Ambev (ABEV) Return on Capital Employed (2013 - 2025)
Ambev (ABEV) reported Return on Capital Employed of 23.38% for Q4 2025, up 193.0% on a YoY basis from 7.98% in Q4 2024, and up 4.36% quarter-over-quarter from 22.41% in Q3 2025.
Ambev (ABEV) Return on Capital Employed (2013 - 2025) Analysis & Trends
Ambev has reported Return on Capital Employed for 13 years, with the latest figure at 23.38% in Q4 2025.
- For the quarter ending Q4 2025, Return on Capital Employed rose 193.0% year-over-year to 23.38%; the trailing twelve-month figure through Dec 2025 stood at 23.38% (up 193.0% YoY), and the FY2025 full-year result was 22.79%, up 292.0% from the prior year.
- Return on Capital Employed for Q4 2025 stood at 23.38%, up from 22.41% in the prior quarter.
- The five-year high for Return on Capital Employed was 23.38% in Q4 2025, with the low at 15.95% in Q3 2022.
- Historically, Return on Capital Employed has averaged 19.06% across 5 years, with a median of 18.81% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed slumped 336 bps — and 2025, when it jumped 370 bps.
- Ambev's Return on Capital Employed stood at 17.18% in 2021, then increased by 5 bps to 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.
- The last three Return on Capital Employed figures came in at 23.38% (Q4 2025), 22.41% (Q3 2025), and 21.52% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | 29.81% |
| 2 | Anheuser-Busch InBev | 143.88 Bn | 131.66 Bn | 8.61 Bn | - |
| 3 | Ambev | 35.18 Bn | 31.41 Bn | 2.42 Bn | 23.38% |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 14.25% |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | -12.99% |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | -10.81% |
| 8 | NFiniTi | - | - | - | -0.07% |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | -12.99% |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | - |
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 | 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% |
| Mar 31, 2021 | 17.44% |