PerpEquities

Anheuser-Busch InBev SA/NV (BUD) financials

NYSE · Consumer Defensive · Beverages - Alcoholic · 136,805 employees · CEO Michel Dimitrios Doukeris

Price
$80.38 +1.08%
Market cap
$160B
Enterprise value
$205B
Last report
Q4 '26 filed 2026-10-29
Revenue (TTM)–– vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)–– vs a year agoOperating income –
Net income (TTM)–– vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)–– vs a year agoCapex –
Diluted EPS (TTM)–– vs a year agoSum of the last 4 quarters
Net cash-$64.4B+5.7% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
$160B
EV $205B
Revenue
–
Trailing 12 months
Revenue growth
+9%
FY2026 consensus
Profit margin
–
Net income / revenue, TTM
P/E
12.9×
Forward 18.1× (FY2026)
P/S
1.8×
Price / sales, TTM
EV / EBITDA
7.8×
TTM
Free cash flow
–
Trailing 12 months
Net income
–
Trailing 12 months
Revenue estimate
$64.8B
FY2026 consensus
Earnings
–
Dividend
$1.35
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Net debt $64.4BCash + short-term investments $7.91B, debt incl. leases $72.3B; a year ago net debt $68.3B.

Last quarter: Q4 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q4 '26Year agoChange
Revenue$16.5B––
Gross margin56.3%––
Operating income$4.54B––
Operating margin27.5%––
Net income$1.6B––
Diluted EPS$0.81––
R&D$0––

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Free cash flow
–
Returned to shareholders / FCF
–

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)12.9×21.2×17.1× – 26.0×
EV / EBITDA7.8×9.7×7.9× – 11.1×
EV / Sales2.6×3.2×2.7× – 3.7×
Price / FCF9.1×12.9×9.0× – 15.6×
Price / Book1.7×1.5×1.3× – 1.8×
FCF yield11.0%8.1%6.4% – 11.1%
Return on invested capital8.6%6.0%5.4% – 6.4%
Return on equity13.3%7.4%6.5% – 8.1%

Analysts

Consensus target $90.75 (+12.9%)
range $84.50 – $97.00 · rating Buy

Strong buy0
Buy26
Hold17
Sell2
Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026$64.8B+9.3%$4.43+28.2%18.1×9
FY2027$67.3B+3.8%$4.91+10.8%16.4×10
FY2028$69.9B+3.9%$5.39+9.8%14.9×5
FY2029$73.7B+5.4%$6.01+11.4%13.4×4
FY2030$75.5B+2.5%$7.10+18.2%11.3×4

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01