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BUDAnheuser-Busch InBev SA/NV
$79.74$137.2B
Overview & Verdict
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BUD logoAnheuser-Busch InBev SA/NV(BUD)Earnings, Financials & Key Ratios

BUD•NYSE
$79.74
27.9× P/E·Price updated Jul 7, 2026
SectorConsumer DefensiveIndustryAlcoholic BeveragesSub-IndustryBeer Brewers and Bottlers
AboutAnheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands. The company was founded in 1366 and is headquartered in Leuven, Belgium.Show more
  • Revenue$59.77B+0.7%
  • EBITDA$21.02B+8.5%
  • Net Income$5.86B+9.6%
  • EPS (Diluted)2.86+10.0%
  • Gross Margin55.25%+2.6%
  • EBITDA Margin35.17%+7.8%
  • Operating Margin25.91%+10.2%
  • Net Margin9.8%+8.9%
  • ROE6.46%+7.0%

BUD Price & Volume

Anheuser-Busch InBev SA/NV (BUD) stock price & volume — 10-year historical chart

Loading chart...

Stagnant Growth Masks Persistent Structural Leverage Risks

Investment Thesis • Updated 2025Q2

VerdictNegative
Growth:Decelerating
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:High leverage and brand erosion

Key Thesis Takeaways

  • Anheuser-Busch InBev faces a challenging outlook characterized by decelerating revenue growth of 0.65% year-over-year and significant volatility in cash-generating capacity.
  • While the company has made progress in reducing its debt-to-equity ratio to 0.83, the massive $114.8 billion goodwill balance suggests potential risks to asset quality and long-term valuation.
  • Investors should remain cautious as the firm continues to prioritize $5.1 billion in capital returns despite generating only $1.3 billion in free cash flow during the most recent quarter.

Verdict Logic

the company's decision to deploy $5.1 billion toward dividends and buybacks while generating only $1.3 billion in free cash flow in 2025Q2 suggests an unsustainable capital allocation strategy.

BUD Growth Metrics

Anheuser-Busch InBev SA/NV (BUD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.42%
5 Years2.69%
3 Years3.25%
TTM3.66%

Profit CAGR

10 Years-4.44%
5 Years-8.58%
3 Years7.83%
TTM23.72%

EPS CAGR

10 Years-6.4%
5 Years-8.79%
3 Years7.85%
TTM11.39%

Return on Capital

10 Years8.05%
5 Years7.33%
3 Years8.16%
Last Year8.71%

BUD Recent Earnings

Anheuser-Busch InBev SA/NV (BUD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 5/12 qtrs (100%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$0.97+7.8%
$0.90
Rev
$30.6B+108.4%
$14.7B
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$0.95+4.4%
$0.91
Rev
$29.5B+100.8%
$14.7B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.99+2.1%
$0.97
Rev
$30.0B+92.4%
$15.6B
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.98+4.3%
$0.94
Rev
—
$15.7B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.97vs $0.90+7.8%
$30.6Bvs $14.7B+108.4%
Q1 2026Feb 12, 2026
$0.95vs $0.91+4.4%
$29.5Bvs $14.7B+100.8%
Q4 2025Oct 30, 2025
$0.99vs $0.97+2.1%
$30.0Bvs $15.6B+92.4%
Q3 2025Jul 31, 2025
$0.98vs $0.94+4.3%
—vs $15.7B
Based on last 12 quarters of dataView full earnings history →

Latest BUD News

Recent stock market news and headlines for Anheuser-Busch InBev SA/NV (BUD)

247 Wallst·Jun 25, 2026
5 High-Yielding Dividend Kings Retirees and Boomers Can Buy Today and Safely Hold Forever

While many Baby Boomers have enjoyed a long bull market over the past 35 years, there comes a point when income becomes more critical than stock appreciation. The reason is simple: those who leave their careers to enjoy a well-deserved retirement lose the benefits of a regular salary and their jobs, such as 401(k) matching... 5 High-Yielding Dividend Kings Retirees and Boomers Can Buy Today and Safely Hold Forever

Fool - Investing News·Jun 24, 2026
How 770 Shares of This Beer Giant Yield About $100 a Year

Think pocket change can't yield income? About $2,400 invested in this beer giant should bring roughly $100 in annual payouts.

Zacks Investment Research·Jun 22, 2026
Here's Why Anheuser-Busch Inbev (BUD) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Invezz·Jun 20, 2026
Why Diageo, Heineken and Anheuser-Busch are battling falling alcohol demand

Alcohol companies have had fewer reasons to say "cheers" in recent years. Volumes have been falling, and the entire business model is undergoing a structural shakeup as younger people drink less.

Zacks Investment Research·Jun 18, 2026
AB InBev's Premiumization and Digital Transformation Drive Growth

BUD drives growth through premiumization, digital platforms and Beyond Beer expansion while strengthening revenue momentum across key markets.

Peers Comparison

Key metrics vs top competitors for Anheuser-Busch InBev SA/NV (BUD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BUD logoBUDAnheuser-Busch InBev SA/NVCurrent
$79.74$137.22B27.880.65%9.8%6.46%1.64%
TAP logoTAPMolson Coors Beverage Company
$39.04$7.33B-3.60-4.18%-18.85%-18.64%—
SAM logoSAMThe Boston Beer Company, Inc.
$183.16$1.96B18.523.69%-2.92%-7.3%—
ABEV logoABEVAmbev S.A.
$3.00$46.86B15.56-1.35%17.66%17.05%—
STZ logoSTZConstellation Brands, Inc.
$136.88$23.38B14.24-10.47%20.14%22.3%—
DEO logoDEODiageo plc
$82.84$46.05B19.54-0.12%14.7%54.04%—

Compare BUD vs Peers

Anheuser-Busch InBev SA/NV (BUD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TAP

Most directly comparable listed peer for BUD.

Scale Benchmark

vs KO

Larger-name benchmark to compare BUD against a more recognizable public peer.

Peer Set

Compare Top 5

vs TAP, SAM, ABEV, STZ

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BUD Frequently Asked Questions

Anheuser-Busch InBev SA/NV (BUD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Anheuser-Busch InBev SA/NV's revenue?

Anheuser-Busch InBev SA/NV (BUD) reported $119.82B in revenue for fiscal year 2024. This represents a 1533% increase from $7.34B in 2002.

How fast is Anheuser-Busch InBev SA/NV growing?

Anheuser-Busch InBev SA/NV (BUD) grew revenue by 0.7% over the past year. Growth has been modest.

Is BUD profitable?

Yes, Anheuser-Busch InBev SA/NV (BUD) is profitable, generating $12.57B in net income for fiscal year 2024 (9.8% net margin).

Dividend & Returns
Does BUD pay dividends?

Yes, Anheuser-Busch InBev SA/NV (BUD) pays a dividend with a yield of 1.64%. This makes it attractive for income-focused investors.

What is BUD's return on equity?

Anheuser-Busch InBev SA/NV (BUD) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

What is Anheuser-Busch InBev SA/NV's free cash flow?

Anheuser-Busch InBev SA/NV (BUD) generated $32.18B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BUD back in 2002?

Total return calculator · dividends reinvested · 24+ years of data

See returns →