ABEV: Ambev Sa Financial Statements

Balance sheet, income statement, and cash flow statements for Ambev Sa (ABEV).

OverviewDividends

$29.14B Market Cap.

As of 03/12/2025 5:00 PM ET (MRY) • Disclaimer

ABEV Market Cap. (MRY)


ABEV Shares Outstanding (MRY)


ABEV Assets (MRY)


Total Assets

$162.51B

Total Liabilities

$62.93B

Total Investments

$1.82B

ABEV Income (MRY)


Revenue

$89.45B

Net Income

$14.44B

Operating Expense

$23.94B

ABEV Cash Flow (MRY)


CF Operations

$26.10B

CF Investing

-$5.46B

CF Financing

-$10.35B

ABEV Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$162,508,300,000 (22.51%)

$132,644,300,000 (-3.85%)

$137,958,000,000 (-0.46%)

$138,602,500,000 (10.71%)

Assets Current

$54,156,000,000 (48.12%)

$36,563,100,000 (-3.31%)

$37,816,700,000 (-2.10%)

$38,627,000,000 (9.29%)

Assets Non-Current

$108,352,300,000 (12.77%)

$96,081,200,000 (-4.05%)

$100,141,300,000 (0.17%)

$99,975,500,000 (11.26%)

Goodwill & Intangible Assets

$56,873,400,000 (18.37%)

$48,045,300,000 (-3.55%)

$49,816,200,000 (-2.51%)

$51,100,300,000 (7.34%)

Shareholders Equity

$98,642,100,000 (24.91%)

$78,969,300,000 (-3.64%)

$81,955,600,000 (-0.83%)

$82,643,000,000 (11.96%)

Property Plant & Equipment Net

$30,170,200,000 (13.29%)

$26,630,200,000 (-11.40%)

$30,055,700,000 (2.84%)

$29,224,300,000 (17.99%)

Cash & Equivalents

$28,595,700,000 (78.07%)

$16,059,000,000 (7.59%)

$14,926,400,000 (-10.23%)

$16,627,700,000 (-2.71%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$1,821,900,000 (125.34%)

$808,500,000 (-19.59%)

$1,005,500,000 (-58.32%)

$2,412,700,000 (7.17%)

Investments Current

$1,242,000,000 (348.05%)

$277,200,000 (-39.01%)

$454,500,000 (-76.26%)

$1,914,600,000 (12.62%)

Investments Non-Current

$579,900,000 (9.15%)

$531,300,000 (-3.58%)

$551,000,000 (10.62%)

$498,100,000 (-9.65%)

Inventory

$11,689,800,000 (21.53%)

$9,619,000,000 (-25.57%)

$12,923,000,000 (17.48%)

$11,000,300,000 (44.63%)

Trade & Non-Trade Receivables

$6,269,900,000 (9.20%)

$5,741,500,000 (7.34%)

$5,349,100,000 (11.63%)

$4,791,600,000 (11.35%)

Trade & Non-Trade Payables

$25,551,200,000 (8.72%)

$23,502,400,000 (-10.65%)

$26,302,700,000 (-3.01%)

$27,120,000,000 (20.80%)

Accumulated Retained Earnings (Deficit)

$40,416,100,000 (94.39%)

$20,791,400,000 (-12.73%)

$23,825,100,000 (-3.15%)

$24,600,500,000 (54.56%)

Tax Assets

$22,778,000,000 (0.21%)

$22,730,400,000 (10.30%)

$20,608,600,000 (4.76%)

$19,672,600,000 (9.06%)

Tax Liabilities

$14,567,400,000 (12.96%)

$12,895,900,000 (-0.24%)

$12,926,900,000 (10.66%)

$11,682,000,000 (2.86%)

Total Debt

$3,452,700,000 (-1.38%)

$3,501,100,000 (-8.94%)

$3,845,000,000 (22.80%)

$3,131,100,000 (-34.66%)

Debt Current

$1,276,400,000 (-1.67%)

$1,298,100,000 (22.82%)

$1,056,900,000 (20.43%)

$877,600,000 (-67.96%)

Debt Non-Current

$2,176,300,000 (-1.21%)

$2,203,000,000 (-20.99%)

$2,788,100,000 (23.72%)

$2,253,500,000 (9.74%)

Total Liabilities

$62,927,800,000 (19.86%)

$52,500,500,000 (-3.90%)

$54,630,200,000 (0.08%)

$54,584,900,000 (9.07%)

Liabilities Current

$49,389,200,000 (20.45%)

$41,005,100,000 (1.15%)

$40,540,400,000 (4.31%)

$38,866,200,000 (16.10%)

Liabilities Non-Current

$13,538,600,000 (17.77%)

$11,495,400,000 (-18.41%)

$14,089,800,000 (-10.36%)

$15,718,700,000 (-5.12%)

ABEV Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$89,452,700,000 (12.18%)

$79,736,900,000 (0.04%)

$79,708,800,000 (9.41%)

$72,854,300,000 (24.80%)

Cost of Revenue

$43,615,100,000 (11.00%)

$39,291,600,000 (-2.80%)

