BG vs BUD
Bunge Global SA and Anheuser-Busch InBev SA/NV, side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BG | BUD |
|---|---|---|
| Revenue | $70.3B | $59.3B |
| Net income | $816.0M | $6.8B |
| Gross margin | 4.8% | 55.9% |
| Net margin | 1.2% | 14.3% |
| Return on equity | 6.3% | 8.3% |
| Diluted EPS | $4.91 | $3.39 |
| Dividend / share | $2.80 | · |
| Payout ratio | 56.2% | 66.4% |
| Free cash flow | $-879.0M | $11.2B |
| Equity | $15.9B | $87.3B |
| Net debt / equity | 0.57× | 0.70× |
| Current ratio | 1.61× | 0.72× |
| Revenue CAGR 5y | · | 4.8% |
| Profit CAGR 5y | · | 37.2% |
BG bills 1.2× the revenue of BUD, and BUD keeps more of each dollar of revenue as profit (14.3% against 1.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | BG | BUD |
|---|---|---|
| FY2025 | $70.3B | $59.3B |
| FY2024 | $53.1B | $59.8B |
| FY2023 | $59.5B | $59.4B |
| FY2022 | $67.2B | $57.8B |
| FY2021 | $59.2B | $54.3B |
Bottom line
| Fiscal year | BG | BUD |
|---|---|---|
| FY2025 | $816.0M | $6.8B |
| FY2024 | $1.1B | $5.9B |
| FY2023 | $2.2B | $5.3B |
| FY2022 | $1.6B | $6.0B |
| FY2021 | $2.1B | $4.7B |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$11,009,000,000 | BG |
| FY2024 | −$6,660,000,000 | BUD |
| FY2023 | +$160,000,000 | BG |
| FY2022 | +$9,446,000,000 | BG |
| FY2021 | +$4,848,000,000 | BG |
The higher-revenue side has changed between BG and BUD over this period. The gap has widened since the earliest year compared.
5 of 11 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −13.1 pp | BUD |
| FY2024 | −10.2 pp | BUD |
| FY2023 | −7.7 pp | BUD |
| FY2022 | −10.7 pp | BUD |
| FY2021 | −7.6 pp | BUD |
BUD has kept the higher net margin in every one of these 5 fiscal years.
5 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BUD's net margin has been more volatile than BG's over the 5 comparable fiscal years — 1.1 percentage points of standard deviation against 1.0.
5 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BUD led in net margin in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BG's return on equity has been more volatile than BUD's over the 5 comparable fiscal years — 7.4 percentage points of standard deviation against 0.7.
5 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BG and BUD over these 5 fiscal years — BG led in 4 and BUD in 1.
5 of 10 comparable fiscal years — a year missing data on either side is not counted.