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World's largest Coca-Cola bottler by volume, manufacturing and distributing Coca-Cola beverages across Mexico and Latin America.
World's largest Coca-Cola bottler by volume, manufacturing and distributing Coca-Cola beverages across Mexico and Latin America.
Buys concentrate from The Coca-Cola Company, bottles it and sells to small neighbourhood stores, supermarkets and restaurants in its territories, so earnings depend on case volumes and local pricing. Sales are in pesos, reais and other currencies while some costs are in dollars. FEMSA is the controlling shareholder.
Moat: narrow (distribution, scale, brand). Exclusive territorial bottling rights across Mexico and Latin America give it the largest Coca-Cola bottling franchise globally.
Headquarters: Mexico City, Mexico · Founded: 1979 · Employees: 108,840
Size Coca-Cola FEMSA SAB de CV Sponsored ADR (KOF) is a United States Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $6.01B, the 1065th largest of 3,117 United States companies the cockpit tracks. Shares closed at $114.43 on 6 Nov 2026.
Performance Over six months the shares gained 8.2%, against +5.7% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 16 in its peer set.
Growth Revenue grew 16.9% over the last twelve months (peer median +9.6%); the operating margin is 14.1% (peer median 11.8%).
Valuation It trades at 16.5× forward earnings against a peer median of 17.2× (6th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -20% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -32 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.8 points above its cost of capital (6.6% WACC).
Short interest Short interest is 0.7% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $17.3B | $15.2B | $15.3B | $13.8B | $11.3B |
| Revenue growth | — | 0% | +10% | +23% | — |
| Gross profit | $8.09B | $6.85B | $6.96B | $6.28B | $4.95B |
| EBITDA | $3.46B | $2.85B | $2.87B | $2.63B | $2.08B |
| Net income | $1.37B | $1.24B | $1.29B | $1.10B | $946M |
| Free cash flow | n/a | $338M | $922M | $1.21B | $817M |
| Capital expenditure | n/a | $1.24B | $1.41B | $1.16B | $881M |
| Total debt | $4.91B | $4.60B | $3.70B | $4.00B | $4.15B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% |
| Coca-Cola Europacific Partners CCEP | $51.0B | +23% | +10% | 14% | 21.8× | 3.9% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
| Ambev SA Sponsored ADR ABEV | $43.2B | -15% | +4% | 23% | 14.5× | -5.5% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% |
| Coca-Cola HBC CCH.L | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KOF | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.3% | +8.4% | 7th lowest of 16 |
| 6-month return | +8.2% | +5.7% | 7th highest of 16 |
| Distance from 52-week high | -6.3% | -14.0% | 6th highest of 16 |
| Revenue growth (TTM) | +16.9% | +9.6% | 5th highest of 16 |
| Operating margin | 14.1% | 11.8% | 5th highest of 15 |
| Forward P/E | 16.5× | 17.2× | 6th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -20.1% | 3.4% | least demanding of 14 |
| Growth delivered (Del g) | +12.2% | +7.8% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | -32.3 pp | -14.4 pp | 3rd least demanding of 14 |
| ROIC minus cost of capital | +9.8 pp | +7.8 pp | 7th highest of 15 |
| EV / EBITDA | 2.5× | 10.3× | cheapest of 14 |
| Net debt / EBITDA | 0.7× | 0.7× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | United States | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% | +12.2% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Primo Brands PRMB | United States | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% | +27.8% |
| Celsius CELH | United States | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% | +80.7% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Tingyi 0322.HK | Hong Kong | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% | +2.4% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |
| Eastroc Beverage (Group) 605499.SS | China | $11.7B | -27% | +12% | 25% | 17.2× | -3.2% | +33.1% |
| SDIC Zhonglu Fruit Juice 600962.SS | China | $2.62B | -1% | +100% | n/a | n/a | n/a | n/a |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| China Resources Beverage (Holdings) 2460.HK | Hong Kong | $2.27B | -14% | -19% | 6% | 18.1× | n/a | n/a |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| Coca-Cola HBC CCH.L | United Kingdom | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% | +12.8% |