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Celsius vs Mexican Economic Development: revenue, profit, margins and growth compared

Celsius brought in $2.5B of revenue in fiscal 2025, Mexican Economic Development $37.5B in fiscal 2024. Revenue changed by +85.5% at Celsius and -9.9% at Mexican Economic Development on the year before, so Celsius grew faster. Celsius kept 4.3% of its revenue as net profit, Mexican Economic Development 5.1%.

Side by side, latest fiscal year

CELHFMX
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$2.5B$37.5B
Revenue growth+85.5%-9.9%
Net income$108M$1.9B
Net margin4.3%5.1%
Free cash flow$323.4Mn/a
Free cash flow margin12.9%n/a
Earnings per share (diluted)$0.25n/a
Cash$398.9M$6.7B
Debt$676.9Mn/a
Price to earnings112.0n/a
Market value$7.1B$40.8B
Dividend yieldn/an/a
Rank by revenue in sector#43 of 93 · Consumer staples#11 of 93 · Consumer staples

Over the years

Revenue
CELH FY2018: $52.6MCELH FY2019: $75.1MCELH FY2020: $130.7MCELH FY2021: $314.3MCELH FY2022: $653.6MCELH FY2023: $1.3BCELH FY2024: $1.4BCELH FY2025: $2.5BFMX FY2017: $23.4BFMX FY2018: $23.9BFMX FY2019: $26.9BFMX FY2020: $24.8BFMX FY2021: $27.1BFMX FY2022: $34.5BFMX FY2023: $41.6BFMX FY2024: $37.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CELH $2.5BFMX $37.5B
Net income
CELH FY2018: -$11.2MCELH FY2019: $10MCELH FY2020: $8.5MCELH FY2021: $3.9MCELH FY2022: -$187.3MCELH FY2023: $226.8MCELH FY2024: $145.1MCELH FY2025: $108MFMX FY2017: $2.2BFMX FY2018: $1.7BFMX FY2019: $1.5BFMX FY2020: $188MFMX FY2021: $1.8BFMX FY2022: $1.8BFMX FY2023: $4.5BFMX FY2024: $1.9BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CELH $108MFMX $1.9B
Net margin
CELH FY2018: -21.3%CELH FY2019: 13.3%CELH FY2020: 6.5%CELH FY2021: 1.3%CELH FY2022: -28.7%CELH FY2023: 17.2%CELH FY2024: 10.7%CELH FY2025: 4.3%FMX FY2017: 9.2%FMX FY2018: 7.0%FMX FY2019: 5.5%FMX FY2020: 0.8%FMX FY2021: 6.8%FMX FY2022: 5.2%FMX FY2023: 10.9%FMX FY2024: 5.1%FY17FY18FY19FY20FY21FY22FY23FY24FY25
CELH 4.3%FMX 5.1%
Revenue growth
CELH FY2019: +42.9%CELH FY2020: +74.0%CELH FY2021: +140.4%CELH FY2022: +108.0%CELH FY2023: +101.7%CELH FY2024: +2.9%CELH FY2025: +85.5%FMX FY2018: +2.0%FMX FY2019: +12.3%FMX FY2020: -7.8%FMX FY2021: +9.4%FMX FY2022: +27.3%FMX FY2023: +20.4%FMX FY2024: -9.9%FY18FY19FY20FY21FY22FY23FY24FY25
CELH +85.5%FMX -9.9%
Free cash flow
CELH FY2018: -$11.8MCELH FY2019: $956KCELH FY2020: $2.8MCELH FY2021: -$99.7MCELH FY2022: $99.9MCELH FY2023: $123.8MCELH FY2024: $239.5MCELH FY2025: $323.4MFMX FY2017: $1BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CELH $323.4MFMX $1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Celsius and Mexican Economic Development

Which is bigger by revenue, Celsius or Mexican Economic Development?

Mexican Economic Development is bigger by revenue: $37.5B in fiscal 2024, against $2.5B for Celsius in fiscal 2025.

Which keeps more of its revenue as profit, Celsius or Mexican Economic Development?

Celsius had a net margin of 4.3% in fiscal 2025; Mexican Economic Development had 5.1% in fiscal 2024.

Which grew revenue faster, Celsius or Mexican Economic Development?

In their latest fiscal years revenue changed by +85.5% at Celsius and -9.9% at Mexican Economic Development.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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