STOCK TITAN
  1. Home
  2. Financials
  3. FMX

Fomento Mexicano Financials

FMX
Source SEC Filings (10-K/10-Q) Updated Apr 24, 2026 Currency USD FYE April

This page shows Fomento Mexicano (FMX) financial statements, including the 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).

Rhea AI FMX FY2024

Earnings swing much more than sales, but a cash-rich balance sheet keeps this large asset base financially flexible.

The striking point is how elastic profit is relative to sales: after FY2023 reached a 10.9% net margin, FY2024 fell back to 5.2% even though revenue remained far above FY2021. Return on assets moved almost in lockstep, from 9.5% to 4.7%, which implies the issue was not just lower volume but weaker earnings extracted from each dollar tied up in the business.

Balance-sheet pressure looks contained because cash exceeds long-term debt: FY2024 held $6.7B of cash against $4.5B of long-term debt. A 1.7x current ratio adds another clue that near-term liquidity is being managed with internal resources, so the main variability here sits in profitability rather than solvency.

The business has become more reinvestment-heavy: capital spending rose from $892M in FY2021 to $2.1B in FY2024, yet net income in FY2024 was only modestly above FY2021. That mismatch suggests a sizable operating footprint that needs continuing upkeep and expansion, rather than an asset-light model where extra sales convert cleanly into owner earnings.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 33 / 100
Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Fomento Mexicano's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
43

Fomento Mexicano's revenue surged 24.6% year-over-year to $46.7B, reflecting rapid business expansion. This strong growth earns a score of 43/100.

Leverage
96

Fomento Mexicano carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
22

Fomento Mexicano's current ratio of 1.35 is below the typical benchmark, resulting in a score of 22/100. However, the company holds substantial cash reserves (51% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Returns
38

Fomento Mexicano's ROE of 10.0% shows moderate profitability relative to equity, earning a score of 38/100. This is down from 10.6% the prior year.

Piotroski F-Score Weak
2/9

Fomento Mexicano passes 2 of 9 financial strength tests. 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

Export CSV

Earnings & Revenue

Revenue
$46.7B
YoY+24.6%
5Y CAGR+13.5%

Fomento Mexicano generated $46.7B in revenue in fiscal year 2025. This represents an increase of 24.6% from the prior year.

EBITDA
N/A
Net Income
$1.8B
YoY-4.9%
5Y CAGR+57.7%

Fomento Mexicano reported $1.8B in net income in fiscal year 2025. This represents a decrease of 4.9% from the prior year.

EPS (Diluted)
$0.05

Fomento Mexicano earned $0.05 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$6.0B
YoY-10.6%
5Y CAGR+2.7%

Fomento Mexicano held $6.0B in cash against $5.3B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
2.02B

Fomento Mexicano had 2.02B shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
3.9%
YoY-1.2pp
5Y CAGR+3.2pp

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.

Return on Equity
10.0%
YoY-0.5pp
5Y CAGR+8.8pp

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.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$2.1B
YoY+2.1%
5Y CAGR+17.9%

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.

FMX Income Statement

Metric Q3'25 Q3'24 Q3'23 Q3'22 Q3'21 Q3'20 Q1'20 Q3'19
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

FMX Balance Sheet

Metric Q3'25 Q3'24 Q3'23 Q3'22 Q3'21 Q3'20 Q1'20 Q3'19
Total Assets $40.8B-14.4% $47.7B+16.4% $41.0B+14.0% $36.0B+4.4% $34.4B+1.8% $33.8B+2.7% $32.9B+12.1% $29.4B
Current Assets $16.4B-22.1% $21.1B+81.4% $11.6B+3.3% $11.2B+11.2% $10.1B+10.6% $9.2B-0.9% $9.2B+2.1% $9.0B
Cash & Equivalents $6.7B-15.3% $7.9B+60.4% $4.9B-1.2% $5.0B-4.8% $5.2B+59.2% $3.3B-10.2% $3.7B+11.5% $3.3B
Inventory $3.2B-6.1% $3.4B+7.9% $3.2B+28.7% $2.5B+12.1% $2.2B+1.8% $2.2B+11.6% $1.9B+7.3% $1.8B
Accounts Receivable $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 $7.0B-17.2% $8.5B-13.4% $9.8B+26.9% $7.7B-1.4% $7.8B+0.6% $7.8B+0.8% $7.7B+4.0% $7.4B
Total Liabilities $22.6B-10.8% $25.3B+7.0% $23.6B+20.5% $19.6B+3.3% $19.0B+14.8% $16.5B+5.8% $15.6B+27.4% $12.3B
Current Liabilities $9.7B-9.8% $10.8B+18.9% $9.1B+36.1% $6.7B+12.0% $6.0B-17.8% $7.2B+9.6% $6.6B+27.8% $5.2B
Long-Term Debt $4.5B-8.9% $5.0B+19.1% $4.2B+55.3% $2.7B+3.6% $2.6B+3.3% $2.5B+6.0% $2.4B N/A
Total Equity $18.3B-18.4% $22.4B+29.2% $17.3B+6.1% $16.3B+5.8% $15.4B-10.6% $17.3B0.0% $17.3B+1.1% $17.1B
Retained Earnings $14.7B-18.5% $18.0B+39.9% $12.9B+10.9% $11.6B+6.3% $10.9B-10.3% $12.2B+7.4% $11.3B+2.2% $11.1B

FMX Cash Flow Statement

Metric Q3'25 Q3'24 Q3'23 Q3'22 Q3'21 Q3'20 Q1'20 Q3'19
Operating Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

FMX Financial Ratios

Metric Q3'25 Q3'24 Q3'23 Q3'22 Q3'21 Q3'20 Q1'20 Q3'19
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A N/A N/A
Current Ratio 1.69-0.3 1.95+0.7 1.28-0.4 1.69-0.0 1.70+0.4 1.26-0.1 1.40-0.4 1.75
Debt-to-Equity 0.25+0.0 0.22-0.0 0.24+0.1 0.160.0 0.17+0.0 0.150.0 0.14-0.6 0.72
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Similar Companies

Ambev ABEV
$50.9B
Constelltn Bnds STZ
$26.0B
Anheuser Busch BUD
$161.4B
Molson Coors Beverage TAP
$8.0B
Coca-Cola Europacific Partners Plc CCEP
$41.7B

Frequently Asked Questions

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.

Fomento Mexicano (FMX) revenue grew by 24.6% year-over-year, from $37.5B to $46.7B in fiscal year 2025.

Yes, Fomento Mexicano (FMX) reported a net income of $1.8B in fiscal year 2025, with a net profit margin of 3.9%.

Fomento Mexicano (FMX) reported diluted earnings per share of $0.05 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, Fomento Mexicano (FMX) had $6.0B in cash and equivalents against $5.3B in long-term debt.

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.

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.

Fomento Mexicano (FMX) had $44.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Fomento Mexicano (FMX) invested $2.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Fomento Mexicano (FMX) had 2.02B shares outstanding as of fiscal year 2025.

Fomento Mexicano (FMX) had a current ratio of 1.35 as of fiscal year 2025, which is considered adequate.

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.

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.

Fomento Mexicano (FMX) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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.

Fomento Mexicano (FMX) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

Back to top