Ambev (ABEV) Return on Capital Employed [ROCE] (2013 - 2026)
Ambev (ABEV) reported Return on Capital Employed [ROCE] of 228.90% for the quarter ended Jun 30, 2026, up 207.38 percentage points from 21.52% a year earlier and up 34.61 percentage points from the prior quarter.
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Analysis
Ambev (ABEV) Return on Capital Employed [ROCE] (2013 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Ambev posted Return on Capital Employed [ROCE] of 198.52%, up 161.77 percentage points from the prior year.
- Return on Capital Employed [ROCE] has increased for five consecutive years, with a five-year change of +181.71 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Return on Capital Employed [ROCE] came in at 36.76% in the year ended Dec 31, 2024 (+16.31 pp), 20.44% in the year ended Dec 31, 2023 (+1.31 pp), 19.13% in the year ended Dec 31, 2022 (+1.87 pp) and 17.26% in the year ended Dec 31, 2021 (+0.44 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of 15.95% in the quarter ended Sep 30, 2022 and a high of 357.48% in the quarter ended Dec 31, 2025.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last 15 quarters, with an average year-over-year change of +93.27 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was the quarter ended Dec 31, 2025 (a gain of 318.00 percentage points); the low point was the quarter ended Sep 30, 2022 (a drop of 3.36 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 194.29% (quarter ended Mar 31, 2026), 357.48% (quarter ended Dec 31, 2025) and 41.01% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 398.85 Bn | 387.48 Bn | 8.42 Bn | 18.37% |
| 2 | Coca Cola Femsa Sab De Cv | 198.64 Bn | 198.64 Bn | 2.06 Bn | - |
| 3 | Pepsico | 185.02 Bn | 142.98 Bn | 13.75 Bn | 19.41% |
| 4 | Monster Beverage | 90.49 Bn | 78.74 Bn | 1.42 Bn | 28.61% |
| 5 | Diageo | 58.34 Bn | 40.49 Bn | - | - |
| 6 | Ambev | 52.01 Bn | 37.41 Bn | 2.06 Bn | 23.52% |
| 7 | Coca-Cola Europacific Partners | 49.78 Bn | 43.00 Bn | - | - |
| 8 | Keurig Dr Pepper | 47.19 Bn | 47.43 Bn | 3.07 Bn | 5.38% |
| 9 | Constellation Brands | 23.46 Bn | 23.01 Bn | 1.39 Bn | 14.56% |
| 10 | Brown Forman | 13.49 Bn | 12.18 Bn | 549.00 Mn | 14.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.52% |
| Mar 31, 2026 | 23.04% |
| Dec 31, 2025 | 23.09% |
| Sep 30, 2025 | 21.75% |
| Jun 30, 2025 | 21.04% |
| Mar 31, 2025 | 20.99% |
| Dec 31, 2024 | 21.51% |
| Sep 30, 2024 | 19.28% |
| Jun 30, 2024 | 19.45% |
| Mar 31, 2024 | 19.04% |
| Dec 31, 2023 | 19.93% |
| Sep 30, 2023 | 17.74% |
| Jun 30, 2023 | 17.22% |
| Mar 31, 2023 | 18.45% |
| Dec 31, 2022 | 18.48% |
| Sep 30, 2022 | 16.72% |
| Jun 30, 2022 | 16.59% |
| Mar 31, 2022 | 17.14% |
| Dec 31, 2021 | 17.63% |
| Sep 30, 2021 | 18.73% |
API Access
Ambev Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ABEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "ABEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ABEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();