OakChart

Anheuser-Busch InBev SA/NV ADR

BUDConsumer Defensive·Beverages - Brewers·Belgium·Large·NYSE·Nov 11 • 8:50 AM ET

83.96-2.09 (-2.43%)
2026-11-11 14:52 CET
Market cap
150,547.06 USD m
Revenue, TTM
62,566.32 USD m
Net income, TTM
9,325.35 USD m
Free cash flow, TTM
13,726.07 USD m
EPS diluted, TTM
4.64
P/E
18.08
Compare

Price

BUD against its 20, 50 and 200-day averages
2050200beatmiss
70.0075.0080.0085.003.0M6.0MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26BUDclose 83.9620-day 82.9750-day 79.69200-day 78.3983.96

3.0% under 86.60 on 31 Jul 2026. Last 15 sessions, 11.0% high to low

Profile

BUD
52-week range, 90% of the way up
59.9086.60

Anheuser-Busch InBev SA/NV is a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Middle Americas, South America, EMEA, Asia Pacific, Global Export and Holding Companies, and Worldwide. The company was founded on August 2, 1977 and is headquartered in Leuven, Belgium.

Employees136805
IPOJul 01, 2009
Beta0.50
ATR, 14d1.98
Rel volume0.33
Short float0.38%
Insider own0.00%
Inst own5.45%

Snapshot

6 groups

Valuation

Index-
Market Cap146.89B
Enterprise Value218.88B
Income9.33B
Sales62.57B
Book/sh47.42
Cash/sh4.58
Dividend Est.1.49 (1.77%)
Dividend TTM1.35 (1.61%)
Dividend Ex-DateNov 20, 2026
Dividend Gr. 3/5Y17.91% 17.84%
Payout28.99%
Employees136805
IPOJul 01, 2009

Ratios

P/E18.08
Forward P/E17.24
PEG1.32
P/S2.35
P/B1.77
P/C18.34
P/FCF10.70
EV/EBITDA9.97
EV/Sales3.50
Quick Ratio0.50
Current Ratio0.66
Debt/Eq0.77
LT Debt/Eq0.74
Option/ShortYes / Yes

Earnings

EPS (ttm)4.64
EPS next Y4.87
EPS next Q1.10
EPS this Y19.37%
EPS next Y9.37%
EPS next 5Y13.03%
EPS past 3/5Y5.23% -
Sales past 3/5Y0.96% 4.75%
EPS Y/Y TTM31.61%
Sales Y/Y TTM6.60%
EPS Q/Q65.35%
Sales Q/Q10.73%
EarningsOct 29 BMO
EPS/Sales Surpr.6.03% 1.51%

Ownership

Insider Own0.00%
Insider Trans-
Inst Own5.45%
Inst Trans0.24%
ROA4.34%
ROE10.71%
ROIC5.74%
Gross Margin56.50%
Oper. Margin25.77%
Profit Margin14.90%
SMA201.20%
SMA505.36%
SMA2007.11%
Trades-

Technical

Shs Outstand1.75B
Shs Float1.75B
Short Float0.38%
Short Ratio2.81
Short Interest6.61M
52W High86.60 -3.05%
52W Low59.90 40.17%
Volatility1.86% 1.63%
ATR (14)1.98
RSI (14)55.37
Beta0.50
Rel Volume0.33
Avg Volume2.35M
Volume38,580

Performance

Perf Week0.35%
Perf Month6.79%
Perf Quarter4.65%
Perf Half Y4.75%
Perf YTD31.11%
Perf Year29.65%
Perf 3Y40.85%
Perf 5Y39.91%
Perf 10Y-22.12%
Recom1.52
Target Price95.58
Prev Close86.05
Price83.96
Change %-2.43%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 16, 2026UpgradeDDeutsche BankHold → Buy
Jul 27, 2026DowngradeBBarclaysOverweight → Equal Weight
Nov 28, 2025DowngradeDDeutsche BankBuy → Hold
Nov 19, 2025InitiatedWWells FargoOverweight$75-10.7%
May 12, 2025UpgradeGGoldmanNeutral → Buy$88+4.8%
Apr 02, 2025InitiatedBBerenbergBuy
Mar 27, 2025UpgradeAArgusHold → Buy$70-16.6%
Mar 03, 2025UpgradeDDeutsche BankHold → Buy
Oct 08, 2024DowngradeTTD CowenBuy → Hold$88+4.8%
Oct 01, 2024UpgradeCCitigroupNeutral → Buy

