Growth Metrics

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

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DateValue
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