Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ADR (OMAB) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.52	$1.41	-7.2%	—	—	—
Q1 26	$1.62	$1.4	-13.6%	—	—	—
Q4 25	$1.56	$1.7	+9.0%	—	—	—
Q3 25	$1.47	$1.47	0.0%	—	—	—
Q2 25	$1.23	$1.3	+5.7%	—	—	—
Q1 25	$1.37	$1.18	-13.9%	—	—	—
Q4 24	$1.4	$1.45	+3.6%	—	—	—
Q3 24	$1.25	$1.45	+16.0%	—	—	—
Q2 24	$1.15	$1.31	+13.9%	—	—	—
Q1 24	$1.47	$1.48	+0.7%	—	$3.8B	—
Q3 23	$1.58	$1.66	+5.1%	—	$3.9B	—
Q2 23	$1.37	$1.54	+12.4%	—	$3.6B	—
Q1 23	$0.73	$1.3	+78.1%	—	$3.2B	—
Q4 22	$1.06	$1.19	+12.3%	—	—	—
Q3 22	$1.1	$1.13	+2.7%	—	—	—
Q2 22	$0.98	$0.95	-3.1%	—	$2.9B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$110.6	—	—	$16B	—
FY24	—	$102.1	—	—	$878.3M	—
FY23	—	$103.8	—	—	$14.5B	—
FY22	—	$80.8	—	—	$11.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.6B	$7.1B	$7.9B	$8.5B	$5.4B	$8.7B	$11.9B	$14.5B	$878.3M	$16B
YoY change	+23.5%	+28.5%	+10.9%	+7.84%	-37.1%	+62.5%	+36.9%	+21.1%	-93.9%	+1.7K%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.6B	7.1B	7.9B	8.5B	5.4B	8.7B	11.9B	14.5B	878.3M	16B
Cost of revenue	2B	3.2B	3B	3B	2.8B	3.6B	4.6B	4.9B	291.2M	4.8B
Gross profit	3.5B	4B	4.9B	5.5B	2.5B	5.1B	7.3B	9.5B	587.1M	11.2B
Gross margin	63.4%	55.6%	61.6%	65.1%	46.9%	59%	61.5%	65.8%	66.8%	70.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	642.3M	587.9M	563.2M	542.7M	518.1M	586.5M	667.6M	661.4M	45.2M	871.3M
Operating expenses	760.3M	723M	735.8M	692.8M	599.2M	720.1M	845.3M	899.3M	59M	1.1B
Operating income	2.8B	3.2B	4.1B	4.9B	1.7B	4.1B	6.1B	8.1B	470.4M	8.9B
Operating margin	49.8%	45.4%	52.3%	56.9%	32.1%	47.1%	50.8%	55.8%	53.6%	56%
Non-operating income, net	-6.9M	-61.7M	-15.3M	-49.7M	79.7M	113.9M	-8.8M	-35M	4.6M	-45.6M
Pretax income	2.6B	3B	4B	4.6B	1.5B	3.8B	5.3B	7.1B	411.9M	7.6B
Income tax	746.8M	813.1M	1.1B	1.4B	394.5M	972.2M	1.4B	2B	124.3M	2.3B
Net income	1.9B	2.1B	2.9B	3.2B	1.1B	2.9B	3.9B	5B	287.6M	5.4B
Net margin	33.8%	30%	36.2%	37.8%	20.5%	32.8%	32.8%	34.7%	32.7%	33.6%
EBITDA	3.2B	3.7B	4.7B	5.4B	2.3B	4.7B	6.8B	9B	529.4M	10B
EPS	38.1	43.2	58	65.6	22.4	58.8	80.8	103.8	102.1	110.6
Diluted EPS	38.1	43.2	58	65.6	22.4	58.8	80.8	103.8	102.1	110.6

