Cemex S.A.B. de C.V. Sponsored ADR (CX) 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	$0.18	$0.24	+33.3%	—	$4.6B	—
Q1 26	$0.11	$0.17	+54.5%	—	$4B	—
Q4 25	$0.2	-$0.24	-220.0%	—	$4.2B	—
Q3 25	$0.17	$0.18	+5.9%	—	$4.2B	—
Q2 25	$0.19	$0.22	+15.8%	—	$4.1B	—
Q1 25	$0.05	$0.5	+900.0%	—	$3.6B	—
Q4 24	$0.04	$0.03	-25.0%	—	$3.8B	—
Q3 24	$0.19	$0.14	-26.3%	—	$4.1B	—
Q2 24	$0.25	$0.17	-32.0%	—	$4.5B	—
Q1 24	$0.19	$0.2	+5.3%	—	$4.1B	—
Q4 23	$0.19	$0.12	-36.8%	—	$4.2B	—
Q3 23	$0.21	$0.09	-57.1%	—	$4.4B	—
Q2 23	$0.19	$0.2	+5.3%	—	$4.5B	—
Q1 23	$0.12	$0.2	+66.7%	—	$4B	—
Q4 22	$0.14	$0.15	+7.1%	—	$3.9B	—
Q3 22	$0.18	$0.18	0.0%	—	$4B	—

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	—	$0.66	—	—	$16.1B	—
FY24	—	$0.65	—	—	$16.2B	—
FY23	—	$0.13	—	—	$17.4B	—
FY22	—	$0.59	—	—	$15.6B

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	$582.5M	$625.3M	$13.5B	$13B	$12.7B	$14.4B	$15.6B	$17.4B	$16.2B	$16.1B
YoY change	-5.17%	+7.35%	+2.1K%	-4.23%	-2.24%	+13.5%	+8.33%	+11.6%	-6.83%	-0.42%

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	582.5M	625.3M	13.5B	13B	12.7B	14.4B	15.6B	17.4B	16.2B	16.1B
Cost of revenue	373.5M	404.7M	8.8B	8.7B	8.6B	9.7B	10.8B	11.5B	10.8B	10.8B
Gross profit	209M	220.6M	4.7B	4.2B	4.1B	4.6B	4.8B	5.9B	5.4B	5.3B
Gross margin	35.9%	35.3%	34.6%	32.8%	32.2%	32.2%	31%	33.7%	33.6%	32.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	125.9M	136.7M	3B	1.1B	1.1B	1B	1.2B	1.4B	1.5B	1.6B
Operating expenses	125.9M	2.8B	3B	2.8B	2.6B	2.1B	3.1B	3.5B	3.4B	3.3B
Operating income	83.2M	83.9M	1.7B	1.3B	1.3B	2.3B	1.6B	2.1B	1.8B	1.8B
Operating margin	14.3%	13.4%	12.6%	10%	10.2%	16.1%	10%	12.2%	11.3%	11.1%
Non-operating income, net	9.6M	2.6M	-213M	-309M	-1.7B	-751M	-265M	-88M	-271M	-503M
Pretax income	41.1M	32M	717M	238M	-1.3B	954M	770M	1.4B	980M	789M
Income tax	7.3M	774K	224M	157M	36M	137M	209M	1.3B	67M	385M
Net income	35.5M	41.9M	570M	179M	-1.4B	778M	885M	199M	960M	970M
Net margin	6.09%	6.71%	4.21%	1.38%	-11.4%	5.41%	5.68%	1.14%	5.93%	6.01%
EBITDA	120.6M	130.1M	2.7B	2.4B	2.4B	3.5B	2.7B	3.4B	3.2B	3.2B
EPS	0.46	0.52	0.34	0.09	-1	0.51	0.59	0.13	0.65	0.66
Diluted EPS	0.46	0.52	0.34	0.09	-1	0.5	0.58	0.12	0.64	0.65

