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Ambev ABEV3.SA · BRL

Consumer Staples · B3 · 🇧🇷 Brazil

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15.61

+0.84%

Close of 9 Nov 2026, in BRL

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At a glance

Figures in BRL, from our data supplier.

FY2025

Revenue

BRL 88.24bn

FY2016FY2025

Net income

BRL 15.50bn

FY2016FY2025

Free cash flow

BRL 19.86bn

FY2016FY2025

Shareholders' equity

BRL 87.91bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueBRL 88.24bnBRL 89.45bnBRL 79.74bnBRL 79.71bnBRL 72.85bnBRL 58.38bnBRL 52.60bnBRL 50.23bnBRL 47.90bnBRL 45.60bn
Gross profitBRL 42.23bnBRL 45.84bnBRL 40.45bnBRL 39.29bnBRL 37.19bnBRL 31.31bnBRL 30.92bnBRL 30.96bnBRL 29.86bnBRL 28.92bn
Operating incomeBRL 20.02bnBRL 21.80bnBRL 18.83bnBRL 17.69bnBRL 17.08bnBRL 15.97bnBRL 16.07bnBRL 16.99bnBRL 16.43bnBRL 17.11bn
Net incomeBRL 15.50bnBRL 14.44bnBRL 14.50bnBRL 14.46bnBRL 12.67bnBRL 11.38bnBRL 11.78bnBRL 11.02bnBRL 7.33bnBRL 12.55bn
Diluted earnings per share0.990.910.920.910.800.720.740.700.460.79

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsBRL 148.11bnBRL 162.51bnBRL 132.64bnBRL 137.96bnBRL 138.60bnBRL 125.20bnBRL 101.74bnBRL 94.13bnBRL 86.85bnBRL 83.84bn
Cash and short-term investmentsBRL 20.32bnBRL 29.84bnBRL 16.34bnBRL 15.38bnBRL 18.54bnBRL 18.79bnBRL 11.92bnBRL 11.48bnBRL 10.35bnBRL 8.16bn
Total liabilitiesBRL 59.34bnBRL 62.93bnBRL 52.50bnBRL 54.63bnBRL 54.58bnBRL 50.05bnBRL 39.19bnBRL 36.58bnBRL 86.85bnBRL 37.19bn
DebtBRL 3.39bnBRL 3.45bnBRL 3.50bnBRL 3.77bnBRL 3.10bnBRL 4.79bnBRL 3.06bnBRL 4.10bnBRL 4.53bnBRL 5.40bn
Shareholders' equityBRL 87.91bnBRL 98.64bnBRL 78.97bnBRL 81.96bnBRL 82.64bnBRL 73.82bnBRL 61.28bnBRL 56.34bnBRL 46.01bnBRL 44.83bn
Shares outstanding15,656m15,797m15,828m15,839m15,859m15,869m15,872m15,859m15,841m15,827m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsBRL 24.45bnBRL 26.10bnBRL 24.71bnBRL 20.64bnBRL 22.90bnBRL 18.86bnBRL 18.38bnBRL 17.91bnBRL 17.87bnBRL 12.34bn
Capital spending−BRL 4.59bn−BRL 4.75bn−BRL 6.00bn−BRL 6.53bn−BRL 7.68bn−BRL 4.69bn−BRL 5.07bn−BRL 3.57bn−BRL 3.20bn−BRL 4.13bn
Free cash flowBRL 19.86bnBRL 21.35bnBRL 18.71bnBRL 14.11bnBRL 15.22bnBRL 14.16bnBRL 13.31bnBRL 14.34bnBRL 14.67bnBRL 8.21bn
Dividends paid−BRL 20.46bn−BRL 4.06bn−BRL 11.92bn−BRL 12.24bn−BRL 11.12bn−BRL 6.85bn−BRL 7.87bn−BRL 8.81bn−BRL 8.82bn−BRL 10.33bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueBRL 20.15bnBRL 22.46bnBRL 24.81bnBRL 20.85bnBRL 20.09bnBRL 22.50bnBRL 27.04bnBRL 22.10bn
Gross profitBRL 10.45bnBRL 10.83bnBRL 12.24bnBRL 10.73bnBRL 10.04bnBRL 11.55bnBRL 14.51bnBRL 11.12bn
Operating incomeBRL 4.76bnBRL 5.34bnBRL 6.23bnBRL 6.31bnBRL 4.45bnBRL 5.71bnBRL 7.52bnBRL 5.31bn
Net incomeBRL 3.39bnBRL 3.77bnBRL 4.35bnBRL 4.75bnBRL 2.72bnBRL 3.69bnBRL 4.88bnBRL 3.46bn
Diluted earnings per share0.220.240.280.300.170.240.310.22
Cash from operationsBRL 4.71bnBRL 3.16bnBRL 13.25bnBRL 6.92bnBRL 3.05bnBRL 1.20bnBRL 13.91bnBRL 8.11bn
Capital spending−BRL 879.0m−BRL 466.0m−BRL 1.63bn−BRL 1.04bn−BRL 1.09bn−BRL 828.0m−BRL 1.52bn−BRL 1.19bn
Free cash flowBRL 3.83bnBRL 2.69bnBRL 11.62bnBRL 5.88bnBRL 1.96bnBRL 376.0mBRL 12.39bnBRL 6.92bn
Total assetsBRL 138.21bnBRL 145.61bnBRL 148.11bnBRL 140.75bnBRL 142.16bnBRL 147.30bnBRL 162.51bnBRL 147.29bn
Cash and short-term investmentsBRL 18.35bnBRL 19.64bnBRL 20.32bnBRL 19.84bnBRL 17.52bnBRL 20.31bnBRL 29.84bnBRL 20.94bn
DebtBRL 2.95bnBRL 1.34bnBRL 3.39bnBRL 2.90bnBRL 3.16bnBRL 3.22bnBRL 3.45bnBRL 3.38bn
Shareholders' equityBRL 88.31bnBRL 90.13bnBRL 87.91bnBRL 92.03bnBRL 92.47bnBRL 94.53bnBRL 98.64bnBRL 98.14bn

