NASDAQ : MEOH
Methanex Corporation — Financial statements
Materials · Chemicals · Canada
Last price 71.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.54B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Methanex Corporation (MEOH) reported revenue of 4.73B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.73B | 3.59B | 3.72B | 3.72B | 4.31B | 4.41B |
| Cost of Revenue | 3.06B | 2.57B | 2.92B | 2.98B | 3.36B | 3.26B |
| Gross Profit | 1.66B | 1.02B | 801.72M | 739.40M | 947.19M | 1.16B |
| Selling, General & Admin | 87.10M | 87.10M | 91.30M | 84.00M | 82.10M | 81.00M |
| Other Operating Expenses | -669.00K | -39.12M | -102.97M | -117.95M | ||
| Operating Expenses | 570.50M | 493.99M | 374.03M | 475.83M | 336.57M | 444.08M |
| Operating Income | 1.09B | 526.20M | 427.69M | 263.57M | 610.61M | 711.97M |
| Interest Expense | -214.64M | -219.69M | -132.63M | -117.37M | -130.75M | -144.41M |
| Interest & Investment Income | 7.72M | 31.73M | 12.42M | 39.94M | 25.35M | 1.04M |
| Earnings From Equity Investments | -88.12M | -33.86M | 38.34M | 99.47M | 76.94M | 97.74M |
| Other Non Operating Income (Expenses) | 6.13M | |||||
| EBT Excluding Unusual Items | 804.57M | 304.37M | 345.81M | 285.61M | 582.15M | 666.34M |
| Merger & Restructuring Charges | -30.00M | -30.00M | ||||
| Asset Writedown | -97.40M | -71.13M | -124.79M | |||
| Pretax Income | 677.17M | 203.24M | 280.09M | 285.61M | 582.15M | 666.34M |
| Income Tax Expense | 219.31M | 58.45M | 29.84M | 1.49M | 119.86M | 110.43M |
| Earnings From Continuing Operations | 457.86M | 144.79M | 250.25M | 284.12M | 462.29M | 555.91M |
| Minority Interest in Earnings | -97.42M | -64.92M | -86.26M | -109.98M | -108.46M | -73.55M |
| Net Income | 360.44M | 79.88M | 163.99M | 174.14M | 353.83M | 482.36M |
| Net Income to Common | 360.44M | 79.88M | 163.99M | 174.14M | 353.83M | 482.36M |
| Shares Outstanding (Basic) | 77.37M | 72.53M | 67.39M | 67.81M | 71.42M | 76.04M |
| Shares Outstanding (Diluted) | 77.39M | 72.61M | 67.56M | 67.81M | 71.68M | 76.24M |
| EPS (Basic) | 4.66 | 1.10 | 2.43 | 2.57 | 4.95 | 6.34 |
| EPS (Diluted) | 4.65 | 0.93 | 2.39 | 2.57 | 4.86 | 6.13 |
| Free Cash Flow | 1.38B | 916.57M | 563.11M | 211.82M | 409.97M | 748.93M |
| Free Cash Flow Per Share | 17.84 | 12.62 | 8.34 | 3.12 | 5.72 | 9.82 |
| Dividend Per Share | 0.74 | 0.74 | 0.74 | 0.73 | 0.62 | 0.33 |
| Gross Margin | 35.21% | 28.42% | 21.55% | 19.86% | 21.97% | 26.19% |
| Operating Margin | 23.14% | 14.66% | 11.50% | 7.08% | 14.16% | 16.13% |
| Profit Margin | 7.63% | 2.23% | 4.41% | 4.68% | 8.21% | 10.93% |
| Free Cash Flow Margin | 29.22% | 25.54% | 15.14% | 5.69% | 9.51% | 16.96% |
| EBITDA | 1.44B | 834.93M | 661.33M | 524.64M | 864.35M | 961.52M |
| EBITDA Margin | 30.48% | 23.26% | 17.78% | 14.09% | 20.05% | 21.78% |
| D&A For EBITDA | 346.79M | 308.73M | 233.64M | 261.07M | 253.73M | 249.56M |
| EBIT | 1.09B | 526.20M | 427.69M | 263.57M | 610.61M | 711.97M |
