Ambev (ABEV) Return on Capital Employed (2014 - 2026)
Ambev's (ABEV) quarterly Return on Capital Employed came in at 22.81% in Q2 2026, up 129.0% YoY from 9.96% in Q2 2025, and down 2.46% on a QoQ basis from 23.38% in Q4 2025.
Ambev (ABEV) Return on Capital Employed (2014 - 2026) Analysis & Trends
Ambev (ABEV) has 13 years of Return on Capital Employed data on file, last reported at 22.81% in Q2 2026.
- Quarterly Return on Capital Employed rose 129.0% year-over-year to 22.81% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.81% (up 129.0% YoY) and the FY2025 annual result came in at 21.45%, up 42.0% from the prior year.
- Return on Capital Employed retreated to 22.81% in Q2 2026, from 23.38% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 23.38% in Q4 2025 to a low of 15.95% in Q3 2022.
- A 5-year average of 19.47% and a median of 18.9% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed slumped 336 bps — and 2025, when it jumped 370 bps.
- Tracing ABEV's Return on Capital Employed over 5 years: stood at 18.07% in 2022, then advanced by 8 bps to 19.6% in 2023, then advanced by 9 bps to 21.45% in 2024, then climbed by 9 bps to 23.38% in 2025, then retreated by 2 bps to 22.81% in 2026.
- The last three Return on Capital Employed figures came in at 22.81% (Q2 2026), 23.38% (Q4 2025), and 22.41% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,275.21 Bn | 1,902.19 Bn | 252.83 Bn | 14.74% |
| 2 | Constellation Brands | 23.31 Bn | 23.22 Bn | 1.32 Bn | 15.28% |
| 3 | Molson Coors Beverage | 8.04 Bn | 5.91 Bn | 1.06 Bn | -13.86% |
| 4 | Boston Beer | 1.93 Bn | 1.66 Bn | 286.37 Mn | -12.60% |
| 5 | Ambev | 629,199.98 | -3.50 Bn | 2.29 Bn | 22.81% |
| 6 | Anheuser-Busch InBev | 159,507.43 | -7.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.81% |
| 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 | 18.07% |
| Sep 30, 2022 | 15.95% |
| Jun 30, 2022 | 17.27% |
| Mar 31, 2022 | 17.68% |
| Dec 31, 2021 | 17.18% |
| Sep 30, 2021 | 19.31% |
| Jun 30, 2021 | 18.96% |