Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 10-Year Financial Performance & Capital Metrics

KOF •

Consumer DefensiveNon-Alcoholic BeveragesBottlers and Beverage Distribution

AboutCoca-Cola FEMSA, S.A.B. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks. It provides a portfolio of products through retail outlets, such as wholesale supermarkets, discount stores, and convenience stores; retailers, such as restaurants and bars, as well as stadiums, auditoriums, and theaters; points-of-sale outlets; and home delivery, supermarkets, and other locations. In addition, the company distributes and sells Heineken beer products in its Brazilian territories. It operates in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company was founded in 1979 and is headquartered in Mexico City, Mexico. Coca-Cola FEMSA, S.A.B. de C.V. is a subsidiary of Fomento Economico Mexicano, S.A.B. de C.V.Show more

Revenue $291.75B +4.3%
EBITDA $55.57B +9.6%
Net Income $23.84B +0.5%
EPS (Diluted) 113.50 +0.4%
Gross Margin 45.65% -0.8%
EBITDA Margin 19.05% +5.1%
Operating Margin 14.72% +6.7%
Net Margin 8.17% -3.6%
ROE 15.66% -6.2%
ROIC 15.91% +1.2%
Debt/Equity 0.54 +3.1%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 18.3%
✓Good 3Y average ROE of 15.7%
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 2/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.71%

5Y9.7%

3Y8.77%

TTM5%

Profit (Net Income) CAGR

10Y8.83%

5Y18.26%

3Y7.8%

TTM0.4%

EPS CAGR

10Y8.67%

5Y18.25%

3Y7.8%

TTM0.18%

ROCE

10Y Avg15.66%

5Y Avg17.41%

3Y Avg16.68%

Latest17.58%

Peer Comparison

Bottlers and Beverage Distribution

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRMBPrimo Brands Corporation	8.41B	22.68	108	29.34%	0.9%	2.01%	3.6%	0.21
COKECoca-Cola Consolidated, Inc.	11.45B	202.40	29.72	4.76%	8.66%	37.43%	5.41%
CCEPCoca-Cola Europacific Partners PLC	49.53B	110.43	22.89	-1.77%	8.13%	40.39%	4.64%	1.35
KOFCoca-Cola FEMSA, S.A.B. de C.V.	23.35B	111.15	16.87	4.27%	8.15%	15.48%		0.54
AKO-AEmbotelladora Andina S.A.	1.92B	24.30	14.38	23.14%	8.09%	23.29%	3.93%	1.10

