Ambev (ABEV) Financials

$2.48 +0.01 (+0.20%)

Closing price 03:59 PM Eastern

Extended Trading

$2.49 +0.00 (+0.04%)

As of 07:54 PM Eastern

Annual Income Statements for Ambev

This table shows Ambev's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,335	2,989	2,735	2,273	2,191	2,931	2,833	2,195	3,857	3,138
Consolidated Net Income / (Loss)	2,401	3,083	2,817	2,354	2,259	3,033	2,924	2,351	4,022	3,253
Net Income / (Loss) Continuing Operations	3,218	3,300	2,532	2,468	2,259	3,033	2,924	2,351	4,022	3,253
Total Pre-Tax Income	3,151	3,099	2,693	2,468	2,598	3,220	3,382	3,875	4,119	4,171
Total Operating Income	3,526	3,881	3,346	3,064	3,075	4,000	4,420	4,997	5,258	4,743
Total Gross Profit	7,412	8,336	7,432	6,672	6,028	7,546	7,984	9,019	8,891	7,743
Total Revenue	14,465	16,433	15,079	13,068	11,239	12,940	12,945	14,462	14,018	11,800
Operating Revenue	14,465	16,433	15,079	13,068	11,239	12,940	12,945	14,462	14,018	11,800
Total Cost of Revenue	7,053	8,098	7,647	6,396	5,211	5,394	4,961	5,443	5,127	4,057
Operating Cost of Revenue	7,053	8,098	7,647	6,396	5,211	5,394	4,961	5,443	5,127	4,057
Total Operating Expenses	3,887	4,455	4,086	3,608	2,953	3,546	3,564	3,990	3,633	3,001
Selling, General & Admin Expense	1,003	1,087	991	875	568	667	609	791	666	576
Marketing Expense	1,396	1,528	1,388	1,262	1,227	1,417	1,474	1,695	1,821	1,350
Other Operating Expenses / (Income)	1,488	1,840	1,707	1,471	1,159	1,462	1,455	1,503	1,146	1,075
Total Other Income / (Expense), net	-308	-581	-814	-596	-477	-779	-1,038	-1,122	-1,139	-572
Interest Expense	729	1,056	1,351	974	1,045	1,181	1,207	1,333	1,413	900
Interest & Investment Income	421	514	542	399	577	408	169	212	275	327
Other Income / (Expense), net	0.63	-38	-5.51	-21	-8.34	-5.55	0.26	-0.94	-1.54	0.78
Net Income / (Loss) Attributable to Noncontrolling Interest	-66	-94	-82	-81	-68	-102	-91	-157	-165	-115
Basic Earnings per Share	$0.15	$0.19	$0.17	$0.81	$0.72	$0.75	$0.70	$0.14	$0.80	$0.79
Weighted Average Basic Shares Outstanding	15.76B	15.75B	15.75B	15.74B	15.73B	15.73B	15.72B	15.71B	-	-
Diluted Earnings per Share	$0.15	$0.19	$0.17	$0.80	$0.72	$0.74	$0.69	$0.14	$0.79	$0.79
Weighted Average Diluted Shares Outstanding	15.76B	15.75B	15.75B	15.74B	15.73B	15.73B	15.72B	15.71B	-	-
Weighted Average Basic & Diluted Shares Outstanding	15.76B	15.75B	15.75B	15.74B	15.73B	15.73B	15.72B	15.71B	-	-

No quarterly income statements for Ambev are available.

