NYSE : KOF
Coca-Cola FEMSA, S.A.B. de C.V. — Financial statements
Consumer Staples · Beverages - Non-Alcoholic · Mexico
Last price 115.68 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 24.30B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) reported revenue of 304.95B 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 304.35B | 291.15B | 279.03B | 244.26B | 226.22B | 193.90B |
| Other Revenue | 599.00M | 599.00M | 763.00M | 824.00M | 518.00M | 905.00M |
| Revenue | 304.95B | 291.75B | 279.79B | 245.09B | 226.74B | 194.80B |
| Cost of Revenue | 162.25B | 158.57B | 151.06B | 134.23B | 126.44B | 106.21B |
| Gross Profit | 142.70B | 133.18B | 128.74B | 110.86B | 100.30B | 88.60B |
| Selling, General & Admin | 100.03B | 92.10B | 88.41B | 76.39B | 69.27B | 60.97B |
| Other Operating Expenses | 1.00B | 2.01B | 2.87B | 1.53B | 1.06B | 657.00M |
| Operating Expenses | 101.03B | 94.11B | 91.28B | 77.93B | 70.33B | 61.62B |
| Operating Income | 41.67B | 39.06B | 37.46B | 32.93B | 29.97B | 26.97B |
| Interest Expense | -9.24B | -8.28B | -6.84B | -6.80B | -6.21B | -5.94B |
| Interest & Investment Income | 2.52B | 2.37B | 3.04B | 3.19B | 2.41B | 932.00M |
| Earnings From Equity Investments | 470.52M | 531.00M | 306.00M | 215.00M | 386.00M | 88.00M |
| Currency Exchange Gain (Loss) | 567.31M | 549.00M | -589.00M | -707.00M | -219.00M | 166.00M |
| Other Non Operating Income (Expenses) | 850.75M | 1.58B | 1.51B | 552.00M | -269.00M | 578.00M |
| EBT Excluding Unusual Items | 36.84B | 35.81B | 34.88B | 29.37B | 26.07B | 22.79B |
| Gain (Loss) on Sale of Investments | -13.00M | -13.00M | -143.00M | -250.00M | ||
| Gain (Loss) on Sale of Assets | 294.00M | 294.00M | 137.00M | 94.00M | 250.00M | 58.00M |
| Asset Writedown | -431.00M | -431.00M | -482.00M | -186.00M | -177.00M | -202.00M |
| Legal Settlements | -237.00M | -237.00M | -176.00M | -227.00M | -505.00M | -193.00M |
| Other Unusual Items | 383.00M | 383.00M | 216.00M | 93.00M | 536.00M | 734.00M |
| Pretax Income | 38.72B | 37.69B | 36.32B | 29.01B | 26.17B | 22.94B |
| Income Tax Expense | 13.00B | 12.67B | 11.77B | 8.78B | 6.55B | 6.61B |
| Earnings From Continuing Operations | 25.72B | 25.02B | 24.55B | 20.23B | 19.63B | 16.33B |
| Net Income to Company | 25.72B | 25.02B | 24.55B | 20.23B | 19.63B | 16.33B |
| Minority Interest in Earnings | -1.43B | -1.17B | -820.00M | -690.00M | -592.00M | -623.00M |
| Net Income | 24.29B | 23.84B | 23.73B | 19.54B | 19.03B | 15.71B |
| Net Income to Common | 24.29B | 23.84B | 23.73B | 19.54B | 19.03B | 15.71B |
| Shares Outstanding (Basic) | 210.06M | 210.06M | 210.06M | 210.06M | 210.06M | 210.06M |
| Shares Outstanding (Diluted) | 210.06M | 210.06M | 210.06M | 210.06M | 210.06M | 210.06M |
