Compañía Cervecerías Unidas S.A. (CCU) Key Metrics
CCU key metrics, 2016–2025
Fiscal year ended December 31, 2025 · CLPCCU returns How much profit the business earns on the capital it uses.
CCU financial health Debt, liquidity and how easily interest is covered.
CCU efficiency & capital use Working capital cycle and where the cash goes.
CCU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CCU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CCU cash returned to shareholders
CCU key metrics in CLP
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.4% | 11.7% | 8.3% | 9.0% | 30.4% | — | 20.3% | 25.8% | 11.9% | 11.1% |
| Return on invested capital (ROIC) | 9.0% | 12.6% | 12.0% | 11.9% | 29.9% | — | 30.0% | 28.5% | 15.5% | 15.0% |
| Return on assets (ROA) | 2.9% | 4.3% | 3.0% | 3.7% | 14.0% | — | 10.8% | 14.0% | 6.7% | 6.4% |
| Return on tangible assets | 3.3% | 4.5% | 3.4% | 3.6% | 7.8% | — | — | 14.2% | 7.2% | 7.0% |
| Free cash flow margin | 3.3% | 4.4% | 6.4% | −3.2% | 4.9% | 8.5% | 5.6% | 9.8% | 8.0% | — |
| Income quality (OCF / net income) | 2.04 | 1.79 | 2.78 | 1.00 | 1.47 | 2.92 | 1.86 | 1.00 | 2.02 | — |
| Financial health | ||||||||||
| Total debt | CLP 1.33T | CLP 1.41T | CLP 1.33T | CLP 1.37T | CLP 573.65B | CLP 706.7M | CLP 424.2M | CLP 270.64B | CLP 189.11B | CLP 160.49B |
| Cash & short-term investments | CLP 530.62B | CLP 707.95B | CLP 621.47B | CLP 609.04B | CLP 279.58B | CLP 575.1M | CLP 274.2M | CLP 330.02B | CLP 180.77B | CLP 142.20B |
| Net debt | CLP 796.95B | CLP 706.63B | CLP 707.79B | CLP 763.52B | CLP 294.07B | CLP 131.6M | CLP 150.0M | −CLP 59.39B | CLP 8.34B | CLP 18.29B |
| Debt / equity | 0.90 | 0.93 | 1.09 | 1.04 | 0.44 | 0.39 | 0.24 | 0.21 | 0.17 | 0.15 |
| Debt / assets | 0.35 | 0.35 | 0.39 | 0.38 | 0.20 | 0.20 | 0.14 | 0.11 | 0.10 | 0.09 |
| Net debt / EBITDA | 2.43 | 1.70 | 1.97 | 2.26 | 0.65 | 0.00 | 0.00 | −0.12 | 0.03 | 0.07 |
| Current ratio | 1.90 | 2.06 | 2.33 | 2.08 | 1.40 | 1.84 | 1.63 | 1.46 | 1.56 | 1.54 |
| Quick ratio | 1.34 | 1.50 | 1.69 | 1.46 | 0.93 | 1.37 | 1.12 | 1.09 | 1.11 | 1.07 |
| Interest coverage | 2.7 | 2.7 | 3.1 | 2.9 | 9.3 | 6.1 | 8.4 | 20.1 | 9.4 | 9.5 |
| Working capital | CLP 717.50B | CLP 911.26B | CLP 914.20B | CLP 864.80B | CLP 310.26B | CLP 617.1M | CLP 406.9M | CLP 295.28B | CLP 261.53B | CLP 239.07B |
| Invested capital | CLP 2.27T | CLP 2.23T | CLP 1.93T | CLP 2.08T | CLP 1.60T | CLP 1.96B | CLP 1.92B | CLP 1.22T | CLP 1.11T | CLP 1.10T |
| Tangible asset value | CLP 1.23T | CLP 1.27T | CLP 1.06T | CLP 1.13T | CLP 1.14T | CLP 1.64B | CLP 1.59B | CLP 1.15T | CLP 1.06T | CLP 1.03T |
| Net current asset value | −CLP 625.42B | −CLP 545.93B | −CLP 484.88B | −CLP 497.16B | −CLP 329.86B | −CLP 220.3M | −CLP 161.6M | −CLP 75.74B | −CLP 19.12B | CLP 10.10B |
| Capital allocation | ||||||||||
| Dividends paid | CLP 74.47B | CLP 81.80B | CLP 65.58B | CLP 158.32B | CLP 274.14B | CLP 102.14B | CLP 218.04B | CLP 74.83B | CLP 75.13B | CLP 69.82B |
| Share buybacks (net) | CLP 0 | CLP 29.51B | CLP 10.70B | CLP 0 | CLP 12.21B | CLP 86.9M | CLP 0 | CLP 49.22B | CLP 7.80B | CLP 19.11B |
| Dividend payout ratio | 66.9% | 50.8% | 62.1% | 134.0% | 137.6% | 106.2% | 167.5% | 24.4% | 58.0% | 58.9% |
| Dividends + buybacks / free cash flow | 81.0% | 87.4% | 46.3% | — | 235.7% | 64.7% | 214.1% | 70.7% | 60.8% | 0.0% |
