May 2026
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Largest Public Companies in Colombia
Benchmark revenue and EBITDA valuation multiples for public comps like
Grupo Nutresa, Ecopetrol, Grupo Cibest, Interconexion Electrica and Grupo Energía Bogotá.
 | Grupo Nutresa SA is a processed food company that operates through eight business units: Cold Cuts, Biscuits, Chocolates, Tresmontes Lucchetti, Coffee, Retail Food, Ice Cream, and Pasta. The company's revenue comes from food products, Beverage, and others. The majority of the company's production and sales take place in Colombia. | $82 | +140% | $37B | $37B | 6.6x | 43.9x | ||
| Ecopetrol SA is engaged in commercial and industrial activities related to the exploration, exploitation, refining, transportation, storage, distribution, and marketing of hydrocarbons, their derivatives, and products, as well as the electric power transmission services, design, development, construction, operation, and maintenance of road and energy infrastructure projects and the provision of information technology and telecommunications services. The operations of the company are performed through four business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of the company's revenue is generated from the Refining and Petrochemical segment. | $1 | +48% | $29B | $55B | 1.7x | 4.5x | ||
| Grupo Cibest SA formerly BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Panama, El Salvador, the United States of America, Puerto Rico, Bermuda, and Guatemala. The Bank has the following segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking and All other segments. The majority of revenue is generated from the Banking Colombia segment. | $18 | +42% | $17B | $21B | 2.9x | — | ||
| Interconexion Electrica SA ESP, also known as ISA, is a mixed public services company in which the Colombian state is a majority shareholder. Through its subsidiaries, ISA participates in a variety of infrastructure projects across South and Central America. The company segments its operations into Electric Power Transmission, Roads, Telecommunications and ICT. The company generates the majority of its revenue from its Energy Transmission division where it owns, operates, and maintains high-voltage power transmission systems. | $8 | +50% | $9B | $17B | 3.9x | 7.2x | ||
| Grupo Energia Bogota SA ESP is involved in the generation, transmission, distribution, and commercialization of energy, including gas and liquid fuels of all forms. Currently, it is focused on its electricity transmission business and has a portfolio of investments in the energy sector. The group's operating segments are: Electric energy transmission, Electric energy distribution, Natural gas transportation, and Natural gas distribution. Maximum revenue is generated from its Natural gas distribution segment, which is engaged in supplying natural gas to each user, covering household, commercial, industrial, and vehicle markets. Geographically, the group generates maximum revenue from Peru, followed by Colombia, Guatemala, and other regions. | $1 | -2% | $7B | $12B | 5.4x | 7.1x | ||
| Grupo Aval Acciones y Valores SA is a Colombian financial services company. Its segments include: Banking Services segment comprises Banking Services, fund management and trust businesses, storage companies and entities that manage low-value payment systems. Merchant Banking segment comprises Financial Sector (trust and brokerage), Gas and Energy Sector (includes natural gas and energy transportation and distribution businesses), Infrastructure Sector (includes road infrastructure projects, construction services, and operation and maintenance), Hotel Sector (includes hospitality services), Agribusiness Sector (includes palm oil, rubber and rice businesses). Pension and Severance Fund Management" segment comprise administrator of pension and severance funds; and Holding segment. | $0 | +33% | $5B | $22B | 4.7x | — | ||
| Grupo de Inversiones Suramericana SA is a Latin American investment holding company with holdings in Colombian entities. It also holds stakes in companies throughout the Americas, including Chile, Mexico, Peru, Colombia, and Uruguay. The group's investment portfolio is mostly concentrated in the financial, pension, insurance, social security, and complementary services industries. The company also holds smaller stakes in processed food, cement, and energy companies. It targets companies that emphasize innovation and offer complementary services across its portfolio holdings. | $12 | +5% | $4B | $6B | 0.8x | 4.9x | ||
| Cementos Argos SA is a cement producing company. In terms of the concrete business it is Colombia's key producer and the producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title. | $3 | +1% | $3B | $2B | 1.3x | 4.1x | ||
| Banco De Bogota SA is a lending institution that provides financial services at different maturities which include loans, capital leases, commercial, consumer and mortgage lending, and microcredit. It has a portfolio of bonds and equity investments, including a stake in subsidiaries and other firms. It also operates on the currency and derivatives markets. The objectives of the group in terms of managing its capital focus on, complying with the capital requirements defined by the Colombian government for the Bank and its financial subsidiaries in Colombia and by foreign governments in countries where the Bank has financial subsidiaries and maintaining an adequate equity structure that allows the group to generate value for its shareholders. | $10 | +9% | $3B | $8B | 4.5x | — | ||