This table details how cash moves in and out of Ambev's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	7,684	5,836	4,433	5,466	6,026	6,042	4,694	7,659	5,625	7,567
Net Cash From Operating Activities	8,461	7,106	5,652	7,223	6,675	7,651	4,728	9,393	6,865	9,255
Net Cash From Continuing Operating Activities	8,461	7,106	5,652	7,223	6,675	7,651	4,702	9,393	6,865	9,255
Net Income / (Loss) Continuing Operations	2,401	3,083	2,817	2,354	2,259	3,033	2,924	2,351	4,022	3,253
Consolidated Net Income / (Loss)	2,401	3,083	2,817	2,354	2,259	3,033	2,924	2,351	4,022	3,253
Depreciation Expense	1,152	1,323	1,127	968	995	1,163	1,146	1,219	1,080	777
Non-Cash Adjustments To Reconcile Net Income	3,909	3,013	1,756	2,621	2,658	3,103	1,039	4,411	2,019	3,120
Changes in Operating Assets and Liabilities, net	999	-314	-48	1,280	763	352	-407	1,412	-255	2,106
Net Cash From Investing Activities	-758	-1,233	-1,228	-1,373	-981	-1,259	-947	-968	-1,823	-1,515
Net Cash From Continuing Investing Activities	-758	-1,233	-1,228	-1,373	-981	-1,259	-34	-968	-1,823	-1,515
Purchase of Property, Plant & Equipment	-768	-1,237	-1,236	-1,377	-903	-1,261	-	-967	-1,270	-1,329
Acquisitions	1.67	-9.58	-0.57	-24	-83	-24	-34	-101	-561	-306
Sale of Property, Plant & Equipment	7.97	14	8.53	29	5.62	29	-	16	19	18
Net Cash From Financing Activities	-19	-37	8.46	-384	332	-350	-3,519	-766	583	-174
Net Cash From Continuing Financing Activities	-19	-37	8.46	-384	332	-350	0.00	-766	583	-174
Repayment of Debt	-98	-47	-44	-440	-393	-585	-	-1,643	-583	-1,428
Issuance of Debt	79	10	52	57	725	235	-	877	1,166	1,254
Cash Interest Paid	120	137	156	89	148	101	-	218	223	65
Cash Interest Received	264	257	207	68	62	135	-	102	184	166
Cash Income Taxes Paid	585	335	174	234	316	506	-	651	1,642	537

No quarterly cash flow statements for Ambev are available.

This table presents Ambev's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	1/1/2018	12/31/2016
Total Assets	26,279	27,338	26,099	24,862	24,103	25,315	24,666	26,693	25,772
Total Current Assets	7,729	6,533	6,408	6,307	6,290	6,067	5,645	6,693	6,662
Cash & Equivalents	4,624	3,310	2,824	2,983	3,290	2,961	2,954	3,126	2,421
Short-Term Investments	201	57	127	378	368	44	41	40	119
Accounts Receivable	1,014	1,183	1,012	859	828	1,119	1,257	1,330	1,343
Inventories, net	1,890	1,982	2,445	1,973	1,464	1,488	1,392	1,304	1,336
Plant, Property, & Equipment, net	4,879	5,488	5,686	5,242	4,768	5,617	5,718	6,251	5,888
Plant, Property & Equipment, gross	4,879	5,488	5,686	5,242	4,768	5,617	5,718	6,251	5,888
Total Noncurrent Assets	13,641	15,267	14,005	13,313	13,044	13,631	13,113	13,749	13,222
Long-Term Investments	64	60	63	55	65	75	66	72	92
Goodwill	7,171	7,832	7,680	7,608	7,705	8,711	8,833	9,481	9,379
Intangible Assets	2,026	2,070	1,745	1,559	1,459	1,569	1,505	1,411	1,613
Noncurrent Deferred & Refundable Income Taxes	3,683	4,685	3,899	3,416	3,134	2,537	2,074	1,645	1,028
Employee Benefit Assets	11	12	11	5.00	6.47	14	-	18	10
Other Noncurrent Operating Assets	685	609	609	672	674	724	635	1,122	1,100
Total Liabilities & Shareholders' Equity	26,279	27,338	26,099	24,862	24,103	25,315	24,666	26,693	25,772
Total Liabilities	10,176	10,820	10,335	9,791	9,635	9,750	9,860	12,333	11,432
Total Current Liabilities	6,545	6,473	6,303	7,408	7,111	7,232	6,496	8,591	7,600
Short-Term Debt	558	722	713	556	923	762	1,057	1,368	1,659
Accounts Payable	4,132	4,844	4,699	4,609	3,849	3,827	3,653	3,632	3,414
Dividends Payable	1,372	315	277	256	473	238	208	537	527
Current Employee Benefit Liabilities	450	439	442	438	178	207	-	316	211
Other Current Nonoperating Liabilities	33	155	172	31	88	116	-	116	263
Total Noncurrent Liabilities	1,905	2,171	2,291	2,383	2,524	2,519	2,250	3,742	3,832
Noncurrent Deferred & Payable Income Tax Liabilities	810	684	705	577	586	590	625	703	716
Noncurrent Employee Benefit Liabilities	362	415	409	573	682	673	587	698	657
Other Noncurrent Operating Liabilities	732	1,070	1,163	1,140	1,256	1,256	1,038	2,340	2,451
Other Noncurrent Nonoperating Liabilities	1.08	2.41	0.00	88	0.00	0.02	-	0.72	8.30
Total Equity & Noncontrolling Interests	16,103	16,517	15,764	15,071	14,468	15,565	15,183	14,361	14,340
Total Preferred & Common Equity	15,951	16,275	15,504	14,824	14,211	15,247	14,872	13,765	13,779
Total Common Equity	15,951	16,275	15,504	14,824	14,211	15,247	14,495	13,765	13,779
Common Stock	9,416	11,990	10,997	10,411	11,147	14,398	14,872	17,395	17,710
Other Equity Adjustments	6,536	4,285	4,507	4,413	3,064	849	-	-3,523	-3,931
Noncontrolling Interest	152	242	260	247	257	318	311	596	561

