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
DateValue
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%