Methanex (MEOH) financial statements
Methanex reported revenue of $3.6B in fiscal 2025, up 6.7% a year over 9 years.
Net income was $145M and the operating margin 12.0%, against 1.4% in 2016.
Free cash flow was $917M, and the company returned $54M in dividends.
The diluted share count fell 19% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Methanex's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B | $3.1B | $4.5B | $3.3B | $2.6B | $4.4B | $4.3B | $3.7B | $3.7B | $3.6B |
| Cost of revenue | $1.5B | $2.0B | $3.1B | $2.6B | $2.1B | $3.1B | $3.2B | $2.8B | $2.7B | $2.3B |
| Gross profit | $465M | $1.0B | $1.4B | $713M | $542M | $1.3B | $1.1B | $926M | $1.0B | $1.3B |
| Selling, general and admin | $60M | $99M | $60M | $74M | $107M | $68M | $82M | $109M | $134M | $117M |
| Operating income | $28M | $476M | $830M | $189M | -$52M | $712M | $611M | $264M | $362M | $431M |
| Interest expense | $90M | $95M | $94M | $124M | $165M | $144M | $131M | $117M | $133M | $220M |
| Pre-tax income | -$38M | $471M | $811M | $121M | -$187M | $666M | $582M | $286M | $280M | $203M |
| Income tax | -$9M | $96M | $153M | $4M | -$62M | $110M | $120M | $1M | $30M | $58M |
| Net income | -$28M | $375M | $658M | $116M | -$125M | $556M | $462M | $284M | $250M | $145M |
| EPS (diluted) | -$0.14 | $3.64 | $6.92 | $1.01 | -$2.06 | $6.13 | $4.86 | $2.57 | $2.39 | $0.93 |
| Diluted shares | 90M | 87M | 81M | 77M | 76M | 76M | 72M | 68M | 68M | 73M |
| Gross margin | 23.2% | 33.5% | 30.2% | 21.7% | 20.5% | 29.5% | 24.9% | 24.9% | 28.0% | 35.7% |
| Operating margin | 1.4% | 15.6% | 18.5% | 5.8% | -2.0% | 16.1% | 14.2% | 7.1% | 9.7% | 12.0% |
| Net margin | -1.4% | 12.3% | 14.7% | 3.5% | -4.7% | 12.6% | 10.7% | 7.6% | 6.7% | 4.0% |
Balance sheet
Fiscal years, from Methanex's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $224M | $375M | $256M | $417M | $834M | $932M | $858M | $458M | $892M | $425M |
| Receivables | $500M | $537M | $515M | $489M | $412M | $551M | $501M | $534M | $473M | $463M |
| Inventory | $281M | $304M | $388M | $281M | $309M | $460M | $440M | $427M | $453M | $495M |
| Total current assets | $1.0B | $1.2B | $1.3B | $1.2B | $1.6B | $2.0B | $1.9B | $1.5B | $1.9B | $1.5B |
| Property, plant and equipment | $3.1B | $3.0B | $2.9B | $2.9B | $3.1B | $3.1B | $3.4B | $3.7B | $3.5B | $4.6B |
| Total assets | $4.6B | $4.6B | $4.6B | $5.2B | $5.7B | $6.1B | $6.6B | $6.4B | $6.6B | $7.3B |
| Total current liabilities | $607M | $748M | $1.0B | $648M | $765M | $963M | $943M | $1.3B | $730M | $722M |
| Long-term debt | $1.5B | $1.4B | $1.1B | $1.7B | $2.3B | $2.1B | $2.1B | $1.8B | $2.4B | $2.7B |
| Total liabilities | $2.8B | $2.9B | $2.8B | $3.6B | $4.3B | $4.1B | $4.2B | $4.3B | $4.2B | $4.6B |
| Shareholders' equity | $1.6B | $1.5B | $1.5B | $1.3B | $1.1B | $1.7B | $2.1B | $1.9B | $2.1B | $2.4B |
| Net debt | $1.3B | $1.1B | $1.2B | $1.4B | $1.5B | $1.2B | $1.3B | $1.7B | $1.5B | $2.3B |
Cash flow
Fiscal years, from Methanex's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $227M | $780M | $980M | $515M | $461M | $994M | $987M | $660M | $737M | $1.0B |
| Capital spending | $100M | $103M | $191M | $208M | $129M | $103M | $146M | $178M | $101M | $99M |
| Free cash flow | $127M | $677M | $790M | $307M | $332M | $891M | $842M | $482M | $636M | $917M |
| Stock-based compensation | $33M | $79M | -$6M | -$4M | $55M | -$1M | $15M | $35M | $24M | -$4M |
| Dividends paid | $99M | $101M | $106M | $108M | $36M | $25M | $44M | $49M | $50M | $54M |
| Share buybacks (net) | $0 | -$286M | -$444M | -$53M | $0 | -$63M | -$253M | -$86M | $0 | — |
| Net borrowing | $17M | -$57M | -$214M | $307M | $569M | -$62M | -$9M | -$12M | $263M | $330M |
| Free cash flow margin | 6.3% | 22.1% | 17.6% | 9.3% | 12.5% | 20.2% | 19.5% | 12.9% | 17.1% | 25.5% |
| Dividends per share | $1.10 | $1.17 | $1.31 | $1.41 | $0.47 | $0.32 | $0.61 | $0.73 | $0.74 | $0.74 |
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Open MEOH in InvestinglyQuestions
What was Methanex's revenue in 2025?
$3.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Methanex generate?
$917M in fiscal 2025 (operating cash flow minus capital spending).
From Methanex's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.