Heineken Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	34,331	33,672	31,827	45,212	44,866	47,805
Market Cap Growth	-8.51%	5.79%	-29.60%	0.77%	-6.15%	1.67%
Enterprise Value	49,146	49,412	47,452	62,872	59,151	61,234
Last Close Price	61.62	60.80	55.16	76.26	73.60	76.74
PE Ratio	20.88	20.48	39.35	22.61	18.86	17.12
PS Ratio	1.37	1.34	1.29	1.72	1.76	2.59
PB Ratio	1.91	1.87	1.72	2.29	2.31	2.89
P/FCF Ratio	13.67	13.41	11.60	26.10	18.70	19.92
P/OCF Ratio	7.85	7.70	6.99	11.76	11.25	13.61
EV/Sales Ratio	1.98	1.97	1.92	2.39	2.32	3.32
EV/EBITDA Ratio	9.30	10.26	10.16	13.19	11.72	16.05
EV/EBIT Ratio	14.34	15.27	15.13	19.02	16.49	23.89
EV/FCF Ratio	19.57	19.67	17.29	36.30	24.65	25.52
Debt / Equity Ratio	0.94	0.94	0.76	0.80	0.75	0.86
Debt / EBITDA Ratio	3.29	3.29	2.86	3.15	2.75	3.50
Debt / FCF Ratio	6.70	6.70	5.14	9.14	6.05	5.91
Net Debt / Equity Ratio	0.70	0.70	0.66	0.70	0.62	0.69
Net Debt / EBITDA Ratio	2.63	2.63	2.60	2.89	2.39	3.00
Net Debt / FCF Ratio	5.04	5.04	4.43	7.95	5.03	4.77
Asset Turnover	0.54	0.54	0.55	0.56	0.57	0.48
Inventory Turnover	5.30	5.30	5.22	5.64	6.44	6.06
Quick Ratio	0.64	0.64	0.46	0.48	0.49	0.55
Current Ratio	0.93	0.93	0.77	0.77	0.78	0.79
Return on Equity (ROE)	9.94%	9.94%	5.14%	10.74%	14.60%	20.74%
Return on Assets (ROA)	4.31%	4.31%	4.35%	4.43%	4.99%	4.17%
Return on Invested Capital (ROIC)	7.54%	7.33%	5.79%	9.78%	8.56%	8.04%
Return on Capital Employed (ROCE)	9.30%	9.30%	9.60%	9.40%	10.60%	8.30%
Earnings Yield	4.79%	4.88%	2.54%	4.42%	5.30%	5.84%
FCF Yield	7.32%	7.46%	8.62%	3.83%	5.35%	5.02%
Dividend Yield	2.36%	2.73%	2.79%	1.97%	2.08%	1.36%
Payout Ratio	67.69%	67.69%	122.60%	57.94%	40.98%	23.95%
Buyback Yield / Dilution	0.65%	0.65%	0.59%	2.09%	-0.01%	-0.06%
Total Shareholder Return	3.00%	3.37%	3.38%	4.06%	2.08%	1.30%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.