Sector Alpha Week of 2026-09-16
Not SEBI Registered !! Not Investment advice !!
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.

01 · the industry itself · before any single company

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

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 42% behind S&P 500. Earnings across its companies grew 9% on average over the last four reported quarters.

BASING · 1y −11.4%~Fundamentals up, price down0 of 7 companies ahead of S&P 500 by 5% or more over three months

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

20030020262025202420232022 176347 TRAILING 12-MONTH EPS · 100 AT THE START0100149Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 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 reportingJun 2026 · trailing 12-month earnings per share at 149, against 100 at the start · up 32.6% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two149No earnings on file this far back — the price series reaches further than the filings do
20030020262025202420232022 176347 TRAILING 12-MONTH EPS · 100 AT THE START0100149Jun 22Jun 23Jun 24Jun 25Jun 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 reportingJun 2026 · trailing 12-month earnings per share at 149, against 100 at the start · up 32.6% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two149No 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

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.

02 · sector relative strength, before individual stocks

Is Beverages - Brewers outperforming S&P 500?

Beverages - Brewers has underperformed S&P 500 by 3.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 5.1%. 1 of 3 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 +11.2%.

-5.1%Sector vs S&P 500 · 13 weeks
-3.1%Sector vs S&P 500 · 52 weeks
1/3Stocks leading S&P 500
1/3Stocks 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 3.1% over 52 weeks and 5.1% over 13 weeks. 1 of 3 covered companies beat the S&P 500 on Mansfield relative strength, while 1 of 3 beat the sector itself. Anheuser-Busch InBev SA/NV leads with revenue of $62,615 million, based on 3 of 4 comparable companies through Jun 2026.

Companies
4
complete canonical membership
Combined market value
$187.1B
Anheuser-Busch InBev SA/NV
Revenue growing
1/3
positive TTM year-on-year growth
Beating S&P 500
1/3
positive Mansfield relative strength
Comparing 3 of 4
03 · 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 82.3% evidence confidence.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Anheuser-Busch InBev SA/NVBUD 62.3/100Mixed-positive evidence82% evidence ASLEEP 21.3/35 Revenue 7% · PAT 25.4% · OPM change 1 pp 95% evidence 10.6/25 ROCE 2.5% · OPM 27.4% 76% evidence 15.0/20 P/E 17.5× · PEG 0.54 50% evidence 15.4/20 RS sector 11.2% · RS bench 2.8% · 1Y 34.6%2 of 12 weeks ahead 100% evidence
Exact sum: 21.3 + 10.6 + 15 + 15.4 = 62.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Constellation Brands, Inc.STZ 43.1/100Mixed-negative evidence64% evidence ASLEEP 15.1/35 Revenue -10% · PAT — · OPM change 4.3 pp 71% evidence 16.1/25 ROCE 16.2% · OPM 35.9% 76% evidence 10.0/20 P/E 13.1× · PEG — 0% evidence 1.9/20 RS sector -12.8% · RS bench -19.6% · 1Y -7.4%0 of 12 weeks ahead 100% evidence
Exact sum: 15.1 + 16.1 + 10 + 1.9 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3The Boston Beer Company, Inc.SAM 32.2/100Thin evidence · provisional55% evidence BASING 13.2/35 Revenue — · PAT — · OPM change -51.3 pp 45% evidence 3.0/25 ROCE 8% · OPM -43.9% 76% evidence 10.0/20 P/E 19.9× · PEG — 0% evidence 6.0/20 RS sector -15.8% · RS bench -22.5% · 1Y -23.7%0 of 12 weeks ahead 100% evidence
Exact sum: 13.2 + 3 + 10 + 6 = 32.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Molson Coors Beverage CompanyTAP-A 42.0/100Thin evidence · provisional48% evidence ASLEEP 14.5/35 Revenue -8.7% · PAT -264.8% · OPM change 2.9 pp 83% evidence 7.5/25 ROCE 1.8% · OPM 11% 76% evidence 10.0/20 P/E 10.1× · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y -18.7%0 of 7 weeks ahead 0% evidence
Exact sum: 14.5 + 7.5 + 10 + 10 = 42 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
04 · what price has already done

Market action

Anheuser-Busch InBev SA/NV has the strongest one-year price move in Beverages - Brewers at +34.6%. It also leads on Mansfield relative strength against the S&P 500 at +2.8%. 1 of 3 covered companies is above zero on that measure. Every line covers 314 weekly closes through 2026-09-16.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · 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 $62,615 million. Constellation Brands, Inc. is next at $9,057 million. The same company also holds the highest Revenue growth, at 7%. 3 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Anheuser-Busch InBev SA/NV is the scale leader at $62,615 million, 591.3% ahead of Constellation Brands, Inc.. Anheuser-Busch InBev SA/NV's growth is 7% from a $62,615 million base, with 20 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 · $62,615 million
Gap591.3% versus #2 · Constellation Brands, Inc.
Persistence5/8 recent comparable periods
Coverage3/4 companies · 77 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.
Revenue growthfastest growers
Revenue · company comparison
3/4 level · 3/4 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them 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$16.7B11%Jun 2026
Constellation Brands, Inc. STZ$2.4B-3.3%Jun 2026
Molson Coors Beverage Company TAP-A$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
$16.7B

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-A

$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%
11%

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-A

-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%
06 · compare level, then change

Operating Economics & Margin Trend

Constellation Brands, Inc. has the highest OPM among the 4 Beverages - Brewers companies compared here, at 35.9%. Anheuser-Busch InBev SA/NV is next at 27.4%. The same company also holds the highest Margin change, at +4.3 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 35.9% and margin change at +4.3 percentage points.

