OakChart

Ambev SA ADR

ABEVConsumer Defensive·Beverages - Brewers·Brazil·Large·NYSE·Nov 13 • 4:49 AM ET

2.74+0.01 (0.37%)
2026-11-13 13:07 CET
Market cap
$42.24B
Revenue, TTM
17,062.97 USD m
Net income, TTM
3,019.22 USD m
Free cash flow, TTM
4,656.45 USD m
EPS diluted, TTM
0.19
14.15
Compare

Price

ABEV against its 20, 50 and 200-day averages
Terms2050200Earnings
Patternshover a marker to name it
RS 54Sales 4,722Price4,7225,0222.602.803.003.2054.0M107.9MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26ABEVclose 2.7420-day 2.8950-day 2.99200-day 3.022.74

20.6% under the 52-week high of 3.45 on 6 May 2026. 52-week low 2.28 on 22 Dec 2025. Last 15 sessions, 14.0% high to low

Volume 0.00× normal · the line is the 50-bar volume average

Setup. RS line 54
CANSLIM 1 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); 52-Week High/Low: 0-10% below High; Performance: Year +50%; Institutional Ownership: Over 50%
VCP 3 of 6 — fails: 200-Day Simple Moving Average: Price above SMA200; 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High
Minervini 0 of 4 — fails: 200-Day Simple Moving Average: Price above SMA200; 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 0 of 5 — fails: RSI (14): Not Oversold (>50); Performance: Week +10%; 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5; 200-Day Simple Moving Average: Price above SMA200
Leaders 1 of 5 — fails: 50-Day Simple Moving Average: Price above SMA50; 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%; 52-Week High/Low: 0-10% below High
Breakout 0 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2; 50-Day Simple Moving Average: Price above SMA50; 200-Day Simple Moving Average: Price above SMA200
Growth 1 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); EPS Growth Next Year: High (>25%)
Quality 4 of 5 — fails: Net Profit Margin: High (>20%)
Value 3 of 4 — fails: P/B: Under 2
Income 2 of 4 — fails: Dividend Growth: Growing 2+ Years; Payout Ratio: Low (<20%)
Small Cap 1 of 4 — fails: Float: Under 100M; 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%
Accumulation 1 of 4 — fails: Institutional Ownership: Over 30%; Institutional Transactions: Over +10%; 200-Day Simple Moving Average: Price above SMA200
Relative Strength 1 of 3 — fails: Performance: Year +100%; 200-Day Simple Moving Average: Price above SMA200

Profile

ABEV
52-week range, 39% of the way up
2.283.45

Ambev SA engages in the production, distribution, and sale of beverages. Its products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. It operates through the following geographical segments: Brazil, and Central America and The Caribbean (CAC), and Canada. The Brazil segment focuses on the beer sales division and the NAB sales division. The CAC segment includes its direct operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, Barbados, and Panama. The Canada segment covers includes domestic sales in Canada and some exports to the United States market. The Canada segment represents the Labatt's operations. The company was founded in 1853 and is headquartered in Sao Paulo, Brazil.

Employees39000
IPONov 11, 2013
Beta0.61
ATR, 14d0.09
Rel volume0.00
Short float0.65%
Insider own0.00%
Inst own6.92%

Snapshot

6 groups

Valuation

Index-
Market Cap$42.24B
Enterprise Value38.64B
Income3.02B
Sales17.06B
Book / share1.14
Cash / share0.27
Dividend Est.0.17 (6.20%)
Dividend TTM0.14 (4.93%)
Dividend Ex-DateSep 23, 2026
Dividend Gr. 3/5Y18.56% 23.36%
Payout112.94%
Employees39000
IPONov 11, 2013

Ratios

Price / earnings14.15
Forward price / earnings13.48
Price / earnings / growth2.05
Price / sales2.48
Price / book2.40
Price / cash9.97
Price / free cash flow9.07
Value / cash profit7.42
Value / sales2.26
Quick Ratio0.81
Current Ratio1.06
Debt / equity0.03
Long-term debt / equity0.02
Options and shortYes / Yes

Earnings

Earnings / share0.19
Earnings next year0.20
Earnings next quarter0.06
Earnings this year9.53%
Earnings next year3.19%
Earnings growth, 5 years6.57%
Past earnings growth-0.02% 4.85%
Past sales growth0.77% 6.89%
Earnings vs last year8.00%
Sales vs last year7.66%
Earnings vs last quarter-3.96%
Sales vs last quarter9.87%
EarningsOct 29 BMO
Surprise5.92% -4.81%

Ownership

Insiders own0.00%
Insider trades-
Institutions own6.92%
Institution trades-0.09%
Return on assets10.99%
Return on equity17.33%
Return on capital16.86%
Gross Margin48.35%
Operating margin23.05%
Profit Margin17.69%
20-day average-5.11%
50-day average-8.29%
200-day average-9.41%

Technical

Shares out15.42B
Shares floating15.42B
Short / float0.65%
Short ratio3.76
Short interest99.84M
52-week high3.45 -20.6%
52-week low2.28 +20.2%
Volatility1.93% 2.66%
Average range0.09
Strength index39.30
Market sensitivity0.61
Relative volume0.00
Avg Volume26.54M
Volume57

Performance

Perf Week-1.79%
Perf Month-15.95%
Perf Quarter-1.44%
Perf Half Y-10.75%
Perf YTD10.93%
Perf Year8.73%
Perf 3Y7.53%
Perf 5Y-3.31%
Perf 10Y-35.41%
Recommendation3.05
Target Price3.03
Prev Close2.73
Price2.74
Change %0.37%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 07, 2026DowngradeBofA SecuritiesNeutral → Underperform$3.30+20.4%
Jul 15, 2026DowngradeScotiabankSector Outperform → Sector Perform
Apr 16, 2026DowngradeUBSNeutral → Sell$2.65-3.3%
Nov 26, 2025DowngradeBernsteinOutperform → Mkt Perform
Aug 01, 2025DowngradeHSBC SecuritiesBuy → Hold
Apr 22, 2025DowngradeUBSBuy → Neutral
Apr 07, 2025DowngradeMorgan StanleyEqual-Weight → Underweight
Jan 17, 2025DowngradeBofA SecuritiesBuy → Neutral
Mar 04, 2024DowngradeBarclaysOverweight → Equal Weight$3.50 → $3+9.5%
Mar 01, 2024DowngradeJP MorganOverweight → Neutral

Peers

Mkt cap
TickerCompanyMkt cap
CCUCompania Cervecerias Unidas SA ADR2.00B
TAPMolson Coors Beverage Company7.35B
STZConstellation Brands Inc24.48B
FMXFomento Economico Mexicano SAB de CV ADR26.34B
KOFCoca-Cola Femsa SAB de CV ADR6.22B
DEODiageo plc ADR55.77B
SAMBoston Beer Co Inc2.23B
AKO-BEmbotelladora Andina SA ADR2.14B
PEPPepsiCo Inc194.67B
KOCoca-Cola Co420.23B

