Ambev (ABEV) FCF Margin (2012 - 2025)
Ambev (ABEV) posted FCF Margin of 61.34% for Q4 2025, up 43.9% on a QoQ basis from 42.63% in Q3 2025, and up 353.0% year-over-year from 13.54% in Q4 2024.
Ambev (ABEV) FCF Margin (2012 - 2025) Analysis & Trends
Ambev's FCF Margin history runs 14 years deep, the most recent figure standing at 61.34% for Q4 2025.
- Quarterly FCF Margin rose 353.0% year-over-year to 61.34% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 37.65% (up 109.0% YoY) and the FY2025 annual result came in at 22.51%, down 136.0% from the prior year.
- FCF Margin was 61.34% for Q4 2025 at Ambev, up from 42.63% in the prior quarter.
- Across five years, FCF Margin topped out at 74.51% in Q4 2023 and bottomed at 13.65% in Q1 2023.
- A 5-year average of 37.41% and a median of 36.0% in 2021 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin soared 1701 bps — and 2024, when it sank 1670 bps.
- Ambev's FCF Margin stood at 66.02% in 2021, then dropped by 13 bps to 57.5% in 2022, then climbed by 30 bps to 74.51% in 2023, then retreated by 22 bps to 57.81% in 2024, then climbed by 6 bps to 61.34% in 2025.
- Business Quant data shows ABEV's FCF Margin at 61.34% in Q4 2025, 42.63% in Q3 2025, and 25.04% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,330.57 Bn | 3,689.35 Bn | 387.52 Bn | 25.98% |
| 2 | Mexican Economic Development | 1,197.42 Bn | 1,191.27 Bn | - | - |
| 3 | Anheuser-Busch InBev | 166.02 Bn | 153.80 Bn | 8.61 Bn | - |
| 4 | Ambev | 49.20 Bn | 45.43 Bn | 2.42 Bn | 59.99% |
| 5 | Constellation Brands | 23.03 Bn | 22.93 Bn | 1.32 Bn | 18.71% |
| 6 | Molson Coors Beverage | 8.13 Bn | 7.74 Bn | 897.20 Mn | -62.49% |
| 7 | Boston Beer | 1.95 Bn | 1.69 Bn | 286.37 Mn | 20.97% |
| 8 | NFiniTi | 720.00 Mn | 719.98 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 61.34% |
| Sep 30, 2025 | 42.63% |
| Jun 30, 2025 | 25.04% |
| Mar 31, 2025 | 15.94% |
| Dec 31, 2024 | 57.81% |
| Sep 30, 2024 | 41.40% |
| Jun 30, 2024 | 24.31% |
| Mar 31, 2024 | 19.24% |
| Dec 31, 2023 | 74.51% |
| Sep 30, 2023 | 44.04% |
| Jun 30, 2023 | 27.01% |
| Mar 31, 2023 | 13.65% |
| Dec 31, 2022 | 57.50% |
| Sep 30, 2022 | 38.92% |
| Jun 30, 2022 | 20.28% |
| Mar 31, 2022 | 16.86% |
| Dec 31, 2021 | 66.02% |
| Sep 30, 2021 | 42.61% |
| Jun 30, 2021 | 25.94% |
| Mar 31, 2021 | 33.09% |