Grupo Financiero Banorte S.A.B. de C.V. | Large-cap | Financial Services

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue -615.5M
Net Income -43.5M

Balance Sheet Metrics

Total Assets 114.6B
Total Liabilities 103.2B
Shareholders Equity 11.4B
Debt to Equity 9.04

Cash Flow Metrics

Operating Cash Flow 1.6B
Free Cash Flow 1.8B

Revenue & Profitability Trend

Grupo Financiero Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i10.0B194.9B179.5B161.0B143.7B
Cost of Goods Sold i-----
Gross Profit i-----
Gross Margin % i0.0%0.0%0.0%0.0%0.0%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i586.7M48.6B10.8B12.2B12.0B
Other Operating Expenses i1.9B31.6B37.6B39.7B23.5B
Total Operating Expenses i2.5B80.1B48.5B51.9B35.6B
Operating Income i-----
Operating Margin % i0.0%0.0%0.0%0.0%0.0%
Non-Operating Items
Interest Income i-----
Interest Expense i-----
Other Non-Operating Income-----
Pre-tax Income i3.4B71.0B62.0B46.1B40.9B
Income Tax i868.6M17.8B16.0B10.6B10.0B
Effective Tax Rate % i25.4%25.1%25.8%22.9%24.5%
Net Income i2.6B53.1B46.0B35.5B30.9B
Net Margin % i25.6%27.3%25.6%22.1%21.5%
Key Metrics
EBITDA i-----
EPS (Basic) i€19.72€18.00€16.11€12.23€10.70
EPS (Diluted) i€19.72€18.00€16.11€12.15€10.58
Basic Shares Outstanding i12938866361718679536597314669436075965922860429240713
Diluted Shares Outstanding i12938866361718679536597314669436075965922860429240713

Income Statement Trend

Grupo Financiero Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i4.5B100.2B108.3B98.8B109.3B
Short-term Investments i-----
Accounts Receivable i-----
Inventory i-----
Other Current Assets-----
Total Current Assets i-----
Non-Current Assets
Property, Plant & Equipment i772.7M18.9B20.8B10.4B9.2B
Goodwill i3.2B70.9B71.6B53.5B53.4B
Intangible Assets i676.5M17.3B18.1B--
Long-term Investments-----
Other Non-Current Assets-----
Total Non-Current Assets i-----
Total Assets i112.2B----
Liabilities
Current Liabilities
Accounts Payable i1.8B32.9B29.3B13.4B11.8B
Short-term Debt i-----
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i-----
Non-Current Liabilities
Long-term Debt i7.5B130.5B125.5B140.5B140.1B
Deferred Tax Liabilities i-----
Other Non-Current Liabilities-----
Total Non-Current Liabilities i-----
Total Liabilities i100.9B----
Equity
Common Stock i668.0M15.0B15.0B15.0B14.9B
Retained Earnings i7.7B155.9B145.2B165.1B149.3B
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i11.3B249.2B239.0B237.2B225.1B
Key Metrics
Total Debt i7.5B130.5B125.5B140.5B140.1B
Working Capital i00000

Balance Sheet Composition

Grupo Financiero Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i3.4B71.0B62.0B35.0B30.5B
Depreciation & Amortization i-----
Stock-Based Compensation i-----
Working Capital Changes i1.0B27.0B21.2B13.4B15.0B
Operating Cash Flow i4.8B103.7B86.6B48.5B45.5B
Investing Activities
Capital Expenditures i-243.7M-5.1B-10.8B-3.0B-4.6B
Acquisitions i-136.2K-94.0M-914.0M4.0M-139.0M
Investment Purchases i00---
Investment Sales i00---
Investing Cash Flow i-243.9M-5.2B-11.7B-3.0B-4.7B
Financing Activities
Share Repurchases i-751.1M-4.0B-5.8B0-2.1B
Dividends Paid i-1.6B-37.7B-34.3B-16.8B-
Debt Issuance i00---
Debt Repayment i00---
Financing Cash Flow i-1.1B-54.8B-55.8B-16.8B-2.1B
Free Cash Flow i899.6M42.8B64.8B6.6B47.3B
Net Change in Cash i3.4B43.7B19.1B28.7B38.7B

Cash Flow Trend

Grupo Financiero Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 8.37
Price to Book 0.07
Price to Sales 0.16

Profitability Ratios

Profit Margin 43.15%
Operating Margin 56.80%
Return on Equity 23.34%
Return on Assets 2.32%

Financial Health

Debt to Equity 2.66
Beta 0.30

Per Share Data

EPS (TTM) €0.92
Book Value per Share €106.26
Revenue per Share €47.95

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
xnor21.5B8.370.0723.34%43.15%2.66
CaixaBank S.A 61.9B10.861.6616.65%39.77%1.56
Bankinter S.A 11.9B11.901.8216.57%37.03%1.85
Unicaja Banco S.A 6.3B10.190.909.05%30.95%1.39
Banco BBVA Argentina 0-0.0011.50%12.06%-
Banco Santander S.A 122.7B10.071.2513.61%26.61%3.37

Financial data is updated regularly. All figures are in the company's reporting currency.