Anheuser-busch Inbev SA vs PepsiCo
PepsiCo is the larger business, with $93.92bn of revenue in fiscal 2025 against $59.32bn for Anheuser-busch Inbev SA (1.6 times as much). PepsiCo grew faster (2.3% against -0.7%). Anheuser-busch Inbev SA kept more of each dollar of sales as profit: a net margin of 11.5% against 8.8%. Anheuser-busch Inbev SA carries less debt relative to equity (83.6% against 260.8%).
| Latest fiscal year | Anheuser-busch Inbev SABUD, 2025 | PepsiCoPEP, 2025 |
|---|---|---|
| Revenue | $59.32bn | $93.92bn |
| Revenue growth | -0.7% | 2.3% |
| Net income | $6.84bn | $8.24bn |
| Operating margin | 26.0% | 12.2% |
| Net margin | 11.5% | 8.8% |
| Return on equity | 8.3% | 42.9% |
| Free cash flow | $11.23bn | $7.67bn |
| Cash | $11.64bn | $9.16bn |
| Total debt | $73.01bn | $53.21bn |
| Debt to equity | 83.6% | 260.8% |
| Dividend per share | — | $5.62 |
| Dividend yield | 2.7% | 4.1% |
| Share buybacks | $2.30bn | $1.00bn |
| Employees | — | 306,000 |
| Market value | $163.83bn | $187.88bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | — | 80 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 3 buys, 5 sales |