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	177.72B	183.26B	182.34B	194.47B	183.62B	194.8B	226.74B	245.09B	279.79B	291.75B
Revenue Growth %	16.64%	3.12%	-0.5%	6.65%	-5.58%	6.09%	16.39%	8.09%	14.16%	4.27%
Cost of Goods Sold+	98.06B	112.09B	98.4B	106.96B	100.8B	106.21B	126.44B	134.23B	151.06B	158.57B
COGS % of Revenue	55.18%	61.17%	53.97%	55%	54.9%	54.52%	55.76%	54.77%	53.99%	54.35%
Gross Profit+	79.66B	91.69B	83.94B	87.51B	82.81B	88.6B	100.3B	110.86B	128.74B	133.18B
Gross Margin %	44.82%	50.03%	46.03%	45%	45.1%	45.48%	44.24%	45.23%	46.01%	45.65%
Gross Profit Growth %	10.6%	15.09%	-8.45%	4.25%	-5.37%	6.99%	13.21%	10.53%	16.12%	3.45%
Operating Expenses+	55.78B	65.41B	58.13B	60.74B	57.61B	61.12B	69.67B	76.51B	90.16B	90.24B
OpEx % of Revenue	31.39%	35.69%	31.88%	31.23%	31.37%	31.37%	30.72%	31.22%	32.22%	30.93%
Selling, General & Admin	55.46B	58.04B	57.92B	60.54B	56.44B	60.72B	68.98B	76.1B	88.5B	91.71B
SG&A % of Revenue	31.21%	31.67%	31.77%	31.13%	30.74%	31.17%	30.42%	31.05%	31.63%	31.43%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	323M	7.37B	202M	200M	1.16B	395M	682M	413M	1.66B	-1.47B
Operating Income+	23.92B	25.28B	26.03B	26.77B	25.2B	27.48B	30.64B	34.35B	38.58B	42.94B
Operating Margin %	13.46%	13.8%	14.28%	13.77%	13.73%	14.11%	13.51%	14.01%	13.79%	14.72%
Operating Income Growth %	-6.81%	5.69%	2.98%	2.82%	-5.85%	9.05%	11.47%	12.12%	12.32%	11.3%
EBITDA+	32.59B	35.39B	34.64B	35.4B	35.23B	37.32B	41.06B	44.88B	50.71B	55.57B
EBITDA Margin %	18.34%	19.31%	19%	18.2%	19.19%	19.16%	18.11%	18.31%	18.12%	19.05%
EBITDA Growth %	-0.69%	8.6%	-2.12%	2.19%	-0.47%	5.91%	10.03%	9.3%	12.99%	9.58%
D&A (Non-Cash Add-back)	8.67B	10.11B	8.61B	8.63B	10.03B	9.83B	10.43B	10.53B	12.13B	12.63B
EBIT	18.38B	24.87B	24.91B	26.31B	22.41B	27.5B	30.02B	33.28B	40.72B	42.55B
Net Interest Income+	-3.9B	-3.83B	-4.1B	-183.25M	-253.1M	-187.29M	-104.21M	-86.3M	-111.29M	-5.76B
Interest Income	792.96M	830.05M	1.03B	63.89M	48.69M	51.6M	119.81M	179.7M	165.85M	0
Interest Expense	4.7B	4.65B	5.13B	247.13M	301.79M	238.89M	224.02M	266M	277.14M	0
Other Income/Expense	-9.48B	0	-8.62B	-8.49B	-9.41B	-4.54B	-4.46B	-5.34B	-2.26B	-5.25B
Pretax Income+	14.46B	-11.2B	17.42B	18.28B	15.8B	22.94B	26.17B	29.01B	36.32B	37.69B
Pretax Margin %	8.13%	-6.11%	9.55%	9.4%	8.6%	11.78%	11.54%	11.84%	12.98%	12.92%
Income Tax+	3.93B	4.18B	5.26B	5.65B	5.43B	6.61B	6.55B	8.78B	11.77B	12.67B
Effective Tax Rate %	69.66%	114.35%	79.87%	66.21%	65.25%	68.47%	72.72%	67.35%	65.34%	63.27%
Net Income+	10.07B	-12.8B	13.91B	12.1B	10.31B	15.71B	19.03B	19.54B	23.73B	23.84B
Net Margin %	5.67%	-6.99%	7.63%	6.22%	5.61%	8.06%	8.39%	7.97%	8.48%	8.17%
Net Income Growth %	-1.61%	-227.13%	208.65%	-13%	-14.83%	52.4%	21.17%	2.64%	21.46%	0.49%
Net Income (Continuing)	10.53B	-15.38B	11.7B	12.63B	10.37B	16.33B	19.63B	20.23B	24.55B	25.02B
Discontinued Operations	0	3.26B	2.98B	0	0	0	0	0	0	0
Minority Interest	7.1B	18.14B	6.81B	6.75B	280.19M	6.02B	6.49B	6.68B	7.11B	7.83B
EPS (Diluted)+	48.50	-61.20	66.20	57.60	49.10	74.80	90.60	93.00	113.00	113.50
EPS Growth %	-1.82%	-226.19%	208.17%	-12.99%	-14.76%	52.34%	21.12%	2.65%	21.51%	0.44%
EPS (Basic)	48.60	-61.20	66.20	57.60	49.10	74.80	90.60	93.00	113.00	113.50
Diluted Shares Outstanding	207.48M	209.13M	210.08M	210.08M	210.08M	210.08M	210.09M	210.09M	210.08M	210.08M
Basic Shares Outstanding	207.29M	209.13M	210.08M	210.08M	210.08M	210.08M	210.09M	210.09M	210.08M	210.08M
Dividend Payout Ratio	69.64%	-	50.6%	61.48%	99.72%	67.79%	60.22%	62.83%	54.24%	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	45.45B	55.66B	57.49B	56.8B	3.64B	80.36B	79.21B	67.74B	75.13B	74.57B
Cash & Short-Term Investments	10.48B	18.77B	23.73B	20.49B	2.19B	47.25B	40.28B	31.06B	32.78B	28.07B
