Share

Profile & Fundamentals

Heineken Profile & Fundamentals

Name: Heineken financial chart data preview
Creator: iPulse AI
License: https://ipulseai.com/terms

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

Interactive annual & quarterly chartsAI financial reviewsReported source tables

Explore this pageJump to a Profile & Fundamentals section

Explore this research

Profile & Fundamentals contents

Jump directly to any section

Company and Market Context

Company Profile & Ownership

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific. The company also provides soft drinks. It sells its products under the Heineken, Heineken 0.0, Heineken Silver, Amstel, Moretti, Tiger, Desperados, Edelweiss, Lagunitas, Orchard Thieves, Windhoek, Dos Equis, Red Stripe, Kingfisher, Bintang, Gosser, Affligem, Mort Subite, Strongbow, Stassen, Bulmers, Old Mout, Savanna, Turbo King, Tecate, Lagunitas Hoppy Refresher, Bia Viet, Tiger Crystal, Birra Moretti, Harar, Cruzcampo, Bernini, Legend Stout, Beavertown, Stëlz, Texels, Ladrón, Bandida, Stibitzer, El Aguila, and Murphy's brands. In addition, the company engages in rental of pubs and bars; wholesale activities; and pub management and technical services. The company offers its products to retailers, wholesalers and distributors, bars, restaurants, clubs, cafes, and hotels. Heineken N.V. was incorporated in 1864 and is headquartered in Amsterdam, the Netherlands. Heineken N.V. is a subsidiary of Heineken Holding N.V.

Company profile record

Heineken

Common Stock · Consumer Staples · Brewers

Official website

Company

Company / asset: Heineken
Security type: Common Stock
Sector: Consumer Staples
Industry: Brewers
HQ: 🇳🇱 Netherlands
Head office: Tweede Weteringplantsoen 21, Amsterdam, Netherlands, 1017 ZD

Leadership & scale

Full-time employees: 85K
Fiscal year end: December

Fundamentals snapshot

Updated 2026-08-19

Market Cap: EUR 39.5B
P/E: 10.7x
Revenue (Q2 26): EUR 14.8B
Profit (Q2 26): EUR 1.1B
Dividend Yield: 2.3%
Revenue (FY 25): EUR 28.8B
Shares in public float: 259.9M
Insider ownership: 51.02%

Reporting & identifiers

Symbol: HEIA.AMS
Listing: 🇳🇱 Netherlands | Dividend Tax: 15%
Ticker Currency: EUR
Income Statement Currency: EUR
Balance Sheet Currency: EUR
Cash Flow Currency: EUR
EPS Currency: EUR
Contract Type: SPOT
ISIN: NL0000009165
Asset ID: equity_95f7c8a3-90d3-53bd-8561-4c8b81f01cf5

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's financial health shows a fascinating split between short-term sales pressure and long-term cash generation. On one hand, overall revenues have slightly shrunk due to unfavorable currency exchange rates and lower sales volumes in Europe. On the other hand, the company's actual profits have shown a massive recovery, nearly doubling in recent results. Most importantly, the business continues to generate huge amounts of free cash flow. There is strong agreement that this cash-rich profile provides a solid safety net, allowing the company to fund its own operations and reward shareholders without needing expensive loans. However, opinions differ on the future: some believe that aggressive price hikes have hit a ceiling and that future earnings will suffer as consumers push back, while others are confident that cost-cutting measures will successfully protect and grow profits over the coming years.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins are currently the subject of intense debate, highlighting a clash between short-term pressures and long-term potential. Gross and operating margins have faced significant pressure from rising packaging, energy, and transport costs. While the company has successfully used its brand power to raise prices and defend its profitability, there is a sharp disagreement on whether this strategy is sustainable. Some analysts warn that consumers are becoming exhausted by inflation, which could lead to falling sales volumes and shrinking margins if the company continues to raise prices. Conversely, supporters argue that as global supply chain disruptions ease and raw material costs normalize, the combination of permanent price increases and aggressive cost-cutting will trigger a dramatic expansion in . Monitoring whether customers continue to buy premium brands despite higher prices will be the key to proving which outlook is correct.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

Complete Research Workspace

Unlock the complete Profile & Fundamentals

Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.

Sign in to check access View Base plan

Paywalled preview begins: Reported Data Tables — chart preview

From this section to the end-of-preview notice below, research is provided as simplified HTML text and tables. Full access provides the complete interactive interface, charts and additional datasets.

Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-08-20.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	22,039,520,000	2,078,660,000	1,632,400,000	39.38	14.39	7.41	9.43
2017-12-31	25,714,710,000	2,601,340,000	2,302,650,000	40.21	14.95	8.95	10.12
2018-12-31	25,637,460,000	2,850,000,000	2,169,420,000	39.66	14.58	8.46	11.12
2019-12-31	26,845,280,000	2,504,320,000	2,425,920,000	41.01	15.44	9.04	9.33
2020-12-31	24,052,300,000	1,825,120,000	-248,880,000	36.25	10.24	-1.03	7.59
2021-12-31	25,236,180,000	2,945,760,000	3,789,360,000	38.72	14.93	15.02	11.67
2022-12-31	30,729,330,000	2,658,950,000	2,869,740,000	39.56	14.21	9.34	8.65
2023-12-31	33,398,200,000	1,928,300,000	2,534,400,000	35.25	10.64	7.59	5.77
2024-12-31	31,013,840,000	3,451,760,000	1,017,120,000	35.24	11.79	3.28	11.13
2025-12-31	33,641,010,000	3,053,700,000	2,205,450,000	35.78	11.85	6.56	9.08

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	15.69	Trailing four quarters
2024-12-31	11.83	Trailing four quarters
2022-12-31	18.88	Annual net income
2021-12-31	17.13	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	571,064,600
2018-01-01	570,965,900
2019-01-01	575,785,300
2020-01-01	575,311,600
2021-01-01	576,045,600
2022-01-01	576,286,000
2023-01-01	565,427,000
2024-01-01	565,138,600
2025-01-01	560,557,300
2026-01-01	548,673,500

End of the paywalled preview

The excerpt from Reported Data Tables — chart preview to this notice is the simplified paywalled content included on this page. A signed-in, verified account with the required subscription provides the full interactive interface and the additional research, datasets and tools listed below.

Those additional materials are not included in this preview and cannot be revealed by removing its visual restrictions.

Additional with full access

Earnings, Profitability & Valuation
- Complete profitability ratios
- EPS history and estimate comparisons
- Execution vs expectations
- Annual and quarterly financial views
Capital Expenditure & R&D
- Capital allocation AI review
- Annual capital expenditure
- Investment intensity trends
- Capex and R&D intensity indicators
Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions

Explore complete public research examples

These public assets show the complete asset profiles, fundamental datasets and analysis. Their findings concern those assets, not this report.