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.9B	3.7B	3.8B	3.5B	200.8M	239.8M	3.6B	4.4B	3.9B	4.1B	3.8B	4.5B
Cost of revenue	1.3B	1.3B	1.5B	1.1B	55.6M	79.8M	929.2M	1.5B	952.9M	1.4B	1.2B	1.5B
Gross profit	2.6B	2.4B	2.2B	2.4B	145.2M	160M	2.6B	2.9B	3B	2.7B	2.6B	3B
Gross margin	67.7%	63.8%	59.5%	69.1%	72.3%	66.7%	74%	65.8%	75.7%	65.9%	69.2%	66.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	154.8M	183.4M	173.3M	196.1M	10M	13M	207.7M	217.3M	213.3M	233M	235.8M	223.3M
Operating expenses	221.8M	243.1M	216.8M	251.9M	13.3M	17.3M	269.2M	283.7M	283.3M	296.1M	296.7M	292.1M
Operating income	2.3B	2B	1.8B	1.9B	117.6M	127.3M	2.1B	2.3B	2.4B	2.1B	2.1B	2.4B
Operating margin	58.2%	53.6%	47.7%	55.1%	58.6%	53.1%	59.2%	52.7%	61.2%	51.7%	54.5%	53.5%
Non-operating income, net	3.5M	-11.9M	-18.6M	35.6M	1.1M	2.4M	-11.3M	-27.1M	-4.3M	-2.9M	-910K	-6.8M
Pretax income	2B	1.8B	1.5B	1.8B	102.8M	108.5M	1.8B	1.9B	2.1B	1.8B	1.8B	2.1B
Income tax	586M	510.2M	437.7M	503.1M	27.7M	39.7M	507.1M	547.4M	594.2M	617.9M	531.5M	574.6M
Net income	1.4B	1.3B	1.1B	1.3B	75.1M	68.8M	1.3B	1.3B	1.5B	1.2B	1.2B	1.5B
Net margin	36.2%	33.8%	28.7%	36.9%	37.4%	28.7%	36.2%	30.8%	38.4%	29.7%	32.5%	33.1%
EBITDA	2.5B	2.2B	2.1B	2.2B	130.5M	142.3M	2.4B	2.5B	2.7B	2.4B	2.4B	2.7B
EPS	29.2	—	22.3	26.6	28.6	24.6	26.6	27.7	31.2	25.2	25.5	30.4
Diluted EPS	29.2	—	22.3	26.6	28.6	24.6	26.6	27.7	31.2	25.2	25.5	30.4

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	35.1B	42.2B	38.7B	60.8B	52.1B	53.9B	61.7B	83.4B	—	—	4.9B
Enterprise value	36.7B	44.5B	40.3B	62.2B	53.9B	55.9B	68.8B	91.7B	—	—	950.3M
Shares outstanding	1B	1B	1B	1B	1B	1B	997.8M	984.9M	2.8M	48.3M	48.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.7	19.7	13.5	18.8	47.5	18.8	15.8	16.6	—	—	16.3
P/S	6.32	5.92	4.89	7.13	9.71	6.18	5.17	5.77	—	—	0.3
P/B	5.24	5.84	4.54	6.15	4.81	4.8	7.21	8.47	—	—	9.22
EV/EBITDA	11.3	12.1	8.61	11.4	23.7	11.8	10.1	10.2	—	—	1.71
EV/Sales	6.62	6.24	5.1	7.29	10	6.4	5.76	6.34	—	—	1.03
Earnings yield	5.35%	5.07%	7.41%	5.31%	2.11%	5.31%	6.35%	6.02%	—	—	6.15%
FCF yield	6.46%	6.4%	9.05%	6.02%	2.2%	8.06%	7.7%	7.12%	—	—	2.53%
PEG	—	—	—	—	—	—	—	—	—	—	1.65

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	63.4%	55.6%	61.6%	65.1%	46.9%	59%	61.5%	65.8%	66.8%	70.1%	66.6%
Operating margin	49.8%	45.4%	52.3%	56.9%	32.1%	47.1%	50.8%	55.8%	53.6%	56%	53.5%
Net margin	33.8%	30%	36.2%	37.8%	20.5%	32.8%	32.8%	34.7%	32.7%	33.6%	33.2%
ROE	28.1%	29.6%	33.6%	32.6%	10.1%	25.5%	45.8%	51%	46.8%	47%	60.5%
ROA	13.9%	15.1%	18.4%	18.7%	6.04%	12.5%	17%	19.9%	18.1%	17.3%	18.1%
ROIC	23.6%	24.6%	29.3%	30.4%	10.1%	23.3%	28.8%	31.6%	27.7%	27.5%	30.1%
Return on tangible assets	362.1%	-195%	-185.6%	-256.7%	-48.4%	-606.4%	-81.4%	-66%	-48.4%	-54.9%	-50.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.7	3.17	3.23	3.89	1.12	1.59	1.06	1.98	1.31	1.32	0.66
Quick ratio	3.7	3.17	3.23	3.89	1.12	1.59	1.06	1.98	1.31	1.32	0.66
Debt / equity	0.7	0.65	0.54	0.48	0.43	0.7	1.21	1.11	1.09	1.19	1.54
Debt / assets	0.35	0.33	0.3	0.28	0.26	0.35	0.45	0.43	0.42	0.44	0.45
Net debt / EBITDA	0.52	0.62	0.35	0.25	0.77	0.41	1.04	0.92	1.08	1.14	1.15
Interest coverage	8.93	9.36	13.2	13.2	4.55	8.42	6.67	6.56	6.32	6.17	6.29
Effective tax rate	28.5%	27.6%	28.1%	29.8%	26.4%	25.3%	26%	28.9%	30.2%	29.7%	29.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.47	7.01	7.78	8.4	5.32	8.68	12	14.7	312.3	330.7	338.3
EPS (basic)	38.1	43.2	58	65.6	22.4	58.8	80.8	103.8	102.1	110.6	110.6
EPS (diluted)	38.1	43.2	58	65.6	22.4	58.8	80.8	103.8	102.1	110.6	6.34
Book value per share	6.59	7.11	8.37	9.74	10.7	11.2	8.57	9.99	218.4	236.7	11.2
FCF per share	2.23	2.65	3.44	3.61	1.14	4.33	4.76	6.02	121.7	150.9	140.5
Cash per share	2.96	2.34	2.93	3.38	2.93	5.96	3.34	2.62	34.3	44.5	53.4
Capex per share	0.09	0.22	0.21	0.06	0.15	0.1	0.24	0.41	6.65	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.61%	3.09%	2.67%	0.66%	2.84%	1.14%	1.98%	2.79%	2.13%	—	—
Capex / operating cash flow	4.36%	8.72%	6.06%	1.23%	9.34%	2.22%	3.96%	5.16%	4.07%	—	—
Payout ratio	73.1%	73.7%	56.1%	49.5%	0%	69.1%	168.9%	74.5%	85.5%	83.3%	85.3%
Dividend yield	3.91%	3.73%	4.15%	2.63%	0%	3.67%	10.7%	4.48%	—	—	5.73%

