Fomento Mexicano Financials
Fomento Mexicano (FMX) reported $46.7B in revenue for fiscal year 2025, up 24.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FMX’s FY2025 rebound shows a working-capital-heavier growth model, with thinner net margins and softer liquidity.
The striking pattern is FY2025’s volume rebound without an earnings rebound: revenue reached$46.7B , but net margin slipped to3.9% from5.2% in FY2024 and10.9% in FY2023. At the same time, inventory and receivables rose to about$6.5B combined while the current ratio fell to 1.3x, suggesting more sales were tied up in day-to-day operations and less converted into residual profit.
Across FY2023-FY2025, asset use actually became more productive: FY2025 revenue of
The balance sheet looks less constrained by long-term borrowing than by short-term obligations: cash of
Financial Health Signals
Fomento Mexicano does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Fomento Mexicano passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 2 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Key Financial Metrics
Earnings & Revenue
Fomento Mexicano generated $46.7B in revenue in fiscal year 2025. This represents an increase of 24.6% from the prior year.
Fomento Mexicano reported $1.8B in net income in fiscal year 2025. This represents a decrease of 4.9% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Fomento Mexicano held $6.0B in cash against $5.3B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Fomento Mexicano's net profit margin was 3.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.
Fomento Mexicano's ROE was 10.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Fomento Mexicano invested $2.1B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
FMX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.7B+24.6% | $37.5B-9.9% | $41.6B+20.4% | $34.5B+27.3% | $27.1B+9.4% | $24.8B-7.8% | $26.9B+12.3% | $23.9B+2.0% | $23.4B |
| Income Tax | N/A | N/A | N/A | $738.0M+6.0% | $696.0M-6.6% | $745.0M+34.2% | $555.0M+7.1% | $518.0M-3.9% | $539.0M |
| Net Income | $1.8B-4.9% | $1.9B-57.5% | $4.5B+154.3% | $1.8B-2.8% | $1.8B+876.6% | $188.0M-87.4% | $1.5B-11.6% | $1.7B-11.1% | $1.9B |
| EPS (Diluted) | $0.05 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense.
FMX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $44.2B+8.3% | $40.8B-14.4% | $47.7B+16.4% | $41.0B+14.0% | $36.0B+4.4% | $34.4B+1.8% | $33.8B+15.2% | $29.4B-2.0% | $30.0B |
| Current Assets | $15.7B-4.2% | $16.4B-22.1% | $21.1B+81.4% | $11.6B+3.3% | $11.2B+11.2% | $10.1B+10.6% | $9.2B+1.2% | $9.0B-2.0% | $9.2B |
| Cash & Equivalents | $6.0B-10.6% | $6.7B-15.3% | $7.9B+60.4% | $4.9B-1.2% | $5.0B-4.8% | $5.2B+59.2% | $3.3B+0.2% | $3.3B-33.4% | $4.9B |
| Inventory | $3.9B+19.2% | $3.2B-6.1% | $3.4B+7.9% | $3.2B+28.7% | $2.5B+12.1% | $2.2B+1.8% | $2.2B+19.7% | $1.8B+2.4% | $1.8B |
| Accounts Receivable | $2.7B+29.6% | $2.1B-10.0% | $2.3B-1.5% | $2.3B+41.3% | $1.7B+16.4% | $1.4B | N/A | N/A | N/A |
| Goodwill | $96.0M-98.6% | $7.0B-17.2% | $8.5B-13.4% | $9.8B+26.9% | $7.7B-1.4% | $7.8B+0.6% | $7.8B+4.8% | $7.4B-5.5% | $7.8B |
| Total Liabilities | $25.9B+14.9% | $22.6B-10.8% | $25.3B+7.0% | $23.6B+20.5% | $19.6B+3.3% | $19.0B+14.8% | $16.5B+34.8% | $12.3B-4.3% | $12.8B |
| Current Liabilities | $11.7B+19.9% | $9.7B-9.8% | $10.8B+18.9% | $9.1B+36.1% | $6.7B+12.0% | $6.0B-17.8% | $7.2B+40.1% | $5.2B-3.4% | $5.3B |
| Long-Term Debt | $5.3B+16.3% | $4.5B-8.9% | $5.0B+19.1% | $4.2B+55.3% | $2.7B+3.6% | $2.6B+3.3% | $2.5B | N/A | N/A |