Insider trading

6 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Crippa Prado Carla Smith de VaSee RemarksSep 03 '26Sale3.0960,757187,73980,707Oct 08 05:23 PM
Moreira Ricardo Manuel FrangatDirectorJul 30 '26Sale3.08468,0401,441,5633,000,000Jul 31 04:30 PM
Ricardo Manuel Frangatos PiresDirectorJul 30 '26Proposed Sale3.13468,0401,464,965Jul 30 04:50 PM
Zagman Paulo AndreSee RemarksMay 05 '26Sale3.41136,250464,612230,535Jun 11 04:15 PM
Cavalcanti de Lacerda EduardoSee RemarksMar 27 '26Sale2.85152,386434,300223,340Apr 13 05:45 PM
Malik Parente GuilhermeSee RemarksMar 24 '26Sale2.7620,97157,88026,727Mar 26 08:52 PM

Held by

AUM
TickerCompanyAUM
ILFiShares Latin America 40 ETFAUM: 3.40B
FEOEFirst Eagle Overseas Equity ETFAUM: 2.13B
FEGEFirst Eagle Global Equity ETFAUM: 2.89B
AVEMAvantis Emerging Markets Equity ETFAUM: 27.47B
SPEMState Street SPDR Portfolio Emerging Markets ETFAUM: 16.56B
VEUVanguard FTSE All-World ex-US ETFAUM: 67.49B
BINVBrandes International ETFAUM: 576.24M
DFAEDimensional Emerging Core Equity Market ETFAUM: 9.31B
BRIEMFS Blended Research International Equity ETFAUM: 818.79M
EMEQNomura Focused Emerging Markets Equity ETFAUM: 581.90M

Quarterly earnings

2026Q3 EPS 0.052 beat 0.049, from 0.045 a year earlier. Sales 4,003 missed 4,205, from 3,872 a year earlier
EPS
0.05402024Q4 EPS 0.054 against 0.04924Q42025Q1 EPS 0.042 against 0.04125Q12025Q2 EPS 0.032 against 0.03425Q22025Q3 EPS 0.045 against 0.04025Q32025Q4 EPS 0.054 against 0.05125Q42026Q1 EPS 0.049 against 0.04426Q12026Q2 EPS 0.043 against 0.03726Q22026Q3 EPS 0.052 against 0.04926Q3
Sales, USD millions
5,23002024Q4 sales 4,677 against 4,31724Q42025Q1 sales 3,963 against 3,83325Q12025Q2 sales 3,588 against 3,81825Q22025Q3 sales 3,872 against 3,98625Q32025Q4 sales 5,230 against 4,62525Q42026Q1 sales 4,562 against 4,37926Q12026Q2 sales 3,975 against 4,05326Q22026Q3 sales 4,003 against 4,20526Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-10-29 08:300.0520.0490.0524,0034,205EPS +5.9% · sales -4.8%vs 2025Q3, year-ago quarter · EPS +16.4% · sales +3.4%6Open -1.08% vs SPY -0.46%. Close -3.96% vs SPY -0.38%
2026Q2ended 2026-06-302026-07-30 08:300.0430.0370.0433,9754,053EPS +17.3% · sales -1.9%vs 2025Q2, year-ago quarter · EPS +34.8% · sales +10.8%7 EPS · 8 salesOpen -3.87% vs SPY +0.90%. Close +0.65% vs SPY +1.68%
2026Q1ended 2026-03-312026-05-05 08:300.0490.0440.0464,5624,379EPS +10.2% · sales +4.2%vs 2025Q1, year-ago quarter · EPS +15.1% · sales +15.1%7 EPS · 8 salesOpen +11.72% vs SPY +0.52%. Close +16.21% vs SPY +0.80%
2025Q4ended 2025-12-312026-02-12 08:300.0540.0510.0525,2304,625EPS +5.9% · sales +13.1%vs 2024Q4, year-ago quarter · EPS +1.1% · sales +11.8%7 EPS · 8 salesOpen +3.28% vs SPY +0.33%. Close +4.92% vs SPY -1.54%
2025Q3ended 2025-09-302025-10-30 08:300.0450.0400.0563,8723,986EPS +12.9% · sales -2.9%vs 2024Q3, year-ago quarter · EPS +17.4% · sales +1.4%7 EPS · 8 salesOpen +4.13% vs SPY -0.51%. Close +5.50% vs SPY -1.10%
2025Q2ended 2025-06-302025-07-31 08:300.0320.0340.0313,5883,818EPS -3.9% · sales -6.0%vs 2024Q2, year-ago quarter · EPS +21.5% · sales +1.4%7Open -6.09% vs SPY +0.79%. Close -5.22% vs SPY -0.38%
2025Q1ended 2025-03-312025-05-08 08:300.0420.0410.0403,9633,833EPS +4.4% · sales +3.4%vs 2024Q1, year-ago quarter · EPS -6.4% · sales -0.7%7 EPS · 8 salesOpen +3.60% vs SPY +0.73%. Close +1.20% vs SPY +0.70%
2024Q4ended 2024-12-312025-02-26 08:300.0540.0490.0534,6774,317EPS +9.2% · sales +8.4%vs 2023Q4, year-ago quarter · EPS -8.2% · sales +16.3%8Open +4.23% vs SPY +0.28%. Close +5.29% vs SPY +0.05%
2024Q3ended 2024-09-302024-10-31 08:300.0380.0420.0403,8173,956EPS -10.0% · sales -3.5%vs 2023Q3, year-ago quarter · EPS -23.4% · sales -5.3%7Open -2.20% vs SPY -0.77%. Close -3.96% vs SPY -1.96%
2024Q2ended 2024-06-302024-08-01 08:300.0270.0300.0293,5393,544EPS -12.0% · sales -0.1%vs 2023Q2, year-ago quarter · EPS -19.2% · sales -8.5%7 EPS · 6 salesOpen +1.94% vs SPY +0.32%. Close -0.49% vs SPY -1.42%
2024Q1ended 2024-03-312024-05-08 08:300.0450.0420.0473,9893,969EPS +7.6% · sales +0.5%vs 2023Q1, year-ago quarter · EPS -1.3% · sales -2.5%5Open -4.07% vs SPY -0.36%. Close -3.66% vs SPY +0.01%
2023Q4ended 2023-12-312024-02-29 08:300.0580.0550.0564,0234,468EPS +6.8% · sales -10.0%vs 2022Q4, year-ago quarter · EPS -7.9% · sales -7.8%7 EPS · 6 salesOpen -6.70% vs SPY +0.36%. Close -7.43% vs SPY +0.36%
2023Q3ended 2023-09-302023-10-31 08:300.0500.0430.0514,0294,184EPS +16.2% · sales -3.7%vs 2022Q3, year-ago quarter · EPS +31.2% · sales +3.6%7 EPS · 6 sales-
2023Q2ended 2023-06-302023-08-03 08:300.0330.0330.0323,8694,060EPS +0.3% · sales -4.7%vs 2022Q2, year-ago quarter · EPS -9.9% · sales +12.3%9 EPS · 7 sales-
2023Q1ended 2023-03-312023-05-04 08:300.0460.0400.0454,0914,002EPS +15.1% · sales +2.2%vs 2022Q1, year-ago quarter · EPS +4.6% · sales +11.4%7-
2022Q4ended 2022-12-312023-03-02 08:300.0630.0460.0604,3624,637EPS +39.3% · sales -5.9%vs 2021Q4, year-ago quarter · EPS +35.8% · sales +1.8%8 EPS · 7 sales-

