Ambev (ABEV) Gross Margin (2012 - 2025)
Ambev (ABEV) reported Gross Margin of 52.63% for Q4 2025, down 105.0% on a YoY basis from 1052.53% in Q4 2024, and up 2.27% quarter-over-quarter from 51.46% in Q3 2025.
Ambev (ABEV) Gross Margin (2012 - 2025) Analysis & Trends
Ambev has reported Gross Margin for 14 years, with the latest figure at 52.63% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 105.0% year-over-year to 52.63%; the trailing twelve-month figure through Dec 2025 stood at 51.44% (up 28.0% YoY), and the FY2025 full-year result was 51.42%, up 18.0% from the prior year.
- Gross Margin for Q4 2025 stood at 52.63%, up from 51.46% in the prior quarter.
- The five-year high for Gross Margin was 53.68% in Q4 2024, with the low at 47.89% in Q2 2022.
- Historically, Gross Margin has averaged 50.65% across 5 years, with a median of 50.37% in 2024.
- Annual changes were most pronounced in 2021 — Gross Margin slumped 351 bps — and 2023, when it surged 188 bps.
- Ambev's Gross Margin stood at 52.31% in 2021, then retreated by 1 bps to 51.59% in 2022, then advanced by 4 bps to 53.47% in 2023, then advanced by 0 bps to 53.68% in 2024, then retreated by 2 bps to 52.63% in 2025.
- The last three Gross Margin figures came in at 52.63% (Q4 2025), 51.46% (Q3 2025), and 49.99% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | 47.29% |
| 2 | Anheuser-Busch InBev | 143.88 Bn | 131.66 Bn | 8.61 Bn | 55.37% |
| 3 | Ambev | 35.18 Bn | 31.41 Bn | 2.42 Bn | 52.63% |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 49.56% |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | 33.01% |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | 49.31% |
| 8 | NFiniTi | - | - | - | - |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 33.01% |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | 55.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 52.63% |
| Sep 30, 2025 | 51.46% |
| Jun 30, 2025 | 49.99% |
| Mar 31, 2025 | 51.35% |
| Dec 31, 2024 | 53.68% |
| Sep 30, 2024 | 50.34% |
| Jun 30, 2024 | 49.81% |
| Mar 31, 2024 | 50.39% |
| Dec 31, 2023 | 53.47% |
| Sep 30, 2023 | 49.68% |
| Jun 30, 2023 | 49.01% |
| Mar 31, 2023 | 50.65% |
| Dec 31, 2022 | 51.59% |
| Sep 30, 2022 | 48.28% |
| Jun 30, 2022 | 47.89% |
| Mar 31, 2022 | 48.94% |
| Dec 31, 2021 | 52.31% |
| Sep 30, 2021 | 49.96% |
| Jun 30, 2021 | 49.30% |
| Mar 31, 2021 | 52.25% |