Anheuser-Busch InBev (BUD) Net Margin (2015 - 2025)
Anheuser-Busch InBev's (BUD) quarterly Net Margin came in at 4.74% in Q4 2025, down 4523.0% YoY from 0.11% in Q4 2024, and down 53.2% on a QoQ basis from 10.12% in Q3 2025.
Anheuser-Busch InBev (BUD) Net Margin (2015 - 2025) Analysis & Trends
Anheuser-Busch InBev (BUD) has 11 years of Net Margin data on file, last reported at 4.74% in Q4 2025.
- Quarterly Net Margin fell 4523.0% year-over-year to 4.74% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 11.53% (down 1475.0% YoY) and the FY2025 annual result came in at 11.53%, up 173.0% from the prior year.
- Net Margin slipped to 4.74% in Q4 2025, from 10.12% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 49.97% in Q4 2024 to a low of 52.55% in Q4 2021.
- A 5-year average of 15.31% and a median of 13.95% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2021 — Net Margin plunged 7297 bps — and 2022, when it soared 7504 bps.
- Tracing BUD's Net Margin over 5 years: stood at 52.55% in 2021, then surged by 143 bps to 22.48% in 2022, then soared by 112 bps to 47.61% in 2023, then climbed by 5 bps to 49.97% in 2024, then tumbled by 91 bps to 4.74% in 2025.
- The last three Net Margin figures came in at 4.74% (Q4 2025), 10.12% (Q3 2025), and 13.49% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,224.41 Bn | 1,851.39 Bn | 252.83 Bn | 0.00% |
| 2 | Constellation Brands | 23.10 Bn | 23.00 Bn | 1.32 Bn | 25.94% |
| 3 | Molson Coors Beverage | 8.00 Bn | 5.87 Bn | 1.06 Bn | 6.15% |
| 4 | Boston Beer | 1.97 Bn | 1.71 Bn | 286.37 Mn | 8.48% |
| 5 | Ambev | 624,799.98 | -3.50 Bn | 2.29 Bn | 393.12% |
| 6 | Anheuser-Busch InBev | 157,405.59 | -7.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 4.74% |
| Sep 30, 2025 | 10.12% |
| Jun 30, 2025 | 13.49% |
| Mar 31, 2025 | 18.67% |
| Dec 31, 2024 | 49.97% |
| Sep 30, 2024 | 38.05% |
| Jun 30, 2024 | 7.04% |
| Mar 31, 2024 | 10.21% |
| Dec 31, 2023 | 47.61% |
| Sep 30, 2023 | 29.67% |
| Jun 30, 2023 | 4.01% |
| Mar 31, 2023 | 14.41% |
| Dec 31, 2022 | 22.48% |
| Sep 30, 2022 | 28.49% |
| Jun 30, 2022 | 16.73% |
| Mar 31, 2022 | 3.77% |
| Dec 31, 2021 | -52.55% |
| Sep 30, 2021 | 9.40% |
| Jun 30, 2021 | 22.70% |
| Mar 31, 2021 | 7.26% |