Annual earnings

2025FY EPS 0.180 missed 0.182, from 0.157 a year earlier. Sales 17,303 beat 16,522, from 15,476 a year earlier
EPS
0.20602018FY EPS 0.189 against 0.20620182019FY EPS 0.169 against 0.18120192020FY EPS 0.134 against 0.10220202021FY EPS 0.160 against 0.14620212022FY EPS 0.179 against 0.16420222023FY EPS 0.187 against 0.18720232024FY EPS 0.157 against 0.15520242025FY EPS 0.180 against 0.1822025
Sales, USD millions
17,30302018FY sales 13,394 against 13,22620182019FY sales 11,659 against 12,65020192020FY sales 10,600 against 10,77920202021FY sales 14,183 against 12,89920212022FY sales 15,321 against 15,65020222023FY sales 16,048 against 16,73020232024FY sales 15,476 against 14,96320242025FY sales 17,303 against 16,5222025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-0.287--20,2679.54
2029FYestimate-0.261--19,19810.48
2028FYestimate-0.218--18,29912.59
2027FYestimate-0.203--17,43513.48
2026FYestimate-0.197--16,66413.91
2025FY0.1800.1820.19217,30316,52213.73
2024FY0.1570.1550.16915,47614,96311.75
2023FY0.1870.1870.18316,04816,73014.67
2022FY0.1790.1640.17715,32115,65014.15
2021FY0.1600.1460.14814,18312,89916.32
2020FY0.1340.1020.13910,60010,77920.55
2019FY0.1690.1810.18811,65912,65024.32
2018FY0.1890.2060.19013,39413,22617.76
2017FY0.2270.1980.14414,71114,60123.86
2016FY0.2430.2470.22714,59814,52816.99
2015FY0.2050.2390.23411,80912,24913.39
2014FY0.3030.3020.30614,32514,8059.06
2013FY0.3180.3040.31814,74715,4938.62
2012FY0.3310.3210.32915,86315,5648.27
2011FY0.3060.3070.30014,67114,7718.97
2010FY0.2930.2690.29615,10815,0559.34

Quarterly results

2026Q3 revenue 4,204, from 3,826 a year earlier. Operating margin 22.6%, from 23.4% a year earlier
Revenue, USD millions
4,63102024Q4 revenue 4,63124Q42025Q1 revenue 3,84725Q12025Q2 revenue 3,54525Q22025Q3 revenue 3,82625Q32025Q4 revenue 4,59825Q42026Q1 revenue 4,27426Q12026Q2 revenue 3,98726Q22026Q3 revenue 4,20426Q3
Operating margin
25.802024Q4 operating margin 25.8%24Q42025Q1 operating margin 22.4%25Q12025Q2 operating margin 19.2%25Q22025Q3 operating margin 23.4%25Q32025Q4 operating margin 25.1%25Q42026Q1 operating margin 23.8%26Q12026Q2 operating margin 20.3%26Q22026Q3 operating margin 22.6%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 0.20 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYEper share2026-11-130.20+0.1%
2026FYSUSD millions2026-11-1316,664-0.3%
2026Q4Eper share2026-11-090.06-2.9%
2026Q4SUSD millions2026-11-094,722-2.3%
2026FYRper share2026-11-070.20-0.1%
2026Q4Rper share2026-11-040.06-0.5%
2026Q3Eper share2026-10-290.05+0.8%
2026Q3SUSD millions2026-10-294,169-0.8%
2026Q3Rper share2026-09-280.05-1.9%
2026Q2SUSD millions2026-07-214,053+0.1%
2026Q2Eper share2026-07-190.040.0%
2026Q2Rper share2026-07-060.04-1.0%
2026Q1Eper share2026-05-050.04+1.4%
2026Q1SUSD millions2026-05-054,345-0.8%
2026Q1Rper share2026-04-150.04-1.8%
2025FYEper share2026-02-120.18+0.5%
2025Q4Eper share2026-02-120.05-3.9%
2025FYRper share2026-02-120.19+0.2%
2025FYSUSD millions2026-02-1216,567+0.3%
2025Q4SUSD millions2026-02-124,633+0.2%
2025Q4Rper share2026-01-210.05+1.4%
2025Q3SUSD millions2025-10-173,986-0.2%
2025Q3Eper share2025-10-140.040.0%
2025Q3Rper share2025-10-070.04+1.0%
2025Q2Eper share2025-07-230.030.0%
2025Q2SUSD millions2025-07-233,818+0.0%
2025Q2Rper share2025-07-100.03-3.0%
2025Q1Eper share2025-05-080.04+0.2%
2025Q1SUSD millions2025-05-023,833+0.1%
2025Q1Rper share2025-04-210.04+0.5%
2024FYEper share2025-02-260.15-0.6%
2024Q4Eper share2025-02-260.05-3.5%
2024FYRper share2025-02-260.15-1.5%
2024FYSUSD millions2025-02-2614,982+0.1%
2024Q4SUSD millions2025-02-264,374+1.3%
2024Q4Rper share2025-02-190.050.0%
2024Q3SUSD millions2024-10-223,959-0.3%
2024Q3Eper share2024-10-150.040.0%
2024Q3Rper share2024-10-130.040.0%
2024Q2Eper share2024-08-010.03-1.7%
2024Q2SUSD millions2024-08-013,544+0.0%
2024Q2Rper share2024-07-300.03-1.7%
2024Q1Eper share2024-05-030.04-1.2%
2024Q1Rper share2024-05-030.04-4.2%
2024Q1SUSD millions2024-05-033,969-1.9%
2023FYEper share2024-02-280.190.0%
2023FYSUSD millions2024-02-2816,7300.0%
2023FYRper share2024-02-260.180.0%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share0.1440.190.1880.1390.1480.1770.1830.1690.1770.1936-
Sales USD millions15,00313,73813,18311,31813,50115,43415,96416,59315,79517,063-
Shares million shares15,71015,72115,73015,73515,73915,74215,74915,72815,617-15,416
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share0.040.0530.040.0310.0560.0520.0460.0430.053
Sales USD millions3,9854,6313,8473,5453,8264,5984,2743,9874,204
Shares million shares15,72815,72815,64715,59215,59215,61715,59715,45315,416

