Ambev (ABEV) Return on Capital Employed (2013 - 2025)
Ambev (ABEV) posted Return on Capital Employed of 23.38% for Q4 2025, up 4.36% on a QoQ basis from 22.41% in Q3 2025, and up 193.0% year-over-year from 7.98% in Q4 2024.
Ambev (ABEV) Return on Capital Employed (2013 - 2025) Analysis & Trends
Ambev's Return on Capital Employed history runs 13 years deep, the most recent figure standing at 23.38% for Q4 2025.
- Quarterly Return on Capital Employed rose 193.0% year-over-year to 23.38% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 23.38% (up 193.0% YoY) and the FY2025 annual result came in at 21.45%, up 30.0% from the prior year.
- Return on Capital Employed was 23.38% for Q4 2025 at Ambev, up from 22.41% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 127.46% in Q2 2022 and bottomed at 17.44% in Q1 2021.
- A 5-year average of 31.98% and a median of 20.84% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 10850 bps — and 2023, when it slumped 10989 bps.
- Ambev's Return on Capital Employed stood at 31.77% in 2021, then increased by 5 bps to 33.51% in 2022, then tumbled by 42 bps to 19.6% in 2023, then grew by 9 bps to 21.45% in 2024, then increased by 9 bps to 23.38% in 2025.
- Business Quant data shows ABEV's Return on Capital Employed at 23.38% in Q4 2025, 22.41% in Q3 2025, and 21.52% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,315.79 Bn | 3,674.57 Bn | 387.52 Bn | 28.65% |
| 2 | Mexican Economic Development | 1,198.50 Bn | 1,192.35 Bn | - | - |
| 3 | Anheuser-Busch InBev | 166.38 Bn | 154.16 Bn | 8.61 Bn | - |
| 4 | Ambev | 49.20 Bn | 45.43 Bn | 2.42 Bn | 23.38% |
| 5 | Constellation Brands | 23.08 Bn | 22.99 Bn | 1.32 Bn | 15.28% |
| 6 | Molson Coors Beverage | 8.14 Bn | 7.76 Bn | 897.20 Mn | -12.99% |
| 7 | Boston Beer | 1.96 Bn | 1.70 Bn | 286.37 Mn | -12.60% |
| 8 | NFiniTi | 720.00 Mn | 719.98 Mn | - | -0.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 23.38% |
| Sep 30, 2025 | 22.41% |
| Jun 30, 2025 | 21.52% |
| Mar 31, 2025 | 20.23% |
| Dec 31, 2024 | 21.45% |
| Sep 30, 2024 | 18.71% |
| Jun 30, 2024 | 18.90% |
| Mar 31, 2024 | 19.22% |
| Dec 31, 2023 | 19.60% |
| Sep 30, 2023 | 17.78% |
| Jun 30, 2023 | 17.56% |
| Mar 31, 2023 | 18.51% |
| Dec 31, 2022 | 33.51% |
| Sep 30, 2022 | 105.48% |
| Jun 30, 2022 | 127.46% |
| Mar 31, 2022 | 30.48% |
| Dec 31, 2021 | 31.77% |
| Sep 30, 2021 | 35.22% |
| Jun 30, 2021 | 18.96% |
| Mar 31, 2021 | 17.44% |