April 2026
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Largest Public Companies in Mexico
Benchmark revenue and EBITDA valuation multiples for public comps like
Grupo México, América Móvil, Walmart Mexico, Fresnillo and Banorte.
 | Grupo Mexico SAB de CV is a holding company that operates in the mining-metallurgic industry, the exploration, exploitation, and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The majority of the group's revenue is generated from mining. | $11 | +81% | $85B | $86B | 4.7x | 8.2x | ||
| America Movil is the largest telecom carrier in Latin America, serving about 330 million wireless customers across the region. It also provides fixed-line phone, internet access, and television services in most of the countries it serves. Mexico is the firm’s largest market, providing about 35% of service revenue. Movil dominates the Mexican wireless market with about 60% customer share and also serves about half of the country's fixed-line internet access customers. Brazil, its second most important market, provides about 20% of service revenue. Movil sold its low-margin wireless resale business in the US to Verizon in 2021 and now owns a 1.4% stake in the US telecom giant. The firm also holds a 61% stake in Telekom Austria. | $1 | +44% | $80B | $118B | 2.2x | 5.1x | ||
| Wal - Mart de Mexico SAB de CV is the owner and operator of Wal-Mart branded self-service stores in Mexico and Central America. Wal-Mart de Mexico is a subsidiary of Wal-Mart Stores Incorporated, based in the United States. The company generates the majority of revenue in Mexico and a small proportion of revenue from the rest of Central America. The company operates discount stores, hypermarkets, supermarkets, wholesale stores, and pharmacies. The company also engages in the import and sale of goods, property development, and real estate management activities. | $3 | -12% | $55B | $58B | 1.0x | 9.5x | ||
| Fresnillo PLC explores, develops, and produces silver and gold resources mainly in Mexico. The company’s reportable segments comprise seven producing mines: the Fresnillo, Saucito, and Juanicipio underground silver mines located in Zacatecas; the Cienega underground silver-gold mine in Durango; the Herradura and Noche Buena surface gold mines in Sonora; and the San Julian underground silver-gold mine situated on the border of Chihuahua and Durango. Its mining operations involve both underground and open-pit mining methods, depending on the characteristics of each deposit. | $44 | +185% | $33B | $31B | 6.6x | 11.0x | ||
| Grupo Financiero Banorte SAB de CV is a Mexican financial services company. The company offers a wide products and services including banking services, brokerage, wholesale banking, leasing, factoring, insurance, pensions, and retirement savings. It operates locally in Mexico. | $11 | +12% | $30B | $39B | 2.7x | — | ||
| Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 75% of total company revenue and over 90% of profits in 2024. | $11 | -- | $22B | $258B | 5.3x | 35.7x | ||
| Arca Continental is a major bottler for Coca-Cola, generating 94% of sales and nearly all profits by manufacturing and distributing sodas and nonsparkling drinks under Coca-Cola brands, which it sells to retailers and foodservice providers in the US and Latin America. Food and snacks under Arca’s own brands make up the rest of its revenue. By region, Mexico remains the largest beverage market, contributing 43% of sales, followed by the US (34%), Peru (8%), Ecuador (4%), and Argentina (5%). Coca-Cola has a 20% stake in AC Beverages, the entity that holds Arca’s beverage assets in the US and Latin America. | $12 | 0% | $20B | $22B | 1.5x | 7.7x | ||
| Industrias Penoles SAB de CV engages in the exploration, extraction, and sale of mineral concentrates and ores in Mexico, Europe, Asia, North America, South America, and internationally. It operates through Precious Metal, Base Metal, Metallurgical, and Other segments. The company is also involved in the smelting and refining of non-ferrous metals. It explores zinc, copper, gold, silver, bismuth deposits, and Others. | $51 | +119% | $20B | $20B | 2.3x | 6.1x | ||
| Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and also provide related services and reliable construction-related services to customers and communities and maintain business relationships in more than 60 countries throughout the world. The company operates in different parts of the world, with operations in Mexico, the United States, the EMEA region and the SCA&C region. | $1 | +63% | $18B | $23B | 1.4x | 7.6x | ||
| Grupo Carso SAB de CV is a conglomerate based in Mexico with business presence in several countries, mainly in the Americas and Europe. The firm has operations in four main business segments: commercial and retail, industrial and manufacturing, infrastructure and construction, and energy. The largest contributor to sales, the commercial and retail division, serves middle- and high-income consumers and operates department stores, boutiques, restaurants, and multimedia stores. The industrial and manufacturing segment has a portfolio of products and services focused on cables, power transformers and reactors, and alternative energies, among others. The infrastructure and construction division serves sectors like the oil and chemical industries, pipeline installation, and housing development. | $8 | +9% | $17B | $19B | 1.6x | 11.2x | ||
| Grupo Financiero Inbursa SAB de CV is a financial group that controls the majority of shares in various financial entities, including a multiple banking institution, insurance companies, and companies involved in providing financial services related to social security, asset management, and retail credit, among others. | $2 | -11% | $15B | $17B | 3.6x | — | ||
| Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses. | $3 | +11% | $15B | $24B | 1.0x | 7.1x | ||
| Grupo Aeroportuario del Pacifico SAB de CV is engaged in the construction, development, and operation of airports in Mexico. The company's segment includes Guadalajara; Tijuana; Puerto Vallarta; San Jose del Cabo; Montego Bay; Hermosillo; Guanajuato and Other Airports. It generates maximum revenue from the Guadalajara segment. | $25 | 0% | $13B | $15B | 6.3x | 11.9x | ||
