Ambev (ABEV) Gross Margin (2012 - 2025)
Ambev posted quarterly Gross Margin of 52.63% for Q4 2025, down 105.0% year-on-year from 1052.53% in Q4 2024, and up 2.27% on a QoQ basis from 51.46% in Q3 2025.
Ambev (ABEV) has 14 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 53.68% in Q4 2024 and bottomed at 47.89% in Q2 2022.
- The 5-year median for Gross Margin is 50.37% (2024), against an average of 50.65%.
- The widest annual swing landed in 2021, when Gross Margin plunged 351 bps; it then surged 188 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 52.31% in 2021, then decreased by 1 bps to 51.59% in 2022, then climbed by 4 bps to 53.47% in 2023, then climbed by 0 bps to 53.68% in 2024, then decreased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 47.29% |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 55.37% |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 49.56% |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 52.63% |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 33.01% |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 49.31% |
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% |
| Dec 31, 2020 | 55.82% |
| Sep 30, 2020 | 52.43% |
| Jun 30, 2020 | 50.05% |
| Mar 31, 2020 | 55.22% |
| Dec 31, 2019 | 58.79% |
| Sep 30, 2019 | 3,166.08% |
| Jun 30, 2019 | 59.15% |
| Mar 31, 2019 | 57.62% |
| Dec 31, 2018 | 62.26% |
| Sep 30, 2018 | 60.54% |
| Jun 30, 2018 | 61.92% |
| Mar 31, 2018 | 61.72% |
| Dec 31, 2017 | 66.80% |
| Sep 30, 2017 | 60.55% |
| Jun 30, 2017 | 60.57% |
| Mar 31, 2017 | 59.76% |
| Dec 31, 2016 | 65.03% |
| Sep 30, 2016 | 59.79% |
| Jun 30, 2016 | 62.47% |
| Mar 31, 2016 | 65.76% |
| Dec 31, 2015 | 67.78% |
| Sep 30, 2015 | 65.16% |
| Jun 30, 2015 | 61.91% |
| Mar 31, 2015 | 66.44% |
| Dec 31, 2014 | 68.86% |
| Sep 30, 2014 | 65.73% |
| Jun 30, 2014 | 62.82% |
| Mar 31, 2014 | 66.74% |
| Dec 31, 2013 | 70.15% |
| Sep 30, 2013 | 66.24% |
| Jun 30, 2013 | 64.77% |
| Mar 31, 2013 | 70.38% |
| Dec 31, 2012 | 69.52% |
| Sep 30, 2012 | 66.80% |
| Jun 30, 2012 | 65.60% |