| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 60 | 23.1x | 17.8x | Around median | |
Growth | 47 | -0.7% | 7.1% | Around median | |
Quality | 67 | — | 4.5% | Top tier | |
Safety | 50 | 3.1x | 2.6x | Around median | |
Capital Return | 51 | 3.05% | 2.12% | Around median | |
Momentum | 77 | 39.8% | 2.9% | Top tier | |
Sentiment | 72 | 8 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Anheuser-Busch InBev SA/NV is a global beverage company whose revenue is supported by a portfolio of major beer brands and premium products, alongside non-alcoholic beer, the Beyond Beer category, and digital platforms. In fiscal year 2025, major brands represented 57% of total revenue after their revenue grew at a 10% compound annual rate since fiscal year 2021, while Beyond Beer accounted for about 3% of revenue; emerging and developing markets also generated nearly 70% of earnings before interest, taxes, depreciation, and amortization.
Fiscal year 2025 revenue was approximately $59.3 billion, compared with $59.8 billion in fiscal year 2024, while gross profit increased to $33.2 billion from $33.0 billion, equivalent to a calculated gross margin of approximately 56.0%. Net income increased to $8.5 billion from $7.4 billion, and earnings per share rose to $3.39 from $2.86; on the operating basis presented by management, revenue grew 2%, earnings before interest, taxes, depreciation, and amortization grew 4.9%, and its margin expanded by 101 basis points.
In the second-quarter results announced on July 30, 2026, earnings, revenue, and sales volumes exceeded analysts' expectations, and beer volumes increased 1.1% year over year, supported by demand in the Americas markets and World Cup-related activity, with Michelob Ultra emerging as a growth driver. This followed improved momentum in the fourth quarter of fiscal year 2025, when the company maintained or increased its share in 80% of its markets, although fiscal year 2025 volumes remained below their potential, according to management.
The analyst consensus is "Buy," with an average price target of $90.75, within a range of $84.50 to $97. The average is approximately 4.8% above the 52-week range high of $86.60, while the low end is approximately 2.4% below it and the high end is approximately 12.0% above it, reflecting expectations of continued earnings growth and improving volumes, but leaving clear sensitivity to any setback in China or greater pressure on fiscal year 2026 margins.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Anheuser-Busch InBev recorded revenue of $59.3 billion in fiscal year 2025, compared with $59.8 billion in fiscal year 2024. Gross profit increased to $33.2 billion, net income to $8.5 billion, and earnings per share to $3.39. On the operating basis presented by management, revenue grew 2% and earnings before interest, taxes, depreciation, and amortization grew 4.9%, with the margin expanding by 101 basis points.
Earnings, revenue, and sales volumes exceeded analysts' expectations in the results announced on July 30, 2026. Beer volumes increased 1.1% year over year, driven by strong demand in the Americas markets and World Cup-related activity. Michelob Ultra was among the leading brands supporting this growth.
Non-alcoholic beer revenue increased 34% in fiscal year 2025, led by Corona Cero and Michelob ULTRA Zero, with the company estimating that it is gaining share in 70% of its 14 largest markets in this category. Beyond Beer revenue grew 23% and came to represent approximately 3% of total revenue. Cutwater also achieved triple-digit revenue growth in the United States, and the company expanded Flying Fish into ten countries.
Automated analysis for informational purposes only — not investment advice.
The leverage ratio reached 2.87 times in fiscal year 2025 despite a $2.8 billion negative impact on net debt from the strength of the euro. The company repurchased $2.7 billion of debt, and no bonds mature in 2026. The bond portfolio has an average maturity of 13 years and contains no financial covenants, according to management's February 12, 2026 presentation.
China represents the most prominent weakness, as its revenue declined by a low-teens percentage in fiscal year 2025 amid inventory adjustments and shifts in channels and regions. Group volumes also remained below their potential during fiscal year 2025 because of consumer pressure and unseasonal weather. In fiscal year 2026, management indicated greater currency pressure on the cost of goods in the first half and a concentration of marketing spending in the second and third quarters.
Management expects organic growth in earnings before interest, taxes, depreciation, and amortization of between 4% and 8% in fiscal year 2026. It set a net capital expenditure range of between $3.5 billion and $4.0 billion and a normalized effective tax rate of between 26% and 28%. Growth opportunities are based on improving momentum in key markets, the expansion of Michelob Ultra, Corona Cero, and Cutwater, and the growth of BEES Marketplace.
