FMX vs. PM: Fomento Económico Mexicano vs. Philip Morris Stock Comparison

November 11, 2026

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

Philip Morris (PM) 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 Philip Morris (PM)
Profile Item	FMX	PM
Name	Fomento Economico Mexicano S.A.B. de C.V. ADR	Philip Morris International Inc.
Country/Region	Mexico	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Tobacco
GICS Sub-Industry	Soft Drinks & Non-alcoholic Beverages	Tobacco
Market Capitalization	44.24 billion USD	308.42 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 11, 1998	March 17, 2008
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

FMX

GSPC

Fomento Económico Mexicano (FMX) vs. Philip Morris (PM), 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 Philip Morris (PM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fomento Económico Mexicano (FMX) and Philip Morris (PM). 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 Philip Morris (PM)
Metric	FMX	PM
Total Return (1Y)	42.35%	30.82%
Total Return (3Y, Annualized)	7.41%	34.64%
Total Return (5Y, Annualized)	13.51%	21.10%

Risk Profile

Drawdown History

FMX

GSPC

Fomento Económico Mexicano (FMX) vs. Philip Morris (PM), 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 Philip Morris (PM). 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 Philip Morris (PM)
Metric	FMX	PM
Volatility (1Y, Annualized)	24.53%	28.46%
Beta (5Y)	0.41	0.35
Max Drawdown (5Y)	-41.28%	-22.78%
Avg. Volume (3M)	526.12K	4.48M

Risk-Adjusted Performance

Risk-Return Positioning

FMX and PM 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 Philip Morris (PM)
Metric	FMX	PM
Sharpe Ratio (1Y)	1.55	0.93
Sortino Ratio (1Y)	2.44	1.39

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Fomento Económico Mexicano (FMX) earns 14.96% on shareholders’ equity, ranked against its industry; Philip Morris (PM) has no ROE this period.

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%

PM

Food, Beverage & Tobacco industry group

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

Fomento Económico Mexicano (FMX) vs. Philip Morris (PM): PM does not report ROE, so it has no value marker; FMX is benchmarked against the Food, Beverage & Tobacco industry group.

Net Margin (TTM)

Philip Morris (PM) at 24.83% 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%

PM

Food, Beverage & Tobacco industry group

24.83%

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

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

Operating Margin (TTM)

Philip Morris (PM) at 41.94% turns sales into operating profit above its industry’s benchmark range, while Fomento Económico Mexicano (FMX) at 8.17% operates 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%

PM

Food, Beverage & Tobacco industry group

41.94%

PM: 41.94%
Max: 34.91%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

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

Profitability Metrics

Profitability metrics for Fomento Económico Mexicano (FMX) and Philip Morris (PM)
Metric	FMX	PM
ROE (TTM)	14.96%	--
ROA (TTM)	6.56%	16.88%
Net Margin (TTM)	3.99%	24.83%
Operating Margin (TTM)	8.17%	41.94%
Gross Margin (TTM)	40.49%	67.70%

Growth

Revenue Growth

Both Fomento Económico Mexicano (FMX) at 7.60% and Philip Morris (PM) at 7.31% 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. Philip Morris (PM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Philip Morris (PM) at 60.26% sits in the top EPS growth quartile, while Fomento Económico Mexicano (FMX) at -49.50% is in the bottom quartile, showing a clear gap in earnings momentum.

Fomento Económico Mexicano (FMX) vs. Philip Morris (PM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fomento Económico Mexicano (FMX) and Philip Morris (PM)
Metric	FMX	PM
Revenue Growth (YoY)	7.60%	7.31%
Revenue Growth (3Y CAGR)	12.10%	8.57%
EPS Growth (YoY)	-49.50%	60.26%
EPS Growth (3Y CAGR)	-6.47%	7.71%

Financial Strength

Current Ratio (MRQ)

Both Fomento Económico Mexicano (FMX) at 1.15 and Philip Morris (PM) at 1.02 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

PM

Food, Beverage & Tobacco industry group

1.02

Max: 4.01
Q3: 2.35
Median: 1.53
PM: 1.02
Q1: 1.02
Min: 0.33

Fomento Económico Mexicano (FMX) vs. Philip Morris (PM): 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 Philip Morris (PM) 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

PM

Food, Beverage & Tobacco industry group

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

Fomento Económico Mexicano (FMX) vs. Philip Morris (PM): PM 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 Philip Morris (PM)
Metric	FMX	PM
Current Ratio (MRQ)	1.15	1.02
Debt / Equity (MRQ)	0.82	--
Net Debt / EBITDA	1.34	2.04

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 Philip Morris (PM) reports a yield of 2.98%, 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%

PM

Food, Beverage & Tobacco industry group

2.98%

Max: 9.38%
Q3: 3.77%
PM: 2.98%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Fomento Económico Mexicano (FMX) at 39.05% pays out a band-typical share of earnings, while Philip Morris (PM) at 87.74% distributes more than its industry norm — less retained, thinner cover.

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%

PM

Food, Beverage & Tobacco industry group

87.74%

Max: 199.19%
PM: 87.74%
Q3: 81.03%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Fomento Económico Mexicano (FMX) and Philip Morris (PM)
Metric	FMX	PM
Dividend Yield (TTM)	0.00%	2.98%
Dividend Payout Ratio (TTM)	39.05%	87.74%

Valuation

P/E Ratio (TTM)

Fomento Económico Mexicano (FMX) at 8.40 sits in the cheaper P/E ratio quartile, while Philip Morris (PM) at 28.89 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

PM

Food, Beverage & Tobacco industry group

28.89

Max: 52.52
Q3: 30.78
PM: 28.89
Median: 18.76
Q1: 12.77
Min: 4.72

Fomento Económico Mexicano (FMX) vs. Philip Morris (PM): 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 Philip Morris (PM) at 7.15 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

PM

Food, Beverage & Tobacco industry group

7.15

PM: 7.15
Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

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

P/B Ratio (MRQ)

Philip Morris (PM) reports a negative P/B ratio of -38.86, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Fomento Económico Mexicano (FMX) reports 3.71, ranking against industry peers normally.

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

PM

Food, Beverage & Tobacco industry group

-38.86

Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00
PM: -38.86

Fomento Económico Mexicano (FMX) vs. Philip Morris (PM): 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 Philip Morris (PM)
Metric	FMX	PM
P/E Ratio (TTM)	8.40	28.89
P/S Ratio (TTM)	0.05	7.15
P/B Ratio (MRQ)	3.71	-38.86
Free Cash Flow Yield (TTM)	200.25%	3.74%