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FMX (Fomento Economico MexicanoB de CV) Gross Margin % : 40.34% (As of Sep. 2024)


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What is Fomento Economico MexicanoB de CV Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Fomento Economico MexicanoB de CV's Gross Profit for the three months ended in Sep. 2024 was $4,031 Mil. Fomento Economico MexicanoB de CV's Revenue for the three months ended in Sep. 2024 was $9,993 Mil. Therefore, Fomento Economico MexicanoB de CV's Gross Margin % for the quarter that ended in Sep. 2024 was 40.34%.


The historical rank and industry rank for Fomento Economico MexicanoB de CV's Gross Margin % or its related term are showing as below:

FMX' s Gross Margin % Range Over the Past 10 Years
Min: 36.84   Med: 39   Max: 41.82
Current: 40.89


During the past 13 years, the highest Gross Margin % of Fomento Economico MexicanoB de CV was 41.82%. The lowest was 36.84%. And the median was 39.00%.

FMX's Gross Margin % is ranked better than
54.07% of 209 companies
in the Beverages - Alcoholic industry
Industry Median: 39.6 vs FMX: 40.89

Fomento Economico MexicanoB de CV had a gross margin of 40.34% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Fomento Economico MexicanoB de CV was 1.70% per year.


Fomento Economico MexicanoB de CV Gross Margin % Historical Data

The historical data trend for Fomento Economico MexicanoB de CV's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fomento Economico MexicanoB de CV Gross Margin % Chart

Fomento Economico MexicanoB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.79 38.47 40.79 40.45 39.78

Fomento Economico MexicanoB de CV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.97 42.29 39.41 41.48 40.34

Competitive Comparison of Fomento Economico MexicanoB de CV's Gross Margin %

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fomento Economico MexicanoB de CV's Gross Margin % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Gross Margin % falls into.



Fomento Economico MexicanoB de CV Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Fomento Economico MexicanoB de CV's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=16466.5 / 41397.533
=(Revenue - Cost of Goods Sold) / Revenue
=(41397.533 - 24931.001) / 41397.533
=39.78 %

Fomento Economico MexicanoB de CV's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=4030.8 / 9993.296
=(Revenue - Cost of Goods Sold) / Revenue
=(9993.296 - 5962.479) / 9993.296
=40.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Fomento Economico MexicanoB de CV  (NYSE:FMX) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Fomento Economico MexicanoB de CV had a gross margin of 40.34% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Fomento Economico MexicanoB de CV Gross Margin % Related Terms

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Fomento Economico MexicanoB de CV Business Description

Address
General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 75% of total company revenue and around 90% of profits in 2023.