FMX vs. MDLZ: Fomento Económico Mexicano vs. Mondelez Stock Comparison

November 11, 2026

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

Mondelez (MDLZ) 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 Mondelez (MDLZ)
Profile Item	FMX	MDLZ
Name	Fomento Economico Mexicano S.A.B. de C.V. ADR	Mondelēz International, Inc. Class A 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	83.57 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	May 11, 1998	June 13, 2001
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

FMX

MDLZ

GSPC

Fomento Económico Mexicano (FMX) vs. Mondelez (MDLZ), 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 Mondelez (MDLZ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fomento Económico Mexicano (FMX) and Mondelez (MDLZ). 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 Mondelez (MDLZ)
Metric	FMX	MDLZ
Total Return (1Y)	42.35%	19.76%
Total Return (3Y, Annualized)	7.41%	1.61%
Total Return (5Y, Annualized)	13.51%	4.00%

Risk Profile

Drawdown History

FMX

MDLZ

GSPC

Fomento Económico Mexicano (FMX) vs. Mondelez (MDLZ), 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 Mondelez (MDLZ). 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 Mondelez (MDLZ)
Metric	FMX	MDLZ
Volatility (1Y, Annualized)	24.53%	23.94%
Beta (5Y)	0.41	0.33
Max Drawdown (5Y)	-41.28%	-29.14%
Avg. Volume (3M)	526.12K	7.64M

Risk-Adjusted Performance

Risk-Return Positioning

FMX and MDLZ 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 Mondelez (MDLZ)
Metric	FMX	MDLZ
Sharpe Ratio (1Y)	1.55	0.65
Sortino Ratio (1Y)	2.44	1.02

Profitability

ROE (TTM)

Both Fomento Económico Mexicano (FMX) at 14.96% and Mondelez (MDLZ) at 15.48% 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%

MDLZ

Food, Beverage & Tobacco industry group

15.48%

Max: 32.02%
Q3: 16.61%
MDLZ: 15.48%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Fomento Económico Mexicano (FMX) vs. Mondelez (MDLZ): 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 Mondelez (MDLZ) at 10.22% 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%

MDLZ

Food, Beverage & Tobacco industry group

10.22%

Max: 24.83%
Q3: 11.22%
MDLZ: 10.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

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

Operating Margin (TTM)

Mondelez (MDLZ) at 20.36% 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%

MDLZ

Food, Beverage & Tobacco industry group

20.36%

Max: 34.91%
MDLZ: 20.36%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

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

Profitability Metrics

Profitability metrics for Fomento Económico Mexicano (FMX) and Mondelez (MDLZ)
Metric	FMX	MDLZ
ROE (TTM)	14.96%	15.48%
ROA (TTM)	6.56%	5.35%
Net Margin (TTM)	3.99%	10.22%
Operating Margin (TTM)	8.17%	20.36%
Gross Margin (TTM)	40.49%	34.26%

Growth

Revenue Growth

Both Fomento Económico Mexicano (FMX) at 7.60% and Mondelez (MDLZ) at 5.75% 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. Mondelez (MDLZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Mondelez (MDLZ) at -44.74% 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. Mondelez (MDLZ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fomento Económico Mexicano (FMX) and Mondelez (MDLZ)
Metric	FMX	MDLZ
Revenue Growth (YoY)	7.60%	5.75%
Revenue Growth (3Y CAGR)	12.10%	6.96%
EPS Growth (YoY)	-49.50%	-44.74%
EPS Growth (3Y CAGR)	-6.47%	-1.20%

Financial Strength

Current Ratio (MRQ)

Fomento Económico Mexicano (FMX) at 1.15 keeps current ratio within its industry’s typical mid-range, while Mondelez (MDLZ) at 0.62 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MDLZ.

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

MDLZ

Food, Beverage & Tobacco industry group

0.62

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
MDLZ: 0.62
Min: 0.33

Fomento Económico Mexicano (FMX) vs. Mondelez (MDLZ): 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 Mondelez (MDLZ) at 0.84 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

MDLZ

Food, Beverage & Tobacco industry group

0.84

Max: 2.19
Q3: 1.11
MDLZ: 0.84
Median: 0.68
Q1: 0.33
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Mondelez (MDLZ): 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 Mondelez (MDLZ)
Metric	FMX	MDLZ
Current Ratio (MRQ)	1.15	0.62
Debt / Equity (MRQ)	0.82	0.84
Net Debt / EBITDA	1.34	2.75

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 Mondelez (MDLZ) reports a yield of 3.02%, 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%

MDLZ

Food, Beverage & Tobacco industry group

3.02%

Max: 9.38%
Q3: 3.77%
MDLZ: 3.02%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Fomento Económico Mexicano (FMX) vs. Mondelez (MDLZ): 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 Mondelez (MDLZ) at 63.72% 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%

MDLZ

Food, Beverage & Tobacco industry group

63.72%

Max: 199.19%
Q3: 81.03%
MDLZ: 63.72%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Fomento Económico Mexicano (FMX) and Mondelez (MDLZ)
Metric	FMX	MDLZ
Dividend Yield (TTM)	0.00%	3.02%
Dividend Payout Ratio (TTM)	39.05%	63.72%

Valuation

P/E Ratio (TTM)

Fomento Económico Mexicano (FMX) at 8.40 sits in the cheaper P/E ratio quartile, while Mondelez (MDLZ) at 20.83 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

MDLZ

Food, Beverage & Tobacco industry group

20.83

Max: 52.52
Q3: 30.78
MDLZ: 20.83
Median: 18.76
Q1: 12.77
Min: 4.72

Fomento Económico Mexicano (FMX) vs. Mondelez (MDLZ): 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 Mondelez (MDLZ) at 2.09 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

MDLZ

Food, Beverage & Tobacco industry group

2.09

Max: 4.64
Q3: 2.27
MDLZ: 2.09
Median: 1.17
Q1: 0.52
Min: 0.00

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

P/B Ratio (MRQ)

Both Fomento Económico Mexicano (FMX) at 3.71 and Mondelez (MDLZ) at 3.15 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

MDLZ

Food, Beverage & Tobacco industry group

3.15

Max: 6.35
MDLZ: 3.15
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Mondelez (MDLZ): 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 Mondelez (MDLZ)
Metric	FMX	MDLZ
P/E Ratio (TTM)	8.40	20.83
P/S Ratio (TTM)	0.05	2.09
P/B Ratio (MRQ)	3.71	3.15
Free Cash Flow Yield (TTM)	200.25%	3.57%