Ambev (ABEV) Free Cash Flow (2012 - 2025)
Ambev posted quarterly Free Cash Flow of $2.5 billion for Q4 2025, down 7.44% year-on-year from $2.7 billion in Q4 2024, and up 93.56% on a QoQ basis from $1.3 billion in Q3 2025.
Ambev (ABEV) has 14 years of Free Cash Flow data on file, last reported at $2.5 billion in Q4 2025.
- For the quarter ending Q4 2025, Free Cash Flow fell 7.44% year-over-year to $2.5 billion; the trailing twelve-month figure through Dec 2025 stood at $4.8 billion (down 13.04% 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 $2.5 billion, up from $1.3 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $3.3 billion in Q4 2023 and bottomed at $111.1 million in Q1 2023.
- The 5-year median for Free Cash Flow is $1.1 billion (2025), against an average of $1.4 billion.
- The widest annual swing landed in 2022, when Free Cash Flow tumbled 64.68%; it then jumped 215.74% in 2024.
- A 5-year view of Free Cash Flow shows it stood at $2.7 billion in 2021, then decreased by 0.82% to $2.6 billion in 2022, then rose by 24.5% to $3.3 billion in 2023, then fell by 18.95% to $2.7 billion in 2024, then slipped by 7.44% to $2.5 billion in 2025.
- The last three Free Cash Flow figures came in at $2.5 billion (Q4 2025), $1.3 billion (Q3 2025), and $731.0 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 | 3,730.53 Bn | 387.52 Bn | 241.38 Bn |
| 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 | 343.90 Mn |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 2.46 Bn |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | -229.20 Mn |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | -32.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.46 Bn |
| Dec 31, 2025 | 2.46 Bn |
| Sep 30, 2025 | 1.27 Bn |
| Sep 30, 2025 | 1.27 Bn |
| Jun 30, 2025 | 730.97 Mn |
| Jun 30, 2025 | 730.97 Mn |
| Mar 31, 2025 | 346.81 Mn |
| Mar 31, 2025 | 346.81 Mn |
| Dec 31, 2024 | 2.66 Bn |
| Dec 31, 2024 | 2.66 Bn |
| Sep 30, 2024 | 1.68 Bn |
| Sep 30, 2024 | 1.68 Bn |
| Jun 30, 2024 | 843.58 Mn |
| Jun 30, 2024 | 843.58 Mn |
| Mar 31, 2024 | 350.68 Mn |
| Mar 31, 2024 | 350.68 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 |
| Jun 30, 2023 | 951.34 Mn |
| Jun 30, 2023 | 951.34 Mn |
| Mar 31, 2023 | 111.07 Mn |
| Mar 31, 2023 | 111.07 Mn |
| Dec 31, 2022 | 2.63 Bn |
| Dec 31, 2022 | 2.63 Bn |
| Sep 30, 2022 | 1.52 Bn |
| Sep 30, 2022 | 1.52 Bn |
| Jun 30, 2022 | 807.24 Mn |
| Jun 30, 2022 | 807.24 Mn |
| Mar 31, 2022 | 269.47 Mn |
| Mar 31, 2022 | 269.47 Mn |
| Dec 31, 2021 | 2.65 Bn |
| Dec 31, 2021 | 2.65 Bn |
| Sep 30, 2021 | 1.55 Bn |
| Sep 30, 2021 | 1.55 Bn |
| Jun 30, 2021 | 661.91 Mn |
| Jun 30, 2021 | 661.91 Mn |
| Mar 31, 2021 | 762.88 Mn |
| Mar 31, 2021 | 762.88 Mn |
| Dec 31, 2020 | 1.81 Bn |
| Dec 31, 2020 | 1.81 Bn |
| Sep 30, 2020 | 1.53 Bn |
| Sep 30, 2020 | 1.53 Bn |
| Jun 30, 2020 | 494.79 Mn |
| Jun 30, 2020 | 494.79 Mn |
| Mar 31, 2020 | 655.42 Mn |
| Mar 31, 2020 | 655.42 Mn |
| Dec 31, 2019 | 2.83 Bn |
| Dec 31, 2019 | 2.83 Bn |
| Sep 30, 2019 | 1.31 Bn |
| Sep 30, 2019 | 1.31 Bn |
| Jun 30, 2019 | 1.02 Bn |
| Jun 30, 2019 | 1.02 Bn |
| Mar 31, 2019 | 698.15 Mn |
| Mar 31, 2019 | 698.15 Mn |
| Dec 31, 2018 | 2.66 Bn |
| Dec 31, 2018 | 2.66 Bn |
| Sep 30, 2018 | 1.61 Bn |
| Sep 30, 2018 | 1.61 Bn |
| Jun 30, 2018 | 1.12 Bn |
| Jun 30, 2018 | 1.12 Bn |
| Mar 31, 2018 | 435.65 Mn |
| Mar 31, 2018 | 435.65 Mn |
| Dec 31, 2017 | 3.10 Bn |
| Dec 31, 2017 | 3.10 Bn |
| Sep 30, 2017 | 1.67 Bn |
| Sep 30, 2017 | 1.67 Bn |
| Jun 30, 2017 | 990.69 Mn |
| Jun 30, 2017 | 990.69 Mn |
| Mar 31, 2017 | 809.92 Mn |
| Mar 31, 2017 | 809.92 Mn |
| Dec 31, 2016 | 2,824.45 |
| Dec 31, 2016 | 2,824.45 |
| Sep 30, 2016 | 1.68 Bn |
| Sep 30, 2016 | 1.68 Bn |
| Jun 30, 2016 | 922.55 Mn |
| Jun 30, 2016 | 922.55 Mn |
| Mar 31, 2016 | -387.39 Mn |
| Mar 31, 2016 | -387.39 Mn |
| Dec 31, 2015 | 3,397.33 |
| Dec 31, 2015 | 3,397.33 |
| Sep 30, 2015 | 1.94 Bn |
| Sep 30, 2015 | 1.94 Bn |
| Jun 30, 2015 | 1.65 Bn |
| Jun 30, 2015 | 1.65 Bn |
| Mar 31, 2015 | 1.39 Bn |
| Mar 31, 2015 | 1.39 Bn |
| Dec 31, 2014 | -34.62 Mn |
| Dec 31, 2014 | -34.62 Mn |
| Sep 30, 2014 | 1.83 Bn |
| Sep 30, 2014 | 1.83 Bn |
| Jun 30, 2014 | 1.67 Bn |
| Jun 30, 2014 | 1.67 Bn |
| Mar 31, 2014 | 1.04 Bn |
| Mar 31, 2014 | 1.04 Bn |
| Dec 31, 2013 | 4,311.69 |
| Dec 31, 2013 | 4,311.69 |
| Sep 30, 2013 | 2.40 Bn |
| Sep 30, 2013 | 2.40 Bn |
| Jun 30, 2013 | 1.22 Bn |
| Jun 30, 2013 | 1.22 Bn |
| Mar 31, 2013 | 741.54 Mn |
| Mar 31, 2013 | 741.54 Mn |
| Dec 31, 2012 | 3.92 Bn |
| Dec 31, 2012 | 3.92 Bn |
| Sep 30, 2012 | 2.27 Bn |
| Sep 30, 2012 | 2.27 Bn |
| Jun 30, 2012 | 2.20 Bn |
| Jun 30, 2012 | 2.20 Bn |