Ambev (ABEV) FCF Margin (2012 - 2026)
Ambev's (ABEV) quarterly FCF Margin came in at 24.89% in Q2 2026, up 429.0% YoY from 4.71% in Q2 2025, and down 58.51% on a QoQ basis from 59.99% in Q4 2025.
Ambev (ABEV) FCF Margin (2012 - 2026) Analysis & Trends
Ambev (ABEV) has 15 years of FCF Margin data on file, last reported at 24.89% in Q2 2026.
- Quarterly FCF Margin rose 429.0% year-over-year to 24.89% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 36.9% (up 315.0% YoY) and the FY2025 annual result came in at 22.51%, down 136.0% from the prior year.
- FCF Margin fell to 24.89% in Q2 2026, from 59.99% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 81.15% in Q4 2023 to a low of 2.81% in Q1 2023.
- A 5-year average of 33.28% and a median of 24.93% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin jumped 2014 bps — and 2024, when it tumbled 2407 bps.
- Tracing ABEV's FCF Margin over 5 years: stood at 61.02% in 2022, then soared by 33 bps to 81.15% in 2023, then declined by 30 bps to 57.09% in 2024, then rose by 5 bps to 59.99% in 2025, then sank by 59 bps to 24.89% in 2026.
- The last three FCF Margin figures came in at 24.89% (Q2 2026), 59.99% (Q4 2025), and 38.2% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,224.41 Bn | 1,851.39 Bn | 252.83 Bn | 19.64% |
| 2 | Constellation Brands | 23.10 Bn | 23.00 Bn | 1.32 Bn | 18.71% |
| 3 | Molson Coors Beverage | 8.00 Bn | 5.87 Bn | 1.06 Bn | 19.82% |
| 4 | Boston Beer | 1.97 Bn | 1.71 Bn | 286.37 Mn | 20.97% |
| 5 | Ambev | 624,799.98 | -3.50 Bn | 2.29 Bn | 24.89% |
| 6 | Anheuser-Busch InBev | 157,405.59 | -7.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.89% |
| Dec 31, 2025 | 59.99% |
| Sep 30, 2025 | 38.20% |
| 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% |