Anheuser-Busch InBev Sa/nv BUD
What this company does
Written from the business description in Anheuser-Busch InBev SA/NV's annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.
Revenue compounded at +4.8% a year over five years — but profit grew faster: net income at +37.2%, earnings per share at +37.5%.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Each USD of equity produced 8 cents of profit this year.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 59.3 | 59.8 | 59.4 | 57.8 | 54.3 | 46.9 | 52.3 | 53.0 | 54.9 | 45.5 | 43.1 |
| Operating income $B | 15.4 | 15.5 | 14.0 | 14.5 | 13.8 | 9.6 | 16.1 | 16.4 | 16.5 | 12.9 | 13.9 |
| EBITDA $B | · | · | · | · | · | · | · | · | · | · | · |
| Income tax $B | 2.9 | 3.2 | 2.2 | 1.9 | 2.4 | 1.9 | 2.8 | 2.6 | 1.7 | 1.6 | 2.6 |
| Net income $B | 6.8 | 5.9 | 5.3 | 6.0 | 4.7 | 1.4 | 9.2 | 4.4 | 8.0 | 1.2 | 8.3 |
| Free cash flow $B | 11.2 | 11.2 | 8.6 | 8.1 | 9.2 | 7.1 | 8.9 | 10.1 | 10.2 | 5.1 | 9.4 |
| EPS, diluted $ | 3.39 | 2.86 | 2.60 | 2.91 | 2.28 | 0.69 | 4.53 | 2.17 | 3.98 | 0.71 | 4.96 |
| Dividend / sh $ | · | · | · | · | · | · | · | · | · | · | · |
| Payout % | 66 | 46 | 56 | 41 | 51 | 128 | 55 | 178 | 116 | 681 | 96 |
| ROE % | 8.3 | 7.3 | 6.9 | 8.4 | 6.8 | 2.0 | 13.1 | 6.4 | 11.1 | 1.7 | · |
| Shares out B | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | · |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
This company against its peers
Reconciled in 10 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 53 checks could not be computed.