Anheuser-Busch InBev SA/NV logo BUD - Anheuser-Busch InBev SA/NV

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 26
HOLD 16
SELL 3
STRONG
SELL 0
| PRICE TARGET: $89.83 DETAILS
HIGH: $100.00
LOW: $84.50
MEDIAN: $85.00
CONSENSUS: $89.83
UPSIDE: 7.97%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue
Revenue 59,320 59,768 59,380 57,786 54,304 46,881 52,329 53,041 54,859 45,517 43,604 47,063 43,195 39,758 39,046 36,297 36,758 23,507 19,735 17,563.9 13,805.4 11,614.8 8,871.2 7,337.1
Cost of Revenue 26,141 26,744 27,396 26,305 23,097 19,634 20,362 19,933 20,975 17,803 17,137 18,756 17,594 16,422 16,610 16,151 17,198 10,336 8,118 7,228.5 6,019.1 5,411.6 4,263.1 3,586.7
Gross Profit 33,179 33,024 31,984 31,481 31,207 27,247 31,967 33,108 33,884 27,715 26,467 28,307 25,601 23,336 22,436 20,146 19,560 13,171 11,617 10,335.4 7,786.2 6,203.2 4,608.1 3,750.4
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 18,133 18,340 18,173 17,555 17,575 15,369 16,421 16,807 17,760 15,171 13,732 14,385 12,558 11,241 10,505 9,585 9,973 7,713 6,616 6,172.7 5,034.9 3,727.9 3,488.5 2,799.7
Other Expenses (604) (803) (155) (591) (192) 2,258 (552) (113) (336) (339) (651) (1,189) (7,400) (652) (415) (336) (1,982) 118 (871) 33.0 148.0 694.1 63.0 186.8
Operating Expenses 17,529 17,537 18,018 16,964 17,383 17,627 15,869 16,694 17,424 14,832 13,081 13,196 5,158 10,589 10,090 9,249 7,991 7,831 5,745 6,205.7 5,182.9 4,422.0 3,551.5 2,986.5
Operating Income
Operating Income 15,650 15,487 13,966 14,517 13,824 9,620 16,098 16,414 16,460 12,882 13,386 15,111 20,443 12,747 12,346 10,897 11,569 5,340 5,872 4,129.7 2,603.3 1,781.3 1,056.6 763.9
Interest Expense 3,864 4,466.1 4,759.4 4,611.5 4,395.1 4,734.2 5,023.1 4,865.8 5,097.1 4,848.3 2,227.4 2,626.9 2,369.6 2,290.9 2,885.1 1,954.8 1,782.7 812.1 338.1 617.6 593.7 340.4 0 0
Interest Income 628 590.0 565.9 294.2 112.8 151.0 409.9 332.6 290.0 559.8 337.4 333.7 286.6 207.2 326.2 315.6 151.6 122.9 73.9 76.6 120.2 96.9 0 0
Profitability
EBITDA 20,844 20,296 19,067 18,981 17,788 11,558 22,327 21,626 20,019 12,652 17,907.6 19,611 24,040 16,190 15,481 13,659 15,247 7,600 7,438 5,792.6 3,980.8 3,250.7 1,738.0 1,325.3
EBIT 15,192 14,752 13,656 13,903 12,736 6,729 17,670 17,002 15,394 9,175 14,884 16,258 21,055 13,443 12,698 10,871 12,429 5,688 6,030 4,350.1 2,929.0 2,342.5 1,056.6 763.9
Income Before Tax 11,328 10,568 9,124 9,524 8,463 2,079 12,776 7,741 10,264 4,334 12,460 13,801 18,534 11,005 9,685 7,682 7,663 3,800 5,055 3,506.7 2,123.6 1,579.3 935.7 697.8
