AMBEV S.A. (ABEV)

2.86 -0.69% (-0.02)

Over 1Y: +35.9%

2026-08-28
Style
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2 2.5 3 3.5
Aug Oct Dec Feb Apr Jun Aug

Financials Annual

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
2021 — Revenue: 72.9B 2021 — Operating Cash Flow: 22.9B 2021 — Free Cash Flow: 15.2B 2021 — Net Income: 13.1B 2022 — Revenue: 79.7B 2022 — Operating Cash Flow: 20.6B 2022 — Free Cash Flow: 14.1B 2022 — Net Income: 14.9B 2023 — Revenue: 79.7B 2023 — Operating Cash Flow: 24.7B 2023 — Free Cash Flow: 18.7B 2023 — Net Income: 15B 2024 — Revenue: 89.5B 2024 — Operating Cash Flow: 26.1B 2024 — Free Cash Flow: 21.3B 2024 — Net Income: 14.8B 2025 — Revenue: 88.2B 2025 — Operating Cash Flow: 24.5B 2025 — Free Cash Flow: 19.9B 2025 — Net Income: 16B 0 20B 40B 60B 80B 100B
2021 2022 2023 2024 2025
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-12-31, reported in BRL. The newest fact in the filings is dated 2025-12-31, 242 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

6.5
SBC / sales 0.48%
OE margin 22.0%
Oper. margin 26.4%
ROIC 25.4%
Accruals -5.8%
ROA 11.0%
ROCE 23.4%
FCF margin 22.5%
Gross margin 51.4%
OCF margin 27.7%
ROE 18.2%
OCF / EBIT 1.0×

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

0.5
RPO / sales —
RPO growth —
Segment HHI —

0 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

4.2
ND/EBITDA —
Current ratio 0.96×
Cash / Debt 5.5×
Debt / Eq 0.039×
Debt payback 0.0 yr
Payout 0.0%
Quick ratio 0.73×
Cash runway —
F-score —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.0
Sales/sh Y/Y -0.53%
Shares change -0.83%
EPS CAGR 4Y +5.5%
EPS Y/Y +8.6%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS next Y —
Sales CAGR 4Y —
Sales Q/Q —

1 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.