FMX vs. MNST: Fomento Económico Mexicano vs. Monster Beverage Stock Comparison

November 11, 2026

How do Fomento Económico Mexicano (FMX) and Monster Beverage (MNST) 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 Monster Beverage (MNST) are both classified in the Soft Drinks & Non-alcoholic Beverages sub-industry within the broader Beverages industry, placing them in the closest GICS peer bucket.

Monster Beverage (MNST) 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 Monster Beverage (MNST)
Profile Item	FMX	MNST
Name	Fomento Economico Mexicano S.A.B. de C.V. ADR	Monster Beverage Corporation
Country/Region	Mexico	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Beverages
GICS Sub-Industry	Soft Drinks & Non-alcoholic Beverages	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	44.24 billion USD	89.50 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	May 11, 1998	December 9, 1985
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

FMX

MNST

GSPC

Fomento Económico Mexicano (FMX) vs. Monster Beverage (MNST), 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 Monster Beverage (MNST). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fomento Económico Mexicano (FMX) and Monster Beverage (MNST). 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 Monster Beverage (MNST)
Metric	FMX	MNST
Total Return (1Y)	42.35%	29.93%
Total Return (3Y, Annualized)	7.41%	18.04%
Total Return (5Y, Annualized)	13.51%	14.58%

Risk Profile

Drawdown History

FMX

MNST

GSPC

Fomento Económico Mexicano (FMX) vs. Monster Beverage (MNST), 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 Monster Beverage (MNST). 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 Monster Beverage (MNST)
Metric	FMX	MNST
Volatility (1Y, Annualized)	24.53%	26.79%
Beta (5Y)	0.41	0.52
Max Drawdown (5Y)	-41.28%	-26.03%
Avg. Volume (3M)	526.12K	9.80M

Risk-Adjusted Performance

Risk-Return Positioning

FMX and MNST 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 Monster Beverage (MNST)
Metric	FMX	MNST
Sharpe Ratio (1Y)	1.55	0.96
Sortino Ratio (1Y)	2.44	1.54

Profitability

ROE (TTM)

Monster Beverage (MNST) at 24.70% sits in the top ROE quartile, while Fomento Económico Mexicano (FMX) at 14.96% is closer to the peer norm — stronger capital efficiency for MNST.

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%

MNST

Food, Beverage & Tobacco industry group

24.70%

Max: 32.02%
MNST: 24.70%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

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

Net Margin (TTM)

Monster Beverage (MNST) at 22.66% 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%

MNST

Food, Beverage & Tobacco industry group

22.66%

Max: 24.83%
MNST: 22.66%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

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

Operating Margin (TTM)

Monster Beverage (MNST) at 28.06% 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%

MNST

Food, Beverage & Tobacco industry group

28.06%

Max: 34.91%
MNST: 28.06%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

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

Profitability Metrics

Profitability metrics for Fomento Económico Mexicano (FMX) and Monster Beverage (MNST)
Metric	FMX	MNST
ROE (TTM)	14.96%	24.70%
ROA (TTM)	6.56%	16.44%
Net Margin (TTM)	3.99%	22.66%
Operating Margin (TTM)	8.17%	28.06%
Gross Margin (TTM)	40.49%	55.27%

Growth

Revenue Growth

Monster Beverage (MNST) at 10.70% sits in the top revenue growth quartile, while Fomento Económico Mexicano (FMX) at 7.60% is closer to the peer norm — faster top-line expansion for MNST.

Fomento Económico Mexicano (FMX) vs. Monster Beverage (MNST): A comparison of their Revenue Growth across different time periods.

EPS Growth

Monster Beverage (MNST) at 19.75% 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. Monster Beverage (MNST): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fomento Económico Mexicano (FMX) and Monster Beverage (MNST)
Metric	FMX	MNST
Revenue Growth (YoY)	7.60%	10.70%
Revenue Growth (3Y CAGR)	12.10%	9.54%
EPS Growth (YoY)	-49.50%	19.75%
EPS Growth (3Y CAGR)	-6.47%	20.28%

Financial Strength

Current Ratio (MRQ)

Fomento Económico Mexicano (FMX) at 1.15 keeps current ratio within its industry’s typical mid-range, while Monster Beverage (MNST) at 3.82 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets 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

MNST

Food, Beverage & Tobacco industry group

3.82

Max: 4.01
MNST: 3.82
Q3: 2.35
Median: 1.53
Q1: 1.02
Min: 0.33

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

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Fomento Económico Mexicano (FMX) carries debt-to-equity ratio of 0.82 against its industry range, while Monster Beverage (MNST) reports no figure this period.

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

MNST

Food, Beverage & Tobacco industry group

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00
MNST: --

Fomento Económico Mexicano (FMX) vs. Monster Beverage (MNST): MNST does not report debt-to-equity ratio, so it has no value marker; FMX is benchmarked against the Food, Beverage & Tobacco industry group.

Financial Strength Metrics

Financial strength metrics for Fomento Económico Mexicano (FMX) and Monster Beverage (MNST)
Metric	FMX	MNST
Current Ratio (MRQ)	1.15	3.82
Debt / Equity (MRQ)	0.82	--
Net Debt / EBITDA	1.34	-1.25

Dividends

Dividend Yield (TTM)

Neither Fomento Económico Mexicano (FMX) nor Monster Beverage (MNST) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

MNST

Food, Beverage & Tobacco industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

Monster Beverage (MNST) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Fomento Económico Mexicano (FMX) reports a payout of 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%

MNST

Food, Beverage & Tobacco industry group

0.00%

Max: 199.19%
Q3: 81.03%
Median: 41.52%
MNST: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Fomento Económico Mexicano (FMX) and Monster Beverage (MNST)
Metric	FMX	MNST
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	39.05%	0.00%

Valuation

P/E Ratio (TTM)

Fomento Económico Mexicano (FMX) at 8.40 sits in the cheaper P/E ratio quartile, while Monster Beverage (MNST) at 41.56 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

MNST

Food, Beverage & Tobacco industry group

41.56

Max: 52.52
MNST: 41.56
Q3: 30.78
Median: 18.76
Q1: 12.77
Min: 4.72

Fomento Económico Mexicano (FMX) vs. Monster Beverage (MNST): 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 Monster Beverage (MNST) at 9.34 prices above its industry range — a wide gap in sales valuation between them.

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

MNST

Food, Beverage & Tobacco industry group

9.34

MNST: 9.34
Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Monster Beverage (MNST): 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 Monster Beverage (MNST) at 9.09 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

MNST

Food, Beverage & Tobacco industry group

9.09

MNST: 9.09
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Fomento Económico Mexicano (FMX) vs. Monster Beverage (MNST): 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 Monster Beverage (MNST)
Metric	FMX	MNST
P/E Ratio (TTM)	8.40	41.56
P/S Ratio (TTM)	0.05	9.34
P/B Ratio (MRQ)	3.71	9.09
Free Cash Flow Yield (TTM)	200.25%	--