Cash Only	10.48B	18.77B	23.73B	20.49B	2.19B	47.25B	40.28B	31.06B	32.78B	28.07B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	14.09B	16.66B	20.89B	23.04B	852.88M	18.31B	22.23B	23.17B	25.4B	22.15B
Days Sales Outstanding	28.94	33.17	41.81	43.25	1.7	34.3	35.79	34.51	33.14	27.71
Inventory	10.74B	11.36B	11.36B	11.78B	563.6M	11.96B	11.89B	11.88B	14.06B	14.01B
Days Inventory Outstanding	39.99	37	42.14	40.19	2.04	41.1	34.32	32.3	33.97	32.26
Other Current Assets	7B	7.02B	-360M	130M	26.4M	1.04B	3.12B	722M	1.12B	10.34B
Total Non-Current Assets+	233.8B	230.02B	206.3B	201.04B	9.57B	191.2B	198.78B	205.78B	232.85B	239.97B
Property, Plant & Equipment	65.29B	75.83B	61.94B	62.57B	3.06B	63.66B	73.27B	81.12B	102.37B	111.75B
Fixed Asset Turnover	2.72x	2.42x	2.94x	3.11x	60.07x	3.06x	3.09x	3.02x	2.73x	2.61x
Goodwill	33.58B	26.23B	23.73B	25.83B	1.18B	22.91B	23.26B	22.34B	22.01B	0
Intangible Assets	90.38B	98.02B	93.08B	86.22B	4.04B	79.27B	79.86B	78.82B	79.86B	102.36B
Long-Term Investments	22.36B	12.54B	10.52B	9.75B	518.03M	7.65B	8.45B	9.25B	10.23B	10.59B
Other Non-Current Assets	16.21B	9.4B	8.6B	6.24B	214.85M	9.38B	5.96B	6.49B	12.17B	15.28B
Total Assets+	279.26B	285.68B	263.79B	257.84B	13.2B	271.57B	278B	273.52B	307.99B	314.54B
Asset Turnover	0.64x	0.64x	0.69x	0.75x	13.91x	0.72x	0.82x	0.90x	0.91x	0.93x
Asset Growth %	32.82%	2.3%	-7.66%	-2.26%	-94.88%	1956.94%	2.37%	-1.61%	12.6%	2.13%
Total Current Liabilities+	39.87B	55.59B	45.52B	51.01B	2.15B	46.22B	57.96B	54.92B	67.17B	66.76B
Accounts Payable	27.84B	31.35B	19.75B	19.83B	862.96M	22.75B	26.84B	27.35B	33.77B	31.9B
Days Payables Outstanding	103.65	102.09	73.24	67.67	3.12	78.17	77.47	74.37	81.61	73.42
Short-Term Debt	3.05B	12.17B	11.6B	11.48B	279.89M	2.45B	8.52B	140M	3.31B	7.94B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	203M	3.92B	384M	802M	76.02M	84M	6.68B	7.98B	9.28B	26.28B
Current Ratio	1.14x	1.00x	1.26x	1.11x	1.69x	1.74x	1.37x	1.23x	1.12x	1.12x
Quick Ratio	0.87x	0.80x	1.01x	0.88x	1.43x	1.48x	1.16x	1.02x	0.91x	0.91x
Cash Conversion Cycle	-34.71	-31.92	10.71	15.77	0.61	-2.76	-7.36	-7.56	-14.5	-13.46
Total Non-Current Liabilities+	110.16B	89.37B	86.51B	77.14B	4.91B	97.77B	88.16B	84.9B	90.27B	93.75B
Long-Term Debt	85.86B	71.19B	70.2B	58.49B	4.14B	83.33B	70.14B	66.65B	71.9B	71.83B
Capital Lease Obligations	0	0	0	900M	37.44M	891M	1.66B	1.77B	2.29B	2.27B
Deferred Tax Liabilities	1.21B	1.71B	2.86B	3.77B	124.16M	2.71B	4.66B	4.67B	4.32B	0
Other Non-Current Liabilities	24.3B	16.47B	13.46B	13.98B	606.41M	10.84B	11.69B	1.66B	11.77B	19.65B
Total Liabilities	150.02B	144.97B	132.04B	128.15B	7.06B	144B	146.12B	139.81B	157.44B	160.51B
Total Debt+	88.91B	83.36B	81.81B	71.36B	4.46B	87.29B	80.8B	69.31B	78.39B	82.68B
Net Debt	78.43B	64.59B	58.08B	50.87B	2.27B	40.04B	40.53B	38.25B	45.62B	54.62B
Debt / Equity	0.69x	0.59x	0.62x	0.55x	0.73x	0.68x	0.61x	0.52x	0.52x	0.54x
Debt / EBITDA	2.73x	2.36x	2.36x	2.02x	0.13x	2.34x	1.97x	1.54x	1.55x	1.49x
Net Debt / EBITDA	2.41x	1.83x	1.68x	1.44x	0.06x	1.07x	0.99x	0.85x	0.90x	0.98x
Interest Coverage	5.09x	5.43x	5.08x	108.32x	83.51x	115.05x	136.75x	129.13x	139.21x	-
Total Equity+	129.23B	140.71B	131.75B	129.69B	6.15B	127.57B	131.88B	133.71B	150.54B	154.03B
Equity Growth %	18.85%	8.88%	-6.37%	-1.57%	-95.26%	1975.78%	3.37%	1.39%	12.59%	2.32%
Book Value per Share	622.87	672.81	627.13	617.30	29.25	607.24	627.72	636.42	716.58	733.18
Total Shareholders' Equity	122.14B	122.57B	124.94B	122.93B	5.87B	121.55B	125.39B	127.03B	143.43B	146.2B
Common Stock	2.05B	2.06B	2.06B	2.06B	103.39M	2.06B	2.06B	2.06B	2.06B	146.2B
Retained Earnings	81.58B	61.79B	71.27B	75.82B	3.81B	81.04B	88.66B	96B	106.96B	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-2.5B	13.65B	7.58B	1.23B	-334.4M	-4.97B	-8.71B	-14.31B	-8.65B	0
Minority Interest	7.1B	18.14B	6.81B	6.75B	280.19M	6.02B	6.49B	6.68B	7.11B	7.83B

