America Movil, S.A.B. de C.V. Unsponsored ADR
AMX Communication Services Telecom Services
America Movil, S.A.B. de C.V. Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $52.5 billion, up 22.5% from fiscal 2024. In the quarter to June 2026, revenue grew 15.6%, EPS grew 23.7%, free cash flow fell 25.3% and total debt fell 8.01%, each against the same quarter a year earlier.
Follow AMX
America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) Beneish M-score
America Movil, S.A.B. de C.V. Unsponsored ADR's Beneish M-score for fiscal 2025 is −2.75; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.75 | 0.34 |
| FY2024 | −3.09 | (0.28) |
| FY2023 | −2.81 | (0.02) |
| FY2022 | −2.79 | 0.26 |
| FY2021 | −3.05 | 0.13 |
| FY2020 | −3.18 | (0.26) |
| FY2019 | −2.92 | 0.08 |
| FY2018 | −3.00 | 0.09 |
| FY2017 | −3.08 | (0.11) |
| FY2016 | −2.98 | 0.09 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.00 | — | 0.92 | |
| Gross margin index | 1.00 | — | 0.53 | |
| Asset quality index | 1.03 | — | 0.41 | |
| Sales growth index | 1.22 | — | 1.09 | |
| Depreciation index | 0.90 | — | 0.10 | |
| SG&A index | 1.02 | — | −0.18 | |
| Total accruals to total assets | (0.10) | — | −0.48 | |
| Leverage index | 0.97 | — | −0.32 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.75 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| ECHO EchoStar Corporation compare | −4.1× |
| ORANY Orange compare | −3.0× |
| VOD Vodafone Group PLC compare | −2.8× |
| T AT&T Inc. compare | −2.8× |
| AMX America Movil, S.A.B. de C.V. Unsponsored ADR | −2.8× |
| TMUS T-Mobile US, Inc. compare | −2.7× |
| CMCSA Comcast Corporation compare | −2.7× |
| VZ Verizon Communications Inc. compare | −2.7× |
| CHT Chunghwa Telecom Co., Ltd. compare | −2.7× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI