stockrowAmbev 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) Operating margin
Ambev S.A.'s operating margin over the twelve months to 30 September 2026 was 26.6%, up 0.2 percentage points from fiscal 2025 (26.4%). Over the past ten years it has ranged from 22.2% (fiscal 2022) to 40.2% (fiscal 2015); the current reading is higher than 45% of that period. That is above the Beverages Brewers industry median of 8.53% and above the Consumer Defensive sector median of 1.70%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 26.4% | 2.05 |
| FY2024 | 24.4% | 0.75 |
| FY2023 | 23.6% | 1.43 |
| FY2022 | 22.2% | (1.25) |
| FY2021 | 23.4% | (4.68) |
| FY2020 | 28.1% | (2.63) |
| FY2019 | 30.8% | (3.07) |
| FY2018 | 33.8% | (0.47) |
| FY2017 | 34.3% | (3.22) |
| FY2016 | 37.5% | (2.68) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 25.8% | 1.95 |
| Jun 2026 | 23.9% | (2.77) |
| Mar 2026 | 26.7% | (3.59) |
| Sep 2025 | 30.3% | 8.35 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| STZ Constellation Brands Inc compare | 30.2% |
| ABEV Ambev S.A. | 26.6% |
| BUD Anheuser-Busch InBev SA/NV compare | 26.3% |
| FMX Fomento Economico Mexicano S.A.B. de C.V. compare | 8.53% |
| CCU Compania Cervecerias Unidas, S.A. compare | 7.32% |
| TAP Molson Coors Beverage Company compare | 0.00% |
| SAM The Boston Beer Company, Inc. compare | −5.05% |
| Beverages Brewers industry median | 8.53% |
| Consumer Defensive sector median | 1.70% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on ABEV
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net 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