| EBIT Margin | 23.14% | 14.66% | 11.50% | 7.08% | 14.16% | 16.13% |
| Effective Tax Rate | 32.39% | 28.76% | 10.65% | 0.52% | 20.59% | 16.57% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 911.70M | 425.33M | 891.91M | 458.01M | 857.75M | 932.07M |
| Cash & Short-Term Investments | 911.70M | 425.33M | 891.91M | 458.01M | 857.75M | 932.07M |
| Accounts Receivable | 596.58M | 412.85M | 433.52M | 431.60M | 407.73M | 458.12M |
| Other Receivables | 50.16M | 39.82M | 102.01M | 93.19M | 93.25M | |
| Receivables | 596.58M | 463.01M | 473.34M | 533.62M | 500.93M | 551.37M |
| Inventory | 541.06M | 494.67M | 453.46M | 426.77M | 439.77M | 459.56M |
| Prepaid Expenses | 51.35M | 63.52M | 61.29M | 58.02M | 38.59M | 35.96M |
| Restricted Cash | 3.50M | 3.10M | 3.42M | |||
| Other Current Assets | 14.19M | 36.91M | 27.72M | 470.00K | 39.35M | 9.84M |
| Total Current Assets | 2.11B | 1.49B | 1.91B | 1.48B | 1.88B | 1.99B |
| Property, Plant & Equipment | 4.96B | 5.20B | 4.20B | 4.41B | 4.16B | 3.69B |
| Long-Term Investments | 370.99M | 433.28M | 101.44M | 184.25M | 197.08M | 217.32M |
| Long-Term Deferred Tax Assets | 682.00K | 15.27M | 204.09M | 152.25M | 46.35M | 98.17M |
| Other Long-Term Assets | 120.50M | 149.10M | 183.27M | 197.97M | 356.39M | 99.19M |
| Total Assets | 7.57B | 7.28B | 6.60B | 6.43B | 6.63B | 6.09B |
| Accounts Payable | 739.28M | 541.65M | 546.30M | 771.87M | 789.20M | 835.95M |
| Current Portion of Long-Term Debt | 315.04M | 41.36M | 13.73M | 314.72M | 15.13M | 11.78M |
| Current Portion of Leases | 122.58M | 113.13M | 122.74M | 120.73M | 108.74M | 98.30M |
| Other Current Liabilities | 74.95M | 25.60M | 46.84M | 94.99M | 29.55M | 17.19M |
| Total Current Liabilities | 1.25B | 721.74M | 729.62M | 1.30B | 942.62M | 963.22M |
| Long-Term Debt | 2.08B | 2.71B | 2.40B | 1.83B | 2.14B | 2.15B |
| Long-Term Leases | 586.65M | 642.05M | 695.46M | 751.39M | 761.43M | 618.80M |
| Long-Term Deferred Tax Liabilities | 369.29M | 323.43M | 239.11M | 217.84M | 227.00M | 212.71M |
| Other Long-Term Liabilities | 174.60M | 157.24M | 150.46M | 154.92M | 134.60M | 193.75M |
| Total Liabilities | 4.47B | 4.56B | 4.22B | 4.25B | 4.20B | 4.13B |
| Common Stock | 733.05M | 731.69M | 392.20M | 391.92M | 401.30M | 432.73M |
| Additional Paid-In Capital | 1.87M | 2.11M | 1.95M | 1.84M | 1.90M | 1.93M |
| Retained Earnings | 2.06B | 1.65B | 1.63B | 1.51B | 1.47B | 1.25B |
| Comprehensive Income & Other | 13.62M | 56.13M | 70.02M | 22.90M | 241.94M | -2.72M |
| Total Common Equity | 2.81B | 2.44B | 2.09B | 1.93B | 2.11B | 1.68B |
| Minority Interest | 297.10M | 283.45M | 287.71M | 242.09M | 317.44M | 271.15M |
| Shareholders' Equity | 3.11B | 2.73B | 2.38B | 2.17B | 2.43B | 1.95B |
| Total Liabilities & Equity | 7.57B | 7.28B | 6.60B | 6.43B | 6.63B | 6.09B |
| Total Debt | 3.11B | 3.51B | 3.23B | 3.01B | 3.02B | 2.88B |
