NYSE : ASR
Grupo Aeroportuario del Sureste, S. A. B. de C. V. — Financial statements
Industrials · Airports & Air Services · Mexico
Last price 252.94 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.56B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) reported revenue of 39.77B MXN (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 39.77B | 37.24B | 31.33B | 25.82B | 25.31B | 18.78B |
| Cost of Revenue | 19.90B | 19.90B | 13.49B | 10.26B | 10.67B | 9.86B |
| Gross Profit | 19.87B | 17.34B | 17.84B | 15.56B | 14.64B | 8.92B |
| Selling, General & Admin | 3.62B | 346.05M | 319.64M | 319.20M | 287.06M | 263.16M |
| Operating Expenses | 3.62B | 346.05M | 319.64M | 319.20M | 287.06M | 263.16M |
| Operating Income | 16.25B | 16.99B | 17.52B | 15.24B | 14.35B | 8.66B |
| Interest Expense | -2.59B | -1.54B | -826.71M | -1.13B | -855.52M | -842.39M |
| Interest & Investment Income | 826.80M | 1.44B | 1.62B | 1.35B | 450.26M | 202.15M |
| Earnings From Equity Investments | 41.07M | -5.33M | -7.76M | -9.69M | ||
| Currency Exchange Gain (Loss) | -1.21B | -1.93B | 2.07B | -837.21M | -208.16M | 108.60M |
| EBT Excluding Unusual Items | 14.04B | 14.96B | 20.37B | 14.62B | 13.74B | 8.13B |
| Legal Settlements | 45.85M | |||||
| Other Unusual Items | 300.38M | |||||
| Pretax Income | 14.04B | 14.96B | 20.37B | 14.62B | 14.08B | 8.13B |
| Income Tax Expense | 3.62B | 4.03B | 6.34B | 3.94B | 3.44B | 1.73B |
| Earnings From Continuing Operations | 10.42B | 10.92B | 14.03B | 10.68B | 10.65B | 6.40B |
| Minority Interest in Earnings | -441.70M | -435.79M | -479.01M | -472.23M | -659.38M | -413.78M |
| Net Income | 9.98B | 10.49B | 13.55B | 10.20B | 9.99B | 5.98B |
| Net Income to Common | 9.98B | 10.49B | 13.55B | 10.20B | 9.99B | 5.98B |
| Shares Outstanding (Basic) | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M |
| Shares Outstanding (Diluted) | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M |
| EPS (Basic) | 33.27 | 34.96 | 45.17 | 34.01 | 33.29 | 19.95 |
| EPS (Diluted) | 33.27 | 34.96 | 45.17 | 34.01 | 33.29 | 19.95 |
| Free Cash Flow | 9.69B | 4.54B | 11.18B | 12.07B | 10.74B | 6.65B |
| Free Cash Flow Per Share | 32.30 | 15.14 | 37.26 | 40.25 | 35.81 | 22.18 |
| Dividend Per Share | 10.00 | 10.00 | 50.00 | 10.93 | 9.93 | 9.03 |
| Gross Margin | 49.97% | 46.57% | 56.94% | 60.27% | 57.83% | 47.49% |
| Operating Margin | 40.87% | 45.64% | 55.92% | 59.03% | 56.70% | 46.09% |
| Profit Margin | 25.10% | 28.17% | 43.25% | 39.52% | 39.45% | 31.85% |
| Free Cash Flow Margin | 24.36% | 12.19% | 35.67% | 46.76% | 42.44% | 35.43% |
| EBITDA | 19.87B | 20.25B | 19.84B | 17.31B | 16.41B | 10.64B |
| EBITDA Margin | 49.98% | 54.37% | 63.32% | 67.02% | 64.81% | 56.67% |
| D&A For EBITDA | 3.62B | 3.25B | 2.32B | 2.06B | 2.05B | 1.99B |
| EBIT | 16.25B | 16.99B | 17.52B | 15.24B | 14.35B | 8.66B |
