ABEV vs. FMX: A Head-to-Head Stock Comparison

Updated on August 23, 2025

Here’s a clear look at ABEV and FMX, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both ABEV and FMX are American Depositary Receipts (ADRs). This provides U.S. investors with straightforward access to investing in these foreign-listed companies.

Symbol	ABEV	FMX
Company Name	Ambev S.A.	Fomento Económico Mexicano, S.A.B. de C.V.
Country	Brazil	Mexico
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry	Beverages	Beverages
Market Capitalization	35.15 billion USD	177.99 billion USD
Exchange	NYSE	NYSE
Listing Date	March 5, 1997	May 11, 1998
Security Type	ADR	ADR

Historical Performance

This chart compares the performance of ABEV and FMX by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

ABEV vs. FMX: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	ABEV	FMX
5-Day Price Return	-0.41%	-0.38%
13-Week Price Return	-15.54%	-23.74%
26-Week Price Return	10.13%	-13.13%
52-Week Price Return	-7.37%	-24.29%
Month-to-Date Return	-3.13%	-6.52%
Year-to-Date Return	2.81%	-10.41%
10-Day Avg. Volume	30.93M	2.89M
3-Month Avg. Volume	28.81M	2.58M
3-Month Volatility	19.25%	19.09%
Beta	-0.11	0.83

Profitability

Return on Equity (TTM)

ABEV

15.38%

Beverages Industry

Max: 49.46%
Q3: 24.91%
Median: 11.13%
Q1: 5.27%
Min: -5.93%

ABEV’s Return on Equity of 15.38% is on par with the norm for the Beverages industry, indicating its profitability relative to shareholder equity is typical for the sector.

FMX

6.94%

Beverages Industry

Max: 49.46%
Q3: 24.91%
Median: 11.13%
Q1: 5.27%
Min: -5.93%

FMX’s Return on Equity of 6.94% is on par with the norm for the Beverages industry, indicating its profitability relative to shareholder equity is typical for the sector.

ABEV vs. FMX: A comparison of their Return on Equity (TTM) against the Beverages industry benchmark.

Net Profit Margin (TTM)

ABEV

16.08%

Beverages Industry

Max: 21.86%
Q3: 12.24%
Median: 8.70%
Q1: 5.33%
Min: -4.40%

A Net Profit Margin of 16.08% places ABEV in the upper quartile for the Beverages industry, signifying strong profitability and more effective cost management than most of its peers.

FMX

2.44%

Beverages Industry

Max: 21.86%
Q3: 12.24%
Median: 8.70%
Q1: 5.33%
Min: -4.40%

Falling into the lower quartile for the Beverages industry, FMX’s Net Profit Margin of 2.44% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

ABEV vs. FMX: A comparison of their Net Profit Margin (TTM) against the Beverages industry benchmark.

Operating Profit Margin (TTM)

ABEV

24.69%

Beverages Industry

Max: 29.32%
Q3: 18.25%
Median: 13.42%
Q1: 10.58%
Min: 0.71%

An Operating Profit Margin of 24.69% places ABEV in the upper quartile for the Beverages industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

FMX

8.00%

Beverages Industry

Max: 29.32%
Q3: 18.25%
Median: 13.42%
Q1: 10.58%
Min: 0.71%

FMX’s Operating Profit Margin of 8.00% is in the lower quartile for the Beverages industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.

ABEV vs. FMX: A comparison of their Operating Profit Margin (TTM) against the Beverages industry benchmark.

Profitability at a Glance

Symbol	ABEV	FMX
Return on Equity (TTM)	15.38%	6.94%
Return on Assets (TTM)	9.85%	2.34%
Net Profit Margin (TTM)	16.08%	2.44%
Operating Profit Margin (TTM)	24.69%	8.00%
Gross Profit Margin (TTM)	51.50%	41.29%

Financial Strength

Current Ratio (MRQ)

ABEV

1.11

Beverages Industry

Max: 3.38
Q3: 1.97
Median: 1.21
Q1: 0.86
Min: 0.53

ABEV’s Current Ratio of 1.11 aligns with the median group of the Beverages industry, indicating that its short-term liquidity is in line with its sector peers.

FMX

1.34

Beverages Industry

Max: 3.38
Q3: 1.97
Median: 1.21
Q1: 0.86
Min: 0.53

FMX’s Current Ratio of 1.34 aligns with the median group of the Beverages industry, indicating that its short-term liquidity is in line with its sector peers.

ABEV vs. FMX: A comparison of their Current Ratio (MRQ) against the Beverages industry benchmark.

Debt-to-Equity Ratio (MRQ)

ABEV

0.03

Beverages Industry

Max: 2.11
Q3: 1.23
Median: 0.79
Q1: 0.32
Min: 0.00

Falling into the lower quartile for the Beverages industry, ABEV’s Debt-to-Equity Ratio of 0.03 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

FMX

1.09

Beverages Industry

Max: 2.11
Q3: 1.23
Median: 0.79
Q1: 0.32
Min: 0.00

FMX’s Debt-to-Equity Ratio of 1.09 is typical for the Beverages industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ABEV vs. FMX: A comparison of their Debt-to-Equity Ratio (MRQ) against the Beverages industry benchmark.