| Grupo Aeroportuario del Sureste SAB de CV and its subsidiaries hold concessions to operate, maintain, and develop airports in the southeast region of Mexico. As an operator of airports, it charges airlines, passengers, and other users fees for using the airports’ facilities. The group also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. The group's operating segments are Cancun, which generates maximum revenue, Aerostar, Airplan, Merida, Villahermosa, Holding and Services, and Others. | $30 | -14% | $9B | $11B | 4.9x | 8.9x | ||
| Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its Steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the Steel segment and geographically from Mexico. | $43 | +58% | $9B | $8B | 0.5x | 4.8x | ||
| El Puerto de Liverpool SAB de CV is a retail company that operates throughout Mexico in three business segments: Liverpool, which offers clothing, home goods, furniture, and cosmetics in Liverpool stores as well as boutique locations; Suburbia, which includes Suburbia stores selling consumer products of its own brands; The credit segment is a complement to the Liverpool and Suburbia commercial segment. The company finances its clients in the form of Liverpool and Suburbia departmental credit cards, which customers can buy exclusively at company stores and real estate, which leases commercial space to tenants of its Galeria shopping malls. The Liverpool segment brings in the majority of revenue, with the Maximum portion coming from Mexico City and the surrounding areas. | $6 | +11% | $8B | $10B | 0.8x | 5.0x | ||
| PrologisProperty Mexico SA de CV is engaged in the acquisition, ownership, and leasing of industrial properties throughout Mexico. The company's real estate portfolio comprises large warehouse buildings. It focused on acquiring, owning, and managing Class-A logistics and manufacturing facilities. The company derives nearly all of its revenue as lease rental income from multinational firms. This income is fairly evenly split between its manufacturing-related facilities in Northern Mexico and consumption-related facilities located mainly in Central and Southern Mexico. In terms of total revenue, the majority of Fibra Prologis' customers are general retailers and third-party logistics firms. | $5 | +10% | $8B | $10B | 14.1x | 13.1x | ||
| Vista Energy SAB de CV is an independent oil and gas company. It is focused on shale oil and shale gas exploration at its main assets in Vaca Muerta. The company has operations in Argentina and Mexico. The company operates in a single segment- the exploration and production of Crude oil, Natural gas, and LPG. Geographically, It operates in Argentina and Mexico. it generates the majority of its revenue from Argentina. | $72 | +45% | $8B | $11B | 4.3x | 5.4x | ||
| Impulsora del Desarrollo Y El Empleo En America Latina SAB de CV, or IDEAL, is a Mexican construction and engineering company. The company operates through five main reporting lines: toll roads, service, sale of electricity, prison services, and other. Toll roads, which generates the vast majority of revenue, constructs, operates, and maintains domestic toll roads. Prison services, the next most significant segment, generates income from the operation and maintenance of rehabilitation centres within Mexico. | $2 | -- | $7B | $10B | 6.2x | 6.0x | ||
| Kimberly - Clark de Mexico SAB de CV manufactures and sells s a wide selection of paper-based products: napkins, kitchen towels, disposable diapers, feminine-care pads, bathroom tissue, facial tissue, and hand towels, among others. The company's business lines comprise: babies and infants, household products, feminine-care products, personal care, and healthcare. Its brand portfolio includes Kleenex, Sanitas, Kimlark, Petalo, Cottonelle, Depend, and Kotex. The company serves the local market, Mexico, but also the United States, Asia, and Central and South America. | $2 | +19% | $7B | $7B | 2.4x | 8.9x | ||
| Fibra Uno Administracion SA de CV is a Mexico-based company engaged in the operation of real estate investment trust (REIT). It acquires, owns, develops, and operates real estate properties, including industrial, commercial, and office properties. Revenue for the group is derived from the source of a lease, maintenance, dividend from beneficiary rights, and administration fees. Business activity is functioned from various regions of Mexico such as Jalisco, Guerrero, Hidalgo, Guanajuato, and others. | $2 | +13% | $7B | $15B | 8.2x | 6.2x | ||
| Gruma SAB de CV is an international food production company, originally from Mexico. The product portfolio is large: corn and flour tortillas, wheat flour, naan, pita bread, flatbreads, wraps, chapatti, and pizza bases, along with other food products, such as snacks, pasta, rice, condiments, and palm hearts. The company has operations in America, Europe, Asia, and Oceania, and is present in over 100 countries across the globe. Its well-known brands are Maseca, Robin Hood, Mission, Guerrero, Tortiricas and Tosty. | $17 | -16% | $6B | $7B | 1.1x | 6.3x | ||
| Promotora Y Operadora de Infraestructura SAB de CV, or Pinfra, develops and constructs infrastructure projects in Mexico. It completes highways, ports, railways, sewer systems, and other projects related to industrial development. The company has three business segments: concession, construction, and manufacture. The construction division provides services to its concessions, but has the capability to partner with third parties. Many concessions are fully operational, and the company supplies maintenance and operational support to adhere to requirements. | $15 | +26% | $6B | $4B | 3.5x | 3.0x | ||
| Grupo Comercial Chedraui SAB de CV is a Spanish company engaged in the operation of hypermarkets in Mexico and supermarkets in the United States, and it also has a real estate division. In Mexico, the company operates through two retail formats: Tiendas Chedraui and Super Chedraui, which represent different sizes and depth of assortment. The retail stores in the U.S. are located in three southwest states: California, Nevada, and Arizona. The real estate division is involved in locating, building, and remodelling the stores, as well as leasing commercial space in shopping malls where there are Chedraui stores. | $6 | -27% | $6B | $8B | 0.5x | 6.0x | ||
| Sigma Foods SAB de CV is a multinational food company focused on the production, marketing, and distribution of food products through brands in Mexico, Europe, the United States, and Latin America. The company's key offerings include: i) Cold cuts: Ham, sausage, bacon, chorizo, among others. ii) Matured meats: Serrano, prosciutto, salami, fuet, among others. iii) Dairy products: Yogurt, cheeses, butter, margarine, among others. iv) Other: Snacks, prepared foods, plant-based foods, beverages, among others. | $1 | +12% | $5B | $8B | 0.8x | 6.3x | ||
| Grupo Elektra SAB de CV is a Mexican specialty retailer and financial services provider. It operates in South and Central America and the United States. The firm's main customers are found at the base of the socioeconomic pyramid. The firm's operations are split into the commercial division and the financial division. The commercial division offers electronics, appliances, and furniture, among other things. The financial division includes Banco Azteca (Mexico, Guatemala, El Salvador, Honduras, Peru), Advance America (U.S.), Afore Azteca, Seguros Azteca, and Punto Casa de Bolsa. | $21 | +2% | $5B | $16B | — | — | ||
| Grupo Aeroportuario del Centro Norte SAB de CV operates airports in the central region of Mexico. The airport is in Monterrey, which serves nearly half of the company’s total passengers. In addition, the company manages two hotels and one industrial park. Its reportable segments include its airports, the Terminal 2 NH Collection Hotel, the Hilton Garden Inn Hotel and the OMA-VYNMSA Industrial Park, individually, and information about its holding company and other companies is combined in the Others. | $13 | -3% | $5B | $6B | 6.2x | 9.9x | ||
| Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of Coca-Cola in volume terms. The company purchases beverage concentrates and syrup from Coca-Cola, which it then processes and packages for distribution through modern trade, traditional trade, and the on-premises channel. Mexico and Brazil make up 80% of the total volume and sales, with the rest from other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. Femsa and Coca-Cola hold 47% and 28% economic interests in Coca-Cola Femsa through nonpublicly traded A and D shares, respectively, while controlling 56% and 33% of the voting power. | $9 | -- | $5B | $9B | 0.5x | 2.7x | ||
| Grupo Simec SAB de CV is a diversified producer, processor and distributor of SBQ steel and structural steel products with production and commercial operations. The group's SBQ products are used across a range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. Its structural steel products are used in the non-residential construction market and other construction applications. Its segments are Mexico, Brazil, and the United States. The maximum of its sales is from the Mexico segment. | $10 | +6% | $5B | $3B | 1.6x | 4.1x | ||
| BBB Foods Inc is a company offering a grocery hard discount model in Mexico. Also that operates through three subsidiaries namely Tiendas Tres B, Tiendas BBB and Desarrolladora Tres BSA de CV of which the main activity of Tiendas Tres B is the sale, purchase, distribution and marketing of all types of products, items and goods, as well as the establishment, and operation of individual stores and distribution centers for the sale of such products. | $37 | +27% | $4B | $5B | 1.1x | 84.1x | ||
| Banco Azteca SA Institucion De Banca Multiple provides banking products and services. The company's business divisions include Debit Business, Aztec businessman, Micronegocity and Aztec Point. | $0 | -10% | $4B | $4B | 0.8x | — | ||
| Organizacion Soriana SAB de CV is a Mexican company with a multiformat strategy. Soriana offers a diverse range of products: food, clothing, healthcare, and basic services. The company operates self-service stores, warehouse clubs, and convenience stores. Store formats are diverse, from hypermarkets with 7,000-square-metre average sales floor area, as with Soriana Hiper; to stores offering low prices on basic commodities, as with Soriano Mercado; to stores offering high-quality products, as with Soriana Super. | -- | -- | $4B | $6B | 0.5x | 7.3x | ||
| Gentera SAB de CV is a Mexican financial services company. Gentera's core activities include loans, credits, saving accounts, insurance policies, administration services, and payment operations. The company is present in Mexico, Guatemala, Peru, and the United States through subsidiaries including Compartamos Banco, a microfinancing bank; Pagos Intermex SA de CV, a financial transaction intermediary; Aterna, an insurance intermediary; and Yastas, a payments and financial transactions provider. | $3 | +21% | $4B | $7B | 2.5x | — | ||
| Corporacion Moctezuma SAB de CV is a Mexico-based company which is engaged in the production and sale of cement and ready-mix concrete. The product portfolio of the includes of compound Portland cements, white cement and mortar and others. | $5 | +4% | $4B | $4B | 3.0x | 6.6x | ||
| Qualitas Controladora SAB de CV provides auto insurance. The company offers a full line of property and casualty and liability insurance for vehicles and policyholders. | $10 | -15% | $4B | $4B | 0.8x | 14.1x | ||
| FibraEduca Management SC invests in real estate opportunities in the education sector. The company seeks investment opportunities in the education sector with administrative efficiency to generate returns to investors. | $3 | -1% | $4B | $4B | 15.7x | 13.5x | ||
| GCC SAB de CV is engaged in producing and selling hydraulic cement, concrete, and aggregates in the markets of Mexico (state of Chihuahua) and the United States of America. The company produces, markets, and distributes cement, aggregates, ready-mix concrete, and other construction materials. The company is a Mexican entity that manufactures and sells hydraulic cement, ready-mix concrete, and aggregates. Geographically, its operations are spread across Mexico and the United States, with the majority of the revenue deriving from the United States. | $12 | +15% | $4B | $4B | 2.5x | 6.6x | ||
