United Breweries (CCU) Gross Margin (2009 - 2026)
United Breweries' (CCU) quarterly Gross Margin came in at 47.29% in Q1 2026, up 55.0% year-on-year from 30.51% in Q1 2025, and up 15.79% quarter-over-quarter from 40.84% in Q2 2025.
United Breweries (CCU) Gross Margin (2009 - 2026) Analysis & Trends
United Breweries has disclosed Gross Margin across 18 years of filings, most recently posting 47.29% for Q1 2026.
- Gross Margin for Q1 2026 came in at 47.29%, up 55.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 46.14% (up 606.0% YoY), and the FY2025 annual result was 44.39%, down 84.0% from the prior year.
- Gross Margin came in at 47.29% for Q1 2026 at United Breweries, up from 40.84% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 48.49% in Q1 2023 to a low of 40.05% in Q2 2024.
- The 5-year median for Gross Margin is 46.48% (2022), against an average of 45.18%.
- Peak annual rise in Gross Margin reached 4622 bps in 2022, while the deepest fall reached 656 bps in 2022.
- United Breweries' Gross Margin stood at 47.52% in 2022, then declined by 3 bps to 46.15% in 2023, then climbed by 4 bps to 47.84% in 2024, then dropped by 15 bps to 40.84% in 2025, then gained by 16 bps to 47.29% in 2026.
- The last three Gross Margin figures came in at 47.29% (Q1 2026), 40.84% (Q2 2025), and 46.74% (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | 47.29% |
| 2 | Anheuser-Busch InBev | 143.88 Bn | 131.66 Bn | 8.61 Bn | 55.37% |
| 3 | Ambev | 35.18 Bn | 31.41 Bn | 2.42 Bn | 52.63% |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 49.56% |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | 33.01% |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | 49.31% |
| 8 | NFiniTi | - | - | - | - |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 33.01% |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | 55.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 47.29% |
| Jun 30, 2025 | 40.84% |
| Mar 31, 2025 | 46.74% |
| Dec 31, 2024 | 47.84% |
| Jun 30, 2024 | 40.05% |
| Mar 31, 2024 | 47.20% |
| Dec 31, 2023 | 46.15% |
| Jun 30, 2023 | 43.43% |
| Mar 31, 2023 | 48.49% |
| Dec 31, 2022 | 47.52% |
| Jun 30, 2022 | 40.34% |
| Mar 31, 2022 | 46.22% |
| Dec 31, 2021 | 47.52% |
| Sep 30, 2021 | 48.27% |
| Jun 30, 2021 | 46.90% |
| Mar 31, 2021 | 0.00% |
| Dec 31, 2020 | 49.25% |
| Sep 30, 2020 | 44.33% |
| Mar 31, 2020 | 49.64% |
| Dec 31, 2019 | -33,586.40% |