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Sunday 1 November 2026
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Fomento Economico Mexicano S.A.B. de C.V.
FMX Consumer Defensive Beverages Brewers
Fomento Economico Mexicano S.A.B. de C.V.’s revenue for fiscal 2025 (year ended December 2025) was $46.7 billion, up 24.6% from fiscal 2024.
- Revenue
- +22.5%
- EPS
- +132.5%
- Free cash flow
- +401.8%
- Total debt
- +0.71%
Quarter to June 2026, against a year earlier
126.10
1.82
+1.46%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
33.02 | 15.75 | 11.56 | 19.69 | 19.43 | 136.35 | 33.51 | 23.77 | 13.05 | 23.31 |
Piotroski F-Score |
5 | 6 | 8 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
P/S ratio |
0.76 | 0.72 | 1.10 | 0.81 | 1.02 | 0.48 | 1.26 | 1.29 | 1.47 | 1.41 |
Altman Z-Score |
2.79 | 2.69 | 3.06 | 2.31 | 2.44 | 1.89 | 2.85 | 3.26 | 3.23 | 2.76 |
Altman Z″-Score (non-manufacturers) |
3.10 | 3.65 | 4.17 | 2.71 | 3.24 | 3.11 | 3.17 | 4.07 | 3.86 | 3.01 |
P/FCF ratio |
17.62 | 0.00 | 0.00 | 22.36 | 8.03 | 0.00 | 6.02 | 6.48 | 6.71 | 5.41 |
Beneish M-Score |
(2.45) | (2.72) | (2.58) | (2.39) | (2.61) | (3.01) | (2.61) | (2.62) | (2.32) | (2.56) |
P/Operating CF |
14.06 | 12.05 | 18.07 | 10.97 | 10.96 | 4.68 | 13.33 | 12.14 | 13.59 | 10.78 |
Dividend Safety Score |
16 | — | — | — | — | — | — | — | — | — |
P/B ratio |
1.95 | 1.36 | 2.05 | 1.60 | 1.70 | 0.77 | 1.96 | 1.80 | 2.01 | 1.97 |
Price to Tangible BV |
3.49 | 2.09 | 3.29 | 3.69 | 3.22 | 1.56 | 3.56 | 3.18 | 3.70 | 4.24 |
EV/Sales |
0.80 | 0.67 | 1.00 | 0.95 | 1.14 | 0.64 | 1.33 | 1.36 | 1.54 | 1.64 |
EV/EBITDA |
9.18 | 6.30 | 9.81 | 10.67 | 12.14 | 7.30 | 13.61 | 14.76 | 16.73 | 17.30 |
EV/Operating CF |
4.08 | 5.24 | 7.57 | 5.36 | 3.95 | 4.01 | 3.48 | 3.55 | 3.92 | 3.42 |
EV/FCF |
18.37 | (99.76) | (144.21) | 26.36 | 8.97 | (22.72) | 6.38 | 6.85 | 7.02 | 6.30 |
Quick Ratio |
0.99 | 1.25 | 1.47 | 0.90 | 1.29 | 1.30 | 0.93 | 1.37 | 1.37 | 0.95 |
Current Ratio |
1.35 | 1.69 | 1.95 | 1.28 | 1.69 | 1.70 | 1.26 | 1.75 | 1.73 | 1.37 |
Net Debt/EBITDA |
0.24 | (0.33) | (0.68) | 1.07 | 0.82 | 1.12 | 0.52 | 0.57 | 0.53 | 1.80 |
Debt/Assets |
19.69% | 17.40% | 16.98% | 24.00% | 25.84% | 27.55% | 18.50% | 22.32% | 22.32% | 25.52% |
Debt/Equity |
0.48 | 0.39 | 0.36 | 0.57 | 0.57 | 0.61 | 0.36 | 0.38 | 0.39 | 0.49 |
Asset Turnover |
1.10 | 0.85 | 0.94 | 0.90 | 0.77 | 0.73 | 0.85 | 0.81 | 0.83 | 0.77 |
Operating CF/Net income |
3.66 | 2.67 | 0.76 | 3.03 | 2.57 | 14.22 | 2.98 | 2.06 | 0.96 | 2.37 |
Capex/Depreciation |
(0.94) | (1.18) | (1.10) | (1.05) | (0.69) | (0.70) | (0.95) | (1.33) | (1.34) | (1.52) |
Interest Coverage |
3.42 | 3.52 | 4.80 | 3.67 | 3.09 | 2.47 | 3.52 | 4.41 | 3.81 | 3.93 |
| 5.90% | 6.31% | 19.57% | 7.30% | 8.74% | 1.15% | 6.39% | 7.13% | 13.92% | 7.34% | |
| 2.54% | 2.90% | 8.77% | 3.19% | 3.94% | 0.55% | 3.48% | 4.12% | 7.66% | 4.08% | |
ROIC |
12.77% | 12.78% | 14.59% | 8.61% | 8.16% | 6.99% | 8.51% | 7.31% | 7.18% | 6.26% |
Return on Tangible Assets |
7.39% | 8.44% | 20.83% | 13.04% | 13.61% | 1.91% | 13.75% | 12.98% | 21.99% | 15.78% |
Average Days of Receivables |
34.09 | 32.40 | 30.96 | 35.18 | 34.12 | 33.58 | 34.86 | 34.69 | 34.58 | 32.38 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
31.95% | 32.12% | 31.46% | 28.49% | 29.00% | 29.70% | 27.99% | 28.08% | 27.79% | 27.60% |
Intangible Assets out of Total Assets |
