Revenue growth remains volatile with a 3.2% increase in 2026Q1, while the company maintains a consistent gross margin averaging approximately 24% over the last ten quarters.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 | Dec'95 |
|---|
| Sales/Revenue | 52.86B | 33.66B | 33.66B | 41.22B | 54.16B | 55.62B | 35.87B | 34.17B | 35.68B | 28.67B | 27.52B | 25.1B | 26.83B | 24.37B | 29.77B | 29.27B | 24.58B | 252.96B | 35.19B | 24.06B | 22.67B | 12.89B | 5.66B | 2.78B | 2.11B | 2.21B | 2.15B | 2.51B | 2.22B | 2.18B | 1.65B |
| Revenue Growth % | 57.53% | 0% | -18.34% | -23.9% | -2.63% | 55.06% | 4.97% | -4.22% | 24.43% | 4.21% | 9.64% | -6.46% | 10.09% | -18.15% | 1.72% | 19.1% | -90.28% | 618.94% | 46.25% | 6.12% | 75.85% | 127.6% | 104.01% | 31.42% | -4.33% | 2.85% | -14.4% | 13.14% | 1.78% | 31.86% | 58.72% |
| Cost of Goods Sold | 39.66B | 26.03B | 26.03B | 30.59B | 39.68B | 39.97B | 29.21B | 30.07B | 30.56B | 23.93B | 22.78B | 21.96B | 25.49B | 22.41B | 25.99B | 25.62B | 20.53B | 220.98B | 29.8B | 20.46B | 18.45B | 10.31B | 3.29B | 1.82B | 1.41B | 1.46B | 1.19B | 1.54B | 1.42B | 1.38B | 1.01B |
| COGS % of Revenue | - | 77.35% | 77.35% | 74.21% | 73.27% | 71.86% | 81.44% | 87.99% | 85.66% | 83.47% | 82.77% | 87.49% | 95.02% | 91.96% | 87.29% | 87.54% | 83.53% | 87.36% | 84.68% | 85.04% | 81.36% | 79.98% | 58.12% | 65.7% | 66.91% | 66.07% | 55.57% | 61.44% | 63.85% | 63.5% | 61.43% |
| Gross Profit | 13.2B | 7.62B | 7.62B | 10.63B | 14.48B | 15.65B | 6.66B | 4.1B | 5.11B | 4.74B | 4.74B | 3.14B | 1.34B | 1.96B | 3.78B | 3.65B | 4.05B | 31.98B | 5.39B | 3.6B | 4.23B | 2.58B | 2.37B | 952.52M | 699.06M | 749.4M | 954.03M | 967.34M | 801.36M | 795.12M | 637.2M |
| Gross Margin % | 24.97% | 22.65% | 22.65% | 25.79% | 26.73% | 28.14% | 18.56% | 12.01% | 14.34% | 16.53% | 17.23% | 12.51% | 4.98% | 8.04% | 12.71% | 12.46% | 16.47% | 12.64% | 15.32% | 14.96% | 18.64% | 20.02% | 41.88% | 34.3% | 33.09% | 33.93% | 44.43% | 38.56% | 36.15% | 36.5% | 38.57% |
| Gross Profit Growth % | - | 0% | -28.26% | -26.58% | -7.52% | 135.1% | 62.22% | -19.76% | 7.89% | 0.02% | 51% | 134.87% | -31.77% | -48.23% | 3.78% | -9.91% | -87.35% | 493.47% | 49.69% | -14.81% | 63.75% | 8.79% | 149.06% | 36.26% | -6.72% | -21.45% | -1.38% | 20.71% | 0.78% | 24.78% | 49.67% |
| Operating Expenses | 4.01B | 2.32B | 1.8B | 2.24B | 3.31B | 1.82B | 1.47B | 1.77B | 1.06B | 1.22B | 1.31B | 1.43B | 1.13B | 1.18B | 1.14B | 1.05B | 2.96B | 28.4B | 2.27B | 1.42B | 1.3B | 1.01B | 568.6M | 462.2M | 443.84M | 489.25M | 605.03M | 638.96M | 536.12M | 540.84M | 410.68M |
| OpEx % of Revenue | - | 6.9% | 5.33% | 5.44% | 6.12% | 3.27% | 4.11% | 5.19% | 2.98% | 4.24% | 4.77% | 5.69% | 4.22% | 4.83% | 3.84% | 3.6% | 12.05% | 11.23% | 6.46% | 5.9% | 5.75% | 7.85% | 10.04% | 16.65% | 21.01% | 22.15% | 28.18% | 25.47% | 24.18% | 24.83% | 24.86% |
