Heineken Holding 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 6, 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	21,306	20,444	16,942	24,387	22,179	26,582
Market Cap Growth	2.77%	20.67%	-30.53%	9.96%	-16.56%	-2.08%
Enterprise Value	51,642	51,993	46,456	57,490	49,713	53,135
Last Close Price	78.75	70.78	57.55	80.93	75.21	90.44
PE Ratio	19.06	18.29	32.86	18.79	15.45	14.06
PS Ratio	0.63	0.61	0.55	0.73	0.72	1.07
PB Ratio	0.89	0.86	0.74	0.99	0.95	1.19
P/FCF Ratio	6.30	6.05	4.93	11.05	7.67	8.18
P/OCF Ratio	3.62	3.47	2.97	4.98	4.62	5.59
EV/Sales Ratio	1.55	1.54	1.51	1.71	1.62	2.13
EV/EBITDA Ratio	7.18	7.89	7.89	9.37	8.19	9.87
EV/EBIT Ratio	10.98	11.65	11.70	13.46	11.51	14.35
EV/FCF Ratio	15.28	15.38	13.52	26.06	17.20	16.35
Debt / Equity Ratio	0.95	0.95	0.77	0.81	0.75	0.86
Debt / EBITDA Ratio	3.24	3.24	2.84	3.12	2.76	3.38
Debt / FCF Ratio	6.70	6.70	5.14	9.14	6.05	5.91
Net Debt / Equity Ratio	0.71	0.71	0.67	0.71	0.62	0.69
Net Debt / EBITDA Ratio	2.58	2.58	2.58	2.86	2.40	2.88
Net Debt / FCF Ratio	5.02	5.02	4.43	7.95	5.03	4.77
Asset Turnover	0.54	0.54	0.55	0.57	0.57	0.48
Inventory Turnover	5.30	5.30	5.22	5.64	6.44	6.06
Quick Ratio	0.65	0.65	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)	10.08%	10.08%	5.22%	10.84%	14.60%	20.74%
Return on Assets (ROA)	4.44%	4.44%	4.43%	4.51%	4.99%	4.45%
Return on Invested Capital (ROIC)	7.80%	7.58%	5.91%	9.97%	8.55%	8.58%
Return on Capital Employed (ROCE)	9.60%	9.60%	9.80%	9.70%	10.60%	8.90%
Earnings Yield	5.25%	5.47%	3.04%	5.32%	6.47%	7.12%
FCF Yield	15.87%	16.53%	20.28%	9.05%	13.04%	12.22%
Dividend Yield	2.79%	3.15%	3.35%	2.36%	2.46%	1.56%
Payout Ratio	134.03%	134.03%	240.76%	113.71%	81.83%	47.87%
Buyback Yield / Dilution	0.62%	0.62%	0.39%	1.41%	-	-
Total Shareholder Return	3.41%	3.77%	3.73%	3.77%	2.46%	1.56%

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