FMX vs. HRL: Fomento Económico Mexicano vs. Hormel Foods Stock Comparison

November 11, 2026

How do Fomento Económico Mexicano (FMX) and Hormel Foods (HRL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Fomento Económico Mexicano (FMX) and Hormel Foods (HRL) both fall under the Food, Beverage & Tobacco industry group, but FMX is classified in Beverages while HRL is classified in Food Products.

Hormel Foods (HRL) trades as ordinary local shares, while Fomento Económico Mexicano (FMX) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Profile Item	FMX	HRL
Name	Fomento Economico Mexicano S.A.B. de C.V. ADR	Hormel Foods Corporation
Country/Region	Mexico	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Food Products
GICS Sub-Industry	Soft Drinks & Non-alcoholic Beverages	Packaged Foods & Meats
Market Capitalization	44.24 billion USD	12.08 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 11, 1998	March 17, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

FMX

HRL

GSPC

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Metric	FMX	HRL
Total Return (1Y)	42.35%	6.06%
Total Return (3Y, Annualized)	7.41%	-8.11%
Total Return (5Y, Annualized)	13.51%	-9.33%

Risk Profile

Drawdown History

FMX

HRL

GSPC

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Metric	FMX	HRL
Volatility (1Y, Annualized)	24.53%	29.42%
Beta (5Y)	0.41	0.25
Max Drawdown (5Y)	-41.28%	-59.13%
Avg. Volume (3M)	526.12K	5.23M

Risk-Adjusted Performance

Risk-Return Positioning

FMX and HRL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Metric	FMX	HRL
Sharpe Ratio (1Y)	1.55	0.06
Sortino Ratio (1Y)	2.44	0.09

Profitability

ROE (TTM)

Both Fomento Económico Mexicano (FMX) at 14.96% and Hormel Foods (HRL) at 4.29% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

FMX

Food, Beverage & Tobacco industry group

14.96%

Max: 32.02%
Q3: 16.61%
FMX: 14.96%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

HRL

Food, Beverage & Tobacco industry group

4.29%

Max: 32.02%
Q3: 16.61%
Median: 10.05%
HRL: 4.29%
Q1: 4.10%
Min: -10.50%

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Both Fomento Económico Mexicano (FMX) at 3.99% and Hormel Foods (HRL) at 2.82% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FMX

Food, Beverage & Tobacco industry group

3.99%

Max: 24.83%
Q3: 11.22%
Median: 5.94%
FMX: 3.99%
Q1: 2.05%
Min: -11.49%

HRL

Food, Beverage & Tobacco industry group

2.82%

Max: 24.83%
Q3: 11.22%
Median: 5.94%
HRL: 2.82%
Q1: 2.05%
Min: -11.49%

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both Fomento Económico Mexicano (FMX) at 8.17% and Hormel Foods (HRL) at 8.62% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FMX

Food, Beverage & Tobacco industry group

8.17%

Max: 34.91%
Q3: 17.57%
Median: 11.06%
FMX: 8.17%
Q1: 4.15%
Min: -15.06%

HRL

Food, Beverage & Tobacco industry group

8.62%

Max: 34.91%
Q3: 17.57%
Median: 11.06%
HRL: 8.62%
Q1: 4.15%
Min: -15.06%

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Metric	FMX	HRL
ROE (TTM)	14.96%	4.29%
ROA (TTM)	6.56%	4.63%
Net Margin (TTM)	3.99%	2.82%
Operating Margin (TTM)	8.17%	8.62%
Gross Margin (TTM)	40.49%	15.74%

Growth

Revenue Growth

Both Fomento Económico Mexicano (FMX) at 7.60% and Hormel Foods (HRL) at 1.56% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Hormel Foods (HRL) at -40.82% is around its peer norm for EPS growth, while Fomento Económico Mexicano (FMX) at -49.50% drops into the bottom quartile, signaling weaker earnings momentum.

