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Grupo Financiero Banorte SAB de CV GFNORTEO.MX · MXN

Financials · BMV · 🇲🇽 Mexico

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209.31

+0.41%

Close of 9 Nov 2026, in MXN

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in MXN, from our data supplier.

FY2024

Revenue, before interest expense

MXN 508.68bn

FY2015FY2024

Net income

MXN 56.19bn

FY2015FY2024

Total assets

MXN 2.47trn

FY2015FY2024

Shareholders' equity

MXN 249.41bn

FY2015FY2024

Income statement

Fiscal years

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Revenue, before interest expenseMXN 508.68bnMXN 465.98bnMXN 349.67bnMXN 217.64bnMXN 204.34bnMXN 218.51bnMXN 199.26bnMXN 160.97bnMXN 125.34bnMXN 110.03bn
Operating income——MXN 61.02bn———————
Net incomeMXN 56.19bnMXN 52.42bnMXN 45.41bnMXN 35.05bnMXN 30.51bnMXN 36.53bnMXN 31.96bnMXN 23.91bnMXN 19.31bnMXN 17.11bn
Diluted earnings per share19.7218.1815.7412.1510.5812.6911.098.616.966.17

Balance sheet

At each fiscal year end

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Total assetsMXN 2.47trnMXN 2.27trnMXN 2.07trnMXN 1.85trnMXN 1.79trnMXN 1.58trnMXN 1.62trnMXN 1.35trnMXN 1.27trnMXN 1.20trn
Cash and short-term investments——MXN 143.08bn———————
Total liabilitiesMXN 2.22trnMXN 2.03trnMXN 1.83trnMXN 1.62trnMXN 1.57trnMXN 1.39trnMXN 1.45trnMXN 1.21trnMXN 1.13trnMXN 1.06trn
DebtMXN 690.45bnMXN 615.06bnMXN 589.40bnMXN 534.97bnMXN 485.47bnMXN 460.57bnMXN 488.19bnMXN 382.14bnMXN 379.74bnMXN 363.67bn
Shareholders' equityMXN 249.41bnMXN 249.35bnMXN 236.04bnMXN 234.23bnMXN 222.24bnMXN 193.72bnMXN 172.28bnMXN 145.75bnMXN 140.75bnMXN 135.45bn
Shares outstanding2,849m2,883m2,883m2,883m2,883m2,879m2,881m2,774m2,774m2,772m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expenseMXN 62.59bnMXN 67.89bnMXN 57.79bnMXN 124.80bn−MXN 13.56bnMXN 63.41bnMXN 46.79bnMXN 117.46bn
Net incomeMXN 15.55bnMXN 15.46bnMXN 15.87bnMXN 13.01bn−MXN 670.1mMXN 15.29bnMXN 13.72bnMXN 28.45bn
Diluted earnings per share5.395.365.514.72-0.235.304.769.87
Total assetsMXN 2.67trnMXN 2.64trnMXN 2.60trnMXN 2.51trnMXN 2.52trnMXN 2.55trnMXN 2.47trnMXN 2.42trn
Debt———MXN 608.77bn————
Shareholders' equityMXN 247.54bnMXN 261.13bnMXN 249.09bnMXN 262.80bnMXN 252.88bnMXN 267.06bnMXN 249.41bnMXN 253.82bn

Financial ratios

Data as of 31 Aug 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014
Operating margin——————34.9%32.8%28.9%26.9%——
Net margin23.8%25.6%26.6%25.3%21.8%21.2%——————
Return on equity23.6%22.5%21.0%19.2%15.0%13.7%——————
Return on assets2.3%2.3%2.3%2.2%1.9%1.7%——————
Revenue growth12.8%11.5%9.6%11.5%12.1%4.1%——————
Earnings growth4.6%7.2%15.4%29.6%14.9%-16.5%——————
Current ratio———0.16x0.15x0.21x0.13x0.14x0.18x———
Debt to equity——————0.67x0.93x0.56x0.47x0.41x0.53x
Equity ratio9.6%10.1%11.0%11.4%12.7%12.4%——————
Interest coverage——————0.70x0.70x————
Buybacks as a share of market value—————0.0%—-4.1%-2393.1%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue11.1%10.1%11.0%
Net income17.0%9.0%13.9%

Average margins

Over each period

1 year3 years5 years10 years
Net margin11.1%12.3%13.0%13.6%

Valuation history

At each fiscal year end

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Price to earnings6.89.48.910.910.48.38.612.514.715.4
Price to sales1.62.32.02.22.02.02.02.62.93.0

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 28 May 2026.

FY2025FY2024FY2023FY2022FY2021FY2019FY2018FY2017
Paid in the year16.97721.73413.07611.895.8125.5423.4482.784
  • 1-to-1 reverse split · 21 Feb 2007
  • 4-for-1 split · 24 Nov 2005
  • 1-to-1 reverse split · 14 Jul 2004
  • 1-to-1 reverse split · 11 Apr 2003
  • 5-for-4 split · 16 May 1996

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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