Ambev (ABEV) Capital Expenditures (2012 - 2025)
Ambev (ABEV) reported Capital Expenditures of -$302.4 million for Q4 2025, down 15.68% on a YoY basis from -$358.6 million in Q4 2024, and down 57.82% quarter-over-quarter from -$191.6 million in Q3 2025.
Ambev (ABEV) Capital Expenditures (2012 - 2025) Analysis & Trends
Ambev has reported Capital Expenditures for 14 years, with the latest figure at -$302.4 million in Q4 2025.
- For the quarter ending Q4 2025, Capital Expenditures fell 15.68% year-over-year to -$302.4 million; the trailing twelve-month figure through Dec 2025 stood at -$827.5 million (up 5.8% YoY), and the FY2025 full-year result was $851.5 million, up 4.2% from the prior year.
- Capital Expenditures for Q4 2025 stood at -$302.4 million, down from -$191.6 million in the prior quarter.
- The five-year high for Capital Expenditures was -$141.3 million in Q1 2025, with the low at -$539.7 million in Q4 2021.
- Historically, Capital Expenditures has averaged -$279.9 million across 5 years, with a median of -$261.5 million in 2023.
- Annual changes were most pronounced in 2021 — Capital Expenditures plunged 108.96% — and 2024, when it jumped 43.06%.
- Ambev's Capital Expenditures stood at -$539.7 million in 2021, then gained by 28.31% to -$386.9 million in 2022, then decreased by 18.65% to -$459.1 million in 2023, then jumped by 43.06% to -$261.4 million in 2024, then fell by 15.68% to -$302.4 million in 2025.
- The last three Capital Expenditures figures came in at -$302.4 million (Q4 2025), -$191.6 million (Q3 2025), and -$192.2 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | -38.66 Bn |
| 2 | Anheuser-Busch InBev | 143.88 Bn | 131.66 Bn | 8.61 Bn | - |
| 3 | Ambev | 35.18 Bn | 31.41 Bn | 2.42 Bn | -302.38 Mn |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 218.90 Mn |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | 231.70 Mn |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | 12.32 Mn |
| 8 | NFiniTi | - | - | - | - |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 231.70 Mn |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -302.38 Mn |
| Dec 31, 2025 | -302.38 Mn |
| Sep 30, 2025 | -191.60 Mn |
| Sep 30, 2025 | -191.60 Mn |
| Jun 30, 2025 | -192.22 Mn |
| Jun 30, 2025 | -192.22 Mn |
| Mar 31, 2025 | -141.33 Mn |
| Mar 31, 2025 | -141.33 Mn |
| Dec 31, 2024 | -261.39 Mn |
| Dec 31, 2024 | -261.39 Mn |
| Sep 30, 2024 | -213.88 Mn |
| Sep 30, 2024 | -213.88 Mn |
| Jun 30, 2024 | -197.73 Mn |
| Jun 30, 2024 | -197.73 Mn |
| Mar 31, 2024 | -205.44 Mn |
| Mar 31, 2024 | -205.44 Mn |
| Dec 31, 2023 | -459.08 Mn |
| Dec 31, 2023 | -459.08 Mn |
| Sep 30, 2023 | -262.85 Mn |
| Sep 30, 2023 | -262.85 Mn |