MEXICAN ECONOMIC DEVELOPMENT INC financial statements
Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data MEXICAN ECONOMIC DEVELOPMENT INC 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
23,445
23,924
26,867
24,782
27,116
34,531
41,580
37,476
Cost of revenue
14,776
15,002
16,714
15,248
16,698
21,622
25,041
22,060
Gross profit
8,669
8,922
10,153
9,534
10,418
12,909
16,539
15,416
General and administrative
841
882
1,057
1,156
1,327
1,769
1,912
1,874
Pre-tax income
2,434
5,305
3,149
Income tax
539
518
555
745
696
738
Income from continuing operations
1,513
1,488
188
2,628
1,924
Net income to minority interests
-265
Net income
2,160
1,684
1,488
188
1,836
1,784
4,536
1,930
Balance sheet
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
4,937
3,290
3,296
5,246
4,996
4,937
7,917
6,705
Short-term investments
1,575
656
2,072
Receivables
1,420
1,653
2,335
2,300
2,071
Inventory
1,774
1,817
2,175
2,214
2,481
3,192
3,445
3,235
Total current assets
9,226
9,045
9,151
10,118
11,247
11,616
21,076
16,413
Property, plant and equipment
5,943
5,531
6,072
5,686
5,613
6,873
8,375
8,511
Lease right-of-use assets
2,793
2,752
2,778
4,307
5,204
4,697
Total assets
29,967
29,355
33,804
34,428
35,951
40,973
47,687
40,829
Accounts payable
2,653
3,032
2,665
3,227
4,021
4,824
4,647
Short-term debt
225
98
96
145
181
Total current liabilities
5,348
5,167
7,240
5,953
6,665
9,073
10,792
9,729
Lease liabilities
2,508
2,591
2,683
4,166
4,961
4,521
Total liabilities
12,812
12,266
16,532
18,986
19,615
23,645
25,295
22,554
Retained earnings
10,279
11,093
12,184
10,931
11,617
12,884
18,027
14,691
Shareholders' equity
12,744
13,092
13,361
11,951
12,801
13,471
17,983
14,265
Minority interests
4,411
3,997
3,911
3,491
3,535
3,857
4,409
4,010
Total equity
17,155
17,089
17,272
15,442
16,336
17,328
22,392
18,275
Total liabilities and equity
29,967
29,355
33,804
34,428
35,951
40,973
47,687
40,829
Cash flow statement
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Net income
1,895
1,684
1,488
188
1,836
1,784
4,536
1,930
Cash from operations
2,084
Capital expenditures
-1,061
-1,099
-1,216
-938
-892
-1,549
-2,060
-2,094
Cash from investing
1,600
Debt issued
692
823
788
6,504
1,944
830
665
58
Dividends paid
-798
-653
-898
-1,112
-1,203
Cash from financing
-1,097
Exchange rate effect
168
-132
-291
37
-6
-214
-460
930
Free cash flow
1,023
Income taxes paid
957
642
630
772
664
979
1,746
1,332
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $119.62 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
41.1%
Gross profit / revenue.
Pre-tax margin
8.4%
Pre-tax income / revenue.
Net margin
5.1%
Net income / revenue.
Return on equity (ROE)
12.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
4.4%
Net income / average total assets.
Capex / revenue
5.6%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-9.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
11.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
6.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-6.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
14.0%
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
8.7%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y
-57.5%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
1.7%
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
5.3%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-20.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
3.7%
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
1.3%
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
-14.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
4.3%
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
3.8%
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
1.69x
Current assets / current liabilities.
Quick ratio
1.12x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.90x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
Payout ratio
62.3%
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$40.75B
Share price x shares outstanding.
Enterprise value
$31.98B
Market cap + total debt - cash - short-term investments.
P/E
21.1x
Market cap / net income. Only when net income is positive.
P/S
1.09x
Market cap / revenue.
P/B
2.86x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.86x
Market cap / tangible book value, when positive.
EV/Sales
0.85x
Enterprise value / revenue.
Earnings yield
4.7%
Net income / market cap (the inverse of P/E).
Dividend yield
3.0%
Dividends paid over the period / market cap.
Shareholder yield
3.0%
(Dividends paid + share buybacks) / market cap.
What was MEXICAN ECONOMIC DEVELOPMENT INC's revenue in fiscal 2024?
MEXICAN ECONOMIC DEVELOPMENT INC reported revenue of $37.48B for fiscal 2024, 9.9% lower than the year before.
Was MEXICAN ECONOMIC DEVELOPMENT INC profitable in fiscal 2024?
Yes. Net income was $1.93B, a net margin of 5.1%.
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.