Income Tax Expense 2,850 3,152 2,234 1,928 2,350 1,932 2,786 2,585 1,658 1,613 2,594 2,499 2,016 1,680 1,826 1,920 1,786 674 888 700.8 463.1 361.9 233.0 170.0
Net Income 6,837 5,855 5,341 5,969 4,670 1,405 9,171 4,370 7,990 1,241 8,272 9,216 14,394 7,160 5,779 4,026 4,613 1,927 3,005 2,805.9 1,660.5 1,217.3 636.0 490.0
Per Share Data
EPS (Basic) 3.46 2.92 2.65 2.97 2.33 0.70 4.62 2.21 4.06 0.72 5.84 5.64 8.90 4.53 3.67 2.53 2.91 1.93 3.08 1.91 1.12 1.27 0.92 0.71
EPS (Diluted) 3.46 2.86 2.60 2.91 2.28 0.70 4.53 2.17 3.98 0.71 5.84 5.54 8.72 4.45 3.63 2.50 2.91 1.93 3.06 1.90 1.11 1.26 0.91 0.70
Shares Outstanding 1,984 2,003 2,016 2,013 2,007 1,998 1,984 1,975 1,971 1,717 1,635 1,634 1,617 1,600 1,595 1,592 1,585.2 999 976 972.5 959.7 767.8 691.0 689.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Current Assets
Cash & Cash Equivalents 11,638 11,174 10,332 9,900 12,019 15,168 7,238 7,074 10,472 8,579 6,923 8,357 9,839 7,051 5,320 4,511 3,689 2,936 1,930.4 826.2 726.0 1,323.1 560.4 225.6
Short-Term Investments 306 221 67 97 374 396 92 87 1,304 5,659 55 301 123 6,827 103 641 55 270 261.0 294.3 207.3 2.7 0 32.5
Net Receivables 6,378 5,505 4,417 5,734 3,564 3,401 4,166 6,503 4,918 7,187 3,298 3,415 2,985 3,367 4,433 5,004 4,689 4,706 4,233 3,393.2 2,790.4 2,680.0 1,900.4 1,649.6
Inventory 5,107 5,020 5,583 6,525 5,399 4,482 4,322 4,111 4,018 3,824 2,759 2,888 2,872 2,461 2,466 2,409 2,354 2,903 1,631.5 1,342.2 1,100.3 1,148.2 579.3 465.9
Other Current Assets 772 586 2,494 433 2,165 2,634 12,328 54 2,719 17,406 4,691 2,940 2,177 432 1 32 66 51 60 431.6 225.0 176.2 40.3 97.6
Total Current Assets 24,769 22,999 23,367 23,186 23,949 26,519 28,814 18,281 23,960 43,061 18,294 18,541 18,690 20,630 12,323 12,597 10,853 11,360 8,075.9 6,287.5 5,049.1 5,330.2 3,080.5 2,471.2
Non-Current Assets
Property, Plant & Equipment 23,664 23,503 26,818 26,671 26,677 26,419 27,544 25,910 27,184 27,522 18,952 20,263 20,889 16,461 16,022 15,893 16,461 19,674 9,665.1 8,316.1 7,102.8 7,182.0 4,208.9 3,685.3
Goodwill 117,908 110,479 117,043 113,010 115,796 120,971 128,114 133,311 140,940 136,532 65,061 70,758 69,926 51,766 51,302 52,498 52,125 49,556 20,170.0 16,240.2 13,156.3 10,111.4 4,715.2 3,838.5
Intangible Assets 41,985 40,034 41,286 40,210 40,430 41,527 42,452 44,831 45,874 44,569 29,677 29,923 29,338 24,371 23,818 23,359 23,165 23,673 1,822.5 1,669.5 639.6 333.5 287.1 139.6
Long-Term Investments 7,179 4,780 5,050 4,831 6,035 6,280 5,971 6,244 5,363 4,406 260 228 380 7,346 6,940 7,538 7,021 7,107 282.9 69.9 52.1 379.6 869.0 946.5
