt paydowns and share buyback programs to strengthen its investment-grade capital structure, alongside executive leadership transitions across its North American zone to reinforce commercial execution, retail shelf distribution, and brand recovery initiatives.

Company News

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  • AB InBev Reports Third Quarter 2026 Results

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  • AB InBev's Q3 Earnings on Deck: What Surprise Awaits Investors?

  • How AGI Could Stir Up the Beverage Industry

  • Wall Street's Insights Into Key Metrics Ahead of Anheuser-Busch Inbev (BUD) Q3 Earnings

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  • AB InBev's U.S. Beyond Beer Sales Surge in Q2: Can the Momentum Last?

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