ASR vs PAC
Southeast Airport Group and Pacific Airport Group, side by side — 10 fiscal years reported in MXN, drawn from SEC filings.
Most recent reported year
| Metric | ASR | PAC |
|---|---|---|
| Revenue | MXN 31.3B | MXN 33.6B |
| Net income | MXN 14.0B | MXN 8.6B |
| Gross margin | · | · |
| Net margin | 44.8% | 26.4% |
| Return on equity | · | 40.9% |
| Diluted EPS | MXN 45.17 | MXN 17.04 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | MXN 11.2B | · |
| Equity | MXN 54.2B | MXN 22.3B |
| Net debt / equity | −0.12× | 1.54× |
| Current ratio | 4.36× | 0.85× |
| Revenue CAGR 5y | 13.2% | 15.7% |
| Profit CAGR 5y | 19.8% | 9.9% |
ASR and PAC book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (44.8% against 26.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ASR | PAC |
|---|---|---|
| FY2024 | MXN 31.3B | MXN 33.6B |
| FY2023 | MXN 25.8B | MXN 33.2B |
| FY2022 | MXN 25.3B | MXN 27.4B |
| FY2021 | MXN 18.8B | MXN 19.0B |
| FY2020 | MXN 12.6B | MXN 11.9B |
| FY2019 | MXN 16.8B | MXN 16.2B |
| FY2018 | MXN 15.4B | MXN 14.1B |
| FY2017 | MXN 12.6B | MXN 12.4B |
| FY2016 | MXN 9.8B | MXN 11.1B |
| FY2015 | MXN 9.0B | MXN 8.1B |
Bottom line
| Fiscal year | ASR | PAC |
|---|---|---|
| FY2024 | MXN 14.0B | MXN 8.6B |
| FY2023 | MXN 10.7B | MXN 9.5B |
| FY2022 | MXN 10.6B | MXN 9.0B |
| FY2021 | MXN 6.4B | MXN 6.0B |
| FY2020 | MXN 2.1B | MXN 2.0B |
| FY2019 | MXN 5.7B | MXN 5.4B |
| FY2018 | MXN 5.1B | MXN 5.0B |
| FY2017 | MXN 6.8B | MXN 4.6B |
| FY2016 | MXN 3.6B | MXN 3.3B |
| FY2015 | MXN 2.9B | MXN 2.7B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −MXN 2,281,587,000 | PAC |
| FY2023 | −MXN 7,402,500,000 | PAC |
| FY2022 | −MXN 2,066,494,000 | PAC |
| FY2021 | −MXN 230,245,000 | PAC |
| FY2020 | +MXN 758,358,000 | ASR |
| FY2019 | +MXN 595,617,000 | ASR |
| FY2018 | +MXN 1,287,351,000 | ASR |
| FY2017 | +MXN 223,900,000 | ASR |
| FY2016 | −MXN 1,354,070,000 | PAC |
| FY2015 | +MXN 887,688,000 | ASR |
The higher-revenue side has changed between ASR and PAC over this period. The gap has widened since the earliest year compared.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +18.4 pp | ASR |
| FY2023 | +12.2 pp | ASR |
| FY2022 | +8.5 pp | ASR |
| FY2021 | +2.3 pp | ASR |
| FY2020 | +0.7 pp | ASR |
| FY2019 | +0.2 pp | ASR |
| FY2018 | −3.2 pp | PAC |
| FY2017 | +15.4 pp | ASR |
| FY2016 | +7.0 pp | ASR |
| FY2015 | −1.8 pp | PAC |
The higher net margin has changed hands between ASR and PAC over this period.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ASR's net margin has been more volatile than PAC's over the 10 comparable fiscal years — 9.2 percentage points of standard deviation against 5.9.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ASR and PAC over these 10 fiscal years — ASR led in 8 and PAC in 2.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.