
Anheuser-Busch InBev (ABI) | Financial Analysis & Statements
Anheuser-Busch InBev SA/NV | Large-cap | Consumer Defensive
Anheuser-Busch InBev SA/NV | Large-cap | Consumer Defensive
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income 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
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 51.2B | 59.4B | 57.8B | 54.3B | 46.9B |
Cost of Goods Sold | 22.9B | 27.4B | 26.3B | 23.1B | 19.6B |
Gross Profit | 28.3B | 32.0B | 31.5B | 31.2B | 27.2B |
Gross Margin % | 55.3% | 53.9% | 54.5% | 57.5% | 58.1% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 15.7B | 18.2B | 17.6B | 17.6B | 15.4B |
Other Operating Expenses | -356.1M | -449.0M | -539.0M | -573.0M | -730.0M |
Total Operating Expenses | 15.3B | 17.7B | 17.0B | 17.0B | 14.6B |
Operating Income | 13.0B | 14.3B | 14.5B | 14.2B | 12.6B |
Operating Margin % | 25.3% | 24.0% | 25.0% | 26.2% | 26.9% |
Non-Operating Items | |||||
Interest Income | 627.4M | 733.0M | 462.0M | 231.0M | 465.0M |
Interest Expense | 3.6B | 4.6B | 4.4B | 4.3B | 4.6B |
Other Non-Operating Income | -651.4M | -1.0B | -1.9B | -796.0M | -4.5B |
Pre-tax Income | 9.0B | 9.1B | 9.5B | 8.5B | 2.1B |
Income Tax | 2.7B | 2.2B | 1.9B | 2.4B | 1.9B |
Effective Tax Rate % | 29.8% | 24.5% | 20.2% | 27.8% | 92.9% |
Net Income | 6.3B | 6.9B | 7.6B | 6.1B | 2.2B |
Net Margin % | 12.4% | 11.6% | 13.1% | 11.3% | 4.7% |
Key Metrics | |||||
EBITDA | 18.5B | 20.6B | 20.3B | 19.1B | 16.3B |
EPS (Basic) | €2.92 | €2.65 | €2.97 | €2.33 | €0.70 |
EPS (Diluted) | €2.92 | €2.60 | €2.91 | €2.28 | €0.70 |
Basic Shares Outstanding | 1714568020 | 2198347200 | 2110409069 | 2104118729 | 2080005759 |
Diluted Shares Outstanding | 1714568020 | 2198347200 | 2110409069 | 2104118729 | 2080005759 |
Income Statement Trend
Anheuser-Busch InBev Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 9.6B | 10.3B | 10.0B | 12.1B | 15.3B |
Short-term Investments | 189.2M | 67.0M | 97.0M | 374.0M | 396.0M |
Accounts Receivable | 3.2B | 4.3B | 3.6B | 3.5B | 3.3B |
Inventory | 4.2B | 5.5B | 6.5B | 5.3B | 4.4B |
Other Current Assets | - | - | -1.0M | 1.0M | -1.0M |
Total Current Assets | 19.7B | 23.4B | 23.2B | 23.9B | 26.5B |
Non-Current Assets | |||||
Property, Plant & Equipment | 655.7M | 973.0M | 786.0M | 0 | 0 |
Goodwill | 223.4B | 275.4B | 266.2B | 272.0B | 283.5B |
Intangible Assets | 34.3B | 41.3B | 40.2B | 40.4B | 41.5B |
Long-term Investments | 223.4M | 44.0M | 60.0M | 48.0M | 138.0M |
Other Non-Current Assets | 3.9B | 5.7B | 5.0B | 4.7B | 4.5B |
Total Non-Current Assets | 157.2B | 196.0B | 189.8B | 193.7B | 199.9B |
Total Assets | 176.9B | 219.3B | 212.9B | 217.6B | 226.4B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 13.7B | 17.7B | 18.6B | 17.8B | 15.9B |
