Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB Industrials Airports & Air Services

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.’s revenue for fiscal 2025 (year ended December 2025) was $886.9 million, up 22.3% from fiscal 2024. In the quarter to June 2026, revenue grew 15.0%, EPS grew 18.4%, free cash flow grew 2.87% and total debt rose 29.7%, each against the same quarter a year earlier.

91.72 0.39 +0.43%
Market cap
$3.8B
P/E
14.7×
Fwd P/E
—
Dividend yield
5.91%
F-score
7/9
Altman Z
4.93
Beneish M
−2.69
Dividend safety
46/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 13.61%

Capital & Financial Ratios $m

Market Cap 3,840.00
Revenue 962.64
Net Income 454.65
Free Cash Flow 409.93
Net Debt 572.55
Current Ratio 0.66 (below 1: weak)
Debt/Equity 1.35
P/E ratio 14.68
Fwd P/E —
P/S ratio 4.60
P/B ratio 8.29 (above 6: high)
Past 5Y EPS Growth 42.41% (at or above 15%: strong)
This Y EPS Growth 13.02%
Next Y EPS Growth 17.23% (at or above 15%: strong)
Next Y revenue growth —
Next 5Y EPS Growth 14.75%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 20.49%
10-year low 10-year high
P/S against its own 10 years 14.74%
10-year low 10-year high
P/B against its own 10 years 80.94%
10-year low 10-year high
EV/Sales against its own 10 years 16.77%
10-year low 10-year high
EV/FCF against its own 10 years 13.60%
10-year low 10-year high

Dividends

Payout Ratio 0.87
Annual Dividend Rate 5.42
Annual Dividend Yield 5.91%
total individual payouts
2026 2.92
2.92
2025 4.90
2.40
2.51
2024 4.74
2.61
2.14
2023 2.14
1.64
2.14
0.60
2022 2.35
4.37
1.85
0.50
2021 1.92
1.92
2019 1.70
1.70
2018 1.62
1.62
2017 1.71
1.71
2016 1.62
1.62
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 152 80 172 148
Receivables 102 113 136 149
Inventory — — — —
Other 35 14 39 56
290 207 348 353
2023 2024 2025 Q'26
Payables 50 46 70 195
ST’ Debt — — 91 135
Other 37 27 33 36
146 157 263 536

Compound Annual Growth %

10y 5y 3y
Sales 12.06% 26.89% 13.10%
Cash Flow 12.23% 44.58% 17.34%
Earnings 14.30% 40.11% 13.99%
Book Value 5.37% 3.14% 13.05%

Revenue $m

Mar Jun Sep Dec Year
’26 217 257 — — —
’25 175 223 211 278 887
’24 221 203 196 105 725
’23 173 205 229 248 854
’22 108 146 155 204 613
’21 73 109 119 125 426
’20 96 27 55 92 270
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 98 102 — — —
’25 94 98 113 109 414
’24 90 59 80 69 298
’23 68 108 90 108 374
’22 35 55 79 87 256
’21 36 56 69 56 217
’20 37 (23) 18 34 65
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 95 99 — — —
’25 92 96 112 105 405
’24 87 52 77 66 283
’23 64 103 83 101 351
’22 34 51 79 80 244
’21 35 55 68 54 212
’20 36 (27) 16 33 58
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.41 1.74 — — —
’25 1.30 1.47 1.70 1.40 6.15
’24 1.24 1.45 1.45 0.53 4.91
’23 1.24 1.54 1.66 1.53 6.14
’22 0.78 0.95 1.13 1.20 4.15
’21 0.41 0.64 0.81 1.03 2.87
’20 0.84 (0.16) 0.06 0.23 1.05
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 33.61 30.05 33.39 37.52 20.55 44.86 46.53 50.23 59.08 68.48