Other Non-Current Assets 595 2,349 2,841 2,735 2,771 2,675 2,034 2,069 1,589 1,030 1,210 1,779 1,263 1,240 1,349 1,713 1,951 858 860.2 925.2 804.2 864.9 458.4 406.1
Total Non-Current Assets 194,039 183,638 195,973 189,757 193,678 199,891 207,834 213,822 222,166 215,320 116,341 124,009 122,976 101,991 100,104 101,745 101,672 101,800 33,767.3 28,352.0 22,856.5 19,878.5 10,751.5 9,224.8
Total Assets 218,808 206,637 219,340 212,943 217,627 226,410 236,648 232,103 246,126 258,381 134,635 142,550 141,666 122,621 112,427 114,342 112,525 113,160 41,843.2 34,639.5 27,905.6 25,208.8 13,832.0 10,724.4
Current Liabilities
Account Payables 17,055 16,010 17,729 18,589 17,810 15,898 15,876 15,512 15,240 14,071 11,616 10,913 9,834 8,476 13,337 12,071 11,377 10,238 6,492 5,172.3 4,101.6 4,451.8 2,463.4 2,035.7
Short-Term Debt 899 893 3,301 775 1,014 2,953 5,184 4,288 8,539 8,776 6,160 7,489 7,849 5,387 5,567 2,933 2,043 12,066 2,213.2 1,707.8 1,459.2 2,947.1 877.8 1,513.2
Deferred Revenue 0 0 0 0 51 27 21 32 30 52 49 53 38 28 499 478 526 405 272.6 333.9 234.5 420.2 153.6 235.1
Other Current Liabilities 12,448 6,077 8,387 7,762 6,804 7,040 7,219 8,007 5,358 5,947 6,645 4,359 3,509 1,229 241 238 308 1,715 296.8 545.1 350.6 109.8 109.6 86.0
Total Current Liabilities 34,475 33,066 37,156 34,383 34,184 32,352 34,841 34,459 36,211 40,116 28,456 27,208 25,627 20,408 19,644 15,720 14,254 24,424 9,746.7 7,759.1 6,145.8 7,928.9 3,604.4 3,870.0
Non-Current Liabilities
Long-Term Debt 72,128 68,972 72,037 76,917 85,539 93,641 95,872 105,422 108,763 113,733 43,419 43,500 41,142 38,813 34,598 44,256 49,028 48,424 7,559.7 6,791.7 5,289.5 3,005.4 2,770.7 1,503.7
Deferred Tax Liabilities 11,400 11,321 11,874 11,818 12,204 12,627 12,824 13,165 13,107 16,678 11,961 12,701 12,841 11,168 11,279 11,909 12,495 12,076 682.3 840.7 324.5 425.7 316.1 253.9
Other Non-Current Liabilities 3,068 2,829 3,471 3,584 4,530 0 0 18,743 20,746 6,221 16,919 17,455 19,457 6,653 1,548 3,658 3,577 3,805 2,115.6 741.7 1,661.7 1,268.8 163.7 171.0
Total Non-Current Liabilities 86,596 84,871 89,508 94,282 104,103 115,707 117,254 125,740 129,695 136,840 60,460 61,085 60,731 56,772 51,739 59,823 65,100 64,305 10,357.6 8,374.1 7,275.8 4,599.6 3,250.5 1,928.7
Total Liabilities 121,071 117,937 126,664 128,665 138,287 148,059 152,095 160,199 165,906 176,956 88,916 88,293 86,358 77,180 71,383 75,543 79,354 88,729 20,104.4 16,133.2 13,421.6 12,528.5 6,854.9 5,798.7
Stockholders' Equity
Common Stock 1,736 1,736 1,736 1,736 1,736 1,736 1,736 1,736 1,736 1,736 1,736 1,736 1,735 1,734 1,734 0 0 0 691.1 624.3 556.7 601.9 419.4 349.4