| Total Equity | $18.3B+0.1% | $18.3B-18.4% | $22.4B+29.2% | $17.3B+6.1% | $16.3B+5.8% | $15.4B-10.6% | $17.3B+1.1% | $17.1B-0.4% | $17.2B |
| Retained Earnings | $15.5B+5.4% | $14.7B-18.5% | $18.0B+39.9% | $12.9B+10.9% | $11.6B+6.3% | $10.9B-10.3% | $12.2B+9.8% | $11.1B+7.9% | $10.3B |
FMX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2.1B |
| Capital Expenditures | $2.1B+2.1% | $2.1B+1.7% | $2.1B+33.0% | $1.5B+73.7% | $892.0M-4.9% | $938.0M-22.9% | $1.2B+10.6% | $1.1B+3.6% | $1.1B |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.0B |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.6B |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.1B |
| Dividends Paid | $2.8B+130.5% | $1.2B+8.2% | $1.1B+23.8% | $898.0M+37.5% | $653.0M-18.2% | $798.0M+10.4% | $723.0M+9.7% | $659.0M+3.9% | $634.0M |
Not reported in any period shown, so not listed: Share Buybacks.
FMX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 3.9%-1.2pp | 5.1%-5.8pp | 10.9%+5.7pp | 5.2%-1.6pp | 6.8%+6.0pp | 0.8%-4.8pp | 5.5%-1.5pp | 7.0%-1.0pp | 8.1% |
| Return on Equity | 10.0%-0.5pp | 10.6%-9.7pp | 20.3%+10.0pp | 10.3%-0.9pp | 11.2%+10.0pp | 1.2%-7.4pp | 8.6%-1.2pp | 9.8%-1.2pp | 11.1% |
| Return on Assets | 4.2%-0.6pp | 4.7%-4.8pp | 9.5%+5.2pp | 4.3%-0.8pp | 5.1%+4.6pp | 0.5%-3.9pp | 4.4%-1.3pp | 5.7%-0.6pp | 6.3% |
| Current Ratio | 1.35-0.3x | 1.69-0.3x | 1.95+0.7x | 1.28-0.4x | 1.690.0x | 1.70+0.4x | 1.26-0.5x | 1.750.0x | 1.73 |
| Debt-to-Equity | 0.290.0x | 0.250.0x | 0.220.0x | 0.24+0.1x | 0.160.0x | 0.170.0x | 0.15-0.6x | 0.720.0x | 0.75 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.4% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
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Where Fomento Mexicano Ranks
Frequently Asked Questions
What is Fomento Mexicano's annual revenue?
Fomento Mexicano (FMX) reported $46.7B in total revenue for fiscal year 2025. This represents a 24.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fomento Mexicano's revenue growing?
Fomento Mexicano (FMX) revenue grew by 24.6% year-over-year, from $37.5B to $46.7B in fiscal year 2025.
Is Fomento Mexicano profitable?
Yes, Fomento Mexicano (FMX) reported a net income of $1.8B in fiscal year 2025, with a net profit margin of 3.9%.
How much debt does Fomento Mexicano have?
As of fiscal year 2025, Fomento Mexicano (FMX) had $6.0B in cash and equivalents against $5.3B in long-term debt.
What is Fomento Mexicano's net profit margin?
Fomento Mexicano (FMX) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Fomento Mexicano's return on equity (ROE)?
Fomento Mexicano (FMX) has a return on equity of 10.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are Fomento Mexicano's total assets?
Fomento Mexicano (FMX) had $44.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fomento Mexicano's capital expenditures?
Fomento Mexicano (FMX) invested $2.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Fomento Mexicano's current ratio?
Fomento Mexicano (FMX) had a current ratio of 1.35 as of fiscal year 2025, which is considered adequate.
What is Fomento Mexicano's debt-to-equity ratio?
Fomento Mexicano (FMX) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fomento Mexicano's return on assets (ROA)?
Fomento Mexicano (FMX) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fomento Mexicano's Piotroski F-Score?
Fomento Mexicano (FMX) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.