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue17,062.9715,794.98-4.8%16,593.12+3.9%15,963.72+3.4%15,433.94+14.3%13,501.10+19.3%11,317.79-14.2%13,183.36-4.0%13,738.39
Cost of Goods Sold Incl. D&A8,812.538,235.31-5.0%8,671.28+2.8%8,436.83+1.5%8,313.75+18.9%6,992.72+23.3%5,669.70-5.5%6,000.83+4.5%5,745.05
Gross Profit8,250.437,559.67-4.6%7,921.84+5.2%7,526.89+5.7%7,120.19+9.4%6,508.38+15.2%5,648.09-21.4%7,182.53-10.1%7,993.35
Selling, General and Administrative Excl. Other4,291.613,937.09-8.8%4,314.83+4.7%4,121.69-0.8%4,154.31+13.4%3,663.97+22.8%2,983.42-11.7%3,380.15-4.8%3,551.63
Other Operating Expense25.9239.78-26.03-28.08-181.36-212.66-1666.0%13.58+41.8%9.58-16.6%11.48
Operating Income3,932.903,582.81-1.4%3,633.04+5.8%3,433.28+9.1%3,147.24+2.9%3,057.07+15.3%2,651.09-30.1%3,792.80-14.4%4,430.25
Interest Expense282.32212.66-55.0%472.68-18.3%578.43-3.0%596.10+78.5%334.03-19.5%414.78-10.2%462.06+71.0%270.26
Unusual Expense339.14347.46+38.6%250.68-41.7%430.11-39.2%707.64+71.0%413.74-8.9%453.98-15.5%537.50-14.3%627.39
Net Income Before Taxes3,890.383,457.45-4.3%3,614.10+18.6%3,047.39+10.3%2,762.07+7.4%2,571.24-2.0%2,624.52-20.1%3,286.72-8.4%3,588.51
Income Taxes801.69614.53-28.6%860.77+5596.7%15.11-126.95-207.6%117.97-65.5%341.70+78.6%191.31-60.6%485.16
Consolidated Net Income3,116.352,861.85+3.9%2,754.05-8.0%2,995.16+3.9%2,883.39+18.6%2,431.83+6.9%2,274.44-26.4%3,089.76-0.4%3,103.63
Net Income From Continuing Operations3,019.222,775.03+3.6%2,678.05-7.8%2,903.36+3.7%2,799.48+19.2%2,348.14+6.4%2,206.09-26.1%2,986.23-0.7%3,007.15
Net Income3,019.222,775.03+3.6%2,678.05-7.8%2,903.36+3.7%2,799.48+19.2%2,348.14+6.4%2,206.09-26.1%2,986.23-0.7%3,007.15
EPS (Recurring) per share0.210.19+5.6%0.18-10.0%0.20-4.8%0.21+23.5%0.17+6.3%0.16-23.8%0.21-4.5%0.22
EPS (Basic, Before Extraordinaries) per share0.190.18+5.9%0.17-5.6%0.180.0%0.18+20.0%0.15+7.1%0.14-26.3%0.190.0%0.19
EPS (Diluted) per share0.190.18+5.9%0.17-5.6%0.180.0%0.18+20.0%0.15+7.1%0.14-26.3%0.190.0%0.19
EBITDA5,206.304,805.32-2.9%4,947.87+4.9%4,717.61+9.8%4,298.20+5.8%4,060.97+11.1%3,654.41-26.6%4,978.60-12.8%5,708.93
Non-Operating Income (Expense)578.93434.77-38.3%704.42+13.1%622.64-32.2%918.58+250.7%261.94-68.9%842.19+70.7%493.48+782.6%55.91
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense53.8250.39+4.5%48.21+20.4%40.04+0.6%39.82-16.9%47.89+67.8%28.54-22.2%36.68+24.9%29.37
Price To Earnings Ratio ratio statement ratio, not the snapshot14.0414.040.360.490.49----
Price To Sales Ratio ratio2.652.451.762.782.793.294.295.614.52
Gross Margin %48.3547.8647.7447.1546.1348.2149.9054.4858.18
Operating Margin %23.0522.6821.8921.5120.3922.6423.4228.7732.25
Net Margin %17.6917.5716.1418.1918.1417.3919.4922.6521.89
Shares Outstanding million shares15,416.4915,616.53-0.7%15,727.85-0.1%15,749.45+0.0%15,741.74+0.0%15,738.67+0.0%15,734.92+0.0%15,729.95+0.1%15,721.12
Market Capitalization42,087.0442,087.04+4158.6%988.29-32.2%1,458.620.0%1,458.62----

