profit from every $100 of sales.
$0$100
Ambev
$2.76-1.08% today
+13.6% in 1 year
1-year low $2.301-year high $3.43
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $15.12 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Ambev sold, what it kept, and what it did with the cash.
Sales went from R$79.7 billion in 2022 to R$88.2 billion in 2025, with R$15.5 billion of profit last year.
SalesProfit
Ambev handed back more cash to shareholders than it generated last year.
R$20.5B
Free cash flow 2025R$19.9B
Bought back its own sharesR$1.9B
Paid as dividendsR$20.5B
Cash vs. debtR$18.6B vs. R$3.4B
Ambev vs. similar companies
Ambev grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Ambev | 15.1× · Fair price | ||
 Anheuser-Busch InBev SA/NV | 24.5× · Fair price | ||
 Heineken | 24.7× · Fair price | ||
 Fomento Económico Mexicano, S.A.B. de C.V. | 42.6× · Expensive | ||
 Heineken | 22.8× · Fair price |
AI analysis
An AI analyst reads Ambev's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of BRL | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 79,709 | 79,737 | 89,453 | 88,243 | |
| 39,287 | 40,445 | 45,838 | 45,378 | |
| 17,403 | 18,773 | 21,507 | 22,323 | |
| 23,085 | 24,270 | 29,012 | 28,975 | |
| 14,458 | 14,502 | 14,437 | 15,503 | |
| 0.93 | 0.92 | 0.91 | 0.93 | |
| 49.3% | 50.7% | 51.2% | 51.4% | |
| 21.8% | 23.5% | 24.0% | 25.3% | |
| 18.1% | 18.2% | 16.1% | 17.6% |
Balance sheet
| In millions of BRL | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 137,958 | 132,644 | 162,508 | 145,087 |
| Cash | 14,926 | 16,059 | 28,596 | 18,638 |
| Total debt | 3,845 | 3,501 | 3,453 | 3,387 |
| Total liabilities | 54,630 | 52,501 | 62,928 | 56,312 |
| 81,956 | 78,969 | 98,642 | 87,914 | |
| 15,849 | 15,839 | 15,816 | 15,684 | |
| 15.8% | 17.1% | 16.9% | 19.2% | |
| 17.6% | 18.4% | 14.6% | 17.6% |
Cash flow
| In millions of BRL | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 20,642 | 24,711 | 26,099 | 24,450 | |
| 6,533 | 6,004 | 4,749 | 4,591 | |
| 14,109 | 18,707 | 21,350 | 19,860 | |
| Dividends paid | 12,242 | 11,922 | 4,056 | 20,464 |
| 54 | 119 | 468 | 1,926 | |
| 314 | 332 | 401 | 454 |
Valuation
- 15.4×
- 2.7×
- –
- 2.5×
- 2.7×
- 12.0×
- 7.7×
- 8.3%
- 6.5%
- 8.6%
Profitability
- 51.4%
- 25.3%
- 17.6%
- 32.0%
- 19.6%
- 17.7%
- 17.2%
- 10.7%
- 21.5%
- –
Growth
- +3.4%
- +0.0%
- −7.0%
- +20.7%
- −0.3%
Financial health
- -0.5×
- 0.04
- 2.1%
- 8.1×
- 0.96
- 0.78
- 0.61
How it ranks in Consumer Staples
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 14%of 670
Top 9%of 674
Top 36%of 625
Bottom 35%of 673
Top 28%of 669
What analysts expect
- Average price target
- $2.84
- Range
- $2.65 – $3.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 0.05 | 0.05 | +0.0% |
| Feb 12, 2026 | 0.05 | 0.05 | +0.0% |
| Oct 30, 2025 | 0.04 | 0.04 | +0.0% |
| Jul 31, 2025 | 0.03 | 0.03 | +0.0% |
| May 8, 2025 | 0.04 | 0.04 | +0.0% |
| Feb 26, 2025 | 0.05 | 0.05 | +0.0% |
| Oct 31, 2024 | 0.04 | 0.04 | −11.1% |
| Feb 29, 2024 | 0.06 | 0.05 | +20.0% |
8.6%of the share price, paid each year
On $1,000 invested$86a year at today's yield, before tax
+20.7%2020 to 2025
Raised1 yearin a row, in our data
Paid per share, each year
$0.23 in 2015 → $0.20 in 2025
How safe it looks
132.0% of its profit
Room to growStretchedMore than it earns: 103.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
77Pass
Benjamin Graham
67Pass
Philip Fisher
70Pass
Peter Lynch
40No pass
Joel Greenblatt
62Pass
Charlie Munger
79Pass
Terry Smith
69Pass
Questions about Ambev
Is Ambev a good stock to buy?
A solid business at a fair price. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Ambev AI analysis
What does Ambev do?
Ambev S.A., through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada. It is in Beverages - Brewers, based in São Paulo, SP, Brazil, with 39,000 employees.
Does Ambev pay a dividend?
Yes. At today's price the dividend is 8.7% a year, about 132% of its yearly profit. In 2025 it paid out $20.5 billion in dividends.
Is Ambev stock halal?
No. Ambev does not pass our halal screen: its main business, alcohol, is not permitted. How we check
How has Ambev stock done over the past year?
Up 13.6% over the past twelve months, to $2.76. It traded between $2.30 and $3.43 and is 19.5% below its high.
Who are Ambev's competitors?
The largest listed companies in the same industry are Anheuser-Busch InBev SA/NV, Heineken, Fomento Económico Mexicano, S.A.B. de C.V. and Heineken. The peers table on this page compares their profit, growth and price with Ambev's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.