No quarterly balance sheets for Ambev are available.

This table displays calculated financial ratios and metrics derived from Ambev's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.98%	8.98%	15.39%	16.27%	-13.14%	-0.04%	-10.49%	3.17%	18.79%	0.00%
EBITDA Growth	-9.43%	15.63%	11.38%	-1.24%	-21.25%	-7.35%	-10.44%	-1.90%	14.78%	0.00%
EBIT Growth	-8.24%	15.03%	9.78%	-0.77%	-23.22%	-9.64%	-11.54%	-4.95%	10.81%	0.00%
NOPAT Growth	-9.16%	15.98%	9.22%	14.60%	-29.02%	-1.46%	26.06%	-40.95%	38.80%	0.00%
Net Income Growth	-22.13%	9.45%	19.68%	4.22%	-25.52%	3.70%	24.38%	-41.54%	23.63%	0.00%
EPS Growth	-21.78%	9.33%	-78.40%	11.43%	-3.39%	7.05%	400.29%	-82.52%	0.37%	0.00%
Operating Cash Flow Growth	19.07%	25.71%	-21.74%	8.21%	-12.76%	61.83%	-49.67%	36.82%	-25.82%	0.00%
Free Cash Flow Firm Growth	61.25%	1,059.20%	-89.97%	-33.29%	13.87%	-0.74%	-11.66%	144.88%	0.00%	0.00%
Invested Capital Growth	-9.35%	4.74%	24.42%	2.98%	-10.09%	1.59%	1.84%	-7.20%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.24%	50.72%	49.29%	51.05%	53.64%	58.32%	61.68%	62.36%	63.43%	65.62%
EBITDA Margin	32.34%	31.43%	29.63%	30.69%	36.14%	39.86%	43.00%	42.98%	45.20%	46.78%
Operating Margin	24.37%	23.62%	22.19%	23.44%	27.36%	30.91%	34.14%	34.56%	37.51%	40.19%
EBIT Margin	24.38%	23.38%	22.15%	23.29%	27.29%	30.87%	34.15%	34.55%	37.50%	40.20%
Profit (Net Income) Margin	16.60%	18.76%	18.68%	18.01%	20.10%	23.44%	22.59%	16.26%	28.69%	27.57%
Tax Burden Percent	76.19%	99.50%	104.61%	95.37%	86.94%	94.17%	86.48%	60.67%	97.65%	77.99%
Interest Burden Percent	89.37%	80.64%	80.62%	81.11%	84.72%	80.63%	76.50%	77.56%	78.35%	87.92%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	13.06%	5.83%	13.52%	39.33%	2.35%	22.01%
Return on Invested Capital (ROIC)	22.54%	24.20%	23.68%	24.69%	20.70%	27.91%	28.81%	22.21%	72.50%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	190.94%	805.77%	64.77%	54.77%	40.42%	66.93%	88.42%	120.03%	1,339.73%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-7.82%	-5.10%	-5.41%	-8.75%	-5.66%	-8.19%	-9.02%	-5.82%	-16.41%	0.00%
Return on Equity (ROE)	14.72%	19.10%	18.27%	15.94%	15.04%	19.73%	19.80%	16.38%	56.09%	0.00%
Cash Return on Invested Capital (CROIC)	32.35%	19.57%	1.92%	21.75%	31.33%	26.33%	26.99%	29.68%	-127.50%	0.00%
Operating Return on Assets (OROA)	13.15%	14.38%	13.11%	12.43%	12.41%	15.98%	17.21%	19.05%	20.40%	0.00%
Return on Assets (ROA)	8.96%	11.54%	11.06%	9.61%	9.14%	12.14%	11.39%	8.96%	15.60%	0.00%
Return on Common Equity (ROCE)	14.54%	18.81%	17.97%	15.67%	14.75%	19.08%	18.94%	15.72%	53.89%	0.00%
Return on Equity Simple (ROE_SIMPLE)	15.05%	18.94%	18.17%	15.88%	15.89%	19.89%	19.66%	17.08%	29.19%	0.00%
Net Operating Profit after Tax (NOPAT)	3,526	3,881	3,346	3,064	2,673	3,767	3,822	3,032	5,134	3,699
NOPAT Margin	24.37%	23.62%	22.19%	23.44%	23.79%	29.11%	29.53%	20.97%	36.63%	31.35%
Net Nonoperating Expense Percent (NNEP)	-168.41%	-781.57%	-41.08%	-30.08%	-19.72%	-39.02%	-59.61%	-97.82%	-1,267.23%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	21.16%	22.51%	20.29%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	48.76%	49.28%	50.71%	48.95%	46.36%	41.68%	38.32%	37.64%	36.57%	34.38%
SG&A Expenses to Revenue	6.93%	6.61%	6.57%	6.69%	5.05%	5.15%	4.71%	5.47%	4.75%	4.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.87%	27.11%	27.10%	27.61%	26.28%	27.41%	27.53%	27.59%	25.92%	25.43%
Earnings before Interest and Taxes (EBIT)	3,526	3,843	3,341	3,043	3,067	3,994	4,420	4,997	5,256	4,744
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,679	5,166	4,467	4,011	4,061	5,157	5,567	6,215	6,336	5,520
