Betterware de México, S.A.P.I. de C.V. (BWMX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.51B | 3.8B | 3.38B | 3.56B | 3.5B | 3.78B | 3.33B | 3.39B | 3.6B | 3.4B | 3.12B | 3.22B | 3.26B | 3.24B | 3.17B | 3.24B | 1.87B | 2.18B | 2.36B | 2.59B |
| Revenue Growth % | 0.3% | 0.67% | 1.41% | 5.11% | -2.87% | 11.08% | 6.62% | 5.26% | 10.36% | 5.07% | -1.51% | -0.72% | 74.64% | 48.38% | 34.29% | 25.02% | -35.58% | -16.11% | 3.99% | 80.71% |
| Cost of Goods Sold | 1.18B | 1.34B | 1.06B | 1.17B | 1.18B | 1.67B | 959.13M | 940.92M | 951.55M | 1.02B | 930.64M | 860.76M | 887.98M | 895.54M | 983.55M | 986.29M | 680.33M | 1.01B | 1.03B | 1.12B |
| COGS % of Revenue | 33.72% | 35.33% | 31.53% | 32.86% | 33.82% | 44.16% | 28.8% | 27.76% | 26.41% | 30.04% | 29.79% | 26.73% | 27.2% | 27.66% | 31.01% | 30.41% | 36.4% | 46.32% | 43.74% | 43.25% |
| Gross Profit | 2.33B | 2.46B | 2.31B | 2.39B | 2.32B | 2.11B | 2.37B | 2.45B | 2.65B | 2.38B | 2.19B | 2.36B | 2.38B | 2.34B | 2.19B | 2.26B | 1.19B | 1.17B | 1.33B | 1.47B |
| Gross Margin % | 66.28% | 64.67% | 68.47% | 67.14% | 66.18% | 55.84% | 71.2% | 72.24% | 73.59% | 69.96% | 70.21% | 73.27% | 72.8% | 72.34% | 68.99% | 69.59% | 63.6% | 53.68% | 56.26% | 56.75% |
| Gross Profit Growth % | 0.44% | 16.59% | -2.47% | -2.31% | -12.64% | -11.34% | 8.13% | 3.78% | 11.56% | 1.61% | 0.23% | 4.52% | 99.88% | 99.97% | 64.68% | 53.31% | -28.75% | -19.42% | 7.13% | 98.65% |
| Operating Expenses | 1.81B | 1.85B | 1.69B | 1.81B | 1.88B | 1.7B | 2.31B | 1.89B | 1.99B | 1.66B | 1.75B | 1.73B | 1.82B | 1.75B | 1.73B | 1.71B | 662.61M | 827.69M | 642.07M | 747.43M |
| OpEx % of Revenue | 51.48% | 48.52% | 49.91% | 50.8% | 53.78% | 45.01% | 69.43% | 55.78% | 55.26% | 48.74% | 56.18% | 53.86% | 55.62% | 54.12% | 54.42% | 52.68% | 35.45% | 37.93% | 27.19% | 28.81% |
| Selling, General & Admin | 1.81B | 1.51B | 1.69B | 1.81B | 1.88B | 1.09B | 1.88B | 1.89B | 1.99B | 1.66B | 1.75B | 1.73B | 1.82B | 1.75B | 1.73B | 1.71B | 644.28M | 827.69M | 641.19M | 746.49M |
| SG&A % of Revenue | 51.48% | 39.7% | 49.91% | 50.8% | 53.78% | 28.78% | 56.37% | 55.78% | 55.26% | 48.74% | 56.18% | 53.86% | 55.62% | 54.01% | 54.42% | 52.68% | 34.47% | 37.93% | 27.15% | 28.77% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 1000K | 0 | 882K | 944K |
| Operating Income | 519.2M | 614.31M | 627.08M | 582.22M | 433.9M | 409.25M | 59.05M | 557.88M | 660.03M | 721.97M | 438.11M | 624.87M | 560.82M | 589.85M | 461.96M | 548.66M | 526.19M | 343.56M | 686.39M | 724.98M |
| Operating Margin % | 14.79% | 16.15% | 18.57% | 16.34% | 12.4% | 10.83% | 1.77% | 16.46% | 18.32% | 21.22% | 14.03% | 19.41% | 17.18% | 18.22% | 14.57% | 16.92% | 28.15% | 15.74% | 29.07% | 27.94% |
