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Anheuser-Busch InBev SA/NV

BUD Consumer Defensive Beverages Brewers

Anheuser-Busch InBev SA/NV’s revenue for fiscal 2025 (year ended December 2025) was $59.3 billion, down 0.75% from fiscal 2024.

Revenue: +11.0%
EPS: +126.2%
Free cash flow: +338.5%

Quarter to June 2026, against a year earlier

80.38 0.86 +1.08%

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Market cap: $139.1B
P/E: 17.0×
Fwd P/E: −9.7×
Dividend yield: 1.68%
F-score: 7/9
Altman Z: 1.40
Beneish M: −2.47
Dividend safety: 43/100

Overview

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	145.19	27.76	29.78	17.76	99.87	25.99	20.14	24.25	17.21	18.62
Piotroski F-Score Full definition →	5	6	4	7	4	6	6	5	9	7
P/S ratio Full definition →	3.94	3.93	2.45	3.11	2.98	2.24	2.08	2.18	1.68	2.14
Altman Z-Score Full definition →	1.13	1.36	1.01	1.24	1.08	1.15	1.25	1.29	1.30	1.40
Altman Z″-Score (non-manufacturers) Full definition →	1.25	1.03	0.84	1.31	1.12	1.23	1.40	1.41	1.71	1.78
P/FCF ratio Full definition →	9.32	11.01	5.24	6.88	7.20	6.78	6.05	7.61	4.89	8.52
Beneish M-Score Full definition →	(2.24)	(2.54)	(2.75)	(2.55)	(2.88)	(2.65)	(2.44)	(2.50)	(2.79)	(2.47)
P/Operating CF Full definition →	38.02	46.93	27.53	34.48	29.59	25.74	25.41	27.44	21.24	26.91
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	43
P/B ratio Full definition →	2.20	2.76	1.81	1.93	1.78	1.53	1.42	1.40	1.13	1.30
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	6.30	5.77	4.42	4.93	4.73	3.63	3.28	3.31	2.69	3.16
EV/EBITDA Full definition →	22.15	18.78	14.19	15.97	22.44	14.27	13.05	14.09	10.36	12.17
EV/Operating CF Full definition →	9.14	10.18	6.33	7.07	7.17	6.41	5.54	6.49	4.94	8.14
EV/FCF Full definition →	14.89	16.19	9.45	10.91	11.44	11.00	9.55	11.56	7.82	12.57
Quick Ratio Full definition →	0.56	0.54	0.40	0.41	0.68	0.54	0.48	0.48	0.54	0.56
Current Ratio Full definition →	1.07	0.66	0.52	0.83	0.82	0.70	0.67	0.63	0.70	0.72
Net Debt/EBITDA Full definition →	6.53	4.82	4.94	4.58	5.58	4.01	3.55	3.47	2.86	2.87
Debt/Assets Full definition →	47.77%	47.29%	47.71%	43.51%	43.53%	40.79%	37.53%	35.63%	34.93%	33.37%
Debt/Equity Full definition →	1.51	1.45	1.55	1.22	1.26	1.12	0.95	0.84	0.81	0.75
Asset Turnover Full definition →	0.23	0.22	0.22	0.22	0.20	0.24	0.27	0.27	0.28	0.28
Operating CF/Net income Full definition →	8.15	1.93	3.25	1.53	7.75	3.17	2.23	2.48	2.57	2.18
Capex/Depreciation Full definition →	(1.37)	(0.96)	(0.99)	(1.04)	(0.76)	(1.09)	(0.95)	(0.83)	(0.67)	(0.63)
Interest Coverage Full definition →	1.38	2.52	1.78	2.70	1.17	2.29	2.50	2.28	2.43	2.99
ROE Full definition →	1.95%	9.89%	5.75%	11.72%	1.72%	5.92%	7.30%	6.04%	6.46%	7.33%
ROA Full definition →	0.63%	3.18%	1.82%	3.90%	0.61%	2.10%	2.77%	2.47%	2.75%	3.21%
ROIC Full definition →	4.29%	5.88%	5.85%	5.62%	3.85%	5.57%	5.90%	5.46%	6.50%	6.09%
Return on Tangible Assets Full definition →	4.30%	53.55%	39.48%	42.62%	6.83%	28.40%	38.57%	40.99%	43.58%	48.98%
Average Days of Receivables Full definition →	59.85	48.33	47.01	47.53	42.73	36.48	38.80	42.08	36.62	42.74
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	33.33%	32.07%	31.69%	31.38%	32.78%	32.36%	30.38%	30.60%	30.69%	30.57%
Intangible Assets out of Total Assets Full definition →	0.70	0.76	0.76	0.72	0.72	0.72	0.72	0.72	0.73	0.73
Share Based Compensation of Revenue Full definition →	0.51%	0.62%	0.63%	0.65%	0.36%	0.94%	0.78%	0.96%	1.08%	1.05%
