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Anheuser-Busch INBEV SA/NV (BUD)

NYSE: BUD · Malt Beverages · filing with the SEC since 2016
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Grade5.5
◀ Past 5.4● Present 5.5▶ Future 5.6
2 est.
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The grade of Anheuser-Busch INBEV SA/NV

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past5.430% of the headline
● Present5.540% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 76th percentile among 42 sector filers · read for itself

From the record

Anheuser-Busch INBEV SA/NV'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).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.3/10

What has it actually done, year after year?

+3% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 43rd percentile among 42 sector filers · read for its customers

From the record

Anheuser-Busch INBEV SA/NV's 10 filed years say what it did: revenue went from $46 billion in fiscal 2016 to $59 billion in fiscal 2025, up 3% a year; it rose in 5 of 9 years; the deepest fall was 15% from fiscal 2017 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span3.0%bottom 37% of its family
  • the share of years revenue rosebottom 29% of its family
  • the share of filed years with a profittop 24% of its family
  • the deepest fall from a revenue peak14.5%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.2/10

How has it treated the people who own it?

SI estimate 4.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 42nd percentile among 42 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 42% of 42 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 42 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Anheuser-Busch INBEV SA/NV's shareholder treatment is put at 4.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 42% of 42 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.5/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.3/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 55%: owes 55¢ per asset dollar.

weight 45% of this tense · 43rd percentile among 42 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Anheuser-Busch INBEV SA/NV earned about 9 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 15 cents per dollar of everything the company owns. Leverage: it owed about 55 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 44% of its family
  • return on equitytop 48% of its family
  • gross profit against assetsbottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.6/10

How strong is its position in its industry?

top 24% of 42 in its family; net margin 14.3%.

weight 33% of this tense · 76th percentile among 42 sector filers · read for its customers

From the record

Anheuser-Busch INBEV SA/NV's standing among 42 graded names in its industry family: revenue of $59 billion in fiscal 2025 ranks in the top 9% by size; a net margin of 14.3% ranks in the top 4%; revenue growth of 0.9% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).

What it rests on

  • revenue against the family$59.32Btop 9% of its family
  • net margin14.3%top 4% of its family
  • three-year revenue growth0.9%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.1/10

What are the people in charge doing?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 29 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 29 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 29 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Anheuser-Busch INBEV SA/NV's leadership is put at 5.1 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 29 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.8/10

How much room does it have to grow?

top 32% of 42 in its family for room to expand.

weight 45% of this tense · 68th percentile among 42 sector filers · read for itself

From the record

Anheuser-Busch INBEV SA/NV's room to grow, from the newest filed statements (fiscal 2025): cash of $12 billion against debt of $73 billion leaves -28% of its assets as net cash, bottom 13% of its family; cash from operations less capital spending is 18.9% of revenue (top 4%); a gross margin of 55.9% (top 6%) (its annual report).

What it rests on

  • cash less debt against assets-28.0%bottom 13% of its family
  • cash from operations less capital spending against revenue18.9%top 4% of its family
  • gross margin55.9%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.9/10

What could actually drive growth from here?

bottom 39% of 42 in its family for growth drivers.

weight 33% of this tense · 39th percentile among 42 sector filers · read for its customers

From the record

Anheuser-Busch INBEV SA/NV's growth drivers, from the filed years to fiscal 2025: revenue grew 0.9% a year over the last three filed years against 3% over all 10, slowing (top 44% of its family); the newest year grew -0.8% (bottom 30%); research spending grew 2.6% a year (bottom 35%); capital spending grew -10.8% a year (bottom 35%) (its annual reports). Anheuser-Busch INBEV SA/NV 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.

What it rests on

  • three-year growth against the whole span-2.1 points a yeartop 44% of its family
  • the newest year's revenue growth-0.8%bottom 30% of its family
  • three-year growth of research spending2.6%bottom 35% of its family
  • three-year growth of capital spending-10.8%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.5/10

Did its newest year beat what its own record pointed to?

top 45% of 39 in its family for expectations against reality.

weight 22% of this tense · 55th percentile among 39 sector filers · read for its shareholders

From the record

Anheuser-Busch INBEV SA/NV's newest year against its own record: revenue of $59 billion in fiscal 2025 came in 2.4% below the $61 billion its prior three years' pace pointed to (bottom 27% of its family); net income of $8.5 billion against a prior three-year average of $7.3 billion (top 37%); a net margin of 14.3% against 12.4% before (top 24%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-2.4%bottom 27% of its family
  • net income against the prior three years' average+16%top 37% of its family
  • net margin against its prior average+1.9 pointstop 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BUD · research, not advice