| Banco Davivienda SA is engaged in banking services. The company's operating segment includes Retail Banking, Business, ALM and International. It generates maximum Interest income from the Retail Banking segment. The company's products and services include savings and investment products, corporate money market accounts, and others. | $6 | -9% | $3B | $10B | 2.5x | — | ||
| Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America. | $4 | -35% | $2B | $1B | 0.3x | 1.1x | ||
| Celsia Colombia SA ESP is engaged in the generation of hydroelectric energy. The company engages in generation, transmission, distribution, and sale of electricity. Its power generation plants include Run-of-the-river that uses river's flow to generate electricity; and Reservoir that generates energy through stored water. The company's produced electricity is sold to wholesale markets (energy market), regulated market (small consumers) and non-regulated market (large consumers). Revenue for the company is derived from the production and sale of electricity. | $6 | -- | $2B | $2B | 1.3x | 5.5x | ||
| Promigas SA is engaged in the purchase, sale, transportation, distribution, exploitation, and exploration of natural gas, oil, and hydrocarbons in general, and the gas and oil activities in all their forms. It operates in five segments: Gas transportation, Gas distribution, Integrated solutions for the industry, Distribution and sale of gas and energy, and Non-bank financing. The transmission business consists of natural gas transmission, energy generation, and liquid natural gas. The distribution business consists of natural gas distribution, and non-banking financing, The company generates the majority of its revenue from the transport and distribution of natural gas. | $2 | -10% | $2B | $5B | 2.3x | 5.3x | ||
| Grupo Bolivar SA purpose is the investment of its funds or cash in movable and immovable property for rental and appreciation purposes and, in particular, the formation, administration and management of its own investment portfolio, consisting of shares, equity interests and interest in commercial or civil companies, participation or investment certificates, bonds issued by public or private entities and other securities with credit content or participation freely circulating in the market, bonds or other debt documents; trademarks, patents or other forms of industrial property. The group segment consists of Davivienda Bank, Bolivar Insurance, Construction and Hotel Services, and Other Activities. | $19 | +1% | $2B | $10B | 2.1x | — | ||
| Corporacion Financiera Colombiana SA operates as an investor in corporate and project structuring, management, and administration in Colombia. The company operates in Colombia and Peru and has a diversified portfolio across strategic sectors, including infrastructure, energy and gas, financial services, tourism, and agribusiness. | $4 | -20% | $1B | $5B | 1.6x | 10.2x | ||
| Almacenes Exito SA is a Colombian retailer that operates in its homeland and overseas. The company operates under three reportable segments Grupo Exito, Carulla, Low cost, and others in Colombia; Libertad in Argentina; and Disco, Devoto, and Geant chains in Uruguay. Exito has an omnichannel, multiformat, and multibrand model. Its store offerings include groceries and food, clothing, home appliances, oil-based liquid fuels, biofuels, personal care products, and home entertainment electronic and digital products. | $1 | +62% | $1B | $2B | 0.3x | 4.0x | ||
| Celsia SA Esp is a Latin American public utility company. Celsia is involved in the generation and sale of electrical energy and natural gas in Colombia, Panama, and Costa Rica. Through its principal subsidiary, Celsia Colombia S.A. E.S.P, the company owns and operates a portfolio of thermal, hydroelectric, and wind power plants. The company has two geographical operating segments namely Colombia and Central America. It generates maximum revenue from the Colombia segment. The company projects include Porvenir II and ReverdeC. | $1 | +14% | $1B | $1B | 0.8x | 2.8x | ||
| Mineros SA is a precious metals producer with gold production, development, and exploration stage properties in Latin and South America, including Colombia and Nicaragua. Its principal producing mining properties are the Nechi Alluvial mine in Colombia and the Pioneer and Panama mines in Nicaragua. The Group operates in two principal countries, Colombia (Nechi Alluvial) and Nicaragua (HEMCO Nicaragua). The Group also has gold exploration projects, including the La Pepa project in Chile, included in the Segment Chile (La Pepa). Key revenue is generated from Nicaragua (HEMCO Nicaragua). | $4 | +123% | $1B | $1B | 1.4x | 3.2x | ||
| Banco Bilbao Vizcaya Argentaria Colombia SA operates as a private banking institution. The company's main activities include providing loans to both public and private sector companies as well as individuals. It is also involved in international banking, privatizations, financial projects, and other general banking activities, as well as offering leasing services. The operating business segments are Commercial Banking, Enterprise and Institutional Banking, Corporate and Investment Banking, Asset and Liability Management, and Other Segments. The company operates in cities and towns throughout Colombia and it generates revenue through interest and service fees. | $0 | +3% | $916M | $2B | 1.5x | — | ||
