Ambev (ABEV) FCF Margin (2012 - 2025)
Ambev (ABEV) reported FCF Margin of 61.34% for Q4 2025, up 353.0% on a YoY basis from 13.54% in Q4 2024, and up 43.9% quarter-over-quarter from 42.63% in Q3 2025.
Ambev (ABEV) FCF Margin (2012 - 2025) Analysis & Trends
Ambev has reported FCF Margin for 14 years, with the latest figure at 61.34% in Q4 2025.
- For the quarter ending Q4 2025, FCF Margin rose 353.0% year-over-year to 61.34%; the trailing twelve-month figure through Dec 2025 stood at 37.65% (up 93.0% YoY), and the FY2025 full-year result was 22.51%, down 136.0% from the prior year.
- FCF Margin for Q4 2025 stood at 61.34%, up from 42.63% in the prior quarter.
- The five-year high for FCF Margin was 81.15% in Q4 2023, with the low at 13.65% in Q1 2023.
- Historically, FCF Margin has averaged 38.22% across 5 years, with a median of 36.0% in 2021.
- Annual changes were most pronounced in 2023 — FCF Margin jumped 2014 bps — and 2024, when it plunged 2334 bps.
- Ambev's FCF Margin stood at 67.25% in 2021, then dropped by 9 bps to 61.02% in 2022, then soared by 33 bps to 81.15% in 2023, then dropped by 29 bps to 57.81% in 2024, then gained by 6 bps to 61.34% in 2025.
- The last three FCF Margin figures came in at 61.34% (Q4 2025), 42.63% (Q3 2025), and 25.04% (Q2 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 | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | 29.45% |
| 2 | Anheuser-Busch InBev | 143.88 Bn | 131.66 Bn | 8.61 Bn | - |
| 3 | Ambev | 35.18 Bn | 31.41 Bn | 2.42 Bn | 61.34% |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 17.91% |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | -8.43% |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | -7.55% |
| 8 | NFiniTi | - | - | - | - |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | -8.43% |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | - |
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 | 42.06% |
| Jun 30, 2024 | 24.31% |
| Mar 31, 2024 | 19.24% |
| Dec 31, 2023 | 81.15% |
| Sep 30, 2023 | 45.31% |
| Jun 30, 2023 | 27.01% |
| Mar 31, 2023 | 13.65% |
| Dec 31, 2022 | 61.02% |
| Sep 30, 2022 | 38.92% |
| Jun 30, 2022 | 21.99% |
| Mar 31, 2022 | 16.86% |
| Dec 31, 2021 | 67.25% |
| Sep 30, 2021 | 43.79% |
| Jun 30, 2021 | 25.94% |
| Mar 31, 2021 | 33.09% |