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
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Ambev S.A. (ABEV) 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
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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 | Free account |
Against its own ten years
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
More on ABEV
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement