Ambev SA Financials Overview

ABEV Stock

USD 2.88 -0.06 -2.04%

For Ambev SA, the financial statements below highlight where earnings quality, leverage, and cash generation stand relative to recent trends. Revenue for Ambev SA came in at 88.24 Billion with 15.5 Billion reaching the bottom line, a 17.57% margin. On the balance sheet, cash sits at 19.06 Billion with debt at 5.35 Billion. Ambev SA ADR operates at significant scale, but margin compression and elevated leverage point to stable financial positioning. Consistent asset returns point to steady earnings generation within the current operating environment.

Cash Flow Balance Sheet Income Statement

Macro event markers

Dot-com Bubble

Housing Crash

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Yuan Drop

Covid

Interest Hikes

Balance Sheet Account Activities

Cash And Short Term Investments stood at 20.32 Billion as of December 31, 2025. As of this Monday, Net Receivables is above prior levels at approximately 10.7 B, while Property Plant And Equipment Net is slightly above 14.5 B.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

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Key Financial Indicators for Ambev SA

Operating Margin

28.2%

Short Term Coverage Ratios

24.47

Short Long Term Debt Total

3.8 B

Other Current Liab

22.9 B

Price Earnings Ratio

25.42

Ambev SA's financial condition is defined by how effectively operating cash flow supports debt obligations and ongoing capital investment. Liquidity, solvency, and earnings consistency together determine whether Ambev SA can sustain operations under current conditions. Latest disclosures for Ambev SA ADR show $1.21 in Cash Per Share, $1.34 in Free Cash Flow Per Share, and a Cash Ratio of 0.29.

Net Working Capital

-1.64 Billion

Earnings links to analyst estimate history and revisions, Ownership shows shareholder mix, Profitability focuses on margin and return ratios, Liquidity covers cash-flow strength and short-term funding capacity, and Fundamentals groups the broader financial ratio set.

Ambev SA Stock Summary

Ambev SA is commonly compared to Keurig Dr, Coca Cola, Sysco, Kimberly Clark, and Target. Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. The company was founded in 1885 and is headquartered in So Paulo, Brazil. Ambev SA operates under BeveragesBrewers classification in the United States and is traded on New York Stock Exchange. It employs 53000 people.

Foreign Associate	AR Argentina
Specialization	Consumer Defensive, Food, Beverage & Tobacco
Instrument	USA Stock View All
Exchange	New York Stock Exchange
ISIN	US02319V1035
Business Address	Rua Dr Renato
Sector	Beverages
Industry	Consumer Staples
Benchmark	Dow Jones Industrial
Website	www.ambev.com.br
Phone	55 80 0725 8000
Currency	USD - US Dollar

Revenue, margins, and capital structure at Ambev SA are presented below from the most recent reporting periods. Line items are grouped by statement so that leverage, margin compression, and cash burn - if present - surface independently. Multi-period comparison of Ambev SA ADR accounts exposes whether margins, leverage, and cash generation are strengthening or deteriorating.

Key Financial Ratios

Return on equity, debt-to-equity, and margin ratios from Ambev SA's statements reveal whether the business is generating adequate returns on the capital it employs.

	Return On Equity	0.17
	Profit Margin	0.18
	Operating Margin	0.28
	Price To Sales	0.51 X
	Revenue	88.24 B

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Key Cash Accounts

Ambev SA's investing activities reveal where management sees the best use of capital. With 24.45 B in operating cash flow, the accounts provide the full picture.

	2022	2023	2024	2025	2026 (projected)
Other Cashflows From Investing Activities	15M	154.5M	164.0M	6.2M	5.8M
Issuance Of Capital Stock	23.8M	14.5M	17.5M	20.1M	14.0M

Financial Ratio Analysis

Return On Equity stood at 24.00% as of December 31, 2025. Related reported metric: Return On Asset at 8.80% as of December 31, 2025.

Core Fundamental Drivers

The relationship between Ambev SA's leverage, margins, and cash generation determines whether the fundamental trajectory is improving or deteriorating. Ambev SA ADR reports revenue of 88.24 B, a price-to-earnings ratio of 22.12, and an operating margin of 28.19% on a trailing twelve-month basis, compared to 22.0% in the last reported annual period.

	2023	2024	2025	2026 (projected)
Gross Profit	40.4B	45.8B	45.4B	47.6B
Total Revenue	79.7B	89.5B	88.2B	92.7B

Gross Profit Total Revenue

Key Balance Sheet Account Correlations

Click cells to compare fundamentals

The correlation data above identifies which balance sheet accounts at Ambev SA are structurally linked versus independently driven. Focus on the extremes: tightly correlated pairs share a common driver that can be tracked as a leading indicator, while strong negative correlations reveal built-in offsets that buffer the overall financial trajectory. Relationships between total assets and total liabilities reveal how changes in leverage affect the overall financial position.