| EPS (Basic) | 115.61 | 113.51 | 112.96 | 93.00 | 90.61 | 74.78 |
| EPS (Diluted) | 115.61 | 113.51 | 112.96 | 93.00 | 90.61 | 74.78 |
| Free Cash Flow | 27.65B | 9.11B | 18.50B | 22.68B | 18.73B | 23.38B |
| Free Cash Flow Per Share | 131.62 | 43.36 | 88.06 | 107.95 | 89.19 | 111.29 |
| Dividend Per Share | 77.40 | 77.40 | 73.60 | 60.80 | 58.00 | 54.30 |
| Gross Margin | 46.79% | 45.65% | 46.01% | 45.23% | 44.24% | 45.48% |
| Operating Margin | 13.66% | 13.39% | 13.39% | 13.44% | 13.22% | 13.85% |
| Profit Margin | 7.96% | 8.17% | 8.48% | 7.97% | 8.39% | 8.06% |
| Free Cash Flow Margin | 9.07% | 3.12% | 6.61% | 9.25% | 8.26% | 12.00% |
| EBITDA | 54.30B | 51.55B | 47.88B | 42.17B | 39.22B | 35.55B |
| EBITDA Margin | 17.81% | 17.67% | 17.11% | 17.21% | 17.30% | 18.25% |
| D&A For EBITDA | 12.64B | 12.49B | 10.43B | 9.24B | 9.24B | 8.58B |
| EBIT | 41.67B | 39.06B | 37.46B | 32.93B | 29.97B | 26.97B |
| EBIT Margin | 13.66% | 13.39% | 13.39% | 13.44% | 13.22% | 13.85% |
| Effective Tax Rate | 33.58% | 33.62% | 32.40% | 30.27% | 25.01% | 28.81% |
| Revenue as Reported | 291.75B | 291.75B | 279.79B | 245.09B | 226.74B | 194.80B |
| Advertising Expenses | 5.37B | 4.83B | 4.69B | 3.98B | 5.41B |
Balance sheet
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 46.77B | 28.07B | 32.78B | 31.06B | 40.28B | 47.25B |
| Short-Term Investments | 135.00M | |||||
| Cash & Short-Term Investments | 46.77B | 28.20B | 32.78B | 31.06B | 40.28B | 47.25B |
| Accounts Receivable | 15.43B | 22.15B | 18.62B | 17.75B | 14.59B | 11.93B |
| Other Receivables | 11.97B | 7.70B | 6.78B | 5.42B | 7.55B | 6.30B |
| Receivables | 27.40B | 29.84B | 25.40B | 23.17B | 22.23B | 18.31B |
| Inventory | 14.78B | 14.01B | 14.06B | 11.88B | 11.89B | 13.59B |
| Prepaid Expenses | 21.00M | 25.00M | 17.00M | 100.00M | 73.00M | |
| Restricted Cash | 341.34M | 363.00M | 349.00M | 304.00M | 243.00M | 239.00M |
| Other Current Assets | 5.05B | 2.13B | 2.52B | 1.30B | 4.47B | 910.00M |
| Total Current Assets | 94.35B | 74.57B | 75.13B | 67.74B | 79.21B | 80.36B |
| Property, Plant & Equipment | 117.10B | 111.75B | 102.37B | 81.12B | 73.27B | 63.66B |
| Long-Term Investments | 10.83B | 10.59B | 10.23B | 9.25B | 8.45B | 7.49B |
| Goodwill | 22.32B | 21.86B | 22.01B | 22.34B | 23.26B | 22.91B |
| Other Intangible Assets | 82.39B | 80.50B | 79.86B | 78.82B | 79.86B | 79.27B |
| Long-Term Deferred Tax Assets | 8.69B | 6.80B | 6.21B | 7.77B | 7.97B | 8.34B |
| Other Long-Term Assets | 8.54B | 6.52B | 10.17B | 5.79B | 5.82B | 9.54B |
| Total Assets | 344.22B | 314.54B | 307.99B | 273.52B | 278.00B | 271.57B |
| Accounts Payable | 29.29B | 31.90B | 33.77B | 27.35B | 26.84B | 22.75B |
