Loading…
Operates 13 airports in central and northern Mexico, including Monterrey, under a long-term government concession.
Operates 13 airports in central and northern Mexico, including Monterrey, under a long-term government concession.
Airlines and passengers pay regulated fees for using the airports, and Mexico's regulator caps the average per-passenger rate for each five-year period, so traffic and the cap decide aeronautical income. Shops, parking, advertising and a hotel add commercial income. Monterrey, in the industrial north, is by far the largest airport.
Moat: wide (regulatory licence, scale). Government-granted, decades-long airport concessions are effectively regional monopolies.
Headquarters: Monterrey, Mexico · Founded: 1998 · Employees: 1,267
Size Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR (OMAB) is a United States Industrials company (Other Transportation) with a market value of $5.21B, the 1157th largest of 3,117 United States companies the cockpit tracks. Shares closed at $109.67 on 6 Nov 2026.
Performance Over six months the shares gained 1.8%, against -2.9% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 20.5% over the last twelve months (peer median +5.4%); the operating margin is 53.3% (peer median 19.7%).
Valuation It trades at 13.2× forward earnings against a peer median of 16.5× (5th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -32 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 26.1 points above its cost of capital (7.6% WACC).
Short interest Short interest is 1.1% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $980M | $831M | $822M | $815M | $593M |
| Revenue growth | — | +1% | +1% | +37% | — |
| Gross profit | $575M | $511M | $484M | $492M | $335M |
| EBITDA | $576M | $511M | $482M | $491M | $329M |
| Net income | $311M | $278M | $269M | $283M | $194M |
| Free cash flow | $364M | $328M | $274M | $289M | $208M |
| Capital expenditure | $210M | $141M | $150M | $174M | $145M |
| Total debt | $830M | $779M | $569M | $642M | $533M |
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 |
|---|---|---|---|---|---|---|
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMAB | $5.21B | +2% | +21% | 53% | 13.2× | -5.1% |
| Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR PAC | $14.5B | +1% | +20% | 44% | 17.1× | 8.2% |
| Grupo Aeroportuario del Sureste SAB de CV Sponsored ADR ASR | $7.95B | -15% | +26% | 41% | 12.2× | -2.3% |
| Corporacion America Airports CAAP | $4.00B | -3% | +16% | 23% | 9.6× | -6.3% |
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 | OMAB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +21.3% | +2.1% | highest of 21 |
| 6-month return | +1.8% | -2.9% | 9th highest of 21 |
| Distance from 52-week high | -18.8% | -19.0% | 10th highest of 21 |
| Revenue growth (TTM) | +20.5% | +5.4% | 3rd highest of 21 |
| Operating margin | 53.3% | 19.7% | highest of 21 |
| Forward P/E | 13.2× | 16.5× | 5th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -5.1% | -2.3% | 6th least demanding of 16 |
| Growth delivered (Del g) | +27.2% | +18.0% | 4th highest of 16 |
| Hurdle (Req g minus delivered) | -32.3 pp | -16.6 pp | 4th least demanding of 16 |
| ROIC minus cost of capital | +26.1 pp | +0.5 pp | highest of 21 |
| EV / EBITDA | 10.1× | 10.2× | 5th cheapest of 12 |
| Net debt / EBITDA | 1.1× | 3.1× | 4th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMAB | United States | $5.21B | +2% | +21% | 53% | 13.2× | -5.1% | +27.2% |
| Tokyo Metro 9023.T | Japan | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% | +7.4% |
| Zhejiang Expressway 0576.HK | Hong Kong | $4.86B | -13% | +18% | 33% | 5.9× | n/a | n/a |
| Hainan Airport Infrastructure 600515.SS | China | $4.56B | -26% | +25% | -5% | 133.0× | n/a | n/a |
| Liaoning Port 601880.SS | China | $4.54B | -10% | -3% | 21% | n/a | -10.7% | -1.3% |
| Taiwan High Speed Rail 2633.TW | Taiwan | $4.36B | -3% | +4% | 39% | 19.2× | 0.8% | +6.9% |
| SATS S58.SI | Singapore | $4.34B | +15% | +9% | 9% | 17.6× | -0.2% | +45.6% |
| Anhui Expressway 600012.SS | China | $4.29B | +13% | -14% | 42% | 14.5× | -5.4% | +18.0% |
| Tangshan Port 601000.SS | China | $4.27B | +3% | +10% | 39% | 13.9× | -11.0% | -6.2% |
| Kintetsu 9041.T | Japan | $4.23B | +5% | +2% | 5% | 13.5× | n/a | n/a |
| Lyft LYFT | United States | $6.47B | +19% | +11% | -2% | 21.9× | -6.1% | +21.7% |
| Kobenhavns Lufthavne A/S KBHL.CO | Denmark | $6.60B | -6% | +9% | 34% | n/a | 6.7% | +28.5% |
| Corporacion America Airports CAAP | United States | $4.00B | -3% | +16% | 23% | 9.6× | -6.3% | +26.4% |
| Hankyu Hanshin 9042.T | Japan | $7.03B | +3% | +6% | 10% | 13.2× | n/a | n/a |
| Wilh. Wilhelmsen WWI.OL | Norway | $3.87B | +23% | -4% | 10% | 8.4× | 6.2% | +11.0% |
| Fraport FRA.DE | Germany | $7.09B | +1% | +3% | 19% | 21.2× | 6.3% | +21.5% |
| Atlas Arteria ALX.AX | Australia | $3.78B | -21% | +2% | -20% | 20.6× | -3.5% | +8.9% |
| Guangzhou Port 601228.SS | China | $3.54B | -3% | -18% | 11% | n/a | n/a | n/a |
| Japan Airport Terminal 9706.T | Japan | $3.46B | +16% | +8% | 17% | 19.2× | -2.3% | +40.7% |
| Flughafen Zurich FHZN.SW | Switzerland | $7.94B | -3% | +4% | 35% | 20.3× | 0.3% | +16.9% |
| Grupo Aeroportuario del Sureste SAB de CV Sponsored ADR ASR | United States | $7.95B | -15% | +26% | 41% | 12.2× | -2.3% | +27.0% |