| Selling, General & Admin | 4.91B | 2.6B | 2.6B | 2.35B | 2.46B | 2.04B | 2.02B | 1.64B | 1.08B | 1.24B | 1.28B | 1.49B | 1.19B | 1.12B | 1.12B | 1.05B | 2.96B | 2.3B | 2.27B | 1.42B | 1.3B | 1.01B | 568.6M | 462.2M | 443.84M | 489.25M | 447.7M | 462.9M | 395.84M | 418.03M | 321.3M |
| SG&A % of Revenue | - | 7.73% | 7.73% | 5.7% | 4.54% | 3.67% | 5.63% | 4.79% | 3.03% | 4.33% | 4.64% | 5.93% | 4.45% | 4.58% | 3.75% | 3.6% | 12.05% | 0.91% | 6.46% | 5.9% | 5.75% | 7.85% | 10.04% | 16.65% | 21.01% | 22.15% | 20.85% | 18.45% | 17.85% | 19.19% | 19.45% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -4M | -278.68M | -807.32M | -104M | 858.11M | -226.11M | -546.75M | 136.58M | -8.65M | 6.93M | 36.2M | 927K | -60.55M | 59.16M | 34.48M | 0 | 0 | 0 | 0 | 0 | 0 | -413.99K | 0 | 0 | 0 | 0 | 157.32M | 176.06M | 140.28M | 122.81M | 89.38M |
| Operating Income | 9.19B | 5.3B | 5.83B | 8.38B | 11.16B | 13.84B | 5.19B | 2.33B | 4.05B | 3.53B | 3.43B | 1.71B | 203.3M | 782.85M | 2.64B | 2.59B | 1.08B | 3.58B | 3.12B | 2.18B | 2.92B | 1.57B | 1.8B | 490.32M | 255.21M | 260.14M | 349.01M | 328.38M | 265.24M | 254.28M | 226.53M |
| Operating Margin % | 17.38% | 15.75% | 17.32% | 20.34% | 20.61% | 24.88% | 14.46% | 6.82% | 11.35% | 12.29% | 12.45% | 6.81% | 0.76% | 3.21% | 8.87% | 8.85% | 4.41% | 1.42% | 8.85% | 9.06% | 12.89% | 12.17% | 31.84% | 17.66% | 12.08% | 11.78% | 16.25% | 13.09% | 11.96% | 11.67% | 13.71% |
| Operating Income Growth % | - | -9.07% | -30.47% | -24.87% | -19.33% | 166.84% | 122.53% | -42.47% | 14.89% | 2.89% | 100.35% | 741.2% | -74.03% | -70.35% | 1.87% | 138.91% | -69.72% | 15.01% | 42.92% | -25.43% | 86.35% | -13.04% | 267.87% | 92.12% | -1.9% | -25.46% | 6.28% | 23.81% | 4.31% | 12.25% | 169.88% |
| EBITDA | 10.29B | 6.38B | 6.9B | 9.41B | 12.28B | 15.01B | 6.64B | 3.44B | 5.16B | 4.99B | 4.86B | 2.83B | 1.32B | 1.84B | 3.65B | 3.59B | 2.18B | 4.63B | 4.01B | 2.73B | 3.36B | 1.83B | 2.02B | 671.92M | 411.15M | 400.96M | 501.04M | 475.76M | 388.59M | 377.09M | 315.9M |
| EBITDA Margin % | 19.47% | 18.96% | 20.49% | 22.83% | 22.67% | 26.99% | 18.5% | 10.06% | 14.47% | 17.4% | 17.65% | 11.29% | 4.92% | 7.53% | 12.25% | 12.27% | 8.88% | 1.83% | 11.4% | 11.34% | 14.81% | 14.16% | 35.61% | 24.2% | 19.46% | 18.16% | 23.34% | 18.97% | 17.53% | 17.31% | 19.12% |
| EBITDA Growth % | 879.72% | -7.45% | -26.73% | -23.34% | -18.21% | 126.16% | 93.02% | -33.39% | 3.45% | 2.77% | 71.41% | 114.41% | -28.03% | -49.65% | 1.48% | 64.58% | -52.86% | 15.46% | 47.02% | -18.73% | 83.86% | -9.49% | 200.17% | 63.42% | 2.54% | -19.97% | 5.31% | 22.43% | 3.05% | 19.37% | 120.87% |
| D&A (Non-Cash Add-back) | 1.1B | 1.08B | 1.07B | 1.03B | 1.12B | 1.18B | 1.45B | 1.11B | 1.11B | 1.46B | 1.43B | 1.12B | 1.12B | 1.05B | 1.01B | 1B | 1.1B | 1.05B | 895.31M | 548.18M | 433.6M | 257.02M | 213.17M | 181.6M | 155.94M | 140.82M | 152.03M | 147.38M | 123.35M | 122.81M | 89.38M |
| EBIT | 4.92B | 12.54B | 12.54B | 6.64B | 11.22B | 13.92B | 4.93B | 1.69B | 4.22B | 3.07B | 5.34B | -2.45B | 702.53M | 736.75M | 2.03B | 3.15B | 1.17B | -786.21M | 3.11B | 2.18B | 2.92B | 1.63B | 1.94B | 532.95M | 255.22M | 260.14M | 349.01M | 355.35M | 336.23M | 280.26M | 314.36M |
