KOFNYSEBottled & Canned Soft Drinks & Carbonated WatersFiscal year ends December 31Also trades as COCSF
COCA COLA FEMSA SAB DE CV
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 16, 2026
$119.96+1.01 (+0.85%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
46.0%+1.0 pts over 5 years
Net margin
8.5%+2.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.2% | +13.9% | +7.5% | – | |
| Gross profit | +16.1% | +13.3% | +8.0% | – | |
| Net income | +21.5% | +14.7% | +14.4% | – | |
| EPS, diluted | +21.6% | +14.9% | +14.4% | – | |
| Free cash flow | -18.4% | -7.5% | -2.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 9.8% | 17.5% | |
| Return on assets | – | 4.6% | 8.2% | |
| Current ratio | – | 1.11 | 1.12 | |
| Debt to equity | – | 0.57 | 0.51 | |
| Inventory turnover | – | 10.4× | 11.6× | |
| Capex to revenue | 6.9% | 5.3% | 8.6% | |
| Diluted shares | – | – | 16.81B |
Where the cash went
Fiscal 2020 to 2024, five years combined
Coca Cola Femsa Sab De Cv generated 188.09B MXN from operations and spent 136.85B MXN on capital expenditure, dividends and share buybacks. 58% of that went back into the business.
Generated
188.09B MXN
Used
136.85B MXN
Capital expenditure79.31B MXN58%Dividends57.54B MXN42%Share buybacks0 MXN0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.5%
×Asset turnover0.96×
×Equity multiplier2.15×
=Return on equity, FY202417.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 8.5% | 0.96× | 2.15× | 17.5% |
| FY2023 | 8.0% | 0.89× | 2.18× | 15.5% |
| FY2022 | 8.4% | 0.83× | 2.23× | 15.4% |
| FY2021 | 8.3% | 0.71× | 2.24× | 13.2% |
| FY2020 | 5.6% | 0.70× | 2.17× | 8.6% |
| FY2019 | 6.2% | 0.75× | 2.10× | 9.8% |
| FY2017 | -7.0% | 0.65× | 2.31× | -10.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
8of 9 tests passed in fiscal 2024. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero23.73B MXN
- Cash generatingOperating cash flow above zero42.44B MXN
- Return on assets improvedROA up on the prior year7.0% → 8.7%
- Earnings backed by cashOperating cash flow above net income42.44B MXN vs 23.73B MXN
- Less leverageLong-term debt to assets fell23.8% → 22.9%
- Better liquidityCurrent ratio rose1.23 → 1.12
- No dilutionShare count did not rise16.81B → 16.81B
- Gross margin improvedGross margin up on the prior year45.23% → 46.01%
- More efficientAsset turnover rose0.88 → 1.02