Anheuser-Busch InBev SA/NV vs Mondelez International, Inc., two Food & Beverage stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
AB InBev brews beer; Mondelez bakes and wraps snacks, and the two carry very different profitability. The brewer keeps 14.29% of revenue as profit against Mondelez's 6.64%, and yields more free cash, 6.53% versus 3.3%. Returns on equity are both soft, BUD's 8.67% against Mondelez's 10.11%, each dragged by decades of acquisition goodwill. Mondelez trades far dearer on earnings, 30.06 times against BUD's 24.68, and higher on book, 3.03 versus 1.76. AB InBev is the bigger enterprise at $171.9B against $78.1B, though both run light on net debt. Beer earns the wider margin here; snacks earn the higher multiple.
Comparison updated 2026-07-11.
| Metric | BUD | MDLZ |
|---|---|---|
| Price | $79.60 | $58.81 |
| Market cap | $160.7B | $75.6B |
| Sector | Food & Beverage | Food & Beverage |
| Stage | Mature | Mature |
| Implied growth (priced in) | — | +9.8% |
| P/E | 23.1 | 29.1 |
| P/B | 1.64 | 2.93 |
| P/S | 2.71 | 1.92 |
| EV/EBITDA | 9.7 | 15.5 |
| Revenue growth | +2.3% | +7.8% |
| Gross margin | 55.9% | 27.8% |
| Operating margin | 26.0% | 8.0% |
| Net margin | 14.3% | 6.6% |
| Return on equity | 8.7% | 10.1% |
| Return on assets | 3.9% | 3.7% |
| Return on invested capital | 11.8% | 10.1% |
| FCF yield | 7.0% | 3.4% |
| Dividend yield | — | 3.3% |
| Debt / equity | 0.00 | 0.11 |
| Current ratio | 0.72 | 0.54 |
| Altman Z (solvency) | 6.77 | 2.13 |
| Piotroski F (quality) | 6 / 9 | 5 / 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.