Ambev (ABEV) Return on Capital Employed [ROCE] (2013 - 2026)
Ambev (ABEV) reported Return on Capital Employed [ROCE] of 23.26% for Q3 2026, up 1.51 percentage points from 21.75% a year earlier but down 0.25 percentage points from the prior quarter.
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Analysis
Ambev (ABEV) Return on Capital Employed [ROCE] (2013 - 2026) Analysis & Trends
For FY2025, Ambev posted Return on Capital Employed [ROCE] of 23.11%, up 1.51 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased for four consecutive years, with a four-year change of +5.01 percentage points (FY2021 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 21.60% in FY2024 (+0.95 pp), 20.65% in FY2023 (+1.39 pp), 19.26% in FY2022 (+1.16 pp) and 18.10% in FY2021.
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of 16.59% in Q2 2022 and a high of 23.52% in Q2 2026.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last 16 quarters, with an average year-over-year change of +1.90 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2026 (a gain of 2.48 percentage points); the low point was Q2 2022 (a drop of 2.59 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 23.52% (Q2 2026), 23.04% (Q1 2026) and 23.09% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 416.85 Bn | 405.33 Bn | 8.45 Bn | 18.32% |
| 2 | Diageo | 246.91 Bn | 229.06 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 201.88 Bn | 201.88 Bn | 37.08 Bn | - |
| 4 | Pepsico | 195.70 Bn | 153.66 Bn | 13.75 Bn | 19.41% |
| 5 | Anheuser-Busch InBev | 154.67 Bn | 154.67 Bn | 27,528.00 | - |
| 6 | Monster Beverage | 88.75 Bn | 85.98 Bn | 1.40 Bn | 27.70% |
| 7 | Coca-Cola Europacific Partners | 52.79 Bn | 46.01 Bn | - | - |
| 8 | Keurig Dr Pepper | 51.16 Bn | 50.63 Bn | 3.53 Bn | 5.24% |
| 9 | Ambev | 43.82 Bn | 28.73 Bn | 2.14 Bn | 23.26% |
| 10 | Constellation Brands | 24.62 Bn | 24.46 Bn | 1.39 Bn | 14.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.26% |
| 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% |
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();