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue4,203.51+9.9%3,987.32+12.5%4,273.84+11.1%4,598.29-0.7%3,826.05-4.0%3,544.62-7.9%3,847.10-6.1%4,631.08+14.8%
Cost of Goods Sold Incl. D&A2,203.60+10.6%2,064.36+7.9%2,214.21+10.4%2,330.36+1.4%1,992.45-5.8%1,914.10-7.9%2,006.07-7.9%2,297.81+13.4%
Gross Profit1,999.91+9.1%1,922.96+17.9%2,059.63+11.9%2,267.94-2.8%1,833.60-1.9%1,630.52-7.8%1,841.02-4.0%2,333.27+16.2%
Selling, General and Administrative Excl. Other1,046.51+11.8%1,114.89+17.5%1,042.09+7.9%1,088.11-6.5%935.66-7.9%948.69-12.4%966.14-7.7%1,163.94+15.6%
Other Operating Expense1.34-20.7%-2.34-270.8%1.30-88.7%25.631.691.37+23.4%11.46+831.7%-23.52
Operating Income952.06+6.2%810.41+19.1%1,016.24+17.7%1,154.20-3.2%896.25+4.6%680.46-0.6%863.42-0.7%1,192.85+15.7%
Interest Expense57.51+9.0%106.78+3.0%101.71+17.5%16.31-88.2%52.77-45.2%103.62-6.0%86.56-32.4%137.94-65.3%
Unusual Expense62.83-35.0%41.76-34.8%104.84-22.2%129.72+18.8%96.60+116.2%64.03+59.6%134.70+159.4%109.19
Net Income Before Taxes1,017.21+6.2%856.51+41.7%938.28+13.0%1,078.38-8.9%957.88+14.7%604.31-9.1%829.97-8.2%1,183.41+19.8%
Income Taxes171.71+167.2%171.08+54.1%198.98+10.6%259.92-19.5%64.27-67.7%111.00-41.0%179.84+32.7%323.07+707.9%
Consolidated Net Income849.93-4.8%687.61+39.7%739.23+13.6%839.58-2.5%892.63+38.8%492.35+4.6%650.59-15.3%860.70-5.8%
Net Income From Continuing Operations826.39-5.1%670.25+39.8%716.91+13.5%805.68-3.6%870.86+39.6%479.50+4.2%631.66-15.5%835.99-5.6%
Net Income826.39-5.1%670.25+39.8%716.91+13.5%805.68-3.6%870.86+39.6%479.50+4.2%631.66-15.5%835.99-5.6%
EPS (Recurring) per share0.060.0%0.04+33.3%0.050.0%0.060.0%0.06+50.0%0.030.0%0.050.0%0.06+20.0%
EPS (Basic, Before Extraordinaries) per share0.05-16.7%0.04+33.3%0.05+25.0%0.050.0%0.06+50.0%0.030.0%0.04-20.0%0.05-16.7%
EPS (Diluted) per share0.05-16.7%0.04+33.3%0.05+25.0%0.050.0%0.06+50.0%0.030.0%0.04-20.0%0.05-16.7%
EBITDA1,281.00+5.5%1,113.40+13.5%1,321.30+14.3%1,490.60-3.4%1,213.81+3.8%980.82-3.3%1,156.40-3.5%1,542.99+15.4%
Non-Operating Income (Expense)185.49-12.1%194.64+112.7%128.59-31.5%70.21-70.5%211.01+76.9%91.51-30.0%187.81-12.8%237.68+77.0%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense14.67+21.1%12.73+2.1%11.69+4.7%14.73+22.2%12.11-1.0%12.47+24.2%11.17-12.4%12.05+56.3%
Price To Earnings Ratio ratio statement ratio, not the snapshot14.0417.0616.6914.002.720.500.470.36
Price To Sales Ratio ratio2.652.932.822.442.202.362.251.76
Gross Margin %47.5848.2348.1949.3247.9246.0047.8550.38
Operating Margin %22.6520.3223.7825.1023.4319.2022.4425.76
Net Margin %19.6616.8116.7717.5222.7613.5316.4218.05
Shares Outstanding million shares15,416.49-1.1%15,452.80-0.9%15,596.69-0.3%15,616.53-0.7%15,592.43-0.9%15,592.21-0.9%15,647.17-0.6%15,727.85-0.1%
Market Capitalization42,087.04+505.2%48,973.64+3723.6%46,516.33+3637.2%39,286.99+3875.2%6,954.12+447.7%1,280.81+19.9%1,244.69-3.7%988.29-32.2%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments3,708.18-23.2%4,829.78+43.6%3,363.01+15.4%2,913.19-12.5%3,328.96-8.0%3,617.57+22.1%2,962.00+0.0%2,961.20-8.3%3,230.67
Short Term Receivables1,866.54+15.6%1,615.32-15.0%1,900.39+21.7%1,561.17+16.4%1,340.87-8.3%1,461.61-31.4%2,130.33+17.5%1,813.53-27.7%2,508.24
Inventories1,919.81+1.5%1,892.21-4.4%1,980.20-19.1%2,447.66+23.9%1,974.93+34.9%1,464.31-1.5%1,486.21+6.6%1,393.74+7.0%1,302.03
Other Current Assets512.33+19.5%428.81+51.3%283.38+17.8%240.57-17.1%290.10+11.3%260.76-9.4%287.78-21.6%366.93-10.7%410.77
Total Current Assets8,006.86-8.7%8,766.12+16.5%7,526.98+5.1%7,162.60+3.3%6,934.85+1.9%6,804.25-0.9%6,866.32+5.1%6,535.41-12.3%7,451.71
Net Property, Plant & Equipment5,044.81+3.3%4,883.61-10.9%5,482.16-3.7%5,692.64+8.5%5,246.73+10.0%4,768.46-15.0%5,612.23+0.5%5,582.92-1.6%5,674.33
Total Investments and Advances211.03+16.4%181.29-19.3%224.61-8.5%245.56+15.7%212.26-14.1%247.18-14.4%288.73+10.3%261.65-8.3%285.22
Long-Term Note Receivable19.46-1.8%19.82-79.0%94.16-10.1%104.74-0.2%104.92+3.4%101.47+29.3%78.47-13.9%91.12-65.7%265.82
Intangible Assets9,595.53+4.2%9,206.02-6.9%9,890.76+4.8%9,435.35+2.8%9,174.20+0.1%9,164.84-10.8%10,270.78-0.8%10,350.71-4.8%10,875.94
Deferred Tax Assets2,085.85+6.4%1,960.90-9.0%2,154.19+20.8%1,783.23+12.3%1,587.98-0.5%1,595.31+20.8%1,320.97+24.2%1,063.89+10.0%967.28
Other Assets2,065.56+12.2%1,841.17-24.8%2,447.19+7.8%2,269.25-3.9%2,362.01+10.4%2,138.89+48.3%1,442.31+7.5%1,341.16+42.2%942.93
Total Assets27,029.10+0.6%26,858.93-3.5%27,820.06+4.2%26,693.36+4.2%25,622.94+3.2%24,820.40-4.1%25,879.81+2.6%25,226.87-4.7%26,463.24
Short Term Debt Incl. Current Port. of LT Debt213.03+3.1%206.61-22.7%267.23+43.6%186.10+22.4%152.09-71.2%527.28+224.7%162.37-67.6%500.86+25.8%398.28
Accounts Payable4,123.56+6.0%3,891.80-11.2%4,380.48-1.6%4,450.61+3.9%4,285.04+22.4%3,500.47-0.7%3,524.71+6.9%3,295.92+4.9%3,140.82
Income Tax Payable262.30-16.5%314.27+13.9%275.96+30.2%211.87-20.9%267.69+14.9%232.95-34.7%356.95-14.5%417.44-17.0%502.97
Other Current Liabilities3,722.54+3.9%3,581.81+1.8%3,517.72+24.3%2,829.92+24.5%2,272.99+4.0%2,184.57+0.5%2,173.44-5.1%2,290.06-50.3%4,606.59
Total Current Liabilities8,321.42+4.1%7,994.48-5.3%8,441.39+9.9%7,678.50+10.0%6,977.81+8.3%6,445.26+3.7%6,217.47-4.4%6,504.28-24.8%8,648.66
Long Term Debt405.05+15.0%352.28-22.3%453.51-14.1%528.08+30.5%404.56+2.3%395.34-34.0%599.01+7.4%557.94+50.2%371.39
Provision for Risks Charges527.46+12.1%470.66-11.1%529.36-3.6%549.29-19.4%681.82-11.3%768.38+0.5%764.52+7.0%714.67-16.0%851.12
Deferred Tax Liabilities1,266.08-7.2%1,364.59+14.0%1,196.69-5.7%1,269.36-3.6%1,316.21+1.0%1,303.16+10.7%1,177.03+1.8%1,156.73+17.8%982.32
Other Liabilities308.56-44.7%557.97-20.3%700.47-20.9%885.61-23.6%1,158.59-19.5%1,439.98-8.3%1,571.01+6.9%1,469.07+28.4%1,144.44
Total Liabilities10,828.58+0.8%10,739.97-5.1%11,321.42+3.8%10,910.83+3.5%10,538.99+1.8%10,352.12+0.2%10,329.06-0.7%10,402.69-13.3%11,997.94
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity16,043.44+0.5%15,967.07-1.8%16,256.85+4.7%15,522.64+4.6%14,837.17+4.4%14,211.16-6.7%15,233.06+5.0%14,512.81+4.6%13,870.19
Total Shareholders Equity16,043.44+0.5%15,967.07-1.8%16,256.85+4.7%15,522.64+4.6%14,837.17+4.4%14,211.16-6.7%15,233.06+5.0%14,512.81+4.6%13,870.19
Accumulated Minority Interest157.08+3.4%151.89-37.2%241.79-7.0%259.90+5.3%246.78-4.0%257.11-19.1%317.69+2.0%311.37-47.7%595.11
Total Equity16,200.52+0.5%16,118.96-2.3%16,498.64+4.5%15,782.53+4.6%15,083.95+4.3%14,468.28-7.0%15,550.75+4.9%14,824.18+2.5%14,465.30
Total Liabilities & Stockholders Equity27,029.10+0.6%26,858.93-3.5%27,820.06+4.2%26,693.36+4.2%25,622.94+3.2%24,820.40-4.1%25,879.81+2.6%25,226.87-4.7%26,463.24
Book Value Per Share per share1.03+1.0%1.02-1.0%1.03+4.0%0.99+5.3%0.94+4.4%0.90-7.2%0.97+5.4%0.92+4.5%0.88
Tangible Book Value Per Share per share0.41-4.7%0.43+7.5%0.40+2.6%0.39+8.3%0.36+12.5%0.320.0%0.32+23.1%0.26+36.8%0.19
Full-Time Employees people39,000-9.3%43,0000.0%43,000-17.3%52,000-1.9%53,000+6.0%50,0000.0%50,0000.0%50,000-2.8%51,432
Price to Book Ratio ratio2.400.050.080.08-----
Return on Assets %10.309.8010.6510.709.318.7011.6911.648.74
Return on Equity %17.3416.6218.2718.4416.1714.9820.0821.1916.62
Return on Invested Capital %16.8716.4117.3717.4415.4115.1018.8619.9516.13
Quick Ratio ratio0.730.860.660.610.710.830.870.790.71
Current Ratio ratio0.961.100.890.930.991.061.101.000.86

