Anheuser-Busch InBev SA/NV logo

Anheuser-Busch InBev SA/NV

BUD

NYSEConsumer DefensiveBeverages - Alcoholic

Previous close

$78.92

+$1.00 · +1.28%

Aug 21, 4:00 PM ET

Pre-market

$78.92

$0.00 · 0.00%

Aug 24, 4:03 AM ET

BUD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

79

Undervalued

Momentum

52

Neutral

Sentiment

57

Mixed

Risk resilience

79

Moderate Risk

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Company profile

Company website

Anheuser-Busch InBev SA/NV (AB InBev) is a global beverage giant involved in the manufacturing, marketing, and retailing of a wide variety of beers, other alcoholic drinks, and soft drinks across the world. The company manages an expansive collection of around 500 beer labels. Its most prominent and globally recognized brands include Budweiser, Corona, and Stella Artois. Additionally, its portfolio features well-known names such as Beck's, Hoegaarden, Leffe, and Michelob Ultra, alongside a host of other popular brands like Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol. Established in 1366, AB InBev's corporate headquarters are situated in Leuven, Belgium.

Industry
Beverages - Alcoholic
Sector
Consumer Defensive
Headquarters
BE
CEO
Michel Dimitrios Doukeris
Listed since
Jul 1, 2009
Employees
136,805

Market position

Day range

Current $78.92

52-week range

Current $78.92

Open
$78.03
Previous close
$77.92
Volume
1.27M
0.66× average
Average volume
1.92M
Average daily volume
Market cap
155.43B USD
Beta
0.79
Market reference 1
50-day average
$81.5334
-3.21% below average
200-day average
$73.9975
+6.65% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
188.44B USD
P/E (TTM)
13.23×
P/B (TTM)
1.66×
P/S (TTM)
2.01×
EV / EBITDA
9.04×
Earnings yield
5.38%
Free cash flow yield
8.86%
Dividend yield
1.70%

Profitability & efficiency

Gross margin
56.52%
Operating margin
26.50%
Net margin
15.23%
Return on equity
7.83%
Return on assets
3.12%
Return on invested capital
6.32%

Financial health

Debt / equity
0.77×
Current ratio
0.72×
Altman Z-score
2.15
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends62%43%23%4%Gross margin, FY2021: 57.47%Gross margin, FY2022: 54.48%Gross margin, FY2023: 53.86%Gross margin, FY2024: 55.25%Gross margin, FY2025: 55.93%Operating margin, FY2021: 25.46%Operating margin, FY2022: 25.12%Operating margin, FY2023: 23.52%Operating margin, FY2024: 25.91%Operating margin, FY2025: 26.38%Net margin, FY2021: 8.60%Net margin, FY2022: 10.33%Net margin, FY2023: 8.99%Net margin, FY2024: 9.80%Net margin, FY2025: 11.53%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 57.47%. Gross margin FY2022 54.48%. Gross margin FY2023 53.86%. Gross margin FY2024 55.25%. Gross margin FY2025 55.93%. Operating margin FY2021 25.46%. Operating margin FY2022 25.12%. Operating margin FY2023 23.52%. Operating margin FY2024 25.91%. Operating margin FY2025 26.38%. Net margin FY2021 8.60%. Net margin FY2022 10.33%. Net margin FY2023 8.99%. Net margin FY2024 9.80%. Net margin FY2025 11.53%.

Income trends

Revenue

59.32B USD-0.75%

Operating income

15.65B USD+1.05%

Net income

6.84B USD+16.77%
Income trends across reported periods65.28B USD43.24B USD21.2B USD−839.8M USDRevenue, FY2021: 54.3B USDRevenue, FY2022: 57.79B USDRevenue, FY2023: 59.38B USDRevenue, FY2024: 59.77B USDRevenue, FY2025: 59.32B USDOperating income, FY2021: 13.82B USDOperating income, FY2022: 14.52B USDOperating income, FY2023: 13.97B USDOperating income, FY2024: 15.49B USDOperating income, FY2025: 15.65B USDNet income, FY2021: 4.67B USDNet income, FY2022: 5.97B USDNet income, FY2023: 5.34B USDNet income, FY2024: 5.86B USDNet income, FY2025: 6.84B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 54.3B USD. Revenue FY2022 57.79B USD. Revenue FY2023 59.38B USD. Revenue FY2024 59.77B USD. Revenue FY2025 59.32B USD. Operating income FY2021 13.82B USD. Operating income FY2022 14.52B USD. Operating income FY2023 13.97B USD. Operating income FY2024 15.49B USD. Operating income FY2025 15.65B USD. Net income FY2021 4.67B USD. Net income FY2022 5.97B USD. Net income FY2023 5.34B USD. Net income FY2024 5.86B USD. Net income FY2025 6.84B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue59.32B USD59.77B USD59.38B USD57.79B USD54.3B USD
Cost of goods sold26.14B USD26.74B USD27.4B USD26.31B USD23.1B USD
Gross profit33.18B USD33.02B USD31.98B USD31.48B USD31.21B USD
Selling, general, and administrative18.13B USD18.34B USD18.17B USD17.56B USD17.58B USD
Operating expenses17.53B USD17.54B USD18.02B USD16.96B USD17.38B USD
Interest income628M USD589.96M USD565.88M USD294.16M USD112.82M USD
Interest expense3.86B USD4.47B USD4.76B USD4.61B USD4.4B USD
Depreciation and amortization5.65B USD5.54B USD5.41B USD5.08B USD5.05B USD
Operating income15.65B USD15.49B USD13.97B USD14.52B USD13.82B USD
Net income6.84B USD5.86B USD5.34B USD5.97B USD4.67B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+8.06%
11 comparable reports
Latest EPS result
1.21
Estimate 1.09 · Beat by 11.01%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.881.380.880.38Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 0.589, estimate 0.7, surprise -15.86%, Miss. Q2 2025, reported May 8, 2025: actual 0.983, estimate 0.86, surprise +14.30%, Beat. Q3 2025, reported Jul 31, 2025: actual 1.75, estimate 0.882, surprise +98.41%, Beat. Q4 2025, reported Oct 30, 2025: actual 0.453, estimate 0.806, surprise -43.86%, Miss. Q1 2026, reported Feb 12, 2026: actual 0.843, estimate 1.77, surprise -52.37%, Miss. Q2 2026, reported May 5, 2026: actual 1.13, estimate 0.766, surprise +47.52%, Beat. Q3 2026, reported Jul 30, 2026: actual 1.21, estimate 1.09, surprise +11.01%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.02, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates33.49B25.94B18.39B10.84BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 14.33B USD, estimate 13.3B USD, surprise +7.79%, Beat. Q2 2025, reported May 8, 2025: actual 12.41B USD, estimate 13.84B USD, surprise -10.35%, Miss. Q3 2025, reported Jul 31, 2025: actual 12.74B USD, estimate 13.37B USD, surprise -4.66%, Miss. Q4 2025, reported Oct 30, 2025: actual 12.92B USD, estimate 13.53B USD, surprise -4.49%, Miss. Q1 2026, reported Feb 12, 2026: actual 13.24B USD, estimate 12.53B USD, surprise +5.70%, Beat. Q2 2026, reported May 5, 2026: actual 13.26B USD, estimate 12.48B USD, surprise +6.28%, Beat. Q3 2026, reported Jul 30, 2026: actual 31.93B USD, estimate 16.23B USD, surprise +96.67%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 14.15B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$90.75

14.99% upside
Past 12 months12-month forecastHigh $97.00Average $90.75Low $84.50

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