Financial ratios

Data as of 4 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin47.9%51.2%50.7%49.3%51.1%53.6%
Operating margin22.7%24.4%23.6%22.2%23.4%27.4%
Net margin17.6%16.1%18.2%18.1%17.4%19.5%
Return on equity17.6%14.6%18.4%17.6%15.3%15.4%
Return on assets10.5%8.9%10.9%10.5%9.1%9.1%
Free cash flow yield11.8%12.4%12.3%10.9%12.2%9.4%
Revenue growth-1.4%12.2%0.0%9.4%24.8%11.0%
Earnings growth7.4%-0.4%0.3%14.1%11.4%-3.4%
Current ratio0.96x1.10x0.89x0.93x0.99x1.06x
Debt to equity0.02x0.02x0.02x0.02x0.04x0.04x
Equity ratio59.4%60.7%59.5%59.4%59.6%59.0%
Interest coverage21.09x8.56x6.52x5.75x9.48x7.47x
Buybacks as a share of market value0.9%0.2%0.1%0.1%0.1%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue3.4%8.6%6.6%
Operating income4.2%4.6%0.6%
Net income2.4%6.4%2.2%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin49.6%49.8%50.5%54.5%
Operating margin23.5%23.2%23.8%27.7%
Net margin16.8%17.5%17.7%19.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings14.112.815.015.919.321.825.122.146.020.7
Price to sales2.52.12.72.93.44.35.64.97.05.7

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 23 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.0451.1140.2450.730.7620.1330.490.491
  • 5-for-1 split · 12 Nov 2013
  • 1-to-1 reverse split · 11 Nov 2013
  • 5-for-1 split · 20 Dec 2010
  • 100-to-1 reverse split · 2 Aug 2007
  • 6-for-5 split · 1 Jun 2005
  • 5-for-1 split · 23 Oct 2000

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.