Ambev SA

NYSE:ABEVConsumer Defensive

$3.25−1.22%At closeAt close · Tue 20 Oct · ≈ AED 11.94 · Market cap $51.25B · Next earnings Thu 29 Oct · Extended $3.26 +0.31%

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	53.6%	51.1%	49.3%	50.7%	51.2%	51.4%	—	—
Operating margin	27.4%	23.4%	22.2%	23.6%	24.4%	25.3%	25.3%	+0.0 pts
Net margin	19.5%	17.4%	18.1%	18.2%	16.1%	17.6%	17.6%	+0.0 pts
EBITDA margin	35.6%	28.8%	29.0%	30.4%	32.4%	32.8%	—	—
Return on equity	15.4%	15.3%	17.6%	18.4%	14.6%	17.6%	17.5%	−0.2 pts
Return on assets	9.1%	9.1%	10.5%	10.9%	8.9%	10.5%	10.5%	+0.0 pts
Return on capital employed	17.4%	17.1%	18.2%	20.5%	19.3%	21.8%	—	—
Debt / equity	0.1×	0.0×	0.0×	0.0×	0.0×	0.1×	0.1×	−1.0%
Debt / assets	3.8%	2.3%	2.8%	2.6%	2.1%	3.6%	—	—
Interest coverage	38.5×	11.9×	29.7×	32.6×	9.1×	8.2×	—	—
Current ratio	1.1×	1.0×	0.9×	0.9×	1.1×	1.0×	1.0×	+0.0%
Quick ratio	0.8×	0.7×	0.6×	0.7×	0.9×	0.7×	—	—
Cash ratio	0.5×	0.4×	0.4×	0.4×	0.6×	0.4×	0.4×	+0.0%
Asset turnover	0.5×	0.5×	0.6×	0.6×	0.6×	0.6×	—	—
Inventory turnover	3.6×	3.2×	3.1×	4.1×	3.7×	4.1×	—	—
Receivables turnover	13.6×	15.2×	9.7×	8.7×	9.1×	8.6×	—	—
Dividend payout	60.2%	87.7%	84.7%	82.2%	28.1%	132.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.