United Breweries (CCU) Gross Margin (2009 - 2026)
United Breweries recorded quarterly Gross Margin of 47.29% in Q1 2026, up 15.79% quarter-over-quarter from 40.84% in Q2 2025, and up 55.0% year-over-year from 30.51% in Q1 2025.
United Breweries' Gross Margin history runs 18 years deep, the most recent figure standing at 47.29% for Q1 2026.
- In Q1 2026, Gross Margin rose 55.0% year-over-year to 47.29%; the TTM figure through Mar 2026 stood at 46.14% (up 606.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 45.18% and a median of 46.48% in 2022 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 4023 bps in 2022 and fell as far as 458 bps in 2022.
- United Breweries' Gross Margin stood at 47.52% in 2022, then fell by 3 bps to 46.15% in 2023, then grew by 4 bps to 47.84% in 2024, then declined by 15 bps to 40.84% in 2025, then advanced by 16 bps to 47.29% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 47.29%, 40.84%, and 46.74% for Q1 2026, Q2 2025, and Q1 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 47.29% |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 55.37% |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 49.56% |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 52.63% |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 33.01% |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 49.31% |
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 | 46.98% |
| Jun 30, 2021 | 0.11% |
| Mar 31, 2021 | 50.80% |
| Dec 31, 2020 | 49.25% |
| Sep 30, 2020 | 44.33% |
| Mar 31, 2020 | 49.64% |
| Dec 31, 2019 | 52.17% |
| Sep 30, 2019 | 48.53% |
| Sep 30, 2018 | 49.26% |
| Dec 31, 2017 | 54.31% |
| Jun 30, 2017 | 50.87% |
| Dec 31, 2016 | 53.79% |
| Sep 30, 2016 | 51.30% |
| Jun 30, 2016 | 49.25% |
| Mar 31, 2016 | 55.75% |
| Dec 31, 2015 | 54.99% |
| Sep 30, 2015 | 51.87% |
| Jun 30, 2015 | 52.94% |
| Mar 31, 2015 | 56.75% |
| Dec 31, 2014 | 55.52% |
| Sep 30, 2014 | 51.10% |
| Jun 30, 2014 | 50.34% |
| Mar 31, 2014 | 55.49% |
| Dec 31, 2013 | 57.70% |
| Sep 30, 2013 | 53.20% |
| Jun 30, 2013 | 50.92% |
| Dec 31, 2012 | 57.33% |
| Sep 30, 2012 | 52.59% |
| Jun 30, 2012 | 49.53% |
| Mar 31, 2012 | 55.36% |
| Dec 31, 2011 | 56.75% |
| Sep 30, 2011 | 51.19% |
| Jun 30, 2011 | 49.67% |
| Mar 31, 2011 | 55.61% |
| Dec 31, 2010 | 55.70% |
| Sep 30, 2010 | 51.43% |
| Jun 30, 2010 | 51.99% |
| Mar 31, 2010 | 56.87% |
| Dec 31, 2009 | 55.49% |
| Sep 30, 2009 | 0.00% |
| Jun 30, 2009 | 51.98% |
| Mar 31, 2009 | 54.15% |