Ambev S.A.

ABEV Consumer Defensive Beverages Brewers

Ambev S.A.’s revenue for fiscal 2025 (year ended December 2025) was $15.8 billion, down 4.70% from fiscal 2024.

Revenue
+18.5%
EPS
+83.7%
Free cash flow
+255.0%
Total debt
−5.21%

Quarter to September 2026, against a year earlier

2.80 0.01 +0.36%
Market cap
$42.3B
P/E
13.7×
Fwd P/E
—
Dividend yield
4.32%
F-score
7/9
Altman Z
3.94
Beneish M
−2.76
Dividend safety
27/100

Ambev S.A. (ABEV) Net margin

Alert me on Net margin

Ambev S.A.'s net margin over the twelve months to 30 September 2026 was 18.9%, up 1.4 percentage points from fiscal 2025 (17.6%). Over the past ten years it has ranged from 15.3% (fiscal 2017) to 27.5% (fiscal 2016); the current reading is higher than 36% of that period. That is above the Beverages Brewers industry median of 8.09% and above the Consumer Defensive sector median of 1.92%.

Net margin, annual

Embed this chart

Annual newest first

Period Net margin Change (points)
FY2025 17.6% 1.43
FY2024 16.1% (2.05)
FY2023 18.2% 0.05
FY2022 18.1% 0.75
FY2021 17.4% (2.10)
FY2020 19.5% (2.91)
FY2019 22.4% 0.45
FY2018 22.0% 6.64
FY2017 15.3% (12.20)
FY2016 27.5% 0.92

Quarterly newest first

Period Net margin Change (points)
Sep 2026 19.7% 2.85
Jun 2026 16.8% 0.04
Mar 2026 16.8% (5.99)
Sep 2025 22.8% 9.23
42 more quarters

Against its own ten years

Low 15.3% High 27.5%
Ten-year median 18.2%
Current reading's percentile 60

Net margin against peers

Company Net margin
STZ Constellation Brands Inc compare 20.9%
ABEV Ambev S.A. 18.9%
BUD Anheuser-Busch InBev SA/NV compare 15.4%
TAP Molson Coors Beverage Company compare 8.09%
FMX Fomento Economico Mexicano S.A.B. de C.V. compare 3.89%
CCU Compania Cervecerias Unidas, S.A. compare 3.62%
SAM The Boston Beer Company, Inc. compare −3.83%
Beverages Brewers industry median 8.09%
Consumer Defensive sector median 1.92%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

More on ABEV