| Capex / revenue | 4.9% | 5.5% | 5.0% | 7.5% | 6.9% | 6.6% | 7.7% | 7.4% | 7.4% | 8.3% |
| Capex / operating cash flow | 59.6% | 55.7% | 44.0% | 172.3% | 58.6% | 43.7% | 58.0% | 42.8% | 48.0% | 0.1% |
| Capex / depreciation | 0.92 | 1.04 | 1.07 | 1.67 | 1.42 | 1.14 | 1.37 | 1.41 | 1.36 | 1.54 |
| SG&A / revenue | 27.2% | 25.9% | 26.0% | 25.5% | 24.1% | 25.6% | 25.5% | 26.2% | 25.5% | 27.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 68.8 | 64.6 | 70.0 | 59.8 | 28.6 | 0.1 | 34.2 | 62.0 | 55.3 | 56.5 |
| Days of inventory on hand | 109.9 | 105.4 | 124.3 | 104.2 | 51.9 | 0.1 | 47.7 | 95.0 | 95.6 | 95.8 |
| Days payables outstanding | 95.2 | 90.1 | 103.6 | 104.9 | 63.6 | 0.1 | 50.6 | 102.1 | 101.7 | 97.9 |
| Cash conversion cycle (days) | 83.5 | 79.9 | 90.8 | 59.1 | 16.9 | 0.1 | 31.3 | 54.8 | 49.2 | 54.4 |
| Receivables turnover | 5.31 | 5.65 | 5.21 | 6.10 | 12.75 | 4,533.46 | 10.66 | 5.89 | 6.60 | 6.46 |
| Payables turnover | 3.84 | 4.05 | 3.52 | 3.48 | 5.74 | 2,847.15 | 7.21 | 3.57 | 3.59 | 3.73 |
| Inventory turnover | 3.32 | 3.46 | 2.94 | 3.50 | 7.04 | 2,915.42 | 7.66 | 3.84 | 3.82 | 3.81 |
| Asset turnover | 0.71 | 0.78 | 0.73 | 0.84 | 1.74 | 555.80 | 1.51 | 0.81 | 0.88 | 0.84 |
| Average receivables | CLP 521.33B | CLP 513.96B | CLP 492.26B | CLP 444.27B | CLP 194.81B | CLP 409.8M | CLP 170.95B | CLP 302.67B | CLP 257.35B | CLP 241.21B |
| Average payables | CLP 401.12B | CLP 392.61B | CLP 391.12B | CLP 435.20B | CLP 225.08B | CLP 345.6M | CLP 126.00B | CLP 240.63B | CLP 222.52B | CLP 199.02B |
| Average inventory | CLP 463.15B | CLP 459.29B | CLP 469.61B | CLP 432.31B | CLP 183.50B | CLP 337.5M | CLP 118.64B | CLP 223.77B | CLP 209.13B | CLP 194.77B |
| Intangibles / total assets | 10.3% | 10.2% | 8.2% | 8.6% | 9.9% | 9.7% | 10.6% | 10.1% | 8.7% | 9.3% |
Computed from CCU's annual financial statements (latest annual report filed April 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in CLP; data from EODHD. Averages use the opening and closing balance of each year.
CCU valuation and financial ratios
Compañía Cervecerías Unidas earned a return on equity of 7.4% and a return on invested capital of 9.0% in fiscal 2025. It ended the year with CLP 1.33 trillion of debt and CLP 530.6 billion in cash and short-term investments, net debt of CLP 796.9 billion. It returned CLP 74.5 billion to shareholders: CLP 74.5 billion in dividends and CLP 0 in share buybacks, 81% of free cash flow.
See the CCU income statement, the CCU chart for price history, or the CCU stock overview for the latest quote and news.
CCU key metrics FAQ
What is Compañía Cervecerías Unidas's return on equity?
Compañía Cervecerías Unidas's return on equity (ROE) was 7.4% in fiscal 2025: net income of CLP 111.4 billion on average shareholders' equity of CLP 1.50 trillion.
What is Compañía Cervecerías Unidas's ROIC?
Compañía Cervecerías Unidas's return on invested capital was 9.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Compañía Cervecerías Unidas have?
Compañía Cervecerías Unidas had total debt of CLP 1.33 trillion at the end of fiscal 2025, a debt-to-equity ratio of 0.90 and CLP 796.9 billion of net debt (2.43 times EBITDA).
What is Compañía Cervecerías Unidas's current ratio?
Compañía Cervecerías Unidas's current ratio was 1.90 at the end of fiscal 2025: current assets were 1.90 times current liabilities.