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Financial statements

BBB FOODS INC financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data BBB FOODS INC files with the SEC in its annual reports.

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

Income statement

FY2021FY2023FY2023FY2024FY2025
Revenue23,09132,58044,07857,43978,153
Cost of revenue19,65527,65637,03948,06365,509
Gross profit3,4364,9257,0409,37612,643
Selling, general and administrative3,0474,4136,2108,10913,217
General and administrative6249521,3871,9875,094
Operating income3945207941,329-675
Interest expense1,0051,1691,5271,2571,508
Interest income7.9919.826.1156173
Pre-tax income-725-364-101718-2,396
Income tax91.8201205383444
Net income-817-565-306334-2,840
EBITDA8301,1881,6992,566908
EPS, basic-68.06-47.09-25.513.06-24.69
EPS, diluted-68.06-47.09-25.512.40-24.69

Balance sheet

FY2021FY2023FY2023FY2024FY2025
Cash and equivalents1,0009851,2201,4471,427
Inventory1,9322,3573,0384,217
Total current assets3,5994,3938,5549,726
Property, plant and equipment1,9013,1644,6066,4569,349
Lease right-of-use assets3,0484,6965,5217,02810,305
Intangible assets7.838.246.776.7927.8
Total assets11,79514,96422,77730,526
Short-term debt4917449272,107
Total current liabilities6,8048,95211,18715,602
Lease liabilities4,8285,7077,41510,612
Total liabilities16,50819,59918,74226,401
Total debt1,0321,3211,0332,249
Total equity-4,452-4,713-4,6354,0354,125
Total liabilities and equity11,79514,96422,77730,526

Cash flow statement

FY2021FY2023FY2023FY2024FY2025
Net income-817-565-306334-2,840
Depreciation and amortization4366679051,2381,583
Cash from operations1,3662,1163,1403,7494,682
Capital expenditures-532-1,123-1,798-2,436-3,549
Cash from investing-524-1,111-1,779-4,907-3,409
Debt issued82.599.60724
Debt repaid-206-360-105-209-176
Cash from financing-450-1,027-1,0961,288-1,254
Exchange rate effect-1.967.07-30.497.3-38.2
Free cash flow8349931,3421,3131,133
Income taxes paid71.8308381388668

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin16.2%Gross profit / revenue.
Operating margin-0.9%Operating income / revenue.
EBITDA margin1.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-3.1%Pre-tax income / revenue.
Net margin-3.6%Net income / revenue.
FCF margin1.4%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin6.0%Cash from operations / revenue.
Return on assets (ROA)-10.7%Net income / average total assets.
SG&A / revenue16.9%Selling, general and administrative expense / revenue.
Capex / revenue4.5%Capital expenditures / revenue.
D&A / revenue2.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y36.1%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y33.9%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y34.8%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y36.9%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y-150.8%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-64.6%EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y-8.6%Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y-949.1%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-1,129.0%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y24.9%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y30.3%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y-13.7%Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y4.5%Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y34.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y37.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.62xCurrent assets / current liabilities.
Quick ratio0.09x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.09x(Cash + short-term investments) / current liabilities.
Debt / assets7.4%Total debt / total assets.
Liabilities / assets86.5%Total liabilities / total assets.
Net debtMX$821.7MTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA0.90xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage-0.45xOperating income / interest expense.
Working capital-MX$5.88BCurrent assets - current liabilities.
Goodwill and intangibles / assets0.1%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover2.93xRevenue / average total assets.
Fixed asset turnover9.89xRevenue / average property, plant and equipment.
Inventory turnover18.1xCost of revenue / average inventory.
Days inventory20 days365 x average inventory / cost of revenue.
Capex / operating cash flow75.8%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-MX$24.69Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-MX$24.69Net income per basic share, as reported (split-adjusted).
What was BBB FOODS INC's revenue in fiscal 2025?

BBB FOODS INC reported revenue of MX$78.15B for fiscal 2025, 36.1% higher than the year before.

Was BBB FOODS INC profitable in fiscal 2025?

No. It reported a net loss of MX$2.84B.

How much free cash flow did BBB FOODS INC generate in fiscal 2025?

Cash from operations of MX$4.68B minus capital expenditures of MX$3.55B left free cash flow of MX$1.13B.

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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