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NYSE · RETAIL-CATALOG & MAIL-ORDER HOUSES · MID CAP

Betterware de Mexico, S.a.p.i. de C.V BWMX

8 fiscal years on record · MXN · FY2024 reported · SEC filings only
MXN 14.1B
▲ 8.4% YoY
MXN 711.7M
▼ 31.5% YoY
MXN 1.6B
▼ 27.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Betterware de Mexico sells consumer products directly to the customer through a modern form of person-to-person selling. It operates two segments, home organization and beauty and personal care. The home organization segment (BWM), comprised of seven categories including kitchen and food preservation, home solutions, bathroom, laundry and cleaning, tech and mobility, bedroom and wellness, sells products manufactured by more than 350 certified manufacturers in China and Mexico and delivered to a warehouse in El Arenal, Jalisco, where they are processed and packed. The beauty and personal care segment, comprised of four categories -- fragrance, color, skin care and toiletries -- has products that are produced almost entirely at a facility in Queretaro, Mexico, and distributed across Mexico and in some cities of the United States through a distribution center in Lerma, Mexico. As of December 31, 2025, Betterware had 40,723 distributors and 654,680 associates, processing monthly orders averaging Ps.20 thousand-MXN per distributor and Ps.2 thousand-MXN per associate. As of the same date, Jafra had 20,483 leaders and 470,925 consultants, receiving monthly orders averaging Ps.3 thousand-MXN per distributor and Ps.2.5 thousand-MXN per associate.

Written from the business description in BETTERWARE DE MEXICO, S.A.P.I. DE C.V's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

MXN 14.1B
Revenue, FY2024 · full 8-year series below
Revenue MXN B Net income MXN B
FY2024 · Revenue 14.1 · Net income 0.7
5B10B
2017202020232024
Compound annual growth
+11.9%
+35.5%
−25.9%
+8.6%
−10.7%
+23.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +35.5% a year over the five years to FY2024 — but profit grew slower: net income at +8.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Net 5.0%
5%10%15%-2%-4%
201720202024
ROE
FY2024 · ROE 54.1%
100%200%
201720202024
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.

Each MXN of equity produced 54 cents of profit this year.

Cash & shareholders

MXN 998.1M
returned in FY2024 · dividends + net buybacks
Free cash flow MXN B
FY2024 · FCF 1.6
1B2B-2B-3B
201720202024
Net buybacks MXN B Dividends MXN B
FY2024 · Dividends 1.0 · Net buybacks ·
0.5B1.0B
2018201920202021202220232024

MXN 998.1M in dividends — 140% of the year's profit, so the payout drew on cash built up earlier.

Total assetsMXN 10.5B
EquityMXN 1.2B
CashMXN 296.6M
Gross debtMXN 4.8B
Net debtMXN 4.5B
Current ratio0.95×

Net debt stands at 389% of equity.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · MXN

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
BWMX, 8-year financial record
Metric 20242023202220212020201920182017
Revenue MXN B14.113.011.510.17.23.12.31.4
Operating income MXN B◌◌◌◌◌◌◌◌
EBITDA MXN B◌◌◌◌◌◌◌◌
Income tax MXN B0.50.40.50.80.50.20.20.1
Net income MXN B0.71.00.91.80.30.50.30.2
Free cash flow MXN B1.62.2−3.31.11.20.40.30.3
EPS, diluted MXN ◌27.8923.4146.918.6815.639.91◌
Dividend / sh MXN ◌◌◌◌◌◌◌◌
Payout %140621098027873◌—
ROE %54.181.276.5169.451.6266.2◌◌
Shares out B0.040.040.040.040.04◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 37 reconciliationsAUDITED

Reconciled in 8 of the 8 fiscal years we could check. 22 checks were skipped: the balance sheet is not tagged before 2018. 11 checks were skipped: EPS is not tagged before 2018. 10 checks were skipped: revenue is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRetail-Catalog & Mail-Order Houses
Listed onNYSE
Incorporated inoutside the United States — SEC code O5
Fiscal year endsDecember 31
Data on record since2017

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