BUD vs. PEP: Anheuser-Busch InBev vs. PepsiCo Stock Comparison

July 2, 2026

How do Anheuser-Busch InBev (BUD) and PepsiCo (PEP) 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 PepsiCo (PEP) both belong to the Beverages industry, though BUD is classified under Brewers while PEP falls under Soft Drinks & Non-alcoholic Beverages.

PepsiCo (PEP) 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 PepsiCo (PEP)
Profile Item	BUD	PEP
Name	Anheuser-Busch InBev S.A. ADR	PepsiCo, 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	159.34 billion USD	185.08 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	July 1, 2009	June 1, 1972
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BUD

PEP

Anheuser-Busch InBev (BUD) vs. PepsiCo (PEP): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Anheuser-Busch InBev (BUD) and PepsiCo (PEP). Returns over one year are annualized.

Performance Metrics

Price performance metrics for Anheuser-Busch InBev (BUD) and PepsiCo (PEP)
Metric	BUD	PEP
Total Return (1Y)	21.69%	6.60%

Risk Profile

Drawdown History

BUD

PEP

Anheuser-Busch InBev (BUD) vs. PepsiCo (PEP): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk Metrics

Risk profile metrics for Anheuser-Busch InBev (BUD) and PepsiCo (PEP)
Metric	BUD	PEP
Volatility (1Y, Annualized)	26.66%	21.95%
Beta (5Y)	0.59	0.36
Avg. Volume (3M)	1.95M	7.54M

Risk-Adjusted Performance

Risk-Return Positioning

BUD and PEP 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.

Profitability

ROE (TTM)

Capital efficiency shows on one side only: PepsiCo (PEP) earns 43.88% on shareholders’ equity, ranked against its industry; Anheuser-Busch InBev (BUD) has no ROE this period.

BUD

Food, Beverage & Tobacco industry group

Max: 37.95%
Q3: 18.99%
Median: 14.93%
Q1: 3.88%
Min: -18.08%
BUD: --

PEP

Food, Beverage & Tobacco industry group

43.88%

PEP: 43.88%
Max: 37.95%
Q3: 18.99%
Median: 14.93%
Q1: 3.88%
Min: -18.08%

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

Net Margin (TTM)

Both Anheuser-Busch InBev (BUD) at 11.90% and PepsiCo (PEP) at 9.15% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BUD

Food, Beverage & Tobacco industry group

11.90%

Max: 27.80%
Q3: 12.29%
BUD: 11.90%
Median: 6.11%
Q1: 1.28%
Min: -7.46%

PEP

Food, Beverage & Tobacco industry group

9.15%

Max: 27.80%
Q3: 12.29%
PEP: 9.15%
Median: 6.11%
Q1: 1.28%
Min: -7.46%

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

Operating Margin (TTM)

Anheuser-Busch InBev (BUD) at 26.69% operates in the top operating margin quartile, ahead of PepsiCo (PEP) at 16.96%, which runs around its industry’s norm.

BUD

Food, Beverage & Tobacco industry group

26.69%

Max: 36.04%
BUD: 26.69%
Q3: 17.68%
Median: 10.44%
Q1: 3.65%
Min: -7.33%

PEP

Food, Beverage & Tobacco industry group

16.96%

Max: 36.04%
Q3: 17.68%
PEP: 16.96%
Median: 10.44%
Q1: 3.65%
Min: -7.33%

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

Profitability Metrics

Profitability metrics for Anheuser-Busch InBev (BUD) and PepsiCo (PEP)
Metric	BUD	PEP
ROE (TTM)	--	43.88%
ROA (TTM)	--	9.09%
Net Margin (TTM)	11.90%	9.15%
Operating Margin (TTM)	26.69%	16.96%
Gross Margin (TTM)	56.17%	54.38%

Growth

Revenue Growth

Anheuser-Busch InBev (BUD) vs. PepsiCo (PEP): A comparison of their Revenue Growth across different time periods.

Revenue Growth Metrics

Revenue growth metrics for Anheuser-Busch InBev (BUD) and PepsiCo (PEP)
Metric	BUD	PEP
Revenue Growth (YoY)	-0.75%	2.25%
Revenue Growth (3Y CAGR)	0.88%	2.83%

EPS Growth

Anheuser-Busch InBev (BUD) vs. PepsiCo (PEP): A comparison of their EPS Growth across different time periods.

EPS Growth Metrics

EPS growth metrics for Anheuser-Busch InBev (BUD) and PepsiCo (PEP)
Metric	BUD	PEP
EPS Growth (YoY)	16.10%	-13.67%
EPS Growth (3Y CAGR)	5.22%	-2.23%

Financial Strength

Current Ratio (MRQ)

Short-term liquidity can only be read on one side of this pairing: PepsiCo (PEP) shows current ratio of 0.90 against its industry benchmark, while Anheuser-Busch InBev (BUD) has no reading this period.

