Anheuser-Busch InBev SA/NV (BUD)
Anheuser-Busch InBev SA/NV produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies segments. The company also offers flavored malt beverages, soft drinks, spirit-based ready-to-drink cocktails and beverages, and energy drinks. In addition, it operates BEES, a business-to-business digital commerce platform; on-demand delivery platforms under the Zé Delivery and TaDa Delivery brands; and premium at-home draft system under the PerfectDraft brand. The company provides a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona Extra, Michelob Ultra, and Stella Artois; Aguila, Brahma, Carling Black Label, Cass Fresh, Jupiler, Quilmes, SKOL, and Victoria; Beck's, Hoegaarden, and Leffe; Antarctica, Bud Light, Castle, Castle Lite, Cristal, Harbin, Modelo Especial, Sedrin, and Skol brands, as well as non-beer brands comprising Brutal Fruit, Cutwater, and NÜTRL brands. The company was formerly known as InBev SA and changed its name to Anheuser-Busch InBev SA/NV in November 2008. Anheuser-Busch InBev SA/NV was founded in 1366 and is headquartered in Leuven, Belgium.
- Ticker
- BUD
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Beverages - Brewers
- Market cap
- $150.89B
- 52-week range
- $59.90 - $86.60
Valuation
- Share price
- $83.96 (close of Nov 6, 2026)
- P/E (TTM)
- 24.34x
- Price to book
- 1.54x
- Price to free cash flow
- 13.44x
- Enterprise value
- $212.28B
- Book value per share
- $54.38
Price performance
| Period | Change |
|---|---|
| 1 day | -1.46% |
| 5 days | +4.45% |
| 1 month | +11.03% |
| 3 months | -0.01% |
| 6 months | +2.28% |
| Year to date | +31.11% |
| 1 year | +33.52% |
| 3 years | +42.60% |
| 5 years | +38.14% |
| 10 years | -25.10% |
| All time | +118.08% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 0.67%
- Shares short
- 5.92M
- Days to cover
- 2.99
- Change since prior report
- -8.22%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed BUD trades
Lisa McClain · Bruce Westerman · Alan Armstrong · Kevin Hern
Super investors holding BUD
Dodge & Cox (Dodge & Cox Funds) · Bill Gates (Gates Foundation Trust) · Ken Griffin (Citadel) · Sarah Ketterer (Causeway Capital Management LLC) · Lee Ainslie (Maverick Capital LTD)
Profitability and growth
- Return on equity
- 7.00%
- Return on invested capital
- 7.35%
- Return on assets
- 3.12%
- Return on capital employed
- 8.36%
- Gross margin
- 55.93%
- Net margin
- 11.53%
- EBITDA margin
- 25.97%
- Revenue growth
- -0.75%
- Net income growth
- 16.77%
- Free cash flow growth
- 0.31%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 7.44%
- Current ratio
- 0.72x
- Net debt to EBITDA
- 2.95x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Revenue
- $59.32B
- Cost of revenue
- $26.14B
- Gross profit
- $33.18B
- EBITDA
- $15.40B
- Net income
- $6.84B
- Earnings per share
- $3.45
- Interest expense
- $5.15B
- Shares outstanding
- 1.98B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $59.32B | $33.18B | $6.84B | $3.45 |
| 2024-12-31 | $59.77B | $33.02B | $5.86B | $2.92 |
| 2023-12-31 | $59.38B | $31.98B | $5.34B | $2.65 |
| 2022-12-31 | $57.79B | $31.48B | $5.97B | $2.97 |
| 2021-12-31 | $54.30B | $31.21B | $4.67B | $2.33 |
| 2020-12-31 | $46.88B | $27.25B | $1.41B | $0.70 |
| 2019-12-31 | $52.33B | $31.97B | $9.17B | $4.62 |
| 2018-12-31 | $53.04B | $33.11B | $4.37B | $2.21 |
| 2017-12-31 | $54.86B | $33.88B | $7.99B | $4.05 |
| 2016-12-31 | $45.52B | $27.71B | $1.24B | $0.72 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 55.93% | 11.53% | 7.00% | 7.35% |
| 2024-12-31 | 55.25% | 9.80% | 6.60% | 7.67% |
| 2023-12-31 | 53.86% | 8.99% | 5.76% | 6.87% |
| 2022-12-31 | 54.48% | 10.33% | 7.08% | 7.66% |
| 2021-12-31 | 57.47% | 8.60% | 5.89% | 14.46% |
| 2020-12-31 | 58.12% | 3.00% | 1.79% | 9.81% |
| 2019-12-31 | 61.09% | 17.53% | 10.85% | 14.80% |
| 2018-12-31 | 62.42% | 8.24% | 6.08% | 18.08% |
| 2017-12-31 | 61.77% | 14.56% | 9.96% | 18.46% |
| 2016-12-31 | 60.89% | 2.73% | 1.52% | 13.84% |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $11.64B |
| 2024-12-31 | $11.17B |
| 2023-12-31 | $10.33B |
| 2022-12-31 | $9.97B |
| 2021-12-31 | $12.10B |
| 2020-12-31 | $15.25B |
| 2019-12-31 | $7.24B |
| 2018-12-31 | $7.07B |
| 2017-12-31 | $10.47B |
| 2016-12-31 | $8.58B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $11.23B | $625.00M |
| 2024-12-31 | $11.19B | $644.00M |
| 2023-12-31 | $8.63B | $570.00M |
| 2022-12-31 | $8.14B | $448.00M |
| 2021-12-31 | $9.16B | $510.00M |
| 2020-12-31 | $7.11B | $169.00M |
| 2019-12-31 | $8.86B | $340.00M |
| 2018-12-31 | $10.06B | $333.00M |
| 2017-12-31 | $10.24B | $348.00M |
| 2016-12-31 | $5.13B | $231.00M |
Dividend history
- Most recent payment
- May 8, 2026
- Paid in the last twelve months
- $1.17
| Payment date | Dividend per share |
|---|---|
| 2026-05-08 | $1.17 |
| 2025-05-07 | $1.13 |
| 2024-05-03 | $0.87 |
| 2023-05-03 | $0.82 |
| 2022-05-03 | $0.54 |
| 2021-05-04 | $0.60 |
| 2020-06-09 | $0.55 |
| 2019-11-19 | $0.89 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-29 | Sep 2026 | $1.14 |
| 2026-07-30 | Jun 2026 | $1.09 |
| 2026-05-05 | Mar 2026 | $0.90 |
| 2025-10-30 | Sep 2025 | $0.97 |
| 2025-07-31 | Jun 2025 | $0.94 |
| 2025-05-08 | Mar 2025 | $0.77 |
| 2025-02-26 | Dec 2024 | $0.72 |
| 2024-10-31 | Sep 2024 | $0.90 |
Filings and sources
- Company website
- ab-inbev.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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