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) Return on invested capital

Alert me on Return on invested capital

Anheuser-Busch InBev SA/NV's return on invested capital over the twelve months to 30 September 2026 was 0.00%, down 6.1 percentage points from fiscal 2025 (6.09%). Over the past ten years it has ranged from 3.85% (fiscal 2020) to 9.95% (fiscal 2015); the current reading is higher than 82% of that period. That is below the Beverages Brewers industry median of 5.99% and below the Consumer Defensive sector median of 0.96%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 6.09% (0.41)
FY2024 6.50% 1.04
FY2023 5.46% (0.44)
FY2022 5.90% 0.33
FY2021 5.57% 1.72
FY2020 3.85% (1.77)
FY2019 5.62% (0.23)
FY2018 5.85% (0.03)
FY2017 5.88% 1.59
FY2016 4.29% (5.66)

Against its own ten years

Low 3.85% High 9.95%
Ten-year median 5.85%
Current reading's percentile 82

Return on invested capital against peers

Company Return on invested capital
ABEV Ambev S.A. compare 19.5%
FMX Fomento Economico Mexicano S.A.B. de C.V. compare 14.5%
STZ Constellation Brands Inc compare 9.11%
CCU Compania Cervecerias Unidas, S.A. compare 5.99%
TAP Molson Coors Beverage Company compare 5.15%
BUD Anheuser-Busch InBev SA/NV 0.00%
SAM The Boston Beer Company, Inc. compare −14.1%
Beverages Brewers industry median 5.99%
Consumer Defensive sector median 0.96%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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