Ambev (ABEV) FCF Margin (2012 - 2025)
Ambev posted quarterly FCF Margin of 53.42% for Q4 2025, down 367.0% year-on-year from 20.01% in Q4 2024, and up 60.95% on a QoQ basis from 33.19% in Q3 2025.
Ambev (ABEV) has 14 years of FCF Margin data on file, last reported at 53.42% in Q4 2025.
- For the quarter ending Q4 2025, FCF Margin fell 367.0% year-over-year to 53.42%; the trailing twelve-month figure through Dec 2025 stood at 30.39% (down 292.0% YoY), and the FY2025 full-year result was 22.51%, down 136.0% from the prior year.
- FCF Margin for Q4 2025 stood at 53.42%, up from 33.19% in the prior quarter.
- Across five years, FCF Margin topped out at 67.25% in Q4 2021 and bottomed at 0.0% in Q4 2023.
- The 5-year median for FCF Margin is 24.98% (2021), against an average of 30.33%.
- The widest annual swing landed in 2023, when FCF Margin tumbled 6102 bps; it then jumped 5709 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 67.25% in 2021, then declined by 9 bps to 61.02% in 2022, then tumbled by 100 bps to 0.0% in 2023, then surged by 70344030 bps to 57.09% in 2024, then fell by 6 bps to 53.42% in 2025.
- The last three FCF Margin figures came in at 53.42% (Q4 2025), 33.19% (Q3 2025), and 20.6% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 29.45% |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | - |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 17.91% |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 53.42% |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | -8.43% |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | -7.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 53.42% |
| Sep 30, 2025 | 33.19% |
| Jun 30, 2025 | 20.60% |
| Mar 31, 2025 | 9.03% |
| Dec 31, 2024 | 57.09% |
| Sep 30, 2024 | 42.06% |
| Jun 30, 2024 | 21.88% |
| Mar 31, 2024 | 8.55% |
| Dec 31, 2023 | 81.15% |
| Sep 30, 2023 | 45.31% |
| Jun 30, 2023 | 24.93% |
| Mar 31, 2023 | 2.81% |
| Dec 31, 2022 | 61.02% |
| Sep 30, 2022 | 38.69% |
| Jun 30, 2022 | 21.99% |
| Mar 31, 2022 | 7.64% |
| Dec 31, 2021 | 67.25% |
| Sep 30, 2021 | 43.79% |
| Jun 30, 2021 | 22.36% |
| Mar 31, 2021 | 25.03% |
| Dec 31, 2020 | 52.75% |
| Sep 30, 2020 | 52.70% |
| Jun 30, 2020 | 22.78% |
| Mar 31, 2020 | 22.93% |
| Dec 31, 2019 | 22.13% |
| Sep 30, 2019 | 2,435.72% |
| Jun 30, 2019 | 33.02% |
| Mar 31, 2019 | 36.40% |
| Dec 31, 2018 | 63.32% |
| Sep 30, 2018 | 57.31% |
| Jun 30, 2018 | 34.93% |
| Mar 31, 2018 | 12.14% |
| Dec 31, 2017 | 66.99% |
| Sep 30, 2017 | 46.57% |
| Jun 30, 2017 | 30.93% |
| Mar 31, 2017 | 22.63% |
| Dec 31, 2016 | 0.00% |
| Sep 30, 2016 | 51.96% |
| Jun 30, 2016 | 31.16% |
| Mar 31, 2016 | -13.04% |
| Dec 31, 2015 | 0.00% |
| Sep 30, 2015 | 63.04% |
| Jun 30, 2015 | 51.05% |
| Mar 31, 2015 | 36.70% |
| Dec 31, 2014 | -0.72% |
| Sep 30, 2014 | 48.17% |
| Jun 30, 2014 | 45.39% |
| Mar 31, 2014 | 27.13% |
| Dec 31, 2013 | 0.00% |
| Sep 30, 2013 | 64.05% |
| Jun 30, 2013 | 33.02% |
| Mar 31, 2013 | 0.18% |
| Dec 31, 2012 | 79.42% |
| Sep 30, 2012 | 57.25% |
| Jun 30, 2012 | 62.84% |