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.83	2.56	2.48	2.68	2.92	4.04	3.48	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	4.32	6.55	6.32	7.02	8.23	12.42	12.15	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.01	2.54	2.55	3.04	3.70	4.77	3.90	0.00	0.00	0.00
Price to Earnings (P/E)	12.48	13.96	14.04	17.47	18.96	21.04	17.82	0.00	0.00	0.00
Dividend Yield	0.00%	5.70%	5.91%	1.51%	2.99%	3.08%	4.54%	3.23%	4.95%	6.63%
Earnings Yield	8.01%	7.16%	7.12%	5.72%	5.27%	4.75%	5.61%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.68	2.39	2.32	2.95	3.19	4.39	3.65	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.73	2.39	2.41	2.84	3.47	4.61	3.77	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	5.34	7.60	8.14	9.25	9.60	11.57	8.77	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	7.08	10.21	10.89	12.19	12.72	14.94	11.04	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	7.08	10.11	10.87	12.11	14.59	15.84	12.77	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.95	5.52	6.44	5.14	5.84	7.80	10.32	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	4.93	12.51	134.34	13.74	9.64	16.79	13.64	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.04	0.05	0.04	0.06	0.05	0.07	0.10	0.12	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.04	-0.01	-0.08	-0.16	-0.14	-0.12	-0.10	-0.05	-0.01	0.00
Leverage Ratio	1.64	1.66	1.65	1.66	1.65	1.63	1.74	1.83	1.80	0.00
Compound Leverage Factor	1.47	1.33	1.33	1.34	1.39	1.31	1.33	1.42	1.41	0.00
Debt to Total Capital	3.35%	4.19%	4.41%	3.59%	5.99%	4.67%	6.51%	8.70%	10.37%	0.00%
Short-Term Debt to Total Capital	3.35%	4.19%	4.33%	3.56%	5.99%	4.67%	6.51%	8.70%	10.37%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.09%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.91%	1.40%	1.57%	1.58%	1.67%	1.95%	1.91%	3.79%	3.51%	0.00%
Common Equity to Total Capital	95.74%	94.41%	94.02%	94.83%	92.33%	93.38%	89.25%	87.51%	86.12%	0.00%
Debt to EBITDA	0.12	0.14	0.16	0.14	0.23	0.15	0.19	0.22	0.26	0.00
Net Debt to EBITDA	-0.93	-0.52	-0.51	-0.71	-0.69	-0.45	-0.36	-0.30	-0.15	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.16	0.19	0.22	0.18	0.35	0.20	0.28	0.45	0.32	0.00
Net Debt to NOPAT	-1.23	-0.70	-0.68	-0.93	-1.05	-0.62	-0.52	-0.62	-0.19	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.77	3.38	3.23	3.31	3.43	4.77	4.15	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	1.21%	1.55%	1.64%	1.71%	1.91%	3.27%	4.35%	4.03%	3.91%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.01	1.02	0.85	0.88	0.84	0.87	0.78	0.88	0.00
Quick Ratio	0.89	0.70	0.63	0.57	0.63	0.57	0.65	0.52	0.51	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,061	3,138	271	2,699	4,046	3,553	3,580	4,052	-9,030	0.00
Operating Cash Flow to CapEx	1,113.28%	580.78%	460.51%	535.57%	743.46%	620.90%	0.00%	987.34%	548.75%	706.15%
Free Cash Flow to Firm to Interest Expense	6.94	2.97	0.20	2.77	3.87	3.01	2.97	3.04	-6.39	0.00
Operating Cash Flow to Interest Expense	11.60	6.73	4.18	7.42	6.38	6.48	3.92	7.05	4.86	10.29
Operating Cash Flow Less CapEx to Interest Expense	10.56	5.57	3.28	6.03	5.53	5.43	3.92	6.33	3.97	8.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.62	0.59	0.53	0.45	0.52	0.50	0.55	0.54	0.00
Accounts Receivable Turnover	13.17	14.97	16.12	15.48	11.55	10.89	10.00	10.82	10.44	0.00
Inventory Turnover	3.64	3.66	3.46	3.72	3.53	3.75	3.68	4.12	3.84	0.00
Fixed Asset Turnover	2.79	2.94	2.76	2.61	2.16	2.28	2.16	2.38	2.38	0.00
Accounts Payable Turnover	1.57	1.70	1.64	1.51	1.36	1.44	1.36	1.55	1.50	0.00
