See more : SEPC Limited (SHRIRAMEPC.NS) Income Statement Analysis – Financial Results
Complete financial analysis of Fomento Económico Mexicano, S.A.B. de C.V. (FMX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fomento Económico Mexicano, S.A.B. de C.V., a leading company in the Beverages – Alcoholic industry within the Consumer Defensive sector.
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Fomento Económico Mexicano, S.A.B. de C.V. (FMX)
About Fomento Económico Mexicano, S.A.B. de C.V.
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 702.69B | 673.20B | 556.26B | 492.97B | 506.71B | 469.74B | 460.46B | 399.51B | 311.59B | 263.45B | 258.10B | 238.31B | 203.04B | 169.70B | 197.03B | 168.02B | 147.56B | 126.43B | 105.58B | 93.96B | 75.89B | 52.95B | 49.54B | 45.45B | 38.63B | 33.53B | 24.58B | 26.54B | 21.73B |
| Cost of Revenue | 423.19B | 421.53B | 342.55B | 303.31B | 315.23B | 294.57B | 290.19B | 251.30B | 188.41B | 153.28B | 148.44B | 137.01B | 118.01B | 98.73B | 106.20B | 90.40B | 79.80B | 67.94B | 56.20B | 49.97B | 39.37B | 26.37B | 24.30B | 22.71B | 19.77B | 18.37B | 13.45B | 15.64B | 12.79B |
| Gross Profit | 279.51B | 251.67B | 213.71B | 189.65B | 191.48B | 175.17B | 170.27B | 148.20B | 123.18B | 110.17B | 109.65B | 101.30B | 85.04B | 70.97B | 90.84B | 77.62B | 67.76B | 58.49B | 49.39B | 43.99B | 36.52B | 26.58B | 25.24B | 22.74B | 18.86B | 15.16B | 11.13B | 10.90B | 8.94B |
| Gross Profit Ratio | 39.78% | 37.38% | 38.42% | 38.47% | 37.79% | 37.29% | 36.98% | 37.10% | 39.53% | 41.82% | 42.49% | 42.51% | 41.88% | 41.82% | 46.10% | 46.20% | 45.92% | 46.26% | 46.78% | 46.82% | 48.12% | 50.20% | 50.95% | 50.03% | 48.82% | 45.21% | 45.30% | 41.07% | 41.13% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 32.31B | 34.49B | 27.22B | 22.99B | 19.93B | 17.46B | 17.12B | 14.97B | 11.93B | 10.28B | 10.07B | 9.55B | 8.25B | 7.77B | 11.11B | 9.53B | 9.19B | 8.40B | 7.09B | 6.62B | 5.74B | 4.66B | 4.81B | 4.14B | 3.28B | 2.60B | 1.92B | 2.22B | 2.05B |
| Selling & Marketing | 188.73B | 157.34B | 134.08B | 123.41B | 121.87B | 114.57B | 111.46B | 95.55B | 76.38B | 69.02B | 69.57B | 62.09B | 49.88B | 40.68B | 52.72B | 45.41B | 39.00B | 32.70B | 26.72B | 23.63B | 18.70B | 12.51B | 12.71B | 11.54B | 9.59B | 7.89B | 5.70B | 6.15B | 5.06B |
| SG&A | 221.04B | 191.83B | 161.30B | 146.39B | 141.80B | 132.04B | 128.58B | 110.52B | 88.30B | 79.29B | 79.65B | 71.64B | 58.13B | 48.44B | 63.83B | 54.94B | 48.19B | 41.10B | 33.80B | 30.25B | 24.44B | 17.17B | 17.12B | 15.68B | 12.86B | 10.49B | 7.62B | 8.36B | 7.11B |
