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
DateValue
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