Fomento Economico Mexicano (FMX) financial statements
Fomento Economico Mexicano reported revenue of 781.6B MXN in fiscal 2024, up 10.8% a year over 9 years.
Net income was 40.2B MXN.
Revenue and free cash flow
Fiscal years, $ billions (MXN).
Income statement
Fiscal years, in MXN, from Fomento Economico Mexicano's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 311.6B MXN | 399.5B MXN | 439.9B MXN | 469.7B MXN | 506.7B MXN | 493.0B MXN | 505.5B MXN | 597.0B MXN | 702.7B MXN | 781.6B MXN |
| Cost of revenue | 188.4B MXN | 251.3B MXN | 277.8B MXN | 294.6B MXN | 315.2B MXN | 303.3B MXN | 299.3B MXN | 355.5B MXN | 423.2B MXN | 460.1B MXN |
| Gross profit | 123.2B MXN | 148.2B MXN | 162.1B MXN | 175.2B MXN | 191.5B MXN | 189.7B MXN | 206.2B MXN | 241.5B MXN | 279.5B MXN | 321.5B MXN |
| Selling, general and admin | 31.9B MXN | 35.0B MXN | 40.3B MXN | 40.7B MXN | 45.0B MXN | 47.2B MXN | 49.0B MXN | 58.8B MXN | 66.9B MXN | 78.1B MXN |
| Interest expense | 7.8B MXN | 9.6B MXN | 11.1B MXN | 9.8B MXN | 14.1B MXN | 17.5B MXN | 16.6B MXN | 15.9B MXN | 14.9B MXN | 20.0B MXN |
| Pre-tax income | 31.2B MXN | 35.1B MXN | 47.8B MXN | — | — | — | 52.0B MXN | 49.1B MXN | 89.6B MXN | 65.7B MXN |
| Income tax | 7.9B MXN | 7.9B MXN | 10.2B MXN | 10.2B MXN | 10.5B MXN | 14.8B MXN | 15.1B MXN | 15.4B MXN | 27.3B MXN | 27.4B MXN |
| Net income | 17.7B MXN | 21.1B MXN | 42.4B MXN | 33.1B MXN | 28.0B MXN | 3.8B MXN | 37.7B MXN | 34.7B MXN | 76.7B MXN | 40.2B MXN |
| Gross margin | 39.5% | 37.1% | 36.8% | 37.3% | 37.8% | 38.5% | 40.8% | 40.5% | 39.8% | 41.1% |
| Net margin | 5.7% | 5.3% | 9.6% | 7.0% | 5.5% | 0.8% | 7.5% | 5.8% | 10.9% | 5.1% |
Balance sheet
Fiscal years, in MXN, from Fomento Economico Mexicano's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | 29.4B MXN | 43.6B MXN | 99.1B MXN | 93.0B MXN | 77.9B MXN | 107.6B MXN | 97.4B MXN | 83.4B MXN | 191.8B MXN | 183.0B MXN |
| Receivables | — | 26.2B MXN | 32.3B MXN | 28.2B MXN | 29.6B MXN | 28.2B MXN | 33.9B MXN | 45.5B MXN | 38.9B MXN | 43.2B MXN |
| Inventory | — | 31.9B MXN | 34.8B MXN | 35.7B MXN | 41.0B MXN | 44.0B MXN | 50.9B MXN | 62.2B MXN | 58.2B MXN | 67.5B MXN |
| Total current assets | — | 118.0B MXN | 181.2B MXN | 177.6B MXN | 172.6B MXN | 201.3B MXN | 230.7B MXN | 226.4B MXN | 356.2B MXN | 342.3B MXN |
| Property, plant and equipment | 80.3B MXN | 102.2B MXN | 116.7B MXN | 108.6B MXN | 114.5B MXN | 113.1B MXN | 115.1B MXN | 134.0B MXN | 141.5B MXN | 177.5B MXN |
| Goodwill | — | — | 0 MXN | 40.5B MXN | 0 MXN | — | — | — | — | — |
| Total assets | 409.3B MXN | 545.6B MXN | 588.5B MXN | 576.4B MXN | 637.5B MXN | 684.8B MXN | 737.5B MXN | 798.8B MXN | 805.9B MXN | 851.5B MXN |
| Total current liabilities | — | 86.3B MXN | 105.0B MXN | 101.5B MXN | 136.5B MXN | 118.4B MXN | 136.7B MXN | 176.9B MXN | 182.4B MXN | 202.9B MXN |
| Long-term debt | — | 132.0B MXN | 117.8B MXN | 115.0B MXN | 101.7B MXN | 179.9B MXN | 185.9B MXN | 173.4B MXN | 128.4B MXN | 141.5B MXN |
| Total liabilities | 167.5B MXN | 259.5B MXN | 251.6B MXN | 240.8B MXN | 311.8B MXN | 377.7B MXN | 402.4B MXN | 461.0B MXN | 427.5B MXN | 470.4B MXN |
| Shareholders' equity | 241.9B MXN | 211.9B MXN | 250.3B MXN | 257.1B MXN | 252.0B MXN | 237.7B MXN | 262.6B MXN | 262.6B MXN | 303.9B MXN | 297.5B MXN |
| Net debt | -29.4B MXN | 90.2B MXN | 23.6B MXN | 55.4B MXN | 40.1B MXN | 76.7B MXN | 90.5B MXN | 91.8B MXN | -34.3B MXN | 5.4B MXN |
Cash flow
Fiscal years, in MXN, from Fomento Economico Mexicano's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 36.7B MXN | 50.1B MXN | 40.1B MXN | — | — | — | — | — | — | — |
| Capital spending | 18.5B MXN | 21.4B MXN | 22.5B MXN | 23.4B MXN | 25.1B MXN | 20.1B MXN | 19.5B MXN | 31.5B MXN | 38.1B MXN | 47.3B MXN |
| Free cash flow | 18.3B MXN | 28.7B MXN | 17.6B MXN | — | — | — | — | — | — | — |
| Dividends paid | 10.7B MXN | 12.0B MXN | 12.3B MXN | 12.9B MXN | 13.6B MXN | 15.9B MXN | 13.4B MXN | 17.5B MXN | 18.8B MXN | 25.1B MXN |
| Net borrowing | -7.1B MXN | 21.2B MXN | -4.5B MXN | -1.0B MXN | -8.0B MXN | 66.1B MXN | 1.1B MXN | 6.0B MXN | -32.2B MXN | -5.2B MXN |
| Free cash flow margin | 5.9% | 7.2% | 4.0% | — | — | — | — | — | — | — |
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What was Fomento Economico Mexicano's revenue in 2024?
781.6B MXN in fiscal 2024, from its 10-K filing.
From Fomento Economico Mexicano's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.