Ambev S.A. (ABEV)

From the record

Ambev S.A.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Ambev S.A.'s 10 filed years say what it did: revenue went from BRL 46 billion in fiscal 2016 to BRL 88 billion in fiscal 2025, up 7.6% a year; it rose in 8 of 9 years; the deepest fall was 1% from fiscal 2024 to fiscal 2025; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Ambev S.A.'s diluted share count shrank about 0.3% a year, and dividends and buybacks returned about 2% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales and 0 purchases of their own stock on the open market in the year to 2026-10-08 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ambev S.A. earned about 18 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 31 cents per dollar of everything the company owns. Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count shrank 0.8% over the year (the filed statements).

From the record

Ambev S.A.'s standing among 19 graded names in its industry family: revenue of BRL 88 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 18.1% ranks in the top 29%; revenue growth of 3.4% a year over the last 3 filed years ranks in the top 50% (its annual reports).

From the record

Ambev S.A.'s room to grow, from the newest filed statements (fiscal 2025): cash of BRL 19 billion against debt of BRL 3.4 billion leaves 10.5% of its assets as net cash, top 29% of its family; cash from operations less capital spending is 22.5% of revenue (top 18%); a gross margin of 51.4% (top 45%) (its annual report).

From the record

Ambev S.A.'s growth drivers, from the filed years to fiscal 2025: revenue grew 3.4% a year over the last three filed years against 7.6% over all 10, slowing (bottom 47% of its family); the newest year grew -1.4% (bottom 32%); capital spending grew -11.1% a year (bottom 34%) (its annual reports). Ambev S.A. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Ambev S.A.'s newest year against its own record: revenue of BRL 88 billion in fiscal 2025 came in 6.9% below the BRL 95 billion its prior three years' pace pointed to (bottom 37% of its family); net income of BRL 16 billion against a prior three-year average of BRL 15 billion (top 43%); a net margin of 18.1% against 18% before (top 43%) (its annual reports).