Ambev vs Molson Coors Beverage
Ambev is the larger business, with $15.81bn of revenue in fiscal 2025 against $11.14bn for Molson Coors Beverage (1.4 times as much). Molson Coors Beverage grew faster (-4.2% against -5.2%). Ambev kept more of each dollar of sales as profit: a net margin of 17.6% against -19.2%. Ambev carries less debt relative to equity (3.9% against 61.6%).
| Latest fiscal year | AmbevABEV, 2025 | Molson Coors BeverageTAP, 2025 |
|---|---|---|
| Revenue | $15.81bn | $11.14bn |
| Revenue growth | -5.2% | -4.2% |
| Net income | $2.78bn | −$2.14bn |
| Operating margin | 26.4% | -21.0% |
| Net margin | 17.6% | -19.2% |
| Return on equity | 17.4% | -18.3% |
| Free cash flow | $3.56bn | $1.07bn |
| Cash | $3.40bn | $897m |
| Total debt | $618m | $6.30bn |
| Debt to equity | 3.9% | 61.6% |
| Dividend per share | — | $1.88 |
| Dividend yield | — | 4.6% |
| Share buybacks | — | $648m |
| Employees | — | 16,200 |
| Market value | $41.93bn | $7.90bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 5 sales | 5 buys, 1 sales |