Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies segments. The company also offers flavored malt beverages, soft drinks, spirit-based ready-to-drink cocktails and be… Read more
Anheuser-Busch InBev SA/NV (BUDFF) - Net Assets
Latest net assets as of December 2025: $97.74 Billion USD
Based on the latest financial reports, Anheuser-Busch InBev SA/NV (BUDFF) has net assets worth $97.74 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($218.82 Billion) and total liabilities ($121.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $97.74 Billion |
| % of Total Assets | 44.67% |
| Annual Growth Rate | 13.87% |
| 5-Year Change | 23.19% |
| 10-Year Change | 184.08% |
| Growth Volatility | 45.62 |
Anheuser-Busch InBev SA/NV - Net Assets Trend (2002–2025)
This chart illustrates how Anheuser-Busch InBev SA/NV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Anheuser-Busch InBev SA/NV (2002–2025)
The table below shows the annual net assets of Anheuser-Busch InBev SA/NV from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $97.74 Billion | +10.19% |
| 2024-12-31 | $88.70 Billion | -4.29% |
| 2023-12-31 | $92.68 Billion | +9.96% |
| 2022-12-31 | $84.28 Billion | +6.22% |
| 2021-12-31 | $79.34 Billion | +1.26% |
| 2020-12-31 | $78.35 Billion | -7.34% |
| 2019-12-31 | $84.55 Billion | +17.59% |
| 2018-12-31 | $71.90 Billion | -10.37% |
| 2017-12-31 | $80.22 Billion | +133.15% |
| 2017-10-31 | $34.41 Billion | -57.74% |
| 2016-12-31 | $81.42 Billion | +157.96% |
| 2016-10-31 | $31.57 Billion | -30.96% |
| 2015-12-31 | $45.72 Billion | +51.73% |
| 2015-10-31 | $30.13 Billion | -44.47% |
| 2014-12-31 | $54.26 Billion | -1.90% |
| 2013-12-31 | $55.31 Billion | +21.71% |
| 2012-12-31 | $45.44 Billion | +10.71% |
| 2011-12-31 | $41.04 Billion | +5.79% |
| 2010-12-31 | $38.80 Billion | +16.97% |
| 2009-12-31 | $33.17 Billion | +35.77% |
| 2008-12-31 | $24.43 Billion | +12.38% |
| 2007-12-31 | $21.74 Billion | +17.47% |
| 2006-12-31 | $18.51 Billion | +27.77% |
| 2005-12-31 | $14.48 Billion | +14.22% |
| 2004-12-31 | $12.68 Billion | +81.74% |
| 2003-12-31 | $6.98 Billion | +41.65% |
| 2002-12-31 | $4.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Anheuser-Busch InBev SA/NV's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4489.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $50.13 Billion | 57.43% |
| Common Stock | $1.74 Billion | 1.99% |
| Other Components | $35.42 Billion | 40.58% |
| Total Equity | $87.29 Billion | 100.00% |
Anheuser-Busch InBev SA/NV Competitors by Market Cap
The table below lists competitors of Anheuser-Busch InBev SA/NV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eni S.p.A
F:ENI1
|
$56.76 Billion |
|
Recruit Holdings Co Ltd
PINK:RCRRF
|
$56.82 Billion |
|
ITOCHU Corporation
PINK:ITOCF
|
$56.96 Billion |
|
AB Volvo (publ)
PINK:VOLAF
|
$57.01 Billion |
|
Schlumberger Ltd.
LSE:0SCL
|
$56.51 Billion |
|
Bharti Airtel Limited
NSE:BHARTIARTL
|
$56.51 Billion |
|
Relx PLC
PINK:RLXXF
|
$56.43 Billion |
|
Deutsche Bank AG
NYSE:DB
|
$56.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anheuser-Busch InBev SA/NV's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 78,237,000,000 to 87,291,459,000, a change of 9,054,459,000 (11.6%).
- Net income of 7,115,259,000 contributed positively to equity growth.
- Dividend payments of 4,727,895,780 reduced retained earnings.
- Share repurchases of 2,394,648,511 reduced equity.
- Other comprehensive income decreased equity by 16,190,000,000.
