Anheuser-Busch InBev SA/NV (BUDFF) cash flow statement

BUDFFOTCMalt BeveragesFiscal year ends December 31Also trades as BUD

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 3, 2026Score 5/30

$82.57+0.34 (+0.41%)

Close on Oct 19, 2026Market cap $148.39BP/E 24.4Yield –

Anheuser-Busch InBev SA/NV cash flow statement

AnnualQuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Depreciation & Amortization	5,652	5,544	5,411	5,078	5,052	4,829	4,657	4,624	4,625	3,477	3,153
Stock-Based Compensation	625	644	570	448	510	169	340	333	348	231	221
Change in Inventory	87	-149	717	-1,547	-1,232	-427	-426	-588	-255	-364	-424
Operating Cash Flow	14,883	15,055	13,265	13,298	14,799	10,891	14,036	15,064	14,920	10,110	14,121
Capital Expenditures	-3,656	-3,863	-4,638	-5,160	-5,640	-3,781	-5,174	-5,005	-4,680	-4,979	-4,749
Acquisitions	–	–	–	–	-451	-510	-385	-84	-571	-1,445	-990
Sale of Property, Plant & Equipment	104	128	156	322	142	94	320	437	538	211	412
Investing Cash Flow	-3,436	-3,259	-4,390	-4,337	-5,878	6,336	-4,931	-3,966	7,865	-60,077	-4,930
Dividends Paid	-4,543	-2,672	-3,013	-2,442	-2,364	-1,800	-5,015	-7,761	-9,275	-8,450	-7,966
Share Repurchases	-2,301	-937	-362	0	0	–	–	–	–	–	-1,000
Financing Cash Flow	-11,450	-9,854	-8,560	-10,904	-11,598	-8,475	-8,755	-14,346	-21,334	50,731	-9,281
Foreign Exchange Rate Adjustments	452	-1,082	109	-211	-526	-674	-141	-148	-319	721	-1,316
Net Change in Cash	–	–	–	–	–	–	–	–	2,280	764	-90
Free Cash Flow	11,227	11,192	8,627	8,138	9,159	7,110	8,862	10,059	10,240	5,131	9,372

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: 55.9%
Operating margin: 26.0%
Net margin: 11.5%
Return on equity, FY2025: 8.3%

Financial strength

Current ratio: 0.66
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 22.9%

Valuation

P/E ratio: 24.4
Price to sales: 2.50
Price to book: 1.59
Dividend yield: –

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