Analyst estimates 2026–2028

Powerpack
High 53.58 52.51 58.10 62.85 67.07 60.53 71.86 100.21 90.53 116.26
People
People Employees 1,262 1,250 1,148 1,250 870 1,182 1,256 1,270 1,326 1,355
Revenue/emp, $m 0.21 0.29 0.35 0.36 0.31 0.36 0.49 0.67 0.55 0.65
Income, $m
Income, $m Revenue 269 361 402 452 270 426 613 854 725 887
Gross margin, % 72.83 63.55 70.05 74.18 55.06 64.64 66.11 70.22 71.87 75.58
EBT 127 150 203 244 75 187 272 417 340 424
EBT margin, % 47.26 41.38 50.41 53.94 27.80 43.99 44.35 48.83 46.90 47.81
Net income 127 150 203 244 75 187 272 417 340 424
Depreciation 13 15 18 22 22 24 28 38 36 49
Per share, $
Per share, $ Revenue 5.47 7.34 8.18 9.20 5.53 8.77 12.70 17.70 15.02 18.37
Earnings 1.84 2.19 2.95 3.48 1.05 2.87 4.15 6.14 4.91 6.15
Cash flow 2.35 3.01 3.84 4.01 1.34 4.47 5.30 7.76 6.18 8.57
Capex (0.09) (0.23) (0.22) (0.06) (0.16) (0.10) (0.25) (0.49) (0.32) (0.19)
Free cash flow 2.26 2.78 3.62 3.95 1.18 4.37 5.05 7.26 5.86 8.38
Book value 6.59 7.44 8.80 10.67 11.15 11.30 9.10 12.05 10.51 13.15
Shares, m 49 49 49 49 49 49 48 48 48 48
Valuation, ×
Valuation, × P/E 19.19 18.46 12.55 17.63 53.28 18.58 15.65 13.81 14.69 18.53
P/S 6.24 5.83 4.65 6.51 9.35 6.12 5.00 4.66 4.57 5.92
P/B 5.18 5.75 4.32 5.62 4.64 4.75 6.98 6.84 6.53 8.27
EV/Sales 6.54 6.15 4.85 6.66 9.67 6.34 5.49 5.23 5.18 6.57
EV/FCF 15.81 16.23 10.97 15.52 45.11 12.72 13.80 12.75 13.29 14.41
Cash, $m
Cash, $m Operating cash flow 115 148 189 197 65 217 256 374 298 414
Capex (4) (11) (11) (3) (8) (5) (12) (24) (15) (9)
Free cash flow 111 137 178 194 58 212 244 351 283 405
Balance, $m
Balance, $m Working capital 145 121 139 189 25 140 17 144 49 85
Total debt 227 235 233 249 235 386 470 640 522 752
Net debt 82 114 82 67 86 93 299 488 442 580
Shareholders’ equity 324 366 433 524 544 549 439 582 507 635
Returns, %
Returns, % ROA 12.52 15.75 19.18 19.97 6.01 13.74 17.40 22.14 16.93 19.59
ROIC 20.77 21.35 25.53 27.22 8.58 19.55 26.36 27.87 25.61 25.56
ROE 25.87 31.40 36.30 35.66 10.30 25.55 40.54 58.04 43.56 51.97
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. vs peers in Airports & Air Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PAC Grupo Aeroportuario Del Pacifico, S.A. de C.V. $10.5B 18.1× 17.5× +16.29% (above 0%: growing) +3.70% (above 0%: growing) −114.80% (below 0%: shrinking) 76.22% 44.16% Compare
ASR Grupo Aeroportuario del Sureste, S.A. de C.V. $6.5B 12.9× 11.8× +23.19% (above 0%: growing) +15.26% (above 0%: growing) +36.64% (above 0%: growing) 58.03% 40.61% Compare
JOBY Joby Aviation, Inc. $4.8B — (loss-making) — (loss-making) +257,493.33% (above 0%: growing) n/m −69.99% (below 0%: shrinking) 26.76% (675.18%) Compare
CAAP Corporacion America Airports S.A. $4.0B 14.1× 12.1× +12.00% (above 0%: growing) +6.67% (above 0%: growing) −11.94% (below 0%: shrinking) 30.45% 19.75% Compare
OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $3.8B 14.7× — +15.00% (above 0%: growing) +18.37% (above 0%: growing) +2.87% (above 0%: growing) 71.85% 53.49%
ASLE AerSale Corporation $223.8M — (loss-making) 9.8× −33.94% (below 0%: shrinking) n/m −141.55% (below 0%: shrinking) 22.94% (6.70%) Compare
UP Wheels Up Experience Inc. $128.8M — (loss-making) — −4.03% (below 0%: shrinking) n/m −115.78% (below 0%: shrinking) 11.91% (40.87%) Compare
SOAR Volato Group, Inc. $12.5M — (loss-making) — −96.12% (below 0%: shrinking) n/m −153.91% (below 0%: shrinking) 69.74% (261.14%) Compare
Median of peers $4.0B 14.1× 12.0× +12.00% +6.67% −114.80% 30.45% (6.70%)

All 8 Airports & Air Services stocks →

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) key facts

  • Strength: Grupo Aeroportuario del Centro Norte S.A.B. de C.V.’s revenue for fiscal 2025 (year ended December 2025) was $886.9 million, up 22.3% from fiscal 2024.
  • Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) is an Airports & Air Services company in the Industrials sector, traded in the US as an ADR.
  • As of October 16, 2026, OMAB traded at $91.72, a market capitalization of $3.8 billion.
  • Grupo Aeroportuario del Centro Norte S.A.B. de C.V. pays an annual dividend of $5.42 per share, a yield of 5.91%, with a payout ratio of 86.8%.
  • Return on equity was 52.0% and debt-to-equity 1.35.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.93 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) Latest News

4 Jun

stockrow.com/OMAB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com