| Industrias Ch SAB de CV is a Mexican company. It acts as a producer of special steels in Mexico and the United States. The company's products include Billet, pipes, cylindrical and corrugated steel rods, structural profiles, commercial profiles, barbed wires, and wire rods and rod derivatives. | $9 | -8% | $4B | $2B | 1.1x | 5.2x | ||
| Banco del Bajio SA is a Mexico based company engaged in the provision of full-banking services. Its activities include receiving deposits, accepting loans, granting loans, operations with securities, trust agreements, and financial factoring and leasing operations. The business segments of the company are Banking and credit transactions, Rediscounted transactions, Treasury transactions and other segments. It derives a majority of the revenue from the Banking and credit transactions activities segment. The bank operates majorly in Mexico. | $3 | +11% | $4B | $5B | 3.2x | — | ||
| Minera Frisco SAB de CV is engaged in the metal mining industry. The primary activity of the company is the exploration and exploitation of mineral resources and the sale of lead-silver concentrates, zinc concentrates, copper concentrates, copper in cathode and gold and silver rods. The company's process comprises of exploration of mining prospects and geological study of the selected areas. The company owns such subsidiaries as Minera CRA SA de CV, Minera CX SA de CV, Minera Tayahua SA de CV, Minera San Francisco del Oro, SA de CV, as well as Multiservicios de Exploracion Geologica Frisco, SA de CV. | $1 | +166% | $3B | $4B | 5.0x | 10.1x | ||
| Axtel SAB de CV is a Mexican based information and communication technology company. The company has two operating segments namely Business operating segment offers communication services such as information, data and Internet technologies, managed through the company's network and infrastructure for both multinational companies, as well as for international and national businesses. Its Government operating segment offers communication services such as information, data and Internet technologies, administered through the company's network and infrastructure, for the federal, state and municipal governments. The company generates maximum revenue from the Business segment. Geographically, it derives majority revenue from the Mexico region. | $0 | +23% | $3B | $4B | 5.0x | 14.4x | ||
| Corporacion Inmobiliaria Vesta SAB de CV is an internally managed real estate company that owns, manages, develops, and leases industrial properties in Mexico. The Company's primary business is the acquisition, development, and management of industrial and distribution center real estate. The company designs and constructs park-to-suit projects across various industries; undertakes build-to-suit projects; and provides site selection, design and engineering, and sale and leaseback services. The primary source of revenue is the rental income received from customers under operating leases. It serves aerospace, automotive, food and beverage, logistics, medical devices, plastics, and other industries. | $4 | -43% | $3B | $4B | 14.1x | 13.9x | ||
| Megacable Holdings SAB de CV is a diversified media company with interests in cable television services. The company has several business segments, including Cable Network, Internet, Telephone, Business, and other. The Cable Network segment distributes television broadcasting programs. The Internet segment provides Internet subscription services to corporate clients and individual customers. The Telephone segment provides fixed-line communications services. The Business segment provides IT services to enterprise clients, and the Other business segment provides advertising services. Megacable Holdings SAB de CV generates the majority of its revenue in Mexico. | $4 | +22% | $3B | $4B | 2.0x | 4.5x | ||
| Becle SAB de CV is a Mexico-based company operating in the liquor industry. It operates as a spirit company engaged in producing, selling and distributing spirits and liquors. The product portfolio of the company comprises whiskey, rum, and tequila, among others. The company sells its products across Mexico and around the world. Its portfolio comprises different brands such as 1800, Bushmills, Boodles, Hangar, Maestro Tequilero, Kraken, and others. | $1 | -39% | $3B | $3B | 1.4x | 4.2x | ||
| Operadora De Sites Mexicanos SA de CV is engaged in building, installing, maintaining, operating, and marketing, various types of towers and other support structures, as well as physical spaces and other non-electronic elements for the installation of radiating radio communications equipment. | $1 | -10% | $3B | $5B | 6.1x | 6.4x | ||
| Regional SA de Cv is a banking Institution focused on serving the financial needs of Small and Medium Size Businesses. The company’s segments include Wholesale Busines; Retail Banking SMEs; Preferred Banking; and Leasing. | $8 | -2% | $3B | $3B | 3.0x | — | ||
| Corporativo Fragua SAB de CV is engaged in the drug retail sector in Mexico. The company operates a network of pharmacies under the SuperFarmacia brand name, focusing on selling medicines, medical devices, and a variety of other products, including grocery items, exercise machines, perfumes, housewares, electronics, personal care products, toys, and photographic equipment. | $28 | -12% | $3B | $3B | 0.4x | 7.0x | ||
| Fibra Danhos is a real estate trust that develops, owns, leases, and operates commercial real estate assets in the metropolitan areas of Mexico. The trust's portfolio consists of commercial properties, offices, mixed-use properties, and development projects. The commercial properties, which account for the largest areas of the company's portfolio, consist of shopping centres located close to public and private transportation. The office buildings are primarily located in Mexico City with large corporate tenants. The mixed-used properties include buildings with integrated commercial, office, and hotel functions. | $2 | -1% | $3B | $3B | 5.8x | 7.1x | ||
