Anheuser Busch Inbev SA NV (ABI) — Free Cash Flow Generation Index

Latest as of December 2025: 0.82x

Anheuser Busch Inbev SA NV (ABI) has a Free Cash Flow Generation Index of 0.82x as of December 2025. Free cash flow of €9.91 Billion represents 1% of operating cash flow (€12.08 Billion). Explore ABI capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

0.82x
Free Cash Flow / Operating CF

Free Cash Flow

€9.91 Billion
EUR

Operating Cash Flow

€12.08 Billion
EUR

Capital Expenditures

€2.17 Billion
EUR

Anheuser Busch Inbev SA NV Free Cash Flow Generation Index (2000–2025)

Historical FCF Generation Index trend for Anheuser Busch Inbev SA NV across 26 annual periods. For the full cash flow conversion analysis, see Anheuser Busch Inbev SA NV (ABI) cash conversion ratio.

Annual Free Cash Flow Generation for Anheuser Busch Inbev SA NV (2000–2025)

Year-by-year Free Cash Flow Generation Index for Anheuser Busch Inbev SA NV. Check ABI total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.75x €11.68 Billion €15.49 Billion €3.81 Billion ▲ +1.5%
2024 0.74x €11.19 Billion €15.05 Billion €3.86 Billion ▲ +14.3%
2023 0.65x €8.63 Billion €13.27 Billion €4.64 Billion ▲ +6.3%
2022 0.61x €8.14 Billion €13.30 Billion €5.16 Billion ▼ -1.1%
2021 0.62x €9.16 Billion €14.80 Billion €5.64 Billion ▼ -5.4%
2020 0.65x €9.18 Billion €14.04 Billion €4.85 Billion ▲ +6.6%
2019 0.61x €8.22 Billion €13.40 Billion €5.17 Billion ▼ -8.1%
2018 0.67x €10.06 Billion €15.06 Billion €5.00 Billion ▼ -3.6%
2017 0.69x €10.69 Billion €15.43 Billion €4.74 Billion ▲ +36.5%
2016 0.51x €5.13 Billion €10.11 Billion €4.98 Billion ▼ -23.5%
2015 0.66x €9.37 Billion €14.12 Billion €4.75 Billion ▼ -3.7%
2014 0.69x €9.75 Billion €14.14 Billion €4.39 Billion ▼ -4.4%
2013 0.72x €9.99 Billion €13.86 Billion €3.87 Billion ▼ -4.4%
2012 0.75x €10.00 Billion €13.27 Billion €3.26 Billion ▲ +3.3%
2011 0.73x €9.11 Billion €12.49 Billion €3.38 Billion ▼ -4.4%
2010 0.76x €7.56 Billion €9.90 Billion €2.34 Billion ▼ -6.0%
2009 0.81x €7.41 Billion €9.12 Billion €1.71 Billion ▲ +56.0%
2008 0.52x €2.88 Billion €5.53 Billion €2.65 Billion ▼ -14.8%
2007 0.61x €3.40 Billion €5.56 Billion €2.16 Billion ▲ +5.3%
2006 0.58x €2.52 Billion €4.34 Billion €1.82 Billion ▲ +14.0%
2005 0.51x €1.45 Billion €2.85 Billion €1.40 Billion ▲ +34.4%
2004 0.38x €710.34 Million €1.88 Billion €1.17 Billion ▼ -7.3%
2003 0.41x €591.92 Million €1.45 Billion €857.65 Million ▼ -2.6%
2002 0.42x €459.62 Million €1.10 Billion €636.96 Million ▼ -72.2%
2001 1.51x €1.59 Billion €1.05 Billion €535.00 Million ▼ -10.3%
2000 1.68x €1.20 Billion €715.30 Million €487.00 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).