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income3,124.852,861.85+3.9%2,754.05-8.0%2,995.16+3.9%2,883.39+18.6%2,431.83+6.9%2,274.44-26.4%3,089.76-0.4%3,103.63
Depreciation1,277.871,222.91-7.5%1,321.93+2.9%1,284.90+11.4%1,153.30+15.3%1,000.09-0.2%1,001.78-15.5%1,185.18-2.6%1,216.66
Other Funds (Non Cash)1,012.50683.19-11.9%775.59-31.2%1,127.49+20.0%939.67+151.7%373.28+457.6%66.94-87.2%523.51-37.4%835.85
Funds from Operations5,353.984,665.74-4.2%4,871.86-2.7%5,006.66+10.9%4,516.60+22.5%3,688.07+5.9%3,481.51-26.0%4,706.32-8.4%5,139.84
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital85.35-289.26-30.59-59.30-519.68-193.5%555.85+219.4%174.01-46.65-122.14
Cash from Operating Activities5,439.334,376.48-9.6%4,841.27-2.1%4,947.35+23.8%3,996.92-5.8%4,243.92+16.1%3,655.52-21.5%4,659.67-7.1%5,017.70
Capital Expenditures-782.88-821.67-882.16-1,202.05-1,264.99-1,422.69-909.76-1,285.10-976.67
Net Assets From Acquisitions-385.93-16.41-316.59-9.32-0.58-24.79-83.66-31.76-873.56
Sale of Fixed Assets and Businesses-1.7129.94-5.4%31.64+2.5%30.86+19.0%25.93-53.7%56.02+165.9%21.07-79.0%100.44+258.7%28.00
Purchase or Sale of Investments-244.70-79.02-164.84-732.8%26.05-90.3%267.78-44.71-345.74-17.79-6.74
Purchase of Investments-244.70-79.02-164.84-1.26-5.81-44.71-345.74-17.79-6.74
Sale Or Maturity of Investments0.000.000.00-100.0%27.31-90.0%273.590.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.00-13.43
Other Sources-0.091.100.00-100.0%0.08-97.2%2.90+4.3%2.780.00-100.0%0.730.00
Cash from Investing Activities-1,415.53-886.06-1,331.95-1,154.38-968.96-1,433.40-1,318.09-1,233.48-1,842.40
Cash Dividends Paid-2,265.14-3,662.87-752.44-2,386.83-2,370.47-2,059.84-1,328.04-1,995.39-2,410.69
Change in Capital Stock-662.99-344.68-83.75-20.91-5.87-6.50-1.43-4.87-232.3%3.68
Repurchase of Common Pref Stock-669.94-344.68-86.99-23.82-10.47-8.18-1.43-8.120.00
Sale of Common Pref Stock6.940.00-100.0%3.24+11.3%2.91-36.7%4.60+172.2%1.690.00-100.0%3.25-11.7%3.68
Proceedsfrom Stock Options6.940.00-100.0%3.24+11.3%2.91-36.7%4.60+172.2%1.690.00-100.0%3.25-11.7%3.68
Issuance or Reduction of Debt, Net--578.16-518.74-582.34-621.64-396.34-218.5%334.42-356.58-53.07
Net Financing Active Other Cash Flow0.000.000.000.000.00-387.23-576.07-613.95-315.40
Other Financing Activities Uses0.000.000.000.000.00-387.23-576.07-613.95-315.40
Cash from Financing Activities-3,659.12-4,791.97-1,601.76-3,226.34-3,163.48-2,972.81-1,667.77-3,106.98-2,897.99
Exchange Rate Effect-219.09-480.78-215.0%417.94-325.00-202.38-385.4%70.90-78.9%336.45-208.39-886.7%26.49
Net Change in Cash145.59-1,782.33-176.6%2,325.50+862.4%241.63-337.90-91.39-109.1%1,006.11+807.9%110.82-63.5%303.80
Free Cash Flow4,656.453,554.81-10.2%3,960.33+5.7%3,745.30+37.1%2,731.93-3.2%2,821.23+2.7%2,745.76-18.6%3,374.57-16.5%4,041.03
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio18.90-9.1232.65119.2658.3234.2553.6238.12
Deferred Taxes & Investment Tax Credit--102.21-603.5%20.30-400.89-459.76-117.13-184.7%138.35-92.12-16.30