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	32.45B	33.24B	29.54B	31.29B	35.15B	32.72B	35.49B	42.29B	42.44B	0
Operating CF Margin %	18.26%	18.14%	16.2%	16.09%	19.14%	16.8%	15.65%	17.25%	15.17%	-
Operating CF Growth %	39.84%	2.43%	-11.11%	5.91%	12.33%	-6.9%	8.47%	19.15%	0.36%	-100%
Net Income	14.46B	-7.1B	18.27B	18.28B	15.8B	22.94B	26.17B	29.01B	36.32B	23.84B
Depreciation & Amortization	8.67B	11.66B	10.03B	10.64B	10.03B	9.83B	10.43B	10.53B	12.13B	0
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	5.62B	29.94B	3.08B	-28M	4.14B	-1.69B	-31M	179M	-2.78B	-23.84B
Working Capital Changes	3.71B	-1.26B	-1.83B	2.4B	5.18B	1.64B	-1.08B	2.57B	-3.23B	0
Change in Receivables	-2.73B	-3.53B	-2.1B	-1.86B	3.04B	-2.04B	-3.42B	-1.6B	-2.3B	0
Change in Inventory	-2.14B	-482M	-1.39B	-1.14B	190M	-2.26B	-179M	-779M	-2.21B	0
Change in Payables	11.2B	3.72B	1.67B	5.73B	-1.04B	4.45B	3.42B	3.74B	5.15B	0
Cash from Investing+	-26.91B	-10.89B	-9.25B	-10.74B	-10.51B	-9.55B	-19.6B	-20.07B	-23.39B	0
Capital Expenditures	-14.08B	-9.71B	-11.29B	-11.74B	-9.94B	-9.99B	-17.73B	-20.63B	-23.94B	0
CapEx % of Revenue	7.92%	5.3%	6.19%	6.04%	5.42%	5.13%	7.82%	8.42%	8.56%	-
Acquisitions	-13.2B	366.23M	1.96B	0	0	0	-2.36B	-1.28B	-751M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	359.95M	-26.99M	1.39B	1.57B	1.01B	441M	-719M	1.84B	1.3B	0
Cash from Financing+	-9.73B	-10.78B	-14.27B	-22.79B	417M	-20.26B	-20.85B	-26.35B	-19.64B	0
Debt Issued (Net)	3.09B	-621M	-531M	-10.22B	16.54B	-3.63B	-2.97B	-8.94B	510M	0
Equity Issued (Net)	0	1000K	0	0	0	0	0	0	0	0
Dividends Paid	-7.01B	-6.99B	-7.04B	-7.44B	-10.28B	-10.65B	-11.46B	-12.28B	-12.87B	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-5.81B	-7.24B	-6.7B	-5.14B	-5.84B	-5.99B	-6.41B	-5.14B	-7.28B	0
Net Change in Cash	-5.51B	8.29B	4.96B	-3.24B	23.01B	3.75B	-6.97B	-9.22B	1.72B	-32.78B
Free Cash Flow+	19.75B	18.41B	18.25B	19.54B	60.35B	22.73B	17.76B	21.66B	16.65B	0
FCF Margin %	11.11%	10.05%	10.01%	10.05%	32.87%	11.67%	7.83%	8.84%	5.95%	-
FCF Growth %	68.81%	-6.78%	-0.87%	7.07%	208.79%	-62.33%	-21.89%	21.97%	-23.12%	-100%
FCF per Share	95.20	88.05	86.88	93.03	287.27	108.20	84.52	103.09	79.25	-
FCF Conversion (FCF/Net Income)	3.22x	-2.60x	2.12x	2.59x	3.41x	2.08x	1.86x	2.16x	1.79x	-
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	8.46%	-9.49%	10.21%	9.26%	15.18%	23.49%	14.67%	14.71%	16.7%	15.66%
Return on Invested Capital (ROIC)	9.77%	9.18%	9.88%	10.84%	20.01%	23.42%	13.51%	14.96%	15.72%	15.91%
Gross Margin	44.82%	50.03%	46.03%	45%	45.1%	45.48%	44.24%	45.23%	46.01%	45.65%
Net Margin	5.67%	-6.99%	7.63%	6.22%	5.61%	8.06%	8.39%	7.97%	8.48%	8.17%
Debt / Equity	0.69x	0.59x	0.62x	0.55x	0.73x	0.68x	0.61x	0.52x	0.52x	0.54x
Interest Coverage	5.09x	5.43x	5.08x	108.32x	83.51x	115.05x	136.75x	129.13x	139.21x	-
FCF Conversion	3.22x	-2.60x	2.12x	2.59x	3.41x	2.08x	1.86x	2.16x	1.79x	-
Revenue Growth	16.64%	3.12%	-0.5%	6.65%	-5.58%	6.09%	16.39%	8.09%	14.16%	4.27%