| EBIT Margin | 40.87% | 45.64% | 55.92% | 59.03% | 56.70% | 46.09% |
| Effective Tax Rate | 25.75% | 26.97% | 31.13% | 26.98% | 24.41% | 21.27% |
| Revenue as Reported | 37.24B | 37.24B | 31.33B | 25.82B | 25.31B | 18.78B |
Balance sheet
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 20.09B | 11.12B | 20.08B | 13.87B | 13.17B | 8.77B |
| Cash & Short-Term Investments | 20.36B | 11.12B | 20.08B | 13.87B | 13.17B | 8.77B |
| Accounts Receivable | 3.06B | 2.56B | 2.80B | 2.32B | 2.54B | 1.88B |
| Other Receivables | 5.36B | 1.37B | 318.25M | 549.45M | 592.25M | 522.34M |
| Receivables | 8.42B | 3.94B | 3.12B | 2.87B | 3.13B | 2.40B |
| Inventory | 76.94M | 93.24M | 58.22M | 60.36M | 64.72M | 57.10M |
| Restricted Cash | 2.04B | 2.04B | 1.62B | 1.42B | 123.08M | |
| Other Current Assets | 265.21M | 691.06M | 348.12M | 317.27M | 285.56M | 311.28M |
| Total Current Assets | 29.13B | 17.88B | 25.66B | 18.73B | 18.08B | 11.66B |
| Property, Plant & Equipment | 13.00B | 13.06B | 268.45M | 184.02M | 171.00M | 184.59M |
| Long-Term Investments | 1.57B | 283.11M | 1.83B | 2.12B | 10.27M | 10.69M |
| Goodwill | 10.53B | 2.94B | 2.62B | 2.15B | 2.47B | 2.60B |
| Other Intangible Assets | 89.82B | 53.63B | 51.86B | 46.95B | 49.81B | 50.66B |
| Other Long-Term Assets | 1.79B | 1.45B | 1.41B | 214.25M | 378.10M | 710.20M |
| Total Assets | 148.93B | 89.25B | 83.64B | 70.34B | 70.92B | 65.83B |
| Accounts Payable | 1.61B | 624.41M | 325.70M | 306.55M | 307.07M | 290.69M |
| Accrued Expenses | 367.00M | 2.81B | 2.55B | 2.45B | 2.42B | 1.90B |
| Current Portion of Long-Term Debt | 17.75B | 625.85M | 1.13B | 1.23B | 1.87B | 578.14M |
| Current Portion of Leases | 1.36B | 1.39B | 22.50M | 22.37M | 23.55M | 24.51M |
| Current Income Taxes Payable | 653.61M | 423.64M | 1.82B | 789.30M | 879.47M | 719.29M |
| Other Current Liabilities | 3.60B | 29.25M | 38.24M | 26.81M | 61.20M | 271.46M |
| Total Current Liabilities | 25.35B | 5.90B | 5.89B | 4.83B | 5.56B | 3.79B |
| Long-Term Debt | 52.22B | 26.86B | 12.23B | 10.99B | 13.33B | 13.20B |
| Long-Term Leases | 6.48B | 6.72B | ||||
| Pension & Post-Retirement Benefits | 149.02M | 77.31M | 56.38M | 35.01M | 32.65M | 28.24M |
| Long-Term Deferred Tax Liabilities | 3.44B | 3.28B | 3.85B | 2.90B | 2.97B | 3.04B |
| Total Liabilities | 97.15B | 42.84B | 22.02B | 18.75B | 21.90B | 20.06B |
| Common Stock | 7.77B | 7.77B | 7.77B | 7.77B | 7.77B | 7.77B |
| Retained Earnings | 34.26B | 32.53B | 22.86B | 27.24B | 23.02B | 17.54B |
| Comprehensive Income & Other | 2.92B | -788.69M | 23.58B | 9.93B | 10.84B | 11.87B |
| Total Common Equity | 44.94B | 39.51B | 54.21B | 44.95B | 41.62B | 37.18B |
| Minority Interest | 6.84B | 6.90B | 7.40B | 6.65B | 7.39B | 8.59B |
| Shareholders' Equity | 51.78B | 46.41B | 61.61B | 51.59B | 49.02B | 45.77B |
| Total Liabilities & Equity | 148.93B | 89.25B | 83.64B | 70.34B | 70.92B | 65.83B |
