FMX Financial Statements

Balance sheet, income statement, cash flow, and dividends for Mexican Economic Development Inc (FMX).


$30.59B Market Cap.

As of 04/24/2025 5:00 PM ET (MRY) • Disclaimer

FMX Market Cap. (MRY)


FMX Shares Outstanding (MRY)


FMX Assets (MRY)


Total Assets

$851.54B

Total Liabilities

$470.40B

Total Investments

$73.69B

FMX Income (MRY)


Revenue

$781.59B

Net Income

$26.73B

Operating Expense

$251.05B

FMX Cash Flow (MRY)


CF Operations

$71.51B

CF Investing

-$33.12B

CF Financing

-$84.05B

FMX Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$3.11

3.60%

49.33%

23.05%

4.34

2023

$2.08

1.60%

22.95%

6.35%

15.74

2022

$1.70

2.20%

48.03%

14.24%

7.02

2021

$1.15

1.50%

-19.54%

8.06%

12.40

2020

$1.42

1.90%

-

-142.30%

-0.70

FMX Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$851,536,000,000 (5.67%)

$805,856,000,000 (0.88%)

$798,815,000,000 (8.31%)

$737,500,000,000 (7.69%)

Assets Current

$342,311,000,000 (-3.89%)

$356,159,000,000 (57.28%)

$226,449,000,000 (-1.85%)

$230,718,000,000 (14.63%)

Assets Non-Current

$509,225,000,000 (13.24%)

$449,697,000,000 (-21.43%)

$572,366,000,000 (12.94%)

$506,782,000,000 (4.80%)

Goodwill & Intangible Assets

$146,336,000,000 (2.18%)

$143,218,000,000 (-24.93%)

$190,772,000,000 (20.64%)

$158,138,000,000 (1.70%)

Shareholders Equity

$297,502,000,000 (-2.09%)

$303,860,000,000 (15.71%)

$262,604,000,000 (0.00%)

$262,601,000,000 (10.46%)

Property Plant & Equipment Net

$275,471,000,000 (20.05%)

$229,471,000,000 (5.28%)

$217,967,000,000 (26.62%)

$172,141,000,000 (2.55%)

Cash & Equivalents

$139,834,000,000 (-15.31%)

$165,112,000,000 (97.88%)

$83,439,000,000 (-14.34%)

$97,407,000,000 (-9.49%)

Accumulated Other Comprehensive Income

-$9,573,000,000 (55.97%)

-$21,740,000,000 (-125.31%)

-$9,649,000,000 (-412.77%)

$3,085,000,000 (465.95%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$73,691,000,000 (5.52%)

$69,835,000,000 (-39.32%)

$115,089,000,000 (-14.24%)

$134,194,000,000 (34.72%)

Investments Current

$44,994,000,000 (3.23%)

$43,588,000,000 (281.68%)

$11,420,000,000 (-57.54%)

$26,895,000,000 (1902.61%)

Investments Non-Current

$28,697,000,000 (9.33%)

$26,247,000,000 (-74.68%)

$103,669,000,000 (-3.38%)

$107,299,000,000 (9.19%)

Inventory

$67,464,000,000 (15.87%)

$58,222,000,000 (-6.43%)

$62,224,000,000 (22.26%)

$50,896,000,000 (15.58%)

Trade & Non-Trade Receivables

$43,192,000,000 (11.14%)

$38,863,000,000 (-14.64%)

$45,527,000,000 (34.31%)

$33,898,000,000 (20.00%)

Trade & Non-Trade Payables

$129,282,000,000 (19.38%)

$108,290,000,000 (-1.77%)

$110,242,000,000 (18.09%)

$93,352,000,000 (24.19%)

Accumulated Retained Earnings (Deficit)

$306,400,000,000 (0.57%)

$304,653,000,000 (21.28%)

$251,192,000,000 (5.41%)

$238,306,000,000 (9.60%)

Tax Assets

$53,102,000,000 (9.86%)

$48,336,000,000 (4.51%)

$46,251,000,000 (19.13%)

$38,824,000,000 (-0.81%)

Tax Liabilities

$15,900,000,000 (-6.67%)

$17,037,000,000 (-27.55%)

$23,517,000,000 (5.45%)

$22,302,000,000 (19.83%)

Total Debt

$300,227,000,000 (9.95%)

$273,054,000,000 (-11.68%)

$309,151,000,000 (15.14%)

$268,501,000,000 (1.31%)

Debt Current

$57,687,000,000 (12.72%)

$51,179,000,000 (6.82%)

$47,911,000,000 (90.55%)

$25,143,000,000 (-12.08%)

Debt Non-Current

$242,540,000,000 (9.31%)

$221,875,000,000 (-15.07%)

$261,240,000,000 (7.35%)

$243,358,000,000 (2.93%)

Total Liabilities

$470,405,000,000 (10.04%)

$427,487,000,000 (-7.27%)

$461,014,000,000 (14.57%)

$402,383,000,000 (6.55%)

Liabilities Current

$202,930,000,000 (11.27%)

$182,381,000,000 (3.09%)

$176,922,000,000 (29.40%)

$136,723,000,000 (15.46%)

Liabilities Non-Current

$267,475,000,000 (9.13%)

$245,106,000,000 (-13.72%)

$284,092,000,000 (6.94%)

$265,660,000,000 (2.47%)

FMX Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$781,585,000,000 (11.23%)

$702,692,000,000 (4.38%)

$673,202,000,000 (21.02%)

$556,261,000,000 (12.84%)

Cost of Revenue

$460,072,000,000 (8.72%)

$423,185,000,000 (0.39%)

$421,534,000,000 (23.06%)

$342,548,000,000 (12.94%)

Selling General & Administrative Expense

$251,051,000,000 (13.58%)

$221,039,000,000 (15.23%)

$191,826,000,000 (18.93%)

$161,298,000,000 (10.18%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$251,051,000,000 (13.58%)

$221,039,000,000 (15.23%)

$191,826,000,000 (18.93%)

$161,298,000,000 (10.18%)

Interest Expense

$20,002,000,000 (34.10%)

$14,916,000,000 (-8.57%)

$16,314,000,000 (-3.68%)

$16,938,000,000 (-3.30%)

Income Tax Expense

$25,433,000,000 (96.08%)

$12,971,000,000 (-9.89%)

$14,395,000,000 (0.82%)

$14,278,000,000 (-3.65%)

Net Loss Income from Discontinued Operations

-$115,000,000 (99.64%)

-$32,238,000,000 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$40,236,000,000 (-47.53%)

$76,677,000,000 (120.70%)

$34,743,000,000 (-7.79%)

$37,678,000,000 (903.14%)

Net Income to Non-Controlling Interests

$13,501,000,000 (22.87%)

$10,988,000,000 (1.42%)

$10,834,000,000 (17.98%)

$9,183,000,000 (61.50%)

Net Income

$26,735,000,000 (-59.30%)

$65,689,000,000 (174.75%)

$23,909,000,000 (-16.09%)

$28,495,000,000 (1576.42%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$26,735,000,000 (-59.30%)

$65,689,000,000 (174.75%)

$23,909,000,000 (-16.09%)

$28,495,000,000 (1576.42%)

Weighted Average Shares

$3,577,844,970 (-0.01%)

$3,578,226,270 (0.00%)

$3,578,226,270 (0.00%)

$3,578,226,270 (0.00%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

$72,170,000,000 (-22.88%)

$93,576,000,000 (71.33%)

$54,618,000,000 (-8.53%)

$59,711,000,000 (96.39%)

Gross Profit

$321,513,000,000 (15.03%)

$279,507,000,000 (11.06%)

$251,668,000,000 (17.76%)

$213,713,000,000 (12.69%)

Operating Income

$70,462,000,000 (20.51%)

$58,468,000,000 (-2.30%)

$59,842,000,000 (14.17%)

$52,415,000,000 (21.16%)

FMX Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$33,122,000,000 (-125.04%)

$132,292,000,000 (384.92%)

-$46,432,000,000 (-0.56%)

-$46,175,000,000 (-47.21%)

Net Cash Flow from Financing

-$84,049,000,000 (9.19%)

-$92,552,000,000 (-157.82%)

-$35,898,000,000 (2.95%)

-$36,989,000,000 (-288.96%)

Net Cash Flow from Operations

$71,510,000,000 (43.94%)

$49,679,000,000 (-45.81%)

$91,672,000,000 (5.73%)

$86,706,000,000 (26.51%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$45,661,000,000 (-151.06%)

$89,419,000,000 (1016.74%)

-$9,754,000,000 (3.18%)

-$10,074,000,000 (-124.34%)

Net Cash Flow - Business Acquisitions and Disposals

$17,506,000,000 (-89.16%)

$161,447,000,000 (501.03%)

-$40,258,000,000 (-318.83%)

-$9,612,000,000 (58.96%)

Net Cash Flow - Investment Acquisitions and Disposals

-$9,304,000,000 (66.52%)

-$27,789,000,000 (-215.90%)

$23,977,000,000 (220.72%)

-$19,862,000,000 (-291.42%)

Capital Expenditure

-$41,871,000,000 (-25.02%)

-$33,491,000,000 (-12.62%)

-$29,737,000,000 (-87.73%)

-$15,840,000,000 (12.96%)

Issuance (Repayment) of Debt Securities

-$24,832,000,000 (48.65%)

-$48,354,000,000 (-449.17%)

-$8,805,000,000 (21.27%)

-$11,184,000,000 (-119.87%)

Issuance (Purchase) of Equity Shares

-$20,311,000,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

-$25,080,000,000 (-33.42%)

-$18,798,000,000 (-7.38%)

-$17,506,000,000 (-30.65%)

-$13,399,000,000 (15.56%)

Effect of Exchange Rate Changes on Cash

$19,406,000,000 (350.53%)

-$7,746,000,000 (-83.82%)

-$4,214,000,000 (-2846.85%)

-$143,000,000 (-121.00%)

Share Based Compensation

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Depreciation Amortization & Accretion

$35,199,000,000 (3.47%)

$34,017,000,000 (11.43%)

$30,527,000,000 (9.08%)

$27,987,000,000 (-0.22%)

FMX Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

41.10% (3.27%)

39.80% (6.42%)

37.40% (-2.60%)

38.40% (-0.26%)

Profit Margin

3.40% (-63.44%)

9.30% (158.33%)

3.60% (-29.41%)

5.10% (1375.00%)

EBITDA Margin

13.70% (-24.73%)

18.20% (44.44%)

12.60% (-20.25%)

15.80% (32.77%)

Return on Average Equity (ROAE)

8.90% (-61.64%)

23.20% (154.95%)

9.10% (-20.18%)

11.40% (1525.00%)

Return on Average Assets (ROAA)

3.20% (-60.98%)

8.20% (164.52%)

3.10% (-22.50%)

4.00% (1433.33%)

Return on Sales (ROS)

9.20% (-30.83%)

13.30% (64.20%)

8.10% (-24.30%)

10.70% (72.58%)

Return on Invested Capital (ROIC)

11.50% (-22.82%)

14.90% (73.26%)

8.60% (-14.85%)

10.10% (74.14%)

Dividend Yield

3.60% (125.00%)

1.60% (-27.27%)

2.20% (46.67%)

1.50% (-21.05%)

Price to Earnings Ratio (P/E)

131.97 (95.80%)

67.4 (-47.29%)

127.88 (13.99%)

112.19 (107.44%)

Price to Sales Ratio (P/S)

0.82 (-27.53%)

1.13 (39.18%)

0.81 (-21.07%)

1.02 (-6.31%)

Price to Book Ratio (P/B)

2.14 (-17.67%)

2.6 (25.51%)

2.07 (-4.47%)

2.17 (-4.32%)

Debt to Equity Ratio (D/E)

1.58 (12.37%)

1.41 (-19.87%)

1.76 (14.62%)

1.53 (-3.59%)

Earnings Per Share (EPS)

13.5 (-58.84%)

32.8 (175.63%)

11.9 (-16.20%)

14.2 (1520.00%)

Sales Per Share (SPS)

104.82 (-9.47%)

115.79 (19.89%)

96.58 (27.36%)

75.83 (9.54%)

Free Cash Flow Per Share (FCFPS)

82.84 (83.11%)

45.24 (-73.86%)

173.09 (-12.60%)

198.05 (40.78%)

Book Value Per Share (BVPS)

831.51 (-2.08%)

849.19 (15.71%)

733.89 (0.00%)

733.89 (10.46%)

Tangible Assets Book Value Per Share (TABVPS)

1,971.02 (6.43%)

1,851.86 (8.98%)

1,699.29 (4.95%)

1,619.13 (9.45%)

Enterprise Value Over EBIT (EV/EBIT)

11 (0.00%)

11 (-15.38%)

13 (8.33%)

12 (-42.86%)

Enterprise Value Over EBITDA (EV/EBITDA)

7.2 (-8.50%)

7.87 (-5.82%)

8.35 (0.26%)

8.33 (-25.36%)

Asset Turnover

0.94 (7.65%)

0.88 (0.00%)

0.88 (12.02%)

0.78 (4.83%)

Current Ratio

1.69 (-13.62%)

1.95 (52.58%)

1.28 (-24.13%)

1.69 (-0.76%)

Dividends

$3.11 (49.33%)

$2.08 (22.95%)

$1.7 (48.03%)

$1.15 (-19.54%)

Free Cash Flow (FCF)

$29,639,000,000 (83.09%)

$16,188,000,000 (-73.86%)

$61,935,000,000 (-12.60%)

$70,866,000,000 (40.78%)

Enterprise Value (EV)

$37,077,796,408 (-37.34%)

$59,174,772,433 (62.09%)

$36,507,803,621 (2.44%)

$35,637,043,110 (8.71%)

Earnings Before Tax (EBT)

$52,168,000,000 (-33.68%)

$78,660,000,000 (105.36%)

$38,304,000,000 (-10.45%)

$42,773,000,000 (231.86%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$107,369,000,000 (-15.85%)

$127,593,000,000 (49.85%)

$85,145,000,000 (-2.91%)

$87,698,000,000 (50.03%)

Invested Capital

$662,663,000,000 (12.66%)

$588,199,000,000 (-10.45%)

$656,833,000,000 (7.02%)

$613,733,000,000 (7.99%)

Working Capital

$139,381,000,000 (-19.79%)

$173,778,000,000 (250.88%)

$49,527,000,000 (-47.31%)

$93,995,000,000 (13.44%)

Tangible Asset Value

$705,200,000,000 (6.42%)

$662,638,000,000 (8.98%)

$608,043,000,000 (4.95%)

$579,362,000,000 (9.45%)

Market Capitalization

$30,586,996,649 (-34.42%)

$46,642,179,429 (66.86%)

$27,953,103,621 (0.53%)

$27,806,396,344 (2.56%)

Average Equity

$300,681,000,000 (6.16%)

$283,232,000,000 (7.86%)

$262,602,500,000 (4.97%)

$250,172,000,000 (2.17%)

Average Assets

$828,696,000,000 (3.29%)

$802,335,500,000 (4.45%)

$768,157,500,000 (8.01%)

$711,174,000,000 (7.56%)

Invested Capital Average

$625,431,000,000 (-0.43%)

$628,153,500,000 (-1.12%)

$635,283,000,000 (7.49%)

$591,031,500,000 (11.94%)

Shares

3,577,844,970 (-0.01%)

3,578,226,270 (0.00%)

3,578,226,270 (0.00%)

3,578,226,270 (0.00%)