Mexican Economic Development Inc (FMX)
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide. The company operates through Coca-Cola FEMSA, Proximity Americas Division, Proximity Europe Division, Health Division, Fuel Division, and Others segments. It produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. The company also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, Brazil, and the United States under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, Sana Sana, YZA, La Moderna, and Farmacon names. In addition, the company provides transport logistics and maintenance services in Mexico, Brazil, and Colombia; processes electronic transactions for small and medium-sized businesses under the Spin name; and engages in the proximity discount grocery business under the Bara name. Further, it operates small-box retail and foodvenience chain stores in Switzerland, Germany, Austria, Luxembourg, and the Netherlands under the k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo, and ok. brands. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico.
- Ticker
- FMX
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Beverages - Brewers
- 52-week range
- $92.55 - $141.47
Valuation
- Share price
- $129.85 (close of Nov 6, 2026)
- P/E (TTM)
- 25.32x
- Price to book
- 2.54x
- Price to free cash flow
- 25.69x
Price performance
| Period | Change |
|---|---|
| 1 day | +1.41% |
| 5 days | +2.97% |
| 1 month | +11.00% |
| 3 months | +6.28% |
| 6 months | +6.29% |
| Year to date | +28.48% |
| 1 year | +39.13% |
| 3 years | +7.82% |
| 5 years | +59.60% |
| 10 years | +43.69% |
| All time | +989.65% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 0.66%
- Shares short
- 2.22M
- Days to cover
- 4.22
- Change since prior report
- +19.25%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed FMX trades
Jonathan Jackson · Josh Gottheimer
Super investors holding FMX
First Eagle Investment (First Eagle Investment Management, LLC) · Bill Nygren (Harris Associates LP) · Ken Griffin (Citadel)
Profitability and growth
- Return on equity
- 10.04%
- Return on invested capital
- 5.63%*
- Return on assets
- 4.15%
- Return on capital employed
- 9.05%*
- Gross margin
- 40.62%
- Net margin
- 3.93%
- EBITDA margin
- 11.55%
- Revenue growth
- 7.60%
- Net income growth
- -17.85%
- Free cash flow growth
- 17.07%
* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.89%
- Current ratio
- 1.35x
- Net debt to EBITDA
- 1.30x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 343.22M
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 40.62% | 3.93% | 10.04% | 5.63%* |
| 2024-12-31 | 41.14% | 5.15% | 10.56% | 6.31%* |
| 2023-12-31 | 39.78% | 10.91% | 20.27% | 12.54%* |
| 2022-12-31 | 40.45% | 5.82% | 10.29% | 5.58%* |
| 2021-12-31 | 40.79% | 7.45% | 11.24% | 6.41%* |
| 2020-12-31 | 38.47% | 0.76% | 1.22% | 1.68%* |
| 2019-12-31 | 37.79% | 5.54% | 8.61% | 5.63%* |
| 2018-12-31 | 37.29% | 7.04% | 9.86% | 7.13%* |
| 2017-12-31 | 36.84% | 9.64% | 12.59% | 9.06%* |
| 2016-12-31 | 37.10% | 5.29% | 7.39% | 4.97%* |
* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-28 | Sep 2026 | - |
| 2026-07-28 | Jun 2026 | - |
| 2026-04-30 | Mar 2026 | - |
| 2026-02-25 | Dec 2025 | - |
| 2025-10-28 | Sep 2025 | - |
| 2025-07-28 | Jun 2025 | - |
| 2025-04-28 | Mar 2025 | - |
| 2025-02-27 | Dec 2024 | - |
Filings and sources
- Company website
- femsa.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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All Consumer Defensive companies
Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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