Yield

5.73%

trailing twelve months

Frequency

Semi-annual

Last dividend

$2.9165

ex-dividend May 26, 2026

Payout ratio

85%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
May 26, 2026	$2.9165
Nov 26, 2025	$2.5219
May 23, 2025	$2.3499
Nov 19, 2024	$2.1905
May 21, 2024	$2.5963
Sep 18, 2023	$0.6009

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.9B	$3.7B	$3.8B	$3.5B	$200.8M	$239.8M	$3.6B	$4.4B	$3.9B	$4.1B	$3.8B	$4.5B
YoY change	—	—	+16.6%	-3.36%	-94.9%	-93.5%	-4.96%	+24.4%	+1.9K%	+1.6K%	+6.94%	+2.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	3B	2.4B	3B	3.4B	3B	6B	3.3B	2.6B	96.5M	2.2B
Receivables	714.1M	630.8M	696.6M	757.8M	833.6M	1.1B	1.3B	1.3B	107.6M	2B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	4.1B	3.5B	4B	4.8B	4.7B	7.8B	5.6B	4.9B	250.1M	6.3B
Property, plant & equipment	2.4B	2.6B	2.7B	2.9B	2.9B	2.9B	2.7B	3B	188.7M	3.2B
Goodwill & intangibles	13B	15.3B	17.1B	18.5B	20.5B	23.4B	27.9B	32.8B	2.2B	40.7B
Total assets	13.5B	14.2B	15.6B	17.3B	18.2B	22.9B	23.1B	25.2B	1.6B	30.9B
Accounts payable	212.9M	200.6M	155.9M	140.8M	107.5M	123.3M	223.2M	286.3M	27.3M	675.3M
Short-term debt	56.1M	57.4M	54.4M	109.2M	3B	2.7B	2.7B	44.9M	36.1M	1.7B
Total current liabilities	1.1B	1.1B	1.2B	1.2B	4.2B	4.9B	5.3B	2.5B	190.4M	4.7B
Long-term debt	4.6B	4.6B	4.6B	4.7B	1.7B	5.2B	7.7B	10.8B	631.7M	11.9B
Total liabilities	6.9B	7B	7.1B	7.4B	7.4B	11.7B	14.5B	15.4B	972.4M	19.5B
Shareholders' equity	6.7B	7.2B	8.5B	9.9B	10.8B	11.2B	8.6B	9.8B	614.4M	11.4B
Total debt	4.7B	4.7B	4.6B	4.8B	4.7B	7.9B	10.4B	10.9B	667.8M	13.6B
Net debt	1.7B	2.3B	1.7B	1.3B	1.7B	1.9B	7.1B	8.3B	571.3M	11.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	2.8B	2.6B	3.4B	1.6B	130M	96.5M	2.3B	3.4B	4.4B	2.2B	3.7B	2.6B
Receivables	1.4B	1.3B	1.3B	1.7B	95.3M	107.6M	1.8B	1.9B	2B	2B	1.9B	2.2B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	5.3B	4.9B	5.6B	4.1B	265.9M	250.1M	5.2B	6.3B	7.6B	6.3B	7.1B	6.1B
Property, plant & equipment	2.8B	3B	3B	3.1B	174.5M	188.7M	3.3B	3.3B	3.1B	3.2B	3.1B	3.2B
Goodwill & intangibles	29B	32.8B	34.6B	35.4B	2B	2.2B	37.9B	39.4B	39.8B	40.7B	41.4B	42.7B
Total assets	23.4B	25.2B	26.8B	25.9B	1.5B	1.6B	28.4B	30.4B	31.8B	30.9B	32.1B	32B
Accounts payable	392.8M	286.3M	808.7M	2.6B	132.2M	27.3M	632.9M	2.9B	2.7B	675.3M	698.3M	2.8B
Short-term debt	30.9M	44.9M	38.1M	32.1M	1.4M	36.1M	457.6M	1B	1.7B	1.7B	3.4B	4.1B
Total current liabilities	2.6B	2.5B	3B	4.8B	245.6M	190.4M	2.9B	6.1B	6.7B	4.7B	6.3B	9.3B