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments4,236.13+13.7%3,544.55+10.4%3,761.16+6.1%3,708.18-23.2%3,725.61-3.1%3,210.89+16.3%3,546.01+27.5%4,829.78+43.6%
Short Term Receivables1,622.83-7.7%1,593.27-1.4%1,690.61+8.8%1,866.54+15.6%1,758.38+10.8%1,616.64-1.8%1,553.55-8.4%1,615.32-15.0%
Inventories1,929.73-1.9%2,012.40-3.2%1,991.37-6.9%1,919.81+1.5%1,966.34-3.5%2,079.87+1.1%2,138.38+0.1%1,892.21-4.4%
Other Current Assets553.04+30.1%669.53+18.2%759.41+107.7%512.33+19.5%424.95+15.7%566.59+31.0%365.70+16.6%428.81+51.3%
Total Current Assets8,341.73+5.9%7,819.75+4.6%8,202.56+7.9%8,006.86-8.7%7,875.27+0.5%7,474.00+8.3%7,603.64+9.8%8,766.12+16.5%
Net Property, Plant & Equipment4,890.60-1.3%4,954.49-1.6%5,053.24+1.6%5,044.81+3.3%4,957.02-6.2%5,034.74-3.6%4,973.65-9.9%4,883.61-10.9%
Total Investments and Advances243.51+32.9%224.31+16.6%224.36+131.2%211.03+16.4%183.16-14.9%192.36-6.8%97.04-56.3%181.29-19.3%
Intangible Assets9,761.39+1.3%9,786.50+0.7%9,933.06+4.8%9,595.53+4.2%9,634.29-1.8%9,717.80+0.5%9,474.71-5.3%9,206.02-6.9%
Deferred Tax Assets2,214.19-3.5%2,179.12-2.0%2,149.18+49.3%2,085.85+6.4%2,294.64+3.5%2,224.49+5.3%1,439.40-34.4%1,960.90-9.0%
Other Assets2,459.72+20.3%2,294.35+15.9%2,321.81+9.1%2,065.56+12.2%2,044.91-7.0%1,979.80-10.4%2,128.73-11.3%1,841.17-24.8%
Total Assets27,930.14+3.4%27,258.52+2.3%27,884.22+8.4%27,029.10+0.6%27,008.49-2.1%26,643.51+1.1%25,717.18-5.8%26,858.93-3.5%
Short Term Debt Incl. Current Port. of LT Debt192.74-2.2%207.42+2.9%211.47+8.1%213.03+3.1%197.00-11.4%201.65-10.0%195.65-40.5%206.61-22.7%
Accounts Payable3,841.15+11.6%4,004.13+15.1%4,252.57+7.8%4,123.56+6.0%3,442.51-1.7%3,478.90+2.2%3,944.22-1.3%3,891.80-11.2%
Income Tax Payable208.04-20.7%225.32-25.9%304.56-2.0%262.30-16.5%262.34-10.9%304.04+11.5%310.63+18.6%314.27+13.9%
Other Current Liabilities3,630.38+22.4%3,218.13+16.1%3,210.08+32.7%3,722.54+3.9%2,966.38+17.2%2,771.23+18.9%2,418.55+1.2%3,581.81+1.8%
Total Current Liabilities7,872.32+14.6%7,655.00+13.3%7,978.68+16.2%8,321.42+4.1%6,868.23+4.8%6,755.82+8.4%6,869.05-1.5%7,994.48-5.3%
Long Term Debt332.03-4.2%362.32-3.9%383.27+4.7%405.05+15.0%346.51-13.0%376.92-5.3%366.22-15.5%352.28-22.3%
Provision for Risks Charges477.16-5.6%475.57+4.0%510.34+13.2%527.46+12.1%505.29-1.4%457.09-8.4%450.87-9.9%470.66-11.1%
Deferred Tax Liabilities1,296.22-2.7%1,301.46-5.0%1,324.49+68.6%1,266.08-7.2%1,332.61-3.2%1,370.19+2.5%785.68-39.4%1,364.59+14.0%
Other Liabilities276.15-49.2%289.89-52.1%294.78-48.8%308.56-44.7%543.86-7.5%605.17+3.5%576.07-8.0%557.97-20.3%
Total Liabilities10,253.88+6.9%10,084.25+5.4%10,491.55+16.0%10,828.58+0.8%9,596.50+1.8%9,565.19+5.7%9,047.88-8.0%10,739.97-5.1%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity17,570.67+1.7%17,062.22+0.7%17,259.03+4.6%16,043.44+0.5%17,280.36-4.1%16,942.87-1.2%16,503.85-4.6%15,967.07-1.8%
Total Shareholders Equity17,570.67+1.7%17,062.22+0.7%17,259.03+4.6%16,043.44+0.5%17,280.36-4.1%16,942.87-1.2%16,503.85-4.6%15,967.07-1.8%
Accumulated Minority Interest105.59-19.8%112.05-17.3%133.64-19.2%157.08+3.4%131.63-3.6%135.46-2.6%165.44+5.8%151.89-37.2%
Total Equity17,676.26+1.5%17,174.27+0.6%17,392.67+4.3%16,200.52+0.5%17,411.99-4.1%17,078.33-1.2%16,669.30-4.5%16,118.96-2.3%
Total Liabilities & Stockholders Equity27,930.14+3.4%27,258.52+2.3%27,884.22+8.4%27,029.10+0.6%27,008.49-2.1%26,643.51+1.1%25,717.18-5.8%26,858.93-3.5%
Book Value Per Share per share1.14+2.7%1.10+0.9%1.11+5.7%1.03+1.0%1.11-3.5%1.090.0%1.05-4.5%1.02-1.0%
Tangible Book Value Per Share per share0.51+4.1%0.47+2.2%0.47+4.4%0.41-4.7%0.49-5.8%0.46-4.2%0.45-2.2%0.43+7.5%
Full-Time Employees people---39,000-9.3%---43,0000.0%
Price to Book Ratio ratio2.402.842.902.270.410.080.080.05
Return on Assets %10.9911.3710.7210.3510.329.719.639.76
Return on Equity %17.3318.0217.0217.4215.9715.0815.1016.55
Return on Invested Capital %4.623.854.064.904.942.773.745.12
Quick Ratio ratio0.810.760.780.730.860.800.800.86
Current Ratio ratio1.061.021.030.961.151.111.111.10

