InsiderClue
Stocks · Consumer staples · Bottled & Canned Soft Drinks & Carbonated Waters

MEXICAN ECONOMIC DEVELOPMENT INC

FMX Clue Score61
Mexico Fiscal year ends December CIK 0001061736
$119.24 +0.43% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $119.24 +44.46% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue399.51Net income21.14Fiscal year 2017Revenue439.93 +10.1%Net income42.41 +100.6%Fiscal year 2018Revenue469.74 +6.8%Net income33.08 −22.0%Fiscal year 2019Revenue506.71 +7.9%Net income28.05 −15.2%Fiscal year 2020Revenue492.97 −2.7%Net income3.76 −86.6%Fiscal year 2021Revenue505.46 +2.5%Net income37.68 +903.1%Fiscal year 2022Revenue597.01 +18.1%Net income34.74 −7.8%Fiscal year 2023Revenue702.69 +17.7%Net income76.68 +120.7%Fiscal year 2024Revenue781.59 +11.2%Net income40.24 −47.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 399.51 439.93 469.74 506.71 492.97 505.46 597.01 702.69 781.59
Growth +10.1% +6.8% +7.9% −2.7% +2.5% +18.1% +17.7% +11.2%
Net income 21.14 42.41 33.08 28.05 3.76 37.68 34.74 76.68 40.24
Growth +100.6% −22.0% −15.2% −86.6% +903.1% −7.8% +120.7% −47.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginNet margin
Fiscal year 2016Gross margin37.1%Net margin5.3%Free cash flow margin7.8%Fiscal year 2017Gross margin36.8%Net margin9.6%Free cash flow margin4.7%Fiscal year 2018Gross margin37.3%Net margin7.0%Fiscal year 2019Gross margin37.8%Net margin5.5%Fiscal year 2020Gross margin38.5%Net margin0.8%Fiscal year 2021Gross margin40.8%Net margin7.5%Fiscal year 2022Gross margin40.5%Net margin5.8%Fiscal year 2023Gross margin39.8%Net margin10.9%Fiscal year 2024Gross margin41.1%Net margin5.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 37.1% 36.8% 37.3% 37.8% 38.5% 40.8% 40.5% 39.8% 41.1%
Net margin 5.3% 9.6% 7.0% 5.5% 0.8% 7.5% 5.8% 10.9% 5.1%
Free cash flow margin 7.8% 4.7% n/a n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow50.13Capital expenditure−19.08Free cash flow31.05Dividends paid−12.05Fiscal year 2017Operating cash flow40.14Capital expenditure−19.48Free cash flow20.65 −33.5%Dividends paid−12.26Fiscal year 2018Capital expenditure−21.58Dividends paid−12.93Fiscal year 2019Capital expenditure−22.93Dividends paid−13.63Fiscal year 2020Capital expenditure−18.66Dividends paid−15.87Fiscal year 2021Capital expenditure−17.57Dividends paid−13.40Fiscal year 2022Capital expenditure−29.35Dividends paid−17.51Fiscal year 2023Capital expenditure−34.81Dividends paid−18.80Fiscal year 2024Capital expenditure−43.68Dividends paid−25.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 50.13 40.14 n/a n/a n/a n/a n/a n/a n/a
Capital expenditure −19.08 −19.48 −21.58 −22.93 −18.66 −17.57 −29.35 −34.81 −43.68
Free cash flow 31.05 20.65 n/a n/a n/a n/a n/a n/a n/a
Growth −33.5%
Dividends paid −12.05 −12.26 −12.93 −13.63 −15.87 −13.40 −17.51 −18.80 −25.08

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash43.64Total debt137.34Net cash (debt)−93.70Shareholders’ equity211.90Debt to equity0.65Fiscal year 2017Cash96.94Total debt128.52Net cash (debt)−31.57Shareholders’ equity250.29Debt to equity0.51Fiscal year 2018Cash62.05Total debt126.23Net cash (debt)−64.18Shareholders’ equity257.05Debt to equity0.49Fiscal year 2019Cash65.56Total debt114.02Net cash (debt)−48.45Shareholders’ equity251.99Debt to equity0.45Fiscal year 2020Cash107.62Total debt184.20Net cash (debt)−76.57Shareholders’ equity237.74Debt to equity0.77Fiscal year 2021Cash97.41Total debt188.58Net cash (debt)−91.18Shareholders’ equity262.60Debt to equity0.72Fiscal year 2022Cash83.44Total debt189.88Net cash (debt)−106.44Shareholders’ equity262.60Debt to equity0.72Fiscal year 2023Cash165.11Total debt134.37Net cash (debt)30.74Shareholders’ equity303.86Debt to equity0.44Fiscal year 2024Cash139.83Total debt144.43Net cash (debt)−4.60Shareholders’ equity297.50Debt to equity0.49
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 43.64 96.94 62.05 65.56 107.62 97.41 83.44 165.11 139.83
Total debt 137.34 128.52 126.23 114.02 184.20 188.58 189.88 134.37 144.43
Net cash (debt) −93.70 −31.57 −64.18 −48.45 −76.57 −91.18 −106.44 30.74 −4.60
Shareholders’ equity 211.90 250.29 257.05 251.99 237.74 262.60 262.60 303.86 297.50
Debt to equity 0.65 0.51 0.49 0.45 0.77 0.72 0.72 0.44 0.49

In billions of MXN, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Balance sheet

In billions of MXN, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Assets
43.64 96.94 62.05 65.56 107.62 97.41 83.44 165.11 139.83
26.22 32.32 28.16 29.63 28.25 33.90 45.53 38.86 43.19
31.93 34.84 35.69 41.02 44.03 50.90 62.22 58.22 67.46
102.22 116.71 108.60 114.51 113.11 115.15 134.00 141.53 177.51
n/a 0.00 0.00 0.00 n/a n/a n/a n/a n/a
545.62 588.54 576.38 637.54 684.85 737.50 798.82 805.86 851.54
Growth +7.9% −2.1% +10.6% +7.4% +7.7% +8.3% +0.9% +5.7%
Liabilities
5.37 10.76 11.24 12.27 4.33 2.64 16.48 6.00 2.95
131.97 117.76 114.99 101.75 179.86 185.95 173.40 128.37 141.48
calc 137.34 128.52 126.23 114.02 184.20 188.58 189.88 134.37 144.43
259.45 251.63 240.84 311.79 377.66 402.38 461.01 427.49 470.41
Equity
168.80 201.87 217.80 229.79 217.43 238.31 251.19 304.65 306.40
211.90 250.29 257.05 251.99 237.74 262.60 262.60 303.86 297.50
Growth +18.1% +2.7% −2.0% −5.7% +10.5% +0.0% +15.7% −2.1%
Per share and net cash
calc −93.70 −31.57 −64.18 −48.45 −76.57 −91.18 −106.44 30.74 −4.60

Lines marked calc are worked out here from filed figures; point at one for how. Shown in MXN as filed; the screener converts to dollars.