Days Sales Outstanding (DSO)	27.72	24.38	22.65	23.57	31.62	33.51	36.48	33.73	34.96	0.00
Days Inventory Outstanding (DIO)	100.21	99.78	105.44	98.08	103.39	97.43	99.19	88.52	95.14	0.00
Days Payable Outstanding (DPO)	232.25	215.06	222.14	241.33	268.84	253.08	268.01	236.24	243.07	0.00
Cash Conversion Cycle (CCC)	-104.32	-90.91	-94.05	-119.68	-133.84	-122.13	-132.34	-113.98	-112.97	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,875	16,410	15,667	12,592	12,227	13,600	13,387	13,144	14,165	0.00
Invested Capital Turnover	0.92	1.02	1.07	1.05	0.87	0.96	0.98	1.06	1.98	0.00
Increase / (Decrease) in Invested Capital	-1,535	743	3,075	365	-1,373	213	242	-1,020	14,165	0.00
Enterprise Value (EV)	24,966	39,252	36,372	37,098	39,003	59,669	48,812	0.00	0.00	0.00
Market Capitalization	29,145	41,714	38,399	39,705	41,547	61,670	50,505	0.00	0.00	0.00
Book Value per Share	$1.01	$1.03	$0.99	$0.94	$0.90	$0.97	$0.92	$0.88	$0.00	$0.00
Tangible Book Value per Share	$0.43	$0.40	$0.39	$0.36	$0.32	$0.32	$0.26	$0.18	$0.00	$0.00
Total Capital	16,661	17,239	16,491	15,632	15,391	16,327	16,241	15,729	15,999	0.00
Total Debt	558	722	727	562	923	762	1,057	1,368	1,659	0.00
Total Long-Term Debt	0.00	0.00	14	5.47	0.00	0.00	0.00	0.54	0.00	0.00
Net Debt	-4,331	-2,705	-2,287	-2,854	-2,801	-2,319	-2,004	-1,870	-974	0.00
Capital Expenditures (CapEx)	760	1,223	1,227	1,349	898	1,232	0.00	951	1,251	1,311
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,083	-2,586	-2,133	-3,906	-3,557	-3,408	-2,790	-3,697	-1,819	0.00
Debt-free Net Working Capital (DFNWC)	1,742	781	818	-545	102	-402	206	-530	721	0.00
Net Working Capital (NWC)	1,184	59	105	-1,102	-821	-1,164	-851	-1,898	-938	0.00
Net Nonoperating Expense (NNE)	1,125	798	529	710	415	734	898	681	1,113	446
Net Nonoperating Obligations (NNO)	-1,228	-107	-97	-2,479	-2,241	-1,965	-1,796	-1,216	-176	0.00
Total Depreciation and Amortization (D&A)	1,152	1,323	1,127	968	995	1,163	1,146	1,219	1,080	777
Debt-free, Cash-free Net Working Capital to Revenue	-21.31%	-15.74%	-14.15%	-29.89%	-31.65%	-26.34%	-21.55%	-25.56%	-12.98%	0.00%
Debt-free Net Working Capital to Revenue	12.04%	4.75%	5.42%	-4.17%	0.91%	-3.11%	1.59%	-3.66%	5.15%	0.00%
Net Working Capital to Revenue	8.18%	0.36%	0.69%	-8.43%	-7.30%	-9.00%	-6.58%	-13.12%	-6.69%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.92	$0.92	$0.81	$0.72	$0.19	$0.70	$0.47	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	15.76B	15.75B	15.75B	15.74B	15.73B	15.73B	15.72B	15.71B	0.00	0.00
Adjusted Diluted Earnings per Share	$0.15	$0.92	$0.91	$0.80	$0.72	$0.18	$0.70	$0.46	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	15.76B	15.75B	15.75B	15.74B	15.73B	15.73B	15.72B	15.71B	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.76B	15.75B	15.75B	15.74B	15.73B	15.73B	15.72B	15.71B	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	2,468	2,717	2,342	2,145	2,673	3,767	3,844	3,033	5,134	3,699
Normalized NOPAT Margin	17.06%	16.53%	15.53%	16.41%	23.79%	29.11%	29.70%	20.97%	36.63%	31.35%
Pre Tax Income Margin	21.79%	18.86%	17.86%	18.89%	23.12%	24.89%	26.12%	26.80%	29.38%	35.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.83	3.64	2.47	3.13	2.93	3.38	3.66	3.75	3.72	5.27
NOPAT to Interest Expense	4.83	3.67	2.48	3.15	2.56	3.19	3.17	2.27	3.63	4.11
EBIT Less CapEx to Interest Expense	3.79	2.48	1.56	1.74	2.07	2.34	3.66	3.04	2.83	3.82
NOPAT Less CapEx to Interest Expense	3.79	2.52	1.57	1.76	1.70	2.15	3.17	1.56	2.75	2.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Ambev are available.