Peers

Mkt cap
TickerCompanyMkt cap
ABEVAmbev SA ADR43.16B
TAPMolson Coors Beverage Company7.43B
STZConstellation Brands Inc24.42B
CCUCompania Cervecerias Unidas SA ADR2.00B
SAMBoston Beer Co Inc2.23B
FMXFomento Economico Mexicano SAB de CV ADR26.68B
DEODiageo plc ADR55.18B
KOCoca-Cola Co413.18B
PEPPepsiCo Inc193.90B
BF-BBrown-Forman Corp14.10B

Insider trading

2 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
de Almeida David Henrique GalaOfficerAug 14 '26Proposed Sale80.2394,7507,601,792Aug 14 04:03 PM
M.Michele BurnsDirectorFeb 13 '26Proposed Sale80.392,000160,780Feb 13 04:24 PM

Held by

AUM
TickerCompanyAUM
FVDFirst Trust Value Line Dividend Index FundAUM: 8.17B
IDVOAmplify CWP International Enhanced Dividend Income ETFAUM: 1.38B
AVDEAvantis International Equity ETFAUM: 19.86B
FTHIFirst Trust BuyWrite Income ETFAUM: 2.55B
APIEActivePassive International Equity ETFAUM: 1.13B
LSTLeuthold Select Industries ETFAUM: 213.31M
DFAXDimensional World ex U.S. Core Equity 2 ETFAUM: 11.94B
DIHPDimensional International High Profitability ETFAUM: 6.58B
AVSDAvantis Responsible International Equity ETFAUM: 381.38M
DFICDimensional International Core Equity 2 ETFAUM: 15.39B

News

latest 14 of 206
  • Anheuser-Busch CEO to depart (Food Dive)
  • Anheuser-Busch CEO leaving to take CEO job at high-end gym chain Equinox (Yahoo Finance)
  • Brewers start to feel the costs of prolonged war in Iran (Reuters)
  • AB InBev Earnings Show the Bud Light Brewer's Rally Is About More Than Just Beer (Barrons.com)
  • AB InBev beats Q3 revenue and profit expectations on premium brands (Investing.com)
  • Loading…
  • Anheuser-Busch Inbev: Q3 Earnings Snapshot (Associated Press)
  • AB InBev Reports Third Quarter 2026 Results (Business Wire)
  • Heineken document reveals worries over weight-loss drugs and beer sales (Reuters)
  • How AB InBev built a culture of creative effectiveness that drives growth (Marketing Dive)
  • AB InBev's World Cup Quarter Tests Whether Its Volume Revival Can Finally Lift Margins (Earnings Whispers)
  • AB InBevs BeatBox rapped in UK over packaging (Just Drinks)
  • Indulgence Spending Is Still Growing, and These 4 Companies Are Building on It (TRWD, RICK, BUD, MO) (FinanceWire)
  • Trump's ban on Canadian alcohol starts Tuesday, but these well-known brands will avoid it (MarketWatch)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-291.2101.1410.81016,51216,26711
2026Q22026-07-301.2101.1161.90016,66016,39512
2026Q12026-05-050.9700.8871.30015,26714,79711
2025Q42026-02-120.9500.8850.99015,55515,58712
2025Q32025-10-300.9900.9610.53015,13315,23811
2025Q22025-07-310.9800.9620.84015,00415,2919
2025Q12025-05-080.8100.7421.08013,62813,79810
2024Q42025-02-260.8800.6870.61014,84114,13310
2024Q32024-10-310.9800.9221.03015,04615,59112
2024Q22024-08-010.9000.8500.73015,33315,47310
2024Q12024-05-080.7500.6560.54014,54714,4347
2023Q42024-02-290.8200.7660.94014,47315,59710
2023Q32023-10-310.8600.8320.73015,57415,80510
2023Q22023-08-030.7200.6760.17015,12015,37610
2023Q12023-05-040.6500.5880.81014,21314,07310
2022Q42023-03-020.9800.7831.41014,66815,2768

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY4.0804.3554.52652,32953,096
2020FY1.9102.125-0.24946,88146,591
2021FY2.8502.8462.28054,30453,847
2022FY3.2103.0212.91357,78658,587
2023FY3.0502.9592.60459,38060,441
2024FY3.5303.3362.85959,76859,101
2025FY3.7303.6533.45059,32059,375
2026FY-4.452--64,965
2027FY-4.870--67,192
2028FY-5.387--69,798
2029FY-6.011--73,684
2030FY-7.089--75,526

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0671416,46716,07016,733
2026Q4S2026-10-3071416,49216,07016,733
2026Q4S2026-10-2971316,51616,07016,733
2026Q4S2026-10-0971216,60316,38016,807
2026Q4S2026-10-0271216,60316,38016,807
2026Q4S2026-09-2971116,63216,38016,853
2026Q4S2026-09-2871116,65316,43816,853
2026Q4S2026-09-2571116,67116,52616,853
2026Q4S2026-09-2471016,65316,08017,011
2026Q4S2026-09-2071016,65316,08017,011
2026Q4S2026-09-1572016,65316,08017,011
2026Q4S2026-09-1272016,63516,08017,011
2026Q4S2026-08-1373116,63516,08017,011
2026Q4S2026-07-3183116,63316,08017,011

Estimate history

EPS, annual4.0212.1714.526-0.2492.282.9132.6042.8593.399
Period201720182019202020212022202320242025
EPS, quarterly
Period
Sales, annual57027.2652983.91352319.24647191.7254218.96357817.65359471.96659662.42359503.548
Period201720182019202020212022202320242025
Sales, quarterly
Period
Shares, annual1607.71630.741633.3791646.251698.9181701.7351701.7831753.3891728.71
Period201720182019202020212022202320242025
Shares, quarterly
Period

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue62,566.3259,503.5559,662.4259,471.9757,817.6554,218.9647,191.7252,319.2552,983.91
Cost of Goods Sold Incl. D&A27,219.1528,514.9629,008.6729,629.8228,272.4824,916.9221,643.5122,166.8721,659.66
Gross Profit35,347.1830,988.5930,653.7629,842.1529,545.1729,302.0425,548.2130,152.3831,324.25
Selling, General and Administrative Excl. Other19,223.4315,896.0316,044.6116,045.8115,630.5615,694.3813,594.5114,617.2715,048.79
Research and Development-194.60221.61256.40268.15297.53297.96290.95275.70
Other Operating Expense0.000.00-48.91-74.11-220.12-227.64-473.1275.9910.99
Operating Income16,123.7415,092.5614,658.0613,870.4514,134.7413,835.3012,426.8215,459.1216,264.48
Interest Expense4,171.994,174.884,466.104,759.364,611.524,395.114,734.175,023.064,865.76
Unusual Expense1,138.06945.921,300.70945.461,190.651,855.096,313.57-1,221.774,865.76
Net Income Before Taxes13,725.1310,983.8810,220.918,842.679,230.058,202.141,935.7512,621.657,579.83
Income Taxes3,148.902,859.823,146.432,236.461,928.062,345.321,944.812,785.482,581.22
Consolidated Net Income10,966.748,503.237,402.906,901.677,601.166,104.43147.979,988.145,151.45
Net Income From Continuing Operations9,325.356,858.165,844.665,349.275,972.274,662.69-654.318,745.373,834.87
Net Income9,325.356,858.165,844.665,349.275,972.274,662.69-498.289,169.294,365.30
EPS (Recurring)5.043.733.302.933.322.921.964.103.86
EPS (Basic, Before Extraordinaries)4.743.462.922.652.972.32-0.254.622.21
EPS (Diluted)4.643.402.862.602.912.28-0.254.532.17
EBITDA21,946.4420,478.1720,183.2819,269.8019,211.5218,598.8317,056.3020,115.2520,883.50
Non-Operating Income (Expense)2,911.441,012.121,329.65677.05897.49617.03556.67963.821,046.87
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense439.08470.20482.15428.16336.18381.9049.33224.39232.76
Price To Earnings Ratio18.1618.1616.8420.0930.3525.62-20.4116.37
Price To Sales Ratio2.652.171.722.232.132.282.963.182.50
Gross Margin56.5052.0851.3850.1851.1054.0454.1457.6359.12
Operating Margin25.7725.3624.5723.3224.4525.5226.3329.5530.70
Net Margin14.9011.539.808.9910.338.60-1.0617.538.24
Shares Outstanding1,749.531,728.711,753.391,701.781,701.741,698.921,646.251,633.381,630.74
Market Capitalization150,547.06150,547.0687,619.50110,159.65102,111.83102,790.89115,012.44134,002.50107,320.97

Income statement, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S12023S22023S12022S2
Total Revenue31,958.4030,607.9328,861.2729,829.8529,833.3430,087.6629,380.8629,811.24
Cost of Goods Sold Incl. D&A13,715.4713,503.6712,702.9113,299.0813,398.0513,878.7513,558.0813,544.73
Gross Profit18,242.9217,104.2516,158.3616,530.7816,435.3016,208.9015,822.7716,266.50
Selling, General and Administrative Excl. Other9,926.759,296.688,882.569,074.319,233.569,134.349,065.778,953.69
Other Operating Expense0.000.000.00-0.000.000.00-
Operating Income8,316.177,807.577,275.807,456.477,201.747,074.566,757.017,312.81
Interest Expense1,918.892,253.111,918.242,020.062,131.672,514.402,244.662,380.17
Unusual Expense287.28850.77-193.54663.71692.92-182.251,127.84-310.54
Net Income Before Taxes8,625.475,099.665,883.745,583.124,637.755,093.883,748.115,645.89
Income Taxes1,705.681,443.221,415.241,602.881,543.591,042.411,193.94684.20
Consolidated Net Income7,067.943,898.804,604.584,171.873,230.954,241.732,659.335,131.99
Net Income From Continuing Operations6,320.213,005.143,854.623,284.602,560.003,368.551,980.234,284.51
Net Income6,320.213,005.143,854.623,284.602,560.003,368.551,980.234,284.51
EPS (Recurring)3.251.791.841.831.491.581.351.98
EPS (Basic, Before Extraordinaries)3.201.541.941.661.281.700.982.16
EPS (Diluted)3.151.501.901.611.251.640.962.09
EBITDA11,075.8810,870.569,877.4710,397.739,785.709,983.499,247.0610,102.70
Non-Operating Income (Expense)2,515.47395.96332.64808.42261.59350.47364.59402.71
Stock Option Compensation Expense202.70236.38233.61246.27235.88213.29214.85158.53
Price To Earnings Ratio18.1617.7923.3516.8421.7320.0917.6330.35
Price To Sales Ratio2.652.162.371.721.982.231.972.13
Gross Margin57.0855.8855.9955.4255.0953.8753.8554.57
Operating Margin26.0225.5125.2125.0024.1423.5123.0024.53
Net Margin19.789.8213.3611.018.5811.206.7414.37
Shares Outstanding1,749.531,728.711,730.601,753.391,749.941,701.781,704.731,701.74
Market Capitalization150,547.06110,827.62120,492.9687,619.50102,448.09110,159.6596,522.69102,111.83

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments11,944.0011,395.0010,399.0010,070.0012,471.0015,648.007,330.007,161.0012,234.00
Short Term Receivables6,378.005,505.006,372.005,733.005,078.005,134.006,250.006,503.007,046.00
Inventories5,107.005,020.005,583.006,612.005,399.004,482.004,427.004,234.004,119.00
Other Current Assets1,340.001,079.001,013.00771.001,001.001,255.0010,807.00383.00561.00
Total Current Assets24,769.0022,999.0023,367.0023,186.0023,949.0026,519.0028,814.0018,281.0023,960.00
Net Property, Plant & Equipment23,664.0023,503.0026,818.0026,671.0026,678.0026,419.0027,544.0027,615.0027,184.00
Total Investments and Advances5,308.005,041.005,094.004,891.006,083.006,418.006,103.006,535.005,597.00
Long-Term Note Receivable329.00220.00282.00308.00336.00382.00421.00380.00546.00
Intangible Assets159,893.00150,513.00158,329.00153,219.00156,226.00162,498.00170,566.00178,142.00186,814.00
Deferred Tax Assets4,832.004,500.004,614.004,175.003,712.003,790.003,350.003,255.003,725.00
Other Assets2,137.001,868.002,515.002,368.002,386.002,155.001,481.001,398.00809.00
Total Assets220,932.00208,644.00221,019.00214,818.00219,370.00228,181.00238,279.00235,606.00248,635.00
Short Term Debt Incl. Current Port. of LT Debt899.001,449.004,004.001,112.001,461.003,086.005,478.004,698.007,550.00
Accounts Payable17,055.0016,010.0017,729.0018,589.0017,810.0015,898.0015,876.0015,512.0015,240.00
Income Tax Payable1,825.001,805.001,583.001,438.001,334.001,036.001,346.001,220.001,558.00
Other Current Liabilities14,696.0013,802.0013,840.0013,244.0013,579.0012,332.0012,141.0013,396.0011,863.00
Total Current Liabilities34,475.0033,066.0037,156.0034,383.0034,184.0032,352.0034,841.0034,826.0036,211.00
Long Term Debt72,128.0070,720.0074,163.0078,880.0087,369.0095,478.0097,564.00106,997.00108,949.00
Provision for Risks Charges1,700.001,681.001,993.001,930.002,697.003,514.003,548.003,833.004,508.00
Deferred Tax Liabilities13,524.0013,328.0013,553.0013,693.0013,947.0014,398.0014,455.0014,903.0015,616.00
Other Liabilities1,369.001,149.001,478.001,654.001,833.004,088.003,318.003,158.003,131.00
Total Liabilities123,196.00119,944.00128,343.00130,540.00140,030.00149,830.00153,726.00163,717.00168,415.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity87,287.0078,237.0081,848.0073,398.0068,669.0068,024.0075,722.0064,485.0072,585.00
Total Shareholders Equity87,287.0078,237.0081,848.0073,398.0068,669.0068,024.0075,722.0064,485.0072,585.00
Accumulated Minority Interest10,449.0010,463.0010,828.0010,880.0010,671.0010,327.008,831.007,404.007,635.00
Total Equity97,736.0088,700.0092,676.0084,278.0079,340.0078,351.0084,553.0071,889.0080,220.00
Total Liabilities & Stockholders Equity220,932.00208,644.00221,019.00214,818.00219,370.00228,181.00238,279.00235,606.00248,635.00
Book Value Per Share44.7539.6041.2637.0034.6634.4938.6532.9637.54
Tangible Book Value Per Share-42.00-41.22-44.94-46.91-51.54-57.39-58.07-69.70-71.05
Full-Time Employees136,805143,885154,540166,632169,339163,695171,915172,776182,915
Price to Book Ratio1.811.261.661.431.752.032.121.882.97
Return on Assets3.192.722.452.752.08-0.283.701.583.16
Return on Equity8.297.306.898.416.82-0.9112.475.6011.19
Return on Invested Capital4.303.923.433.922.99-0.305.292.554.45
Quick Ratio0.570.540.480.480.540.680.700.400.55
Current Ratio0.720.700.630.670.700.820.830.520.66

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income10,918.258,503.237,402.906,901.677,601.166,104.43147.979,988.145,151.45
Depreciation5,437.875,386.625,525.225,399.354,808.634,594.794,629.484,656.134,619.02
Other Funds (Non Cash)664.942,287.052,807.033,636.621,920.052,151.635,281.78-1,356.753,910.79
Funds from Operations16,737.4915,755.6015,424.7015,247.5813,628.4612,503.3910,028.0313,268.5313,663.28
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital627.18-826.55-396.30-1,962.03-697.382,080.74-24.16-719.87-9.99
Cash from Operating Activities17,364.6714,929.0515,028.4113,285.5412,931.0814,584.1310,003.8712,548.6613,653.29
Capital Expenditures-3,638.60-3,667.31-3,856.18-4,645.18-5,162.83-5,632.17-4,100.00-5,198.03-5,171.43
Net Assets From Acquisitions-4,151.69-324.00-481.15-13.02-90.05-450.29-513.38-384.93-1,435.45
Sale of Fixed Assets and Businesses112.29122.38127.77156.24322.18148.7714,063.60674.87693.25
Purchase or Sale of Investments0.000.000.000.000.000.000.00-9.001,294.61
Purchase of Investments0.000.000.000.000.000.000.00-9.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.001,294.61
Other Uses0.000.000.000.000.000.00-13.090.00-155.83
Other Sources360.6798.30522.08119.18288.1664.900.00605.89754.19
Cash from Investing Activities-7,317.33-3,770.63-3,687.47-4,382.78-4,642.54-5,868.809,437.14-4,311.20-4,020.67
Cash Dividends Paid-3,957.50-4,557.06-2,667.28-3,017.67-2,443.34-2,360.30-1,811.93-5,014.07-7,752.65
Change in Capital Stock-1,681.05-2,308.12-935.34-362.560.000.000.005,573.960.00
Repurchase of Common Pref Stock-1,681.05-2,308.12-935.34-362.560.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.005,573.960.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.005,573.960.00
Issuance or Reduction of Debt, Net-2,208.34-2,468.61-3,823.23-2,900.49-7,177.93-8,497.67-8,348.97-8,006.51-4,701.93
Change in Long Term Debt------0.00--
Issuance of Long Term Debt------0.00--
Reduction of Long Term Debt------0.00--
Net Financing Active Other Cash Flow-994.74-1,092.37-1,190.89-1,525.360.000.00-6.040.000.00
Other Financing Activities Uses-1,100.05-1,092.37-1,191.89-1,525.360.000.00-6.040.000.00
Cash from Financing Activities-9,650.79-11,161.43-9,402.36-8,587.28-10,231.60-11,388.14-10,631.00-7,887.53-12,877.13
Exchange Rate Effect113.61453.40-1,080.09109.17-211.12-525.18-678.47-140.97-147.84
Net Change in Cash510.16450.39858.48424.66-2,154.18-3,197.988,131.54208.96-3,392.34
Free Cash Flow13,726.0711,261.7411,172.238,640.367,768.258,951.966,197.817,375.628,653.68
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow16.9519.2712.0323.6123.1118.7931.8570.38146.88
Deferred Taxes & Investment Tax Credit--421.30-310.45-690.07-701.38-347.46-31.21-19.00-17.98

