BUD

Anheuser-Busch INBEV SA/NV
D

BUD

Arincen67/100B

If you had invested in Anheuser-Busch INBEV SA/NV ago, it would be worth $955 today, against $4,111 in SPY and $6,388 in QQQ.

ArincenArincen ScoreBeta

67/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Anheuser-Busch INBEV SA key facts

Style
Value stock · 7.5/10Growth 6.7 · Value 7.5 · Dividend 1.5
Day range
83.410 – 84.240
52-week range
59.900 – 86.600
Market capitalization
165.54B USD
P/E
21.02
PEG ratio
1.36
EPS
4.00
Div Yield
0.64%
EPS growth forecast (FY2027)
+64.3%
Volume
0
Beta
0.79
ESG score
68.1/100Environment 73 · Social 70 · Governance 61
Sector
Consumer Defensive
Industry
Beverages - Alcoholic
CEO
Michel Dimitrios Doukeris
Employees
137K
IPO date
1 Jul 2009

Anheuser-Busch INBEV SA earnings

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
H2 FY20261.080.81-25.00%-18.18%15.85B16.51B+4.18%-44.97%
H1 FY20261.141.21+6.14%+49.38%16.41B31.93B+94.55%+6.83%
H1 FY20260.900.97+7.78%+19.75%14.69B30.61B+108.39%+2.41%
H2 FY20250.970.99+2.06%+1.02%15.60B30.01B+92.42%+0.43%
H1 FY20250.770.81+5.19%+8.00%15.54B29.89B+92.28%-0.53%
H2 FY20240.890.98+10.11%+13.95%14.79B29.88B+102.02%+1.86%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

Anheuser-Busch INBEV SA analyst forecast

12-month price target
90.75 USD
+7.95%

Analysts' 1-year price targets range from 84.50 to 97.00, with an average of 90.75.

Past year
1-year forecast
Strong sellStrong buy
Buy
6 ratings
Buy
4
Hold
2
Sell
0

12-month price target

Highest target97.00
Average target90.75
Lowest target84.50
Current price84.07

Anheuser-Busch INBEV SA valuation

Price to earnings ratio (TTM)
21.02
Forward P/E (FY2026)
18.96
Price to sales (TTM)
3.42
Price to book
1.77
EV / EBITDA (TTM)
13.02

Capital structure

Market capitalization
165.54B USD
+
Total debt
72.32B USD
−
Cash and short-term investments
7.91B USD
=
Enterprise value
229.96B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)13.99————
FY2028 (est.)15.5913.99———
FY2027 (est.)17.1115.59———
Now (TTM)21.0217.343.421.7713.02
FY202518.5114.442.141.469.04
FY202417.1513.711.681.287.95
FY202324.3819.402.191.5910.39
FY202220.2220.282.091.6510.06
FY202125.9920.042.241.7711.15

Anheuser-Busch INBEV SA against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: PepsiCo, Altria Group, Philip Morris International, Monster Beverage, Mondelez International, and Colgate-Palmolive, the US Consumer Defensive companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median21.0
    15.526.9
  • Gross marginAbove its median55.9%
    53.9%57.5%
    Against its peers: 4 of 7Peers' median 58.0%
  • Operating marginHighest in 5 years26.0%
    23.5%26.0%
    Against its peers: 4 of 7Peers' median 22.7%
  • Net marginHighest in 5 years11.5%
    8.6%11.5%
    Against its peers: 4 of 7Peers' median 16.7%
  • Return on equityAbove its median7.8%
    6.5%8.1%
    Against its peers: 5 of 5Peers' median 31.7%
  • Free cash flow marginHighest in 5 years19.0%
    13.4%19.0%
    Against its peers: 4 of 7Peers' median 20.8%
  • Revenue growthLowest in 5 years-0.7%
    -0.7%15.8%
    Against its peers: 6 of 7Peers' median 4.0%
  • EPS growthAt its median21.0%
    -10.7%225.7%
    Against its peers: 3 of 7Peers' median -19.4%
  • Debt to EBITDALowest in 5 years3.50×
    3.50×4.99×
    Against its peers: 6 of 7Peers' median 2.49×
  • Current ratioHighest in 5 years0.72
    0.630.72
    Against its peers: 5 of 7Peers' median 0.84

