FMXNYSEBottled & Canned Soft Drinks & Carbonated WatersFiscal year ends December 31
MEXICAN ECONOMIC DEVELOPMENT INC
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 24, 2026
$126.93+0.47 (+0.37%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
41.1%+3.3 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.2% | +15.6% | +9.1% | – | |
| Gross profit | +15.0% | +16.0% | +10.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on assets | – | – | – | |
| Current ratio | – | 1.26 | 1.69 | |
| Debt to equity | – | 0.47 | 0.50 | |
| Inventory turnover | – | 8.2× | 7.3× | |
| Capex to revenue | 5.6% | 4.5% | 5.6% |
Cash use needs five years of cash flow figures
Mexican Economic Development 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 margin9.6%
×Asset turnover0.78×
×Equity multiplier2.45×
=Return on equity, FY201718.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2017 | 9.6% | 0.78× | 2.45× | 18.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
2of 4 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero–
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income– vs –
- Less leverageLong-term debt to assets fell15.9% → 16.6%
- Better liquidityCurrent ratio rose1.95 → 1.69
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year39.78% → 41.14%
- More efficientAsset turnover rose0.88 → 0.97