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

Show all line items

Columns are period end dates · fundamentals updated 25 Oct 2026

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