$40,422,100,000 (13.36%)

$35,659,700,000 (31.75%)

Selling General & Administrative Expense

$26,392,400,000 (12.61%)

$23,436,800,000 (-2.22%)

$23,969,500,000 (9.72%)

$21,845,600,000 (24.35%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$23,935,100,000 (11.80%)

$21,407,900,000 (-0.22%)

$21,455,600,000 (8.79%)

$19,721,500,000 (32.46%)

Interest Expense

$4,510,800,000 (-12.00%)

$5,126,100,000 (-28.22%)

$7,141,100,000 (31.57%)

$5,427,800,000 (-0.05%)

Income Tax Expense

$4,640,400,000 (6046.23%)

$75,500,000 (111.52%)

-$655,600,000 (-202.98%)

$636,600,000 (-63.88%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$14,846,900,000 (-0.76%)

$14,960,400,000 (0.46%)

$14,891,200,000 (13.48%)

$13,122,600,000 (11.85%)

Net Income to Non-Controlling Interests

$409,700,000 (-10.64%)

$458,500,000 (5.82%)

$433,300,000 (-4.05%)

$451,600,000 (28.11%)

Net Income

$14,437,200,000 (-0.45%)

$14,501,900,000 (0.30%)

$14,457,900,000 (14.10%)

$12,671,000,000 (11.35%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$14,437,200,000 (-0.45%)

$14,501,900,000 (0.30%)

$14,457,900,000 (14.10%)

$12,671,000,000 (11.35%)

Weighted Average Shares

$15,753,833,284 (0.02%)

$15,750,216,851 (0.07%)

$15,738,669,656 (0.02%)

$15,734,914,780 (0.03%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

$23,588,400,000 (19.72%)

$19,703,500,000 (-5.92%)

$20,943,400,000 (11.79%)

$18,735,400,000 (0.88%)

Gross Profit

$45,837,600,000 (13.33%)

$40,445,300,000 (2.95%)

$39,286,700,000 (5.62%)

$37,194,600,000 (18.78%)

Operating Income

$21,902,500,000 (15.05%)

$19,037,400,000 (6.77%)

$17,831,100,000 (2.05%)

$17,473,100,000 (6.39%)

ABEV Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$5,463,400,000 (5.25%)

-$5,766,000,000 (-15.22%)

-$5,004,200,000 (35.30%)

-$7,735,000,000 (-13.76%)

Net Cash Flow from Financing

-$10,352,000,000 (35.76%)

-$16,115,200,000 (1.36%)

-$16,337,800,000 (-1.84%)

-$16,042,000,000 (-86.49%)

Net Cash Flow from Operations

$26,098,800,000 (5.61%)

$24,711,400,000 (19.71%)

$20,642,100,000 (-9.86%)

$22,901,300,000 (21.45%)

Net Cash Flow / Change in Cash & Cash Equivalents

$10,283,400,000 (263.35%)

$2,830,200,000 (504.37%)

-$699,900,000 (20.08%)

-$875,700,000 (-125.35%)

Net Cash Flow - Business Acquisitions and Disposals

$10,300,000 (119.51%)

-$52,800,000 (-60.00%)

-$33,000,000 (75.24%)

-$133,300,000 (69.11%)

Net Cash Flow - Investment Acquisitions and Disposals

-$888,600,000 (-751.47%)

$136,400,000 (-90.35%)

$1,413,000,000 (685.58%)

-$241,300,000 (86.47%)

Capital Expenditure

-$4,578,500,000 (21.74%)

-$5,850,000,000 (8.58%)

-$6,399,200,000 (13.24%)

-$7,375,400,000 (-60.87%)

Issuance (Repayment) of Debt Securities

-$1,446,300,000 (-6.53%)

-$1,357,700,000 (-67.62%)

-$810,000,000 (71.09%)

-$2,802,000,000 (-328.45%)

Issuance (Purchase) of Equity Shares

-$450,100,000 (-330.72%)

-$104,500,000 (-244.88%)

-$30,300,000 (13.68%)

-$35,100,000 (-374.32%)

Payment of Dividends & Other Cash Distributions

-$4,056,400,000 (65.98%)

-$11,921,900,000 (2.62%)

-$12,242,300,000 (-10.14%)

-$11,115,300,000 (-62.26%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$382,600,000 (-77.95%)

Share Based Compensation

$400,900,000 (20.90%)

$331,600,000 (5.64%)

$313,900,000 (-19.01%)

$387,600,000 (85.72%)

Depreciation Amortization & Accretion

$7,126,400,000 (11.04%)

$6,417,900,000 (7.75%)

$5,956,300,000 (10.37%)

$5,396,700,000 (4.44%)

ABEV Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

51.20% (0.99%)

50.70% (2.84%)

49.30% (-3.52%)

51.10% (-4.66%)

Profit Margin

16.10% (-11.54%)

18.20% (0.55%)

18.10% (4.02%)

17.40% (-10.77%)

EBITDA Margin

34.30% (4.57%)

32.80% (-2.67%)

33.70% (1.81%)

33.10% (-18.67%)

Return on Average Equity (ROAE)

