FMX financial statements
The full income statement, balance sheet, and cash-flow statement for Fomento Economico Mexicano S.A.B. de C.V. (FMX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 43.8B+2.8% | 42.6B+7.5% | 39.6B+33.4% | 29.7B+19.1% | 24.9B+8.6% | |
| 17.8B+1.6% | 17.5B+11.2% | 15.8B+31.1% | 12.0B+18.1% | 10.2B+15.1% | ||
| Cost of revenue | 26.0B+3.8% | 25.1B+5.1% | 23.9B+34.9% | 17.7B+19.8% | 14.8B+4.5% | |
| Pre-tax income | 2.76B-23.0% | 3.58B-29.2% | 5.05B+106.7% | 2.44B-4.6% | 2.56B | |
| Income tax | 1.04B-30.4% | 1.49B-3.0% | 1.54B+101.4% | 764M+2.3% | 747M+8.2% | |
| Net income | 1.72B-21.5% | 2.19B-49.3% | 4.32B+150.1% | 1.73B-7.0% | 1.86B+962.0% | |
| Dividends per share | — | $4.84+63.4% | $2.96+21.5% | $2.44+31.8% | $1.85-10.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 15.8B-4.6% | 16.5B-21.3% | 21.0B+80.9% | 11.6B+3.1% | 11.3B+11.2% | ||
| Cash & equivalents | 6.01B-10.9% | 6.75B-30.7% | 9.73B+127.5% | 4.28B-10.0% | 4.75B-12.2% | |
| Accounts receivable | 2.69B+29.1% | 2.08B-9.0% | 2.29B-1.8% | 2.33B+41.0% | 1.65B+16.4% | |
| Inventory | 3.87B+18.8% | 3.25B-5.2% | 3.43B+7.6% | 3.19B+28.4% | 2.48B+12.1% | |
| 44.3B+7.8% | 41.1B-13.5% | 47.5B+16.0% | 40.9B+13.7% | 36.0B+4.5% | ||
| Property, plant & equipment | 10.6B+23.3% | 8.56B+2.7% | 8.34B+21.4% | 6.87B+22.2% | 5.62B-1.3% | |
| Total non-current assets | 28.5B+16.2% | 24.6B-7.3% | 26.5B-9.7% | 29.3B+18.6% | 24.7B+1.6% | |
| 11.7B+19.4% | 9.79B-8.9% | 10.7B+18.5% | 9.07B+35.9% | 6.67B+12.0% | ||
| Short-term & current debt | 824M+479.9% | 142M-59.8% | 354M-58.1% | 845M+556.3% | 129M-41.0% | |
| 26.0B+14.4% | 22.7B-9.9% | 25.2B+6.6% | 23.6B+20.3% | 19.6B+3.3% | ||
| Long-term debt | 7.07B+3.6% | 6.83B-9.8% | 7.57B-14.9% | 8.89B-2.1% | 9.08B+0.3% | |
| 13.6B-5.0% | 14.4B-19.9% | 17.9B+33.1% | 13.5B+5.0% | 12.8B+7.1% | ||
| Total equity incl. non-controlling | 18.3B-0.3% | 18.4B-17.6% | 22.3B+28.8% | 17.3B+5.9% | 16.4B+5.8% | |
| Common shares issued | — | 71.6M+0.0% | 71.6M+0.0% | 71.6M+0.0% | 71.6M+0.0% | |
| Common shares outstanding | — | 358M+0.0% | 358M+0.0% | 358M+0.0% | 358M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Depreciation & amortization | 2.30B+7.3% | 2.14B+11.7% | 1.92B+41.1% | 1.36B+8.5% | 1.25B-4.1% | |
| Capital expenditure | — | 2.38B+21.2% | 1.96B+34.4% | 1.46B+68.5% | 867M-0.3% | |
| Long-term debt issued | 590M+797.5% | 65.8M-89.6% | 634M-19.7% | 789M-59.9% | 1.97B-67.4% | |
| Long-term debt repaid | 94.6M-72.7% | 347M-85.8% | 2.45B+397.9% | 492M-74.3% | 1.91B-35.2% | |
| Dividends paid | 2.93B+69.2% | 1.73B+63.4% | 1.06B+21.5% | 872M+31.8% | 662M-10.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 36.0B+17.7% | 30.6B-34.4% | 46.6B+66.9% | 28.0B+0.5% | 27.8B+2.6% | |
| P/E | 16.4×+17.7% | 14.0×-48.3% | 27.0×+79.4% | 15.0×+0.5% | 15.0×-90.3% | |
| P/S | 0.8×+17.7% | 0.7×-54.2% | 1.6×+40.1% | 1.1×+0.5% | 1.1×-5.5% | |
| P/B | 2.5×+17.7% | 2.1×-38.5% | 3.5×+58.9% | 2.2×+0.5% | 2.2×-4.3% | |
| P/FCF | 33.0×+17.7% | 28.0×-34.4% | 42.7×+66.9% | 25.6×+0.5% | 25.5×+2.6% | |
| Earnings yield | 6.1%-15.1% | 7.2%+93.3% | 3.7%-44.3% | 6.6%-0.5% | 6.7%+935.5% | |
| FCF yield | 3.0%-15.1% | 3.6%+52.5% | 2.3%-40.1% | 3.9%-0.5% | 3.9%-2.5% | |
| Dividend yield | — | 5.7%+149.2% | 2.3%-27.2% | 3.1%+31.1% | 2.4%-12.8% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: FMX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FMX filings on SEC EDGAR → Not investment advice.