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ABEVAmbev S.A.
$3.00$46.9B
Overview & Verdict
Overview
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ABEV logoAmbev S.A.(ABEV)Earnings, Financials & Key Ratios

ABEV•NYSE
$3.00
15.6× P/E·Price updated Jul 7, 2026
SectorConsumer DefensiveIndustryAlcoholic BeveragesSub-IndustryBeer Brewers and Bottlers
AboutAmbev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands. The company also provides bottled water, isotonic beverages, energy drinks, coconut water, powdered and natural juices, and ready-to-drink teas under the Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi, Canada Dry, Squirt, Red Rock, Pepsi-Cola, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike's brands. It offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in São Paulo, Brazil. Ambev S.A. is a subsidiary of Interbrew International B.V.Show more
  • Revenue$88.24B-1.4%
  • EBITDA$29.15B+0.8%
  • Net Income$15.5B+7.4%
  • EPS (Diluted)0.99+8.8%
  • Gross Margin51.42%+0.4%
  • EBITDA Margin33.04%+2.2%
  • Operating Margin25.3%+3.8%
  • Net Margin17.57%+8.9%
  • ROE16.46%+2.5%

ABEV Price & Volume

Ambev S.A. (ABEV) stock price & volume — 10-year historical chart

Loading chart...

Resilient Margins Offset Volatile Regional Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Macroeconomic and Currency Volatility

Key Thesis Takeaways

  • Ambev maintains a fortress balance sheet with a debt-to-equity ratio of 0.03, providing significant insulation against the macroeconomic volatility inherent in its Latin American markets.
  • While the company demonstrates structural resilience with gross margins consistently hovering between 50% and 53%, investors should monitor the potential saturation of premiumization strategies and the impact of significant goodwill, which accounts for 29% of total assets.
  • Future performance remains contingent on managing working capital cycles, which have historically driven cash flow variance as wide as $5.1 billion in a single quarter.

Verdict Logic

while the 7.8% dividend yield and low leverage are attractive, the extreme volatility in FCF margins and the reliance on $40.9 billion in goodwill warrant a cautious approach.

ABEV Growth Metrics

Ambev S.A. (ABEV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.57%
5 Years8.61%
3 Years3.45%
TTM-3.78%

Profit CAGR

10 Years2.24%
5 Years6.38%
3 Years2.35%
TTM7.95%

EPS CAGR

10 Years2.41%
5 Years6.58%
3 Years2.85%
TTM8.79%

Return on Capital

10 Years22.49%
5 Years19.54%
3 Years20.64%
Last Year20.7%

ABEV Recent Earnings

Ambev S.A. (ABEV) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$0.05+0.0%
$0.05
Rev
$4.6B+4.2%
$4.4B
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$0.05+0.0%
$0.05
Rev
$5.2B+13.1%
$4.6B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.04+0.0%
$0.04
Rev
$3.9B-18.1%
$4.8B
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.03+0.0%
$0.03
Rev
$3.7B-11.0%
$4.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.05vs $0.05+0.0%
$4.6Bvs $4.4B+4.2%
Q1 2026Feb 12, 2026
$0.05vs $0.05+0.0%
$5.2Bvs $4.6B+13.1%
Q4 2025Oct 30, 2025
$0.04vs $0.04+0.0%
$3.9Bvs $4.8B-18.1%
Q3 2025Jul 31, 2025
$0.03vs $0.03+0.0%
$3.7Bvs $4.2B-11.0%
Based on last 12 quarters of dataView full earnings history →

Latest ABEV News

Recent stock market news and headlines for Ambev S.A. (ABEV)

Zacks Investment Research·Jun 25, 2026
Ambev (ABEV) Moves to Buy: Rationale Behind the Upgrade

Ambev (ABEV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zacks Investment Research·Jun 25, 2026
Are Consumer Staples Stocks Lagging Ambev (ABEV) This Year?

Here is how Ambev (ABEV) and Chefs' Warehouse (CHEF) have performed compared to their sector so far this year.

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.

Seeking Alpha·Jun 21, 2026
Ambev: Don't Ignore This High-Quality Beverage Leader

Ambev is rated a Buy, supported by strong Q1 results, robust free cash flow, and a resilient balance sheet with minimal long-term debt. ABEV's Q1 net revenue rose 8.1% despite flat volumes, with a 33.6% Normalized EBITDA margin and the strongest Q1 operating cash flow in a decade. Macroeconomic tailwinds, including Brazil's switch to rate cuts and the 2026 FIFA World Cup, offer stabilization and recovery potential, though consumer and cost pressures remain key risks.

Peers Comparison

Key metrics vs top competitors for Ambev S.A. (ABEV)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ABEV logoABEVAmbev S.A.Current
$3.00$46.86B15.56-1.35%17.57%16.46%8.47%
BUD logoBUDAnheuser-Busch InBev SA/NV
$79.74$137.22B27.880.65%10.49%13.75%—
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%—
KO logoKOThe Coca-Cola Company
$84.05$361.76B27.651.87%27.8%41.06%—
PEP logoPEPPepsiCo, Inc.
$144.98$198.18B24.162.25%9.16%43.62%—

Compare ABEV vs Peers

Ambev S.A. (ABEV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BUD

Most directly comparable listed peer for ABEV.

Scale Benchmark

vs KO

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

Peer Set

Compare Top 5

vs BUD, TAP, SAM, KO

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ABEV Frequently Asked Questions

Ambev S.A. (ABEV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Ambev S.A.'s revenue?

Ambev S.A. (ABEV) reported $88.21B in revenue for fiscal year 2025. This represents a 1580% increase from $5.25B in 2000.

How fast is Ambev S.A. growing?

Ambev S.A. (ABEV) saw revenue decline by 1.4% over the past year.

Is ABEV profitable?

Yes, Ambev S.A. (ABEV) is profitable, generating $15.58B in net income for fiscal year 2025 (17.6% net margin).

Dividend & Returns
Does ABEV pay dividends?

Yes, Ambev S.A. (ABEV) pays a dividend with a yield of 8.47%. This makes it attractive for income-focused investors.

What is ABEV's return on equity?

Ambev S.A. (ABEV) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

What is Ambev S.A.'s free cash flow?

Ambev S.A. (ABEV) generated $22.15B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ABEV back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

See returns →