| Total Debt | 77.81B | 35.60B | 13.38B | 12.25B | 15.23B | 13.80B |
| Net Cash (Debt) | -57.45B | -24.49B | 6.70B | 1.63B | -2.05B | -5.03B |
| Net Cash Per Share | -191.50 | -81.62 | 22.34 | 5.42 | -6.84 | -16.78 |
| Filing Date Shares Outstanding | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M |
| Total Common Shares Outstanding | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M |
| Working Capital | 3.78B | 11.97B | 19.77B | 13.91B | 12.52B | 7.88B |
| Book Value Per Share | 149.80 | 131.69 | 180.71 | 149.82 | 138.74 | 123.92 |
| Tangible Book Value | -55.41B | -17.07B | -267.05M | -4.15B | -10.66B | -16.09B |
| Tangible Book Value Per Share | -184.69 | -56.90 | -0.89 | -13.83 | -35.53 | -53.62 |
| Land | 195.00K | 192.00K | 177.00K | 193.00K | 239.00K | |
| Machinery | 649.65M | 627.25M | 454.72M | 430.75M | 403.16M | |
| Leasehold Improvements | 193.88M | 160.56M | 98.82M | 93.00M | 83.49M |
Cash flow statement
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.98B | 10.49B | 13.55B | 10.20B | 9.99B | 5.98B |
| Depreciation & Amortization | 3.63B | 3.26B | 2.32B | 2.07B | 2.06B | 1.99B |
| Loss (Gain) From Sale of Assets | 15.77M | |||||
| Loss (Gain) on Equity Investments | -41.07M | 5.33M | 7.76M | 9.69M | ||
| Other Operating Activities | 4.56B | -1.26B | -246.46M | 1.27B | 2.43B | 1.80B |
| Change in Accounts Receivable | -1.26B | 359.43M | -427.67M | 161.25M | -1.02B | -760.50M |
| Change in Accounts Payable | -456.40M | -1.66B | 923.93M | -240.79M | 741.37M | 1.62B |
| Change in Income Taxes | 1.15B | 1.15B | -560.93M | -23.26M | -686.75M | -308.95M |
| Change in Other Net Operating Assets | -72.03M | |||||
| Operating Cash Flow | 17.50B | 12.35B | 15.57B | 13.45B | 13.52B | 10.35B |
| Capital Expenditures | -7.81B | -7.81B | -4.39B | -1.37B | -2.78B | -3.69B |
| Cash Acquisitions | -22.18B | -5.11B | ||||
| Sale (Purchase) of Real Estate | 286.28M | |||||
| Investment in Securities | 1.54B | 1.54B | 281.26M | -2.12B | ||
| Other Investing Activities | 432.35M | 1.27B | 1.36B | 991.69M | 263.83M | 83.64M |
| Investing Cash Flow | -30.86B | -10.11B | -2.75B | -2.45B | -2.55B | -3.43B |
| Long-Term Debt Issued | 21.07B | 3.95B | 4.65B | |||
| Long-Term Debt Repaid | -5.62B | -768.96M | -1.68B | -1.73B | -4.66B | |
| Lease Payments | -5.71M | -5.71M | -5.33M | -5.19M | -7.08M | -6.22M |
| Net Debt Issued (Repaid) | 25.66B | 15.45B | -768.96M | -1.68B | 2.22B | -6.51M |
| Common Dividends Paid | -15.00B | -3.28B | -2.98B | -2.71B | -2.46B | |
| Other Financing Activities | -2.29B | -1.57B | -1.87B | -1.66B | -3.84B | -908.70M |
| Financing Cash Flow | 15.87B | -10.12B | -8.92B | -9.32B | -6.13B | -3.38B |
| Foreign Exchange Rate Adjustments | 1.33B | -1.08B | 2.31B | -981.46M | -436.06M | 36.18M |
| Net Cash Flow | 3.83B | -8.97B | 6.21B | 697.91M | 4.40B | 3.58B |