| Accrued Expenses | 22.58B | 24.66B | 21.76B | 12.38B | 12.70B | |
| Short-Term Debt | 2.52B | 4.03B | 1.44B | 88.00M | 645.00M | |
| Current Portion of Long-Term Debt | 9.00B | 3.91B | 1.87B | 52.00M | 8.52B | 1.81B |
| Current Portion of Leases | 937.86M | 631.00M | 889.00M | 752.00M | 472.00M | 614.00M |
| Current Income Taxes Payable | 12.11B | 1.35B | 1.35B | 2.14B | 7.98B | 6.97B |
| Other Current Liabilities | 29.26B | 2.35B | 3.18B | 2.77B | 1.77B | 741.00M |
| Total Current Liabilities | 83.11B | 66.76B | 67.17B | 54.92B | 57.96B | 46.22B |
| Long-Term Debt | 77.57B | 74.67B | 73.68B | 68.03B | 74.89B | 83.34B |
| Long-Term Leases | 3.04B | 2.27B | 2.29B | 1.77B | 1.66B | 891.00M |
| Pension & Post-Retirement Benefits | 5.72B | 5.53B | 4.87B | 3.56B | 3.71B | 4.13B |
| Long-Term Deferred Tax Liabilities | 6.47B | 4.98B | 4.32B | 3.32B | 2.84B | 2.71B |
| Other Long-Term Liabilities | 7.97B | 6.30B | 5.11B | 8.22B | 5.06B | 6.71B |
| Total Liabilities | 183.89B | 160.51B | 157.44B | 139.81B | 146.12B | 144.00B |
| Common Stock | 933.58M | 934.00M | 934.00M | 934.00M | 934.00M | 934.00M |
| Additional Paid-In Capital | 45.56B | 45.56B | 45.56B | 45.56B | 45.56B | 45.56B |
| Retained Earnings | 115.86B | 115.34B | 106.96B | 96.00B | 88.66B | 81.04B |
| Comprehensive Income & Other | -11.28B | -15.63B | -10.03B | -15.47B | -9.77B | -5.98B |
| Total Common Equity | 151.08B | 146.20B | 143.43B | 127.03B | 125.39B | 121.55B |
| Minority Interest | 9.26B | 7.83B | 7.11B | 6.68B | 6.49B | 6.02B |
| Shareholders' Equity | 160.34B | 154.03B | 150.54B | 133.71B | 131.88B | 127.57B |
| Total Liabilities & Equity | 344.22B | 314.54B | 307.99B | 273.52B | 278.00B | 271.57B |
| Total Debt | 93.07B | 85.51B | 80.18B | 70.69B | 85.55B | 87.30B |
| Net Cash (Debt) | -46.30B | -57.31B | -47.40B | -39.63B | -45.27B | -40.05B |
| Net Cash Per Share | -220.40 | -272.83 | -225.65 | -188.68 | -215.51 | -190.65 |
| Filing Date Shares Outstanding | 210.08M | 210.08M | 210.08M | 210.08M | 210.08M | 210.08M |
| Total Common Shares Outstanding | 210.08M | 210.08M | 210.08M | 210.08M | 210.08M | 210.08M |
| Working Capital | 11.23B | 7.81B | 7.96B | 12.82B | 21.25B | 34.14B |
| Book Value Per Share | 719.14 | 695.92 | 682.72 | 604.64 | 596.83 | 578.58 |
| Tangible Book Value | 46.36B | 43.85B | 41.55B | 25.86B | 22.26B | 19.38B |
| Tangible Book Value Per Share | 220.70 | 208.71 | 197.79 | 123.11 | 105.97 | 92.23 |
| Land | 6.33B | 6.44B | 5.22B | 5.45B | 5.23B | |
| Buildings | 26.63B | 23.19B | 20.42B | 20.25B | 19.07B | |
| Machinery | 94.70B | 83.45B | 69.17B | 66.45B | 61.31B | |
| Construction In Progress | 21.69B | 23.41B | 14.81B | 10.40B | 6.73B | |
| Leasehold Improvements | 551.00M | 511.00M | 515.00M | 897.00M | 886.00M |
