NYSE · Financial Statements

Compania Cervecerias Unidas, S.A. (CCU) Financial Statements

$10.43 NYSE: CCU Market Cap $1.93B

Compania Cervecerias Unidas, S.A. most recently reported annual revenue of $2.77T, net profit of $111.4B. Revenue grew at an average annual rate of 8.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Compania Cervecerias Unidas, S.A.: Revenue rose from $1.56T in 2016 to $2.77T in 2025, a change of +77.5% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 12.3% to 7.3%, a shift of -5.0 percentage points; the most recent year shows net profit of $111.4B.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$1.56T	$1.70T	$1.78T	$1.82T	$1.86T	$2.48T	$2.71T	$2.57T	$2.90T	$2.77T
Operating Expenses	$1.37T	$1.47T	$1.31T	$1.59T	$1.68T	$2.15T	$2.49T	$2.33T	$2.64T	$2.56T
Operating Profit	$192.3B	$227.2B	$472.8B	$234.0B	$175.2B	$330.5B	$218.8B	$240.0B	$262.6B	$203.1B
Operating Margin	12.3%	13.4%	26.5%	12.8%	9.4%	13.3%	8.1%	9.3%	9.0%	7.3%
Other Income	$-22.0B	$-30.7B	$-14.5B	$-48.3B	$-31.6B	$-28.8B	$-83.0B	$-136.8B	$-97.1B	$-98.3B
Interest	$20.3B	$24.2B	$23.6B	$27.7B	$28.7B	$35.7B	$75.9B	$77.0B	$97.2B	$76.0B
Depreciation	$83.5B	$92.2B	$93.2B	$105.0B	$109.8B	$124.1B	$126.5B	$105.2B	$153.3B	$147.7B
Profit Before Tax	$170.3B	$196.5B	$458.2B	$185.6B	$143.6B	$301.7B	$135.7B	$103.2B	$165.5B	$104.8B
Tax	$17.8M	$24.6M	$29.7M	$21.5M	$24.7M	$27.4M	$190,000	$-14.8M	$-6.7M	$-24.5M
Net Profit	$118.5B	$129.6B	$306.9B	$130.1B	$96.2B	$199.2B	$118.2B	$105.7B	$160.9B	$111.4B
EPS	$641.18	$701.52	$1661.10	$704.42	$520.44	$1078.00	$639.60	$571.86	$871.14	$605.78
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$686.7B	$572.6B	$746.0B	$524.6B	$665.8B	$968.1B	$817.7B	$579.9B	$658.6B	$853.4B	$819.5B	$607.8B
Operating Expenses	$630.5B	$495.6B	$656.0B	$527.5B	$636.5B	$822.0B	$733.2B	$606.7B	$618.0B	$747.3B	$727.7B	$628.2B
Operating Profit	$56.1B	$77.0B	$90.0B	$-2.8B	$29.3B	$146.1B	$84.4B	$-26.8B	$40.6B	$106.1B	$91.8B	$-20.4B
Operating Margin	8.2%	13.4%	12.1%	-0.5%	4.4%	15.1%	10.3%	-4.6%	6.2%	12.4%	11.2%	-3.4%
Interest	$25.0M	$16.2B	$19.4B	$21.4B	$27.7B	$28.7B	$20.8B	$10.2B	$20.3B	$20.7B	$18.3B	$16.4B
Profit Before Tax	$8.4B	$30.1B	$69.6B	$-21.1B	$13.6B	$103.4B	$65.2B	$25.2B	$8.4B	$84.3B	$77.3B	$-42.9B
Tax	$-50.1M	$-58.8M	$21.0M	$132.4M	$-140.1M	$20.6M	$5.7M	$144.5M	$-146.8M	$21.3M	$23.6M	$52.2M
Net Profit	$9.5B	$41.7B	$52.2B	$5.0B	$29.5B	$74.2B	$57.8B	$-11.2B	$15.5B	$55.1B	$53.9B	$-20.7B
EPS	$54.50	$225.86	$294.86	$27.28	$159.94	$401.36	$297.54	$-60.80	$83.88	$289.34	$291.60	$-112.10

