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 0.04 +1.45%
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) Return on equity

Alert me on Return on equity

Ambev S.A.'s return on equity over the twelve months to 30 September 2026 was 18.0%, up 1.8 percentage points from fiscal 2025 (16.2%). Over the past ten years it has ranged from 14.5% (fiscal 2020) to 25.0% (fiscal 2016); the current reading is higher than 36% of that period. That is above the Beverages Brewers industry median of 6.89% and above the Consumer Defensive sector median of 0.42%.

Return on equity, annual

Embed this chart

Annual newest first

Period Return on equity Change (points)
FY2025 16.2% 0.65
FY2024 15.5% (2.54)
FY2023 18.1% 0.39
FY2022 17.7% 2.08
FY2021 15.6% 1.07
FY2020 14.5% (4.38)
FY2019 18.9% (0.71)
FY2018 19.6% 3.43
FY2017 16.2% (8.86)
FY2016 25.0% 2.73

Against its own ten years

Low 14.5% High 25.0%
Ten-year median 17.7%
Current reading's percentile 36

Return on equity against peers

Company Return on equity
STZ Constellation Brands Inc compare 23.1%
ABEV Ambev S.A. 18.0%
TAP Molson Coors Beverage Company compare 8.52%
CCU Compania Cervecerias Unidas, S.A. compare 6.89%
BUD Anheuser-Busch InBev SA/NV compare 0.00%
FMX Fomento Economico Mexicano S.A.B. de C.V. compare 0.00%
SAM The Boston Beer Company, Inc. compare −8.87%
Beverages Brewers industry median 6.89%
Consumer Defensive sector median 0.42%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

More on ABEV