ABEV vs. COKE: Ambev vs. Coca-Cola Consolidated Stock Comparison

November 11, 2026

How do Ambev (ABEV) and Coca-Cola Consolidated (COKE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ambev (ABEV) and Coca-Cola Consolidated (COKE) both belong to the Beverages industry, though ABEV is classified under Brewers while COKE falls under Soft Drinks & Non-alcoholic Beverages.

Coca-Cola Consolidated (COKE) trades as ordinary local shares, while Ambev (ABEV) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Profile Item	ABEV	COKE
Name	Ambev S.A. ADR	Coca-Cola Consolidated Inc.
Country/Region	Brazil	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Beverages
GICS Sub-Industry	Brewers	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	43.01 billion USD	13.84 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 5, 1997	February 21, 1973
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ABEV

COKE

GSPC

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ambev (ABEV) and Coca-Cola Consolidated (COKE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ambev (ABEV) and Coca-Cola Consolidated (COKE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Metric	ABEV	COKE
Total Return (1Y)	15.68%	46.60%
Total Return (3Y, Annualized)	5.87%	45.46%
Total Return (5Y, Annualized)	1.96%	37.59%

Risk Profile

Drawdown History

ABEV

COKE

GSPC

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ambev (ABEV) and Coca-Cola Consolidated (COKE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Ambev (ABEV) is heavily traded at around 26.44M shares per day, whereas Coca-Cola Consolidated (COKE) sees a more moderate 510.01K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Metric	ABEV	COKE
Volatility (1Y, Annualized)	35.89%	37.13%
Beta (5Y)	0.56	0.63
Max Drawdown (5Y)	-38.91%	-35.52%
Avg. Volume (3M)	26.44M	510.01K

Risk-Adjusted Performance

Risk-Return Positioning

ABEV and COKE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Metric	ABEV	COKE
Sharpe Ratio (1Y)	0.32	1.14
Sortino Ratio (1Y)	0.47	1.56

Profitability

ROE (TTM)

Both companies show strong equity returns, but Coca-Cola Consolidated (COKE) at 90.03% is the standout with ROE above its industry range; Ambev (ABEV) at 17.65% also sits in the top quartile.

ABEV

Food, Beverage & Tobacco industry group

17.65%

Max: 32.02%
ABEV: 17.65%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

COKE

Food, Beverage & Tobacco industry group

90.03%

COKE: 90.03%
Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Ambev (ABEV) at 17.69% retains a top-quartile share of revenue as profit, ahead of Coca-Cola Consolidated (COKE) at 7.49%, which keeps about the industry-typical share.

ABEV

Food, Beverage & Tobacco industry group

17.69%

Max: 24.83%
ABEV: 17.69%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

COKE

Food, Beverage & Tobacco industry group

7.49%

Max: 24.83%
Q3: 11.22%
COKE: 7.49%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Ambev (ABEV) at 25.56% operates in the top operating margin quartile, ahead of Coca-Cola Consolidated (COKE) at 13.65%, which runs around its industry’s norm.

ABEV

Food, Beverage & Tobacco industry group

25.56%

Max: 34.91%
ABEV: 25.56%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

COKE

Food, Beverage & Tobacco industry group

13.65%

Max: 34.91%
Q3: 17.57%
COKE: 13.65%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Metric	ABEV	COKE
ROE (TTM)	17.65%	90.03%
ROA (TTM)	10.27%	12.41%
Net Margin (TTM)	17.69%	7.49%
Operating Margin (TTM)	25.56%	13.65%
Gross Margin (TTM)	51.78%	38.90%

Growth

Revenue Growth

Coca-Cola Consolidated (COKE) at 4.76% is around its peer norm for revenue growth, while Ambev (ABEV) at -1.35% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Ambev (ABEV) at 2.20% and Coca-Cola Consolidated (COKE) at -2.63% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Metric	ABEV	COKE
Revenue Growth (YoY)	-1.35%	4.76%
Revenue Growth (3Y CAGR)	3.45%	5.24%
EPS Growth (YoY)	2.20%	-2.63%
EPS Growth (3Y CAGR)	0.00%	14.19%

Financial Strength

Current Ratio (MRQ)

Both Ambev (ABEV) at 1.06 and Coca-Cola Consolidated (COKE) at 1.33 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ABEV

Food, Beverage & Tobacco industry group

1.06

Max: 4.01
Q3: 2.35
Median: 1.53
ABEV: 1.06
Q1: 1.02
Min: 0.33

COKE

Food, Beverage & Tobacco industry group

1.33

Max: 4.01
Q3: 2.35
Median: 1.53
COKE: 1.33
Q1: 1.02
Min: 0.33

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Ambev (ABEV) carries debt-to-equity ratio of 0.03 against its industry range, while Coca-Cola Consolidated (COKE) reports no figure this period.

ABEV

Food, Beverage & Tobacco industry group

0.03

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
ABEV: 0.03
Min: 0.00

COKE

Food, Beverage & Tobacco industry group

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00
COKE: --

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): COKE does not report debt-to-equity ratio, so it has no value marker; ABEV is benchmarked against the Food, Beverage & Tobacco industry group.

Financial Strength Metrics

Financial strength metrics for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Metric	ABEV	COKE
Current Ratio (MRQ)	1.06	1.33
Debt / Equity (MRQ)	0.03	--
Net Debt / EBITDA	-0.72	1.85

Dividends

Dividend Yield (TTM)

Coca-Cola Consolidated (COKE) at 0.47% pays an industry-typical yield; Ambev (ABEV) at 9.64% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

ABEV

Food, Beverage & Tobacco industry group

9.64%

ABEV: 9.64%
Max: 9.38%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

COKE

Food, Beverage & Tobacco industry group

0.47%

Max: 9.38%
Q3: 3.77%
Median: 1.76%
COKE: 0.47%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both Ambev (ABEV) at 74.21% and Coca-Cola Consolidated (COKE) at 11.74% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

ABEV

Food, Beverage & Tobacco industry group

74.21%

Max: 199.19%
Q3: 81.03%
ABEV: 74.21%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

COKE

Food, Beverage & Tobacco industry group

11.74%

Max: 199.19%
Q3: 81.03%
Median: 41.52%
COKE: 11.74%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Metric	ABEV	COKE
Dividend Yield (TTM)	9.64%	0.47%
Dividend Payout Ratio (TTM)	74.21%	11.74%

Valuation

P/E Ratio (TTM)

Both Ambev (ABEV) at 14.68 and Coca-Cola Consolidated (COKE) at 24.40 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ABEV

Food, Beverage & Tobacco industry group

14.68

Max: 52.52
Q3: 30.78
Median: 18.76
ABEV: 14.68
Q1: 12.77
Min: 4.72

COKE

Food, Beverage & Tobacco industry group

24.40

Max: 52.52
Q3: 30.78
COKE: 24.40
Median: 18.76
Q1: 12.77
Min: 4.72

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Ambev (ABEV) at 0.48 sits in the cheaper P/S ratio quartile while Coca-Cola Consolidated (COKE) at 1.78 prices around its industry’s middle — ABEV costs less per dollar of sales, though read it alongside growth and margins.

ABEV

Food, Beverage & Tobacco industry group

0.48

Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
ABEV: 0.48
Min: 0.00

COKE

Food, Beverage & Tobacco industry group

1.78

Max: 4.64
Q3: 2.27
COKE: 1.78
Median: 1.17
Q1: 0.52
Min: 0.00

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Coca-Cola Consolidated (COKE) reports a negative P/B ratio of -40.73, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Ambev (ABEV) reports 2.38, ranking against industry peers normally.

ABEV

Food, Beverage & Tobacco industry group

2.38

Max: 6.35
Q3: 3.07
ABEV: 2.38
Median: 1.58
Q1: 0.82
Min: 0.00

COKE

Food, Beverage & Tobacco industry group

-40.73

Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00
COKE: -40.73

Ambev (ABEV) vs. Coca-Cola Consolidated (COKE): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Ambev (ABEV) and Coca-Cola Consolidated (COKE)
Metric	ABEV	COKE
P/E Ratio (TTM)	14.68	24.40
P/S Ratio (TTM)	0.48	1.78
P/B Ratio (MRQ)	2.38	-40.73
Free Cash Flow Yield (TTM)	48.96%	2.66%