| Net Interest Income | 1.76B | 1.62B | 1.61B | 640.69M | 389.53M | -21.5M | 54.08M | 90.95M | 296.31M | 197.89M | 99.86M | -6.17M | 2.52M | -8.32M | 569K | 2.41M | -257K | -17.87M | 78.52M | 273.31M | 45.25M | 0 | 5.57M | 0 | 0 | 27.12M | 0 | 31.65M | 0 | 0 | 0 |
| Interest Income | 1.97B | 1.62B | 1.62B | 728.59M | 445.88M | 65.95M | 107.83M | 146M | 312.82M | 252.29M | 140.03M | 34.03M | 25.14M | 20.4M | 23.55M | 26.14M | 0 | 78.13M | 253.52M | 273.33M | 45.25M | 0 | 5.57M | 0 | 0 | 27.12M | 0 | 31.65M | 0 | 0 | 0 |
| Interest Expense | 205.22M | 3.73M | 3.73M | 87.9M | 56.35M | 87.44M | 53.75M | 55.05M | 16.51M | 54.4M | 40.17M | 40.2M | 22.61M | 28.71M | 23.02M | 23.73M | 207.5M | 96M | 78.52M | 14.67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -4.47B | 7.24B | 6.71B | -1.9B | 0 | 0 | -468.29M | -693.64M | 164.47M | -456.48M | 1.87B | -2.29B | 476.62M | -74.82M | -293.62M | 572.04M | -303.44M | -3.22B | -178.58M | 66.09M | -23.37M | -88.67M | 57.48M | -15.92M | -159.79M | -270.53M | 286.67M | -454.07M | 124.26M | 248.77M | -375.23M |
| Pretax Income | 4.72B | 12.54B | 12.54B | 6.48B | 11.16B | 13.84B | 4.72B | 1.64B | 3.98B | 3.28B | 5.27B | 1.77B | 679.92M | 708.03M | 2.47B | 3.06B | 691.25M | 2.9B | 2.94B | 2.24B | 2.9B | 1.48B | 1.73B | 436.46M | 95.42M | -10.38M | 635.68M | -130.56M | 228.96M | 532.18M | -148.71M |
| Pretax Margin % | 8.93% | 37.26% | 37.26% | 15.73% | 20.61% | 24.88% | 13.15% | 4.79% | 11.17% | 11.43% | 19.15% | 7.07% | 2.53% | 2.91% | 8.29% | 10.46% | 2.81% | 1.15% | 8.35% | 9.32% | 12.79% | 11.48% | 30.56% | 15.72% | 4.52% | -0.47% | 29.61% | -5.21% | 10.33% | 24.43% | -9% |
| Income Tax | 2.02B | 2.06B | 2.06B | 1.31B | 3.3B | 4.39B | 1.92B | 3.28B | 675.03M | 2.08B | 926.04M | 1.24B | 162M | -281.57M | 71.08M | 109.84M | 86.31M | -7.31B | 1.04B | 619.46M | 586.88M | 189.51M | 329.32M | 139.59M | -22.66M | 25.65M | 186.79M | 7.91M | 12.9M | 125.17M | 12.33M |
| Effective Tax Rate % | 42.88% | 16.43% | 16.43% | 20.13% | 29.56% | 31.73% | 40.68% | 200.21% | 16.94% | 63.43% | 17.57% | 70.06% | 23.83% | -39.77% | 2.88% | 3.59% | 12.49% | -252.38% | 35.29% | 27.64% | 20.24% | 12.81% | 19.02% | 31.98% | -23.75% | -247.08% | 29.38% | -6.06% | 5.63% | 23.52% | -8.29% |
| Net Income | 2.7B | 10.49B | 10.49B | 5.19B | 7.86B | 9.44B | 2.8B | -1.64B | 3.52B | 1.2B | 2.88B | 901.3M | 1.2B | 1.52B | 2.42B | 2.86B | 903.54M | 16.61B | 1.9B | 1.53B | 2.1B | 1.27B | 1.4B | 292.04M | 118.08M | -36.03M | 445.6M | -108.8M | 204.77M | 407.01M | -161.03M |
| Net Margin % | 5.1% | 31.16% | 31.16% | 12.58% | 14.52% | 16.98% | 7.8% | -4.8% | 9.86% | 4.2% | 10.48% | 3.59% | 4.49% | 6.22% | 8.14% | 9.78% | 3.68% | 6.56% | 5.4% | 6.34% | 9.26% | 9.87% | 24.75% | 10.52% | 5.59% | -1.63% | 20.75% | -4.34% | 9.24% | 18.68% | -9.75% |
