Ambev (ABEV) Net Margin (2012 - 2025)
Ambev (ABEV) reported Net Margin of 23.91% for Q4 2025, down 165.0% on a YoY basis from 36.79% in Q4 2024, and down 4.39% quarter-over-quarter from 25.01% in Q3 2025.
Ambev (ABEV) Net Margin (2012 - 2025) Analysis & Trends
Ambev has reported Net Margin for 14 years, with the latest figure at 23.91% in Q4 2025.
- For the quarter ending Q4 2025, Net Margin fell 165.0% year-over-year to 23.91%; the trailing twelve-month figure through Dec 2025 stood at 22.07% (up 39.0% YoY), and the FY2025 full-year result was 17.57%, up 143.0% from the prior year.
- Net Margin for Q4 2025 stood at 23.91%, down from 25.01% in the prior quarter.
- The five-year high for Net Margin was 25.56% in Q4 2024, with the low at 11.11% in Q3 2022.
- Historically, Net Margin has averaged 19.22% across 5 years, with a median of 19.03% in 2022.
- The largest YoY upside for Net Margin was 1348 bps in 2021 against a maximum downside of 2760 bps in 2021.
- Ambev's Net Margin stood at 18.01% in 2021, then retreated by 15 bps to 15.23% in 2022, then jumped by 43 bps to 21.76% in 2023, then increased by 17 bps to 25.56% in 2024, then fell by 6 bps to 23.91% in 2025.
- The last three Net Margin figures came in at 23.91% (Q4 2025), 25.01% (Q3 2025), and 17.02% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | 6.57% |
| 2 | Anheuser-Busch InBev | 143.88 Bn | 131.66 Bn | 8.61 Bn | 23.39% |
| 3 | Ambev | 35.18 Bn | 31.41 Bn | 2.42 Bn | 23.91% |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 11.70% |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | 5.52% |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | -33.48% |
| 8 | NFiniTi | - | - | - | - |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 5.52% |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | 23.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 23.91% |
| Sep 30, 2025 | 25.01% |
| Jun 30, 2025 | 17.02% |
| Mar 31, 2025 | 21.59% |
| Dec 31, 2024 | 25.56% |
| Sep 30, 2024 | 21.13% |
| Jun 30, 2024 | 17.12% |
| Mar 31, 2024 | 22.07% |
| Dec 31, 2023 | 21.76% |
| Sep 30, 2023 | 19.69% |
| Jun 30, 2023 | 12.05% |
| Mar 31, 2023 | 18.59% |
| Dec 31, 2022 | 15.23% |
| Sep 30, 2022 | 11.11% |
| Jun 30, 2022 | 19.15% |
| Mar 31, 2022 | 18.91% |
| Dec 31, 2021 | 18.01% |
| Sep 30, 2021 | 16.02% |
| Jun 30, 2021 | 23.02% |
| Mar 31, 2021 | 17.52% |