| Operating Income Growth % | 19.66% | 50.11% | 961.99% | 4.36% | -34.26% | -43.31% | -86.52% | -10.72% | 17.69% | 22.4% | -5.16% | 13.89% | 6.58% | 71.69% | -32.7% | -24.32% | -42.06% | -56.49% | -4.85% | 90.83% |
| EBITDA | 609.91M | 710.82M | 722.15M | 780.17M | 535.26M | 510.32M | 64.68M | 751.49M | 755.39M | 819.48M | 529.42M | 811.18M | 654.56M | 669.43M | 534.93M | 615.27M | 547.8M | 367.5M | 708.45M | 745.96M |
| EBITDA Margin % | 17.38% | 18.69% | 21.38% | 21.9% | 15.3% | 13.51% | 1.94% | 22.17% | 20.97% | 24.09% | 16.95% | 25.19% | 20.05% | 20.68% | 16.87% | 18.97% | 29.31% | 16.84% | 30% | 28.75% |
| EBITDA Growth % | 13.95% | 39.29% | 1016.48% | 3.82% | -29.14% | -37.73% | -87.78% | -7.36% | 15.4% | 22.42% | -1.03% | 31.84% | 19.49% | 82.16% | -24.49% | -17.52% | -40.69% | -54.45% | -2.72% | 91.03% |
| D&A (Non-Cash Add-back) | 90.71M | 96.51M | 95.07M | 197.95M | 101.36M | 101.07M | 5.63M | 193.62M | 95.36M | 97.52M | 91.31M | 186.3M | 93.74M | 79.58M | 72.97M | 66.6M | 21.62M | 23.93M | 22.06M | 20.99M |
| EBIT | 518.76M | 625.86M | 633.59M | 577.63M | 425.75M | 458M | 117.09M | 624.52M | 620.88M | 697.39M | 454.67M | 586.81M | 512.52M | 577.53M | 456.51M | 555.39M | 439.03M | 316.31M | 761.92M | 682.35M |
| Net Interest Income | -88.03M | -114.19M | -126.43M | -136.37M | -129.97M | -146.55M | -158.6M | -159.27M | -157.76M | -189.71M | -195.87M | -191.18M | -198.44M | -191.96M | -177.8M | -120.86M | -24M | -19.46M | -9.96M | -8.76M |
| Interest Income | 11.67M | 4.64M | 5.47M | 7.91M | 16.07M | 9.26M | 2.75M | 11.56M | 6.67M | 5.72M | 11.85M | 14.99M | 12.49M | 5.91M | 7.07M | 10.3M | 5.41M | 9.23M | 8.04M | 5.21M |
| Interest Expense | 99.71M | 118.83M | 131.91M | 144.28M | 146.04M | 155.81M | 161.35M | 170.83M | 164.43M | 195.43M | 207.72M | 206.17M | 210.94M | 197.87M | 184.87M | 131.16M | 29.42M | 28.7M | 18M | 13.97M |
| Other Income/Expense | -100.15M | -107.28M | -125.4M | -148.86M | -154.19M | -94.35M | -103.31M | -104.19M | -203.58M | -220.01M | -191.17M | -244.24M | -259.23M | -210.18M | -190.33M | -124.44M | -116.58M | -55.95M | 57.53M | -56.6M |
| Pretax Income | 419.05M | 507.04M | 501.68M | 433.36M | 279.71M | 314.9M | -44.26M | 453.69M | 456.45M | 501.96M | 246.94M | 380.64M | 301.58M | 379.67M | 271.64M | 424.23M | 409.61M | 287.62M | 743.92M | 668.38M |
| Pretax Margin % | 11.94% | 13.33% | 14.85% | 12.16% | 7.99% | 8.33% | -1.33% | 13.39% | 12.67% | 14.76% | 7.91% | 11.82% | 9.24% | 11.73% | 8.57% | 13.08% | 21.91% | 13.18% | 31.5% | 25.76% |