Cash flow statement
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 24.29B | 23.84B | 23.73B | 19.54B | 19.03B | 15.71B |
| Depreciation & Amortization | 14.51B | 13.50B | 11.35B | 10.01B | 9.90B | 9.24B |
| Other Amortization | 1.25B | 1.25B | 1.63B | 1.41B | 1.41B | 1.28B |
| Loss (Gain) From Sale of Assets | 110.62M | 147.00M | 395.00M | 93.00M | -73.00M | 144.00M |
| Asset Writedown & Restructuring Costs | -67.80M | |||||
| Loss (Gain) From Sale of Investments | 13.00M | 13.00M | 143.00M | 250.00M | ||
| Loss (Gain) on Equity Investments | -470.52M | -531.00M | -306.00M | -215.00M | -386.00M | -88.00M |
| Other Operating Activities | 9.61B | 7.17B | 8.04B | 10.13B | 6.72B | 6.99B |
| Change in Accounts Receivable | -1.37B | -4.22B | -2.30B | -1.60B | -3.42B | -2.04B |
| Change in Inventory | -985.20M | -591.00M | -2.21B | -779.00M | -179.00M | -2.26B |
| Change in Accounts Payable | -964.10M | -7.58B | 5.15B | 3.74B | 3.42B | 4.45B |
| Change in Other Net Operating Assets | -839.99M | -2.22B | -3.03B | -170.00M | -938.00M | -951.00M |
| Operating Cash Flow | 45.08B | 30.77B | 42.44B | 42.29B | 35.49B | 32.72B |
| Capital Expenditures | -17.43B | -21.66B | -23.94B | -19.61B | -16.76B | -9.34B |
| Sale of Property, Plant & Equipment | 1.50B | 259.00M | ||||
| Cash Acquisitions | -2.36B | |||||
| Sale (Purchase) of Intangibles | -2.10B | -2.12B | -1.85B | -1.02B | -979.00M | -645.00M |
| Investment in Securities | -1.89B | -514.00M | -751.00M | -1.28B | -558.00M | 1.00M |
| Other Investing Activities | 3.75B | 3.20B | 3.15B | 1.84B | 1.05B | 182.00M |
| Investing Cash Flow | -16.17B | -21.11B | -23.39B | -20.07B | -19.60B | -9.55B |
| Long-Term Debt Issued | 14.99B | 1.39B | 151.00M | 6.09B | 11.19B | |
| Long-Term Debt Repaid | -4.04B | -884.00M | -9.09B | -9.06B | -14.82B | |
| Lease Payments | -1.07B | -895.00M | -856.00M | -690.00M | -631.00M | -629.00M |
| Net Debt Issued (Repaid) | 7.11B | 10.95B | 510.00M | -8.94B | -2.97B | -3.63B |
| Common Dividends Paid | -15.56B | -15.34B | -12.77B | -12.19B | -11.41B | -10.59B |
| Other Financing Activities | -8.82B | -7.76B | -7.38B | -5.23B | -6.47B | -6.05B |
| Financing Cash Flow | -17.27B | -12.15B | -19.64B | -26.35B | -20.85B | -20.26B |
| Foreign Exchange Rate Adjustments | 247.12M | -2.23B | 2.31B | -5.08B | -2.02B | 840.00M |
| Net Cash Flow | 11.88B | -4.71B | 1.72B | -9.22B | -6.97B | 3.75B |
| Free Cash Flow | 27.65B | 9.11B | 18.50B | 22.68B | 18.73B | 23.38B |
| Free Cash Flow Margin | 9.07% | 3.12% | 6.61% | 9.25% | 8.26% | 12.00% |
| Free Cash Flow Per Share | 131.62 | 43.36 | 88.06 | 107.95 | 89.19 | 111.29 |
| Levered Free Cash Flow | 18.77B | 1.80B | 9.96B | 14.75B | 8.75B | 15.67B |
