Ambev (ABEV) Return on Invested Capital [ROIC] (2014 - 2026)
Ambev (ABEV) recorded Return on Invested Capital [ROIC] of 24.68% in Q3 2026, up 1.20 percentage points from 23.49% a year earlier but down 0.66 percentage points from the prior quarter.
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Analysis
Ambev (ABEV) Return on Invested Capital [ROIC] (2014 - 2026) Analysis & Trends
For FY2025, Ambev reported Return on Invested Capital [ROIC] of 19.87%, up 0.55 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for four straight years, with a four-year change of +6.20 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 19.32% in FY2024 (+3.22 pp), 16.09% in FY2023 (+1.35 pp), 14.74% in FY2022 (+1.08 pp) and 13.67% in FY2021.
- Quarterly Return on Invested Capital [ROIC] has ranged from 10.27% in Q1 2025 to 25.34% in Q2 2026 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for five consecutive quarters, with an average year-over-year change of +1.80 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 14.60 percentage points in Q2 2026, against a drop of 10.58 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.34% (Q2 2026), 22.91% (Q1 2026) and 21.84% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 426.96 Bn | 415.44 Bn | 8.45 Bn | 15.55% |
| 2 | Diageo | 247.11 Bn | 229.26 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 202.87 Bn | 202.87 Bn | 37.08 Bn | - |
| 4 | Pepsico | 198.20 Bn | 156.16 Bn | 13.75 Bn | 16.05% |
| 5 | Anheuser-Busch InBev | 152.44 Bn | 152.44 Bn | 27,528.00 | - |
| 6 | Monster Beverage | 90.94 Bn | 88.18 Bn | 1.40 Bn | 21.32% |
| 7 | Coca-Cola Europacific Partners | 53.25 Bn | 46.47 Bn | - | - |
| 8 | Keurig Dr Pepper | 49.46 Bn | 48.93 Bn | 3.53 Bn | 4.68% |
| 9 | Ambev | 43.50 Bn | 28.41 Bn | 2.14 Bn | 24.68% |
| 10 | Constellation Brands | 24.64 Bn | 24.48 Bn | 1.39 Bn | 11.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.68% |
| Jun 30, 2026 | 25.34% |
| Mar 31, 2026 | 25.38% |
| Dec 31, 2025 | 24.17% |
| Sep 30, 2025 | 23.49% |
| Jun 30, 2025 | 43.11% |
| Mar 31, 2025 | 46.40% |
| Dec 31, 2024 | 22.49% |
| Sep 30, 2024 | 20.61% |
| Jun 30, 2024 | 21.33% |
| Mar 31, 2024 | 21.49% |
| Dec 31, 2023 | 20.51% |
| Sep 30, 2023 | 17.87% |
| Jun 30, 2023 | 16.60% |
| Mar 31, 2023 | 16.27% |
| Dec 31, 2022 | 15.65% |
| Sep 30, 2022 | 18.45% |
| Jun 30, 2022 | 18.49% |
| Mar 31, 2022 | 15.95% |
| Dec 31, 2021 | 15.80% |
API Access
Ambev Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=ABEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=ABEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();