16.30% (-9.44%)

18.00% (2.27%)

17.60% (8.64%)

16.20% (-3.57%)

Return on Average Assets (ROAA)

9.80% (-8.41%)

10.70% (1.90%)

10.50% (9.37%)

9.60% (-4.00%)

Return on Sales (ROS)

26.40% (6.88%)

24.70% (-6.08%)

26.30% (2.33%)

25.70% (-19.18%)

Return on Invested Capital (ROIC)

75.90% (30.19%)

58.30% (-0.34%)

58.50% (4.46%)

56.00% (-11.95%)

Dividend Yield

2.20% (-57.69%)

5.20% (-3.70%)

5.40% (22.73%)

4.40% (62.96%)

Price to Earnings Ratio (P/E)

13.58 (-8.26%)

14.81 (-5.54%)

15.67 (-19.10%)

19.37 (-11.97%)

Price to Sales Ratio (P/S)

2.2 (-18.46%)

2.69 (-5.21%)

2.84 (-15.65%)

3.37 (-21.44%)

Price to Book Ratio (P/B)

1.99 (-26.80%)

2.72 (-1.56%)

2.76 (-6.94%)

2.97 (-12.44%)

Debt to Equity Ratio (D/E)

0.64 (-4.06%)

0.67 (-0.30%)

0.67 (1.06%)

0.66 (-2.65%)

Earnings Per Share (EPS)

0.92 (-0.33%)

0.92 (0.33%)

0.92 (14.04%)

0.81 (11.34%)

Sales Per Share (SPS)

0.84 (-19.04%)

1.04 (8.67%)

0.96 (15.16%)

0.83 (16.39%)

Free Cash Flow Per Share (FCFPS)

1.37 (14.02%)

1.2 (32.38%)

0.91 (-8.31%)

0.99 (8.82%)

Book Value Per Share (BVPS)

6.26 (24.87%)

5.01 (-3.71%)

5.21 (-0.86%)

5.25 (11.91%)

Tangible Assets Book Value Per Share (TABVPS)

6.71 (24.84%)

5.37 (-4.09%)

5.6 (0.70%)

5.56 (12.73%)

Enterprise Value Over EBIT (EV/EBIT)

8 (-20.00%)

10 (0.00%)

10 (-16.67%)

12 (-7.69%)

Enterprise Value Over EBITDA (EV/EBITDA)

5.84 (-25.35%)

7.82 (-0.85%)

7.89 (-18.28%)

9.65 (-4.95%)

Asset Turnover

0.61 (2.89%)

0.59 (2.26%)

0.58 (4.35%)

0.55 (7.39%)

Current Ratio

1.1 (22.98%)

0.89 (-4.39%)

0.93 (-6.14%)

0.99 (-5.87%)

Dividends

$0.04 (-72.11%)

$0.15 (0.68%)

$0.15 (18.70%)

$0.12 (50.00%)

Free Cash Flow (FCF)

$21,520,300,000 (14.10%)

$18,861,400,000 (32.43%)

$14,242,900,000 (-8.26%)

$15,525,900,000 (8.79%)

Enterprise Value (EV)

$26,602,506,555 (-36.58%)

$41,948,879,027 (4.58%)

$40,109,861,464 (-4.09%)

$41,821,761,384 (-9.80%)

Earnings Before Tax (EBT)

$19,077,600,000 (30.87%)

$14,577,400,000 (5.62%)

$13,802,300,000 (3.72%)

$13,307,600,000 (1.26%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$30,714,800,000 (17.58%)

$26,121,400,000 (-2.89%)

$26,899,700,000 (11.47%)

$24,132,100,000 (1.65%)

Invested Capital

$31,102,700,000 (0.21%)

$31,036,000,000 (-15.02%)

$36,520,000,000 (3.93%)

$35,139,400,000 (10.44%)

Working Capital

$4,766,800,000 (207.31%)

-$4,442,000,000 (-63.09%)

-$2,723,700,000 (-1038.67%)

-$239,200,000 (-112.83%)

Tangible Asset Value

$105,634,900,000 (24.87%)

$84,599,000,000 (-4.02%)

$88,141,800,000 (0.73%)

$87,502,200,000 (12.77%)

Market Capitalization

$29,144,591,575 (-33.91%)

$44,100,607,183 (3.02%)

$42,809,181,464 (-2.83%)

$44,057,761,384 (-8.47%)

Average Equity

$88,805,700,000 (10.37%)

$80,462,450,000 (-2.23%)

$82,299,300,000 (5.20%)

$78,229,350,000 (15.81%)

Average Assets

$147,576,300,000 (9.07%)

$135,301,150,000 (-2.15%)

$138,280,250,000 (4.84%)

$131,899,400,000 (16.24%)

Invested Capital Average

$31,069,350,000 (-8.02%)

$33,778,000,000 (-5.73%)

$35,829,700,000 (7.02%)

$33,477,900,000 (14.66%)

Shares

15,753,833,284 (0.02%)

15,750,216,851 (0.07%)

15,738,669,656 (0.02%)

15,734,914,780 (0.03%)