| Free Cash Flow | 9.69B | 4.54B | 11.18B | 12.07B | 10.74B | 6.65B |
| Free Cash Flow Margin | 24.36% | 12.19% | 35.67% | 46.76% | 42.44% | 35.43% |
| Free Cash Flow Per Share | 32.30 | 15.14 | 37.26 | 40.25 | 35.81 | 22.18 |
| Levered Free Cash Flow | -1.94B | 3.08B | 8.81B | 9.47B | 6.19B | 4.39B |
| Unlevered Free Cash Flow | -316.09M | 4.03B | 9.33B | 10.17B | 6.73B | 4.92B |
| Free Cash Flow After Leases | 9.68B | 4.54B | 11.17B | 12.07B | 10.74B | 6.65B |
| Cash Interest Paid | 2.10B | 1.37B | 938.15M | 1.07B | 1.08B | 908.70M |
| Cash Income Tax Paid | 4.87B | 6.62B | 4.49B | 3.76B | 2.28B | 869.41M |
| Change in Working Capital | -633.38M | -147.99M | -64.67M | -102.81M | -961.76M | 549.65M |
Ratios
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.53B | 9.65B | 7.70B | 8.83B | 6.99B | 6.19B |
| Enterprise Value | 10.95B | 10.33B | 7.78B | 8.99B | 7.56B | 6.75B |
| Last Close Price | 318.01 | 225.73 | 249.64 | 189.84 | 162.68 | |
| PE Ratio | 14.26 | 16.57 | 11.84 | 14.63 | 13.66 | 21.20 |
| PS Ratio | 3.41 | 4.67 | 5.12 | 5.78 | 5.39 | 6.75 |
| PB Ratio | 2.62 | 3.74 | 2.60 | 2.89 | 2.78 | 2.77 |
| P/FCF Ratio | 14.43 | 38.27 | 14.35 | 12.36 | 12.70 | 19.06 |
| P/OCF Ratio | 7.99 | 14.07 | 10.30 | 11.10 | 10.09 | 12.26 |
| EV/Sales Ratio | 4.96 | 4.99 | 5.18 | 5.89 | 5.83 | 7.37 |
| EV/EBITDA Ratio | 9.93 | 9.18 | 8.18 | 8.79 | 8.99 | 13.01 |
| EV/EBIT Ratio | 12.14 | 10.94 | 9.26 | 9.97 | 10.28 | 15.99 |
| EV/FCF Ratio | 20.99 | 40.95 | 14.51 | 12.59 | 13.74 | 20.80 |
| Debt / Equity Ratio | 1.50 | 0.77 | 0.22 | 0.24 | 0.31 | 0.30 |
| Debt / EBITDA Ratio | 3.91 | 1.76 | 0.67 | 0.71 | 0.93 | 1.30 |
| Debt / FCF Ratio | 8.03 | 7.84 | 1.20 | 1.01 | 1.42 | 2.07 |
| Net Debt / Equity Ratio | 1.11 | 0.53 | -0.11 | -0.03 | 0.04 | 0.11 |
| Net Debt / EBITDA Ratio | 2.89 | 1.21 | -0.34 | -0.09 | 0.12 | 0.47 |
| Net Debt / FCF Ratio | 5.93 | 5.39 | -0.60 | -0.14 | 0.19 | 0.76 |
| Asset Turnover | 0.35 | 0.43 | 0.41 | 0.37 | 0.37 | 0.30 |
| Inventory Turnover | 271.29 | 262.75 | 227.58 | 164.04 | 175.26 | 216.49 |
| Quick Ratio | 1.14 | 2.55 | 3.94 | 3.47 | 2.93 | 2.95 |
| Current Ratio | 1.15 | 3.03 | 4.36 | 3.88 | 3.25 | 3.08 |
| Return on Equity (ROE) | 21.74% | 20.23% | 24.79% | 21.22% | 22.46% | 14.63% |
| Return on Assets (ROA) | 9.00% | 12.29% | 14.22% | 13.49% | 13.12% | 8.57% |
| Return on Invested Capital (ROIC) | 13.37% | 19.73% | 23.01% | 22.03% | 21.30% | 13.47% |
| Return on Capital Employed (ROCE) | 13.20% | 20.40% | 22.50% | 23.30% | 22.00% | 14.00% |
| Earnings Yield | 7.01% | 6.04% | 8.45% | 6.84% | 7.32% | 4.72% |
| FCF Yield | 6.93% | 2.61% | 6.97% | 8.09% | 7.88% | 5.25% |
| Dividend Yield | 7.77% | 1.73% | 9.35% | 2.20% | 2.18% | 2.14% |
| Payout Ratio | 111.11% | 143.01% | 24.19% | 29.20% | 27.13% | 41.16% |
| Total Shareholder Return | 7.77% | 1.73% | 9.35% | 2.20% | 2.18% | 2.14% |