Graham Net Nets Full definition →	(0.74)	(0.64)	(1.11)	(0.76)	(0.87)	(0.94)	(0.88)	(0.80)	(0.95)	(0.76)
Graham Number Full definition →	27.72	60.90	42.54	66.56	24.85	45.52	52.80	52.35	53.85	61.75
Earnings Yield Full definition →	0.69%	3.60%	3.36%	5.63%	1.00%	3.85%	4.97%	4.12%	5.81%	5.37%
Free Cash Flow Yield Full definition →	10.73%	9.08%	19.09%	14.53%	13.88%	14.76%	16.54%	13.14%	20.46%	11.74%
Revenue per Share Full definition →	26.51	28.64	26.86	26.38	23.46	27.06	28.71	29.45	29.84	29.90
Operating CF per Share Full definition →	5.89	7.83	7.18	7.07	5.45	7.37	6.61	6.58	7.52	7.50
Capex per Share Full definition →	(2.78)	(2.09)	(2.31)	(2.45)	(1.85)	(2.74)	(2.40)	(2.22)	(1.86)	(1.79)
Free Cash Flow per Share Full definition →	3.11	5.74	4.87	4.63	3.61	4.63	4.20	4.36	5.65	5.71
Cash per Share Full definition →	8.86	6.21	3.63	3.81	8.25	6.52	5.17	5.41	5.97	6.31
Shareholders Equity per Share Full definition →	47.42	40.70	36.40	42.62	39.21	39.53	41.87	45.97	44.28	49.26
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	47.42	40.70	36.40	42.62	39.21	39.53	41.87	45.97	44.28	49.26
Free Cash Flow Full definition →	5,342.00	11,306.00	9,613.00	9,182.00	7,204.00	9,301.00	8,460.00	8,783.00	11,320.00	11,331.00
Working Capital Full definition →	2,648.00	(12,251.00)	(16,545.00)	(6,027.00)	(5,833.00)	(10,235.00)	(11,197.00)	(13,789.00)	(10,067.00)	(9,706.00)
Capital Expenditures Full definition →	(4,768.00)	(4,124.00)	(4,568.00)	(4,854.00)	(3,687.00)	(5,498.00)	(4,838.00)	(4,482.00)	(3,735.00)	(3,552.00)
Net Current Asset Value Full definition →	(132,144.00)	(141,946.00)	(143,698.00)	(123,281.00)	(121,540.00)	(114,338.00)	(105,479.00)	(103,297.00)	(94,938.00)	(96,302.00)
EV/EBIT Full definition →	22.15	18.78	14.19	15.97	22.44	14.27	13.05	14.09	10.36	12.17
Capex to Sales Full definition →	0.10	0.07	0.09	0.09	0.08	0.10	0.08	0.08	0.06	0.06
Price to Operating Income Full definition →	13.86	12.77	7.87	10.07	14.13	8.79	8.27	9.28	6.48	8.25
Other line items
Depreciation/Fixed assets Full definition →	0.13	0.16	0.17	0.17	0.18	0.19	0.19	0.20	0.24	0.24
Cash ROIC Full definition →	2.44%	5.41%	5.04%	4.71%	3.73%	5.13%	4.85%	4.83%	6.55%	6.18%
Accounts Receivable Turnover Full definition →	7.22	7.56	7.42	7.67	7.62	9.95	9.99	9.14	9.31	9.17
Accounts Payable Turnover Full definition →	0.87	0.89	0.84	0.90	0.86	0.95	1.02	1.05	1.07	1.06
Inventory Turnover Full definition →	5.27	5.34	4.77	4.70	4.41	4.68	4.38	4.49	5.04	5.16
Average Days of Payables Full definition →	473.31	422.62	413.25	409.85	426.92	401.93	365.61	346.15	324.88	355.42
Days of Inventory on Hand Full definition →	79.73	70.30	77.53	79.36	83.32	85.32	91.75	74.38	68.51	71.31
Average Receivables Full definition →	6,301.00	7,469.00	7,153.00	6,823.00	6,151.00	5,457.50	5,785.00	6,494.50	6,421.50	6,471.50
Average Payables Full definition →	20,374.00	23,924.00	23,665.00	22,716.00	22,914.50	24,199.50	25,891.50	26,165.00	24,892.50	24,629.50
Average Inventory Full definition →	3,375.50	4,004.00	4,176.50	4,330.50	4,454.50	4,940.50	6,005.50	6,097.50	5,301.50	5,063.50
Average Assets Full definition →	195,610.50	251,356.00	239,997.00	235,258.00	231,529.00	222,018.50	215,285.00	216,141.50	212,988.50	212,722.50
Average Common Equity Full definition →	63,572.00	80,822.00	76,054.00	78,221.00	81,452.00	78,845.00	81,808.00	88,476.00	90,687.50	93,217.50

Show all line items

Columns are period end dates · fundamentals updated 25 Oct 2026

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