| Unlevered Free Cash Flow | 24.54B | 6.97B | 14.24B | 19.00B | 12.63B | 19.38B |
| Free Cash Flow After Leases | 26.58B | 8.21B | 17.64B | 21.99B | 18.10B | 22.75B |
| Cash Interest Paid | 6.10B | 5.38B | 5.01B | 4.82B | 4.86B | 4.75B |
| Cash Income Tax Paid | 11.55B | 12.61B | 9.67B | 5.30B | 5.30B | 6.11B |
| Change in Working Capital | -4.15B | -14.62B | -2.40B | 1.19B | -1.12B | -806.00M |
Ratios
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 24.59B | 19.90B | 16.36B | 19.88B | 14.26B | 11.51B |
| Enterprise Value | 27.16B | 23.10B | 18.70B | 22.21B | 16.55B | 13.59B |
| Last Close Price | 117.05 | 92.13 | 72.82 | 85.59 | 59.17 | 45.68 |
| PE Ratio | 18.81 | 15.02 | 14.37 | 17.21 | 14.61 | 15.02 |
| Forward PE | 18.59 | 15.46 | 13.52 | 18.08 | 15.82 | 16.32 |
| PS Ratio | 1.45 | 1.23 | 1.22 | 1.37 | 1.23 | 1.21 |
| PB Ratio | 2.93 | 2.33 | 2.27 | 2.51 | 2.11 | 1.85 |
| P/TBV Ratio | 9.56 | 8.17 | 8.21 | 13.00 | 12.49 | 12.18 |
| P/FCF Ratio | 16.52 | 39.33 | 18.43 | 14.82 | 14.85 | 10.09 |
| P/OCF Ratio | 10.13 | 11.64 | 8.03 | 7.95 | 7.84 | 7.21 |
| PEG Ratio | 1.76 | 1.40 | 0.91 | 0.91 | 1.35 | 1.35 |
| EV/Sales Ratio | 1.61 | 1.43 | 1.39 | 1.53 | 1.42 | 1.43 |
| EV/EBITDA Ratio | 9.01 | 8.07 | 8.14 | 8.90 | 8.23 | 7.84 |
| EV/EBIT Ratio | 11.75 | 10.65 | 10.40 | 11.40 | 10.77 | 10.33 |
| EV/FCF Ratio | 18.25 | 45.67 | 21.07 | 16.56 | 17.23 | 11.92 |
| Debt / Equity Ratio | 0.58 | 0.56 | 0.53 | 0.53 | 0.65 | 0.68 |
| Debt / EBITDA Ratio | 1.68 | 1.63 | 1.64 | 1.65 | 2.15 | 2.41 |
| Debt / FCF Ratio | 3.37 | 9.39 | 4.33 | 3.12 | 4.57 | 3.73 |
| Net Debt / Equity Ratio | 0.29 | 0.37 | 0.32 | 0.30 | 0.34 | 0.31 |
| Net Debt / EBITDA Ratio | 0.85 | 1.11 | 0.99 | 0.94 | 1.15 | 1.13 |
| Net Debt / FCF Ratio | 1.68 | 6.29 | 2.56 | 1.75 | 2.42 | 1.71 |
| Asset Turnover | 0.93 | 0.94 | 0.96 | 0.89 | 0.82 | 0.73 |
| Inventory Turnover | 11.31 | 11.30 | 11.65 | 11.29 | 9.93 | 8.56 |
| Quick Ratio | 0.89 | 0.87 | 0.87 | 0.99 | 1.08 | 1.42 |
| Current Ratio | 1.14 | 1.12 | 1.12 | 1.23 | 1.37 | 1.74 |
| Return on Equity (ROE) | 16.61% | 16.43% | 17.27% | 15.23% | 15.13% | 13.06% |
| Return on Assets (ROA) | 7.90% | 7.84% | 8.05% | 7.46% | 6.82% | 6.31% |
| Return on Invested Capital (ROIC) | 13.54% | 12.67% | 13.64% | 13.10% | 13.04% | 11.43% |
| Return on Capital Employed (ROCE) | 16.00% | 15.80% | 15.60% | 15.10% | 13.60% | 12.00% |
| Earnings Yield | 5.32% | 6.66% | 6.96% | 5.81% | 6.84% | 6.66% |
| FCF Yield | 6.05% | 2.54% | 5.42% | 6.75% | 6.73% | 9.91% |
| Dividend Yield | 3.57% | 4.54% | 4.54% | 3.80% | 4.38% | 4.83% |
| Payout Ratio | 61.66% | 64.32% | 53.83% | 62.37% | 59.93% | 67.41% |
| Total Shareholder Return | 3.57% | 4.54% | 4.54% | 3.80% | 4.38% | 4.83% |