| Alsea SAB de CV operates and franchises thousands of restaurants in Mexico, South America, and Spain. The majority of its restaurants are international brands that the company operates under license or as a franchisee. Its brands are Starbucks, Burger King, and Domino's Pizza, which collectively provide nearly 60% of the company's total revenue and total number of stores. The company's proprietary brands include Vips, El Porton, and Foster's Hollywood. Alsea generates more than half of its revenue in Mexico, while the remaining revenue is split roughly evenly between South America and Spain. | $3 | +7% | $2B | $5B | 1.1x | 5.8x | ||
| Orbia Advance Corp SAB de CV operates in the following segments: Building and Infrastructure (under the Wavin brand); Connectivity Solutions (under the Dura-Line brand); Precision Agriculture (under the Netafim brand); Fluor & Energy Materials (under the Koura brand); and Polymer Solutions (under the Vestolit and Alphagary brands). Maximum revenue for the company is generated from the Polymer Solutions segment, which focuses on general-purpose and specialty PVC resins (polyvinyl chloride), PVC, and zero-halogen specialty compounds with a wide variety of applications in everyday products, from pipes and cables to household appliances and medical devices. Geographically, the group derives maximum revenue from the USA, and also has a presence in other markets around the world. | $1 | +61% | $2B | $7B | 0.9x | 6.3x | ||
| Grupo Aeromexico SAB de CV engages in providing air transport services for passengers, goods, and cargo, as well as loyalty program services, training and management services, franchise systems commercialization, and the management of investment in shares. Its services include passenger and cargo transportation, the Club Premier loyalty program, training, charter services, and other aviation-related activities. The company operates through a single operating segment, air transportation, and its geographical presence includes both domestic and international markets, with the majority of revenue coming from the international market. | $15 | -- | $2B | $5B | 1.0x | 3.4x | ||
| Fibra Mty S.A.P.I. DE C.V. acquires and manages a portfolio of first-class corporate properties with a focus on the office and industrial sectors. Its property portfolio includes Monza 2, Prometeo, Nico 1, Fortaleza, La Perla, Patria and Cienega 3 among others. | $1 | +10% | $2B | ($2B) | — | — | ||
| Banco Invex SA Institucion De Banca Multiple-Invex Grupo Financiero is a Mexican financial institution which delivers specialized solutions. The company's business divisions are Private Banking, Business Banking, Cards, Trust, Infrastructure, and Leasing. The services provided by the company includes provision of banking and credit financial services, transactional and fiduciary services, granting of finance to corporate clients, large and medium-sized businesses through commercial loans, working capital credit lines, and other. It also offers various products such as the issuance of letters of credit, transactions with derivatives, financial counseling, and financial factoring operation. | $1 | +9% | $2B | ($2B) | (3.7x) | — | ||
| Infraestrctura Visble Sa De through its subsidiary engaged in the infrastructure sector. It's engaged in the construction, operation, maintenance, financing, and promotion of toll roads and port projects, as well as the production of asphalt mixes. | $1 | +10% | $2B | ($2B) | — | — | ||
| Banco Latinoamericano de Comercio Exterior SA provides financial solutions to financial institutions, companies, and investors doing business in Latin America, supporting trade and regional integration. The Bank provides foreign trade solutions to a select client base of American financial institutions and corporations and has developed a network of correspondent banking institutions with access to the international capital markets. It has two business segments: the Commercial Business Segment and the Treasury Business Segment. The majority of its revenue is generated from the Commercial Business segment. | $54 | +32% | $2B | $6B | 19.3x | — | ||
| FIBRA Macquarie is a real estate investment trust engaged in the acquisition, ownership, and leasing of real estate properties in Mexico. Its real estate portfolio is comprised of industrial, retail, and office space. Industrial buildings represent the vast majority of its total number of properties, total square footage, and total revenue. It derives nearly all of its revenue in the form of rental income from tenants. Its customers are automotive, electronics, and consumer products, manufacturers, and others. | $2 | +39% | $2B | $3B | 10.6x | 13.9x | ||
| Grupo Profuturo SAB de CV is engaged in the financial sector in Mexico. The company offers counselling services for life plan, savings, and asset-building purposes. | $7 | +1% | $2B | $2B | 0.9x | 4.8x | ||
| Grupo Lamosa SAB de CV manufactures and sells ceramic tiles, sanitary ware and ceramic adhesives for the construction industry. Its business segments are Ceramic, Adhesive, and Real Estate. The Ceramic segment offers Floor tiles, wall tiles, and bathroom equipment. The Adhesive segment offers adhesives for floors and walls. The Real Estate segment is engaged in commercial and residential developments. The company sells its products in domestic market, as well as exports to more than 15 countries in Central and South America, United States and Canada. The Ceramic segment generates maximum revenue. | $6 | -14% | $2B | $3B | 1.4x | 8.2x | ||
| Grupo Gigante SAB de CV is an investment holding company. The company's operating segment includes Retail; Prisa distribution; Restaurants; Real Estate; Corporate, and Other. It generates maximum revenue from the Retail segment. The Retail segment mainly sells office supplies and furniture as well as office electronics and housewares. Its Restaurants segment operates a family restaurant chain and offers other related services. Geographically, it derives a majority of revenue from Mexico and also has a presence in Chile; Central America; Colombia, and the Caribbean. | $2 | +14% | $2B | $2B | 1.2x | 6.3x | ||
| Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru, and the La Verde joint venture project. Geographical segments includes: Mexico, Ecuador, Chile, Peru and Canada. | $10 | +126% | $2B | $2B | — | (47.5x) | ||
| Corporativo GBM SAB de CV is a Mexico-based holding company which is focused on providing services and financial products to several businesses composed of large corporations and mid-cap companies, institutional investors, and Mexican and foreign individuals. | $1 | +22% | $2B | $2B | 9.5x | — | ||
| Televisa is one of the leading telecom firms in Mexico. Its cable arm, Izzi, holds networks that pass 20 million Mexican homes and provide broadband service to nearly 6 million customers. The firm is also one of the largest pay-television providers in Mexico, with nearly 4 million customers. Televisa owns Sky Mexico, the country’s only satellite-TV provider, serving about 4 million customers. After merging its traditional media business into Univision, Grupo Televisa owns a 43% stake in the combined entity TelevisaUnivision. Grupo Televisa spun off several smaller businesses, including magazine publishing, three of Mexico's professional soccer teams, and Azteca Stadium in February 2024, under the name Ollamani. | $1 | +35% | $2B | $5B | 1.3x | 3.3x | ||
| Grupo Kuo SAB de CV is a Mexico-based conglomerate that comprises various segments. The company operates through Consumer, Chemical and Automotive segment. The consumer segment is engaged in the production and sale of pork meat and consumer products; Chemical segment is engaged in the manufacture and sale of plastics and chemical products; and Automotive segment comprises of production and sale of transmissions and auto-parts. | $3 | +43% | $2B | $2B | 0.6x | 6.2x | ||
| Alpek SA is a petrochemical company with operations through two business segments: Polyester and Plastic and Chemicals. The Polyester segment comprises the production of purified terephthalic acid (PTA), polyethylene terephthalate (PET), recycled PET (rPET), and polyester fibers, which are mainly used for food and beverage packaging, textile and industrial filament markets, and The Plastics & Chemicals business segment comprises the production of polypropylene (PP), expandable styrene (EPS and Arcel), fertilizers and other chemicals, which serves a wide range of markets, including the consumer goods, automotive, construction, agriculture, pharmaceutical, and other markets. The company derives a majority of its revenue from the polyester segment. | $1 | +18% | $1B | $3B | 0.5x | 6.9x | ||
| Grupo Nacional Provincial S A B is a diversified insurance company offering insurance solutions in Mexico. It is engaged in the provision of life risk protection services, accidents and illnesses, damages, reinsurance and rebounding. | $7 | -8% | $1B | $1B | 0.2x | — | ||
| Corporacion Interamericana de Entretenimiento SAB de CV is a Mexico-based company engaged in the business of providing entertainment services in Latin America and worldwide. It offers a wide Range of entertainment options to a variety of audiences and budgets in large- and medium-sized cities. Its services include concerts, theatrical productions, sporting events, family events and cultural events, among others. In addition, it operates an amusement park in Colombia. | Events+1 | $2 | +28% | $1B | $907M | 2.9x | 1.2x | |
| Sitios Latinoamerica SAB de CV is principally engaged in the construction, installation, maintenance, operation and direct marketing of various types of towers and other support structures, as well as physical spaces and other non-electronic elements that comprise the Passive Infrastructure for the installation of radiant radio communications equipment and other Active Infrastructure, as well as the provision of other related services directly or indirectly related to the telecommunications sector. | $0 | +80% | $1B | $5B | 5.7x | 5.1x | ||
| Bolsa Mexicana de Valores SAB de CV is a public securities exchange operating in Mexico but with listings from both Mexican and foreign issuers. Its services include trading, listing, custody, clearing, and settlement, as well as counterparty services and data sales. The company's sources of revenue include cash equities, derivatives, over-the-counter activity, issuers, custody, and information services. Majority of the company's revenue is driven by trading volume. | $2 | -6% | $1B | $1B | 4.1x | 7.2x | ||
| Grupo Herdez SAB de CV specialises in the processed food and ice cream industries, with its operations primarily in Mexico. The company engages in the manufacturing, purchasing, distributing, and marketing of canned and packaged food products in Mexico, as well as food products at the Mexican food segment within the United States. Product segments include burritos, canned vegetables, frozen yogurt, guacamole, and home-style salsas. Products are then sold through a variety of brands, such as Aires de Campo, Barilla, Bufalo and many more. | $4 | +25% | $1B | $2B | 0.7x | 3.7x | ||
| RLH Properties SAB de CV is an asset management holding company. The company through its subsidiaries acquires, develops and manages city & beach, hotels & resorts in Mexico and the Caribbean, through the development of new hotels and the selective acquisition of operating hotels. | $1 | +7% | $1B | $2B | 4.4x | 17.9x | ||
| Consorcio Aristos SAB de CV is a provider of civic construction services in Mexican cities. It is engaged in the manufacture, transport and assembly of prefabricated and prestressed concrete structures. | $1 | -- | $969M | $972M | 1.9x | 19.8x | ||
| Genomma Lab Internacional SAB de CV is a specialty and generic drug manufacturer. The company's stated goal is to improve and preserve the health and well-being of people through innovative, safe, and effective products. Genomma operates a wide variety of brands to serve different consumer needs, including pregnancy, pain medication, and deodorant. The company considers merger and acquisition investment as a potential component of its operational growth strategy for expanding its research, development, manufacturing, and marketing capabilities. | $1 | -26% | $921M | $1B | 1.2x | 4.9x | ||
