Ambev (ABEV) Free Cash Flow (2012 - 2025)
Ambev (ABEV) reported Free Cash Flow of $2.8 billion for Q4 2025, up 4.96% on a YoY basis from $2.7 billion in Q4 2024, and up 73.05% quarter-over-quarter from $1.6 billion in Q3 2025.
Ambev (ABEV) Free Cash Flow (2012 - 2025) Analysis & Trends
Ambev has reported Free Cash Flow for 14 years, with the latest figure at $2.8 billion in Q4 2025.
- For the quarter ending Q4 2025, Free Cash Flow rose 4.96% year-over-year to $2.8 billion; the trailing twelve-month figure through Dec 2025 stood at $6.0 billion (down 2.26% YoY), and the FY2025 full-year result was $3.7 billion, changed 0.27% from the prior year.
- Free Cash Flow for Q4 2025 stood at $2.8 billion, up from $1.6 billion in the prior quarter.
- The five-year high for Free Cash Flow was $3.3 billion in Q4 2023, with the low at $539.7 million in Q1 2023.
- Historically, Free Cash Flow has averaged $1.5 billion across 5 years, with a median of $1.3 billion in 2022.
- Annual changes were most pronounced in 2022 — Free Cash Flow slumped 41.03% — and 2024, when it surged 46.21%.
- Ambev's Free Cash Flow stood at $2.7 billion in 2021, then retreated by 0.82% to $2.6 billion in 2022, then increased by 24.5% to $3.3 billion in 2023, then slipped by 17.93% to $2.7 billion in 2024, then gained by 4.96% to $2.8 billion in 2025.
- The last three Free Cash Flow figures came in at $2.8 billion (Q4 2025), $1.6 billion (Q3 2025), and $888.6 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | 241.38 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 | 2.82 Bn |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 343.90 Mn |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | -229.20 Mn |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | -32.76 Mn |
| 8 | NFiniTi | - | - | - | -5,268.00 |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | -229.20 Mn |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.82 Bn |
| Dec 31, 2025 | 2.82 Bn |
| Sep 30, 2025 | 1.63 Bn |
| Sep 30, 2025 | 1.63 Bn |
| Jun 30, 2025 | 888.65 Mn |
| Jun 30, 2025 | 888.65 Mn |
| Mar 31, 2025 | 611.87 Mn |
| Mar 31, 2025 | 611.87 Mn |
| Dec 31, 2024 | 2.69 Bn |
| Dec 31, 2024 | 2.69 Bn |
| Sep 30, 2024 | 1.68 Bn |
| Sep 30, 2024 | 1.68 Bn |
| Jun 30, 2024 | 937.26 Mn |
| Jun 30, 2024 | 937.26 Mn |
| Mar 31, 2024 | 789.08 Mn |
| Mar 31, 2024 | 789.08 Mn |
| Dec 31, 2023 | 3.28 Bn |
| Dec 31, 2023 | 3.28 Bn |
| Sep 30, 2023 | 1.89 Bn |
| Sep 30, 2023 | 1.89 Bn |