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Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 10-Year Financial Performance & Capital Metrics

KOF •

Consumer DefensiveNon-Alcoholic BeveragesBottlers and Beverage Distribution

Revenue $291.75B +4.3%
EBITDA $55.57B +9.6%
Net Income $23.84B +0.5%
EPS (Diluted) 113.50 +0.4%
Gross Margin 45.65% -0.8%
EBITDA Margin 19.05% +5.1%
Operating Margin 14.72% +6.7%
Net Margin 8.17% -3.6%
ROE 15.66% -6.2%
ROIC 15.91% +1.2%
Debt/Equity 0.54 +3.1%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 18.3%
✓Good 3Y average ROE of 15.7%
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 2/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.71%

5Y9.7%

3Y8.77%

TTM5%

Profit (Net Income) CAGR

10Y8.83%

5Y18.26%

3Y7.8%

TTM0.4%

EPS CAGR

10Y8.67%

5Y18.25%

3Y7.8%

TTM0.18%

ROCE

10Y Avg15.66%

5Y Avg17.41%

3Y Avg16.68%

Latest17.58%

Peer Comparison

Bottlers and Beverage Distribution

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRMBPrimo Brands Corporation	8.41B	22.68	108	29.34%	0.9%	2.01%	3.6%	0.21
COKECoca-Cola Consolidated, Inc.	11.45B	202.40	29.72	4.76%	8.66%	37.43%	5.41%
CCEPCoca-Cola Europacific Partners PLC	49.53B	110.43	22.89	-1.77%	8.13%	40.39%	4.64%	1.35
KOFCoca-Cola FEMSA, S.A.B. de C.V.	23.35B	111.15	16.87	4.27%	8.15%	15.48%		0.54
AKO-AEmbotelladora Andina S.A.	1.92B	24.30	14.38	23.14%	8.09%	23.29%	3.93%	1.10

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	177.72B	183.26B	182.34B	194.47B	183.62B	194.8B	226.74B	245.09B	279.79B	291.75B
Revenue Growth %	16.64%	3.12%	-0.5%	6.65%	-5.58%	6.09%	16.39%	8.09%	14.16%	4.27%
Cost of Goods Sold+	98.06B	112.09B	98.4B	106.96B	100.8B	106.21B	126.44B	134.23B	151.06B	158.57B
COGS % of Revenue	55.18%	61.17%	53.97%	55%	54.9%	54.52%	55.76%	54.77%	53.99%	54.35%
Gross Profit+	79.66B	91.69B	83.94B	87.51B	82.81B	88.6B	100.3B	110.86B	128.74B	133.18B
Gross Margin %	44.82%	50.03%	46.03%	45%	45.1%	45.48%	44.24%	45.23%	46.01%	45.65%
Gross Profit Growth %	10.6%	15.09%	-8.45%	4.25%	-5.37%	6.99%	13.21%	10.53%	16.12%	3.45%
Operating Expenses+	55.78B	65.41B	58.13B	60.74B	57.61B	61.12B	69.67B	76.51B	90.16B	90.24B
OpEx % of Revenue	31.39%	35.69%	31.88%	31.23%	31.37%	31.37%	30.72%	31.22%	32.22%	30.93%
Selling, General & Admin	55.46B	58.04B	57.92B	60.54B	56.44B	60.72B	68.98B	76.1B	88.5B	91.71B
SG&A % of Revenue	31.21%	31.67%	31.77%	31.13%	30.74%	31.17%	30.42%	31.05%	31.63%	31.43%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	323M	7.37B	202M	200M	1.16B	395M	682M	413M	1.66B	-1.47B
Operating Income+	23.92B	25.28B	26.03B	26.77B	25.2B	27.48B	30.64B	34.35B	38.58B	42.94B
Operating Margin %	13.46%	13.8%	14.28%	13.77%	13.73%	14.11%	13.51%	14.01%	13.79%	14.72%
Operating Income Growth %	-6.81%	5.69%	2.98%	2.82%	-5.85%	9.05%	11.47%	12.12%	12.32%	11.3%
EBITDA+	32.59B	35.39B	34.64B	35.4B	35.23B	37.32B	41.06B	44.88B	50.71B	55.57B
EBITDA Margin %	18.34%	19.31%	19%	18.2%	19.19%	19.16%	18.11%	18.31%	18.12%	19.05%
EBITDA Growth %	-0.69%	8.6%	-2.12%	2.19%	-0.47%	5.91%	10.03%	9.3%	12.99%	9.58%
D&A (Non-Cash Add-back)	8.67B	10.11B	8.61B	8.63B	10.03B	9.83B	10.43B	10.53B	12.13B	12.63B
EBIT	18.38B	24.87B	24.91B	26.31B	22.41B	27.5B	30.02B	33.28B	40.72B	42.55B
Net Interest Income+	-3.9B	-3.83B	-4.1B	-183.25M	-253.1M	-187.29M	-104.21M	-86.3M	-111.29M	-5.76B
Interest Income	792.96M	830.05M	1.03B	63.89M	48.69M	51.6M	119.81M	179.7M	165.85M	0
Interest Expense	4.7B	4.65B	5.13B	247.13M	301.79M	238.89M	224.02M	266M	277.14M	0
Other Income/Expense	-9.48B	0	-8.62B	-8.49B	-9.41B	-4.54B	-4.46B	-5.34B	-2.26B	-5.25B
Pretax Income+	14.46B	-11.2B	17.42B	18.28B	15.8B	22.94B	26.17B	29.01B	36.32B	37.69B
Pretax Margin %	8.13%	-6.11%	9.55%	9.4%	8.6%	11.78%	11.54%	11.84%	12.98%	12.92%
Income Tax+	3.93B	4.18B	5.26B	5.65B	5.43B	6.61B	6.55B	8.78B	11.77B	12.67B
Effective Tax Rate %	69.66%	114.35%	79.87%	66.21%	65.25%	68.47%	72.72%	67.35%	65.34%	63.27%
Net Income+	10.07B	-12.8B	13.91B	12.1B	10.31B	15.71B	19.03B	19.54B	23.73B	23.84B
Net Margin %	5.67%	-6.99%	7.63%	6.22%	5.61%	8.06%	8.39%	7.97%	8.48%	8.17%
Net Income Growth %	-1.61%	-227.13%	208.65%	-13%	-14.83%	52.4%	21.17%	2.64%	21.46%	0.49%
Net Income (Continuing)	10.53B	-15.38B	11.7B	12.63B	10.37B	16.33B	19.63B	20.23B	24.55B	25.02B
Discontinued Operations	0	3.26B	2.98B	0	0	0	0	0	0	0
Minority Interest	7.1B	18.14B	6.81B	6.75B	280.19M	6.02B	6.49B	6.68B	7.11B	7.83B
EPS (Diluted)+	48.50	-61.20	66.20	57.60	49.10	74.80	90.60	93.00	113.00	113.50
EPS Growth %	-1.82%	-226.19%	208.17%	-12.99%	-14.76%	52.34%	21.12%	2.65%	21.51%	0.44%
EPS (Basic)	48.60	-61.20	66.20	57.60	49.10	74.80	90.60	93.00	113.00	113.50
Diluted Shares Outstanding	207.48M	209.13M	210.08M	210.08M	210.08M	210.08M	210.09M	210.09M	210.08M	210.08M
Basic Shares Outstanding	207.29M	209.13M	210.08M	210.08M	210.08M	210.08M	210.09M	210.09M	210.08M	210.08M
Dividend Payout Ratio	69.64%	-	50.6%	61.48%	99.72%	67.79%	60.22%	62.83%	54.24%	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	45.45B	55.66B	57.49B	56.8B	3.64B	80.36B	79.21B	67.74B	75.13B	74.57B
Cash & Short-Term Investments	10.48B	18.77B	23.73B	20.49B	2.19B	47.25B	40.28B	31.06B	32.78B	28.07B
