Heineken Past Earnings Performance
Past criteria checks 1/6
Heineken has been growing earnings at an average annual rate of 11.1%, while the Beverage industry saw earnings growing at 9.2% annually. Revenues have been growing at an average rate of 8.3% per year. Heineken's return on equity is 5.3%, and it has net margins of 3.4%.
Key information
11.1%
Earnings growth rate
11.3%
EPS growth rate
| Beverage Industry Growth | -1.0% |
| Revenue growth rate | 8.3% |
| Return on equity | 5.3% |
| Net Margin | 3.4% |
| Next Earnings Update | 12 Feb 2025 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Heineken makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 30,662 | 1,053 | 4,549 | 0 |
| 31 Mar 24 | 30,512 | 1,679 | 4,471 | 0 |
| 31 Dec 23 | 30,362 | 2,304 | 4,392 | 0 |
| 30 Sep 23 | 30,060 | 2,439 | 4,354 | 0 |
| 30 Jun 23 | 29,758 | 2,573 | 4,315 | 0 |
| 31 Mar 23 | 29,239 | 2,628 | 4,227 | 0 |
| 31 Dec 22 | 28,719 | 2,682 | 4,139 | 0 |
| 30 Sep 22 | 27,068 | 3,119 | 4,011 | 0 |
| 30 Jun 22 | 25,416 | 3,555 | 3,883 | 0 |
| 31 Mar 22 | 23,679 | 3,440 | 3,739 | 0 |
| 31 Dec 21 | 21,941 | 3,324 | 3,594 | 0 |
| 30 Sep 21 | 21,212 | 2,226 | 3,489 | 0 |
| 30 Jun 21 | 20,482 | 1,127 | 3,383 | 0 |
| 31 Mar 21 | 20,099 | 462 | 3,436 | 0 |
| 31 Dec 20 | 19,715 | -204 | 3,489 | 0 |
| 30 Sep 20 | 20,742 | 365 | 3,638 | 0 |
| 30 Jun 20 | 21,769 | 933 | 3,787 | 0 |
| 31 Mar 20 | 22,869 | 1,550 | 3,861 | 0 |
| 31 Dec 19 | 23,969 | 2,166 | 3,934 | 0 |
| 30 Sep 19 | 23,553 | 2,033 | 4,010 | 0 |
| 30 Jun 19 | 23,137 | 1,900 | 4,085 | 0 |
| 31 Mar 19 | 22,813 | 1,907 | 4,065 | 0 |
| 31 Dec 18 | 22,489 | 1,913 | 4,044 | 0 |
| 30 Sep 18 | 22,276 | 1,963 | 4,006 | 0 |
| 30 Jun 18 | 22,062 | 2,013 | 3,967 | 0 |
| 31 Mar 18 | 21,836 | 1,974 | 3,888 | 0 |
| 31 Dec 17 | 21,609 | 1,935 | 3,809 | 0 |
| 30 Sep 17 | 21,325 | 1,880 | 3,731 | 0 |
| 30 Jun 17 | 21,040 | 1,825 | 3,653 | 0 |
| 31 Mar 17 | 20,916 | 1,683 | 3,610 | 0 |
| 31 Dec 16 | 20,792 | 1,540 | 3,567 | 0 |
| 30 Sep 16 | 20,751 | 1,437 | 3,549 | 0 |
| 30 Jun 16 | 20,709 | 1,334 | 3,530 | 0 |
| 31 Mar 16 | 20,610 | 1,613 | 3,554 | 0 |
| 31 Dec 15 | 20,511 | 1,892 | 3,577 | 0 |
| 30 Sep 15 | 20,195 | 1,961 | 3,497 | 0 |
| 30 Jun 15 | 19,879 | 2,029 | 3,416 | 0 |
| 31 Mar 15 | 19,568 | 1,773 | 3,368 | 0 |
| 31 Dec 14 | 19,257 | 1,516 | 3,319 | 0 |
| 30 Sep 14 | 19,190 | 1,436 | 3,256 | 0 |
| 30 Jun 14 | 19,123 | 1,356 | 3,192 | 0 |
| 31 Mar 14 | 19,163 | 1,360 | 3,279 | 0 |
| 31 Dec 13 | 19,203 | 1,364 | 3,366 | 0 |
| 30 Sep 13 | 19,081 | 2,076 | 3,409 | 0 |
Quality Earnings: HEI has a large one-off loss of €728.0M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: HEI's current net profit margins (3.4%) are lower than last year (8.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HEI's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: HEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HEI had negative earnings growth (-59.1%) over the past year, making it difficult to compare to the Beverage industry average (-4.8%).
Return on Equity
High ROE: HEI's Return on Equity (5.3%) is considered low.