Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Beverages - Brewers Stocks

Beverages - Brewers: Anheuser-Busch InBev SA/NV owns the largest revenue base AND the fastest current growth.

The industry itself · before any single company

How has Beverages - Brewers moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 44% behind S&P 500. Earnings across its companies fell 1% on average over the last four reported quarters.

BASING · 1y −13.3%~Price down, no fundamental support1 of 7 companies ahead of S&P 500 by 5% or more over three months

RS — · 3/7 >200d (+0) · 1/7 lead (+1) · EPS 4/7↑

200202620252024202320222021 144348 TRAILING 12-MONTH EPS · 100 AT THE START0100123Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingJun 2022 · trailing 12-month earnings per share at 97, against 100 at the start · no comparable year yet · 6 reportingSep 2022 · trailing 12-month earnings per share at 84, against 100 at the start · no comparable year yet · 6 reportingDec 2022 · trailing 12-month earnings per share at 74, against 100 at the start · no comparable year yet · 6 reportingMar 2023 · trailing 12-month earnings per share at 68, against 100 at the start · down 20.7% on a year ago · 6 reportingJun 2023 · trailing 12-month earnings per share at 71, against 100 at the start · down 26.7% on a year ago · 6 reportingSep 2023 · trailing 12-month earnings per share at 95, against 100 at the start · up 14.4% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 98, against 100 at the start · down 4.7% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 105, against 100 at the start · down 0.9% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 12.8% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 89, against 100 at the start · up 3.8% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 105, against 100 at the start · up 9.8% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 104, against 100 at the start · down 0.4% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 90, against 100 at the start · down 7.1% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 95, against 100 at the start · up 6.0% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 95, against 100 at the start · up 8.4% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 123, against 100 at the start · down 13.0% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two123 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200202620252024202320222021 144348 TRAILING 12-MONTH EPS · 100 AT THE START0100123Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingJun 2022 · trailing 12-month earnings per share at 97, against 100 at the start · no comparable year yet · 6 reportingSep 2022 · trailing 12-month earnings per share at 84, against 100 at the start · no comparable year yet · 6 reportingDec 2022 · trailing 12-month earnings per share at 74, against 100 at the start · no comparable year yet · 6 reportingMar 2023 · trailing 12-month earnings per share at 68, against 100 at the start · down 20.7% on a year ago · 6 reportingJun 2023 · trailing 12-month earnings per share at 71, against 100 at the start · down 26.7% on a year ago · 6 reportingSep 2023 · trailing 12-month earnings per share at 95, against 100 at the start · up 14.4% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 98, against 100 at the start · down 4.7% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 105, against 100 at the start · down 0.9% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 12.8% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 89, against 100 at the start · up 3.8% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 105, against 100 at the start · up 9.8% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 104, against 100 at the start · down 0.4% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 90, against 100 at the start · down 7.1% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 95, against 100 at the start · up 6.0% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 95, against 100 at the start · up 8.4% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 123, against 100 at the start · down 13.0% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two123No earnings on file this far back — the price series reaches further than the filings do
Beverages - Brewers, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together1 of 7 stocks moving
Fresh1 crossed in the last 4 weeks
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/20
Mid 1/2+1
Small 0/30

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 7 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Beverages - Brewers outperforming S&P 500?

Beverages - Brewers has underperformed S&P 500 by 6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 2%. 1 of 4 covered companies currently beats the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Anheuser-Busch InBev SA/NV is the strongest against the sector itself at +14.2%.

-2.0%Sector vs S&P 500 · 13 weeks
-6.0%Sector vs S&P 500 · 52 weeks
1/4Stocks leading S&P 500
1/4Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Beverages - Brewers has underperformed S&P 500 by 6% over 52 weeks and 2% over 13 weeks. 1 of 4 covered companies beat the S&P 500 on Mansfield relative strength, while 1 of 4 beat the sector itself. Anheuser-Busch InBev SA/NV leads with revenue of $60,959 million, based on 3 of 4 comparable companies through Mar 2026.

Is the Beverages - Brewers sector outperforming S&P 500?

Beverages - Brewers has underperformed S&P 500 by 6% over 52 weeks and 2% over 13 weeks. 1 of 4 covered companies beat the S&P 500 on Mansfield relative strength, while 1 of 4 beat the sector itself.

Which Beverages - Brewers company is largest by revenue?

Anheuser-Busch InBev SA/NV leads with revenue of $60,959 million, based on 3 of 4 comparable companies through Mar 2026.

Which Beverages - Brewers company is growing fastest?

Anheuser-Busch InBev SA/NV has the fastest current revenue growth at 3.6%, across 3 of 4 comparable companies.

Which Beverages - Brewers company has the strongest 4-Factor Sector Score?

Anheuser-Busch InBev SA/NV ranks first at 54.2/100 with 79% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Beverages - Brewers company reports the most CAPEX?

