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Mexican airport operator running 12 airports in the Pacific region, including Guadalajara and Tijuana, plus Jamaica's Montego Bay.
Mexican airport operator running 12 airports in the Pacific region, including Guadalajara and Tijuana, plus Jamaica's Montego Bay.
Airport fees per passenger and landing charges are capped by the Mexican government under a maximum rate reset every five years, while shops, parking, car rental and advertising are not capped and are the faster-growing side. Concessions run for decades. The Jamaica airport is a separate concession it took over in 2015.
Moat: wide (regulatory licence, installed base). Government-granted, decades-long airport concessions are effectively regional monopolies.
Headquarters: Guadalajara, Mexico · Founded: 1998 · Employees: 3,637
Size Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR (PAC) is a United States Industrials company (Other Transportation) with a market value of $14.5B, the 615th largest of 3,117 United States companies the cockpit tracks. Shares closed at $248.63 on 6 Nov 2026.
Performance Over six months the shares gained 1.1%, against +3.4% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 20.1% over the last twelve months (peer median +5.7%); the operating margin is 43.5% (peer median 22.0%).
Valuation It trades at 17.1× forward earnings against a peer median of 16.4× (9th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.1 points above its cost of capital (8.6% WACC).
Short interest Short interest is 1.0% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.51B | $2.16B | $1.83B | $1.87B | $1.36B |
| Revenue growth | — | +18% | -2% | +38% | — |
| Gross profit | $1.10B | $1.11B | $817M | $854M | $687M |
| EBITDA | $1.31B | $1.11B | $982M | $996M | $800M |
| Net income | $594M | $498M | $470M | $538M | $448M |
| Free cash flow | $68.6M | $45.1M | $252M | -$29.0M | $92.5M |
| Capital expenditure | $808M | $646M | $428M | $589M | $419M |
| Total debt | $3.80B | $2.95B | $2.31B | $2.40B | $1.77B |
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 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% |
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMAB | $5.21B | +2% | +21% | 53% | 13.2× | -5.1% |
| 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 | PAC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +26.4% | +8.3% | 2nd highest of 21 |
| 6-month return | +1.1% | +3.4% | 10th lowest of 21 |
| Distance from 52-week high | -17.2% | -13.9% | 9th lowest of 21 |
| Revenue growth (TTM) | +20.1% | +5.7% | 4th highest of 21 |
| Operating margin | 43.5% | 22.0% | highest of 21 |
| Forward P/E | 17.1× | 16.4× | 9th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 8.2% | 3.4% | 4th most demanding of 17 |
| Growth delivered (Del g) | +31.3% | +15.3% | highest of 17 |
| Hurdle (Req g minus delivered) | -23.2 pp | -14.7 pp | 5th least demanding of 17 |
| ROIC minus cost of capital | +6.1 pp | -0.9 pp | 2nd highest of 21 |
| EV / EBITDA | 13.0× | 11.3× | 6th most expensive of 12 |
| Net debt / EBITDA | 1.9× | 3.6× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR PAC | United States | $14.5B | +1% | +20% | 44% | 17.1× | 8.2% | +31.3% |
| Aeroports de Paris ADP.PA | France | $13.0B | +9% | +5% | 18% | 18.1× | 11.5% | +25.7% |
| GMR Airports GMRAIRPORT.NS | India | $11.1B | -2% | +29% | 27% | 296.2× | n/a | n/a |
| Shanghai International Port (Group) 600018.SS | China | $19.7B | +14% | +9% | 23% | 8.6× | -3.6% | +9.0% |
| China Merchants Expressway Network & Technology 001965.SZ | China | $10.6B | +10% | +26% | 15% | 14.6× | 6.7% | +13.7% |
| Jiangsu Expressway 600377.SS | China | $9.75B | +13% | +3% | 25% | 14.5× | n/a | n/a |
| Shanghai International Airport 600009.SS | China | $9.22B | -9% | +7% | 19% | 23.7× | -2.6% | +25.4% |
| China Merchants Port 001872.SZ | China | $9.20B | +14% | +8% | 32% | 12.9× | 2.1% | +6.2% |
| StandardAero SARO | United States | $9.14B | +10% | +13% | 10% | 16.4× | 10.9% | +13.5% |
| Qingdao Port International 601298.SS | China | $8.98B | +10% | +4% | 31% | 12.0× | -12.0% | +7.2% |
| Central Japan Railway 9022.T | Japan | $25.1B | +11% | +5% | 40% | 8.0× | -6.8% | +19.5% |
| Shandong Hi-speed 600350.SS | China | $8.06B | +4% | -4% | 20% | 18.0× | 4.7% | +13.0% |
| Grupo Aeroportuario del Sureste SAB de CV Sponsored ADR ASR | United States | $7.95B | -15% | +26% | 41% | 12.2× | -2.3% | +27.0% |
| Flughafen Zurich FHZN.SW | Switzerland | $7.94B | -3% | +4% | 35% | 20.3× | 0.3% | +16.9% |
| Mtr 0066.HK | Hong Kong | $27.2B | +1% | -6% | 15% | 10.8× | n/a | n/a |
| Fraport FRA.DE | Germany | $7.09B | +1% | +3% | 19% | 21.2× | 6.3% | +21.5% |
| Hankyu Hanshin 9042.T | Japan | $7.03B | +3% | +6% | 10% | 13.2× | n/a | n/a |
| Transurban TCL.AX | Australia | $31.6B | +1% | 0% | 30% | 84.3× | 27.8% | +5.9% |
| Kobenhavns Lufthavne A/S KBHL.CO | Denmark | $6.60B | -6% | +9% | 34% | n/a | 6.7% | +28.5% |
| Lyft LYFT | United States | $6.47B | +19% | +11% | -2% | 21.9× | -6.1% | +21.7% |
| Tokyo Metro 9023.T | Japan | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% | +7.4% |