Anheuser-Busch InBev (BUD) Invested Capital (2016 - 2026)
Anheuser-Busch InBev's (BUD) quarterly Invested Capital came in at $101.0 billion in Q4 2025, up 2.68% YoY from $98.4 billion in Q4 2024, and little changed on a QoQ basis from $101.1 billion in Q2 2025.
Anheuser-Busch InBev (BUD) Invested Capital (2016 - 2026) Analysis & Trends
Anheuser-Busch InBev (BUD) has 10 years of Invested Capital data on file, last reported at $101.0 billion in Q4 2025.
- Quarterly Invested Capital rose 2.68% year-over-year to $101.0 billion in Q4 2025, while the trailing twelve-month figure through Jun 2026 was $202.1 billion (up 1.32% YoY) and the FY2025 annual result came in at $101.0 billion, up 2.68% from the prior year.
- Invested Capital was little changed at $101.0 billion in Q4 2025, from $101.1 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $116.8 billion in Q4 2021 to a low of $98.4 billion in Q4 2024.
- A 5-year average of $106.8 billion and a median of $106.8 billion in 2023 frame the typical range for Invested Capital.
- The widest YoY moves for Invested Capital: up 28.53% in 2021, down 7.44% in 2021.
- Tracing BUD's Invested Capital over 5 years: stood at $116.8 billion in 2021, then declined by 7.33% to $108.2 billion in 2022, then decreased by 2.37% to $105.7 billion in 2023, then dropped by 6.89% to $98.4 billion in 2024, then climbed by 2.68% to $101.0 billion in 2025.
- The last three Invested Capital figures came in at $101.0 billion (Q4 2025), $101.1 billion (Q2 2025), and $98.4 billion (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,275.21 Bn | 1,902.19 Bn | 252.83 Bn | 24.79 Bn |
| 2 | Constellation Brands | 23.31 Bn | 23.22 Bn | 1.32 Bn | 1.10 Bn |
| 3 | Molson Coors Beverage | 8.04 Bn | 5.91 Bn | 1.06 Bn | 2.04 Bn |
| 4 | Boston Beer | 1.93 Bn | 1.66 Bn | 286.37 Mn | - |
| 5 | Ambev | 629,199.98 | -3.50 Bn | 2.29 Bn | - |
| 6 | Anheuser-Busch InBev | 159,507.43 | -7.66 Bn | - | 98.20 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 98.20 Bn |
| Dec 31, 2025 | 101.01 Bn |
| Jun 30, 2025 | 101.06 Bn |
| Dec 31, 2024 | 98.38 Bn |
| Jun 30, 2024 | 102.52 Bn |
| Dec 31, 2023 | 105.66 Bn |
| Jun 30, 2023 | 107.88 Bn |
| Dec 31, 2022 | 108.23 Bn |
| Jun 30, 2022 | 109.71 Bn |
| Dec 31, 2021 | 116.79 Bn |
| Jun 30, 2021 | 116.45 Bn |
| Dec 31, 2020 | 126.18 Bn |
| Jun 30, 2020 | 90.60 Bn |
| Dec 31, 2019 | 128.38 Bn |
| Jun 30, 2019 | -2.00 Mn |
| Dec 31, 2018 | 138.69 Bn |
| Jun 30, 2018 | 116.92 Bn |
| Dec 31, 2017 | 116.38 Bn |
| Dec 31, 2016 | 122.56 Bn |