LeaderConstellation Brands, Inc. · 35.9%
Gap31% versus #2 · Anheuser-Busch InBev SA/NV
Persistence4/8 recent comparable periods
Coverage4/4 companies · 77 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.
Operating margin · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Constellation Brands, Inc. STZ36%+4.3 ppJun 2026
Anheuser-Busch InBev SA/NV BUD27%+1.0 ppJun 2026
Molson Coors Beverage Company TAP-A11%+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%
56%
26%
25%
24%
23%
24%
23%
25%
25%
26%
28%
26%
26%
28%
23%
27%
27%

Constellation Brands, Inc. · STZ

32%
36%
33%
34%
32%
31%
29%
31%
35%
33%
29%
36%
37%
33%
32%
32%
36%
34%
27%
36%

Molson Coors Beverage Company · TAP-A

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

−4.1 pp
−1.9 pp
+1.3 pp
+0.1 pp
−33.0 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
+1.0 pp

Constellation Brands, Inc. · STZ

+0.2 pp
−5.6 pp
−3.4 pp
−3.3 pp
+2.8 pp
+2.4 pp
−0.5 pp
+4.6 pp
+2.1 pp
−0.2 pp
+2.6 pp
−4.0 pp
−0.3 pp
+1.0 pp
−4.8 pp
+4.3 pp

Molson Coors Beverage Company · TAP-A

−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
07 · 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 $10,970 million. Constellation Brands, Inc. is next at $1,825 million. The same company also holds the highest Profit growth, at 25.4%. 3 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Anheuser-Busch InBev SA/NV leads with $10,970 million of TTM profit, 501.1% above Constellation Brands, Inc.. Anheuser-Busch InBev SA/NV shows 25.4% growth from a $10,970 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAnheuser-Busch InBev SA/NV · $10,970 million
Gap501.1% versus #2 · Constellation Brands, Inc.
Persistence6/8 recent comparable periods
Coverage3/4 companies · 77 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.
Profit growthfastest growers
Net profit · company comparison
3/4 level · 2/4 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Anheuser-Busch InBev SA/NV BUD$4.1B102%Jun 2026
Constellation Brands, Inc. STZ$654M27%Jun 2026
Molson Coors Beverage Company TAP-A$150M22%Mar 2026
The Boston Beer Company, Inc. SAM$-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
$498M
$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
$4.1B

Constellation Brands, Inc. · STZ

$2M
$471M
$395M
$390M
$-1.2B
$468M
$223M
$136M
$690M
$509M
$392M
$877M
$-1.2B
$616M
$-375M
$516M
$466M
$503M
$202M
$654M

Molson Coors Beverage Company · TAP-A

$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%
311%
-69%
7.7%
-31%
-28%
188%
27%
-26%
71%
16%
-38%
41%
17%
102%

Constellation Brands, Inc. · STZ

-0.6%
-44%
-65%
8.8%
76%
545%
-274%
21%
-196%
-41%
-18%
27%

Molson Coors Beverage Company · TAP-A

-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%
08 · compare level, then change

Return On Capital Employed

Constellation Brands, Inc. has the highest ROCE among the 4 Beverages - Brewers companies compared here, at 16.2%. The Boston Beer Company, Inc. is next at 8%. Molson Coors Beverage Company has the highest ROCE change at +0.6 percentage points, so level and change sit with different companies. Its ROCE series carries 20 reported observations across the 20-quarter window.

What the numbers say: Constellation Brands, Inc. leads ROCE at 16.2%, 8.2 percentage points above The Boston Beer Company, Inc.. Molson Coors Beverage Company has the strongest latest improvement at +0.6 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.

