Anheuser-Busch InBev vs Molson Coors
Anheuser-Busch InBev reported revenue of $59.3 billion in fiscal 2025, 5.3 times Molson Coors' $11.1 billion in fiscal 2025. Anheuser-Busch InBev's revenue fell 0.8% in its latest year, and Molson Coors' fell 4.2%. Anheuser-Busch InBev had an operating margin of 26.0%, against -21.0% at Molson Coors. Free cash flow was $11.2 billion at Anheuser-Busch InBev and $1.1 billion at Molson Coors.
Side by side
| Anheuser-Busch InBev | Molson Coors | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $59.3B | $11.1B |
| Revenue growth | −0.8% | −4.2% |
| Revenue growth a year, last 5 years | 4.8% | 2.9% |
| Gross margin | 55.9% | 38.4% |
| Operating margin | 26.0% | −21.0% |
| Net margin | 11.5% | −19.2% |
| Free cash flow | $11.2B | $1.1B |
| Free cash flow margin | 18.9% | 9.6% |
| Return on capital | — | −10.7% |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $6.8B | $1.0B |
| Change in diluted share count | — | −5.2% |
| Last close | $81.98 | $40.00 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | bought $551,125, sold $52,912 |
| Piotroski F-score | — | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Anheuser-Busch InBevMolson Coors
Operating margin
Percent of revenue
Anheuser-Busch InBevMolson Coors
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Anheuser-Busch InBevMolson Coors
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Anheuser-Busch InBev and Molson Coors pages.