Cash Only	10.48B	18.77B	23.73B	20.49B	2.19B	47.25B	40.28B	31.06B	32.78B	28.07B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	14.09B	16.66B	20.89B	23.04B	852.88M	18.31B	22.23B	23.17B	25.4B	22.15B
Days Sales Outstanding	28.94	33.17	41.81	43.25	1.7	34.3	35.79	34.51	33.14	27.71
Inventory	10.74B	11.36B	11.36B	11.78B	563.6M	11.96B	11.89B	11.88B	14.06B	14.01B
Days Inventory Outstanding	39.99	37	42.14	40.19	2.04	41.1	34.32	32.3	33.97	32.26
Other Current Assets	7B	7.02B	-360M	130M	26.4M	1.04B	3.12B	722M	1.12B	10.34B
Total Non-Current Assets+	233.8B	230.02B	206.3B	201.04B	9.57B	191.2B	198.78B	205.78B	232.85B	239.97B
Property, Plant & Equipment	65.29B	75.83B	61.94B	62.57B	3.06B	63.66B	73.27B	81.12B	102.37B	111.75B
Fixed Asset Turnover	2.72x	2.42x	2.94x	3.11x	60.07x	3.06x	3.09x	3.02x	2.73x	2.61x
Goodwill	33.58B	26.23B	23.73B	25.83B	1.18B	22.91B	23.26B	22.34B	22.01B	0
Intangible Assets	90.38B	98.02B	93.08B	86.22B	4.04B	79.27B	79.86B	78.82B	79.86B	102.36B
Long-Term Investments	22.36B	12.54B	10.52B	9.75B	518.03M	7.65B	8.45B	9.25B	10.23B	10.59B
Other Non-Current Assets	16.21B	9.4B	8.6B	6.24B	214.85M	9.38B	5.96B	6.49B	12.17B	15.28B
Total Assets+	279.26B	285.68B	263.79B	257.84B	13.2B	271.57B	278B	273.52B	307.99B	314.54B
Asset Turnover	0.64x	0.64x	0.69x	0.75x	13.91x	0.72x	0.82x	0.90x	0.91x	0.93x
Asset Growth %	32.82%	2.3%	-7.66%	-2.26%	-94.88%	1956.94%	2.37%	-1.61%	12.6%	2.13%
Total Current Liabilities+	39.87B	55.59B	45.52B	51.01B	2.15B	46.22B	57.96B	54.92B	67.17B	66.76B
Accounts Payable	27.84B	31.35B	19.75B	19.83B	862.96M	22.75B	26.84B	27.35B	33.77B	31.9B
Days Payables Outstanding	103.65	102.09	73.24	67.67	3.12	78.17	77.47	74.37	81.61	73.42
Short-Term Debt	3.05B	12.17B	11.6B	11.48B	279.89M	2.45B	8.52B	140M	3.31B	7.94B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	203M	3.92B	384M	802M	76.02M	84M	6.68B	7.98B	9.28B	26.28B
Current Ratio	1.14x	1.00x	1.26x	1.11x	1.69x	1.74x	1.37x	1.23x	1.12x	1.12x
Quick Ratio	0.87x	0.80x	1.01x	0.88x	1.43x	1.48x	1.16x	1.02x	0.91x	0.91x
Cash Conversion Cycle	-34.71	-31.92	10.71	15.77	0.61	-2.76	-7.36	-7.56	-14.5	-13.46
Total Non-Current Liabilities+	110.16B	89.37B	86.51B	77.14B	4.91B	97.77B	88.16B	84.9B	90.27B	93.75B
Long-Term Debt	85.86B	71.19B	70.2B	58.49B	4.14B	83.33B	70.14B	66.65B	71.9B	71.83B
Capital Lease Obligations	0	0	0	900M	37.44M	891M	1.66B	1.77B	2.29B	2.27B
Deferred Tax Liabilities	1.21B	1.71B	2.86B	3.77B	124.16M	2.71B	4.66B	4.67B	4.32B	0
Other Non-Current Liabilities	24.3B	16.47B	13.46B	13.98B	606.41M	10.84B	11.69B	1.66B	11.77B	19.65B
Total Liabilities	150.02B	144.97B	132.04B	128.15B	7.06B	144B	146.12B	139.81B	157.44B	160.51B
Total Debt+	88.91B	83.36B	81.81B	71.36B	4.46B	87.29B	80.8B	69.31B	78.39B	82.68B
Net Debt	78.43B	64.59B	58.08B	50.87B	2.27B	40.04B	40.53B	38.25B	45.62B	54.62B
Debt / Equity	0.69x	0.59x	0.62x	0.55x	0.73x	0.68x	0.61x	0.52x	0.52x	0.54x
Debt / EBITDA	2.73x	2.36x	2.36x	2.02x	0.13x	2.34x	1.97x	1.54x	1.55x	1.49x
Net Debt / EBITDA	2.41x	1.83x	1.68x	1.44x	0.06x	1.07x	0.99x	0.85x	0.90x	0.98x
Interest Coverage	5.09x	5.43x	5.08x	108.32x	83.51x	115.05x	136.75x	129.13x	139.21x	-
Total Equity+	129.23B	140.71B	131.75B	129.69B	6.15B	127.57B	131.88B	133.71B	150.54B	154.03B
Equity Growth %	18.85%	8.88%	-6.37%	-1.57%	-95.26%	1975.78%	3.37%	1.39%	12.59%	2.32%
Book Value per Share	622.87	672.81	627.13	617.30	29.25	607.24	627.72	636.42	716.58	733.18
Total Shareholders' Equity	122.14B	122.57B	124.94B	122.93B	5.87B	121.55B	125.39B	127.03B	143.43B	146.2B
Common Stock	2.05B	2.06B	2.06B	2.06B	103.39M	2.06B	2.06B	2.06B	2.06B	146.2B
Retained Earnings	81.58B	61.79B	71.27B	75.82B	3.81B	81.04B	88.66B	96B	106.96B	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-2.5B	13.65B	7.58B	1.23B	-334.4M	-4.97B	-8.71B	-14.31B	-8.65B	0
Minority Interest	7.1B	18.14B	6.81B	6.75B	280.19M	6.02B	6.49B	6.68B	7.11B	7.83B