Anheuser-Busch InBev SA/NV reports the largest latest CAPEX at $1,126 million, with 4 of 4 companies comparable.

Which Beverages - Brewers company has the least gross debt?

The Boston Beer Company, Inc. has the lowest comparable gross debt at $32 million. Anheuser-Busch InBev SA/NV has the highest at $73,027 million.

Which Beverages - Brewers company has the lowest comparable PEG?

Anheuser-Busch InBev SA/NV has the lowest comparable Guarded PEG at 3.11, among 1 of 4 companies that pass the metric’s comparability rules.

How much history does this Beverages - Brewers comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
4
complete canonical membership
Combined market value
$195.6B
Anheuser-Busch InBev SA/NV
Revenue growing
1/3
positive TTM year-on-year growth
Beating S&P 500
1/4
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Anheuser-Busch InBev SA/NV has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 79% evidence confidence.
Anheuser-Busch InBev SA/NV has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Anheuser-Busch InBev SA/NV · BUD

54.2/100 · Mixed-positive evidence · 79% evidence

Exact sum: 17.4 + 11.8 + 5 + 20 = 54.2

Decision use: Price leads the evidence: RS versus the benchmark is 10.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

17.4/35Growth & earnings

Revenue 3.6% · PAT 5.1% · OPM change 1.1 pp

83% evidence

11.8/25Capital efficiency

ROCE 4.6% · debt/equity 0.75×

80% evidence

5.0/20Valuation

P/E 19× · PEG 3.11

50% evidence

20.0/20Relative strength

RS sector 14.2% · RS bench 10.5% · 1Y 45.7%

100% evidence

2. Molson Coors Beverage Company · TAP

40.4/100 · Mixed-negative evidence · 69% evidence

Exact sum: 14.5 + 9.9 + 10 + 6 = 40.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.5/35Growth & earnings

Revenue -8.7% · PAT -264.8% · OPM change 2.9 pp

83% evidence

9.9/25Capital efficiency

ROCE 1.8% · debt/equity 0.6×

80% evidence

10.0/20Valuation

P/E 9.3× · PEG —

0% evidence

6.0/20Relative strength

RS sector -10.2% · RS bench -13.3% · 1Y -11.8%

100% evidence

3. Constellation Brands, Inc. · STZ

38.4/100 · Mixed-negative evidence · 65% evidence

Exact sum: 18.8 + 9.6 + 10 + 0 = 38.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.8/35Growth & earnings

Revenue -10% · PAT — · OPM change 6.3 pp

71% evidence

9.6/25Capital efficiency

ROCE 4.5% · debt/equity 1.23×

80% evidence

10.0/20Valuation

P/E 13.2× · PEG —

0% evidence

0.0/20Relative strength

RS sector -13% · RS bench -16.1% · 1Y -20.6%

100% evidence

4. The Boston Beer Company, Inc. · SAM

31.3/100 · Thin evidence · provisional · 56% evidence

Exact sum: 13.2 + 8.1 + 10 + 0 = 31.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.2/35Growth & earnings

Revenue — · PAT — · OPM change -51.3 pp

45% evidence

8.1/25Capital efficiency

ROCE 8% · debt/equity 0.04×

80% evidence

10.0/20Valuation

P/E 19.9× · PEG —

0% evidence

0.0/20Relative strength

RS sector -15% · RS bench -18.1% · 1Y -11.4%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Anheuser-Busch InBev SA/NV has the highest Revenue among the 4 Beverages - Brewers companies compared here, at $60,959 million. Constellation Brands, Inc. is next at $9,057 million. The same company also holds the highest Revenue growth, at 3.6%. 3 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Anheuser-Busch InBev SA/NV is the scale leader at $60,959 million, 573.1% ahead of Constellation Brands, Inc.. Anheuser-Busch InBev SA/NV's growth is 3.6% from a $60,959 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAnheuser-Busch InBev SA/NV · $60,959 million
Gap573.1% versus #2 · Constellation Brands, Inc.
Persistence5/8 recent comparable periods
Coverage3/4 companies · 76 observations

Investor read: Anheuser-Busch InBev SA/NV is the scale benchmark; Anheuser-Busch InBev SA/NV is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Anheuser-Busch InBev SA/NV's growth falls below Anheuser-Busch InBev SA/NV's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Anheuser-Busch InBev SA/NV BUD$61.0B
2Constellation Brands, Inc. STZ$9.1B
3Molson Coors Beverage Company TAP$8.9B
Revenue growthfastest growers
1Anheuser-Busch InBev SA/NV BUD3.6%
2Molson Coors Beverage Company TAP-8.7%
3Constellation Brands, Inc. STZ-10.0%
Revenue · company comparison
3/4 level · 3/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Anheuser-Busch InBev SA/NV BUD$15.3B12%Mar 2026
Constellation Brands, Inc. STZ$2.4B-3.3%Jun 2026
Molson Coors Beverage Company TAP$2.4B2.0%Mar 2026
The Boston Beer Company, Inc. SAM$434M-4.4%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

