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MARKETS / NYSE / SIM
NYSE · STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS) · LARGE CAP

Grupo Simec, S.a.b. de C.v. SIM

9 fiscal years on record · MXN · FY2024 reported · SEC filings only
MXN 33.7B
▼ 18.2% YoY
MXN 10.5B
▲ 144.9% YoY
MXN 3.4B
▲ 93.2% YoY
In brief

What this company does

Grupo Simec produces SBQ steel, long steel and medium-sized structural steel products. It operates 12 steelmaking, processing and finishing facilities with a combined annual crude steel installed production capacity of 6 million tons and a combined annual installed rolling capacity of 5.9 million tons. Results are reported in three segments: Mexico, United States and Brazil. During 2025, approximately 55.25% of sales volume came from the Mexico segment, approximately 44.71% from the Brazil segment and approximately 0.04% from the U.S. segment. In its Mexican facilities the company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebar, cold finished bars, wire rods and wire products. Sales to the Mexican market are made through a group of approximately 100 independent distributors, who also carry competitor product lines, and through a wholly-owned distribution center in Guadalajara. In its Brazil facilities it produces rebars, channels, and structural and commercial angles. It continues to own all of its plants, including those in the United States, where it ceased all production activities in 2023 and operated none of the facilities during 2024 and 2025.

Written from the business description in GRUPO SIMEC, S.A.B. de C.V.'s annual report to the U.S. Securities and Exchange Commission, filed 31 July 2026. Every sentence was checked against that document before publication.

Growth
MXN 33.7B
Revenue, FY2024 · full 9-year series below
Revenue MXN B Net income MXN B
FY2024 · Revenue 33.7 · Net income 10.5
20B40B201620172018201920202021202220232024
Compound annual growth
−15.4%
−0.3%
+3.6%
+44.9%
+19.3%
−4.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −0.3% a year over five years — but profit grew faster: net income at +44.9%.

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
31 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Net 31.1%
10%20%30%-2%-4%201620172018201920202021202220232024
ROE
FY2024 · ROE 19.2%
10%20%-5%201620172018201920202021202220232024

Each MXN of equity produced 19 cents of profit this year.

Cash & shareholders
MXN 126.5M
returned in FY2024 · dividends + net buybacks
Free cash flow MXN B
FY2024 · FCF 3.4
2.5B5.0B201620172018201920202021202220232024
Net buybacks MXN B Dividends MXN B
FY2024 · Dividends — · Net buybacks 0.1
0.8B1.6B201620172018201920202021202220232024

MXN 126.5M in buybacks — 1% of the year's profit went back to shareholders.

Total assetsMXN 73.3B
EquityMXN 59.2B
CashMXN 29.2B
Current ratio4.56×

Equity funds 81% of total assets.

The 9-year record
9 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
Metric 202420232022202120202019201820172016
Revenue MXN B33.741.154.255.635.934.235.728.727.5
Operating income MXN B·········
EBITDA MXN B·········
Income tax MXN B·1.73.34.42.13.30.81.10.9
Net income MXN B10.54.37.99.4−2.81.63.71.92.9
Free cash flow MXN B3.41.87.37.32.7−0.21.20.12.6
EPS, diluted MXN 22.719.2817.0020.41−6.043.52···
Dividend / sh MXN ·········
Payout %····−71····
ROE %19.28.817.525.3−8.54.810.45.5·
Shares out B0.460.460.460.460.460.470.470.490.50

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

Provenance
Company facts, as filed
How we verify · 0 failures in 41 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 54 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2016

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