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Bunge Global vs Anheuser-Busch InBev: revenue, profit, margins and growth compared

Bunge Global brought in $70.3B of revenue in fiscal 2025, Anheuser-Busch InBev $59.3B in fiscal 2025. Revenue changed by +32.4% at Bunge Global and -0.7% at Anheuser-Busch InBev on the year before, so Bunge Global grew faster. Bunge Global kept 1.2% of its revenue as net profit, Anheuser-Busch InBev 11.5%. Free cash flow was -$879M at Bunge Global and $11.2B at Anheuser-Busch InBev.

Side by side, latest fiscal year

BGBUD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$70.3B$59.3B
Revenue growth+32.4%-0.7%
Net income$816M$6.8B
Net margin1.2%11.5%
Free cash flow-$879M$11.2B
Free cash flow margin-1.2%18.9%
Earnings per share (diluted)$4.91$3.39
Cash$1.1B$11.6B
Debt$10.2B$73B
Price to earnings21.0n/a
Market value$19.8B$168.6B
Dividend yield2.71%n/a
Rank by revenue in sector#7 of 160 · Consumer staples#8 of 160 · Consumer staples

Over the years

Revenue
BG FY2021: $59.2BBG FY2023: $67.2BBG FY2023: $59.5BBG FY2024: $53.1BBG FY2025: $70.3BBUD FY2018: $53BBUD FY2019: $52.3BBUD FY2020: $46.9BBUD FY2021: $54.3BBUD FY2022: $57.8BBUD FY2023: $59.4BBUD FY2024: $59.8BBUD FY2025: $59.3BFY18FY19FY20FY21FY22FY23FY24FY25
BG $70.3BBUD $59.3B
Net income
BG FY2021: $2.1BBG FY2023: $1.6BBG FY2023: $2.2BBG FY2024: $1.1BBG FY2025: $816MBUD FY2018: $4.4BBUD FY2019: $9.2BBUD FY2020: $1.4BBUD FY2021: $4.7BBUD FY2022: $6BBUD FY2023: $5.3BBUD FY2024: $5.9BBUD FY2025: $6.8BFY18FY19FY20FY21FY22FY23FY24FY25
BG $816MBUD $6.8B
Net margin
BG FY2021: 3.5%BG FY2023: 2.4%BG FY2023: 3.8%BG FY2024: 2.1%BG FY2025: 1.2%BUD FY2018: 8.2%BUD FY2019: 17.5%BUD FY2020: 3.0%BUD FY2021: 8.6%BUD FY2022: 10.3%BUD FY2023: 9.0%BUD FY2024: 9.8%BUD FY2025: 11.5%FY18FY19FY20FY21FY22FY23FY24FY25
BG 1.2%BUD 11.5%
Revenue growth
BG FY2023: +13.7%BG FY2023: -11.4%BG FY2024: -10.8%BG FY2025: +32.4%BUD FY2019: -1.3%BUD FY2020: -10.4%BUD FY2021: +15.8%BUD FY2022: +6.4%BUD FY2023: +2.8%BUD FY2024: +0.7%BUD FY2025: -0.7%FY19FY20FY21FY22FY23FY24FY25
BG +32.4%BUD -0.7%
Free cash flow
BG FY2021: -$3.3BBG FY2023: -$6.1BBG FY2023: $2.2BBG FY2024: $524MBG FY2025: -$879MBUD FY2018: $10.1BBUD FY2019: $8.9BBUD FY2020: $7.1BBUD FY2021: $9.2BBUD FY2022: $8.1BBUD FY2023: $8.6BBUD FY2024: $11.2BBUD FY2025: $11.2BFY18FY19FY20FY21FY22FY23FY24FY25
BG -$879MBUD $11.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Bunge Global and Anheuser-Busch InBev

Which is bigger by revenue, Bunge Global or Anheuser-Busch InBev?

Bunge Global is bigger by revenue: $70.3B in fiscal 2025, against $59.3B for Anheuser-Busch InBev in fiscal 2025.

Which keeps more of its revenue as profit, Bunge Global or Anheuser-Busch InBev?

Bunge Global had a net margin of 1.2% in fiscal 2025; Anheuser-Busch InBev had 11.5% in fiscal 2025.

Which grew revenue faster, Bunge Global or Anheuser-Busch InBev?

In their latest fiscal years revenue changed by +32.4% at Bunge Global and -0.7% at Anheuser-Busch InBev.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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