Retained Earnings 50,128 46,577 42,215 38,823 33,882 30,870 31,484 26,074 28,394 28,214 35,949 35,174 31,004 21,677 17,820 13,656 10,448 6,482 7,886.3 4,833.1 3,195.5 2,667.8 1,768.2 1,092.4
Accumulated Other Comprehensive Income 22,885 16,190 23,741 18,925 19,425 17,798 24,882 19,056 24,835 23,769 (13,168) (4,558) 18 157 0 0 0 0 425.7 943.7 1,147.7 478.5 292.2 113.3
Total Stockholders' Equity 87,287 78,237 81,848 73,398 68,669 68,024 75,722 64,486 72,585 71,339 42,137 49,972 50,365 41,142 37,492 35,259 30,318 22,442 21,738.8 15,022.0 13,137.4 11,004.8 5,428.0 4,439.8
Total Liabilities & Equity 218,808 206,637 219,340 212,943 217,627 226,410 236,648 232,103 246,126 258,381 134,635 142,550 141,666 122,621 112,427 114,342 112,525 113,160 41,843.2 32,316.6 27,905.6 24,091.7 13,832.0 10,724.4
Debt Metrics
Total Debt 73,027 72,170 78,168 79,991 88,830 98,565 103,041 109,914 116,499 122,743 49,466 51,122 49,126 44,341 40,165 47,189 51,071 60,490 9,773.0 8,499.5 6,748.7 5,952.4 3,648.5 3,016.9
Net Debt 61,389 60,996 67,836 70,091 76,811 83,397 95,803 102,840 106,027 114,164 42,543 42,765 39,287 37,290 34,845 42,678 47,382 57,554 7,842.6 7,673.3 6,022.7 4,629.4 3,088.0 2,791.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Operating Activities
Net Income 6,858.2 5,844.7 5,349.3 5,972.3 4,662.7 (654.3) 8,745.4 3,834.9 8,050.3 1,190.4 8,233.8 9,180.6 14,421.8 7,200.5 5,894.0 4,021.5 4,630.4 1,884.6 3,008.7 1,771.1 1,120.5 974.7 636.0 490.0
Depreciation & Amortization 5,669.5 5,525.2 5,399.3 5,076.8 4,763.5 4,629.5 4,656.1 4,619.0 4,415.2 3,469.4 3,023.6 3,218.6 2,910.6 2,700.2 2,710.0 2,782.9 2,694.1 1,843.7 1,466.0 1,270.3 1,100.6 908.3 681.3 561.4
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (826.5) (396.3) (1,962.0) (697.4) 2,080.7 (24.2) (719.9) (10.0) (401.1) (296.3) 1,330.7 355.6 867.7 1,105.2 1,418.4 225.7 239.9 310.2 (127.3) 164.4 (177.2) 16.3 (152.4) (159.5)
Other Non-Cash Items 3,228.0 4,365.3 5,189.0 3,280.8 3,424.6 6,084.1 (114.0) 5,227.4 3,525.1 5,724.4 1,466.0 1,334.9 (4,309.3) 2,337.2 2,546.9 2,863.8 1,594.0 2,091.0 1,215.5 920.1 789.5 (23.0) 284.6 204.6
Operating Cash Flow 14,929.1 15,028.4 13,285.5 12,931.1 14,584.1 10,003.9 12,548.7 13,653.3 15,589.4 10,087.8 14,054.0 14,089.7 13,890.8 13,343.1 12,569.3 9,893.9 9,158.5 6,129.5 5,562.9 4,125.8 2,833.4 1,876.2 1,449.6 1,096.6
Investing Activities
Capital Expenditure (3,667.3) (3,856.2) (4,645.2) (5,162.8) (5,632.2) (3,806.1) (5,173.0) (4,999.6) (4,790.0) (4,968.1) (4,726.5) (4,378.1) (3,876.5) (3,282.5) (3,398.5) (2,341.4) (1,719.5) (2,625.0) (2,027.2) (1,589.1) (1,285.3) (1,165.8) (857.7) (637.0)
