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Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

GAPB.MX
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.MX flagMexican Stock Exchange
355.95
MXN
+4.71
- -
184.82BMarket Cap
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
GAPB.MX
(Mexican Stock Exchange)

Recent

price

355.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.83
9.18
9.32
9.86
10.55
15.42
21.13
23.53
26.87
30.87
22.58
37.12
54.19
65.75
66.53
81.95
78.72
Revenue per Share
2.69
3
3.34
4.24
4.27
5.19
6.24
8.85
9.58
10.2
3.75
11.71
17.84
18.89
17.04
18.93
19.17
Basic EPS, GAAP
3
1.86
3.17
4.3
5.4
7.19
7.2
8.08
8.91
10.63
0.77
12
8.09
6.91
17.47
11.58
8.65
Free Cash Flow per Basic Share
1.79
1.92
3.77
2.28
5.9
6
7.4
9.05
10
11.45
- -
11.74
14.47
14.84
13.86
16.84
8.33
Dividend per Share
39.01
38.65
38.24
39.59
40.5
40.48
40.59
40.01
39.4
37.35
41.46
37.65
36.89
39.15
44.22
44.47
88.5
Book Value per Share
9.4
8.62
8.19
9.84
9.14
0.17
-2.93
-4.13
-5.93
-8.78
-7.42
-17.78
-24.59
-38.5
-54.14
-66.68
-45.46
Tangible Book Value per Share
558
538
531
530
526
526
526
526
526
526
526
512
505
505
505
505
535
Basic Weighted Avg Shares
4,374
4,939
4,945
5,228
5,546
8,107
11,108
12,366
14,123
16,226
11,866
19,015
27,380
33,224
33,614
41,409
42,131
Sales/Revenue/Turnover
35.65
37.31
42.77
45.25
49.07
47.67
47.13
50.12
50.78
49.42
32.08
46.54
50.36
45.52
44.46
42.25
43.31
Operating Margin (%)
880
743
827
883
925
1,156
1,348
1,444
1,570
1,776
2,000
2,051
2,313
2,546
3,061
3,752
3,807
Depreciation Expense
1,500
1,612
1,772
2,246
2,243
2,726
3,282
4,649
5,037
5,360
1,969
5,997
9,013
9,543
8,612
9,565
10,257
Net Income, GAAP
- -
13.97
15.6
3.26
18.66
23.42
27.41
23.34
26.67
25.75
19.58
22.81
25.17
24.07
26.74
29.14
28.11
Effective Tax Rate (%)
34.3
32.63
35.84
42.97
40.43
33.63
29.55
37.6
35.67
33.03
16.59
31.54
32.92
28.72
25.62
23.1
24.35
Profit Margin (%)
2,119
1,823
1,326
1,660
480
-1,272
4,057
6,685
5,668
4,691
11,583
7,035
8,592
1,624
-2,993
-1,420
-4,849
Working Capital
1,043
1,612
1,457
1,217
741
3,021
9,730
13,111
13,570
14,262
21,711
23,943
32,135
32,777
34,028
44,050
52,732
LT Debt
21,882
21,681
21,453
22,213
21,286
22,156
22,405
22,077
21,772
20,669
22,853
20,429
19,828
20,945
24,622
24,836
55,264
Total Equity
- -
6.79
7.62
9.66
9.4
11.39
12.32
13.82
14.6
16.14
7.19
14.04
19.6
19.52
16.03
16.11
18.41
Return on Invested Capital (%)
- -
7.22
7.88
9.92
9.76
10.96
11.39
14.89
15.83
16.89
7.43
15.11
20.71
20.65
16.83
16.24
14.45
Return on Capital (%)
6.17
7.4
8.22
10.29
10.31
12.81
15.41
21.95
24.14
26.58
9.51
29.2
47.53
49.68
40.89
42.69
28.76
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9,043
- -
12,936
LT Borrowings
43,972
- -
52,732
LT Finance Leases
78
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
505
505
595
Market Capitalization
237,996
223,045
263,153

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,224
27,823
25,066
Cash, Cash Equivalents & STI
10,453
23,185
19,774
Accounts Receivable, Net
3,492
3,410
3,374
Inventories
- -
- -
- -
Total Current Liabilities
16,644
18,607
29,914
Payables & Accruals
7,293
- -
15,177
ST Debt
9,043
- -
12,936
Deferred Revenue
99
- -
373

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.43%
2.1%
0.87%
Free Cash Flow
143.31%
296.77%
-33.71%
Net Income, GAAP
27.56%
52.42%
11.07%
Sales/Revenue/Turnover
20.05%
29.99%
23.19%
Total Cash Common Dividend
- -
7.79%
21.5%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,495
7,259
8,233
9,628
33,614
2025
11,055
10,882
9,577
9,895
41,409
2026
11,370
11,290
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.89
4.46
3.92
3.77
17.04
2025
5.66
5.25
- -
2.68
18.93
2026
6.55
4.86
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.13
- -
13.86
13.86
2025
- -
8.72
- -
- -
16.84
2026
- -
0.34
- -
- -
- -
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Business
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates, maintains, and develops 12 airports in central and northwestern Mexico, including Guadalajara International Airport, Tijuana International Airport, Los Cabos International Airport, Puerto Vallarta International Airport, Bajío International Airport, Hermosillo International Airport, Morelia International Airport, La Paz International Airport, Mexicali International Airport, Aguascalientes International Airport, Los Mochis International Airport, and Manzanillo International Airport, as well as the Sangster International Airport (Montego Bay) in Jamaica; the company generates revenue primarily from aeronautical services such as passenger fees, landing fees, and aircraft parking, alongside non-aeronautical sources including retail concessions, food and beverage outlets, parking via Puerta Cero Parking S.A. de C.V., duty-free shops like Aeroshop, and VIP lounges. Headquartered in Guadalajara, Mexico, and founded in 1998, GAP trades on the Mexican Stock Exchange under ticker GAPB and on the New York Stock Exchange as PAC; it serves major urban centers, tourist destinations, and cross-border traffic, handling over 55 million passengers annually in Mexico and 7 million in Jamaica across its network. The company operates through segments including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Montego Bay, and others, with subsidiaries providing technical assistance via Servicios a la Infraestructura Aeroportuaria del Pacífico S.A. de C.V., operational services through Corporativo de Servicios Aeroportuarios S.A. de C.V., and parking management. In late 2025, GAP advances its "GAP 2.0" strategic initiative through a proposed $2.2 billion business combination to internalize technical assistance services and fully acquire Cross Border Xpress (CBX), a key cross-border terminal boosting Tijuana traffic; it evaluates acquisitions like Motiva Airports and participates in the Turks and Caicos tender, while launching eight new international routes to Canada and a Los Cabos-Panama connection, alongside refinancing efforts including an $8.5 billion peso bond issuance and a $40 million USD credit extension to 2030.