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Net Income847.11-5.3%699.95+40.8%739.23+14.3%838.56-8.8%894.51+39.5%497.30+2.2%646.59-16.2%919.57+1.6%
Depreciation327.68+9.3%307.86+2.2%305.06+4.8%337.26-8.9%299.69-2.9%301.25-12.2%291.18-12.0%370.28+22.2%
Other Funds (Non Cash)161.88-2.7%179.05+25.5%299.15+5576.5%372.42+56.9%166.38-54.8%142.72-47.7%5.27237.34-38.5%
Funds from Operations1,282.52+10.5%1,142.26+21.4%1,283.34+36.1%1,645.86-1.5%1,160.22-9.9%941.27-12.6%943.04-0.8%1,670.94-5.9%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital209.95+123.4%-204.31-681.98761.69-17.9%94.00-62.2%-408.06-738.42928.06-8.2%
Cash from Operating Activities1,492.47+19.0%937.95+75.9%601.35+193.9%2,407.55-7.4%1,254.22-18.4%533.21-20.9%204.62+40.5%2,599.00-6.7%
Capital Expenditures-220.28-174.51-88.82-299.41-194.22-191.63-140.75-277.12
Net Assets From Acquisitions12.27+76.0%2.04-383.75-16.49-325.9%6.97-51.0%-0.13-106.2%-6.857.30
Sale of Fixed Assets and Businesses7.48-82.6%8.87+44.9%6.41+17.4%-24.46-352.9%42.99+1058.8%6.12-47.5%5.46-25.6%9.67-31.2%
Purchase or Sale of Investments-203.88-15.49-196.8%6.27-27.9%-31.61-3651.7%-72.53-647.8%16.008.700.89
Purchase of Investments-203.88-9.220.00-31.61-3651.7%-47.83-461.3%0.000.000.89
Sale Or Maturity of Investments0.00-6.27-139.2%6.27-27.9%0.00-24.7016.008.700.00
Other Uses0.000.000.000.000.000.000.000.00
Other Sources0.00-100.0%0.00-100.0%0.00-100.0%-0.090.890.200.100.00-100.0%
Cash from Investing Activities-404.40-179.17-459.89-372.07-215.89-169.48-133.31-259.26
Cash Dividends Paid-267.84-231.31-0.29-1,765.70-408.95-383.96-1,123.61-733.84
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-118.57-448.48-75.83-20.11-12.55-620.7%-138.32-175.52-17.77
Repurchase of Common Pref Stock-125.51-445.65-78.66-20.11-8.80-446.5%-138.04-179.55-17.71
Sale of Common Pref Stock6.94-2.832.83-29.8%0.00-3.75-0.284.03+13.5%-0.06
Proceedsfrom Stock Options6.94-2.832.83-29.8%0.00-3.75-0.284.03+13.5%-0.06
Issuance or Reduction of Debt, Net-145.76-142.88-101.94-122.38-165.57-143.61-149.66-175.45-2943.6%
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.000.000.00
Cash from Financing Activities-584.94-880.20-229.16-1,964.82-634.71-717.62-1,500.13-987.34
Exchange Rate Effect0.54-152.06-35.28-32.30-110.5%-119.17-150.01-202.4%-181.85-701.6%307.38
Net Change in Cash503.67+77.1%-273.47-122.9738.36-97.7%284.45-74.2%-503.89-287.4%-1,610.671,659.79
Free Cash Flow1,272.33+20.0%763.44+123.5%512.54+702.5%2,108.14-9.2%1,060.00-19.9%341.58-27.2%63.872,321.89-0.4%
Price to Free Cash Flow ratio18.9024.0131.28-30.7221.1016.048.90

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Product
Name20242025vs 20242025 share
Beverages16,612.6815,792.07-4.9%100.0%
Total16,612.6815,792.07-4.9%100.0%
Region
Name20242025vs 20242025 share
Brazil9,026.738,774.66-2.8%55.6%
Canada1,856.011,836.06-1.1%11.6%
Central America2,047.261,962.12-4.2%12.4%
South Latin America3,682.673,219.23-12.6%20.4%
Total16,612.6815,792.07-4.9%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.66%99.8M15173.6M28.42M
2026-10-150.55%83.9M15173.6M27.22M
2026-09-300.63%94.9M15173.6M26.90M
2026-09-150.94%141.9M15173.6M28.60M
2026-08-310.87%132.6M15173.6M28.54M
2026-08-140.86%130.4M15173.6M27.63M
2026-07-310.86%133.2M15452.6M27.59M
2026-07-150.89%139.4M15596.5M27.32M
2026-06-300.80%125.2M15596.5M28.07M
2026-06-150.88%137.8M15596.5M27.66M
2026-05-290.86%133.8M15596.5M27.22M
2026-05-150.91%142.6M15596.7M25.48M
2026-04-301.07%166.5M15596.7M24.69M
2026-04-151.03%160.9M15618.6M25.40M
2026-03-310.98%152.7M15618.6M24.46M
2026-03-131.04%161.7M15616.5M25.43M
2026-02-271.02%160.0M15616.5M26.89M
2026-02-131.01%158.1M15616.5M29.68M
2026-01-300.99%155.0M15592.4M29.69M
2026-01-150.99%154.2M15592.4M35.37M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.500.000.350.291.47533.000.000.753-0.0070.001
call5.000.000.050.052.76422.000.000.108-0.0130.001
call7.500.000.350.014.0411.000.000.083-0.0160.001
put2.500.000.100.050.88222.000.00-0.238-0.0070.001
put5.001.952.602.205.1790.000.00-0.891-0.0130.001
put7.504.105.304.248.0820.000.00-0.915-0.0160.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-11-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-09-03SEC
2026-09-113Initial statement of beneficial ownership of securities2026-09-01SEC
2026-09-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-09-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-07-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-07-314Statement of changes in beneficial ownership of securities2026-07-30SEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-30144Filing for proposed sale of securities under Rule 144.SEC
2026-07-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-0900187.74K1
2026-080000
2026-07001.44M1
2026-060000
2026-0500464.61K1
2026-040000
2026-0300492.18K2
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
First Eagle Investment Management, LLC2.30%
GQG Partners LLC1.19%
BlackRock, Inc.0.21%
GOLDMAN SACHS GROUP INC0.19%
LOOMIS SAYLES & CO L P0.16%
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.0.15%
BRANDES INVESTMENT PARTNERS, LP0.13%
EXCHANGE TRADED CONCEPTS, LLC0.12%
RENAISSANCE TECHNOLOGIES LLC0.09%
BANK OF AMERICA CORP /DE/0.08%

Funds

Fund% owned
First Eagle Global Fund1.07%
GQG Partners Emerging Markets Equity Fund0.67%
First Eagle Overseas Fund0.46%
iShares Latin America 40 ETF0.16%
Seafarer Overseas Growth and Income Fund0.15%
JNL/Loomis Sayles Global Growth Fund0.08%
First Eagle Overseas Equity ETF0.06%
First Eagle Global Balanced Fund0.06%
First Eagle Global Equity ETF0.05%
Avantis Emerging Markets Equity ETF0.04%

OakChart. ABEV. Cached 15 minutes. Terms