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Heineken stock: growth
HEIA.ASHeineken reported $31.86B in revenue for fiscal 2025, down 3.6% on the prior year, up 7.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
4.8%
per year from 2006 to 2025, per share 4.1%
Earnings (Annual rate)
2.4%
per year from 2006 to 2025, per share 1.7%
Free cash flow (Annual rate)
5.3%
per year from 2006 to 2025, per share 4.6%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 7.8% | 3.4% | 4.8% |
| Revenue per share | 8.6% | 3.7% | 4.1% |
| Earnings | no data | 0.0% | 2.4% |
| Earnings per share | no data | 0.2% | 1.7% |
| Free cash flow | 11.8% | 3.5% | 5.3% |
| Free cash flow per share | 12.5% | 3.8% | 4.6% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $13.11B | $1.34B | $1.08B |
| 2007 | $13.92B | $894.24M | $648.24M |
| 2008 | $15.87B | $231.59M | $443.24M |
| 2009 | $16.34B | $1.13B | $1.78B |
| 2010 | $17.88B | $1.59B | $2.16B |
| 2011 | $18.97B | $1.58B | $2.28B |
| 2012 | $20.37B | $3.27B | $1.6B |
| 2013 | $21.28B | $1.51B | $1.71B |
| 2014 | $21.34B | $1.68B | $1.73B |
| 2015 | $22.73B | $2.1B | $2.05B |
| 2016 | $23.04B | $1.71B | $2.17B |
| 2017 | $23.94B | $2.14B | $2.42B |
| 2018 | $24.92B | $2.11B | $2.77B |
| 2019 | $26.56B | $2.4B | $2.48B |
| 2020 | $21.85B | −$226.05M | $1.66B |
| 2021 | $24.53B | $3.68B | $2.86B |
| 2022 | $31.82B | $2.97B | $2.75B |
| 2023 | $33.64B | $2.55B | $1.94B |
| 2024 | $33.04B | $1.08B | $3.68B |
| 2025 | $31.86B | $2.09B | $2.89B |
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 = €0.9024)
- 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 Strong, published since 7 Nov 2026 (in the score history since 4 Nov 2026)
- 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.