Acquisitions (237.7) (353.4) 143.2 232.1 (301.5) 13,550.2 289.9 (742.2) 11,671.4 (49,306.6) (798.2) (6,494.0) (17,272.3) (1,354.6) 109.7 279.7 5,811.9 (58,207.3) (1,075.9) (2,730.1) (1,916.2) (1,209.2) (482.3) (476.4)
Purchases of Investments 0 0 0 0 0 0 (9.0) 0 0 (5,570.8) 0 (186.3) 0 (6,739.9) 0 (603.3) 0 0 (553.0) (20.1) (96.7) (16.3) (78.1) (189.9)
Sales/Maturities of Investments 0 0 0 0 0 0 0 1,294.6 4,381.8 0 168.2 0 6,719.9 0 532.5 25.0 939.5 13.2 557.1 20.1 265.2 1,565.7 125.9 166.8
Other Investing Activities 134.4 522.1 119.2 288.2 64.9 (13.1) 605.9 598.4 (3,253.3) (109.8) 155.3 (50.8) 4,127.9 (28.2) 7.0 96.9 257.0 (876.5) 8.2 92.9 8.7 143.7 109.6 122.8
Investing Cash Flow (3,770.6) (3,687.5) (4,382.8) (4,642.5) (5,868.8) 9,437.1 (4,311.2) (4,020.7) 7,727.0 (59,955.2) (5,201.2) (11,109.2) (10,300.8) (11,405.2) (2,749.2) (2,543.1) 5,288.9 (61,695.7) (3,227.7) (4,369.4) (3,202.7) (681.9) (1,182.6) (1,013.7)
Financing Activities
Net Debt Issuance (2,468.6) (3,823.2) (2,900.5) (7,177.9) (8,497.7) (8,349.0) (8,006.5) (4,701.9) (10,084.1) 62,537.5 454.8 3,245.5 4,466.6 3,669.7 (4,588.4) (4,289.2) (11,841.6) 51,415.0 491.4 1,100.8 701.5 (109.8) 294.7 (200.4)
Stock Repurchased (2,308.1) (935.3) (362.6) 0 0 0 0 0 0 0 (995.3) 0 0 0 0 0 0 (788.7) (821.3) (74.1) (147.5) 0 0 0
Dividends Paid (4,557.1) (2,667.3) (3,017.7) (2,443.3) (2,360.3) (1,811.9) (5,014.1) (7,752.6) (9,370.8) (8,431.5) (7,928.2) (7,371.6) (6,265.1) (3,652.6) (3,108.6) (1,921.8) (1,318.0) (3,055.2) (1,052.6) (774.5) (704.0) (310.4) (211.6) (149.0)
Other Financing Activities (1,827.6) (1,976.5) (2,306.6) (610.3) (530.2) (470.1) (440.9) (422.5) (1,557.9) (3,476.4) (478.7) 238.1 2,067.0 43.2 (1,515.0) (753.2) (62.2) (624.8) (60.2) (94.1) 0 (8.1) 0 0
Financing Cash Flow (11,161.4) (9,402.4) (8,587.3) (10,231.6) (11,388.1) (10,631.0) (7,887.5) (12,877.1) (21,012.9) 50,629.7 (8,942.4) (3,805.3) 341.7 162.9 (9,056.0) (6,749.4) (13,145.5) 56,218.8 (1,327.8) 261.1 (80.6) (489.4) 91.9 (346.3)
Cash Position
Net Change in Cash 464 842 359 (2,124) (3,155) 8,014 164 (3,398) 1,893 1,656 (1,434) (1,482) 2,788 4,915 724 (226) (285.8) 744.0 746.0 141.3 292.5 699.5 336.3 (268.6)
Cash at Beginning 11,174 10,332 9,973 12,097 15,252 7,238 7,074 10,472 8,579 6,923 8,357 9,839 7,051 2,136 1,412 1,638 1,923.8 1,179.9 433.8 292.5 0 488.0 117.1 366.2
Cash at End 11,638 11,174 10,332 9,973 12,097 15,252 7,238 7,074 10,472 8,579 6,923 8,357 9,839 7,051 2,136 1,412 1,638 1,923.8 1,179.9 433.8 292.5 1,187.5 453.4 97.6