Balance sheet, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S12023S2
Cash & Short Term Investments8,011.0011,944.007,372.0011,395.007,644.0010,399.00
Short Term Receivables7,255.006,378.007,079.005,505.006,682.006,372.00
Inventories5,528.005,107.005,475.005,020.005,567.005,583.00
Other Current Assets1,447.001,340.001,289.001,079.001,133.001,013.00
Total Current Assets22,242.0024,769.0021,215.0022,999.0021,026.0023,367.00
Net Property, Plant & Equipment22,998.0023,664.0023,854.0023,503.0025,086.0026,818.00
Total Investments and Advances5,540.005,308.005,074.005,041.005,234.005,094.00
Intangible Assets162,220.00159,893.00155,878.00150,513.00154,154.00158,329.00
Deferred Tax Assets2,766.004,832.002,730.004,500.002,771.004,614.00
Other Assets2,268.002,137.002,097.001,868.002,258.002,515.00
Total Assets218,385.00220,932.00211,107.00208,644.00210,720.00221,019.00
Short Term Debt Incl. Current Port. of LT Debt3,410.00899.003,599.001,449.002,257.004,004.00
Accounts Payable24,605.0025,455.0022,188.0016,010.0021,708.0017,729.00
Income Tax Payable1,235.001,825.001,386.001,805.001,144.001,583.00
Other Current Liabilities4,226.006,296.005,836.0013,802.005,457.0013,840.00
Total Current Liabilities33,476.0034,475.0033,009.0033,066.0030,566.0037,156.00
Long Term Debt68,908.0072,128.0071,979.0070,720.0075,944.0074,163.00
Deferred Tax Liabilities11,565.0013,524.0011,385.0013,328.0011,761.0013,553.00
Other Liabilities1,605.001,369.001,681.001,149.001,343.001,478.00
Total Liabilities117,200.00123,196.00119,693.00119,944.00121,477.00128,343.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity93,500.0087,287.0080,671.0078,237.0078,517.0081,848.00
Total Shareholders Equity93,500.0087,287.0080,671.0078,237.0078,517.0081,848.00
Accumulated Minority Interest7,685.0010,449.0010,743.0010,463.0010,725.0010,828.00
Total Equity101,185.0097,736.0091,414.0088,700.0089,242.0092,676.00
Total Liabilities & Stockholders Equity218,385.00220,932.00211,107.00208,644.00210,719.00221,019.00
Book Value Per Share47.4244.7541.3139.6039.8241.26
Tangible Book Value Per Share-39.28-42.00-43.46-41.22-43.22-44.94
Price to Book Ratio1.811.551.541.261.211.66
Return on Assets4.343.193.382.722.782.45
Return on Equity10.718.298.977.307.606.89
Return on Invested Capital3.891.892.532.211.662.16
Quick Ratio0.500.570.480.540.510.48
Current Ratio0.660.720.640.700.690.63

Cash flow, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S12023S2
Net Income7,067.943,850.304,604.584,170.633,230.954,240.99
Depreciation2,552.512,885.362,470.632,940.272,583.962,908.24
Other Funds (Non Cash)-1,819.792,484.72-210.671,466.621,339.902,702.39
Funds from Operations7,762.638,974.866,691.158,443.856,978.099,524.28
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-2,516.473,143.65-3,965.504,017.87-4,414.102,853.19
Cash from Operating Activities5,246.1512,118.512,725.6512,461.722,563.9912,377.47
Capital Expenditures-1,407.38-2,231.22-1,415.24-2,123.19-1,761.25-2,533.84
Net Assets From Acquisitions-4,150.08-1.61-320.55-48.74-432.32-2.00
Sale of Fixed Assets and Businesses46.0566.2455.4475.8351.92112.14
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources310.3050.3747.38521.980.00109.14
Cash from Investing Activities-5,201.11-2,116.22-1,632.97-1,544.16-2,142.65-2,314.55
Cash Dividends Paid-2,598.55-1,358.95-3,172.20-528.15-2,138.66-1,090.94
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-1,302.28-378.77-1,916.22-98.49-836.69-362.49
Repurchase of Common Pref Stock-1,302.28-378.77-1,916.22-98.49-836.69-362.49
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net246.24-2,524.1369.55-4,944.791,122.24-3,055.17
Net Financing Active Other Cash Flow-100.10-894.64-191.52-554.67-636.01-1,525.06
Other Financing Activities Uses-319.31-780.73-305.43-555.67-636.01-1,525.06
Cash from Financing Activities-4,120.05-5,530.74-5,567.23-6,506.20-2,894.47-6,455.13
Exchange Rate Effect76.0737.54413.28-617.62-462.28-82.16
Net Change in Cash-3,998.934,509.09-4,061.263,793.74-2,935.413,525.63
Free Cash Flow3,838.779,887.301,310.4110,338.53831.709,843.64
Price to Free Cash Flow16.9519.2917.5212.0415.9623.61

Revenue breakdown

Belgium2024: 59.77B 2025: 59.32B
Beer Business2024: 53.66B 2025: 53.05B
Consolidation, Policy2024: -1.00M 2025: 1.00M
Non Beer Business2024: 6.11B 2025: 6.27B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.38%6.6M1749.5M2.16M
2026-10-150.34%5.9M1749.5M2.09M
2026-09-300.37%6.5M1749.5M2.09M
2026-09-150.40%7.0M1749.5M2.17M
2026-08-310.36%6.3M1749.5M2.07M
2026-08-140.32%5.5M1749.5M1.97M
2026-07-310.36%6.3M1749.5M2.03M
2026-07-150.38%6.7M1728.7M1.99M
2026-06-300.43%7.5M1728.7M1.96M
2026-06-150.38%6.5M1728.7M1.94M
2026-05-290.36%6.3M1728.7M1.95M
2026-05-150.29%5.0M1728.7M2.04M
2026-04-300.30%5.2M1728.7M2.24M
2026-04-150.31%5.3M1728.7M2.29M
2026-03-310.30%5.2M1728.7M2.32M
2026-03-130.36%6.1M1728.7M2.22M
2026-02-270.39%6.7M1728.7M2.18M
2026-02-130.38%6.6M1728.7M2.14M
2026-01-300.42%7.3M1730.6M1.98M
2026-01-150.45%7.7M1730.6M2.08M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call45.0039.2042.4037.505.6121.000.000.994-0.0720.001
call50.0034.2036.4032.503.5431.000.000.993-0.0710.001
call55.0029.3032.300.004.0680.000.000.981-0.1650.004
call60.0025.6026.600.002.7660.000.000.977-0.1590.004
call62.0023.8024.9023.932.86332.003.000.975-0.1570.004
call63.0022.7023.9023.022.75333.006.000.974-0.1560.005
call64.0021.8022.6022.092.3594.005.000.973-0.1540.005
call65.0020.5021.9021.182.5383.003.000.972-0.1530.005
call66.0019.1020.6020.132.1621.002.000.971-0.1510.005
call67.0018.3019.8019.102.2451.001.000.969-0.1500.005
call68.0017.3018.400.001.7700.000.000.968-0.1480.005
call69.0015.2018.100.002.2620.000.000.966-0.1460.006
call70.0014.6017.000.002.0930.000.000.964-0.1440.006
call71.0014.8016.0015.041.9881.002.000.962-0.1420.006
call72.0012.9015.400.002.1210.000.000.960-0.1400.006
call73.0012.3014.200.001.9010.000.000.958-0.1380.007
call74.0011.4013.400.001.9030.000.000.955-0.1350.007
call75.009.8012.400.001.7920.000.000.952-0.1320.008
call76.008.8012.100.002.0090.000.000.948-0.1290.008
call77.008.4010.005.651.3610.000.000.944-0.1260.009
call78.007.908.602.571.0321.000.000.937-0.1270.009
call79.006.907.705.310.9959.000.000.925-0.1350.011
call80.005.706.502.670.78512.000.000.916-0.1310.012
call81.003.307.102.351.15041.000.000.866-0.1890.016
call82.003.105.402.250.99091.000.000.836-0.1940.019
call83.002.403.602.000.5499.000.000.823-0.1620.020
call84.002.102.651.450.45942.000.000.761-0.1700.023
call85.001.302.001.600.46553.002.000.629-0.2360.029
call86.000.401.450.810.4697042.000.516-0.2180.030
call87.000.000.900.400.4328.001.000.396-0.2260.029
call88.000.000.400.300.36210913.000.261-0.1670.025
call89.000.050.250.180.3845.002.000.250-0.2330.024
call90.000.000.400.130.46431.002.000.204-0.2260.021
call91.000.000.750.000.5400.000.000.184-0.2430.020
call92.000.000.450.000.6120.000.000.130-0.1860.016
call93.000.000.750.000.6820.000.000.114-0.1840.015
call94.000.000.750.000.7490.000.000.101-0.1820.013
call95.000.000.950.000.8130.000.000.090-0.1770.012
call96.000.000.750.000.8770.000.000.085-0.1820.012
call97.000.000.950.000.9390.000.000.080-0.1870.011
put45.000.000.050.002.6400.000.00-0.006-0.0530.002
put50.000.000.050.002.2390.000.00-0.007-0.0520.002
put55.000.002.150.002.6000.000.00-0.019-0.1630.004
put60.000.000.750.352.1551.000.00-0.023-0.1570.004
put62.000.000.750.401.9851.000.00-0.025-0.1540.004
put63.000.000.750.001.9020.000.00-0.026-0.1530.005
put64.000.000.750.001.8200.000.00-0.027-0.1510.005
put65.000.000.750.001.7380.000.00-0.028-0.1500.005
put66.000.000.750.001.6580.000.00-0.029-0.1480.005
put67.000.000.750.001.5780.000.00-0.031-0.1460.005
put68.000.000.750.181.4991.000.00-0.032-0.1440.005
put69.000.000.750.001.4220.000.00-0.034-0.1430.006
put70.000.000.750.511.3441.000.00-0.036-0.1410.006
put71.000.000.750.001.2670.000.00-0.038-0.1380.006
put72.000.000.750.061.1908.000.00-0.040-0.1360.006
put73.000.000.750.001.1150.000.00-0.042-0.1340.007
put74.000.000.750.151.03812.000.00-0.045-0.1310.007
put75.000.000.750.150.9639.000.00-0.048-0.1280.008
put76.000.000.750.050.88719.000.00-0.052-0.1250.008
put77.000.000.750.150.81218.000.00-0.056-0.1220.009
put78.000.000.750.050.73717.000.00-0.063-0.1230.009
put79.000.000.150.150.66111.0011.00-0.075-0.1310.011
put80.000.000.750.100.58529.000.00-0.084-0.1260.012
put81.000.000.750.150.50715.000.00-0.135-0.1850.016
put82.000.050.150.050.4294313.00-0.164-0.1900.019
put83.000.100.250.800.41010.000.00-0.176-0.1560.020
put84.000.200.350.000.3630.000.00-0.240-0.1650.024
put85.000.150.901.730.4551140.00-0.372-0.2310.029
put86.000.051.000.000.3420.000.00-0.484-0.2130.030
put87.001.101.855.450.4401.000.00-0.602-0.2210.029
put88.002.002.450.000.4100.000.00-0.741-0.1610.025
put89.002.154.400.000.8720.000.00-0.750-0.2270.024
put90.002.805.300.000.9480.000.00-0.795-0.2210.022
put91.003.706.900.001.1990.000.00-0.816-0.2370.020
put92.005.306.706.240.8941.001.00-0.869-0.1810.016
put93.006.607.707.170.9781.001.00-0.886-0.1780.015
put94.007.408.900.001.1550.000.00-0.899-0.1760.013
put95.008.409.9011.161.2361.000.00-0.910-0.1710.012
put96.008.5011.8012.081.7121.000.00-0.915-0.1760.012
put97.008.9012.900.001.8390.000.00-0.920-0.1810.011