LeaderConstellation Brands, Inc. · 16.2%
Gap102.5% versus #2 · The Boston Beer Company, Inc.
Persistence4/8 recent comparable periods
Coverage4/4 companies · 78 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 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.
Return on capital · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Constellation Brands, Inc. STZ16%−1.9 ppJun 2026
The Boston Beer Company, Inc. SAM8.0%+0.4 ppJun 2026
Anheuser-Busch InBev SA/NV BUD2.5%+0.3 ppJun 2026
Molson Coors Beverage Company TAP-A1.8%+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%
2.3%
2.5%

Constellation Brands, Inc. · STZ

13%
13%
13%
13%
15%
14%
14%
14%
14%
15%
14%
15%
17%
18%
20%
18%
17%
16%
15%
16%

Molson Coors Beverage Company · TAP-A

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
+0.3 pp
+0.3 pp

Constellation Brands, Inc. · STZ

+1.9 pp
+1.7 pp
+0.7 pp
+0.5 pp
−0.6 pp
+0.4 pp
+0.4 pp
+1.0 pp
+3.1 pp
+3.1 pp
+5.7 pp
+3.4 pp
−0.1 pp
−1.6 pp
−4.5 pp
−1.9 pp

Molson Coors Beverage Company · TAP-A

−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
09 · compare level, then change

Valuation Against Growth & Quality

Anheuser-Busch InBev SA/NV has the lowest PEG among the 4 Beverages - Brewers companies compared here, at 0.54×. Molson Coors Beverage Company has the lowest P/E at 10.1×, so level and change sit with different companies. 1 of 4 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 8 reported observations across the 20-quarter window.

What the numbers say: Anheuser-Busch InBev SA/NV has the lowest comparable PEG at 0.54×. Only 1 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAnheuser-Busch InBev SA/NV · 0.54×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/4 companies · 10 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
Valuation · company comparison
1/4 level · 4/4 change
All-company data · latest reported quarter
CompanyPEGP/EReported
The Boston Beer Company, Inc. SAM1.019.9Jun 2026
Anheuser-Busch InBev SA/NV BUD0.517.5Jun 2026
Molson Coors Beverage Company TAP-A0.510.1Mar 2026
Constellation Brands, Inc. STZ13.1Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Anheuser-Busch InBev SA/NV · BUD

0.3
0.8
1.8
0.4
0.9
1.0
3.1
0.5

Molson Coors Beverage Company · TAP-A

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
17.5

Constellation Brands, Inc. · STZ

53.6
-798.7
-1,002.2
36.9
468.2
-581.3
-137.2
31.5
28.4
26.3
18.6
63.7
-71.8
23.4
21.4
16.2
13.1

Molson Coors Beverage Company · TAP-A

12.6
11.8
17.8
28.4
443.7
59.8
14.8
13.6
10.9
13.1
10.7
12.3
10.1

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
10 · 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 5 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.
11 · 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 2026-09-16. 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 2026-09-16 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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.
12 · questions investors ask, short speakable answers

Beverages - Brewers company comparison FAQs

These 21 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 2026-09-16. Nothing here is estimated, and none of it is a recommendation.

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

Beverages - Brewers has underperformed S&P 500 by 3.1% over 52 weeks and 5.1% over 13 weeks. 1 of 3 covered companies beat the S&P 500 on Mansfield relative strength, while 1 of 3 beat the sector itself.

Which Beverages - Brewers company is largest by revenue?

Anheuser-Busch InBev SA/NV leads with revenue of $62,615 million, based on 3 of 4 comparable companies through Jun 2026.

Which Beverages - Brewers company is growing fastest?

Anheuser-Busch InBev SA/NV has the fastest current revenue growth at 7%, 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 62.3/100 with 82.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Beverages - Brewers company has the lowest comparable PEG?

Anheuser-Busch InBev SA/NV has the lowest comparable PEG at 0.54, among 1 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Beverages - Brewers comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

Which Beverages - Brewers company is the biggest?

Anheuser-Busch InBev SA/NV is the largest, with trailing-twelve-month revenue of $62,615 million, ahead of Constellation Brands, Inc. at $9,057 million. That covers 3 of 4 companies with comparable reporting through Jun 2026.

Which Beverages - Brewers company has the best profit margins?

Constellation Brands, Inc. has the highest operating margin at 35.9%, from 4 of 4 comparable companies. Constellation Brands, Inc. shows the biggest recent improvement, at +4.3 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 $10,970 million of trailing-twelve-month net profit, from 3 of 4 comparable companies. Anheuser-Busch InBev SA/NV has the fastest profit growth at 25.4%, 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?

Constellation Brands, Inc. leads on return on capital employed at 16.2%, 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 PEG — where a LOWER number is cheaper — Anheuser-Busch InBev SA/NV screens cheapest at 0.54×. Only 1 of 4 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Beverages - Brewers sector beating the market?

Beverages - Brewers has underperformed S&P 500 by 3.1% over the last 52 weeks and 5.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 3 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 62.3 out of 100 with 82.3% evidence confidence, from 21.3 points on growth and earnings, 10.6 on capital efficiency, 15 on valuation and 15.4 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, 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 $187,094 million of combined market value. Anheuser-Busch InBev SA/NV is the largest at $157,070 million, about 84% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-16.

How is the Beverages - Brewers sector performing?

1 of the 3 covered Beverages - Brewers companies are beating S&P 500 on Mansfield relative strength. The sector itself is 3.1% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-16.

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.

Not SEBI Registered !! Not Investment advice !!

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