profit from every €100 of sales.
€0€100
Heineken
€84.72+0.98% today
+24.1% since Dec 23, 25
1-year low €64.461-year high €84.72
Trading close to its highest price of 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 €25.09 for every €1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Heineken sold, what it kept, and what it did with the cash.
Sales went from €28.7 billion in 2022 to €28.8 billion in 2025, with €1.89 billion of profit last year.
SalesProfit
Heineken handed back 76% of the cash it generated last year.
Buybacks €701M€1.3B
Free cash flow 2025€2.6B
Bought back its own shares€701M
Paid as dividends€1.3B
Cash vs. debt€4.8B vs. €19.3B
Heineken vs. similar companies
Heineken grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from €100 of sales | Sales growth a year | Price per €1 of profit |
|---|---|---|---|
| Heineken | 25.1× · Fair price | ||
 Anheuser-Busch InBev SA/NV | 24.4× · Fair price | ||
 Fomento Económico Mexicano, S.A.B. de C.V. | 42.8× · Expensive | ||
 Ambev | 15.5× · Fair price | ||
 Heineken | 23.2× · Fair price |
AI analysis
An AI analyst reads Heineken'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 EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 28,719 | 30,362 | 29,821 | 28,753 | |
| 10,101 | 10,285 | 10,508 | 10,288 | |
| 4,229 | 3,097 | 3,487 | 3,332 | |
| 6,450 | 6,072 | 5,292 | 6,248 | |
| 2,682 | 2,304 | 978 | 1,885 | |
| 4.65 | 4.09 | 1.74 | 3.38 | |
| 35.2% | 33.9% | 35.2% | 35.8% | |
| 14.7% | 10.2% | 11.7% | 11.6% | |
| 9.3% | 7.6% | 3.3% | 6.6% |
Balance sheet
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 52,406 | 55,153 | 53,773 | 53,753 |
| Cash | 2,765 | 2,377 | 2,350 | 4,773 |
| Total debt | 16,377 | 18,238 | 17,049 | 19,279 |
| Total liabilities | 30,486 | 32,364 | 31,371 | 33,139 |
| 19,551 | 20,056 | 19,581 | 17,978 | |
| 576 | 564 | 561 | 557 | |
| 9.6% | 6.2% | 5.5% | 7.2% | |
| 13.7% | 11.5% | 5.0% | 10.5% |
Cash flow
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 4,496 | 4,430 | 5,503 | 5,012 | |
| 2,011 | 2,677 | 2,465 | 2,402 | |
| 2,485 | 1,753 | 3,038 | 2,610 | |
| Dividends paid | 1,099 | 1,335 | 1,199 | 1,276 |
| 43 | 942 | 5 | 701 | |
| – | – | – | – |
Valuation
- 25.1×
- –
- –
- 2.6×
- 1.6×
- 18.1×
- 9.9×
- 5.5%
- 4.0%
- 2.7%
Profitability
- 35.8%
- 11.6%
- 6.6%
- –
- 7.2%
- 7.1%
- –
- –
- –
- –
Growth
- +0.0%
- −10.1%
- –
- –
- −1.1%
Financial health
- 2.3×
- 1.07
- –
- 5.7×
- 0.93
- –
- –
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.
Bottom 33%of 669
Top 44%of 672
Bottom 30%of 623
Bottom 19%of 671
Top 43%of 666
2.7%of the share price, paid each year
On $1,000 invested$27a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
67.7% of its profit
Room to growStretchedMore than it earns: 48.9%
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
0/7Passes 0 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
44No pass
Benjamin Graham
45No pass
Philip Fisher
36No pass
Peter Lynch
17No pass
Joel Greenblatt
28No pass
Charlie Munger
30No pass
Terry Smith
32No pass
Questions about Heineken
Is Heineken a good stock to buy?
A business with weak numbers at a fair price. 0 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 Heineken AI analysis
What does Heineken do?
Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific. The company also provides soft drinks. It is in Beverages - Brewers, based in Amsterdam, Netherlands, with 81,028 employees.
Does Heineken pay a dividend?
Yes. At today's price the dividend is 2.7% a year, about 68% of its yearly profit. In 2025 it paid out €1.28 billion in dividends.
Is Heineken stock halal?
No. Heineken does not pass our halal screen: its main business, alcohol, is not permitted. How we check
Who are Heineken's competitors?
The largest listed companies in the same industry are Anheuser-Busch InBev SA/NV, Fomento Económico Mexicano, S.A.B. de C.V., Ambev and Heineken. The peers table on this page compares their profit, growth and price with Heineken's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.