$14.3B
$14.2B
$13.2B
$14.8B
$15.1B
$14.7B
$14.2B
$15.1B
$15.6B
$14.5B
$14.5B
$15.3B
$15.0B
$14.8B
$13.6B
$15.0B
$15.1B
$15.6B
$15.3B

Constellation Brands, Inc. · STZ

$2.4B
$2.3B
$2.1B
$2.4B
$2.7B
$2.4B
$2.0B
$2.5B
$2.8B
$2.5B
$2.1B
$2.7B
$2.9B
$2.5B
$2.2B
$2.5B
$2.5B
$2.2B
$1.9B
$2.4B

Molson Coors Beverage Company · TAP

$2.2B
$4.2B
$1.8B
$2.3B
$2.1B
$4.9B
$1.7B
$2.5B
$2.4B
$2.1B
$1.9B
$3.3B
$2.2B
$1.9B
$2.3B
$2.4B
$2.1B
$2.0B
$2.4B

The Boston Beer Company, Inc. · SAM

$562M
$348M
$430M
$616M
$596M
$448M
$410M
$603M
$394M
$426M
$579M
$605M
$402M
$454M
$588M
$537M
$386M
$434M

Revenue growth · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

9.3%
5.7%
3.3%
7.4%
2.2%
3.2%
-1.3%
2.4%
1.4%
-3.4%
2.5%
-6.3%
-2.2%
0.6%
4.8%
12%

Constellation Brands, Inc. · STZ

12%
5.0%
-5.0%
6.4%
6.9%
1.4%
7.1%
5.8%
2.9%
-0.3%
1.2%
-5.5%
-15%
-9.8%
-11%
-3.3%

Molson Coors Beverage Company · TAP

-4.3%
-4.6%
15%
-2.1%
8.7%
14%
-57%
11%
32%
-7.3%
-9.5%
20%
-28%
-5.1%
6.4%
2.0%

The Boston Beer Company, Inc. · SAM

2.2%
6.1%
29%
-33%
1.2%
-12%
41%
0.3%
2.0%
6.6%
1.6%
-11%
-4.0%
-4.4%
02 · compare level, then change

Operating Economics & Margin Trend

Constellation Brands, Inc. has the highest OPM among the 4 Beverages - Brewers companies compared here, at 34.7%. Anheuser-Busch InBev SA/NV is next at 27.1%. The same company also holds the highest Margin change, at +6.3 percentage points. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Constellation Brands, Inc. leads both opm at 34.7% and margin change at +6.3 percentage points.

LeaderConstellation Brands, Inc. · 34.7%
Gap28% versus #2 · Anheuser-Busch InBev SA/NV
Persistence3/8 recent comparable periods
Coverage4/4 companies · 76 observations

Investor read: Constellation Brands, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Constellation Brands, Inc. STZ35%
2Anheuser-Busch InBev SA/NV BUD27%
3Molson Coors Beverage Company TAP11%
4The Boston Beer Company, Inc. SAM-44%
Margin changefastest expanders
1Constellation Brands, Inc. STZ+6.3 pp
2Molson Coors Beverage Company TAP+2.9 pp
3Anheuser-Busch InBev SA/NV BUD+1.1 pp
4The Boston Beer Company, Inc. SAM−51.3 pp
Operating margin · company comparison
4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Constellation Brands, Inc. STZ35%+6.3 ppJun 2026
Anheuser-Busch InBev SA/NV BUD27%+1.1 ppMar 2026
Molson Coors Beverage Company TAP11%+2.9 ppMar 2026
The Boston Beer Company, Inc. SAM-44%−51.3 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

28%
23%
24%
26%
26%
25%
24%
23%
24%
23%
25%
25%
26%
28%
26%
26%
28%
23%
27%

Constellation Brands, Inc. · STZ

31%
36%
32%
35%
31%
31%
23%
30%
35%
32%
29%
35%
-42%
32%
-6.9%
28%
35%
31%
23%
35%

Molson Coors Beverage Company · TAP

19%
10%
10%
3.9%
11%
-7.1%
6.7%
15%
18%
7.1%
12%
18%
15%
14%
8.1%
18%
-115%
12%
11%

The Boston Beer Company, Inc. · SAM

-14%
-21%
-0.5%
12%
6.4%
-3.8%
-3.4%
13%
-6.6%
3.6%
12%
7.6%
-14%
7.4%
14%
12%
-8.6%
-44%

Margin change · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

−34.6 pp
−1.9 pp
+1.3 pp
+0.1 pp
−2.5 pp
−2.2 pp
−1.7 pp
+0.5 pp
+1.7 pp
+2.8 pp
+4.6 pp
+1.2 pp
+1.5 pp
+1.8 pp
−4.2 pp
+1.1 pp

Constellation Brands, Inc. · STZ

−0.6 pp
−5.6 pp
−8.8 pp
−4.1 pp
+3.9 pp
+1.7 pp
+6.0 pp
+5.0 pp
−76.6 pp
−0.1 pp
−36.3 pp
−7.0 pp
+77.3 pp
−1.1 pp
+29.9 pp
+6.3 pp

Molson Coors Beverage Company · TAP

−15.9 pp
−7.6 pp
−17.4 pp
−3.4 pp
+11.1 pp
+6.8 pp
+14.2 pp
+5.4 pp
+3.4 pp
−3.2 pp
+7.1 pp
−4.0 pp
−0.2 pp
−130.2 pp
−2.0 pp
+2.9 pp

The Boston Beer Company, Inc. · SAM

−1.7 pp
+19.9 pp
+17.2 pp
−15.0 pp
+6.6 pp
−2.8 pp
+15.6 pp
−5.4 pp
−7.3 pp
+3.8 pp
+1.8 pp
+3.9 pp
+5.3 pp
−51.3 pp
03 · compare level, then change

Profit Scale & Acceleration

Anheuser-Busch InBev SA/NV has the highest Net profit among the 4 Beverages - Brewers companies compared here, at $8,910 million. Constellation Brands, Inc. is next at $1,905 million. The same company also holds the highest Profit growth, at 5.1%. 3 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Anheuser-Busch InBev SA/NV leads with $8,910 million of TTM profit, 367.7% above Constellation Brands, Inc.. Anheuser-Busch InBev SA/NV shows 5.1% growth from a $8,910 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAnheuser-Busch InBev SA/NV · $8,910 million
Gap367.7% versus #2 · Constellation Brands, Inc.
Persistence6/8 recent comparable periods
Coverage3/4 companies · 76 observations

Investor read: Anheuser-Busch InBev SA/NV sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Anheuser-Busch InBev SA/NV BUD$8.9B
2Constellation Brands, Inc. STZ$1.9B
3Molson Coors Beverage Company TAP$-1.5B
Profit growthfastest growers
1Anheuser-Busch InBev SA/NV BUD5.1%
2Molson Coors Beverage Company TAP-265%
Net profit · company comparison
3/4 level · 2/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Anheuser-Busch InBev SA/NV BUD$3.0B17%Mar 2026
Constellation Brands, Inc. STZ$672M28%Jun 2026
Molson Coors Beverage Company TAP$150M22%Mar 2026
The Boston Beer Company, Inc. SAM$-145M-704%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

$695M
$2.3B
$499M
$2.0B
$1.8B
$3.3B
$2.0B
$607M
$2.0B
$2.3B
$1.5B
$1.8B
$2.5B
$1.7B
$2.5B
$2.0B
$1.5B
$2.4B
$3.0B

Constellation Brands, Inc. · STZ

$12M
$481M
$406M
$399M
$-1.1B
$480M
$223M
$139M
$701M
$521M
$404M
$893M
$-1.2B
$629M
$-371M
$524M
$486M
$522M
$225M
$672M

Molson Coors Beverage Company · TAP

$358M
$279M
$110M
$37M
$158M
$-478M
$54M
$261M
$318M
$80M
$155M
$425M
$169M
$205M
$123M
$312M
$-2.1B
$128M
$150M

The Boston Beer Company, Inc. · SAM

$-58M
$-52M
$-2M
$53M
$27M
$-11M
$-9M
$58M
$-18M
$13M
$52M
$34M
$-39M
$24M
$60M
$46M
$-23M
$-145M

Profit growth · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

-9.5%
163%
41%
310%
-69%
7.7%
-31%
-27%
188%
27%
-26%
71%
16%
-38%
41%
17%

Constellation Brands, Inc. · STZ

-9,608%
-0.2%
-45%
-65%
8.5%
81%
542%
-269%
21%
-192%
-41%
-17%
28%

Molson Coors Beverage Company · TAP

-88%
-56%
-271%
-51%
605%
101%
187%
63%
-47%
156%
-21%
-27%
-1,348%
-38%
22%

The Boston Beer Company, Inc. · SAM

-10%
-117%
115%
-41%
85%
15%
35%
-704%
04 · compare level, then change

Capacity Spending & Returns On It

Anheuser-Busch InBev SA/NV has the highest CAPEX among the 4 Beverages - Brewers companies compared here, at $1,126 million. Molson Coors Beverage Company is next at $232 million. Molson Coors Beverage Company has the highest CAPEX intensity at 9.9%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Anheuser-Busch InBev SA/NV reports $1,126 million of CAPEX; Molson Coors Beverage Company has the highest covered intensity at 9.9%. Coverage is only 4 of 4 companies and 76 reported observations, so this is partial evidence—not a complete sector rank.

LeaderAnheuser-Busch InBev SA/NV · $1,126 million
Gap385.3% versus #2 · Molson Coors Beverage Company
Persistence8/8 recent comparable periods
Coverage4/4 companies · 76 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Anheuser-Busch InBev SA/NV BUD$1.1B
2Molson Coors Beverage Company TAP$232M
3Constellation Brands, Inc. STZ$177M
4The Boston Beer Company, Inc. SAM$11M
CAPEX intensityhighest reinvestment intensity
1Molson Coors Beverage Company TAP9.9%
2Constellation Brands, Inc. STZ7.3%
3Anheuser-Busch InBev SA/NV BUD7.2%
4The Boston Beer Company, Inc. SAM2.8%
Capital expenditure · company comparison
4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Anheuser-Busch InBev SA/NV BUD$1.1B7.2%Mar 2026
Molson Coors Beverage Company TAP$232M9.9%Mar 2026
Constellation Brands, Inc. STZ$177M7.3%Jun 2026
The Boston Beer Company, Inc. SAM$11M2.8%Jun 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

$1.7B
$1.7B
$1.0B
$1.0B
$1.6B
$1.6B
$1.1B
$1.1B
$1.3B
$1.3B
$868M
$868M
$1.1B
$1.1B
$702M
$702M
$1.1B
$1.1B

Constellation Brands, Inc. · STZ

$240M
$245M
$428M
$197M
$238M
$249M
$352M
$277M
$305M
$330M
$357M
$375M
$328M
$228M
$283M
$193M
$217M
$246M
$219M
$177M

Molson Coors Beverage Company · TAP

$115M
$236M
$195M
$107M
$82M
$278M
$134M
$119M
$111M
$308M
$159M
$128M
$129M
$258M
$237M
$130M
$89M
$333M
$232M

The Boston Beer Company, Inc. · SAM

$37M
$27M
$24M
$27M
$20M
$20M
$17M
$17M
$15M
$16M
$20M
$17M
$24M
$10M
$14M
$13M
$18M
$12M
$11M

CAPEX intensity · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

12%
12%
7.6%
6.8%
11%
11%
7.4%
7.0%
8.1%
8.7%
6.0%
5.7%
7.1%
7.2%
5.2%
4.7%
7.4%
7.2%

Constellation Brands, Inc. · STZ

10%
11%
20%
8.3%
9.0%
10%
18%
11%
11%
13%
17%
14%
11%
9.3%
13%
7.7%
8.7%
11%
11%
7.3%

Molson Coors Beverage Company · TAP

5.2%
5.6%
11%
4.7%
3.9%
5.7%
7.7%
4.8%
4.6%
15%
8.3%
3.9%
5.7%
14%
10%
5.5%
4.2%
16%
9.9%

The Boston Beer Company, Inc. · SAM

6.6%
7.8%
5.6%
4.4%
3.4%
4.5%
4.1%
2.8%
3.8%
3.8%
3.5%
2.8%
6.0%
2.2%
2.4%
2.4%
4.7%
2.8%
Annual capital allocation · 5-year view
4/4 capacity base · 4/4 OCF · 4/4 CAPEX · 4/4 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Operating cash flow · fiscal-year history

CAPEX · reported cash flow · fiscal-year history

Free cash flow · fiscal-year history

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

The Boston Beer Company, Inc. has the lowest Gross debt among the 4 Beverages - Brewers companies compared here, at $32 million. Molson Coors Beverage Company is next at $6,272 million. The same company also holds the lowest Net debt, at $234 million net cash. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: The Boston Beer Company, Inc. has the clearest covered balance-sheet capacity with $234 million net cash and gross debt of $32 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderThe Boston Beer Company, Inc. · $32 million
Gap99.5% versus #2 · Molson Coors Beverage Company
Persistence8/8 recent comparable periods
Coverage4/4 companies · 76 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1The Boston Beer Company, Inc. SAM$32M
2Molson Coors Beverage Company TAP$6.3B
3Constellation Brands, Inc. STZ$10.5B
4Anheuser-Busch InBev SA/NV BUD$73.0B
Net debtlowest net debt
1The Boston Beer Company, Inc. SAM$-234M
2Molson Coors Beverage Company TAP$5.9B
3Constellation Brands, Inc. STZ$10.4B
4Anheuser-Busch InBev SA/NV BUD$61.1B
Debt and balance-sheet capacity · company comparison
4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Anheuser-Busch InBev SA/NV BUD$73.0B$61.1BMar 2026
Constellation Brands, Inc. STZ$10.5B$10.4BJun 2026
Molson Coors Beverage Company TAP$6.3B$5.9BMar 2026
The Boston Beer Company, Inc. SAM$32M$-234MJun 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

$88.8B
$88.8B
$83.4B
$83.4B
$80.0B
$80.0B
$80.9B
$80.9B
$78.2B
$78.2B
$78.2B
$78.2B
$72.2B
$72.2B
$75.6B
$75.6B
$73.0B
$73.0B

Constellation Brands, Inc. · STZ

$10.6B
$10.3B
$10.4B
$11.0B
$11.0B
$12.2B
$12.5B
$12.4B
$11.7B
$11.7B
$11.9B
$11.9B
$11.6B
$11.6B
$11.5B
$11.6B
$10.5B
$10.7B
$10.6B
$10.5B

Molson Coors Beverage Company · TAP

$7.2B
$9.1B
$7.3B
$6.8B
$6.6B
$8.9B
$6.6B
$6.6B
$6.2B
$8.2B
$6.2B
$7.1B
$6.2B
$8.8B
$6.2B
$6.3B
$6.3B
$8.6B
$6.3B

The Boston Beer Company, Inc. · SAM

$63M
$61M
$75M
$58M
$56M
$54M
$52M
$50M
$45M
$43M
$40M
$38M
$36M
$47M
$44M
$41M
$38M
$35M
$32M

Net debt · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

$76.4B
$76.4B
$76.1B
$76.1B
$69.9B
$69.9B
$74.0B
$74.0B
$67.8B
$67.8B
$70.6B
$70.6B
$60.8B
$60.8B
$68.2B
$68.2B
$61.1B
$61.1B

Constellation Brands, Inc. · STZ

$10.5B
$10.0B
$10.2B
$10.9B
$10.8B
$12.0B
$12.3B
$12.2B
$11.6B
$11.6B
$11.7B
$11.8B
$11.5B
$11.5B
$11.4B
$11.5B
$10.5B
$10.5B
$10.5B
$10.4B

Molson Coors Beverage Company · TAP

$6.6B
$8.2B
$7.0B
$6.4B
$6.1B
$8.1B
$6.3B
$5.7B
$5.4B
$7.1B
$5.8B
$5.4B
$5.2B
$7.4B
$5.8B
$5.7B
$5.3B
$7.4B
$5.9B

The Boston Beer Company, Inc. · SAM

$-24M
$34M
$59M
$-80M
$-166M
$-127M
$-71M
$-158M
$-253M
$-162M
$-179M
$-218M
$-176M
$-105M
$-168M
$-209M
$-185M
$-129M
$-234M
06 · compare level, then change

Return On Capital Employed

The Boston Beer Company, Inc. has the highest ROCE among the 4 Beverages - Brewers companies compared here, at 8%. Anheuser-Busch InBev SA/NV is next at 4.6%. Anheuser-Busch InBev SA/NV has the highest ROCE change at +2.6 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: The Boston Beer Company, Inc. leads ROCE at 8%, 3.4 percentage points above Anheuser-Busch InBev SA/NV. Anheuser-Busch InBev SA/NV has the strongest latest improvement at +2.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderThe Boston Beer Company, Inc. · 8%
Gap73.9% versus #2 · Anheuser-Busch InBev SA/NV
Persistence5/8 recent comparable periods
Coverage4/4 companies · 76 observations

Investor read: The Boston Beer Company, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1The Boston Beer Company, Inc. SAM8.0%
2Anheuser-Busch InBev SA/NV BUD4.6%
3Constellation Brands, Inc. STZ4.5%
4Molson Coors Beverage Company TAP1.8%
ROCE changefastest improvers
1Anheuser-Busch InBev SA/NV BUD+2.6 pp
2Constellation Brands, Inc. STZ+1.1 pp
3Molson Coors Beverage Company TAP+0.6 pp
4The Boston Beer Company, Inc. SAM+0.4 pp
Return on capital · company comparison
4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
The Boston Beer Company, Inc. SAM8.0%+0.4 ppJun 2026
Anheuser-Busch InBev SA/NV BUD4.6%+2.6 ppMar 2026
Constellation Brands, Inc. STZ4.5%+1.1 ppJun 2026
Molson Coors Beverage Company TAP1.8%+0.6 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

2.1%
1.8%
1.7%
4.5%
2.1%
2.0%
1.9%
1.9%
2.0%
1.8%
2.0%
2.1%
2.2%
2.3%
2.0%
2.2%
2.4%
2.0%
4.6%

Constellation Brands, Inc. · STZ

3.4%
2.8%
3.4%
3.6%
3.3%
2.1%
3.4%
4.5%
3.7%
2.8%
4.2%
-5.8%
3.9%
-0.7%
3.4%
4.5%
3.5%
2.4%
4.5%

Molson Coors Beverage Company · TAP

2.2%
1.8%
0.9%
0.4%
1.4%
-1.5%
0.7%
2.1%
2.6%
0.7%
1.4%
3.6%
2.0%
1.2%
1.2%
2.5%
-17%
1.1%
1.8%

The Boston Beer Company, Inc. · SAM

-6.7%
-6.5%
-0.2%
5.9%
3.2%
-1.4%
-1.2%
6.5%
-2.1%
1.3%
5.9%
3.9%
-5.0%
3.1%
7.6%
5.9%
-3.4%
-22%
8.0%

ROCE change · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

0.0 pp
+0.2 pp
+0.2 pp
−2.6 pp
−0.1 pp
−0.2 pp
+0.1 pp
+0.2 pp
+0.2 pp
+0.5 pp
0.0 pp
+0.1 pp
+0.2 pp
−0.3 pp
+2.6 pp