Long-term debt	10.8B	10.8B	10.8B	10.8B	587.6M	631.7M	10.8B	12.6B	11.9B	11.9B	10.2B	10.2B
Total liabilities	15.2B	15.4B	15.9B	17.9B	965.5M	972.4M	16.6B	21.6B	21.6B	19.5B	19.4B	22.7B
Shareholders' equity	8.2B	9.8B	10.9B	8B	508.3M	614.4M	11.8B	8.7B	10.2B	11.4B	12.7B	9.3B
Total debt	10.9B	10.9B	10.9B	10.9B	589M	667.8M	11.3B	13.6B	13.6B	13.6B	13.6B	14.3B
Net debt	8B	8.3B	7.4B	9.3B	459M	571.3M	9B	10.2B	9.1B	11.4B	9.9B	11.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.6B	3B	4B	4.6B	1.5B	3.8B	5.3B	7.1B	411.9M	7.6B
Depreciation & amortization	276.6M	299.2M	351.7M	415.3M	435.3M	487.2M	551.2M	641.3M	44.1M	877.6M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-397.2M	-116.2M	-16.5M	-643.5M	-526.3M	-100.2M	-464.7M	-650.9M	-49.8M	-282.7M
Operating cash flow	2.1B	2.5B	3.5B	4.6B	1.6B	4.5B	6B	7.8B	460M	7.4B
Capital expenditure	-89.5M	-220.4M	-211M	-55.9M	-152.6M	-99.8M	-236.4M	-403.5M	-18.7M	—
Investing cash flow	-571.5M	-1.7B	-1.3B	-1.1B	-1.4B	-1.9B	-2.9B	-3.1B	-160.5M	-2.5B
Dividends paid	-1.4B	-1.6B	-1.6B	-1.6B	0	-2B	-6.6B	-3.7B	-245.9M	-4.5B
Share repurchases	—	-34.2M	0	-244.2M	-150M	-474.9M	0	0	—	—
Financing cash flow	-1.2B	-1.6B	-1.6B	-1.9B	-208M	3.4B	-2.9B	-3.2B	-207.6M	-2.4B
Net change in cash	278M	-759.7M	605.7M	1.5B	-9.5M	5.9B	97.4M	1.5B	91.9M	2.6B
Free cash flow	2.3B	2.7B	3.5B	3.7B	1.1B	4.3B	4.7B	5.9B	342.3M	7.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2B	1.8B	1.5B	1.8B	102.8M	108.5M	1.8B	1.9B	2.1B	1.8B	1.8B	2.1B
Depreciation & amortization	165.4M	171.5M	178.9M	186.1M	10.4M	11.7M	207.6M	217.5M	222.2M	230.2M	231.3M	234.1M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-356.7M	347.5M	123.2M	-674.6M	1.3M	-4.2M	155.8M	-203.5M	-89.2M	31.6M	4.5M	-411.1M
Operating cash flow	1.9B	2.7B	1.9B	1.5B	125.8M	140.6M	2.4B	2.1B	1.9B	1.8B	1.7B	1.8B
Capital expenditure	-124.3M	-112.9M	-47.3M	-133.6M	-3.1M	-5.4M	-35.3M	-28.4M	—	—	—	—
Investing cash flow	-148.9M	-2.8B	-58.6M	-606.7M	-3.3M	-145.8M	-36.2M	-32M	-457K	-2.5B	-1.7M	469K
Dividends paid	-502.1M	0	0	-2.1B	0	-123.4M	0	-2.2B	-9.1M	-2.2B	0	-2.4B
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-516.9M	13.6M	43.4M	-2.1B	-623.6K	-88.8M	-167.1M	80.1M	-9M	-2.3B	-39.4M	-1.8B
Net change in cash	1.3B	-67M	1.9B	-1.2B	121.9M	-94M	2.2B	2.2B	1.9B	-2.9B	1.7B	-3.3M
Free cash flow	950.9M	3.2B	1B	908.7M	55M	197.3M	1.1B	1.2B	1.4B	3.6B	887.7M	921.5M

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement