BWMXNYSERetail-Catalog & Mail-Order HousesFiscal year ends December 31
BETTERWARE DE MEXICO, S.A.P.I. DE C.V
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026
$16.03−0.07 (-0.43%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
66.6%+11.9 pts over 5 years
Net margin
7.4%+3.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.0% | +7.4% | +14.5% | – | |
| Gross profit | -1.0% | +8.0% | +19.1% | – | |
| Net income | +49.0% | +6.7% | +28.9% | – | |
| EPS, diluted | +49.0% | +6.8% | +26.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 51.6% | 84.0% | |
| Return on assets | – | 9.7% | 10.6% | |
| Current ratio | – | 0.99 | 0.92 | |
| Debt to equity | – | 0.83 | 3.02 | |
| Inventory turnover | – | 4.0× | 2.1× | |
| Capex to revenue | – | 8.5% | – | |
| Diluted shares | – | 34M | 0M |
Cash use needs five years of cash flow figures
Betterware De Mexico, S.A.P.I. De C.V does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.4%
×Asset turnover1.42×
×Equity multiplier7.94×
=Return on equity, FY202584.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.4% | 1.42× | 7.94× | 84.0% |
| FY2024 | 5.0% | 1.31× | 8.20× | 54.1% |
| FY2023 | 8.0% | 1.16× | 8.76× | 81.2% |
| FY2022 | 7.6% | 1.39× | 7.24× | 76.5% |
| FY2021 | 17.4% | 2.11× | 4.62× | 169.4% |
| FY2020 | 4.1% | 2.35× | 5.32× | 51.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero1.06B MXN
- Cash generatingOperating cash flow above zero2.24B MXN
- Return on assets improvedROA up on the prior year6.4% → 10.1%
- Earnings backed by cashOperating cash flow above net income2.24B MXN vs 1.06B MXN
- Less leverageLong-term debt to assets fell35.1% → 32.1%
- Better liquidityCurrent ratio rose0.95 → 0.92
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year67.94% → 66.56%
- More efficientAsset turnover rose1.27 → 1.36