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Anheuser-Busch InBev SA vs Molson Coors Beverage: BUD and TAP compared
Anheuser-Busch InBev SA is the larger company: $15.0B of revenue in its latest quarter (Q2 2026) against $3.4B for Molson Coors Beverage (Q3 2026). Molson Coors Beverage is more profitable, with an operating margin of 11.5% against 6.2%.
Where the money goes: BUD and TAP
Anheuser-Busch InBev SA (BUD) · Q2 2026
Anheuser-Busch InBev SA, Q2 2026: revenue $15.0B, operating margin 6.2%, net earnings $1.7B. The chart follows the revenue to costs, profit and cash.
Molson Coors Beverage (TAP) · Q3 2026
Molson Coors Beverage, Q3 2026: revenue $3.4B (-2% year over year), operating margin 11.5%, net earnings $272M, operating cash flow $460M. The chart follows the revenue to costs, profit and cash.
| Anheuser-Busch InBev SA (BUD) | Molson Coors Beverage (TAP) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $15.0B | $3.4B |
| Revenue growth, Y/Y | — | -2% |
| Gross margin | 56.3% | 30.3% |
| Operating margin | 6.2% | 11.5% |
| Net earnings | $1.7B | $272M |
| Net margin | 11.2% | 8.0% |
| Operating cash flow | — | $460M |
| Free cash flow | — | $326M |
| Market value | — | $8.4B |
| Analysts’ mean target | — | $43.43 |
Questions
Which is bigger, Anheuser-Busch InBev SA or Molson Coors Beverage?
Anheuser-Busch InBev SA is the larger company: $15.0B of revenue in its latest quarter (Q2 2026) against $3.4B for Molson Coors Beverage (Q3 2026).
Is Anheuser-Busch InBev SA or Molson Coors Beverage growing faster?
Molson Coors Beverage is more profitable, with an operating margin of 11.5% against 6.2%.
More: Anheuser-Busch InBev SA earnings · how Anheuser-Busch InBev SA makes money · Molson Coors Beverage earnings · how Molson Coors Beverage makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Jul 30, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.