BUD vs. COKE: Anheuser-Busch InBev vs. Coca-Cola Consolidated Stock Comparison

November 11, 2026

How do Anheuser-Busch InBev (BUD) 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

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

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

Company profile comparison for Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Profile Item	BUD	COKE
Name	Anheuser-Busch InBev SA/NV Sponsored ADR	Coca-Cola Consolidated Inc.
Country/Region	Belgium	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	165.33 billion USD	13.84 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	July 1, 2009	February 21, 1973
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BUD

COKE

GSPC

Anheuser-Busch InBev (BUD) 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 Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Anheuser-Busch InBev (BUD) 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 Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Metric	BUD	COKE
Total Return (1Y)	35.80%	46.60%
Total Return (3Y, Annualized)	14.02%	45.46%
Total Return (5Y, Annualized)	8.59%	37.59%

Risk Profile

Drawdown History

BUD

COKE

GSPC

Anheuser-Busch InBev (BUD) 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 Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Metric	BUD	COKE
Volatility (1Y, Annualized)	25.37%	37.13%
Beta (5Y)	0.51	0.63
Max Drawdown (5Y)	-33.13%	-35.52%
Avg. Volume (3M)	2.32M	510.01K

Risk-Adjusted Performance

Risk-Return Positioning

BUD 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 Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Metric	BUD	COKE
Sharpe Ratio (1Y)	1.24	1.14
Sortino Ratio (1Y)	1.95	1.56

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Coca-Cola Consolidated (COKE) earns 90.03% on shareholders’ equity, ranked against its industry; Anheuser-Busch InBev (BUD) has no ROE this period.

BUD

Food, Beverage & Tobacco industry group

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

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%

Anheuser-Busch InBev (BUD) vs. Coca-Cola Consolidated (COKE): BUD does not report ROE, so it has no value marker; COKE is benchmarked against the Food, Beverage & Tobacco industry group.

Net Margin (TTM)

Anheuser-Busch InBev (BUD) at 15.42% 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.

BUD

Food, Beverage & Tobacco industry group

15.42%

Max: 24.83%
BUD: 15.42%
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%

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

Operating Margin (TTM)

Anheuser-Busch InBev (BUD) at 27.48% operates in the top operating margin quartile, ahead of Coca-Cola Consolidated (COKE) at 13.65%, which runs around its industry’s norm.

BUD

Food, Beverage & Tobacco industry group

27.48%

Max: 34.91%
BUD: 27.48%
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%

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

Profitability Metrics

Profitability metrics for Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Metric	BUD	COKE
ROE (TTM)	--	90.03%
ROA (TTM)	--	12.41%
Net Margin (TTM)	15.42%	7.49%
Operating Margin (TTM)	27.48%	13.65%
Gross Margin (TTM)	56.47%	38.90%

Growth

Revenue Growth

Both Anheuser-Busch InBev (BUD) at -0.75% and Coca-Cola Consolidated (COKE) at 4.76% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Anheuser-Busch InBev (BUD) vs. Coca-Cola Consolidated (COKE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Anheuser-Busch InBev (BUD) at 16.10% 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.

Anheuser-Busch InBev (BUD) vs. Coca-Cola Consolidated (COKE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Metric	BUD	COKE
Revenue Growth (YoY)	-0.75%	4.76%
Revenue Growth (3Y CAGR)	0.88%	5.24%
EPS Growth (YoY)	16.10%	-2.63%
EPS Growth (3Y CAGR)	5.22%	14.19%

Financial Strength

Current Ratio (MRQ)

Short-term liquidity can only be read on one side of this pairing: Coca-Cola Consolidated (COKE) shows current ratio of 1.33 against its industry benchmark, while Anheuser-Busch InBev (BUD) has no reading this period.

BUD

Food, Beverage & Tobacco industry group

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
Min: 0.33
BUD: --

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

Anheuser-Busch InBev (BUD) vs. Coca-Cola Consolidated (COKE): BUD does not report current ratio, so it has no value marker; COKE is benchmarked against the Food, Beverage & Tobacco industry group.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Anheuser-Busch InBev (BUD) carries debt-to-equity ratio of 0.72 against its industry range, while Coca-Cola Consolidated (COKE) reports no figure this period.

BUD

Food, Beverage & Tobacco industry group

0.72

Max: 2.19
Q3: 1.11
BUD: 0.72
Median: 0.68
Q1: 0.33
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: --

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

Financial Strength Metrics

Financial strength metrics for Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Metric	BUD	COKE
Current Ratio (MRQ)	--	1.33
Debt / Equity (MRQ)	0.72	--
Net Debt / EBITDA	3.19	1.85

Dividends

Dividend Yield (TTM)

Both Anheuser-Busch InBev (BUD) at 1.91% and Coca-Cola Consolidated (COKE) at 0.47% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

BUD

Food, Beverage & Tobacco industry group

1.91%

Max: 9.38%
Q3: 3.77%
BUD: 1.91%
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%

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

Dividend Payout Ratio (TTM)

Both Anheuser-Busch InBev (BUD) at 27.35% 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.

BUD

Food, Beverage & Tobacco industry group

27.35%

Max: 199.19%
Q3: 81.03%
Median: 41.52%
BUD: 27.35%
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%

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

Dividend Metrics

Dividend metrics for Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Metric	BUD	COKE
Dividend Yield (TTM)	1.91%	0.47%
Dividend Payout Ratio (TTM)	27.35%	11.74%

Valuation

P/E Ratio (TTM)

Both Anheuser-Busch InBev (BUD) at 17.07 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.

BUD

Food, Beverage & Tobacco industry group

17.07

Max: 52.52
Q3: 30.78
Median: 18.76
BUD: 17.07
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

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

P/S Ratio (TTM)

Coca-Cola Consolidated (COKE) at 1.78 is priced about in line with its industry on P/S ratio, while Anheuser-Busch InBev (BUD) at 2.58 sits in the pricier quartile — BUD costs more per dollar of sales.

BUD

Food, Beverage & Tobacco industry group

2.58

Max: 4.64
BUD: 2.58
Q3: 2.27
Median: 1.17
Q1: 0.52
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

Anheuser-Busch InBev (BUD) 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 Anheuser-Busch InBev (BUD) reports 10.60, ranking against industry peers normally.

BUD

Food, Beverage & Tobacco industry group

10.60

BUD: 10.60
Max: 6.35
Q3: 3.07
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

Anheuser-Busch InBev (BUD) 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 Anheuser-Busch InBev (BUD) and Coca-Cola Consolidated (COKE)
Metric	BUD	COKE
P/E Ratio (TTM)	17.07	24.40
P/S Ratio (TTM)	2.58	1.78
P/B Ratio (MRQ)	10.60	-40.73
Free Cash Flow Yield (TTM)	--	2.66%