Constellation Brands, Inc. · STZ

−0.1 pp
−0.7 pp
0.0 pp
+0.9 pp
+0.4 pp
+0.7 pp
+0.8 pp
−10.3 pp
+0.2 pp
−3.5 pp
−0.8 pp
+10.3 pp
−0.4 pp
+3.1 pp
+1.1 pp

Molson Coors Beverage Company · TAP

−0.8 pp
−3.3 pp
−0.2 pp
+1.7 pp
+1.2 pp
+2.2 pp
+0.7 pp
+1.5 pp
−0.6 pp
+0.5 pp
−0.2 pp
−1.1 pp
−18.8 pp
−0.1 pp
+0.6 pp

The Boston Beer Company, Inc. · SAM

+9.9 pp
+5.1 pp
−7.1 pp
+3.3 pp
−0.7 pp
+7.1 pp
−2.6 pp
−2.9 pp
+1.8 pp
+1.7 pp
+2.0 pp
+1.6 pp
−25.2 pp
+0.4 pp
07 · compare level, then change

Valuation Against Growth & Quality

Anheuser-Busch InBev SA/NV has the lowest Guarded PEG among the 4 Beverages - Brewers companies compared here, at 3.11×. Molson Coors Beverage Company has the lowest P/E at 9.29×, so level and change sit with different companies. 1 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Anheuser-Busch InBev SA/NV has the lowest comparable Guarded PEG at 3.11×. Only 1 of 4 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAnheuser-Busch InBev SA/NV · 3.11×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/4 companies · 9 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Anheuser-Busch InBev SA/NV BUD3.1
P/Elowest P/E
1Molson Coors Beverage Company TAP9.3
2Constellation Brands, Inc. STZ13.2
3Anheuser-Busch InBev SA/NV BUD19.0
4The Boston Beer Company, Inc. SAM19.9
Valuation · company comparison
1/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Anheuser-Busch InBev SA/NV BUD3.119.0Mar 2026
The Boston Beer Company, Inc. SAM1.019.9Jun 2026
Molson Coors Beverage Company TAP0.59.3Mar 2026
Constellation Brands, Inc. STZ13.3Jun 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

0.3
0.8
1.8
0.4
0.9
1.0
3.1

Molson Coors Beverage Company · TAP

0.5

The Boston Beer Company, Inc. · SAM

1.0

P/E · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

22.7
26.6
28.9
27.8
17.9
20.6
17.9
18.3
17.7
24.9
25.5
19.8
20.5
17.5
17.8
19.3
19.5
18.9
19.0

Constellation Brands, Inc. · STZ

37.1
793.7
735.3
31.7
28.5
26.5
18.7
77.9
64.8
23.6
21.5
16.4
13.3

Molson Coors Beverage Company · TAP

10.0
10.8
16.5
22.2
436.1
56.9
14.0
13.6
9.4
12.9
10.7
12.7
9.3

The Boston Beer Company, Inc. · SAM

65.2
490.4
148.4
60.6
67.6
58.5
55.7
38.1
39.8
41.6
59.5
39.7
27.2
25.5
19.9
08 · compare level, then change

Enterprise Value & Book Value

Molson Coors Beverage Company has the lowest EV/EBITDA among the 4 Beverages - Brewers companies compared here, at 6.4×. Anheuser-Busch InBev SA/NV is next at 8.76×. The same company also holds the lowest P/BV, at 1.3×. 4 of 4 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 15 reported observations across the 20-quarter window.

What the numbers say: Molson Coors Beverage Company leads both ev/ebitda at 6.4× and p/bv at 1.3×.

LeaderMolson Coors Beverage Company · 6.4×
Gap26.9% versus #2 · Anheuser-Busch InBev SA/NV
Persistence0/8 recent comparable periods
Coverage4/4 companies · 70 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Molson Coors Beverage Company TAP6.4
2Anheuser-Busch InBev SA/NV BUD8.8
3Constellation Brands, Inc. STZ10.6
4The Boston Beer Company, Inc. SAM229.6
P/BVlowest P/BV
1Molson Coors Beverage Company TAP1.3
2Anheuser-Busch InBev SA/NV BUD1.4
3The Boston Beer Company, Inc. SAM2.8
4Constellation Brands, Inc. STZ2.9
Enterprise and book valuation · company comparison
4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
The Boston Beer Company, Inc. SAM229.62.8Jun 2026
Constellation Brands, Inc. STZ10.62.9Jun 2026
Anheuser-Busch InBev SA/NV BUD8.81.4Mar 2026
Molson Coors Beverage Company TAP6.41.3Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

10.4
11.1
5.6
5.2
4.6
10.3
5.8
10.2
9.6
10.7
10.4
9.8
10.0
8.1
9.7
10.2
8.8
9.3
8.8

