Anheuser-Busch InBev SA/NV
$73.43Change from previous close: +0.56%Absolute change: +$0.41
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 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 14,883 | 15,055 | 13,265 | 13,298 | 14,799 | 10,891 | 14,036 | 14,936 | 15,430 | 10,110 |
| Depreciation and amortization | 4,480 | 5,280 | 5,179 | 4,902 | 4,694 | 4,829 | 4,570 | 4,533 | 4,185 | 3,477 |
| Capital expenditure | -3,656 | -3,863 | -4,638 | -5,160 | -5,640 | -3,781 | -5,174 | -5,005 | -4,741 | -4,979 |
| Investing cash flow | -3,436 | -3,259 | -4,390 | -4,620 | -5,878 | 6,336 | -4,931 | -3,857 | 7,854 | -60,077 |
| Financing cash flow | -11,450 | -9,854 | -8,560 | -10,620 | -11,598 | -8,475 | -8,755 | -14,327 | -21,004 | 50,731 |
| Dividends paid | -4,543 | -2,672 | -3,013 | -2,442 | -2,364 | -1,800 | -5,015 | -7,761 | -9,275 | -8,450 |
| Share repurchases | -2,301 | -937 | -362 | 0.0 | — | — | — | — | — | — |
| Debt issued | 4,400 | 5,465 | 202 | 91.0 | 454 | 14,822 | 22,584 | 17,782 | 13,352 | 86,292 |
| Debt repaid | -7,594 | -10,082 | -3,878 | -7,875 | -9,496 | -23,577 | -31,033 | -22,912 | -23,333 | -23,617 |
| Effect of exchange rates | 452 | -1,082 | 109 | -211 | -526 | -674 | -141 | -148 | -319 | 721 |
| Net change in cash | 449 | 860 | 424 | -2,153 | -3,203 | 8,078 | 209 | -3,396 | 1,961 | 1,485 |
| 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 | 16,472 | -4,032 | 11,116 | 20,894 | -4,718 |