| Net Income Growth % | -73.9% | 0% | 102.24% | -34.05% | -16.75% | 237.51% | 270.64% | -146.64% | 192.08% | -58.27% | 220.07% | -25.11% | -20.64% | -37.43% | -15.32% | 216.8% | -94.56% | 773.84% | 24.53% | -27.35% | 65.06% | -9.22% | 380.02% | 147.33% | 427.73% | -108.09% | 509.55% | -153.13% | -49.69% | 352.75% | 67.51% |
| Net Income (Continuing) | 2.7B | 10.48B | 10.48B | 5.18B | 7.86B | 9.45B | 2.8B | -1.64B | 3.45B | 1.89B | 4.36B | -3.26B | 517.92M | 989.6M | 1.95B | 2.98B | 668.95M | -1.18B | 1.9B | 1.63B | 2.1B | 1.32B | 1.51B | 317.43M | 118.08M | -36.03M | 448.89M | -161.09M | 277.53M | 499.9M | -238.85M |
| Discontinued Operations | 0 | 0 | 0 | -2.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 29.18M | 19.04M | 25.11M | 27.24M | 37.65M | 2.01M | 1.81M | 1.31M | -323.37M | -113.74M | -105.19M | 464.61M | 740.8M | 1.33B | 1.94B | 2.18B | 1.78B | 33.21B | 3.12B | 2.39B | 2.17B | 1.8B | 310.97K | 246.2K | 238.96K | 192.77K | 26.61M | 24.73M | 23.38M | 22.83M | 18.49M |
| EPS (Diluted) | 17.58 | 63.21 | 69.18 | 31.26 | 51.00 | 61.23 | 18.12 | -10.56 | 21.54 | 7.26 | 17.79 | -7.41 | 7.32 | 9.21 | 12.48 | 17.43 | 5.64 | -1.95 | 11.10 | 9.81 | 15.48 | 9.90 | 11.76 | 0.96 | 1.20 | -0.21 | 6.48 | -0.69 | 3.06 | 109.17 | -7.29 |
| EPS Growth % | -81.71% | -8.63% | 121.31% | -38.71% | -16.71% | 237.91% | 271.59% | -149.03% | 196.69% | -59.19% | 340.08% | -201.23% | -20.52% | -26.2% | -28.4% | 209.04% | 389.23% | -117.57% | 13.15% | -36.63% | 56.36% | -15.82% | 1125% | -20% | 671.43% | -103.24% | 1039.13% | -122.55% | -97.2% | 1597.53% | 67.86% |
| EPS (Basic) | - | 63.21 | 69.18 | 31.26 | 51.00 | 61.23 | 18.12 | -10.56 | 21.54 | 7.26 | 17.79 | -7.41 | 7.32 | 9.21 | 12.48 | 17.43 | 5.64 | -1.95 | 11.10 | 9.81 | 15.48 | 9.90 | 11.76 | 0.96 | 1.20 | -0.21 | 6.48 | -0.69 | 3.06 | 109.17 | -7.29 |
| Diluted Shares Outstanding | 153.43M | 165.95M | 165.87M | 165.89M | 154.13M | 154.27M | 154.49M | 155.02M | 163.18M | 165.83M | 162.16M | 164.14M | 164.26M | 164.43M | 165.9M | 165.9M | 165.9M | 165.9M | 161.63M | 158.21M | 140.4M | 137.93M | 132.97M | 357.39M | 295.77M | 175.44M | 68.76M | 159.89M | 67.11M | 20.71M | 22.05M |
| Basic Shares Outstanding | 153.43M | 165.95M | 165.87M | 165.89M | 154.13M | 154.24M | 154.49M | 155.02M | 163.18M | 165.83M | 162.16M | 164.14M | 164.26M | 164.43M | 165.9M | 165.9M | 165.9M | 165.9M | 161.63M | 156.08M | 140.11M | 137.93M | 132.97M | 357.16M | 295.77M | 175.44M | 68.76M | 159.89M | 67.11M | 20.71M | 22.05M |
| Dividend Payout Ratio | - | - | - | - | - | - | 71.12% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Non-operating income dependency
As reported in recent financial filings, Grupo Simec's revenue growth has exhibited significant volatility, with a 3.2% increase in 2026Q1 following a 12.4% contraction in 2025Q3, suggesting that the company's top-line performance is highly sensitive to cyclical shifts in the North American automotive and construction sectors.