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Metric	FMX	HRL
Revenue Growth (YoY)	7.60%	1.56%
Revenue Growth (3Y CAGR)	12.10%	-0.95%
EPS Growth (YoY)	-49.50%	-40.82%
EPS Growth (3Y CAGR)	-6.47%	-21.81%

Financial Strength

Current Ratio (MRQ)

Both Fomento Económico Mexicano (FMX) at 1.15 and Hormel Foods (HRL) at 1.88 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FMX

Food, Beverage & Tobacco industry group

1.15

Max: 4.01
Q3: 2.35
Median: 1.53
FMX: 1.15
Q1: 1.02
Min: 0.33

HRL

Food, Beverage & Tobacco industry group

1.88

Max: 4.01
Q3: 2.35
HRL: 1.88
Median: 1.53
Q1: 1.02
Min: 0.33

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Both Fomento Económico Mexicano (FMX) at 0.82 and Hormel Foods (HRL) at 0.36 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FMX

Food, Beverage & Tobacco industry group

0.82

Max: 2.19
Q3: 1.11
FMX: 0.82
Median: 0.68
Q1: 0.33
Min: 0.00

HRL

Food, Beverage & Tobacco industry group

0.36

Max: 2.19
Q3: 1.11
Median: 0.68
HRL: 0.36
Q1: 0.33
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Metric	FMX	HRL
Current Ratio (MRQ)	1.15	1.88
Debt / Equity (MRQ)	0.82	0.36
Net Debt / EBITDA	1.34	1.57

Dividends

Dividend Yield (TTM)

Fomento Económico Mexicano (FMX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Hormel Foods (HRL) reports a yield of 5.17%, ranking against industry peers normally.

FMX

Food, Beverage & Tobacco industry group

0.00%

Max: 9.38%
Q3: 3.77%
Median: 1.76%
FMX: 0.00%
Q1: 0.00%
Min: 0.00%

HRL

Food, Beverage & Tobacco industry group

5.17%

Max: 9.38%
HRL: 5.17%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Hormel Foods (HRL) reports payout ratio above 100% at 188.31%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Fomento Económico Mexicano (FMX) reports 39.05%, ranking against industry peers normally.

FMX

Food, Beverage & Tobacco industry group

39.05%

Max: 199.19%
Q3: 81.03%
Median: 41.52%
FMX: 39.05%
Q1: 0.00%
Min: 0.00%

HRL

Food, Beverage & Tobacco industry group

188.31%

Max: 199.19%
HRL: 188.31%
Q3: 81.03%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Metric	FMX	HRL
Dividend Yield (TTM)	0.00%	5.17%
Dividend Payout Ratio (TTM)	39.05%	188.31%

Valuation

P/E Ratio (TTM)

Fomento Económico Mexicano (FMX) at 8.40 sits in the cheaper P/E ratio quartile, while Hormel Foods (HRL) at 35.40 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

FMX

Food, Beverage & Tobacco industry group

8.40

Max: 52.52
Q3: 30.78
Median: 18.76
Q1: 12.77
FMX: 8.40
Min: 4.72

HRL

Food, Beverage & Tobacco industry group

35.40

Max: 52.52
HRL: 35.40
Q3: 30.78
Median: 18.76
Q1: 12.77
Min: 4.72

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Fomento Económico Mexicano (FMX) at 0.05 sits in the cheaper P/S ratio quartile while Hormel Foods (HRL) at 0.99 prices around its industry’s middle — FMX costs less per dollar of sales, though read it alongside growth and margins.

FMX

Food, Beverage & Tobacco industry group

0.05

Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
FMX: 0.05
Min: 0.00

HRL

Food, Beverage & Tobacco industry group

0.99

Max: 4.64
Q3: 2.27
Median: 1.17
HRL: 0.99
Q1: 0.52
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Hormel Foods (HRL) at 1.54 is valued about in line with its industry on P/B ratio, while Fomento Económico Mexicano (FMX) at 3.71 carries an above-peer premium to book — FMX is pricier on assets.

FMX

Food, Beverage & Tobacco industry group

3.71

Max: 6.35
FMX: 3.71
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

HRL

Food, Beverage & Tobacco industry group

1.54

Max: 6.35
Q3: 3.07
Median: 1.58
HRL: 1.54
Q1: 0.82
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Hormel Foods (HRL): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Fomento Económico Mexicano (FMX) and Hormel Foods (HRL)
Metric	FMX	HRL
P/E Ratio (TTM)	8.40	35.40
P/S Ratio (TTM)	0.05	0.99
P/B Ratio (MRQ)	3.71	1.54
Free Cash Flow Yield (TTM)	200.25%	5.15%