United Breweries (CCU) Operating Margin (2009 - 2026)
United Breweries' Operating Margin was 42.96% in the quarter ended Jun 30, 2026, down 0.91 percentage points from 43.87% a year earlier and down 6.57 percentage points from the prior quarter.
United Breweries (CCU) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, United Breweries' Operating Margin was 30.27% through Jun 30, 2026, down 17.54 percentage points year-over-year; for the year ended Dec 31, 2025, it was 29.97%, down 17.38 percentage points from the prior year.
- Operating Margin shows a five-year change of -18.62 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Margin was 47.35% in the year ended Dec 31, 2024 (-1.69 pp), 49.04% in the year ended Dec 31, 2023 (+2.66 pp), 46.38% in the year ended Dec 31, 2022 (-3.14 pp) and 49.52% in the year ended Dec 31, 2021 (+0.93 pp).
- Quarterly Operating Margin has moved between -7.84% (the quarter ended Dec 31, 2025) and 59.49% (the quarter ended Dec 31, 2022) over five years.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of -8.07 percentage points.
- The best year-over-year quarter for Operating Margin over five years was the quarter ended Dec 31, 2022 (a gain of 10.51 percentage points); the worst was the quarter ended Dec 31, 2025 (a drop of 58.52 percentage points).
- Per Business Quant data, CCU's Operating Margin in the three quarters before the quarter ended Jun 30, 2026 was 49.53% (quarter ended Mar 31, 2026), -7.84% (quarter ended Dec 31, 2025) and 43.67% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 375.10 Bn | 363.73 Bn | 8.42 Bn | 34.92% |
| 2 | Diageo | 209.77 Bn | 202.17 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 182.89 Bn | 182.89 Bn | 2.06 Bn | 13.96% |
| 4 | Pepsico | 175.39 Bn | 135.83 Bn | 13.11 Bn | 16.64% |
| 5 | Anheuser-Busch InBev | 138.58 Bn | 107.33 Bn | 9.58 Bn | 27.38% |
| 6 | Monster Beverage | 82.00 Bn | 70.25 Bn | 1.42 Bn | 29.18% |
| 7 | Coca-Cola Europacific Partners | 46.20 Bn | 39.44 Bn | - | - |
| 8 | Ambev | 45.08 Bn | 31.10 Bn | 2.06 Bn | 23.89% |
| 9 | Keurig Dr Pepper | 42.81 Bn | 43.05 Bn | 3.07 Bn | 8.59% |
| 10 | United Breweries | 2.00 Bn | -1,970.81 Bn | 252.83 Bn | 42.96% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.96% |
| Mar 31, 2026 | 49.53% |
| Dec 31, 2025 | -7.84% |
| Sep 30, 2025 | 43.67% |
| Jun 30, 2025 | 43.87% |
| Mar 31, 2025 | 48.30% |
| Dec 31, 2024 | 50.68% |
| Sep 30, 2024 | 46.44% |
| Jun 30, 2024 | 43.94% |
| Mar 31, 2024 | 48.19% |
| Dec 31, 2023 | 50.39% |
| Sep 30, 2023 | 50.34% |
| Jun 30, 2023 | 46.62% |
| Mar 31, 2023 | 48.65% |
| Dec 31, 2022 | 59.49% |
| Sep 30, 2022 | 45.79% |
| Jun 30, 2022 | 42.41% |
| Mar 31, 2022 | 47.10% |
| Dec 31, 2021 | 48.98% |
| Sep 30, 2021 | 53.02% |
United Breweries Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CCU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CCU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CCU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();