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	Mar '26 Mar 9, 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	46,079	45,319	39,845	57,589	54,059	64,731
Market Cap Growth	-2.61%	13.74%	-30.81%	6.53%	-16.49%	0.83%
Enterprise Value	66,042	66,503	59,406	80,084	71,271	82,914
Last Close Price	82.85	76.85	70.22	96.72	89.90	108.99
PE Ratio	20.82	20.48	39.35	22.61	18.86	17.12
PS Ratio	1.36	1.34	1.29	1.72	1.76	2.59
PB Ratio	1.90	1.87	1.72	2.29	2.31	2.89
P/FCF Ratio	13.63	13.41	11.60	26.10	18.70	19.92
P/OCF Ratio	7.83	7.70	6.99	11.76	11.25	13.61
EV/Sales Ratio	1.97	1.97	1.92	2.39	2.32	3.32
EV/EBITDA Ratio	9.28	10.26	10.16	13.19	11.72	16.05
EV/EBIT Ratio	14.30	15.27	15.13	19.02	16.49	23.89
EV/FCF Ratio	19.54	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	4.80%	4.88%	2.54%	4.42%	5.30%	5.84%
FCF Yield	7.34%	7.46%	8.62%	3.83%	5.35%	5.02%
Dividend Yield	2.64%	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	3.29%	3.55%	3.33%	4.07%	2.05%	1.23%

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