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
+9.11%
EPS
+88.7%
Free cash flow
+338.5%

Quarter to September 2026, against a year earlier

84.02 1.18 −1.38%
Market cap
$149.1B
P/E
16.4×
Fwd P/E
−9.7×
Dividend yield
1.58%
F-score
7/9
Altman Z
1.40
Beneish M
−2.47
Dividend safety
43/100

Anheuser-Busch InBev SA/NV (BUD) Net margin

Alert me on Net margin

Anheuser-Busch InBev SA/NV's net margin over the twelve months to 30 September 2026 was 15.4%, up 3.9 percentage points from fiscal 2025 (11.5%). Over the past ten years it has ranged from 2.73% (fiscal 2016) to 19.0% (fiscal 2015); the current reading is higher than 73% 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 11.5% 1.73
FY2024 9.80% 0.81
FY2023 8.99% (1.34)
FY2022 10.3% 1.73
FY2021 8.60% 5.60
FY2020 3.00% (14.53)
FY2019 17.5% 9.29
FY2018 8.24% (5.93)
FY2017 14.2% 11.44
FY2016 2.73% (16.24)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 9.67% (12.85)
Jun 2026 22.5% 5.73
Mar 2026 16.8% 4.20
Dec 2025 12.6% 5.63
43 more quarters

Against its own ten years

Low 2.73% High 19.0%
Ten-year median 9.80%
Current reading's percentile 95

Net margin against peers

Company Net margin
STZ Constellation Brands Inc compare 20.9%
ABEV Ambev S.A. compare 18.9%
BUD Anheuser-Busch InBev SA/NV 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

The full definition of Net margin →

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