Global brewer with premium beer, cider, and beverage brands distributed across Europe, the Americas, Africa, and Asia.
Profile & Fundamentals
Heineken: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Heineken Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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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
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
- Market Cap
- EUR 38.5B
- P/E
- 10.4x
- 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
- 259.2M
- 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
Latest: 548.7M | Max: 576.3M | Min: 548.7M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
47.24%
259.2M latest reported shares
Insider Ownership
51.02%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| 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 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Heineken's headline results tell a story of cost management triumphing over sluggish consumer demand. In fiscal 2025, revenue dipped 3.6% to 28.8 billion euros, but net profit rebounded sharply to 1.89 billion euros after moving past prior-year accounting write-downs. First-half 2026 performance proved that this operational turnaround is taking hold, with organic operating profit growing 6.7% even though total beer volume was virtually flat. The real engine behind these numbers is deliberate internal self-help. Management eliminated 3,000 corporate positions under the EverGreen productivity program, delivering hundreds of millions in overhead savings. Paired with strong demand for premium brands and alcohol-free beers, disciplined pricing has protected cash flow despite cost-of-living pressures in Europe.
Heineken's headline results tell a story of cost management triumphing over sluggish consumer demand. In fiscal 2025, revenue dipped 3.6% to 28.8 billion euros, but net profit rebounded sharply to 1.89 billion euros after moving past prior-year accounting write-downs. First-half 2026 performance proved that this operational turnaround is taking hold, with organic operating profit growing 6.7% even though total beer volume was virtually flat. The real engine behind these numbers is deliberate internal self-help. Management eliminated 3,000 corporate positions under the EverGreen productivity program, delivering hundreds of millions in overhead savings. Paired with strong demand for premium brands and alcohol-free beers, disciplined pricing has protected cash flow despite cost-of-living pressures in Europe.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 28.8B | Max: EUR 30.4B | Min: EUR -204.0M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 16x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability is rebounding from post-pandemic cost shocks thanks to a powerful product mix shift and structural cost cuts. First-half 2026 operating margin expanded 55 basis points to 14.6%. Favorable pricing and the rapid growth of high-margin premium lagers and Heineken 0.0 helped offset stubborn inflation in aluminum cans, glass bottles, and brewery energy. Looking ahead, operating margins are expected to approach 15.5% as productivity savings compound. Because zero-alcohol beverages carry no excise tax burdens, their double-digit volume growth acts as a structural margin booster. This allows the business to expand operating profitability even if broader consumer beer consumption remains flat.
Profitability is rebounding from post-pandemic cost shocks thanks to a powerful product mix shift and structural cost cuts. First-half 2026 operating margin expanded 55 basis points to 14.6%. Favorable pricing and the rapid growth of high-margin premium lagers and Heineken 0.0 helped offset stubborn inflation in aluminum cans, glass bottles, and brewery energy. Looking ahead, operating margins are expected to approach 15.5% as productivity savings compound. Because zero-alcohol beverages carry no excise tax burdens, their double-digit volume growth acts as a structural margin booster. This allows the business to expand operating profitability even if broader consumer beer consumption remains flat.
Profitability Margins
Latest: 35.8% | Max: 41.0% | Min: -1.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
35.8%
Gross profit / revenue
Operating Margin
11.8%
Operating income / revenue
Net Margin
6.6%
Net income / revenue
FCF Margin
9.1%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 22,039,520,000 | 1,632,400,000 | 2,078,660,000 |
| 2017-12-31 | 25,714,710,000 | 2,302,650,000 | 2,601,340,000 |
| 2018-12-31 | 25,637,460,000 | 2,169,420,000 | 2,850,000,000 |
| 2019-12-31 | 26,845,280,000 | 2,425,920,000 | 2,504,320,000 |
| 2020-12-31 | 24,052,300,000 | -248,880,000 | 1,825,120,000 |
| 2021-12-31 | 25,236,180,000 | 3,789,360,000 | 2,945,760,000 |
| 2022-12-31 | 30,729,330,000 | 2,869,740,000 | 2,658,950,000 |
| 2023-12-31 | 33,398,200,000 | 2,534,400,000 | 1,928,300,000 |
| 2024-12-31 | 31,013,840,000 | 1,017,120,000 | 3,451,760,000 |
| 2025-12-31 | 33,641,010,000 | 2,205,450,000 | 3,053,700,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| 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 |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 39.38 | 14.39 | 7.41 | 9.43 |
| 2017-12-31 | 40.21 | 14.95 | 8.95 | 10.12 |
| 2018-12-31 | 39.66 | 14.58 | 8.46 | 11.12 |
| 2019-12-31 | 41.01 | 15.44 | 9.04 | 9.33 |
| 2020-12-31 | 36.25 | 10.24 | -1.03 | 7.59 |
| 2021-12-31 | 38.72 | 14.93 | 15.02 | 11.67 |
| 2022-12-31 | 39.56 | 14.21 | 9.34 | 8.65 |
| 2023-12-31 | 35.25 | 10.64 | 7.59 | 5.77 |
| 2024-12-31 | 35.24 | 11.79 | 3.28 | 11.13 |
| 2025-12-31 | 35.78 | 11.85 | 6.56 | 9.08 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-22.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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