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Grupo Carso, S.A.B. de C.V.

Grupo Carso, S.A.B. de C.V.

GCARSOA1.MX
Grupo Carso, S.A.B. de C.V.MX flagMexican Stock Exchange
127.55
MXN
-0.88
- -
287.36BMarket Cap
Grupo Carso, S.A.B. de C.V.
GCARSOA1.MX
(Mexican Stock Exchange)

Recent

price

127.55

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
27.77
34.45
36.38
37.5
35.98
38.67
41.96
41.27
42.36
44.93
41.6
54.93
80.63
85.86
87.77
84.99
94.75
Revenue per Share
3.26
1.88
3.34
6.08
2.48
2.72
4.2
4.42
4.02
3.31
2.51
4.98
8.47
6
6.41
3.89
5.35
Basic EPS, GAAP
1.65
1.77
2.57
1.13
2.6
1.1
-0.62
2.26
2.35
1.93
2.59
0.3
4.84
3.14
7.82
7.14
8.58
Free Cash Flow per Basic Share
0.72
0.55
1.14
5.03
0.98
1.17
1.43
0.67
1.22
1.25
0.35
1.05
1.12
0.8
1.79
2.25
0.87
Dividend per Share
13.88
15.19
16.52
20.88
22.42
23.8
26.96
30.25
33.1
35.43
37.91
41.76
47.99
52.62
57.37
59.54
62.72
Book Value per Share
17.12
18.85
18.15
24.6
26.28
27.72
31.26
34.92
39.96
40.85
43.61
49.26
55.72
60.01
67.65
70.66
74.46
Tangible Book Value per Share
2,312
2,299
2,290
2,290
2,290
2,281
2,269
2,268
2,282
2,281
2,276
2,268
2,252
2,253
2,256
2,255
2,077
Basic Weighted Avg Shares
64,196
79,203
83,316
85,871
82,388
88,224
95,188
93,593
96,640
102,478
94,684
124,573
181,539
193,414
198,035
191,627
196,769
Sales/Revenue/Turnover
10.6
9.25
10.83
10.92
11.32
12.69
13.34
13.81
13.04
12.24
11.06
11.3
13.11
13.45
11.72
9.91
10.5
Operating Margin (%)
1,316
1,392
1,432
1,632
1,742
1,843
2,094
3,152
3,155
3,281
3,443
3,476
5,034
5,435
6,810
7,461
7,626
Depreciation Expense
7,540
4,322
7,641
13,929
5,685
6,196
9,525
10,025
9,170
7,547
5,706
11,282
19,062
13,519
14,457
8,775
11,104
Net Income, GAAP
28.33
29.11
26.2
19.92
28.3
29.72
30.85
22.57
12.44
25.84
29.05
17.44
15.28
29.33
29.35
17.19
27.37
Effective Tax Rate (%)
11.75
5.46
9.17
16.22
6.9
7.02
10.01
10.71
9.49
7.36
6.03
9.06
10.5
6.99
7.3
4.58
5.64
Profit Margin (%)
-2,929
11,516
13,187
27,877
27,312
27,411
15,284
23,612
29,329
31,237
29,664
33,583
33,076
44,294
57,044
48,479
51,645
Working Capital
142
117
5,044
5,733
5,000
5,000
5,694
13,621
18,419
17,544
25,374
23,502
31,779
30,823
39,608
25,521
31,927
LT Debt
39,951
43,764
41,881
56,641
61,185
63,794
71,580
79,951
92,386
94,645
100,715
114,075
134,854
144,156
162,016
166,987
161,024
Total Equity
7.18
8.77
12.12
12.43
10.02
11.31
10.96
10.73
10.57
8.27
6.12
8.42
11.98
9.47
7.83
7.23
6.88
Return on Invested Capital (%)
11.75
7.33
14.1
22.3
7.45
7.49
10.27
10.38
8.99
7.12
5.65
8.98
13.67
9.66
8.54
4.53
5.81
Return on Capital (%)
18.86
12.9
21
32.53
11.47
11.73
16.5
15.45
12.73
9.66
6.83
12.47
18.8
11.93
11.66
6.66
8.78
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
14,547
14,840
19,076
LT Borrowings
35,282
34,705
27,524
LT Finance Leases
4,326
4,619
4,403
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,255
2,255
2,255
Market Capitalization
231,824
239,362
277,789

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
122,483
120,438
114,556
Cash, Cash Equivalents & STI
16,242
13,693
16,109
Accounts Receivable, Net
27,838
55,629
56,951
Inventories
31,275
31,083
30,574
Total Current Liabilities
65,439
61,260
62,911
Payables & Accruals
- -
- -
- -
ST Debt
14,547
14,840
19,076
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.21%
10.77%
3.07%
Free Cash Flow
93.5%
307.12%
-8.7%
Net Income, GAAP
11.36%
21.04%
-39.31%
Sales/Revenue/Turnover
9.09%
16.6%
-3.24%
Total Cash Common Dividend
30.87%
65.54%
25.93%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
46,071
47,111
48,319
57,572
198,035
2025
44,508
46,369
54,862
- -
191,627
2026
44,107
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.34
2.35
1.63
1.94
6.41
2025
0.72
1.19
1.7
- -
3.89
2026
0.85
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.96
0.01
0.91
1.79
2025
- -
- -
1.08
- -
2.25
2026
0.03
- -
- -
- -
- -
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Business
Grupo Carso SAB de CV is a Mexican conglomerate that operates in industrial manufacturing, commercial retail, infrastructure and construction, and energy sectors. The company offers cables including electrical, telephony, electronic, coaxial, fiber optics for mining and automotive applications; automotive electrical harnesses; precision steel tubing; power transformers; and alternative energy solutions through brands such as Condumex, Latincasa, Vinanel, Condulac, IEM, Precitubo, Sitcom, Microm, Sinergia, Equiter and Logtec in its industrial and manufacturing division; department stores, boutiques, cosmetics stores under DAX, electronics and music stores via iShop and Mixup, restaurants, coffee shops and general merchandise through Sanborns and Sears Mexico in its commercial division; engineering, procurement and construction services for roads, tunnels, water treatment plants, petroleum platforms, oil and geothermal wells drilling, shopping centers, industrial plants, office buildings, housing, telecommunications facilities, gas pipelines and aqueducts via subsidiaries including CICSA, Swecomex, Bronco Drilling, Cilsa, GSM, PC Construcciones and Urvitec in its infrastructure and construction division; and exploration, production and transportation of oil, gas, hydrocarbons and electricity through Carso Energy, Carso Oil & Gas and Carso Electric. Founded in 1980 and headquartered in Mexico City, the company maintains primary operations in Mexico with additional presence in Latin America and pursues opportunities in energy reforms across the region. Recent developments include the June 2024 acquisition of 100% of Petrobal through subsidiary Zamajal to expand offshore oil and gas interests in Contract Area 4 off Campeche; a September 2025 contract award for the construction and design of 111 km of the Saltillo-Nuevo Laredo Passenger Train segments 13-14; an agreement with Talos Energy in 2024-2025 to acquire an additional 17.4% stake in the Zama oil field; a September 2025 $1.99 billion Pemex contract to drill 32 wells at the Ixachi gas and condensate field; and ongoing feasibility reviews for a deepwater gas field project with Pemex announced in October 2025.