The inconsistent revenue trajectory reflects the company's reliance on transactional SBQ sales, which are prone to regional demand fluctuations. Investors should monitor whether the recent modest growth signals a stabilization in nearshoring-related demand or merely a temporary recovery from previous quarterly declines.
Based on the provided income statement data, Grupo Simec has maintained a gross margin averaging approximately 24% over the last ten quarters, which appears to demonstrate a robust ability to manage the metal spread between scrap input costs and finished steel pricing despite broader industry cyclicality.
This margin profile suggests that the company's specialized SBQ product focus provides a degree of pricing power that commodity-grade steel producers often lack. However, the sustainability of these margins warrants further investigation, as they remain vulnerable to potential increases in Mexican industrial energy tariffs.
According to historical income statements, Grupo Simec's net income frequently diverges from operating income, as evidenced by the 2024Q2 net margin of 47.4% compared to an operating margin of 17.4%, indicating that a substantial portion of bottom-line profitability is derived from non-operating financial gains.
The company's massive cash position generates significant interest income, which effectively masks the underlying operational performance of the steelmaking business. Analysts should adjust for these non-operating items to gain a clearer understanding of the core industrial profitability and its sensitivity to interest rate environments.
Based on reported figures, the accumulation of $28.6 billion in cash and equivalents, which nearly matches total annual revenue, suggests a potential for long-term value destruction as this capital remains largely idle rather than being deployed into strategic acquisitions or meaningful shareholder returns to improve ROE.
While the lack of debt provides an impenetrable balance sheet, the company's conservative capital allocation strategy may be viewed as a drag on shareholder value. Investors should consider whether management's reluctance to deploy this liquidity indicates a lack of viable growth opportunities or an overly cautious approach to capital management.
Quick answers to the most common questions about buying SIM stock.
For fiscal year 2025, Grupo Simec, S.A.B. de C.V. (SIM) reported total revenue of $33.66B. This represents a 1937.4% increase compared to $1.65B in 1995.
Grupo Simec, S.A.B. de C.V. (SIM) is profitable, generating $10.49B in net income for the fiscal year ending 2025 with a net profit margin of 31.2%.
Grupo Simec, S.A.B. de C.V. (SIM) reported an operating income of $5.30B, resulting in an operating profit margin of 15.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Grupo Simec, S.A.B. de C.V. (SIM) generated $7.62B in gross profit for the year, representing a gross profit margin of 22.7%. This demonstrates the company's core pricing power and production efficiency.