| Net Cash (Debt) | -2.20B | -3.08B | -2.34B | -2.56B | -2.16B | -1.94B |
| Net Cash Per Share | -28.37 | -42.46 | -34.65 | -37.69 | -30.19 | -25.49 |
| Filing Date Shares Outstanding | 77.36M | 77.34M | 67.40M | 67.39M | 69.04M | 74.40M |
| Total Common Shares Outstanding | 77.36M | 77.34M | 67.40M | 67.39M | 69.24M | 74.77M |
| Working Capital | 863.02M | 765.20M | 1.18B | 178.01M | 933.76M | 1.03B |
| Book Value Per Share | 36.30 | 31.59 | 31.06 | 28.65 | 30.50 | 22.52 |
| Tangible Book Value | 2.81B | 2.44B | 2.09B | 1.93B | 2.11B | 1.68B |
| Tangible Book Value Per Share | 36.30 | 31.59 | 31.06 | 28.65 | 30.50 | 22.52 |
| Buildings | 7.67B | 7.62B | 6.36B | 4.88B | 5.00B | 4.91B |
| Machinery | 243.88M | 242.67M | 242.46M | 240.72M | 240.87M | 240.53M |
| Construction In Progress | 1.36B | 1.00B | 561.86M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 360.44M | 79.88M | 163.99M | 174.14M | 353.83M | 482.36M |
| Depreciation & Amortization | 484.07M | 446.01M | 385.70M | 391.83M | 372.42M | 363.08M |
| Asset Writedown & Restructuring Costs | 97.40M | 71.13M | 124.79M | |||
| Loss (Gain) on Equity Investments | 88.12M | 33.86M | -38.34M | -99.47M | -76.94M | -97.74M |
| Stock-Based Compensation | 84.03M | -4.43M | 23.97M | 34.50M | 15.40M | -1.16M |
| Other Operating Activities | 452.52M | 242.14M | 200.72M | 218.32M | 268.52M | 330.94M |
| Change in Other Net Operating Assets | -109.63M | 146.97M | -123.66M | -59.06M | 54.12M | -83.11M |
| Operating Cash Flow | 1.46B | 1.02B | 737.18M | 660.27M | 987.35M | 994.37M |
| Capital Expenditures | -76.23M | -98.99M | -174.07M | -448.45M | -577.38M | -245.44M |
| Cash Acquisitions | 4.00M | -1.26B | ||||
| Investment in Securities | 9.46M | 9.46M | 88.97M | |||
| Other Investing Activities | 7.68M | -7.14M | -14.64M | -60.13M | 24.24M | -7.61M |
| Investing Cash Flow | -55.08M | -1.36B | -99.74M | -508.58M | -553.14M | -253.05M |
| Long-Term Debt Issued | 545.97M | 585.39M | 25.16M | |||
| Total Debt Issued | 545.97M | 585.39M | 25.16M | |||
| Long-Term Debt Repaid | -349.18M | -463.62M | -130.44M | -115.01M | -336.44M | |
| Lease Payments | -139.01M | -133.43M | -141.25M | -118.16M | -105.86M | -101.05M |
| Total Debt Repaid | -577.63M | -349.18M | -463.62M | -130.44M | -115.01M | -336.44M |
| Net Debt Issued (Repaid) | -577.63M | 196.78M | 121.77M | -130.44M | -115.01M | -311.27M |
| Issuance of Common Stock | 990.00K | 1.44M | 582.00K | 252.00K | ||
| Repurchase of Common Stock | -86.39M | -252.99M | -62.90M | |||
| Common Dividends Paid | -57.25M | -53.55M | -49.87M | -49.38M | -43.95M | -24.63M |
| Other Financing Activities | -269.65M | -268.99M | -275.45M | -286.65M | -97.16M | -244.54M |
| Financing Cash Flow | -903.53M | -125.76M | -203.55M | -551.42M | -508.53M | -643.09M |
| Net Cash Flow | 498.32M | -466.58M | 433.89M | -399.73M | -74.32M | 98.23M |
| Free Cash Flow | 1.38B | 916.57M | 563.11M | 211.82M | 409.97M | 748.93M |