BUD

Food, Beverage & Tobacco industry group

Max: 5.06
Q3: 2.66
Median: 1.60
Q1: 1.05
Min: 0.54
BUD: --

PEP

Food, Beverage & Tobacco industry group

0.90

Max: 5.06
Q3: 2.66
Median: 1.60
Q1: 1.05
PEP: 0.90
Min: 0.54

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

Debt / Equity (MRQ)

Anheuser-Busch InBev (BUD) at 0.75 is near its industry mid-range for debt-to-equity ratio, while PepsiCo (PEP) at 2.45 sits above its benchmark range, pointing to a heavier debt load relative to equity.

BUD

Food, Beverage & Tobacco industry group

0.75

Max: 2.20
Q3: 1.12
BUD: 0.75
Median: 0.70
Q1: 0.35
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

2.45

PEP: 2.45
Max: 2.20
Q3: 1.12
Median: 0.70
Q1: 0.35
Min: 0.00

Anheuser-Busch InBev (BUD) vs. PepsiCo (PEP): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Anheuser-Busch InBev (BUD) and PepsiCo (PEP)
Metric	BUD	PEP
Current Ratio (MRQ)	--	0.90
Debt / Equity (MRQ)	0.75	2.45
Net Debt / EBITDA	3.11	2.24

Dividends

Dividend Yield (TTM)

Anheuser-Busch InBev (BUD) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile PepsiCo (PEP) reports a yield of 4.10%, ranking against industry peers normally.

BUD

Food, Beverage & Tobacco industry group

0.00%

Max: 10.01%
Q3: 4.23%
Median: 2.71%
BUD: 0.00%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

4.10%

Max: 10.01%
Q3: 4.23%
PEP: 4.10%
Median: 2.71%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Anheuser-Busch InBev (BUD) at 36.02% pays out a band-typical share of earnings, while PepsiCo (PEP) at 89.32% distributes more than its industry norm — less retained, thinner cover.

BUD

Food, Beverage & Tobacco industry group

36.02%

Max: 159.06%
Q3: 86.47%
Median: 44.62%
BUD: 36.02%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

89.32%

Max: 159.06%
PEP: 89.32%
Q3: 86.47%
Median: 44.62%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Anheuser-Busch InBev (BUD) and PepsiCo (PEP)
Metric	BUD	PEP
Dividend Yield (TTM)	0.00%	4.10%
Dividend Payout Ratio (TTM)	36.02%	89.32%

Valuation

P/E Ratio (TTM)

Both Anheuser-Busch InBev (BUD) at 22.83 and PepsiCo (PEP) at 21.29 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

22.83

Max: 47.93
Q3: 29.08
BUD: 22.83
Median: 18.25
Q1: 11.32
Min: 5.61

PEP

Food, Beverage & Tobacco industry group

21.29

Max: 47.93
Q3: 29.08
PEP: 21.29
Median: 18.25
Q1: 11.32
Min: 5.61

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

P/S Ratio (TTM)

PepsiCo (PEP) at 1.94 is priced about in line with its industry on P/S ratio, while Anheuser-Busch InBev (BUD) at 2.61 sits in the pricier quartile — BUD costs more per dollar of sales.

BUD

Food, Beverage & Tobacco industry group

2.61

Max: 5.21
BUD: 2.61
Q3: 2.44
Median: 0.95
Q1: 0.53
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

1.94

Max: 5.21
Q3: 2.44
PEP: 1.94
Median: 0.95
Q1: 0.53
Min: 0.00

Anheuser-Busch InBev (BUD) vs. PepsiCo (PEP): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both Anheuser-Busch InBev (BUD) at 11.03 and PepsiCo (PEP) at 8.66 look expensive — each P/B ratio sits above its industry’s benchmark range.

BUD

Food, Beverage & Tobacco industry group

11.03

BUD: 11.03
Max: 6.01
Q3: 3.17
Median: 1.68
Q1: 0.90
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

8.66

PEP: 8.66
Max: 6.01
Q3: 3.17
Median: 1.68
Q1: 0.90
Min: 0.00

Anheuser-Busch InBev (BUD) vs. PepsiCo (PEP): 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 PepsiCo (PEP)
Metric	BUD	PEP
P/E Ratio (TTM)	22.83	21.29
P/S Ratio (TTM)	2.61	1.94
P/B Ratio (MRQ)	11.03	8.66
Free Cash Flow Yield (TTM)	--	4.73%