Heineken Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 18, 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	50,586	45,319	39,845	57,589	54,059	64,731
Market Cap Growth	27.89%	13.74%	-30.81%	6.53%	-16.49%	0.83%
Enterprise Value	70,841	66,503	59,406	80,084	71,271	82,914
Last Close Price	92.95	76.85	70.22	96.72	89.90	108.99
PE Ratio	22.86	20.48	39.35	22.61	18.86	17.12
PS Ratio	1.50	1.34	1.29	1.72	1.76	2.59
PB Ratio	2.09	1.87	1.72	2.29	2.31	2.89
P/FCF Ratio	14.96	13.41	11.60	26.10	18.70	19.92
P/OCF Ratio	8.60	7.70	6.99	11.76	11.25	13.61
EV/Sales Ratio	2.09	1.97	1.92	2.39	2.32	3.32
EV/EBITDA Ratio	9.81	10.26	10.16	13.19	11.72	16.05
EV/EBIT Ratio	15.12	15.27	15.13	19.02	16.49	23.89
EV/FCF Ratio	20.96	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	4.38%	4.88%	2.54%	4.42%	5.30%	5.84%
FCF Yield	6.68%	7.46%	8.62%	3.83%	5.35%	5.02%
Dividend Yield	2.39%	2.90%	2.74%	1.98%	2.06%	1.29%
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	3.03%	3.55%	3.33%	4.07%	2.05%	1.23%

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