Anheuser-Busch InBev
BUD NYSE· Distillers & Vintners
Last close · Oct 26, 2026
$81.98
KIRA · Stoqly’s AI analyst, in plain words
- Anheuser-Busch InBev had $59.3B of revenue in fiscal 2025, down 0.8% on the year before. Over five years, revenue changed +4.8% a year on average.
- Its operating margin was 26.0%, up 0.1 pts: of every 100 in sales, about 26 is left after running the business.
- Anheuser-Busch InBev made $6.8B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 19.0% a year.
- Free cash flow was $11.2B in fiscal 2025, 18.9% of revenue.
- Anheuser-Busch InBev returned $6.8B to shareholders in fiscal 2025, 61% of free cash flow.
Market cap
—
P/E
—
Revenue
$59.3B
Net income
$6.8B
Free cash flow
$11.2B
Operating margin
26.0%
Anheuser-Busch InBev in 30 seconds · fiscal 2025
Are sales growing?
−0.8%
No. Sales fell 0.8% last year.
Does it make a profit?
11.5%
Yes. It keeps 11.5% of every sale as profit.
Does profit turn into cash?
18.9%
Yes. 18.9% of sales ends up as free cash.
What Anheuser-Busch InBev does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Mar 3, 2026
- Legal name
- Anheuser-Busch InBev SA/NV
- CIK
- 0001668717
Anheuser-Busch InBev · BUD
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $54.3B | $57.8B | $59.4B | $59.8B | $59.3B |
| Revenue growth | 15.8% | 6.4% | 2.8% | 0.7% | −0.8% |
| Gross margin | 57.5% | 54.5% | 53.9% | 55.3% | 55.9% |
| Operating margin | 25.5% | 25.1% | 23.5% | 25.9% | 26.0% |
| Net income | $4.7B | $6.0B | $5.3B | $5.9B | $6.8B |
| Net margin | 8.6% | 10.3% | 9.0% | 9.8% | 11.5% |
| Diluted EPS | $2.28 | $2.91 | $2.60 | $2.86 | $3.39 |
| Cash | |||||
| Cash from operations | $14.8B | $13.3B | $13.3B | $15.1B | $14.9B |
| Capital expenditure | $5.6B | $5.2B | $4.6B | $3.9B | $3.7B |
| Free cash flow | $9.2B | $8.1B | $8.6B | $11.2B | $11.2B |
| FCF margin | 16.9% | 14.1% | 14.5% | 18.7% | 18.9% |
| Dividends paid | $2.4B | $2.4B | $3.0B | $2.7B | $4.5B |
| Share buybacks | $0.0M | $0.0M | $362M | $937M | $2.3B |
| Debt and strength | |||||
| Cash and short-term investments | $12.1B | $10.0B | $10.3B | $11.2B | $11.6B |
| Shareholders' equity | $68.7B | $73.4B | $81.8B | $78.2B | $87.3B |
| Current ratio | 0.7x | 0.7x | 0.6x | 0.7x | 0.7x |
| Interest coverage | 3.8x | 4.1x | 3.8x | 4.5x | 3.0x |
| Returns and quality | |||||
| Return on equity | 6.8% | 8.4% | 6.9% | 7.3% | 8.3% |
| Altman Z'' | 1.2 | 1.4 | 1.4 | 1.7 | 1.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Anheuser-Busch InBev · BUD
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Anheuser-Busch InBev BUD | — | −0.8% | 26.0% | 18.9% | — | — | — |
| Molson Coors TAP | $8.0B | −4.2% | −21.0% | 9.6% | −10.7% | — | 3 |
| Constellation Brands STZ | — | −10.5% | 29.8% | 19.6% | 10.7% | — | — |
| Brown–Forman BF-B | $13.3B | −1.2% | 25.5% | 22.7% | 12.9% | 18.7x | 6 |
| Boston Beer SAM | $2.1B | −2.4% | 7.4% | 11.0% | 15.4% | — | 7 |
KIRA
At $81.98 a share, the company is worth —.
Anheuser-Busch InBev grew sales faster than 4 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001668717). Data updated October 23, 2026. For information only — not investment advice. Check the original filings before relying on any figure.