| Sociedad Portafolio SA is engaged in portfolio management. | $2 | -- | $881M | $881M | — | — | ||
| Banco de Occidente SA is a Colombia based banking firm. The company offers personal banking services, including current and savings accounts; debit and credit cards; revolving credit, and credit warrant, as well as business banking products and services. | $5 | -13% | $807M | $2B | 2.4x | — | ||
| GeoPark Ltd is a Latin American oil and gas exploration and production company with assets in Colombia, Ecuador, Chile, Brazil, and Argentina. The company generates revenue from the sale of crude oil, condensate, and natural gas, net of value-added tax and discounts related to the sale and overriding royalties due to the ex-owners of oil and gas properties where the royalty arrangements represent a retained working interest in the property. | $10 | +55% | $629M | $988M | 2.0x | 3.6x | ||
| Administradora de Fondos de Pensiones y Cesantia Proteccion SA is a management company of mandatory and voluntary pension and severance funds. Its funds include voluntary and obligatory pension funds, and severance funds. | -- | -- | $625M | $515M | 1.9x | 6.8x | ||
| Organizacion Terpel SA is engaged in the business of dealing with lubricant oils, operating service stations and provide car wash services. The company also services the marine fuel market of cargo ships, dredgers, tugboats, offshore equipment's and barges that reach Colombian ports. Also, the company serves the aviation market with various types of fuels required. Geographically, the company operates in Colombia, Panama, and Other countries out of which Colombia generates maximum revenue. | -- | -- | $550M | $2B | 0.2x | 4.5x | ||
| Gran Tierra Energy Inc is an independent energy company. The company, along with its subsidiaries, is focused on oil and gas exploration and production, with assets in Colombia, Canada, and Ecuador. It produces oil, natural gas, and natural gas liquids. Gran Tierra has assembled a diversified, high-quality asset base that is fully operated in Colombia and Ecuador and partly in Canada. The company operates various blocks in Colombia and Ecuador, spanning three basins. It also has contiguous areas in Alberta, Canada, spanning various gross acres across the Western Canadian Sedimentary Basin. The company's reportable segments are Colombia, Ecuador, Canada, and Other. A majority of its revenue is derived from its operations in Colombia. | $9 | +78% | $301M | $797M | 1.3x | 2.8x | ||
| Banco Popular SA (Bogota) provides various banking products and services to individuals, agencies, medium-sized businesses, and public sector companies in Colombia. It offers personal, business, and corporate banking services. | $0 | -29% | $256M | $5B | 1.7x | — | ||
| Bolsa de Valores de Colombia SA is a operator of the Colombian capital markets infrastructure. The company offers solutions and services for Issuers (issuer services and issuances), Trading (access, transactions, and registration), Post-trading (risk management, clearing, settlement, custody, and securities administration), and Information (market information and price provision) in the transactional and OTC markets for equities, fixed income, derivatives, and foreign exchange. | $4 | +23% | $241M | ($7B) | (72.3x) | (123.6x) | ||
| Constructora Conconcreto SA designs, builds, and manages infrastructure and building projects under the Value Engineering concept. Its activities include the design, construction, financing, and execution of buildings, civil works, and real estate, along with related technical and consulting services. The company also engages in real estate investments and provides various support, platform-based, and data analytics services. It operates through four segments: Construction (infrastructure and building projects, equipment leasing, and design services), Housing (middle-class residential projects), Investments (long-term income from concessions, funds, and equity interests), and Corporate (management functions). The majority of its revenue comes from the Construction segment. | $0 | -16% | $123M | $149M | 0.9x | 7.7x | ||
| Banco Comercial AV Villas SA provides personal and commercial banking services in Colombia. It offers current accounts, AFC accounts, savings accounts, mobile accounts, and CDTs; debit and credit cards; and credit warrants, and student loans. | $1 | -17% | $116M | $326M | 1.2x | — | ||
| Bolsa Mercantil de Colombia SA is engaged in the marketing of agricultural, agro-industrial and other commodities goods, and other commodities. It also provides interests, securities, futures and options contracts, and derivative instruments through a commodity exchange. | $1 | -- | $87M | $87M | — | — | ||
| Construcciones El Condor SA operates as a civil engineering company. Its projects include road infrastructure, rail, mining, hydroelectric, highway concessions, as well as the thermal power plant, bridge, and airport projects. The Corporation has two operating segments: Construction and Investments. | $0 | +7% | $75M | $270M | 1.2x | (12.9x) | ||
| Corporacion de Ferias y Exposiciones SA organizes trade fairs, exhibitions and conventions in the Andean Region, Central America, and the Caribbean. The company also provides Banking, Travel, Health, and other services. | $0 | -- | $68M | $55M | 0.6x | 1.3x | ||
| Enka de Colombia SA produces and markets polymers and fibers of polyester and nylon, industrial raw materials in the form of granules, fibers, textile, and industrial filament and tire. | $0 | -- | $57M | $57M | — | — | ||
