AMERICA MOVIL SAB DE CV/ financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data AMERICA MOVIL SAB DE CV/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	51,632	52,747	53,454	50,975	41,564	43,499	48,303	42,886
Cost of revenue	25,084	25,851	25,032	23,582	16,570	17,025	18,734	16,340
Gross profit	26,548	26,896	28,422	27,393	24,994	26,474	29,569	26,546
Selling, general and administrative	12,161	11,543	11,461	10,634	8,786	9,243	10,241	9,202
Operating income	5,062	7,090	8,217	8,289	8,070	8,802	9,931	8,886
Pre-tax income	2,888	5,131	6,439	3,379	4,992	6,916	6,827	3,100
Income tax	1,261	2,361	2,708	820	1,367	2,372	2,045	1,738
Income from continuing operations					3,625	4,544	4,782	1,362
Net income to minority interests	145	100	137	210	190	275	277	231
Net income	1,482	2,670	3,594	2,349	9,538	4,198	4,782	1,362
EBITDA	13,157	15,001	16,650	16,522	15,971	16,973	18,916	16,984
EPS, basic	0.02	0.04	0.05	0.04
EPS, diluted	0.02	0.04	0.05	0.04

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	1,233	1,149	990	1,744	1,992	1,995	1,312	1,808
Receivables	9,793	10,986	10,863	10,426	9,855	10,272	12,242	10,910
Inventory	1,961	2,048	2,181	1,523	1,175	1,236	1,141	1,172
Total current assets	17,296	17,734	17,557	18,059	19,634	18,595	20,136	17,451
Property, plant and equipment	34,182	32,516	33,926	36,239	35,523	33,853	37,213	35,218
Lease right-of-use assets			6,262	5,112	4,391	6,278	6,723	9,841
Goodwill	7,655	7,396	8,113	7,171	6,635	7,269	8,647	7,738
Intangible assets	7,254	6,205	6,642	6,690	6,958	6,639	7,192	6,993
Total assets	75,112	72,613	81,291	81,463	82,086	83,347	92,591	88,509
Accounts payable	10,749	11,277	11,468	9,374	10,032	8,987	9,595	8,236
Total current liabilities	20,891	23,731	27,879	25,431	25,944	25,181	31,042	24,393
Lease liabilities			5,025	4,224	3,450	5,215	5,967	8,766
Total liabilities	61,941	60,121	69,249	65,666	60,029	60,794	67,629	67,186
Retained earnings	8,646	12,053	14,935	15,777	21,750	26,037	32,299	25,521
Shareholders' equity	9,812	9,958	9,442	12,557	18,928	19,255	21,707	18,210
Minority interests	3,359	2,534	2,600	3,240	3,129	3,298	3,255	3,113
Total equity	13,171	12,492	12,042	15,797	22,057	22,553	24,962	21,323
Total liabilities and equity	75,112	72,613	81,291	81,463	82,086	83,347	92,591	88,509

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	1,627	2,770	3,731	2,559	9,538	4,198	4,782	1,362
Depreciation and amortization	8,095	7,911	8,433	8,233	7,901	8,171	8,985	8,098
Cash from operations	11,008	12,617	12,431	14,079	12,543	11,605	14,686	11,808
Capital expenditures	-6,024	-7,310	-7,051	-5,459	-7,058	-7,530	-7,760	-5,579
Cash from investing	-7,113	-7,559	-8,653	-6,796	-3,716	-7,848	-9,767	-6,376
Debt issued								12,929
Debt repaid	-8,644	-9,618	-5,827	-16,573	-7,388	-7,486	-12,711	-11,483
Share buybacks	-62	-26	-23	-254	-1,785	-1,347	-848	-1,122
Dividends paid	-813	-1,137	-1,287	-481	-1,352	-1,521	-1,803	-1,530
Cash from financing	-3,843	-5,150	-3,783	-6,362	-8,618	-3,778	-5,028	-5,088
Exchange rate effect	3	-41	-96	-110	-74	-235	-311	152
Free cash flow	4,984	5,307	5,380	8,620	5,485	4,075	6,926	6,229

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $21.79 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	61.9%	Gross profit / revenue.
Operating margin	20.7%	Operating income / revenue.
EBITDA margin	39.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	7.2%	Pre-tax income / revenue.
Net margin	3.2%	Net income / revenue.
FCF margin	14.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	27.5%	Cash from operations / revenue.
Effective tax rate	56.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	6.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.5%	Net income / average total assets.
Return on invested capital (ROIC)	38.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	21.5%	Selling, general and administrative expense / revenue.
Capex / revenue	13.0%	Capital expenditures / revenue.
D&A / revenue	18.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-11.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-4.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-10.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	2.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-1.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-10.5%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	3.3%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	1.6%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-10.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	2.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	0.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-71.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-47.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-17.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-19.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-2.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-1.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-10.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	4.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	3.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-16.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-1.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	14.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-4.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.72x	Current assets / current liabilities.
Quick ratio	0.52x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.07x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	75.9%	Total liabilities / total assets.
Working capital	-$6.94B	Current assets - current liabilities.
Goodwill and intangibles / assets	16.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$3.48B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.47x	Revenue / average total assets.
Fixed asset turnover	1.18x	Revenue / average property, plant and equipment.
Inventory turnover	14.1x	Cost of revenue / average inventory.
Days inventory	26 days	365 x average inventory / cost of revenue.
Receivables turnover	3.70x	Revenue / average receivables.
Days sales outstanding	99 days	365 x average receivables / revenue.
Days payables	199 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	-75 days	Days inventory + days sales outstanding - days payables.
FCF conversion	457.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	47.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
Payout ratio	112.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	24.6%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	18.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$65.58B	Share price x shares outstanding.
Enterprise value	$63.77B	Market cap + total debt - cash - short-term investments.
P/E	48.2x	Market cap / net income. Only when net income is positive.
P/S	1.53x	Market cap / revenue.
P/B	3.60x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	18.9x	Market cap / tangible book value, when positive.
P/FCF	10.5x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	5.55x	Market cap / cash from operations, when positive.
EV/Sales	1.49x	Enterprise value / revenue.
EV/EBIT	7.18x	Enterprise value / operating income, when both are positive.
EV/EBITDA	3.75x	Enterprise value / EBITDA, when both are positive.
EV/FCF	10.2x	Enterprise value / free cash flow, when both are positive.
FCF yield	9.5%	Free cash flow / market cap.
Earnings yield	2.1%	Net income / market cap (the inverse of P/E).
Dividend yield	2.3%	Dividends paid over the period / market cap.
Shareholder yield	4.0%	(Dividends paid + share buybacks) / market cap.

What was AMERICA MOVIL SAB DE CV/'s revenue in fiscal 2024?

AMERICA MOVIL SAB DE CV/ reported revenue of $42.89B for fiscal 2024, 11.2% lower than the year before.

Was AMERICA MOVIL SAB DE CV/ profitable in fiscal 2024?

Yes. Net income was $1.36B, a net margin of 3.2%.

How much free cash flow did AMERICA MOVIL SAB DE CV/ generate in fiscal 2024?

Cash from operations of $11.81B minus capital expenditures of $5.58B left free cash flow of $6.23B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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