Short-term Debt | 1.2B | 4.0B | 1.1B | 1.5B | 3.1B |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | 5.0B | 5.3B | 5.3B | 5.8B | 5.0B |
Total Current Liabilities | 28.3B | 37.2B | 34.4B | 34.2B | 32.4B |
Non-Current Liabilities | |||||
Long-term Debt | 60.5B | 74.2B | 78.9B | 87.4B | 95.5B |
Deferred Tax Liabilities | 9.7B | 11.9B | 11.8B | 12.2B | 12.6B |
Other Non-Current Liabilities | -856.0K | -1.0M | - | - | -2.0M |
Total Non-Current Liabilities | 72.6B | 89.5B | 94.3B | 104.1B | 115.7B |
Total Liabilities | 101.0B | 126.7B | 128.7B | 138.3B | 148.1B |
Equity | |||||
Common Stock | 1.5B | 1.7B | 1.7B | 1.7B | 1.7B |
Retained Earnings | 39.9B | 42.2B | 38.8B | 33.9B | 30.9B |
Treasury Stock | 3.3B | 3.5B | 3.7B | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 75.9B | 92.7B | 84.3B | 79.3B | 78.4B |
Key Metrics | |||||
Total Debt | 61.8B | 78.2B | 80.0B | 88.8B | 98.6B |
Working Capital | -8.6B | -13.8B | -11.2B | -10.2B | -5.8B |
Balance Sheet Composition
Anheuser-Busch InBev Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 6.4B | 6.9B | 7.6B | 6.1B | 147.0M |
Depreciation & Amortization | 4.8B | 5.4B | 5.1B | 5.1B | 4.8B |
Stock-Based Compensation | 552.8M | 570.0M | 448.0M | 510.0M | 169.0M |
Working Capital Changes | 164.8M | -430.0M | -1.6B | -1.1B | 89.0M |
Operating Cash Flow | 18.6B | 20.4B | 18.0B | 17.6B | 13.1B |
Investing Activities | |||||
Capital Expenditures | -3.2B | -4.5B | -4.8B | -5.5B | -3.7B |
Acquisitions | -39.5M | 9.0M | -70.0M | -444.0M | 10.3B |
Investment Purchases | - | - | - | - | - |
Investment Sales | - | - | - | - | - |
Investing Cash Flow | -2.8B | -4.4B | -4.6B | -5.9B | 6.3B |
Financing Activities | |||||
Share Repurchases | -804.3M | -362.0M | 0 | 0 | - |
Dividends Paid | -2.3B | -3.0B | -2.4B | -2.4B | -1.8B |
Debt Issuance | 4.7B | 202.0M | 91.0M | 454.0M | 14.8B |
Debt Repayment | -8.7B | -3.9B | -7.9B | -9.5B | -23.6B |
Financing Cash Flow | -8.5B | -8.6B | -10.6B | -11.6B | -8.5B |
Free Cash Flow | 9.6B | 8.6B | 8.1B | 9.2B | 7.1B |
Net Change in Cash | 7.3B | 7.5B | 2.7B | 135.0M | 11.0B |
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
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
abi | 105.4B | 18.02 | 1.31 | 9.69% | 12.16% | 82.96 |
Compagnie Bancaire | 134.2M | 35.24 | 1.31 | -7.87% | -7.30% | 23.73 |
Lotus Bakeries NV | 6.7B | 43.11 | 8.58 | 21.88% | 12.39% | 36.78 |
Colruyt Group N.V | 4.6B | 14.11 | 1.46 | 10.54% | 3.08% | 30.11 |
1Spatial Plc | 838.4M | 20.40 | 2.70 | 13.92% | 10.82% | 1.68 |
Sipef NV | 800.0M | 9.48 | 0.86 | 11.18% | 20.06% | 2.88 |
Financial data is updated regularly. All figures are in the company's reporting currency.