| Empresa de Telecomunicaciones de Bogota SA provides communication products and services for homes, small and medium businesses, and large companies in Colombia. It offers broadband and wireless Internet, local and Internet protocol telephony, infrastructure services, data center, local telephone services, digital television, interconnection and (Fourth Generation) 4G mobile services. | -- | -- | $48M | $28M | 0.1x | 0.2x | ||
| Cia de Empaques SA is a packaging company engaged in the provision of packaging solutions, packaging and storage for industrial processes such as polypropylene bags, sacks of natural fibers, polypropylene fabrics, for sectors such as agro-industry, petroleum, gas, mining, construction, and infrastructure. | $4 | -- | $47M | $47M | — | — | ||
| Compania de Electricidad de Tulua SA ESP is an electric utility company. | $135 | -- | $45M | $45M | — | — | ||
| Compania Colombiana de Tejidos Coltejer is principally engaged in the textile industry. Its activities include the production, distribution and sale of natural, artificial and synthetic fibers, fabrics and textiles. | $0 | -- | $28M | $28M | 192.1x | (1.5x) | ||
| Valores Simesa SA operates as a holding company. Through its subsidiaries it operates in the steel, mining, and real estate industries. It is engaged in investments in the real estate, as well as is active in the acquisition of bonds, shares and other financial instruments. | $3 | -- | $27M | $27M | — | — | ||
| Acerias Paz del Rio SA is engaged in the production, processing, marketing, and distribution of elements and raw materials necessary for the steel industry, as well as its products, and to carry out all kinds of industrial, commercial, and distribution activities related to steel and steel industry products. | $0 | -7% | $26M | $110M | 0.3x | 4.0x | ||
| Clinica de Marly SA provides healthcare services in Colombia. Its services includes anesthesia and pain clinic, blood bank, blood densitometry, bone marrow transplant, cardiology, clinic laboratory, dentistry, emergency, and external consultation. | $2 | -- | $25M | $25M | — | — | ||
| Credifamilia Compania de Financiamiento SA is a Colombia based financing company. It is focused on offering savings and credit services for the purchase of housing. The company provides credit for Used housing, New Housing, and Remodeling of houses. | $1 | -- | $24M | $24M | — | — | ||
| Antioquia Gold Inc is a Canada-based mineral exploration and development company. It is engaged in the acquisition, exploration, evaluation, and development of mineral resource properties in Colombia. The company's project includes the Cisneros project. The project covers approximately 5,630 hectares and is located in the central portion of the department of Antioquia, about 80 kilometers northeast of Medellin. The company has one operating and reporting segment in mining. Geographically, the company derives a majority of its revenue from Colombia and also has a presence in Barbados and Canada. | $0 | 0% | $16M | $145M | — | — | ||
| Inversiones Equipos y Servicios SA is a Colombia based sugar cane production and cultivation company. | $0 | -- | $11M | $11M | — | — | ||
| MANUFACTURAS DE CEMENTO SA operates in the building materials industry. The products offered by the company include beams, panels, grids, benches, pipes, box culvert, inspection wells, and sinks. The projects of the company are Crespo tunnel, sirena avenue, and box culvert lima. | $7 | -- | $10M | $10M | — | — | ||
| Textiles Fabricato Tejicondor SA manufactures, distributes and markets various types of fabrics, including cotton, polyester and rayon. The company sells its products in Colombia and Venezuela. | $0 | -- | $9M | $9M | — | — | ||
| Inversiones Venecia SA is a Colombia based company engaged in the plantation, maintenance and cultivation of sugarcane. | $0 | -- | $9M | $9M | — | — | ||
| Agroguachal SA is a crop farming company. The company is engaged in the cultivation and processing of agricultural products. It is specialized in the production of sugarcanes, among others. | $0 | -- | $8M | $8M | — | — | ||
| Compania Agricola San Felipe SA is a Colombia-based company which is engaged in the cultivation and production of sugar canes. | $0 | -- | $8M | $8M | — | — | ||
| Industrias Estra SA manufactures, distributes and markets plastics and related products to domestic, industrial, and agricultural customers. It produces containers for storing food, bins used to organize closets and garages, among others. | $0 | -- | $2M | $2M | — | — | ||
| Clever Leaves Holdings Inc is a producer of pharmaceutical and consumer cannabis brands. The company operates and has investments in Canada, Colombia, Germany, Portugal, and the United States. The company operates in two reportable segments namely, the Cannabinoid segment which is comprised of the company’s cultivation, extraction, and commercialization of cannabinoid products; and the Non-Cannabinoid operating segment which generates maximum revenue and is engaged in the business of formulating, manufacturing, marketing, selling, distributing, and otherwise commercializing nutraceutical and other natural remedies, wellness products, detoxification products, and nutritional and dietary supplements. | -- | -- | $0K | ($5M) | — | — | ||
| Median | $2 | +4% | $278M | $656M | 1.5x | 4.0x |
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