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	32.45B	33.24B	29.54B	31.29B	35.15B	32.72B	35.49B	42.29B	42.44B	0
Operating CF Margin %	18.26%	18.14%	16.2%	16.09%	19.14%	16.8%	15.65%	17.25%	15.17%	-
Operating CF Growth %	39.84%	2.43%	-11.11%	5.91%	12.33%	-6.9%	8.47%	19.15%	0.36%	-100%
Net Income	14.46B	-7.1B	18.27B	18.28B	15.8B	22.94B	26.17B	29.01B	36.32B	23.84B
Depreciation & Amortization	8.67B	11.66B	10.03B	10.64B	10.03B	9.83B	10.43B	10.53B	12.13B	0
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	5.62B	29.94B	3.08B	-28M	4.14B	-1.69B	-31M	179M	-2.78B	-23.84B
Working Capital Changes	3.71B	-1.26B	-1.83B	2.4B	5.18B	1.64B	-1.08B	2.57B	-3.23B	0
Change in Receivables	-2.73B	-3.53B	-2.1B	-1.86B	3.04B	-2.04B	-3.42B	-1.6B	-2.3B	0
Change in Inventory	-2.14B	-482M	-1.39B	-1.14B	190M	-2.26B	-179M	-779M	-2.21B	0
Change in Payables	11.2B	3.72B	1.67B	5.73B	-1.04B	4.45B	3.42B	3.74B	5.15B	0
Cash from Investing+	-26.91B	-10.89B	-9.25B	-10.74B	-10.51B	-9.55B	-19.6B	-20.07B	-23.39B	0
Capital Expenditures	-14.08B	-9.71B	-11.29B	-11.74B	-9.94B	-9.99B	-17.73B	-20.63B	-23.94B	0
CapEx % of Revenue	7.92%	5.3%	6.19%	6.04%	5.42%	5.13%	7.82%	8.42%	8.56%	-
Acquisitions	-13.2B	366.23M	1.96B	0	0	0	-2.36B	-1.28B	-751M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	359.95M	-26.99M	1.39B	1.57B	1.01B	441M	-719M	1.84B	1.3B	0
Cash from Financing+	-9.73B	-10.78B	-14.27B	-22.79B	417M	-20.26B	-20.85B	-26.35B	-19.64B	0
Debt Issued (Net)	3.09B	-621M	-531M	-10.22B	16.54B	-3.63B	-2.97B	-8.94B	510M	0
Equity Issued (Net)	0	1000K	0	0	0	0	0	0	0	0
Dividends Paid	-7.01B	-6.99B	-7.04B	-7.44B	-10.28B	-10.65B	-11.46B	-12.28B	-12.87B	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-5.81B	-7.24B	-6.7B	-5.14B	-5.84B	-5.99B	-6.41B	-5.14B	-7.28B	0
Net Change in Cash	-5.51B	8.29B	4.96B	-3.24B	23.01B	3.75B	-6.97B	-9.22B	1.72B	-32.78B
Free Cash Flow+	19.75B	18.41B	18.25B	19.54B	60.35B	22.73B	17.76B	21.66B	16.65B	0
FCF Margin %	11.11%	10.05%	10.01%	10.05%	32.87%	11.67%	7.83%	8.84%	5.95%	-
FCF Growth %	68.81%	-6.78%	-0.87%	7.07%	208.79%	-62.33%	-21.89%	21.97%	-23.12%	-100%
FCF per Share	95.20	88.05	86.88	93.03	287.27	108.20	84.52	103.09	79.25	-
FCF Conversion (FCF/Net Income)	3.22x	-2.60x	2.12x	2.59x	3.41x	2.08x	1.86x	2.16x	1.79x	-
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	8.46%	-9.49%	10.21%	9.26%	15.18%	23.49%	14.67%	14.71%	16.7%	15.66%
Return on Invested Capital (ROIC)	9.77%	9.18%	9.88%	10.84%	20.01%	23.42%	13.51%	14.96%	15.72%	15.91%
Gross Margin	44.82%	50.03%	46.03%	45%	45.1%	45.48%	44.24%	45.23%	46.01%	45.65%
Net Margin	5.67%	-6.99%	7.63%	6.22%	5.61%	8.06%	8.39%	7.97%	8.48%	8.17%
Debt / Equity	0.69x	0.59x	0.62x	0.55x	0.73x	0.68x	0.61x	0.52x	0.52x	0.54x
Interest Coverage	5.09x	5.43x	5.08x	108.32x	83.51x	115.05x	136.75x	129.13x	139.21x	-
FCF Conversion	3.22x	-2.60x	2.12x	2.59x	3.41x	2.08x	1.86x	2.16x	1.79x	-
Revenue Growth	16.64%	3.12%	-0.5%	6.65%	-5.58%	6.09%	16.39%	8.09%	14.16%	4.27%

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare KOF vs Peers

vs CCEP

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Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare KOF vs Peers

vs CCEP

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