Mexican Economic Development (FMX) Gross Margin (2009 - 2025)
Mexican Economic Development's (FMX) quarterly Gross Margin came in at 41.54% in Q4 2025, up 133.0% year-on-year from 17.83% in Q4 2024, and up 4.02% on a QoQ basis from 39.93% in Q3 2025.
Mexican Economic Development (FMX) Gross Margin (2009 - 2025) Analysis & Trends
Mexican Economic Development (FMX) has 17 years of Gross Margin data on file, last reported at 41.54% in Q4 2025.
- On a quarterly basis, Gross Margin rose 133.0% year-over-year to 41.54% in Q4 2025; TTM through Dec 2025 was 40.32%, a 10.0% increase from a year earlier, with the FY2025 full-year figure at 40.62%, down 52.0% from the prior year.
- Gross Margin for Q4 2025 stood at 41.54%, up from 39.93% in the prior quarter.
- Over the last five years, Gross Margin for FMX reached as high as 44.58% in Q1 2021 and fell as low as 120.9% in Q1 2021.
- Historically, Gross Margin has averaged 29.91% across 5 years, with a median of 38.97% in 2023.
- Across the five-year window, Gross Margin slumped 4458 bps in 2022 and jumped 3722 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 38.0% in 2021, then grew by 4 bps to 39.58% in 2022, then slipped by 2 bps to 38.89% in 2023, then advanced by 3 bps to 40.21% in 2024, then gained by 3 bps to 41.54% in 2025.
- Per Business Quant data, the three most recent Gross Margin figures were 41.54% in Q4 2025, 39.93% in Q3 2025, and 40.65% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,330.57 Bn | 3,689.35 Bn | 387.52 Bn | 47.29% |
| 2 | Mexican Economic Development | 1,197.42 Bn | 1,191.27 Bn | - | - |
| 3 | Anheuser-Busch InBev | 166.02 Bn | 153.80 Bn | 8.61 Bn | 55.37% |
| 4 | Ambev | 49.20 Bn | 45.43 Bn | 2.42 Bn | 52.63% |
| 5 | Constellation Brands | 23.03 Bn | 22.93 Bn | 1.32 Bn | 50.98% |
| 6 | Molson Coors Beverage | 8.13 Bn | 7.74 Bn | 897.20 Mn | 244.60% |
| 7 | Boston Beer | 1.95 Bn | 1.69 Bn | 286.37 Mn | 47.12% |
| 8 | NFiniTi | 720.00 Mn | 719.98 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 41.54% |
| Sep 30, 2025 | 39.93% |
| Jun 30, 2025 | 40.65% |
| Mar 31, 2025 | 40.30% |
| Dec 31, 2024 | 40.21% |
| Sep 30, 2024 | 40.34% |
| Jun 30, 2024 | 41.48% |
| Mar 31, 2024 | 38.66% |
| Dec 31, 2023 | 38.89% |
| Sep 30, 2023 | 38.97% |
| Jun 30, 2023 | 37.62% |
| Mar 31, 2023 | 37.23% |
| Dec 31, 2022 | 39.58% |
| Sep 30, 2022 | 37.42% |
| Jun 30, 2022 | 37.07% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 38.00% |
| Sep 30, 2021 | 37.27% |
| Jun 30, 2021 | 39.30% |
| Mar 31, 2021 | 44.58% |