United Breweries (CCU) Gross Margin (2009 - 2026)
United Breweries (CCU) posted Gross Margin of 47.29% for Q1 2026, up 15.79% sequentially from 40.84% in Q2 2025, and up 55.0% YoY from 30.51% in Q1 2025.
United Breweries (CCU) Gross Margin (2009 - 2026) Analysis & Trends
United Breweries has reported Gross Margin for 18 years, with the latest figure at 47.29% in Q1 2026.
- Quarterly Gross Margin rose 55.0% year-over-year to 47.29% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 46.14% (up 606.0% YoY) and the FY2025 annual result came in at 44.39%, down 84.0% from the prior year.
- Gross Margin improved to 47.29% in Q1 2026 per CCU's latest filing, from 40.84% in the prior quarter.
- Over five years, Gross Margin peaked at 48.49% in Q1 2023 and troughed at 40.05% in Q2 2024.
- A 5-year average of 44.99% and a median of 46.22% in 2022 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 4261 bps in 2022, down 656 bps in 2022.
- Over 5 years, Gross Margin stood at 47.52% in 2022, then retreated by 3 bps to 46.15% in 2023, then increased by 4 bps to 47.84% in 2024, then fell by 15 bps to 40.84% in 2025, then climbed 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,241.03 Bn | 1,868.01 Bn | 252.83 Bn | 41.60% |
| 2 | Constellation Brands | 23.25 Bn | 23.15 Bn | 1.32 Bn | 50.98% |
| 3 | Molson Coors Beverage | 8.03 Bn | 5.90 Bn | 1.06 Bn | 29.50% |
| 4 | Boston Beer | 1.92 Bn | 1.65 Bn | 286.37 Mn | 47.12% |
| 5 | Ambev | 628,100.00 | -3.50 Bn | 2.29 Bn | 51.56% |
| 6 | Anheuser-Busch InBev | 158,345.35 | -7.66 Bn | - | - |
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% |
| Sep 30, 2022 | 42.74% |
| Jun 30, 2022 | 40.34% |
| Mar 31, 2022 | 46.22% |
| Dec 31, 2021 | 47.52% |
| Sep 30, 2021 | 0.13% |
| Jun 30, 2021 | 46.90% |
| Mar 31, 2021 | 50.80% |
| Dec 31, 2020 | 49.25% |
| Sep 30, 2020 | 44.33% |
| Mar 31, 2020 | 49.64% |