Anheuser-Busch InBev SA/NV vs DIAGEO plc, two Food & Beverage stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Beer and spirits, both global, both ADRs without net debt. AB InBev keeps a wider 14.29% of revenue as profit than Diageo's 9.08%, but Diageo earns far more on equity, 18.53% against BUD's 8.67%, a gap that reflects how much acquisition goodwill sits on the brewer's books. The market prices Diageo's book higher, 3.39 times against 1.76, and its earnings lower, 19.73 times against BUD's 24.68. Diageo's reported free cash yield of 27.68% looks vast next to BUD's 6.53%, but a figure that far out of range is usually a one-off, so treat it with caution. AB InBev is much larger at $171.9B versus Diageo's $46.4B.
Comparison updated 2026-07-11.
| Metric | BUD | DEO |
|---|---|---|
| Price | $79.60 | $81.96 |
| Market cap | $160.7B | $45.5B |
| Sector | Food & Beverage | Food & Beverage |
| Stage | Mature | Mature |
| P/E | 23.1 | 19.4 |
| P/B | 1.64 | 3.32 |
| P/S | 2.71 | 1.63 |
| EV/EBITDA | 9.7 | 10.0 |
| Revenue growth | +2.3% | +4.2% |
| Gross margin | 55.9% | 43.5% |
| Operating margin | 26.0% | 15.5% |
| Net margin | 14.3% | 9.1% |
| Return on equity | 8.7% | 18.5% |
| Return on assets | 3.9% | 5.0% |
| Return on invested capital | 11.8% | 22.7% |
| FCF yield | 7.0% | 28.2% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 0.72 | 1.60 |
| Altman Z (solvency) | 6.77 | 2.00 |
| Piotroski F (quality) | 6 / 9 | 4 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.