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	4.4B	4.2B	4.1B	4.5B	4.1B	3.8B	3.6B	4.1B	4.2B	4.2B	4B	4.6B
Cost of revenue	2.9B	2.8B	2.7B	2.9B	2.7B	2.6B	2.5B	2.7B	2.8B	2.8B	2.7B	3B
Gross profit	1.5B	1.4B	1.4B	1.6B	1.3B	1.2B	1.1B	1.4B	1.4B	1.4B	1.3B	1.6B
Gross margin	34.1%	34%	33.6%	35.7%	32.8%	32.1%	31.1%	34%	33.6%	32.6%	32.8%	35.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	880.9M	-1.2B	881M	900.2M	855.8M	-1.1B	783.3M	850M	878.3M	-1B	867M	937.3M
Operating expenses	880.9M	-1.2B	881M	900.2M	855.8M	-1.1B	783.3M	850M	878.3M	-1B	867M	937.3M
Operating income	557M	432.5M	451.6M	647.1M	427.7M	374.3M	292.2M	491.3M	547.3M	456.9M	453M	680.6M
Operating margin	12.8%	10.3%	10.9%	14.4%	10.5%	9.82%	8.01%	11.9%	12.9%	10.9%	11.3%	14.8%
Non-operating income, net	-95.2M	24M	6.1M	-130.2M	-75.9M	-84.1M	10.4M	74M	-65.6M	-524.1M	-15M	-57.1M
Pretax income	338.5M	251.2M	302.4M	365.4M	194.7M	185.7M	174.5M	428.7M	360.8M	-182.7M	325M	495.4M
Income tax	214.9M	693M	43.9M	106.9M	-18.7M	-54.8M	51.3M	100.1M	120.9M	112.5M	94M	139.7M
Net income	135.3M	-441.8M	258.5M	238.6M	408.5M	53.3M	741.7M	317.1M	272M	-360.9M	234M	355.5M
Net margin	3.1%	-10.5%	6.25%	5.31%	9.99%	1.4%	20.3%	7.69%	6.41%	-8.63%	5.82%	7.74%
EBITDA	559.9M	684.2M	479.6M	729.3M	474.3M	545.3M	297M	484.4M	769.5M	1.2B	798M	924.4M
EPS	0.09	-0.3	0.17	0.16	0.27	0.03	0.51	0.22	0.18	-0.25	0.16	0.24
Diluted EPS	0.09	-0.3	0.17	0.16	0.27	0.03	0.51	0.22	0.18	-0.25	0.16	0.24

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	11.5B	11.4B	7.4B	5.7B	7.6B	10B	6B	11.2B	8.2B	16.7B	13.8B
Enterprise value	12.1B	11.8B	8B	16.7B	17.8B	18.5B	14.3B	18.8B	14.7B	21.6B	20.7B
Shares outstanding	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.4B	1.5B	1.5B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	323.6	271.2	13	32	—	12.8	6.76	56.5	8.5	17.2	27.7
P/S	19.7	18.2	0.55	0.44	0.6	0.69	0.38	0.65	0.5	1.03	0.82
P/B	25	22.2	13.9	0.53	0.85	0.97	0.55	0.93	0.65	1.22	1.13
EV/EBITDA	100.3	90.8	2.99	7.01	7.5	5.31	5.27	5.45	4.6	6.83	6.38
EV/Sales	20.8	18.9	0.59	1.29	1.41	1.29	0.92	1.08	0.9	1.34	1.22
Earnings yield	0.31%	0.37%	7.67%	3.13%	—	7.82%	14.8%	1.77%	11.8%	5.82%	3.6%
FCF yield	0.68%	0.51%	10.5%	10.3%	13.2%	8.79%	6.93%	8.75%	7.33%	4.58%	8.16%
PEG	—	—	—	—	—	—	—	—	—	—	3.06

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	35.9%	35.3%	34.6%	32.8%	32.2%	32.2%	31%	33.7%	33.6%	32.9%	35.2%
Operating margin	14.3%	13.4%	12.6%	10%	10.2%	16.1%	10%	12.2%	11.3%	11.1%	13.7%
Net margin	6.09%	6.71%	4.21%	1.38%	-11.4%	5.41%	5.68%	1.14%	5.93%	6.01%	2.83%
ROE	7.73%	8.18%	106.6%	1.65%	-16.2%	7.57%	8.11%	1.64%	7.69%	7.11%	4.01%
ROA	2.54%	2.9%	40.4%	0.61%	-5.27%	2.92%	3.35%	0.7%	3.52%	3.35%	4.73%
ROIC	6.38%	8.56%	107.6%	2.03%	6.73%	10.6%	5.91%	1.48%	8.98%	4.93%	6.04%
Return on tangible assets	14.3%	14.5%	218.9%	2.86%	-20.6%	10.8%	11.2%	2.11%	11.1%	9.05%	5.01%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.08	0.62	0.71	0.85	0.79	0.79	0.82	0.74	0.82	0.83	0.92
Quick ratio	0.86	0.45	0.49	0.66	0.61	0.55	0.52	0.47	0.58	0.62	0.68
Debt / equity	1.39	0.93	1.06	1.09	1.25	0.89	0.81	0.67	0.59	0.5	0.54
Debt / assets	0.46	0.33	0.4	0.4	0.41	0.34	0.33	0.29	0.27	0.23	0.24
Net debt / EBITDA	5.08	3.41	0.21	4.61	4.3	2.45	3.06	2.19	2.04	1.57	1.63
Interest coverage	1.82	1.61	1.99	1.32	-0.64	2.57	2.44	3.52	2.65	2.6	2.95
Effective tax rate	17.7%	2.42%	31.2%	66%	0%	14.4%	27.1%	86.3%	6.84%	48.8%	46.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.39	0.41	8.77	8.56	8.61	9.8	10.5	12	11.2	11.1	11.8
EPS (basic)	0.46	0.52	0.34	0.09	-1	0.51	0.59	0.13	0.65	0.66	0.66
EPS (diluted)	0.46	0.52	0.34	0.09	-1	0.5	0.58	0.12	0.64	0.65	0.35
Book value per share	0.31	0.34	0.35	7.15	6.09	7	7.38	8.35	8.62	9.4	8.59
FCF per share	0.05	0.04	0.5	0.39	0.68	0.6	0.28	0.68	0.41	0.53	1.11
Cash per share	0.02	0.02	0.01	0.52	0.65	0.42	0.33	0.43	0.6	1.26	0.45
Capex per share	0.01	0.02	0.39	0.43	0.37	0.53	0.61	0.67	0.69	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.83%	4.39%	4.44%	5.02%	4.25%	5.4%	5.84%	5.57%	6.17%	—	—
Capex / operating cash flow	7.81%	20%	24.6%	30.5%	73.7%	27.4%	49.4%	30.3%	28.3%	—	—
Payout ratio	—	0%	0%	0%	0%	0%	0%	0%	9.38%	13.1%	28%
Dividend yield	—	0%	0%	0%	0%	0%	0%	0%	1.1%	0.76%	1.28%

