FMX vs. HSY: Fomento Económico Mexicano vs. Hershey Stock Comparison

November 11, 2026

How do Fomento Económico Mexicano (FMX) and Hershey (HSY) 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 Hershey (HSY) both fall under the Food, Beverage & Tobacco industry group, but FMX is classified in Beverages while HSY is classified in Food Products.

Hershey (HSY) 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 Hershey (HSY)
Profile Item	FMX	HSY
Name	Fomento Economico Mexicano S.A.B. de C.V. ADR	The Hershey Company Common Stock
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	35.79 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

HSY

GSPC

Fomento Económico Mexicano (FMX) vs. Hershey (HSY), 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 Hershey (HSY). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fomento Económico Mexicano (FMX) and Hershey (HSY). 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 Hershey (HSY)
Metric	FMX	HSY
Total Return (1Y)	42.35%	3.76%
Total Return (3Y, Annualized)	7.41%	-0.13%
Total Return (5Y, Annualized)	13.51%	2.04%

Risk Profile

Drawdown History

FMX

HSY

GSPC

Fomento Económico Mexicano (FMX) vs. Hershey (HSY), 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 Hershey (HSY). 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 Hershey (HSY)
Metric	FMX	HSY
Volatility (1Y, Annualized)	24.53%	27.95%
Beta (5Y)	0.41	0.07
Max Drawdown (5Y)	-41.28%	-45.25%
Avg. Volume (3M)	526.12K	1.48M

Risk-Adjusted Performance

Risk-Return Positioning

FMX and HSY 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 Hershey (HSY)
Metric	FMX	HSY
Sharpe Ratio (1Y)	1.55	-0.02
Sortino Ratio (1Y)	2.44	-0.03

Profitability

ROE (TTM)

Hershey (HSY) at 38.00% clears its industry range for ROE, a sharper capital-efficiency signal than Fomento Económico Mexicano (FMX) at 14.96%, which is closer to a typical peer reading.

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%

HSY

Food, Beverage & Tobacco industry group

38.00%

HSY: 38.00%
Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

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

Net Margin (TTM)

Hershey (HSY) at 14.63% retains a top-quartile share of revenue as profit, ahead of Fomento Económico Mexicano (FMX) at 3.99%, which keeps about the industry-typical share.

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%

HSY

Food, Beverage & Tobacco industry group

14.63%

Max: 24.83%
HSY: 14.63%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

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

Operating Margin (TTM)

Hershey (HSY) at 25.55% operates in the top operating margin quartile, ahead of Fomento Económico Mexicano (FMX) at 8.17%, which runs around its industry’s norm.

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%

HSY

Food, Beverage & Tobacco industry group

25.55%

Max: 34.91%
HSY: 25.55%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

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

Profitability Metrics

Profitability metrics for Fomento Económico Mexicano (FMX) and Hershey (HSY)
Metric	FMX	HSY
ROE (TTM)	14.96%	38.00%
ROA (TTM)	6.56%	11.82%
Net Margin (TTM)	3.99%	14.63%
Operating Margin (TTM)	8.17%	25.55%
Gross Margin (TTM)	40.49%	41.95%

Growth

Revenue Growth

Both Fomento Económico Mexicano (FMX) at 7.60% and Hershey (HSY) at 4.38% 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. Hershey (HSY): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Fomento Económico Mexicano (FMX) at -49.50% and Hershey (HSY) at -60.26% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

Fomento Económico Mexicano (FMX) vs. Hershey (HSY): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fomento Económico Mexicano (FMX) and Hershey (HSY)
Metric	FMX	HSY
Revenue Growth (YoY)	7.60%	4.38%
Revenue Growth (3Y CAGR)	12.10%	3.92%
EPS Growth (YoY)	-49.50%	-60.26%
EPS Growth (3Y CAGR)	-6.47%	-18.31%

Financial Strength

Current Ratio (MRQ)

Both Fomento Económico Mexicano (FMX) at 1.15 and Hershey (HSY) at 1.24 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

HSY

Food, Beverage & Tobacco industry group

1.24

Max: 4.01
Q3: 2.35
Median: 1.53
HSY: 1.24
Q1: 1.02
Min: 0.33

Fomento Económico Mexicano (FMX) vs. Hershey (HSY): 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 Hershey (HSY) at 1.11 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

HSY

Food, Beverage & Tobacco industry group

1.11

Max: 2.19
HSY: 1.11
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Hershey (HSY): 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 Hershey (HSY)
Metric	FMX	HSY
Current Ratio (MRQ)	1.15	1.24
Debt / Equity (MRQ)	0.82	1.11
Net Debt / EBITDA	1.34	1.52

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 Hershey (HSY) reports a yield of 3.23%, 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%

HSY

Food, Beverage & Tobacco industry group

3.23%

Max: 9.38%
Q3: 3.77%
HSY: 3.23%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Fomento Económico Mexicano (FMX) at 39.05% and Hershey (HSY) at 64.77% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

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%

HSY

Food, Beverage & Tobacco industry group

64.77%

Max: 199.19%
Q3: 81.03%
HSY: 64.77%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Fomento Económico Mexicano (FMX) and Hershey (HSY)
Metric	FMX	HSY
Dividend Yield (TTM)	0.00%	3.23%
Dividend Payout Ratio (TTM)	39.05%	64.77%

Valuation

P/E Ratio (TTM)

Fomento Económico Mexicano (FMX) at 8.40 sits in the cheaper P/E ratio quartile, while Hershey (HSY) at 20.14 is closer to its industry’s usual earnings multiple — a discount for FMX, though growth and earnings durability still matter.

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

HSY

Food, Beverage & Tobacco industry group

20.14

Max: 52.52
Q3: 30.78
HSY: 20.14
Median: 18.76
Q1: 12.77
Min: 4.72

Fomento Económico Mexicano (FMX) vs. Hershey (HSY): 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 looks cheap on sales in the lower P/S ratio quartile, while Hershey (HSY) at 2.92 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

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

HSY

Food, Beverage & Tobacco industry group

2.92

Max: 4.64
HSY: 2.92
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: Fomento Económico Mexicano (FMX) at 3.71 sits in the upper P/B ratio quartile, and Hershey (HSY) at 7.34 prices even higher, above its industry range.

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

HSY

Food, Beverage & Tobacco industry group

7.34

HSY: 7.34
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Hershey (HSY): 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 Hershey (HSY)
Metric	FMX	HSY
P/E Ratio (TTM)	8.40	20.14
P/S Ratio (TTM)	0.05	2.92
P/B Ratio (MRQ)	3.71	7.34
Free Cash Flow Yield (TTM)	200.25%	4.67%