Anheuser-Busch InBev SA/NV
€64.88Change from previous close: +0.50%Absolute change: +€0.32
At a glance
- Revenue growth
- −0.75%
- 2025 vs 2024
- Net income growth
- +16.77%
- 2025 vs 2024
- Net margin
- 11.5%
- 2024: 9.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 14,883 | 15,055 | 13,265 | 13,298 | 14,799 |
| Depreciation and amortization | 4,480 | 5,280 | 5,179 | 4,902 | 4,694 |
| Capital expenditure | -3,656 | -3,863 | -4,638 | -5,160 | -5,640 |
| Investing cash flow | -3,436 | -3,259 | -4,390 | -4,620 | -5,878 |
| Financing cash flow | -11,450 | -9,854 | -8,560 | -10,620 | -11,598 |
| Dividends paid | -4,543 | -2,672 | -3,013 | -2,442 | -2,364 |
| Share repurchases | -2,301 | -937 | -362 | 0.0 | — |
| Debt issued | 4,400 | 5,465 | 202 | 91.0 | — |
| Debt repaid | -7,594 | -10,082 | -3,878 | -7,875 | — |
| Effect of exchange rates | 452 | -1,082 | 109 | -211 | -526 |
| Net change in cash | 449 | 860 | 424 | -2,153 | -3,203 |
| Free cash flow | 11,227 | 11,192 | 8,627 | 8,138 | 9,159 |
| Levered free cash flow | 10,526 | 9,153 | 7,856 | 5,634 | 8,969 |