Interest Coverage Ratio (TTM)

ABEV

5.64

Beverages Industry

Max: 78.96
Q3: 40.67
Median: 9.62
Q1: 3.59
Min: 0.81

ABEV’s Interest Coverage Ratio of 5.64 is positioned comfortably within the norm for the Beverages industry, indicating a standard and healthy capacity to cover its interest payments.

FMX

3.86

Beverages Industry

Max: 78.96
Q3: 40.67
Median: 9.62
Q1: 3.59
Min: 0.81

FMX’s Interest Coverage Ratio of 3.86 is positioned comfortably within the norm for the Beverages industry, indicating a standard and healthy capacity to cover its interest payments.

ABEV vs. FMX: A comparison of their Interest Coverage Ratio (TTM) against the Beverages industry benchmark.

Financial Strength at a Glance

Symbol	ABEV	FMX
Current Ratio (MRQ)	1.11	1.34
Quick Ratio (MRQ)	0.78	1.06
Debt-to-Equity Ratio (MRQ)	0.03	1.09
Interest Coverage Ratio (TTM)	5.64	3.86

Growth

Revenue Growth

ABEV vs. FMX: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

ABEV vs. FMX: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

ABEV

6.65%

Beverages Industry

Max: 6.93%
Q3: 4.51%
Median: 3.09%
Q1: 2.03%
Min: 0.00%

With a Dividend Yield of 6.65%, ABEV offers a more attractive income stream than most of its peers in the Beverages industry, signaling a strong commitment to shareholder returns.

FMX

6.14%

Beverages Industry

Max: 6.93%
Q3: 4.51%
Median: 3.09%
Q1: 2.03%
Min: 0.00%

With a Dividend Yield of 6.14%, FMX offers a more attractive income stream than most of its peers in the Beverages industry, signaling a strong commitment to shareholder returns.

ABEV vs. FMX: A comparison of their Dividend Yield (TTM) against the Beverages industry benchmark.

Dividend Payout Ratio (TTM)

ABEV

85.75%

Beverages Industry

Max: 143.36%
Q3: 99.22%
Median: 67.03%
Q1: 40.31%
Min: 0.00%

ABEV’s Dividend Payout Ratio of 85.75% is within the typical range for the Beverages industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

FMX

188.65%

Beverages Industry

Max: 143.36%
Q3: 99.22%
Median: 67.03%
Q1: 40.31%
Min: 0.00%

At 188.65%, FMX’s Dividend Payout Ratio is exceptionally high, exceeding the typical range for the Beverages industry. While this provides a significant return to shareholders, it may limit funds for reinvestment and could be difficult to sustain.

ABEV vs. FMX: A comparison of their Dividend Payout Ratio (TTM) against the Beverages industry benchmark.

Dividend at a Glance

Symbol	ABEV	FMX
Dividend Yield (TTM)	6.65%	6.14%
Dividend Payout Ratio (TTM)	85.75%	188.65%

Valuation

Price-to-Earnings Ratio (TTM)

ABEV

12.89

Beverages Industry

Max: 41.48
Q3: 28.35
Median: 19.09
Q1: 15.36
Min: 3.14

In the lower quartile for the Beverages industry, ABEV’s P/E Ratio of 12.89 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.

FMX

30.72

Beverages Industry

Max: 41.48
Q3: 28.35
Median: 19.09
Q1: 15.36
Min: 3.14

A P/E Ratio of 30.72 places FMX in the upper quartile for the Beverages industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

ABEV vs. FMX: A comparison of their Price-to-Earnings Ratio (TTM) against the Beverages industry benchmark.

Price-to-Sales Ratio (TTM)

ABEV

2.07

Beverages Industry

Max: 3.90
Q3: 2.38
Median: 1.54
Q1: 0.84
Min: 0.41

ABEV’s P/S Ratio of 2.07 aligns with the market consensus for the Beverages industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

FMX

0.75

Beverages Industry

Max: 3.90
Q3: 2.38
Median: 1.54
Q1: 0.84
Min: 0.41

In the lower quartile for the Beverages industry, FMX’s P/S Ratio of 0.75 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

ABEV vs. FMX: A comparison of their Price-to-Sales Ratio (TTM) against the Beverages industry benchmark.

Price-to-Book Ratio (MRQ)

ABEV

2.27

Beverages Industry

Max: 6.29
Q3: 3.58
Median: 2.19
Q1: 1.68
Min: 0.91

ABEV’s P/B Ratio of 2.27 is within the conventional range for the Beverages industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

FMX

2.54

Beverages Industry

Max: 6.29
Q3: 3.58
Median: 2.19
Q1: 1.68
Min: 0.91

FMX’s P/B Ratio of 2.54 is within the conventional range for the Beverages industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

ABEV vs. FMX: A comparison of their Price-to-Book Ratio (MRQ) against the Beverages industry benchmark.

Valuation at a Glance

Symbol	ABEV	FMX
Price-to-Earnings Ratio (TTM)	12.89	30.72
Price-to-Sales Ratio (TTM)	2.07	0.75
Price-to-Book Ratio (MRQ)	2.27	2.54
Price-to-Free Cash Flow Ratio (TTM)	8.78	27.94