Comparison

AMBEV S.A. (ABEV) vs PEPSICO INC (PEP)

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%

PEP

PEPSICO INC

Beverages—Non-Alcoholic

Revenue, FY25: $93.93B
Net income: $8.24B
Operating cash flow: $12.09B
Free cash flow: $7.67B
Net margin: 8.77%
Operating margin: 12.24%
Gross margin: 54.15%

Head-to-head

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

Metric	ABEV	PEP
Revenue growth, latest filed year	−1.35%	+2.25%
Piotroski F-score	7 of 9	5 of 9
P/E against its own history	-	37.09% below

What each says it is exposed to

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

ABEV

No 10-K read yet.

PEP

Commodity prices
Climate
Cybersecurity
Supply chain
Litigation
Labour

And 17 more.

Tracked managers holding both

Dodge & Cox Dodge & Cox 0.00% · 0.00%

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