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Ambev stock: key metrics
ABEVAmbev had an operating margin of 25.3% and a return on invested capital (ROIC) of 25% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 66.2% | 24.6% | 15.9% |
| 2007 | 66.3% | 39.5% | 25.6% |
| 2008 | 65.2% | 37.8% | 24.7% |
| 2009 | 66.7% | 39.6% | 25.8% |
| 2010 | 66.5% | 39.7% | 30.0% |
| 2011 | 66.8% | 42.2% | 19.0% |
| 2012 | 67.3% | 42.2% | 19.5% |
| 2013 | 67.0% | 44.0% | 27.2% |
| 2014 | 66.3% | 41.6% | 31.7% |
| 2015 | 65.6% | 40.2% | 26.6% |
| 2016 | 63.4% | 37.5% | 27.5% |
| 2017 | 62.4% | 34.6% | 15.2% |
| 2018 | 61.7% | 34.1% | 21.9% |
| 2019 | 58.3% | 30.9% | 22.7% |
| 2020 | 53.6% | 27.4% | 19.5% |
| 2021 | 51.1% | 23.4% | 17.4% |
| 2022 | 49.3% | 22.2% | 18.1% |
| 2023 | 50.7% | 23.6% | 18.2% |
| 2024 | 51.2% | 24.4% | 16.1% |
| 2025 | 51.4% | 25.3% | 17.6% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 14.6% | 11.0% | 7.9% |
| 2007 | 27.6% | 22.4% | 14.1% |
| 2008 | 24.6% | 22.5% | 12.2% |
| 2009 | 27.2% | 24.9% | 14.9% |
| 2010 | 31.0% | 31.6% | 17.7% |
| 2011 | 22.3% | 33.3% | 11.2% |
| 2012 | 25.0% | 37.1% | 11.7% |
| 2013 | 22.2% | 37.9% | 13.9% |
| 2014 | 28.6% | 38.1% | 16.7% |
| 2015 | 25.7% | 38.5% | 13.8% |
| 2016 | 28.0% | 39.8% | 15.0% |
| 2017 | 15.9% | 23.4% | 8.4% |
| 2018 | 19.5% | 32.3% | 11.7% |
| 2019 | 19.2% | 29.2% | 11.6% |
| 2020 | 15.4% | 24.2% | 9.1% |
| 2021 | 15.3% | 25.1% | 9.1% |
| 2022 | 17.6% | 25.2% | 10.5% |
| 2023 | 18.4% | 26.9% | 10.9% |
| 2024 | 14.6% | 23.6% | 8.9% |
| 2025 | 17.6% | 25.0% | 10.5% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = R$5.6169)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 13 Nov 2026, previously Strong
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.