Anheuser-Busch InBev SA/NV | Large-cap | Consumer Defensive

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 12.8B
Gross Profit 7.2B 56.29%
Operating Income 3.4B 26.75%
Net Income 881.7M 6.86%

Balance Sheet Metrics

Total Assets 180.7B
Total Liabilities 102.5B
Shareholders Equity 78.3B
Debt to Equity 1.31

Cash Flow Metrics

Revenue & Profitability Trend

Anheuser-Busch InBev Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i51.2B59.4B57.8B54.3B46.9B
Cost of Goods Sold i22.9B27.4B26.3B23.1B19.6B
Gross Profit i28.3B32.0B31.5B31.2B27.2B
Gross Margin % i55.3%53.9%54.5%57.5%58.1%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i15.7B18.2B17.6B17.6B15.4B
Other Operating Expenses i-356.1M-449.0M-539.0M-573.0M-730.0M
Total Operating Expenses i15.3B17.7B17.0B17.0B14.6B
Operating Income i13.0B14.3B14.5B14.2B12.6B
Operating Margin % i25.3%24.0%25.0%26.2%26.9%
Non-Operating Items
Interest Income i627.4M733.0M462.0M231.0M465.0M
Interest Expense i3.6B4.6B4.4B4.3B4.6B
Other Non-Operating Income-651.4M-1.0B-1.9B-796.0M-4.5B
Pre-tax Income i9.0B9.1B9.5B8.5B2.1B
Income Tax i2.7B2.2B1.9B2.4B1.9B
Effective Tax Rate % i29.8%24.5%20.2%27.8%92.9%
Net Income i6.3B6.9B7.6B6.1B2.2B
Net Margin % i12.4%11.6%13.1%11.3%4.7%
Key Metrics
EBITDA i18.5B20.6B20.3B19.1B16.3B
EPS (Basic) i€2.92€2.65€2.97€2.33€0.70
EPS (Diluted) i€2.92€2.60€2.91€2.28€0.70
Basic Shares Outstanding i17145680202198347200211040906921041187292080005759
Diluted Shares Outstanding i17145680202198347200211040906921041187292080005759

Income Statement Trend

Anheuser-Busch InBev Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i9.6B10.3B10.0B12.1B15.3B
Short-term Investments i189.2M67.0M97.0M374.0M396.0M
Accounts Receivable i3.2B4.3B3.6B3.5B3.3B
Inventory i4.2B5.5B6.5B5.3B4.4B
Other Current Assets---1.0M1.0M-1.0M
Total Current Assets i19.7B23.4B23.2B23.9B26.5B
Non-Current Assets
Property, Plant & Equipment i655.7M973.0M786.0M00
Goodwill i223.4B275.4B266.2B272.0B283.5B
Intangible Assets i34.3B41.3B40.2B40.4B41.5B
Long-term Investments223.4M44.0M60.0M48.0M138.0M
Other Non-Current Assets3.9B5.7B5.0B4.7B4.5B
Total Non-Current Assets i157.2B196.0B189.8B193.7B199.9B
Total Assets i176.9B219.3B212.9B217.6B226.4B
Liabilities
Current Liabilities
Accounts Payable i13.7B17.7B18.6B17.8B15.9B
Short-term Debt i1.2B4.0B1.1B1.5B3.1B
Current Portion of Long-term Debt-----
Other Current Liabilities5.0B5.3B5.3B5.8B5.0B
Total Current Liabilities i28.3B37.2B34.4B34.2B32.4B
Non-Current Liabilities
Long-term Debt i60.5B74.2B78.9B87.4B95.5B
Deferred Tax Liabilities i9.7B11.9B11.8B12.2B12.6B
Other Non-Current Liabilities-856.0K-1.0M---2.0M
Total Non-Current Liabilities i72.6B89.5B94.3B104.1B115.7B
Total Liabilities i101.0B126.7B128.7B138.3B148.1B
Equity
Common Stock i1.5B1.7B1.7B1.7B1.7B
Retained Earnings i39.9B42.2B38.8B33.9B30.9B
Treasury Stock i3.3B3.5B3.7B--
Other Equity-----
Total Shareholders Equity i75.9B92.7B84.3B79.3B78.4B
Key Metrics
Total Debt i61.8B78.2B80.0B88.8B98.6B
Working Capital i-8.6B-13.8B-11.2B-10.2B-5.8B

Balance Sheet Composition

Anheuser-Busch InBev Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i6.4B6.9B7.6B6.1B147.0M
Depreciation & Amortization i4.8B5.4B5.1B5.1B4.8B
Stock-Based Compensation i552.8M570.0M448.0M510.0M169.0M
Working Capital Changes i164.8M-430.0M-1.6B-1.1B89.0M
Operating Cash Flow i18.6B20.4B18.0B17.6B13.1B
Investing Activities
Capital Expenditures i-3.2B-4.5B-4.8B-5.5B-3.7B
Acquisitions i-39.5M9.0M-70.0M-444.0M10.3B
Investment Purchases i-----
Investment Sales i-----
Investing Cash Flow i-2.8B-4.4B-4.6B-5.9B6.3B
Financing Activities
Share Repurchases i-804.3M-362.0M00-
Dividends Paid i-2.3B-3.0B-2.4B-2.4B-1.8B
Debt Issuance i4.7B202.0M91.0M454.0M14.8B
Debt Repayment i-8.7B-3.9B-7.9B-9.5B-23.6B
Financing Cash Flow i-8.5B-8.6B-10.6B-11.6B-8.5B
Free Cash Flow i9.6B8.6B8.1B9.2B7.1B
Net Change in Cash i7.3B7.5B2.7B135.0M11.0B

Cash Flow Trend

Anheuser-Busch InBev Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 18.02
Forward P/E 15.72
Price to Book 1.31
Price to Sales 1.80
PEG Ratio 15.72

Profitability Ratios

Profit Margin 12.16%
Operating Margin 26.38%
Return on Equity 9.69%
Return on Assets 4.54%

Financial Health

Current Ratio 0.64
Debt to Equity 82.96
Beta 0.87

Per Share Data

EPS (TTM) €3.01
Book Value per Share €41.31
Revenue per Share €29.33

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
abi105.4B18.021.319.69%12.16%82.96
Compagnie Bancaire 134.2M35.241.31-7.87%-7.30%23.73
Lotus Bakeries NV 6.7B43.118.5821.88%12.39%36.78
Colruyt Group N.V 4.6B14.111.4610.54%3.08%30.11
1Spatial Plc 838.4M20.402.7013.92%10.82%1.68
Sipef NV 800.0M9.480.8611.18%20.06%2.88

Financial data is updated regularly. All figures are in the company's reporting currency.