| Cydsa SAB de CV is engaged in production and sales of plastic pipes and fittings and irrigation systems, refrigerant gas, acrylic yarns, polyvinyl chloride resin, chlorine-caustic soda, and salt. The operating segments of the company are Chemical Products and Specialties, Refrigerant Gases and Energy Processing and Logistics. It generates maximum revenue from the Chemical Products and Specialties segment. Geographically, it derives a majority of revenue from Mexico and also has a presence in the United States and Canada; Central and South America and Europe. | $2 | +65% | $911M | $2B | 1.7x | 6.8x | ||
| Grupo Palacio de Hierro SAB de CV is a Mexico-based holding company primarily engaged in the retail sector. The company's main revenue generating activities are the operation of a network of department stores, outlets, home furnishing and accessories stores, Boutiques Palacio, boutiques, independent restaurants, bistros, restaurant-stores, travel agencies and beauty clinics as well as restaurants and travel agencies integrated into some of the stores. The company is also involved in the real estate, through the management and operation of shopping centers located in Coyoacan, Polanco, Puebla, and Monterrey. In addition, it offers sales financing services and consumer credits to its clients. | $2 | -- | $910M | $2B | 0.6x | 3.9x | ||
| Invex Controladora SAB de CV is a holding company that operates in the financial sectors. The company through its subsidiaries, provides banking, brokerage and consumer credit services. | $6 | +13% | $907M | $2B | 1.1x | — | ||
| Paratus Energy Services Ltd is a holding company. Through its subsidiaries, It operates as a drilling contractor that owns and operates five jack-up drilling units located in Mexico. It owns five jack-up rigs: West Intrepid, West Defender, West Courageous, West Oberon, and West Titania. Its other subsidiaries have a business that owns and operates six multipurpose pipelaying service vessels (PLSV) and is an oilfield service company that specializes in drilling and well services. | $6 | +47% | $900M | $1B | 9.3x | 6.7x | ||
| Dine SAB de CV is a real estate and architectural company. The company develops real estate projects in residential and tourist areas. | $1 | +8% | $870M | $1B | 5.9x | 30.3x | ||
| Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central, and South America. It uses promotional fares to stimulate demand, and the base fares are priced to compete with long-distance bus fares in Mexico. Revenues from the air transportation of passengers are recognized earlier when the service is provided or when the non-refundable ticket expires on the date of the scheduled travel. Non-passenger revenues include revenues generated from other non-passenger services and cargo services. The Company has two geographic areas identified as domestic (Mexico) and international (United States of America, Central America, and South America). | $1 | +42% | $859M | $4B | 1.3x | 4.6x | ||
| Grupo Posadas SAB de CV is a Mexico-based company engaged in the hospitality industry. Its principal activities include construction, purchase, leasing, promotion, franchising, operation and management of hotels. The company's operating segment includes Hotel operation; Vacation Club; Hotel management, brand and other and Sale of non-strategic properties. It generates maximum revenue from the Hotel operation segment. | $2 | +5% | $844M | $1B | 1.8x | 7.9x | ||
| Internacional de Ceramica SAB de CV sells the products of floors, tiles, installation materials, bathroom furniture, kitchen and complementary items that are distributed in sales centers nationwide. | $6 | -- | $776M | $928M | 1.4x | 8.0x | ||
| Monex SAB de SV is a financial services company. The company through its subsidiaries provides foreign exchange, investment banking, risk management products, letters of credit, and payment services to corporate clients. | $1 | -- | $741M | $1B | 1.7x | — | ||
| Corporacion Actinver SAB de CV provides investment management advisory services. It offers financial services to individuals and businesses through its various subsidiaries, maintaining a presence in each of its main business segments: Private Banking and Wealth Management, Global Markets, Asset Management, Corporate and Investment Banking, as well as Actinver Wealth Management and Digital Channels. | $1 | +20% | $684M | $410M | 0.7x | — | ||
| Ollamani SAB is a holding company that operates through its subsidiaries in various businesses, including the Football Business, which is the Company that owns Club America, a professional soccer team with championships in Mexico and considered one of the popular teams. Estadio Azteca is the company that owns and operates the Estadio Azteca. Games and Sweepstakes Business under the PlayCity brand, the company operates eighteen casinos in Mexico with food and beverage service, as well as a website in the one that offers sports betting and casino betting. The Company's operations are classified into three segments: Football Segment, Gaming Segment, and Publishers and Distributors Segment. | Sports+1 | $4 | +144% | $639M | $782M | 2.1x | 18.4x | |
| Betterware de Mexico SAPI de CV is a direct-to-consumer selling company. The company operates through two business segments: the home organization products (Betterware segment or BWM segment) and the beauty and personal care products (B and PC) (JAFRA segment). The Betterware’s segment is divided in seven categories of the home organization: Kitchen and food preservation, Home solutions, Bedroom, Bathroom, Laundry & Cleaning, Tech & mobility and wellness. The JAFRA’s segment is divided into four categories beauty and personal care: fragrance, color (cosmetics), skin care and toiletries. The company generates a majority of its revenue from the Beauty and personal care (B&PC) (JAFRA segment). Geographically, key revenue for the company is derived from Mexico. | $17 | +113% | $627M | $863M | 1.1x | 5.7x | ||
| Farmacias Benavides SAB de CV is a drug store chain in Mexico. The company offers prescription and over-the-counter medications. | $1 | +5% | $609M | $764M | 0.8x | 7.3x | ||
