Ambev (ABEV) Return on Invested Capital [ROIC] (2014 - 2026)
Ambev (ABEV) recorded Return on Invested Capital [ROIC] of 25.69% in the quarter ended Jun 30, 2026, down 22.47 percentage points from 48.16% a year earlier but up 0.32 percentage points from the prior quarter.
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Analysis
Ambev (ABEV) Return on Invested Capital [ROIC] (2014 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Ambev reported Return on Invested Capital [ROIC] of 24.85%, up 3.40 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has a five-year change of +4.86 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 21.45% in the year ended Dec 31, 2024 (-0.78 pp), 22.24% in the year ended Dec 31, 2023 (+2.11 pp), 20.12% in the year ended Dec 31, 2022 (+0.31 pp) and 19.81% in the year ended Dec 31, 2021 (-0.19 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 17.63% in the quarter ended Jun 30, 2023 to 48.16% in the quarter ended Jun 30, 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in six of the last eight quarters, with an average year-over-year change of +2.35 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 27.05 percentage points in the quarter ended Jun 30, 2025, against a drop of 22.47 percentage points in the quarter ended Jun 30, 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.37% (quarter ended Mar 31, 2026), 24.73% (quarter ended Dec 31, 2025) and 24.98% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 398.85 Bn | 387.48 Bn | 8.42 Bn | 15.41% |
| 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 | 16.05% |
| 4 | Monster Beverage | 90.49 Bn | 78.74 Bn | 1.42 Bn | - |
| 5 | Diageo | 58.34 Bn | 40.49 Bn | - | - |
| 6 | Ambev | 52.01 Bn | 37.41 Bn | 2.06 Bn | 25.34% |
| 7 | Coca-Cola Europacific Partners | 49.78 Bn | 43.00 Bn | - | - |
| 8 | Keurig Dr Pepper | 47.19 Bn | 47.43 Bn | 3.07 Bn | 4.33% |
| 9 | Constellation Brands | 23.46 Bn | 23.01 Bn | 1.39 Bn | 11.77% |
| 10 | Brown Forman | 13.49 Bn | 12.18 Bn | 549.00 Mn | 12.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.34% |
| Mar 31, 2026 | 22.91% |
| Dec 31, 2025 | 21.84% |
| Sep 30, 2025 | 23.49% |
| Jun 30, 2025 | 10.74% |
| Mar 31, 2025 | 10.27% |
| Dec 31, 2024 | 19.82% |
| Sep 30, 2024 | 20.61% |
| Jun 30, 2024 | 21.33% |
| Mar 31, 2024 | 19.63% |
| Dec 31, 2023 | 18.79% |
| 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% |
| Sep 30, 2021 | 20.79% |
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();