Constellation Brands, Inc. · STZ

20.9
19.3
16.6
16.1
17.5
16.6
17.9
17.8
16.3
16.0
15.3
35.3
35.0
53.7
76.4
14.7
13.6
12.1
10.6

Molson Coors Beverage Company · TAP

7.5
7.6
8.9
9.7
20.8
19.2
16.3
13.6
10.1
9.7
6.8
7.7
8.3
8.2
6.4

The Boston Beer Company, Inc. · SAM

32.6
77.7
1,197.5
32.6
22.8
24.4
21.1
20.9
15.9
16.0
15.4
19.0
13.7
9.7
9.9
8.0
229.6

P/BV · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

1.6
1.8
1.7
1.5
1.2
1.7
1.7
1.5
1.3
1.6
1.6
1.5
1.7
1.3
1.5
1.7
1.3
1.4

Constellation Brands, Inc. · STZ

3.8
3.5
4.1
4.8
5.7
4.9
5.2
5.1
4.6
4.7
4.5
5.6
5.6
4.5
4.3
3.8
3.1
3.4
2.9

Molson Coors Beverage Company · TAP

0.8
1.1
1.1
1.1
0.8
1.1
1.4
1.3
0.9
1.4
1.0
1.2
0.9
1.5
0.9
1.2
0.8
1.3

The Boston Beer Company, Inc. · SAM

6.1
6.3
4.8
4.0
3.6
3.8
3.9
3.5
3.9
3.5
3.5
3.2
3.7
3.0
2.3
2.5
2.4
3.5
2.8
09 · let price answer last

Market action

Anheuser-Busch InBev SA/NV has the strongest one-year price move in Beverages - Brewers at +45.7%. It also leads on Mansfield relative strength against the S&P 500 at +10.5%. 1 of 4 covered companies is above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Beverages - Brewers comparison names 5 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 8 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • Thin comparisons: Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 4 companies in the canonical Beverages - Brewers membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Anheuser-Busch InBev SA/NV BUD20/26 WEEKS$163.2B$83.22026-07-28Mar 2026
Constellation Brands, Inc. STZ$22.5B$1322026-07-28Jun 2026
Molson Coors Beverage Company TAP$8.0B$42.52026-07-28Mar 2026
The Boston Beer Company, Inc. SAM$1.9B$1862026-07-28Jun 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 4 Beverages - Brewers companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Beverages - Brewers company comparison FAQs

These 17 answers restate the Beverages - Brewers comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Beverages - Brewers company is the biggest?

Anheuser-Busch InBev SA/NV is the largest, with trailing-twelve-month revenue of $60,959 million, ahead of Constellation Brands, Inc. at $9,057 million. That covers 3 of 4 companies with comparable reporting through Mar 2026.

Which Beverages - Brewers company is growing fastest?

Anheuser-Busch InBev SA/NV has the fastest revenue growth at 3.6% year on year, across 3 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Beverages - Brewers company has the best profit margins?

Constellation Brands, Inc. has the highest operating margin at 34.7%, from 4 of 4 comparable companies. Constellation Brands, Inc. shows the biggest recent improvement, at +6.3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Beverages - Brewers company makes the most profit?

Anheuser-Busch InBev SA/NV earns the most, at $8,910 million of trailing-twelve-month net profit, from 3 of 4 comparable companies. Anheuser-Busch InBev SA/NV has the fastest profit growth at 5.1%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Beverages - Brewers company earns the highest return on capital?

The Boston Beer Company, Inc. leads on return on capital employed at 8%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Beverages - Brewers stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Anheuser-Busch InBev SA/NV screens cheapest at 3.11×. Only 1 of 4 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Beverages - Brewers company has the strongest balance sheet?

The Boston Beer Company, Inc. carries the lowest comparable gross debt at $32 million, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Beverages - Brewers company is investing most in new capacity?

Anheuser-Busch InBev SA/NV reports the largest capital spending at $1,126 million, across 4 of 4 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Beverages - Brewers sector beating the market?

Beverages - Brewers has underperformed S&P 500 by 6% over the last 52 weeks and 2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Beverages - Brewers stock has the strongest price momentum?

Anheuser-Busch InBev SA/NV has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Beverages - Brewers company scores highest for research priority?

Anheuser-Busch InBev SA/NV scores 54.2 out of 100 with 79% evidence confidence, from 17.4 points on growth and earnings, 11.8 on capital efficiency, 5 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Beverages - Brewers companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Beverages - Brewers sector?

The 4 Beverages - Brewers companies on this page carry $195,588 million of combined market value. Anheuser-Busch InBev SA/NV is the largest at $163,200 million, about 83% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

How is the Beverages - Brewers sector performing?

1 of the 4 covered Beverages - Brewers companies are beating S&P 500 on Mansfield relative strength. The sector itself is 6% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Beverages - Brewers stocks are listed in the US?

This comparison covers 4 listed Beverages - Brewers companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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