| Free Cash Flow Margin | 29.22% | 25.54% | 15.14% | 5.69% | 9.51% | 16.96% |
| Free Cash Flow Per Share | 17.84 | 12.62 | 8.34 | 3.12 | 5.72 | 9.82 |
| Levered Free Cash Flow | 1.18B | 465.39M | 149.70M | 113.69M | 114.06M | 400.56M |
| Unlevered Free Cash Flow | 1.32B | 602.70M | 232.59M | 187.04M | 195.78M | 490.81M |
| Free Cash Flow After Leases | 1.24B | 783.13M | 421.86M | 93.66M | 304.11M | 647.88M |
| Cash Interest Paid | 200.85M | 197.59M | 168.76M | 168.64M | 161.82M | 165.06M |
| Cash Income Tax Paid | 52.82M | 81.02M | 52.54M | 81.92M | 163.83M | 57.94M |
| Change in Working Capital | -109.63M | 146.97M | -123.66M | -59.06M | 54.12M | -83.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.54B | 3.07B | 3.36B | 3.20B | 2.65B | 3.00B |
| Enterprise Value | 8.07B | 6.63B | 5.96B | 6.04B | 5.06B | 5.21B |
| Last Close Price | 71.57 | 39.33 | 48.50 | 45.21 | 35.53 | 36.55 |
| PE Ratio | 15.16 | 38.44 | 20.52 | 18.36 | 7.49 | 6.21 |
| PS Ratio | 1.17 | 0.86 | 0.90 | 0.86 | 0.61 | 0.68 |
| PB Ratio | 1.78 | 1.13 | 1.41 | 1.47 | 1.09 | 1.53 |
| P/TBV Ratio | 1.97 | 1.26 | 1.61 | 1.66 | 1.25 | 1.78 |
| P/FCF Ratio | 4.01 | 3.35 | 5.97 | 15.10 | 6.46 | 4.00 |
| P/OCF Ratio | 3.80 | 3.02 | 4.56 | 4.84 | 2.68 | 3.02 |
| EV/Sales Ratio | 1.71 | 1.85 | 1.60 | 1.62 | 1.17 | 1.18 |
| EV/EBITDA Ratio | 5.61 | 7.94 | 9.02 | 11.52 | 5.86 | 5.42 |
| EV/EBIT Ratio | 7.38 | 12.60 | 13.94 | 22.93 | 8.29 | 7.31 |
| EV/FCF Ratio | 5.85 | 7.23 | 10.59 | 28.53 | 12.34 | 6.95 |
| Debt / Equity Ratio | 1.00 | 1.29 | 1.36 | 1.39 | 1.24 | 1.47 |
| Debt / EBITDA Ratio | 1.97 | 3.61 | 3.97 | 4.60 | 3.07 | 2.67 |
| Debt / FCF Ratio | 2.25 | 3.83 | 5.74 | 14.23 | 7.37 | 3.84 |
| Net Debt / Equity Ratio | 0.71 | 1.13 | 0.98 | 1.18 | 0.89 | 0.99 |
| Net Debt / EBITDA Ratio | 1.52 | 3.69 | 3.54 | 4.87 | 2.50 | 2.02 |
| Net Debt / FCF Ratio | 1.59 | 3.36 | 4.16 | 12.07 | 5.28 | 2.60 |
| Asset Turnover | 0.63 | 0.52 | 0.57 | 0.57 | 0.68 | 0.75 |
| Inventory Turnover | 5.61 | 5.42 | 6.63 | 6.89 | 7.48 | 8.48 |
| Quick Ratio | 1.21 | 1.23 | 1.87 | 0.76 | 1.44 | 1.54 |
| Current Ratio | 1.69 | 2.06 | 2.62 | 1.14 | 1.99 | 2.06 |
| Return on Equity (ROE) | 15.32% | 5.67% | 10.99% | 12.35% | 21.09% | 32.74% |
| Return on Assets (ROA) | 9.05% | 4.74% | 4.11% | 2.52% | 6.00% | 7.55% |
| Return on Invested Capital (ROIC) | 13.53% | 7.12% | 8.09% | 5.62% | 11.42% | 15.65% |
| Return on Capital Employed (ROCE) | 17.30% | 8.00% | 7.30% | 5.10% | 10.70% | 13.90% |
| Earnings Yield | 6.60% | 2.60% | 4.88% | 5.45% | 13.35% | 16.09% |
| FCF Yield | 24.94% | 29.85% | 16.74% | 6.62% | 15.47% | 24.98% |
| Dividend Yield | 1.03% | 1.86% | 1.48% | 1.54% | 1.62% | 0.81% |
| Payout Ratio | 15.68% | 67.04% | 30.41% | 28.36% | 12.42% | 5.11% |
| Buyback Yield / Dilution | -10.37% | -7.47% | 0.37% | 5.39% | 5.99% | -0.06% |
| Total Shareholder Return | -9.33% | -5.61% | 1.85% | 6.93% | 7.61% | 0.75% |