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

Updated on October 3, 2025

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

Company Profile

FMX trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, PEP is a standard domestic listing.

Symbol	FMX	PEP
Company Name	Fomento Económico Mexicano, S.A.B. de C.V.	PepsiCo, Inc.
Country	Mexico	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry	Beverages	Beverages
Market Capitalization	34.90 billion USD	195.97 billion USD
Exchange	NYSE	NasdaqGS
Listing Date	May 11, 1998	June 1, 1972
Security Type	ADR	Common Stock

Historical Performance

This chart compares the performance of FMX and PEP 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.

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

Historical Performance at a Glance

Symbol	FMX	PEP
5-Day Price Return	-0.03%	-1.22%
13-Week Price Return	-7.09%	6.36%
26-Week Price Return	-10.67%	-5.52%
52-Week Price Return	-7.73%	-17.39%
Month-to-Date Return	11.62%	-5.52%
Year-to-Date Return	1.55%	-7.64%
10-Day Avg. Volume	7.07M	7.55M
3-Month Avg. Volume	3.21M	9.19M
3-Month Volatility	24.77%	24.15%
Beta	0.83	0.46

Profitability

Return on Equity (TTM)

FMX

6.94%

Beverages Industry

Max: 45.90%
Q3: 22.74%
Median: 10.10%
Q1: 6.35%
Min: -13.21%

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.

PEP

40.65%

Beverages Industry

Max: 45.90%
Q3: 22.74%
Median: 10.10%
Q1: 6.35%
Min: -13.21%

In the upper quartile for the Beverages industry, PEP’s Return on Equity of 40.65% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

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

Net Profit Margin (TTM)

FMX

2.44%

Beverages Industry

Max: 21.38%
Q3: 12.24%
Median: 8.43%
Q1: 5.97%
Min: 0.65%

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.

PEP

8.23%

Beverages Industry

Max: 21.38%
Q3: 12.24%
Median: 8.43%
Q1: 5.97%
Min: 0.65%

PEP’s Net Profit Margin of 8.23% is aligned with the median group of its peers in the Beverages industry. This indicates its ability to convert revenue into profit is typical for the sector.

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

Operating Profit Margin (TTM)

FMX

8.00%

Beverages Industry

Max: 29.32%
Q3: 20.15%
Median: 13.14%
Q1: 10.74%
Min: 1.24%

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.

PEP

11.11%

Beverages Industry

Max: 29.32%
Q3: 20.15%
Median: 13.14%
Q1: 10.74%
Min: 1.24%

PEP’s Operating Profit Margin of 11.11% is around the midpoint for the Beverages industry, indicating that its efficiency in managing core business operations is typical for the sector.

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

Profitability at a Glance

Symbol	FMX	PEP
Return on Equity (TTM)	6.94%	40.65%
Return on Assets (TTM)	2.34%	7.42%
Net Profit Margin (TTM)	2.44%	8.23%
Operating Profit Margin (TTM)	8.00%	11.11%
Gross Profit Margin (TTM)	41.29%	54.92%

Financial Strength

Current Ratio (MRQ)

FMX

1.34

Beverages Industry

Max: 3.52
Q3: 2.00
Median: 1.22
Q1: 0.87
Min: 0.55

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.

PEP

0.78

Beverages Industry

Max: 3.52
Q3: 2.00
Median: 1.22
Q1: 0.87
Min: 0.55

PEP’s Current Ratio of 0.78 falls into the lower quartile for the Beverages industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

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

Debt-to-Equity Ratio (MRQ)

FMX

1.09

Beverages Industry

Max: 2.14
Q3: 1.14
Median: 0.74
Q1: 0.37
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.

PEP

2.79

Beverages Industry

Max: 2.14
Q3: 1.14
Median: 0.74
Q1: 0.37
Min: 0.00

With a Debt-to-Equity Ratio of 2.79, PEP operates with exceptionally high leverage compared to the Beverages industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

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

Interest Coverage Ratio (TTM)

FMX

3.86

Beverages Industry

Max: 78.96
Q3: 42.68
Median: 10.96
Q1: 3.86
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.

