FMX vs KOF
Mexican Economic Development Inc. and Coca Cola Femsa SAB de CV, side by side — 10 fiscal years reported in MXN, drawn from SEC filings.
Most recent reported year
| Metric | FMX | KOF |
|---|---|---|
| Revenue | MXN 781.6B | MXN 279.8B |
| Net income | MXN 40.2B | MXN 23.7B |
| Gross margin | 41.1% | 46.0% |
| Net margin | 5.1% | 8.8% |
| Return on equity | · | 17.5% |
| Diluted EPS | · | MXN 1.41 |
| Dividend / share | · | · |
| Payout ratio | · | 54.2% |
| Free cash flow | · | MXN 18.5B |
| Equity | MXN 297.5B | MXN 143.4B |
| Net debt / equity | 0.02× | 0.28× |
| Current ratio | 1.69× | 1.12× |
| Revenue CAGR 5y | 9.1% | 7.5% |
| Profit CAGR 5y | 7.5% | 14.4% |
FMX bills 2.8× the revenue of KOF, and KOF keeps more of each dollar of revenue as profit (8.8% against 5.1%).
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 | FMX | KOF |
|---|---|---|
| FY2024 | MXN 781.6B | MXN 279.8B |
| FY2023 | MXN 702.7B | MXN 245.1B |
| FY2022 | MXN 597.0B | MXN 226.7B |
| FY2021 | MXN 505.5B | MXN 194.8B |
| FY2020 | MXN 493.0B | MXN 183.6B |
| FY2019 | MXN 506.7B | MXN 194.5B |
| FY2018 | MXN 469.7B | MXN 182.3B |
| FY2017 | MXN 439.9B | MXN 183.3B |
| FY2016 | MXN 399.5B | MXN 177.7B |
| FY2015 | MXN 311.6B | MXN 152.4B |
Bottom line
| Fiscal year | FMX | KOF |
|---|---|---|
| FY2024 | MXN 40.2B | MXN 23.7B |
| FY2023 | MXN 76.7B | MXN 19.5B |
| FY2022 | MXN 34.7B | MXN 19.0B |
| FY2021 | MXN 37.7B | MXN 15.7B |
| FY2020 | MXN 3.8B | MXN 10.3B |
| FY2019 | MXN 28.0B | MXN 12.1B |
| FY2018 | MXN 33.1B | MXN 15.1B |
| FY2017 | MXN 37.2B | MXN -11.7B |
| FY2016 | MXN 27.2B | MXN 10.5B |
| FY2015 | MXN 17.7B | MXN 10.2B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +MXN 501,792,000,000 | FMX |
| FY2023 | +MXN 457,604,000,000 | FMX |
| FY2022 | +MXN 370,268,000,000 | FMX |
| FY2021 | +MXN 310,656,000,000 | FMX |
| FY2020 | +MXN 309,351,000,000 | FMX |
| FY2019 | +MXN 312,240,000,000 | FMX |
| FY2018 | +MXN 287,402,000,000 | FMX |
| FY2017 | +MXN 256,676,000,000 | FMX |
| FY2016 | +MXN 221,789,000,000 | FMX |
| FY2015 | +MXN 159,229,000,000 | FMX |
FMX has reported the higher revenue in every one of these 10 fiscal years. 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 | −3.6 pp | KOF |
| FY2023 | +2.7 pp | FMX |
| FY2022 | −2.8 pp | KOF |
| FY2021 | −0.9 pp | KOF |
| FY2020 | −4.9 pp | KOF |
| FY2019 | −1.0 pp | KOF |
| FY2018 | −1.2 pp | KOF |
| FY2017 | +14.8 pp | FMX |
| FY2016 | +0.9 pp | FMX |
| FY2015 | +0.7 pp | FMX |
The higher net margin has changed hands between FMX and KOF over this period.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KOF's net margin has been more volatile than FMX's over the 10 comparable fiscal years — 4.3 percentage points of standard deviation against 2.5.
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 FMX and KOF over these 10 fiscal years — FMX led in 4 and KOF in 6.
10 of 10 comparable fiscal years — a year missing data on either side is not counted.