Compañía Cervecerías Unidas S.A. ADR (CCU) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$0.11	-$0.12	-9.1%	—	$607.8B	—
Q1 26	$0.3	$0.33	+10.0%	—	$819.5B	—
Q4 25	$0.37	$0.35	-5.4%	—	$853.4B	—
Q3 25	$0.09	$0.09	0.0%	—	$658.6B	—
Q2 25	-$0.08	-$0.06	+25.0%	—	$579.9B	—
Q1 25	$0.33	$0.33	0.0%	—	$817.7B	—
Q4 24	$0.19	$0.43	+126.3%	—	$1.1B	—
Q3 24	$0.17	$0.17	0.0%	—	$705.1M	—
Q2 24	$0.05	$0.03	-40.0%	—	$524.6B	—
Q1 24	$0.27	$0.3	+11.1%	—	$746B	—
Q4 23	$0.06	$0.23	+283.3%	—	$572.6B	—
Q3 23	$0.1	$0.06	-40.0%	—	$686.7B	—
Q2 23	-$0.02	-$0.03	-50.0%	—	$574.2B	—
Q1 23	$0.35	$0.39	+11.4%	—	$732B	—
Q4 22	$0.05	$0.31	+520.0%	—	$768.4B	—
Q3 22	-$0.01	$0.05	+600.0%	—	$684.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$634.1	—	—	$2.9T	—
FY24	—	$871.1	—	—	$3.4B	—
FY23	—	$571.9	—	—	$2.6T	—
FY22	—	$639.6	—	—	$2.7T

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6T	$1.7T	$1.8T	$1.8T	$1.9T	$2.5T	$2.7T	$2.6T	$3.4B	$2.9T
YoY change	+4.04%	+8.95%	+5%	+2.2%	+1.92%	+33.8%	+9.12%	-5.38%	-99.9%	+86.3K%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.6T	1.7T	1.8T	1.8T	1.9T	2.5T	2.7T	2.6T	3.4B	2.9T
Cost of revenue	741.8B	798.7B	860B	908.3B	984B	1.3T	1.5T	1.4T	1.8B	1.6T
Gross profit	817.1B	899.6B	923.3B	914.2B	873.6B	1.2T	1.2T	1.2T	1.5B	1.3T
Gross margin	52.4%	53%	51.8%	50.2%	47%	48%	44.1%	46.3%	45.2%	44.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	426.2B	432.7B	466.8B	464.5B	475.9B	600B	691.6B	667.4B	871.2M	753.3B
Operating expenses	620.6B	670.1B	682.3B	705.1B	705.8B	883.4B	969B	937B	1.3B	1.1T
Operating income	196.4B	229.5B	241B	209.2B	167.7B	309.8B	227.5B	250B	259.8M	211.4B
Operating margin	12.6%	13.5%	13.5%	11.5%	9.03%	12.5%	8.39%	9.74%	7.71%	7.27%
Non-operating income, net	-11.5B	-13.9B	225B	-8.9B	1.1B	13.3B	-38.7B	-109.2B	649.7K	-48.7B
Pretax income	170.3B	196.5B	458.2B	185.6B	143.6B	301.7B	135.7B	103.2B	191.9M	110.2B
Income tax	30.2B	48.4B	136.1B	40B	35.4B	82.6B	263.9M	-15.3B	-12.8M	-27.1B
Net income	140.1B	148.1B	322.1B	145.6B	108.2B	219.1B	135.5B	118.4B	204.7M	137.3B
Net margin	8.99%	8.72%	18.1%	7.99%	5.82%	8.82%	5%	4.62%	6.08%	4.72%
EBITDA	197B	228.5B	470.2B	209.6B	179.7B	338B	243.1B	254.1B	301.4M	222.2B
EPS	641.2	701.5	1.7K	704.4	520.4	1.1K	639.6	571.9	871.1	634.1
Diluted EPS	641.2	701.5	1.7K	704.4	520.4	1.1K	639.6	571.9	871.1	634.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	686.7B	572.6B	746B	524.6B	705.1M	1.1B	817.7B	579.9B	658.6B	853.4B	819.5B	607.8B
Cost of revenue	368.4B	308.3B	393.9B	314.5B	399.8M	585.6M	435.5B	343.1B	378.7B	460.8B	432B	355B
Gross profit	318.3B	264.3B	352.1B	210.1B	305.3M	537M	382.2B	236.8B	279.9B	392.6B	387.5B	252.8B
Gross margin	46.4%	46.2%	47.2%	40%	43.3%	47.8%	46.7%	40.8%	42.5%	46%	47.3%	41.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	267.4B	142.4B	177.4B	169.6B	194.7M	272.6M	201.1B	253.5B	169.8B	206.2B	209.8B	179.2B
Operating expenses	267.2B	180.6B	264B	240.1B	270.5M	382.7M	294.5B	254.2B	243.9B	286.6B	297.4B	263.3B
Operating income	51.1B	83.6B	88.1B	-30B	34.8M	154.3M	87.6B	-17.3B	36B	106.1B	90.1B	-10.5B
Operating margin	7.44%	14.6%	11.8%	-5.72%	4.94%	13.7%	10.7%	-2.99%	5.47%	12.4%	11%	-1.73%
Non-operating income, net	-31.8B	-42.3B	-11.8B	21.2B	573.4K	-10.9M	-11.2B	-20.1B	-12.7B	-5.8B	486.6M	-20.9B
Pretax income	8.4B	30.1B	69.6B	-21.1B	14.4M	119.9M	65.2B	-47.6B	8.4B	84.3B	77.3B	-42.9B
Income tax	-4.2B	-17.7B	14.6B	-27.9B	-20.1M	24.7M	3.7B	-36.4B	-12.3B	17.9B	18.2B	-22.4B
Net income	12.7B	47.8B	55B	6.8B	34.5M	95.2M	61.5B	-11.2B	20.7B	66.3B	59B	-20.5B
Net margin	1.84%	8.35%	7.38%	1.3%	4.89%	8.48%	7.52%	-1.93%	3.14%	7.77%	7.21%	-3.37%
EBITDA	75.6B	79.7B	96.3B	-20.6B	45.9M	161.1M	94.9B	-12.8B	34.1B	110.6B	93.4B	-8.1B
EPS	51.4	225.8	282.6	27.3	159.9	401.4	312.7	-60.8	83.9	298.2	291.5	-112.1
Diluted EPS	51.4	225.8	282.6	27.3	159.9	401.4	312.7	-60.8	83.9	298.2	291.5	-112.1