- Other factors increased equity by 25,251,744,291.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.12 Billion | +8.15% |
| Dividends Paid | $4.73 Billion | -5.42% |
| Share Repurchases | $2.39 Billion | -2.74% |
| Other Comprehensive Income | $-16.19 Billion | -18.55% |
| Other Changes | $25.25 Billion | +28.93% |
| Total Change | $- | 11.57% |
Book Value vs Market Value Analysis
This analysis compares Anheuser-Busch InBev SA/NV's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.54x to 1.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $6.38 | $60.87 | x |
| 2003-12-31 | $7.82 | $60.87 | x |
| 2004-12-31 | $14.24 | $60.87 | x |
| 2005-12-31 | $13.62 | $60.87 | x |
| 2006-12-31 | $15.32 | $60.87 | x |
| 2007-12-31 | $22.16 | $60.87 | x |
| 2008-12-31 | $22.44 | $60.87 | x |
| 2009-12-31 | $19.03 | $60.87 | x |
| 2010-12-31 | $21.89 | $60.87 | x |
| 2011-12-31 | $23.23 | $60.87 | x |
| 2012-12-31 | $25.27 | $60.87 | x |
| 2013-12-31 | $30.52 | $60.87 | x |
| 2014-12-31 | $30.01 | $60.87 | x |
| 2015-12-31 | $25.26 | $60.87 | x |
| 2016-12-31 | $40.65 | $60.87 | x |
| 2017-12-31 | $36.11 | $60.87 | x |
| 2018-12-31 | $32.07 | $60.87 | x |
| 2019-12-31 | $37.38 | $60.87 | x |
| 2020-12-31 | $34.05 | $60.87 | x |
| 2021-12-31 | $33.58 | $60.87 | x |
| 2022-12-31 | $35.80 | $60.87 | x |
| 2023-12-31 | $39.82 | $60.87 | x |
| 2024-12-31 | $38.28 | $60.87 | x |
| 2025-12-31 | $44.00 | $60.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anheuser-Busch InBev SA/NV utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.53%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.51x
- Recent ROE (8.15%) is below the historical average (11.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 11.04% | 6.68% | 0.68x | 2.42x | $46.07 Million |
| 2003 | 11.72% | 7.17% | 0.64x | 2.55x | $93.20 Million |
| 2004 | 8.86% | 8.39% | 0.46x | 2.29x | $-125.80 Million |
| 2005 | 12.64% | 12.03% | 0.49x | 2.12x | $346.79 Million |
| 2006 | 18.68% | 15.98% | 0.51x | 2.31x | $1.30 Billion |
| 2007 | 20.44% | 21.12% | 0.50x | 1.92x | $2.27 Billion |
| 2008 | 8.59% | 8.20% | 0.21x | 5.04x | $-317.20 Million |
| 2009 | 15.22% | 12.55% | 0.33x | 3.71x | $1.58 Billion |
| 2010 | 11.42% | 11.09% | 0.32x | 3.24x | $500.10 Million |
| 2011 | 15.62% | 15.00% | 0.35x | 3.00x | $2.11 Billion |
| 2012 | 17.60% | 18.22% | 0.32x | 2.98x | $3.13 Billion |
| 2013 | 28.58% | 33.32% | 0.30x | 2.81x | $9.36 Billion |
| 2014 | 18.44% | 19.58% | 0.33x | 2.85x | $4.22 Billion |
| 2015 | 11.17% | 18.52% | 0.04x | 16.28x | $353.90 Million |
| 2015 | 19.63% | 18.97% | 0.32x | 3.20x | $4.06 Billion |
| 2016 | 10.95% | 18.01% | 0.04x | 16.26x | $298.60 Million |
| 2016 | 1.74% | 2.73% | 0.18x | 3.62x | $-5.89 Billion |
| 2017 | 12.06% | 19.05% | 0.04x | 16.00x | $709.30 Million |
| 2017 | 11.02% | 14.17% | 0.23x | 3.39x | $737.50 Million |
| 2018 | 6.77% | 8.00% | 0.24x | 3.60x | $-2.08 Billion |
| 2019 | 12.11% | 17.53% | 0.22x | 3.13x | $1.60 Billion |
| 2020 | 2.07% | 3.00% | 0.21x | 3.33x | $-5.40 Billion |
| 2021 | 6.80% | 8.60% | 0.25x | 3.17x | $-2.20 Billion |
| 2022 | 8.13% | 10.33% | 0.27x | 2.90x | $-1.37 Billion |
| 2023 | 6.53% | 8.99% | 0.27x | 2.68x | $-2.84 Billion |
| 2024 | 7.48% | 9.80% | 0.29x | 2.64x | $-1.97 Billion |
| 2025 | 8.15% | 11.53% | 0.28x | 2.51x | $-1.61 Billion |
Industry Comparison
This section compares Anheuser-Busch InBev SA/NV's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $82,360,142,987
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anheuser-Busch InBev SA/NV (BUDFF) | $97.74 Billion | 11.04% | 1.24x | $56.52 Billion |
| Asahi Group Holdings Ltd (ASBRF) | $577.70 Billion | 8.25% | 1.48x | $15.32 Billion |
| Budweiser Brewing Company APAC Limited (BDWBY) | $80.89 Billion | 5.53% | 0.63x | $7.10 Billion |
| Big Rock Brewery Inc (BRBMF) | $25.06 Million | 9.15% | 0.43x | $5.77 Million |
| Carlsberg A/S (CABJF) | $47.23 Billion | -6.20% | 1.64x | $11.67 Billion |
| C&C Group plc (CCGPY) | $384.50 Million | 54.15% | 1.42x | $663.00 Million |
| China Resources Beer Holdings Co Ltd (CRHKF) | $19.31 Billion | -17.32% | 1.21x | $5.79 Billion |
| Entertainment Arts Research Inc (EARI) | $146.29K | 0.00% | 2.48x | $0.93 |
| Fomento Economico Mexicano (FMX) | $15.70 Billion | 10.67% | 0.85x | $37.66 Billion |
| Heineken N.V (HINKF) | $0.00 | 0.00% | 0.00x | $45.23 Billion |