| Income Tax | 137.69M | 237.25M | 188.06M | 106.69M | 128.98M | 82.73M | 71.33M | 153M | 162.21M | 95.55M | 50.07M | 125.41M | 113.36M | 34.46M | 220.1M | 135.12M | 142.64M | 99.5M | 230.56M | 207.5M |
| Effective Tax Rate % | 32.86% | 46.79% | 37.49% | 24.62% | 46.11% | 26.27% | -161.14% | 33.72% | 35.54% | 19.03% | 20.28% | 32.95% | 37.59% | 9.08% | 81.03% | 31.85% | 34.82% | 34.6% | 30.99% | 31.05% |
| Net Income | 281.34M | 267.85M | 314.2M | 327.31M | 151.39M | 232.43M | -115.61M | 300.77M | 294.15M | 406.1M | 196.99M | 258.37M | 188M | 346.75M | 51.95M | 289.42M | 267.3M | 188.11M | 513.36M | 460.87M |
| Net Margin % | 8.02% | 7.04% | 9.3% | 9.19% | 4.33% | 6.15% | -3.47% | 8.87% | 8.16% | 11.94% | 6.31% | 8.02% | 5.76% | 10.71% | 1.64% | 8.92% | 14.3% | 8.62% | 21.74% | 17.76% |
| Net Income Growth % | 85.84% | 15.24% | 371.77% | 8.82% | -48.53% | -42.77% | -158.69% | 16.41% | 56.46% | 17.12% | 279.17% | -10.73% | -29.67% | 84.33% | -89.88% | -37.2% | -58.14% | 271.25% | 506.83% | 71.73% |
| Net Income (Continuing) | 281.36M | 269.78M | 313.63M | 326.67M | 150.73M | 232.17M | -115.59M | 300.69M | 294.25M | 406.41M | 196.87M | 255.22M | 188.23M | 345.21M | 51.54M | 289.11M | 266.98M | 188.11M | 513.36M | 460.87M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -1.79M | -1.82M | -65.07M | -2.99M | -2.39M | -1.72M | -1.48M | -1.55M | -1.57M | -1.63M | -1.94M | -1.78M | 1.36M | 1.18M | 748K | 1.21M | 1.52M | 14.65M | 0 | 0 |
| EPS (Diluted) | 7.54 | 6.70 | 8.42 | 8.77 | 4.06 | 6.04 | -3.10 | 8.08 | 7.88 | 10.88 | 5.28 | 6.92 | 5.14 | 5.61 | 1.39 | 7.76 | 7.16 | 3.72 | 14.03 | 12.60 |
| EPS Growth % | 85.71% | 10.93% | 371.61% | 8.54% | -48.48% | -44.49% | -158.71% | 16.76% | 53.31% | 93.94% | 279.86% | -10.82% | -28.21% | 50.81% | -90.09% | -38.41% | -58.97% | 169.57% | 486.5% | 61.75% |
| EPS (Basic) | 7.54 | 7.23 | 8.42 | 8.77 | 4.06 | 6.04 | -3.10 | 8.08 | 7.88 | 10.88 | 5.28 | 6.92 | 5.14 | 5.66 | 1.41 | 7.91 | 7.31 | 5.13 | 14.03 | 12.60 |
| Diluted Shares Outstanding | 37.31M | 37.32M | 37.32M | 37.32M | 37.29M | 37.3M | 37.23M | 37.23M | 37.23M | 37.26M | 37.31M | 37.32M | 37.32M | 37.32M | 37.32M | 37.32M | 37.32M | 37.32M | 37.32M | 36.58M |
| Basic Shares Outstanding | 37.31M | 37.32M | 37.32M | 37.32M | 37.29M | 37.3M | 37.23M | 37.23M | 37.23M | 37.26M | 37.31M | 37.23M | 36.58M | 36.96M | 36.58M | 36.58M | 36.58M | 37.03M | 36.58M | 36.58M |
| Dividend Payout Ratio | 72.24% | 78.17% | 1169.92% | 137.22% | 164.81% | 107.35% | - | 165.92% | 84.83% | 49.15% | 101.33% | 96.57% | 53.09% | 14.42% | 384.21% | 120.93% | 130.94% | 186.06% | 68.18% | 75.94% |