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.8T	5.4T	4.6T	3.4T	2.7T	3T	2.4T	2.2T	—	—	2B
Enterprise value	3.8T	5.4T	4.5T	3.6T	2.8T	3.3T	3.1T	2.9T	—	—	732.8B
Shares outstanding	181.2B	181.2B	181.2B	181.2B	181.2B	181.2B	181.2B	174.7B	214.2K	184.8M	184.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.1	36.2	14.1	23.6	24.6	13.6	17.5	18.5	—	—	19
P/S	2.44	3.16	2.55	1.89	1.43	1.2	0.88	0.85	—	—	0
P/B	3.17	4.37	3.28	2.38	1.89	2.09	1.66	1.64	—	—	0
EV/EBITDA	19.4	23.5	9.56	16.9	15.3	9.67	12.9	11.4	—	—	3.3
EV/Sales	2.45	3.16	2.52	1.95	1.48	1.32	1.16	1.13	—	—	0.25
Earnings yield	3.68%	2.76%	7.07%	4.24%	4.06%	7.37%	5.7%	5.4%	—	—	5.27%
FCF yield	1.61%	2.54%	6.54%	2.96%	5.93%	4.09%	-6.63%	7.51%	—	—	3.73%
PEG	—	—	—	—	—	—	—	—	—	—	0.22

