Comparison

AMBEV S.A. (ABEV) vs COCA COLA CO (KO)

The same filed metrics for both companies, side by side.

What each names as a risk in its own annual report, how each is priced against its own history, and the tracked managers whose latest 13F reports a position in both.

Financials

ABEV

AMBEV S.A.

Beverages—Brewers

Revenue, FY25: $88.24B
Net income: $15.5B
Operating cash flow: $24.45B
Free cash flow: $19.86B
Net margin: 17.57%
Operating margin: 26.42%
Gross margin: 51.42%

COCA COLA CO

Beverages—Non-Alcoholic

Revenue, FY25: $47.94B
Net income: $13.11B
Operating cash flow: $7.41B
Free cash flow: $5.3B
Net margin: 27.34%
Operating margin: 28.71%
Gross margin: 61.63%

Head-to-head

Filed growth, quality and valuation, read against each company’s own history rather than against the other side.

Metric	ABEV	KO
Revenue growth, latest filed year	−1.35%	+1.87%
Piotroski F-score	7 of 9	6 of 8
P/E against its own history	-	about normal

What each says it is exposed to

From Item 1A of each company’s most recent 10-K.

ABEV

No 10-K read yet.

Commodity prices
Cybersecurity
Currency moves
Litigation
Data privacy
Climate

And 13 more.

Tracked managers holding both

Dodge & Cox Dodge & Cox 0.00% · 0.00%

Updated Sep 9, 2026 · the newer of the two companies' filings