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Anheuser-Busch INBEV SA growth and profitability

Revenue (TTM)
48.44B USD
Net income (TTM)
7.91B USD
Gross margin
56.83%
Operating margin
27.31%
Net margin
16.33%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202559.32B-0.75%6.84B+16.77%55.93%25.97%11.53%20.84B+2.70%
FY202459.77B+0.65%5.86B+9.62%55.25%25.91%9.80%20.30B+6.45%
FY202359.38B+2.76%5.34B-10.52%53.86%23.52%8.99%19.07B+0.45%
FY202257.79B+6.41%5.97B+27.82%54.48%25.12%10.33%18.98B+6.71%
FY202154.30B+15.83%4.67B+232.38%57.47%25.46%8.60%17.79B+56.61%

Anheuser-Busch INBEV SA revenue breakdown

By product

FY2025
Beer business: 89.4%Non-beer business: 10.6%89.4%Beer business10.6%Non-beer business
SegmentRevenueShare of revenueChange on the year
Beer business53.05B89.4%—
Non-beer business6.27B10.6%—

By region

FY2025
United States: 56.7%Brazil: 40.1%Belgium: 3.2%56.7%United States40.1%Brazil3.2%Belgium
RegionRevenueShare of revenueChange on the year
United States12.38B56.7%—
Brazil8.77B40.1%—
Belgium696.00M3.2%—

How Anheuser-Busch INBEV SA makes its money

Beer business53.05B 89.4%
Non-beer business6.27B 10.6%
Revenue59.32B 100.0%
Cost of revenue26.14B 44.1%
Gross profit33.18B 55.9%
Selling and administration18.13B 30.6%
Operating income15.41B 26.0%
Tax2.85B 4.8%
Other expense5.72B 9.6%
Net income6.84B 11.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Anheuser-Busch INBEV SA dividends

Annual dividend
0.53 USD
Dividend yield (indicated)
0.64%
Payout ratio
40.38%
Frequency
Semi-annual
Next payment
0.27 USD
Next ex-dividend date
20 Nov 2026
Next payment date
16 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.300.880.820.530.600.552.013.393.974.01

Anheuser-Busch INBEV SA financial health

Cash and short-term investments
7.91B USD
Total debt
72.32B USD
Net cash
-64.41B USD
Free cash flow (TTM)
13.73B USD
Current ratio
0.66
Debt to equity
0.77
Piotroski score
7 / 9
Altman Z-score
1.59

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202511.94B73.03B11.26B
FY202411.40B72.17B11.17B
FY202310.40B78.17B8.64B
FY202210.00B79.99B7.77B
FY202112.39B88.83B8.95B

Anheuser-Busch INBEV SA ownership

Institutions
4.85%
Institutional holders
657 (+72)
Free float
88.85%

Who owns the shares

Institutions 4.9% Others 95.1%
As of 30 Jun 2026

Shares free to trade

Free float 1.75B shares ·88.8% Closely held 219.63M shares ·11.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.98B1.98B-2.93%
FY20242.00B2.04B-0.49%
FY20232.02B2.05B+0.20%
FY20222.01B2.05B+0.24%
FY20212.01B2.05B+2.35%

Source: Financial Modeling Prep

Related Instruments

Title: Anheuser/Busch INBEV SA/NV

Sector: Consumer Defensive
Industry: Beverages - Alcoholic
Anheuser-Busch InBev is the largest brewer in the world and one of the top five consumer product companies by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and US-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev, an 87% stake in Budweiser APAC, and in 2016 acquired SABMiller.

Common questions about Anheuser-Busch INBEV SA stock