Frequently Asked Questions About Ambev's Financials

When does Ambev's fiscal year end?

According to the most recent income statement we have on file, Ambev's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Ambev's net income changed over the last 9 years?

Ambev's net income appears to be on a downward trend, with a most recent value of $2.40 billion in 2024, falling from $3.25 billion in 2015. The previous period was $3.08 billion in 2023. View Ambev's forecast to see where analysts expect Ambev to go next.

What is Ambev's operating income?

Ambev's total operating income in 2024 was $3.53 billion, based on the following breakdown:

Total Gross Profit: $7.41 billion
Total Operating Expenses: $3.89 billion

How has Ambev revenue changed over the last 9 years?

Over the last 9 years, Ambev's total revenue changed from $11.80 billion in 2015 to $14.47 billion in 2024, a change of 22.6%.

How much debt does Ambev have?

Ambev's total liabilities were at $10.18 billion at the end of 2024, a 6.0% decrease from 2023, and a 11.0% decrease since 2016.

How much cash does Ambev have?

In the past 8 years, Ambev's cash and equivalents has ranged from $2.42 billion in 2016 to $4.62 billion in 2024, and is currently $4.62 billion as of their latest financial filing in 2024.

How has Ambev's book value per share changed over the last 9 years?

Over the last 9 years, Ambev's book value per share changed from 0.00 in 2015 to 1.01 in 2024, a change of 101.3%.

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This page (NYSE:ABEV) was last updated on 5/29/2025 by MarketBeat.com Staff

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Ambev (ABEV) Financials

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Ambev (ABEV) Financials

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