| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 56 | 24.2x | 17.3x | 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 | 74 | 4.63% | 0.06% | Top tier | |
Momentum | 90 | 25.3% | -1.6% | Top tier | |
Sentiment | 75 | 8 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, 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 produces and markets beer, ready-to-drink alcoholic beverages, and non-alcoholic beverages through a global portfolio that includes Budweiser, Corona, Michelob ULTRA, and Busch Light, alongside Beyond Beer products such as Cutwater and Flying Fish. Its revenue-generating capacity depends on brand strength, premium pricing, geographic reach, innovation, and the BEES digital distribution network; in fiscal year 2025, megabrands represented 57% of total revenue, while Beyond Beer represented approximately 3%. Around 70% of earnings before interest, taxes, depreciation, and amortization also comes from emerging and developing markets, giving the company broad growth opportunities while keeping it exposed to varying demand and currency conditions across markets.
In Q2 fiscal year 2026, for the period ended 2026-06-30, revenue reached $31.9 billion, representing year-over-year growth of 6.4% from $30.0 billion in Q2 fiscal year 2025. Net income was $6.3 billion, diluted earnings per share were 3.19, and operating cash flow was $5.2 billion. Gross margin increased to 57.1% from 56.3%, but operating margin declined to 27.2% from 50.0%, while diluted share count decreased 0.8% to 1.98 billion shares.
The fiscal year 2025 mix shows that the fastest expansion drivers extend beyond traditional beer alone; non-alcoholic beer revenue increased 34% and Beyond Beer revenue increased 23%, while BEES Marketplace gross merchandise value reached approximately $3.5 billion, growing 61%. In contrast, total volume remained below its potential according to management, and China revenue declined by a low-teens percentage, making it necessary for mix and pricing improvements to be accompanied by a volume recovery in struggling markets.
Q2 FY2026
When: 2026-10-29
Year-over-year revenue growth at the 6.4% threshold
Gross margin at the 57.1% threshold
Operating margin at the 27.2% threshold
The analyst targets method places the median value at $91, within a range of $85 to $97 based on 15 analysts, and it prices in expected growth while inherently tending toward optimism. The industry multiple method places the value at $24 within a range of $18 to $65, based on sales and a median multiple of 0.8 for nine companies; this is an indicative, low-confidence reading that values Anheuser-Busch InBev like its peers. The two methods diverge clearly, as analyst targets incorporate company-specific growth and profitability expectations, while the industry multiple applies a peer sales benchmark without giving individual forecasts the same weight. This divergence is consistent with a Buy consensus and an average target of $90.75, while the valuation pillar of the EL7 score ranks 26 out of 29 within the industry.
Figures in the text are as of 2026-09-27; the live price is shown at the top of the page.
The company combines megabrands, premium pricing, new categories, and the BEES digital platform. In fiscal year 2025, non-alcoholic beer revenue grew 34%, Beyond Beer increased 23%, and BEES Marketplace gross merchandise value rose 61% to $3.5 billion. Management expects organic growth of between 4% and 8% in earnings before interest, taxes, depreciation, and amortization during fiscal year 2026, with commercial support from the 150th anniversary of the Budweiser brand and the FIFA World Cup.
Revenue reached $31.9 billion in Q2 fiscal year 2026, for the period ended 2026-06-30, representing year-over-year growth of 6.4%. Net income increased to $6.3 billion and diluted earnings per share rose to 3.19, while gross margin increased 0.8 percentage points to 57.1%. In contrast, operating margin fell 22.8 percentage points to 27.2%, so the improvement was not uniform across all profitability metrics.
Automated analysis for informational purposes only — not investment advice.
When: fiscal year 2026
Organic growth in earnings before interest, taxes, depreciation, and amortization at the 4% threshold
Megabrands represented 57% of total fiscal year 2025 revenue and achieved a compound annual growth rate of 10% since 2021. Corona volumes have doubled since 2018, and the brand achieved double-digit volume growth in 30 markets during fiscal year 2025, while selling at an average premium of 20% over its closest competitor. Michelob ULTRA led share growth in the United States, while Cutwater recorded triple-digit revenue growth and drove Beyond Beer expansion.
Total debt reached $72.3 billion versus cash and investments of $7.6 billion in Q2 fiscal year 2026, for the period ended 2026-06-30. Management stated on the 2026-02-12 call that the leverage ratio reached 2.87 times after $2.7 billion of debt repurchases during fiscal year 2025. It also reported that no bonds mature in fiscal year 2026 and that the average maturity is 13 years, which reduces near-term refinancing pressure but does not eliminate the scale of the debt burden.
China revenue declined by a low-teens percentage during fiscal year 2025, with volume performance weaker than a more stable industry and an inventory reset. The company is working to increase penetration in off-premise channels and inland regions, and said its share in Q4 fiscal year 2025 stabilized compared with the prior year. It also began regaining share in the online ordering and delivery channel, but management explained on the 2026-02-12 call that there remains significant room for improvement in distribution, assortment, pricing, and promotions.
The next earnings announcement is expected on 2026-10-29. Benchmarks include year-over-year revenue growth of 6.4% and gross margin of 57.1% in Q2 fiscal year 2026, for the period ended 2026-06-30. The operating margin trajectory will also be important after it fell to 27.2%, along with the company’s ability to remain within its forecast of between 4% and 8% organic growth in earnings before interest, taxes, depreciation, and amortization in fiscal year 2026.