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World's largest producer and marketer of methanol, operating production plants globally and supplying it to chemical and fuel customers.
World's largest producer and marketer of methanol, operating production plants globally and supplying it to chemical and fuel customers.
Sells methanol at world-market prices, so profit depends on the gap between that price and the cost of the natural gas used to make it, which the company manages by siting plants near cheap gas. Production spans Trinidad, New Zealand, Chile, Egypt, Canada and the US, and its own shipping arm moves product to customers.
In one line: The world's largest methanol producer, no direct US equivalent.
Moat: narrow (scale, distribution). Largest global production/shipping network gives cost and logistics scale versus smaller regional producers.
Headquarters: Vancouver, Canada · Founded: 1968 · Employees: 1,649
Size Methanex (MX.TO) is a Canada Materials company (Chemicals: Specialty) with a market value of $5.18B, the 117th largest of 420 Canada companies the cockpit tracks. Shares closed at C$93.77 on 6 Nov 2026.
Performance Over six months the shares gained 11.9%, against -13.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 31.4% over the last twelve months (peer median +10.6%); the operating margin is 22.6% (peer median 12.0%).
Valuation It trades at 6.9× forward earnings against a peer median of 15.8× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.7 points above its cost of capital (7.1% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$6.56B | C$5.02B | C$5.10B | C$5.03B | C$5.61B |
| Revenue growth | — | -2% | +1% | -10% | — |
| Gross profit | C$1.49B | C$1.79B | C$1.43B | C$1.25B | C$1.40B |
| EBITDA | C$2.16B | C$1.27B | C$973M | C$885M | C$1.13B |
| Net income | C$502M | C$112M | C$225M | C$235M | C$461M |
| Free cash flow | C$1.64B | C$1.00B | C$640M | C$58.3M | C$323M |
| Capital expenditure | C$106M | C$138M | C$139M | C$605M | C$752M |
| Total debt | C$4.41B | C$4.81B | C$4.65B | C$3.97B | C$4.09B |
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 |
|---|---|---|---|---|---|---|
| Methanex MX.TO | $5.18B | +12% | +31% | 23% | 6.9× | -9.4% |
| Oci OCI.AS | $967M | +8% | -81% | -4% | n/a | n/a |
| Mitsubishi Gas Chemical 4182.T | $3.78B | -31% | +3% | 8% | 10.6× | n/a |
| Celanese CE | $5.10B | -19% | +1% | 9% | 7.6× | 5.3% |
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 | MX.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.7% | -4.8% | highest of 21 |
| 6-month return | +11.9% | -13.9% | 3rd highest of 21 |
| Distance from 52-week high | -7.0% | -33.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +31.4% | +10.6% | 4th highest of 21 |
| Operating margin | 22.6% | 12.0% | 7th highest of 21 |
| Forward P/E | 6.9× | 15.8× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -9.4% | 5.3% | least demanding of 16 |
| Growth delivered (Del g) | +7.1% | +12.9% | 6th lowest of 16 |
| Hurdle (Req g minus delivered) | -16.5 pp | -5.7 pp | 3rd least demanding of 16 |
| ROIC minus cost of capital | +6.7 pp | -0.2 pp | 5th highest of 21 |
| EV / EBITDA | 5.0× | 10.2× | cheapest of 11 |
| Net debt / EBITDA | 1.4× | 0.9× | 5th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Methanex MX.TO | Canada | $5.18B | +12% | +31% | 23% | 6.9× | -9.4% | +7.1% |
| Celanese CE | United States | $5.10B | -19% | +1% | 9% | 7.6× | 5.3% | +11.0% |
| Hoshine Silicon Industry 603260.SS | China | $5.32B | -33% | -7% | -6% | 41.7× | 22.5% | +18.5% |
| Gujarat Fluorochemicals FLUOROCHEM.NS | India | $5.42B | +23% | +20% | 17% | 53.0× | n/a | n/a |
| Sumitomo Chemical 4005.T | Japan | $4.93B | -7% | -2% | 5% | 6.9× | 1.1% | +0.4% |
| Navin Fluorine International NAVINFLUOR.NS | India | $4.89B | +27% | +46% | 30% | 45.6× | 34.0% | +22.7% |
| LB Group Co., Ltd. Class A 002601.SZ | China | $5.58B | -8% | +7% | 7% | 22.4× | 5.0% | +12.9% |
| Canmax Technologies 300390.SZ | China | $5.62B | -64% | +98% | 27% | 7.3× | n/a | n/a |
| Dottikon ES DESN.SW | Switzerland | $4.72B | -24% | +11% | 27% | 37.6× | 12.6% | +14.4% |
| Coromandel International COROMANDEL.NS | India | $5.69B | -7% | +24% | 8% | 27.3× | n/a | n/a |
| Zhejiang Longsheng 600352.SS | China | $5.70B | -11% | -1% | 19% | 13.7× | -5.2% | -3.1% |
| Red Avenue New Materials 603650.SS | China | $4.70B | -12% | +24% | 9% | 40.7× | n/a | n/a |
| Tosoh 4042.T | Japan | $4.69B | -4% | -1% | 11% | 11.4× | -1.5% | +6.8% |
| Nissan Chemical 4021.T | Japan | $5.72B | 0% | +10% | 23% | 15.9× | 9.3% | +6.0% |
| Zhejiang Sanmei Chemical Industry 603379.SS | China | $4.64B | -22% | +24% | 41% | 13.5× | 5.4% | +16.5% |
| Kingboard 0148.HK | Hong Kong | $5.78B | -17% | +19% | 15% | 5.0× | n/a | n/a |
| Inner Mongolia Junzheng Energy & Chemical 601216.SS | China | $5.92B | -16% | +3% | 11% | 12.0× | -3.4% | +11.3% |
| Far Eastern New Century 1402.TW | Taiwan | $4.49B | +8% | 0% | 6% | 11.8× | 5.3% | +4.2% |
| GEM 002340.SZ | China | $4.43B | -36% | +2% | 7% | 15.7× | 4.2% | +24.4% |
| Shenzhen Capchem Technology 300037.SZ | China | $6.16B | -21% | +72% | 13% | 19.0× | 19.3% | +26.6% |
| Guangxi Huaxi Nonferrous Metal 600301.SS | China | $4.33B | -15% | +24% | 32% | 22.9× | 9.2% | +44.9% |