Balance Sheet Account Relationship Matchups

High Positive Relationship

Inventory	+ 0.97	Accounts Payable
Accounts Payable	+ 0.96	Total Assets
Intangible Assets	+ 0.96	Total Liab
Good Will	+ 0.96	Total Liab
Inventory	+ 0.95	Total Assets
Cash	+ 0.92	Total Assets

High Negative Relationship

Cash	- 0.98	Net Debt
Intangible Assets	- 0.86	Net Debt
Net Debt	- 0.86	Total Assets
Accounts Payable	- 0.82	Net Debt
Retained Earnings	- 0.8	Net Debt
Total Liab	- 0.8	Net Debt

Financial Metrics, Fundamentals & Methodology

Ambev SA's operating framework helps explain margin behavior, earnings persistence, and funding capacity. Balance-sheet composition shapes financial flexibility and solvency risk. In recent filings, Ambev SA reported revenue of 88.24 B, positive EPS of 0.2, operating margin of 28.19% as of the latest reporting period.

Ambev SA ADR values are built from periodic company reporting and market reference feeds, with reporting definitions aligned before display. Professional analyst research is incorporated when coverage is available. Reported income, balance-sheet, and cash-flow fields adhere to GAAP or IFRS presentation rules.

Editorial review and methodology oversight provided by: Rifka Kats, Member of Macroaxis Editorial Board

Total Assets	Short Long Term Debt Total
Other Current Liab	Total Current Liabilities
Total Stockholder Equity	Property Plant And Equipment Net
Net Debt	Accounts Payable
Cash	Non Current Assets Total
Non Current Assets Other	Cash And Short Term Investments
Net Receivables	Common Stock Shares Outstanding
Short Term Investments	Liabilities And Stockholders Equity
Non Current Liabilities Total	Inventory
Other Current Assets	Other Stockholder Equity
Total Liab	Property Plant And Equipment Gross
Total Current Assets	Accumulated Other Comprehensive Income
Short Term Debt	Retained Earnings
Intangible Assets	Other Liab
Other Assets	Long Term Debt
Good Will	Treasury Stock
Common Stock	Property Plant Equipment
Current Deferred Revenue	Common Stock Total Equity
Net Tangible Assets	Long Term Investments
Short Long Term Debt	Deferred Long Term Liab
Accumulated Amortization	Total Permanent Equity
Warrants	Noncontrolling Interest In Consolidated Entity
Retained Earnings Total Equity	Long Term Debt Total
Capital Surplus	Capital Lease Obligations
Negative Goodwill	Additional Paid In Capital
Preferred Stock Redeemable	Preferred Stock Total Equity
Non Current Liabilities Other	Accumulated Depreciation
Deferred Long Term Asset Charges	Temporary Equity Redeemable Noncontrolling Interests
Net Invested Capital	Net Working Capital
Capital Stock

	Total Assets	Net Debt	Accounts Payable	Cash	Net Receivables	Inventory	Total Liab	Retained Earnings	Intangible Assets	Good Will	Common Stock	Capital Stock
Total Assets		-0.86	0.96	0.92	0.82	0.95	0.88	0.76	0.91	0.88	0.67	0.44
Net Debt	-0.86		-0.82	-0.98	-0.66	-0.8	-0.8	-0.8	-0.86	-0.78	-0.52	-0.25
Accounts Payable	0.96	-0.82		0.87	0.77	0.97	0.86	0.82	0.9	0.83	0.55	0.4
Cash	0.92	-0.98	0.87		0.73	0.84	0.81	0.76	0.86	0.8	0.54	0.37
Net Receivables	0.82	-0.66	0.77	0.73		0.76	0.67	0.56	0.73	0.67	0.56	0.48
Inventory	0.95	-0.8	0.97	0.84	0.76		0.83	0.81	0.89	0.79	0.54	0.42
Total Liab	0.88	-0.8	0.86	0.81	0.67	0.83		0.78	0.96	0.96	0.73	-0.03
Retained Earnings	0.76	-0.8	0.82	0.76	0.56	0.81	0.78		0.87	0.72	0.46	0.05
Intangible Assets	0.91	-0.86	0.9	0.86	0.73	0.89	0.96	0.87		0.9	0.65	0.1
Good Will	0.88	-0.78	0.83	0.8	0.67	0.79	0.96	0.72	0.9		0.83	0.01
Common Stock	0.67	-0.52	0.55	0.54	0.56	0.54	0.73	0.46	0.65	0.83		-0.02
Capital Stock	0.44	-0.25	0.4	0.37	0.48	0.42	-0.03	0.05	0.1	0.01	-0.02