PEP

13.98

Beverages Industry

Max: 78.96
Q3: 42.68
Median: 10.96
Q1: 3.86
Min: 0.81

PEP’s Interest Coverage Ratio of 13.98 is positioned comfortably within the norm for the Beverages industry, indicating a standard and healthy capacity to cover its interest payments.

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

Financial Strength at a Glance

Symbol	FMX	PEP
Current Ratio (MRQ)	1.34	0.78
Quick Ratio (MRQ)	1.06	0.56
Debt-to-Equity Ratio (MRQ)	1.09	2.79
Interest Coverage Ratio (TTM)	3.86	13.98

Growth

Revenue Growth

FMX vs. PEP: 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

FMX vs. PEP: 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)

FMX

6.70%

Beverages Industry

Max: 7.92%
Q3: 4.37%
Median: 3.32%
Q1: 1.98%
Min: 0.00%

With a Dividend Yield of 6.70%, FMX offers a more attractive income stream than most of its peers in the Beverages industry, signaling a strong commitment to shareholder returns.

PEP

3.83%

Beverages Industry

Max: 7.92%
Q3: 4.37%
Median: 3.32%
Q1: 1.98%
Min: 0.00%

PEP’s Dividend Yield of 3.83% is consistent with its peers in the Beverages industry, providing a dividend return that is standard for its sector.

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

Dividend Payout Ratio (TTM)

FMX

188.65%

Beverages Industry

Max: 188.65%
Q3: 104.55%
Median: 72.60%
Q1: 40.31%
Min: 0.00%

FMX’s Dividend Payout Ratio of 188.65% is in the upper quartile for the Beverages industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

PEP

98.89%

Beverages Industry

Max: 188.65%
Q3: 104.55%
Median: 72.60%
Q1: 40.31%
Min: 0.00%

PEP’s Dividend Payout Ratio of 98.89% is within the typical range for the Beverages industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

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

Dividend at a Glance

Symbol	FMX	PEP
Dividend Yield (TTM)	6.70%	3.83%
Dividend Payout Ratio (TTM)	188.65%	98.89%

Valuation

Price-to-Earnings Ratio (TTM)

FMX

28.14

Beverages Industry

Max: 35.25
Q3: 22.66
Median: 17.17
Q1: 13.65
Min: 4.77

A P/E Ratio of 28.14 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.

PEP

25.80

Beverages Industry

Max: 35.25
Q3: 22.66
Median: 17.17
Q1: 13.65
Min: 4.77

A P/E Ratio of 25.80 places PEP 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.

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

Price-to-Sales Ratio (TTM)

FMX

0.69

Beverages Industry

Max: 4.06
Q3: 2.24
Median: 1.34
Q1: 0.86
Min: 0.39

In the lower quartile for the Beverages industry, FMX’s P/S Ratio of 0.69 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.

PEP

2.12

Beverages Industry

Max: 4.06
Q3: 2.24
Median: 1.34
Q1: 0.86
Min: 0.39

PEP’s P/S Ratio of 2.12 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 vs. PEP: A comparison of their Price-to-Sales Ratio (TTM) against the Beverages industry benchmark.

Price-to-Book Ratio (MRQ)

FMX

2.54

Beverages Industry

Max: 6.90
Q3: 4.23
Median: 2.20
Q1: 1.51
Min: 0.69

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.

PEP

9.77

Beverages Industry

Max: 6.90
Q3: 4.23
Median: 2.20
Q1: 1.51
Min: 0.69

At 9.77, PEP’s P/B Ratio is at an extreme premium to the Beverages industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

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

Valuation at a Glance

Symbol	FMX	PEP
Price-to-Earnings Ratio (TTM)	28.14	25.80
Price-to-Sales Ratio (TTM)	0.69	2.12
Price-to-Book Ratio (MRQ)	2.54	9.77
Price-to-Free Cash Flow Ratio (TTM)	25.59	22.55