| Acosta Verde SAB De CV principal activity consists of holding majority shares in other companies whose main activity is the development, promotion, purchase, sale, leasing, subleasing, construction, and management of all types of real estate, principally related to shopping centers. | $10 | -- | $590M | $729M | 7.3x | 6.1x | ||
| Value Grupo Financiero SAB de CV is engaged in brokerage, operator of funds, investment management and leasing. The company provides services in Mexico to the client base that includes corporations, governments and individual investors. | $3 | -37% | $550M | $1B | 9.6x | — | ||
| Nemak SAB de CV is a Mexican company that is active in the automotive industry. The company is engaged in the production of complex aluminum components for powertrain and body structure applications. Its product portfolio includes cylinder heads, engine blocks, transmission parts, structural parts, cargo floor reinforcement, reinforcement side members, transmission housing, shock tower, cross member, support bracket, frame rail, and other components. The company has business operations in Canada, the United States, Mexico, Brazil, Spain, Germany, Poland, Russia, India, China, and others. Nemak earns nearly half of its revenue from North America. | $0 | +6% | $543M | $2B | 0.4x | 3.3x | ||
| Controladora Nemak SAB De CV manufactures and markets lightweighting solutions for the Automotive industry. The company specializes in the development of aluminum components for powertrain and body structure applications. The product portfolio includes cylinder heads, engine blocks, transmission cases, shock towers, subframes, battery housings, and other products. | $0 | -- | $543M | $2B | — | — | ||
| Organizacion Cultiba SAB de CV is a holding company engaged in the bottling of soft drinks and jug water, and the exclusive bottler of PepsiCo beverage products in Mexico. The company offers carbonated, non-carbonated soft drinks and jug water under own brands as well as third-party brands. | $1 | +19% | $508M | $301M | 44.9x | 3.3x | ||
| Vinte Viviendas Integrales SAPI de CV is a real estate company. The company is engaged in the design, construction, and commercialization of housing projects in Mexico. | $2 | +3% | $496M | $934M | 1.0x | 6.0x | ||
| Fibra Shop Portafolios Inmobiliarios SAPI de CV is a real estate investment trust. It is engaged in the acquisition, development, and operations of shopping centers in Mexico. The company's property portfolio comprises of Fashion mall, Power center, and Community center. | $1 | +38% | $425M | $1B | 7.4x | 5.8x | ||
| Grupo Rotoplas SAB de CV is a Mexican company which is engaged in the development and distribution of water solutions and sanitation in the Americas. It offers equipment for water storage, piping, purification and water treatment. The company also provides integrated systems for water treatment, distributed with added value services, such as installation and maintenance. Its operating segment includes Individual solutions and Comprehensive solutions. The company generates maximum revenue from the Individual solutions segment. Geographically, it derives a majority of revenue from Mexico. | $1 | -2% | $353M | $591M | 0.9x | 7.7x | ||
| Cibanco S A Institucion De Banca Multiple operates as a real estate investment trust in the Mexican hospitality industry. It manages a portfolio of business class hotels under various brands including Fiesta Inn, One Hotels, AC by Marriott, Sheraton, Fiesta Americana, Camino Real, and Real Inn. The hotels are categorized into segments based on their services: Limited Service (hotels without restaurants), Select Service (hotels with additional services like bars, room service, and conference rooms), Full Service (hotels with consumption centers and meeting rooms), and Hotels with studio apartments, work areas, and full kitchens. | $0 | -14% | $348M | $560M | 1.8x | 7.2x | ||
| Grupo Traxion SAB de CV is engaged in distribution, logistics and ground transportation. The company provides freight, integrated logistics, warehousing, logistics systems, personnel and student transportation, moving, advertising and special services. | $1 | -47% | $332M | $1B | 0.6x | 3.7x | ||
| Consorcio Ara SAB de CV is a Mexican housing development company. The company designs, develops, constructs, and markets low income, affordable entry level, middle income, and residential housing developments. In addition, the group rents mini-supermarkets under operating leases in Mexico. Consorcio derives the majority of its revenue offering its services to middle-income sector. | $0 | +45% | $323M | $355M | 0.8x | 5.0x | ||
| Medica Sur SAB de CV is a medical care company specializes in emergency scenarios. The company offers emergency ambulance transportation, air transportation and paramedic assistance. | $3 | +39% | $319M | $289M | 1.0x | 4.5x | ||
| Grupo Financiero Multiva S A B is a Mexican holding company active in the financial sectors. The company owns subsidiaries that include multiple banking institutions, brokerage house and entity engaged in the provision of administrative services. | $0 | -- | $310M | ($446M) | (1.2x) | — | ||
| Grupo Gicsa SAB de CV is a Mexican company which is engaged in the real estate development. The company's business activities include development of real estate and residential projects, acquisition, sale, construction, marketing and leasing of shopping centers, buildings corporate and hospitality services. | $0 | +37% | $310M | $2B | 4.8x | 5.5x | ||
| Cox Energy America SAB de CV is a solar photovoltaic renewable energy generation company that develops, promotes and operates photovoltaic plants in the main countries of Latin America and Europe, with presence in Mexico, Chile, Colombia, Guatemala, Central America and Spain. It has a unique portfolio of projects in different stages of development and identified opportunities to carry out its activity within a sustainable development framework. Cox Energy also operates throughout the value chain, with a presence in the business of self-consumption and/or distributed generation and commercialization of energy in Latin America and Europe. | $2 | -8% | $304M | $379M | 0.6x | 2.8x | ||
| Median | $3 | +11% | $2B | $3B | 1.7x | 6.3x |
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