13.15
-3.94%
Close of 9 Nov 2026, in MXN
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At a glance
Figures in MXN, from our data supplier.
Revenue
MXN 126.84bn
FY2016FY2025
Net income
−MXN 2.77bn
FY2016FY2025
Free cash flow
MXN 5.12bn
FY2016FY2025
Shareholders' equity
MXN 22.85bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | MXN 126.84bn | MXN 137.41bn | MXN 138.16bn | MXN 212.44bn | MXN 156.22bn | MXN 113.99bn | MXN 119.69bn | MXN 132.48bn | MXN 99.00bn | MXN 90.19bn |
| Gross profit | MXN 8.06bn | MXN 11.69bn | MXN 10.30bn | MXN 35.67bn | MXN 28.97bn | MXN 11.71bn | MXN 13.02bn | MXN 15.96bn | MXN 10.40bn | MXN 13.25bn |
| Research and development | — | — | — | — | — | — | — | — | MXN 104.0m | MXN 46.0m |
| Operating income | MXN 2.48bn | MXN 5.68bn | MXN 4.45bn | MXN 24.09bn | MXN 18.65bn | MXN 6.31bn | MXN 8.71bn | MXN 13.10bn | MXN 6.57bn | MXN 9.63bn |
| Net income | −MXN 2.77bn | −MXN 765.0m | −MXN 10.91bn | MXN 13.74bn | MXN 7.76bn | MXN 3.12bn | MXN 6.61bn | MXN 13.63bn | −MXN 5.49bn | MXN 3.63bn |
| Diluted earnings per share | -1.33 | -0.36 | -5.18 | 6.52 | 3.68 | 1.48 | 3.12 | 6.44 | -2.57 | 1.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | MXN 98.74bn | MXN 116.72bn | MXN 102.68bn | MXN 136.82bn | MXN 123.94bn | MXN 106.35bn | MXN 102.79bn | MXN 119.90bn | MXN 93.78bn | MXN 91.50bn |
| Total liabilities | MXN 71.16bn | MXN 83.21bn | MXN 69.46bn | MXN 84.63bn | MXN 74.36bn | MXN 60.84bn | MXN 57.74bn | MXN 76.73bn | MXN 62.11bn | MXN 49.78bn |
| Debt | MXN 35.55bn | MXN 44.30bn | MXN 36.45bn | MXN 42.26bn | MXN 35.19bn | MXN 33.35bn | MXN 32.17bn | MXN 40.12bn | MXN 34.08bn | MXN 23.93bn |
| Shareholders' equity | MXN 22.85bn | MXN 28.25bn | MXN 28.69bn | MXN 46.90bn | MXN 43.72bn | MXN 40.39bn | MXN 40.48bn | MXN 38.13bn | MXN 26.92bn | MXN 37.07bn |
| Shares outstanding | 2,085m | 2,107m | 2,107m | 2,107m | 2,110m | 2,112m | 2,116m | 2,118m | 2,138m | 2,091m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | MXN 7.62bn | MXN 6.26bn | MXN 17.50bn | MXN 15.21bn | MXN 13.23bn | MXN 11.93bn | MXN 10.00bn | MXN 8.26bn | MXN 7.22bn | MXN 6.02bn |
| Capital spending | −MXN 2.50bn | −MXN 2.03bn | −MXN 2.29bn | −MXN 3.07bn | −MXN 4.42bn | −MXN 2.54bn | −MXN 3.12bn | −MXN 1.98bn | −MXN 4.42bn | −MXN 5.98bn |
| Free cash flow | MXN 5.12bn | MXN 4.22bn | MXN 15.20bn | MXN 12.14bn | MXN 8.81bn | MXN 9.39bn | MXN 6.88bn | MXN 6.28bn | MXN 2.81bn | MXN 38.0m |
| Dividends paid | −MXN 667.9m | −MXN 2.54bn | −MXN 6.01bn | −MXN 7.44bn | −MXN 3.71bn | −MXN 2.71bn | −MXN 2.78bn | −MXN 2.78bn | −MXN 2.67bn | −MXN 1.96bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | MXN 37.48bn | MXN 29.76bn | MXN 27.96bn | MXN 31.07bn | MXN 32.79bn | MXN 35.02bn | MXN 126.84bn | MXN 37.16bn |
| Gross profit | MXN 7.18bn | MXN 2.99bn | MXN 1.06bn | MXN 2.30bn | MXN 1.96bn | MXN 2.74bn | MXN 9.43bn | MXN 5.16bn |
| Operating income | MXN 5.95bn | MXN 38.7m | MXN 6.6m | MXN 175.5m | MXN 802.0m | — | MXN 2.02bn | MXN 1.96bn |
| Net income | MXN 4.14bn | −MXN 1.12bn | −MXN 1.56bn | −MXN 807.3m | −MXN 572.0m | MXN 170.2m | −MXN 2.77bn | MXN 483.1m |
| Diluted earnings per share | 1.99 | -0.54 | -0.75 | -0.38 | -0.27 | 0.08 | -1.32 | 0.23 |
| Cash from operations | MXN 3.07bn | MXN 2.54bn | MXN 2.08bn | — | MXN 1.75bn | MXN 1.26bn | MXN 676.0m | MXN 2.88bn |
| Capital spending | −MXN 523.0m | −MXN 603.0m | −MXN 790.0m | — | −MXN 689.0m | −MXN 465.0m | −MXN 773.0m | −MXN 418.0m |
| Free cash flow | MXN 2.55bn | MXN 1.94bn | MXN 1.29bn | — | MXN 1.06bn | MXN 796.0m | −MXN 97.0m | MXN 2.46bn |
| Total assets | MXN 105.36bn | MXN 99.63bn | MXN 98.74bn | MXN 104.93bn | MXN 108.80bn | MXN 118.71bn | MXN 116.72bn | MXN 119.39bn |
| Cash and short-term investments | — | — | — | MXN 7.26bn | — | — | — | — |
| Debt | MXN 32.89bn | MXN 35.00bn | MXN 35.55bn | MXN 38.91bn | MXN 36.96bn | MXN 40.16bn | MXN 38.93bn | MXN 37.95bn |
| Shareholders' equity | MXN 25.85bn | MXN 22.65bn | MXN 22.85bn | MXN 26.15bn | MXN 27.50bn | MXN 28.93bn | MXN 28.25bn | MXN 30.44bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 6.4% | 8.5% | 7.5% | 16.8% | 18.5% | 10.3% | — | — | — | — | — | — | — | — |
| Operating margin | 2.0% | 4.1% | 3.2% | 11.3% | 11.9% | 5.5% | — | — | — | — | — | — | — | — |
| Net margin | -2.2% | -0.6% | -7.9% | 6.5% | 5.0% | 2.7% | — | — | — | — | — | — | — | — |
| Return on equity | -12.1% | -2.7% | -38.0% | 29.3% | 17.7% | 7.7% | — | — | — | — | — | — | — | — |
| Return on assets | -2.8% | -0.7% | -10.6% | 10.0% | 6.3% | 2.9% | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | 45.6% | 41.2% | 32.1% | 36.2% | 38.1% | — | — | — | — |
| Revenue growth | -7.7% | -0.5% | -35.0% | 36.0% | 37.1% | -4.8% | — | — | — | — | — | — | — | — |
| Earnings growth | 262.6% | -93.0% | -179.4% | 77.2% | 148.4% | -52.7% | — | — | — | — | — | — | — | — |
| Current ratio | 1.61x | 1.53x | 1.64x | 1.47x | 1.73x | 2.13x | — | — | — | — | — | — | — | — |
| Debt to equity | 1.56x | 1.38x | 1.14x | 0.67x | 0.67x | 0.75x | — | — | — | — | — | — | — | — |
| Equity ratio | 23.1% | 24.2% | 27.9% | 34.3% | 35.3% | 38.0% | — | — | — | — | — | — | — | — |
| Interest coverage | 1.03x | 2.44x | 1.85x | 11.83x | 7.15x | 3.14x | — | — | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | — | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | — | — | — | — | — | 0.2% | 0.1% | 0.9% | -2.3% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.8% | 2.2% | 4.3% |
| Operating income | -53.2% | -17.1% | -10.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.5% | 10.7% | 12.0% | 12.0% |
| Operating margin | 3.1% | 6.0% | 7.0% | 7.6% |
| Net margin | -1.3% | -0.1% | 1.1% | 2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -35.9 | -2.5 | 4.4 | 6.0 | 11.7 | 6.7 | 3.7 | -9.1 | 14.3 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Sept 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.063 | 0.076 | 0.175 | 0.07 | 0.066 | 0.061 | 0.034 | 0.052 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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