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-29SEC
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-29SEC
2026-08-14144Filing for proposed sale of securities under Rule 144.SEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-30SEC
2026-06-2911-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-166-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-16SEC
2026-05-26SDSpecialized Disclosure ReportSEC
2026-05-15SCHEDULE 13D/ASEC
2026-05-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-14SEC
2026-05-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-05SEC
2026-05-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-05SEC
2026-04-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-29SEC
2026-03-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-27SEC
2026-03-036-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-03SEC
2026-03-03IRANNOTICENotice of Iran-related disclosure filed pursuant to Section 13(r)(3) of the Exchange ActSEC
2026-03-0320-FRegistration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer.2025-12-31SEC
2026-03-026-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-02SEC
2026-02-13144Filing for proposed sale of securities under Rule 144.SEC
2026-02-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-13SEC
2026-01-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-01-30SEC
2026-01-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-01-06SEC
2025-10-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-10-30SEC
2025-10-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-10-30SEC
2025-07-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-06-30SEC
2025-07-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-07-31SEC
2025-06-2611-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2024-12-31SEC
2025-06-126-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-06-12SEC
2025-05-30SDSpecialized Disclosure ReportSEC
2025-05-3025-NSESEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
DODGE & COX1.71%
Fisher Asset Management, LLC0.73%
MORGAN STANLEY0.23%
Connor, Clark & Lunn Investment Management Ltd.0.19%
WELLINGTON MANAGEMENT GROUP LLP0.18%
FMR LLC0.18%
Point72 Asset Management, L.P.0.13%
GOLDMAN SACHS GROUP INC0.11%
GATES FOUNDATION TRUST0.10%
Holocene Advisors, LP0.10%

Funds

Fund% owned
Dodge & Cox Stock Fund1.25%
THE HARTFORD DIVIDEND AND GROWTH FUND0.12%
Dodge & Cox Balanced Fund0.11%
Bridge Builder Large Cap Value Fund0.06%
Seafarer Overseas Growth and Income Fund0.06%
HARTFORD DIVIDEND AND GROWTH HLS FUND0.02%
First Trust Value Line Dividend Index Fund0.02%
DAVENPORT VALUE & INCOME FUND0.02%
Amplify CWP International Enhanced Dividend Income ETF0.02%
Avantis International Equity ETF0.01%

OakChart. BUD. Cached 15 minutes.