Over the 10 years reported for Compania Cervecerias Unidas, S.A., borrowings increased from $160.5B in 2016 to $1.33T in 2025, cash stood at $520.7B in the latest year, shareholders' equity was $564.3B, current assets covered current liabilities 1.90 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$1.87T	$1.98T	$2.41T	$3.1B	$3.6B	$2.85T	$3.60T	$3.42T	$3.99T	$3.76T
Current Assets	$681.4B	$730.3B	$941.0B	$1.1B	$1.4B	$1.09T	$1.66T	$1.60T	$1.77T	$1.52T
Cash	$133.8B	$170.0B	$319.0B	$261.0M	$558.0M	$265.6B	$597.1B	$618.2B	$707.1B	$520.7B
Inventory	$207.7B	$210.6B	$236.9B	$332.0M	$343.0M	$366.7B	$498.0B	$441.2B	$477.3B	$449.0B
Receivables	$250.8B	$263.9B	$341.5B	$413.0M	$406.0M	$389.2B	$499.3B	$485.2B	$542.7B	$499.9B
Fixed Assets	$903.8B	$917.9B	$1.02T	$1.5B	$1.6B	$1.25T	$1.39T	$1.31T	$1.57T	$1.51T
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$73.0B	$111.9B	$153.0B	$216.0M	$232.0M	$152.1B	$152.9B	$152.9B	$140.6B	$197.2B
Other Assets	$96.7B	$94.6B	$123.0B	$166.0M	$165.0M	$131.2B	$137.0B	$127.6B	$161.6B	$149.0B
Total Liabilities	$671.3B	$749.4B	$1.02T	$1.2B	$1.6B	$1.42T	$2.16T	$2.09T	$2.32T	$2.14T
Current Liabilities	$442.3B	$468.7B	$645.7B	$643.0M	$734.0M	$781.1B	$797.2B	$687.5B	$860.0B	$797.9B
Borrowings	$160.5B	$189.1B	$270.6B	$424.0M	$707.0M	$573.7B	$1.37T	$1.33T	$1.41T	$1.33T
Other Liabilities	$510.8B	$560.3B	$746.1B	$787.0M	$865.0M	$847.6B	$786.6B	$757.3B	$902.6B	$813.3B
Equity	$562.7B	$562.7B	$562.7B	$748.0M	$792.0M	$562.7B	$562.7B	$562.7B	$562.7B	$564.3B
Reserves	$1.08T	$1.10T	$1.28T	$1.8B	$1.8B	$1.31T	$1.32T	$1.22T	$1.53T	$1.48T

For Compania Cervecerias Unidas, S.A., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $91.9B; free cash flow was positive in 9 of 10 years; financing activities used $6.4B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$190.01T	$262.2B	$306.9B	$242.3B	$280.7B	$293.4B	$45.9B	$294.1B	$287.5B	$227.3B
Investing Cash Flow	$-310.4B	$-299.4B	$-389.9B	$-284.7B	$-263.3B	$-350.8B	$-440.1B	$-266.7B	$-278.4B	$-291.6B
Financing Cash Flow	$-95.23T	$-7.8B	$-48.4B	$1.1B	$362.0M	$-6.1B	$-308.0M	$37.8B	$-8.3B	$-6.4B
Net Cash Flow	$-58.8B	$36.0B	$149.0B	$-122.6B	$200.0B	$-130.8B	$331.5B	$21.1B	$89.0B	$-122.2B
Free Cash Flow	$189.89T	$136.4B	$175.4B	$101.8B	$157.9B	$121.5B	$-157.7B	$164.7B	$127.4B	$91.9B

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.62
EV / EBITDA	8.66
FCF Yield	3.90%
Quick Ratio	1.84
Interest Coverage	3.03
Return 1Y	-3.40%
Return 3Y	-26.86%
Return 5Y	-28.67%

Compania Cervecerias Unidas, S.A. (CCU) financials — frequently asked questions

What is Compania Cervecerias Unidas, S.A.'s annual revenue?

Compania Cervecerias Unidas, S.A. (CCU) reported annual revenue of $2.77T in its most recent fiscal year.

What is Compania Cervecerias Unidas, S.A.'s net profit?

Compania Cervecerias Unidas, S.A. (CCU) reported net profit of $111.4B in its most recent fiscal year.

What is CCU EV/EBITDA?

Compania Cervecerias Unidas, S.A.'s enterprise value to EBITDA (EV/EBITDA) ratio is 8.66.

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