Free Cash Flow 11,261.7 11,172.2 8,640.4 7,768.3 8,952.0 6,197.8 7,375.6 8,653.7 10,799.5 5,119.7 9,327.5 9,711.6 10,014.3 10,060.6 9,170.7 7,552.5 7,439.0 3,504.4 3,535.7 2,536.8 1,548.1 710.3 591.9 459.6
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Income Statement
Revenue 59,320 59,768 59,380 57,786 54,304 46,881 52,329 53,041 54,859 45,517 43,604 47,063 43,195 39,758 39,046 36,297 36,758 23,507 19,735 17,563.9 13,805.4 11,614.8 8,871.2 7,337.1
Gross Profit 33,179 33,024 31,984 31,481 31,207 27,247 31,967 33,108 33,884 27,715 26,467 28,307 25,601 23,336 22,436 20,146 19,560 13,171 11,617 10,335.4 7,786.2 6,203.2 4,608.1 3,750.4
Operating Income 15,650 15,487 13,966 14,517 13,824 9,620 16,098 16,414 16,460 12,882 13,386 15,111 20,443 12,747 12,346 10,897 11,569 5,340 5,872 4,129.7 2,603.3 1,781.3 1,056.6 763.9
Net Income 6,837 5,855 5,341 5,969 4,670 1,405 9,171 4,370 7,990 1,241 8,272 9,216 14,394 7,160 5,779 4,026 4,613 1,927 3,005 2,805.9 1,660.5 1,217.3 636.0 490.0
EPS (Diluted) 3.46 2.86 2.60 2.91 2.28 0.70 4.53 2.17 3.98 0.71 5.84 5.54 8.72 4.45 3.63 2.50 2.91 1.93 3.06 1.90 1.11 1.26 0.91 0.70
Balance Sheet
Cash & Equivalents 11,638 11,174 10,332 9,900 12,019 15,168 7,238 7,074 10,472 8,579 6,923 8,357 9,839 7,051 5,320 4,511 3,689 2,936 1,930.4 826.2 726.0 1,323.1 560.4 225.6
Total Assets 218,808 206,637 219,340 212,943 217,627 226,410 236,648 232,103 246,126 258,381 134,635 142,550 141,666 122,621 112,427 114,342 112,525 113,160 41,843.2 34,639.5 27,905.6 25,208.8 13,832.0 10,724.4
Total Debt 73,027 72,170 78,168 79,991 88,830 98,565 103,041 109,914 116,499 122,743 49,466 51,122 49,126 44,341 40,165 47,189 51,071 60,490 9,773.0 8,499.5 6,748.7 5,952.4 3,648.5 3,016.9
Stockholders' Equity 87,287 78,237 81,848 73,398 68,669 68,024 75,722 64,486 72,585 71,339 42,137 49,972 50,365 41,142 37,492 35,259 30,318 22,442 21,738.8 15,022.0 13,137.4 11,004.8 5,428.0 4,439.8
Cash Flow
Operating Cash Flow 14,929.1 15,028.4 13,285.5 12,931.1 14,584.1 10,003.9 12,548.7 13,653.3 15,589.4 10,087.8 14,054.0 14,089.7 13,890.8 13,343.1 12,569.3 9,893.9 9,158.5 6,129.5 5,562.9 4,125.8 2,833.4 1,876.2 1,449.6 1,096.6
Capital Expenditure (3,667.3) (3,856.2) (4,645.2) (5,162.8) (5,632.2) (3,806.1) (5,173.0) (4,999.6) (4,790.0) (4,968.1) (4,726.5) (4,378.1) (3,876.5) (3,282.5) (3,398.5) (2,341.4) (1,719.5) (2,625.0) (2,027.2) (1,589.1) (1,285.3) (1,165.8) (857.7) (637.0)
Free Cash Flow 11,261.7 11,172.2 8,640.4 7,768.3 8,952.0 6,197.8 7,375.6 8,653.7 10,799.5 5,119.7 9,327.5 9,711.6 10,014.3 10,060.6 9,170.7 7,552.5 7,439.0 3,504.4 3,535.7 2,536.8 1,548.1 710.3 591.9 459.6