0.18 | 0.17 | 0.18 | 0.24 | 0.21 | 0.23 | 0.23 | 0.25 | 0.26 | 0.28 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.29) | (0.23) | (0.09) | (0.43) | (0.30) | (0.75) | (0.22) | (0.10) | (0.10) | (0.25) |
Graham Number |
59.77 | 0.00 | 125.13 | 65.65 | 64.13 | 35.11 | 55.36 | 62.40 | 89.28 | 53.53 |
Earnings Yield |
3.03% | 6.35% | 8.65% | 5.08% | 5.15% | 0.73% | 2.98% | 4.21% | 7.66% | 4.29% |
Free Cash Flow Yield |
5.68% | (0.94%) | (0.63%) | 4.47% | 12.45% | (5.89%) | 16.62% | 15.43% | 14.91% | 18.48% |
Revenue per Share |
132.44 | 106.27 | 116.42 | 96.63 | 75.86 | 158.18 | 75.13 | 66.91 | 65.58 | 54.21 |
Operating CF per Share |
11.19 | 9.72 | 8.23 | 10.42 | 9.97 | 17.06 | 9.14 | 7.03 | 5.83 | 6.80 |
Capex per Share |
(6.51) | (6.31) | (6.17) | (4.59) | (2.64) | (6.32) | (3.63) | (3.26) | (3.37) | (2.83) |
Free Cash Flow per Share |
4.68 | 3.41 | 2.06 | 5.83 | 7.33 | 10.74 | 5.51 | 3.77 | 2.46 | 3.98 |
Cash per Share |
20.34 | 25.13 | 34.58 | 13.62 | 16.95 | 34.96 | 11.73 | 13.37 | 14.22 | 6.31 |
Shareholders Equity per Share |
51.87 | 51.82 | 62.70 | 48.49 | 45.70 | 98.57 | 48.30 | 47.79 | 47.99 | 38.84 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
51.87 | 51.82 | 62.70 | 48.49 | 45.70 | 98.57 | 48.30 | 47.79 | 47.99 | 38.84 |
Free Cash Flow |
1,650.00 | 1,203.00 | 736.00 | 2,084.00 | 2,622.00 | 1,683.00 | 1,970.00 | 1,348.00 | 878.00 | 1,421.00 |
Working Capital |
4,060.00 | 6,684.00 | 10,284.00 | 2,543.00 | 4,582.00 | 4,165.00 | 1,911.00 | 3,878.00 | 3,878.00 | 1,536.00 |
Capital Expenditures |
(2,296.00) | (2,226.00) | (2,205.00) | (1,639.00) | (942.00) | (990.00) | (1,298.00) | (1,166.00) | (1,206.00) | (1,010.00) |
Net Current Asset Value |
(10,186.00) | (6,141.00) | (4,219.00) | (12,029.00) | (8,368.00) | (8,868.00) | (7,381.00) | (3,221.00) | (3,586.00) | (6,863.00) |
EV/EBIT |
9.18 | 6.30 | 9.81 | 10.67 | 12.14 | 7.30 | 13.61 | 14.76 | 16.73 | 17.30 |
Capex to Sales |
0.05 | 0.06 | 0.05 | 0.05 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
Price to Operating Income |
8.80 | 6.69 | 10.82 | 9.05 | 10.87 | 5.46 | 12.83 | 13.95 | 15.99 | 14.85 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.23 | 0.22 | 0.24 | 0.23 | 0.24 | 0.25 | 0.23 | 0.16 | 0.15 | 0.13 |
Cash ROIC |
4.83% | 3.51% | 1.72% | 6.51% | 8.27% | 5.54% | 7.11% | 4.74% | 3.04% | 6.21% |
Accounts Receivable Turnover |
12.15 | 10.94 | 12.13 | 11.78 | 11.26 | 10.23 | 11.10 | 10.64 | 11.90 | 11.88 |
Accounts Payable Turnover |
4.25 | 3.50 | 4.15 | 4.24 | 4.01 | 3.89 | 4.51 | 4.47 | 4.74 | 4.45 |
Inventory Turnover |
7.82 | 6.60 | 7.55 | 7.62 | 7.11 | 6.95 | 8.37 | 8.36 | 8.89 | 8.17 |
Average Days of Payables |
90.34 | 102.57 | 93.40 | 95.44 | 99.46 | 90.46 | 88.79 | 81.36 | 83.22 | 85.82 |
Days of Inventory on Hand |
50.76 | 53.53 | 50.21 | 53.88 | 54.23 | 53.00 | 47.50 | 44.21 | 43.82 | 46.38 |
Average Receivables |
3,844.50 | 3,427.00 | 3,427.50 | 2,931.50 | 2,407.50 | 2,423.00 | 2,420.00 | 2,247.50 | 1,970.00 | 1,631.50 |
Average Payables |
6,531.50 | 6,303.50 | 6,031.00 | 5,102.00 | 4,164.50 | 3,922.50 | 3,705.00 | 3,356.50 | 3,117.50 | 2,741.50 |
Average Inventory |
3,546.00 | 3,340.00 | 3,318.50 | 2,836.50 | 2,347.50 | 2,194.50 | 1,996.00 | 1,795.50 | 1,661.50 | 1,492.00 |
Average Assets |
42,515.00 | 44,258.00 | 44,330.00 | 38,462.00 | 35,189.50 | 34,116.00 | 31,579.50 | 29,661.00 | 28,216.00 | 25,135.00 |
Average Common Equity |
18,282.50 | 20,333.00 | 19,860.00 | 16,832.00 | 15,889.00 | 16,357.00 | 17,180.50 | 17,122.00 | 15,518.00 | 13,973.00 |
Columns are period end dates · fundamentals updated 26 Oct 2026