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	52.4%	53%	51.8%	50.2%	47%	48%	44.1%	46.3%	45.2%	44.4%	41.6%
Operating margin	12.6%	13.5%	13.5%	11.5%	9.03%	12.5%	8.39%	9.74%	7.71%	7.27%	6.54%
Net margin	8.99%	8.72%	18.1%	7.99%	5.82%	8.82%	5%	4.62%	6.08%	4.72%	3.53%
ROE	11.7%	12.1%	23.2%	10.1%	7.68%	15.4%	9.44%	8.86%	10.6%	8.49%	7.94%
ROA	7.48%	7.49%	13.4%	6.19%	4.28%	7.69%	3.77%	3.46%	4.42%	3.77%	3.86%
ROIC	13.3%	14%	12.7%	10.5%	8.45%	13.1%	10.3%	12.2%	9.42%	9.01%	8.92%
Return on tangible assets	9.2%	9.07%	16.8%	7.86%	5.32%	9.61%	4.55%	4.14%	5.56%	4.78%	4.74%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.54	1.56	1.46	1.63	1.84	1.4	2.08	2.33	2.06	1.9	1.84
Quick ratio	1.07	1.11	1.09	1.13	1.38	0.93	1.46	1.69	1.5	1.34	1.17
Debt / equity	0.13	0.15	0.19	0.22	0.35	0.4	0.96	0.99	0.85	0.77	0.82
Debt / assets	0.09	0.1	0.11	0.13	0.19	0.2	0.38	0.39	0.35	0.34	0.36
Net debt / EBITDA	0.09	0.05	-0.13	0.54	0.48	0.87	3.14	2.79	2.72	3.28	3.94
Interest coverage	9.39	9.13	20.4	7.7	6	9.46	2.79	2.34	2.7	2.38	2.68
Effective tax rate	17.8%	24.6%	29.7%	21.5%	24.7%	27.4%	0.19%	0%	0%	0%	1.14%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	8.6	9.37	9.84	10.1	10.3	13.7	15	14.7	15.7K	15.7K	15.7K
EPS (basic)	641.2	701.5	1.7K	704.4	520.4	1.1K	639.6	571.9	871.1	634.1	634.1
EPS (diluted)	641.2	701.5	1.7K	704.4	520.4	1.1K	639.6	571.9	871.1	634.1	0.58
Book value per share	6.63	6.77	7.67	7.96	7.77	7.87	7.92	7.65	9.1K	8.7K	4K
FCF per share	0.34	0.75	1.64	0.56	0.87	0.67	-0.87	0.94	689.7	444.6	738.2
Cash per share	0.78	0.98	1.82	1.12	2.23	1.54	3.36	3.56	3.8K	2.8K	498.1
Capex per share	0.68	0.67	0.7	0.71	0.64	0.94	1.02	0.7	543.9	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	7.89%	7.18%	7.14%	7.06%	6.28%	6.82%	6.83%	4.8%	3.46%	—	—
Payout ratio	49.8%	50.7%	23.2%	149.7%	94.4%	125.1%	116.9%	55.4%	46.3%	57%	57%
Dividend yield	1.84%	1.4%	1.64%	6.34%	3.83%	9.22%	6.66%	2.99%	—	—	3.06%

Yield

3.06%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.166

ex-dividend Apr 17, 2026

Payout ratio

57%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 17, 2026	$0.166
Apr 24, 2025	$0.2159
Nov 22, 2024	$0.2458

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$686.7B	$572.6B	$746B	$524.6B	$705.1M	$1.1B	$817.7B	$579.9B	$658.6B	$853.4B	$819.5B	$607.8B
YoY change	+0.38%	-25.5%	+1.91%	-8.64%	-99.9%	-99.8%	+9.6%	+10.5%	+93.3K%	+75.9K%	+0.23%	+4.81%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	141.9B	177.6B	330B	202.6B	403.7B	279.6B	609B	621.5B	820.9M	520.4B
Receivables	280.8B	286.2B	284.1B	266.1B	242.4B	314.7B	373.5B	379.9B	506.6M	410.9B
Inventory	207.7B	210.6B	236.9B	242.4B	242.9B	366.7B	498B	441.2B	553.5M	442B
Total current assets	681.7B	729.1B	941B	789.3B	960B	1.1T	1.7T	1.6T	2.1B	1.5T
Property, plant & equipment	918B	931.7B	1T	1.1T	1.1T	1.3T	1.4T	1.3T	1.8B	1.5T
Goodwill & intangibles	349.7B	343.3B	484B	501.1B	490.9B	566.2B	618.7B	561.4B	942.1M	770.8B
Total assets	1.9T	2T	2.4T	2.4T	2.5T	2.8T	3.6T	3.4T	4.6B	3.6T
Accounts payable	210.2B	224.3B	247.3B	248.6B	256.2B	438.9B	420.6B	352.1B	491.2M	—
Short-term debt	42.5B	28.1B	42.6B	54B	50.4B	90.4B	174.7B	70.3B	172.9M	175.6B
Total current liabilities	442.4B	468.7B	645.7B	483.3B	521.5B	781.1B	797.2B	687.5B	997.3M	795.7B
Long-term debt	117.9B	161B	228B	261.8B	440.1B	483.2B	1.2T	1.3T	1.5B	1.1T
Total liabilities	671.4B	749.4B	1T	910.8B	1.1T	1.4T	2.2T	2.1T	2.7B	2T
Shareholders' equity	1.2T	1.2T	1.4T	1.4T	1.4T	1.4T	1.4T	1.3T	1.9B	1.6T
Total debt	160.5B	189.1B	270.6B	315.8B	490.5B	573.7B	1.4T	1.3T	1.6B	1.2T
Net debt	26.5B	19.1B	-48.4B	119.4B	94.1B	308.1B	775.5B	711.1B	820.4M	730.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	511.3B	499.9B	520.4B	612.7B	348.2B
Receivables	—	—	—	—	—	—	—	—	331.3B	410.9B	333.3B	286.9B
Inventory	—	—	—	—	—	—	—	—	484.7B	442B	430.4B	442.6B
Total current assets	—	—	—	—	—	—	—	1.4T	1.5T	1.5T	1.5T	1.2T
Property, plant & equipment	883.3B	862B	916.2B	983.8M	1.2B	1.1T	1.1T	—	1.5T	1.5T	1.6T	1.6T
Goodwill & intangibles	—	—	—	—	—	—	—	—	775.4B	770.8B	828.6B	817.6B
Total assets	—	—	—	—	—	—	—	3.5T	3.6T	3.6T	3.7T	3.5T
Accounts payable	—	—	—	—	—	—	—	—	352.5B	377.6B	363.9B	325.2B
Short-term debt	—	—	—	—	—	—	—	161.2B	154.7B	175.6B	132.1B	165.5B
Total current liabilities	—	—	—	—	—	—	—	645.5B	704.2B	795.7B	741.9B	656B
Long-term debt	—	—	—	—	—	—	—	1.1T	1.1T	1.1T	1.1T	1.1T
Total liabilities	—	—	—	—	—	—	—	1.9T	2T	2T	2T	1.9T
Shareholders' equity	—	—	—	—	—	—	—	1.6T	1.6T	1.6T	1.7T	1.6T
Total debt	—	—	—	—	—	—	—	1.3T	1.3T	1.2T	1.2T	1.3T
Net debt	—	—	—	—	—	—	—	752.4B	773.2B	730.8B	612B	907.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	—	—	—
Capital expenditure	-122.9B	-122B	-127.3B	-128.6B	-116.6B	-169.5B	-185.1B	-123.2B	-116.5M	—
Investing cash flow	-151.8B	-221.8B	-195.9B	-127.2B	-134.8B	-176.8B	-221.5B	-132.2B	-128.9M	-10.3B
Dividends paid	-69.8B	-75.1B	-74.8B	-218B	-102.1B	-274.1B	-158.3B	-65.6B	-94.9M	-78.3B
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-95.1B	-53B	-53B	-199.4B	64.7B	-233.6B	537.1B	-118B	-145M	-206.6B
Net change in cash	-246.9B	-274.8B	-248.9B	-326.6B	-70B	-410.4B	315.6B	-250.2B	-273.9M	-216.9B
Free cash flow	61.1B	136.4B	297.9B	101.8B	157.9B	121.5B	-157.7B	164.6B	147.8M	82.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	-32.3B	—	—	174.3B	-9.3B
Capital expenditure	-45.1B	-26.2B	-44.4B	13.6B	-34.2M	-43.4M	-25.7B	—	—	—	—	—
Investing cash flow	-50.7B	-23B	-53.6B	11.6B	-34.2M	-43.2M	-24.8B	—	-7B	-4.3B	-5.8B	-171.6B
Dividends paid	0	-29.3B	0	-41.8B	0	-46.4M	-29.2M	—	-1.5B	-28.6B	0	-41.3B
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-19.1B	-59.1B	-40.1B	-4.4B	-24.1M	-67.1M	-10.2B	—	15.3B	-32.8B	-41.5B	-35.9B
Net change in cash	-69.7B	-82.1B	-93.6B	7.3B	-58.3M	-110.3M	-35B	-32.3B	8.3B	-37.1B	126.9B	-216.8B
Free cash flow	58.6B	58.6B	76.4B	-118.5B	-76.1M	130.6M	98.7B	-32.3B	-28.5B	81.7B	131.8B	-48.7B

Compañía Cervecerías Unidas S.A. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history