| Other Expenses | 0.00 | 426.00M | 422.00M | 1.76B | 2.53B | -13.00M | 1.03B | 3.00M | -11.00M | 25.00M | 8.00M | -3.00M | 591.00M | 627.00M | 851.00M | 689.00M | 842.00M | 778.00M | 667.00M | 594.00M | 24.44B | -6.36M | 17.12B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 221.63B | 192.25B | 161.72B | 148.15B | 144.33B | 132.02B | 129.61B | 110.52B | 88.29B | 79.32B | 79.66B | 71.64B | 58.13B | 48.44B | 63.83B | 54.94B | 48.19B | 41.10B | 33.80B | 30.25B | 24.44B | 17.16B | 17.12B | 15.68B | 12.86B | 10.49B | 7.62B | 8.36B | 7.11B |
| Cost & Expenses | 644.81B | 613.79B | 504.27B | 451.46B | 459.56B | 426.60B | 419.80B | 361.82B | 276.70B | 232.59B | 228.10B | 208.64B | 176.14B | 147.17B | 170.02B | 145.34B | 127.99B | 109.04B | 90.00B | 80.22B | 63.81B | 43.53B | 41.42B | 38.39B | 32.63B | 28.86B | 21.07B | 24.01B | 19.90B |
| Interest Income | 17.61B | 3.84B | 1.46B | 2.10B | 3.17B | 2.83B | 1.57B | 1.30B | 1.02B | 862.00M | 1.23B | 783.00M | 999.00M | 1.10B | 565.00M | 598.00M | 769.00M | 707.00M | 638.00M | 541.00M | 695.00M | 489.00M | 497.00M | 409.00M | 399.00M | 349.00M | 262.00M | 410.00M | 589.00M |
| Interest Expense | 17.19B | 16.31B | 16.94B | 17.52B | 14.13B | 9.40B | 10.74B | 9.18B | 7.42B | 6.29B | 3.84B | 2.18B | 2.93B | 3.27B | 5.20B | 4.93B | 4.55B | 4.04B | 4.52B | 3.76B | 2.54B | 903.90M | 891.31M | 1.03B | 1.00B | 1.10B | 997.00M | 1.52B | 1.08B |
| Depreciation & Amortization | 34.02B | 30.53B | 27.99B | 28.05B | 25.81B | 17.24B | 15.64B | 13.71B | 10.83B | 10.01B | 9.70B | 7.89B | 6.54B | 5.50B | 9.09B | 8.07B | 8.11B | 7.62B | 6.70B | 6.25B | 5.11B | 4.63B | 3.49B | 3.48B | 2.94B | 2.33B | 1.86B | 2.02B | 1.53B |
| EBITDA | 109.03B | 91.49B | 56.90B | 63.22B | 69.31B | 58.29B | 57.78B | 51.92B | 44.62B | 40.04B | 39.00B | 37.46B | 31.63B | 32.40B | 25.96B | 26.48B | 29.72B | 23.09B | 21.36B | 18.24B | 17.15B | 14.42B | 10.45B | 11.40B | 8.72B | 7.48B | 5.36B | 7.00B | 3.32B |
| EBITDA Ratio | 15.52% | 9.20% | 10.23% | 7.32% | 9.61% | 12.94% | 17.68% | 13.00% | 14.08% | 14.90% | 14.42% | 16.25% | 15.91% | 32.23% | 14.26% | 14.23% | 17.71% | 18.26% | 20.23% | 19.42% | 18.60% | 22.66% | 21.09% | 20.58% | 22.57% | 16.88% | 21.82% | 18.90% | 15.28% |
| Operating Income | 57.88B | 31.39B | 28.91B | 8.02B | 22.88B | 44.19B | 41.44B | 37.43B | 34.89B | 20.74B | 29.86B | 29.23B | 26.90B | 22.53B | 27.01B | 22.68B | 19.57B | 17.39B | 15.59B | 13.74B | 12.08B | 9.41B | 8.12B | 7.06B | 6.00B | 4.67B | 3.51B | 2.54B | 1.82B |
| Operating Income Ratio | 8.24% | 4.66% | 5.20% | 1.63% | 4.51% | 9.41% | 9.00% | 9.37% | 11.20% | 7.87% | 11.57% | 12.26% | 13.25% | 13.28% | 13.71% | 13.50% | 13.26% | 13.75% | 14.76% | 14.62% | 15.92% | 17.78% | 16.39% | 15.53% | 15.52% | 13.93% | 14.29% | 9.56% | 8.39% |
| Total Other Income/Expenses | -468.00M | -17.25B | -10.74B | -23.49B | -10.57B | -9.00B | 4.35B | -9.13B | -9.72B | -7.11B | -4.92B | -2.14B | 1.47B | 1.10B | -4.37B | -9.20B | -2.68B | -2.92B | -1.89B | -1.00B | -3.23B | -412.99M | -454.75M | -725.00M | -165.00M | -1.17B | -687.00M | 926.00M | -768.00M |
| Income Before Tax | 57.41B | 41.87B | 41.28B | 18.94B | 32.09B | 33.63B | 39.87B | 28.56B | 25.16B | 23.74B | 25.08B | 27.53B | 28.37B | 23.63B | 18.99B | 13.49B | 16.89B | 14.00B | 12.70B | 11.64B | 8.04B | 8.24B | 7.67B | 5.87B | 5.76B | 2.91B | 3.06B | 3.46B | 1.05B |
| Income Before Tax Ratio | 8.17% | 6.22% | 7.42% | 3.84% | 6.33% | 7.16% | 8.66% | 7.15% | 8.08% | 9.01% | 9.72% | 11.55% | 13.97% | 13.93% | 9.64% | 8.03% | 11.44% | 11.07% | 12.02% | 12.39% | 10.59% | 15.56% | 15.48% | 12.91% | 14.91% | 8.67% | 12.43% | 13.05% | 4.85% |
| Income Tax Expense | 12.97B | 13.55B | 14.28B | 14.82B | 10.48B | 10.17B | 10.58B | 7.89B | 7.93B | 6.25B | 7.76B | 7.95B | 7.69B | 5.67B | 3.91B | 4.21B | 4.95B | 4.81B | 4.58B | 2.40B | 3.38B | 3.63B | 2.80B | 2.31B | 1.85B | 870.00M | 837.00M | 468.00M | 406.00M |
| Net Income | 65.69B | 23.91B | 28.50B | 4.12B | 20.70B | 22.56B | 40.86B | 21.14B | 17.68B | 11.09B | 15.92B | 20.71B | 15.33B | 40.25B | 9.91B | 9.28B | 8.51B | 7.13B | 5.95B | 6.41B | 3.41B | 3.10B | 3.55B | 2.75B | 3.31B | 1.64B | 1.31B | 1.43B | 306.00M |
| Net Income Ratio | 9.35% | 3.55% | 5.12% | 0.84% | 4.08% | 4.80% | 8.87% | 5.29% | 5.68% | 4.21% | 6.17% | 8.69% | 7.55% | 23.72% | 5.03% | 5.52% | 5.77% | 5.64% | 5.64% | 6.82% | 4.49% | 5.86% | 7.16% | 6.05% | 8.56% | 4.89% | 5.34% | 5.40% | 1.41% |
| EPS | 4.76 | 6.68 | 7.96 | 1.15 | 5.78 | 6.30 | 23.70 | 11.82 | 44.00 | 3.10 | 39.50 | 5.79 | 38.50 | 100.50 | 27.70 | 12.96 | 21.00 | 18.00 | 15.50 | 18.00 | 9.50 | 8.67 | 9.95 | 7.65 | 9.20 | 5.25 | 8.23 | 9.00 | 1.99 |
| EPS Diluted | 9.35 | 6.68 | 7.96 | 1.15 | 5.78 | 6.30 | 23.70 | 11.82 | 44.00 | 3.10 | 39.50 | 5.79 | 38.00 | 100.50 | 27.70 | 12.96 | 21.00 | 18.00 | 15.50 | 18.00 | 9.50 | 8.67 | 9.95 | 7.65 | 9.20 | 5.25 | 8.23 | 9.00 | 1.59 |
| Weighted Avg Shares Out | 7.03B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 1.42B | 715.64M | 715.65M | 715.65M | 715.65M | 636.02M | 636.02M | 635.68M | 635.71M | 640.51M | 640.96M | 524.90M | 307.78M | 307.78M | 307.78M |
| Weighted Avg Shares Out (Dil) | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 1.42B | 715.64M | 715.65M | 715.65M | 715.65M | 636.02M | 636.02M | 635.68M | 635.71M | 640.51M | 640.96M | 524.90M | 307.78M | 307.78M | 383.94M |
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Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q2 2024 Earnings Call Transcript
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