United Breweries (CCU) Operating Margin (2009 - 2026)
United Breweries recorded quarterly Operating Margin of 11.21% in Q1 2026, down 77.7% quarter-over-quarter from 50.27% in Q2 2025, and down 4194.0% year-over-year from 0.27% in Q1 2025.
United Breweries' Operating Margin history runs 18 years deep, the most recent figure standing at 11.21% for Q1 2026.
- In Q1 2026, Operating Margin fell 4194.0% year-over-year to 11.21%; the TTM figure through Mar 2026 stood at 30.01% (up 2990.0% YoY), while the FY2025 annual figure was 51.47%, up 4242.0% from the prior year.
- Operating Margin came in at 11.21% for Q1 2026 at United Breweries, down from 50.27% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 53.15% in Q1 2025 to a low of 0.0% in Q2 2024.
- A 5-year average of 17.1% and a median of 14.1% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 5028 bps in 2025 and tumbled 4194 bps in 2026, its largest moves.
- United Breweries' Operating Margin stood at 13.98% in 2022, then grew by 6 bps to 14.85% in 2023, then decreased by 4 bps to 14.23% in 2024, then jumped by 253 bps to 50.27% in 2025, then sank by 78 bps to 11.21% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 11.21%, 50.27%, and 53.15% for Q1 2026, Q2 2025, and Q1 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 11.21% |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 23.39% |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 23.00% |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 27.83% |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 9.50% |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | -43.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.21% |
| Jun 30, 2025 | 50.27% |
| Mar 31, 2025 | 53.15% |
| Dec 31, 2024 | 14.23% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 11.92% |
| Dec 31, 2023 | 14.85% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | 14.24% |
| Dec 31, 2022 | 13.98% |
| Jun 30, 2022 | 6.21% |
| Mar 31, 2022 | 15.12% |
| Dec 31, 2021 | 13.98% |
| Sep 30, 2021 | 11.48% |
| Jun 30, 2021 | 0.12% |
| Mar 31, 2021 | 56.50% |
| Dec 31, 2020 | 16.57% |
| Sep 30, 2020 | 7.53% |
| Mar 31, 2020 | 14.85% |
| Dec 31, 2019 | 15.96% |
| Sep 30, 2019 | 9.71% |
| Sep 30, 2018 | 11.59% |
| Dec 31, 2017 | 17.68% |
| Jun 30, 2017 | 6.61% |
| Dec 31, 2016 | 16.96% |
| Sep 30, 2016 | 10.42% |
| Jun 30, 2016 | 4.84% |
| Mar 31, 2016 | 17.85% |
| Dec 31, 2015 | 15.33% |
| Sep 30, 2015 | 10.53% |
| Jun 30, 2015 | 9.77% |
| Mar 31, 2015 | 17.81% |
| Dec 31, 2014 | 18.63% |
| Sep 30, 2014 | 8.76% |
| Jun 30, 2014 | 13.60% |
| Mar 31, 2014 | 16.73% |
| Dec 31, 2013 | 19.77% |
| Sep 30, 2013 | 12.53% |
| Jun 30, 2013 | 8.97% |
| Dec 31, 2012 | 21.04% |
| Sep 30, 2012 | 13.96% |
| Jun 30, 2012 | 9.25% |
| Mar 31, 2012 | 20.27% |
| Dec 31, 2011 | 23.44% |
| Sep 30, 2011 | 14.87% |
| Jun 30, 2011 | 10.53% |
| Mar 31, 2011 | 27.20% |
| Dec 31, 2010 | 20.28% |
| Sep 30, 2010 | 15.20% |
| Jun 30, 2010 | 18.81% |
| Mar 31, 2010 | 0.00% |
| Dec 31, 2009 | 19.09% |
| Sep 30, 2009 | 0.00% |
| Jun 30, 2009 | 18.80% |
| Mar 31, 2009 | 22.10% |