Yield

1.28%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.031

ex-dividend Sep 15, 2026

Payout ratio

28%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.031
Jun 17, 2026	$0.031
Mar 11, 2026	$0.023
Jun 17, 2025	$0.022
Mar 10, 2025	$0.0207
Dec 10, 2024	$0.0207
Sep 13, 2024	$0.0207
Jun 17, 2024	$0.0207

Split history

Date	Ratio

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	$4.4B	$4.2B	$4.1B	$4.5B	$4.1B	$3.8B	$3.6B	$4.1B	$4.2B	$4.2B	$4B	$4.6B
YoY change	+10.3%	+8.97%	+2.52%	+0.25%	-6.28%	-9.59%	-11.8%	-8.2%	+3.81%	+9.67%	+10.1%	+11.3%

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	27.1M	33.8M	14.9M	788M	950M	613M	495M	624M	864M	1.8B
Receivables	70.4M	75.3M	72M	1.5B	1.5B	1.5B	1.6B	1.8B	1.6B	1.8B
Inventory	42.3M	46.4M	52.3M	989M	971M	1.3B	1.7B	1.8B	1.5B	1.5B
Total current assets	206.5M	175.9M	165.5M	4.6B	4.2B	4.2B	4.5B	5B	5B	6.1B
Property, plant & equipment	418.6M	22.9B	1.7B	9B	8.6B	8.4B	8.6B	9.5B	8.5B	8.9B
Goodwill & intangibles	1.2B	1.2B	1.2B	23.1B	20.4B	19.4B	18.5B	19B	18.6B	18.2B
Total assets	1.4B	1.4B	1.4B	29.4B	27.4B	26.6B	26.4B	28.4B	27.3B	28.9B
Accounts payable	94.2M	114.3M	122.7M	2.5B	2.6B	2.8B	3B	3.1B	3.1B	3.1B
Short-term debt	30.1M	41.8M	43.5M	1.4B	1.1B	940M	987M	975M	1.1B	1.5B
Total current liabilities	191.5M	285.7M	232M	5.4B	5.4B	5.4B	5.5B	6.8B	6.1B	7.3B
Long-term debt	609.4M	435.8M	525.3M	10.3B	10.1B	8.2B	7.8B	7.2B	6.2B	5.3B
Total liabilities	941M	933M	877M	18.5B	18.5B	16.4B	15.5B	16.3B	14.8B	15.3B
Shareholders' equity	459.3M	512.7M	534.7M	10.8B	9B	10.3B	10.9B	12.1B	12.5B	13.6B
Total debt	639.5M	477.6M	568.8M	11.8B	11.2B	9.2B	8.8B	8.2B	7.4B	6.8B
Net debt	612.3M	443.8M	553.9M	11B	10.2B	8.5B	8.3B	7.5B	6.5B	5B

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	Q3 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	532.5M	624M	475.7M	425.4M	422.3M	864M	1.2B	1.2B	1.4B	1.8B	687M	887.6M
Receivables	2B	1.8B	1.9B	2B	1.9B	1.6B	1.8B	1.9B	2B	1.8B	1.9B	2.1B
Inventory	1.7B	1.8B	1.8B	1.6B	1.6B	1.5B	1.6B	1.6B	1.6B	1.5B	1.5B	1.6B
Total current assets	5.1B	5B	5.2B	5.8B	6B	5B	5.4B	5.7B	6B	6.1B	5.6B	5.9B
Property, plant & equipment	—	9.5B	—	—	—	8.5B	—	—	10.7B	8.9B	8.7B	10.4B
Goodwill & intangibles	—	19B	—	—	—	18.6B	—	—	19.2B	18.2B	17.9B	18.3B
Total assets	27.7B	28.4B	28.6B	28B	28B	27.3B	28B	28.8B	29B	28.9B	28.1B	28.3B
Accounts payable	—	3.1B	—	—	—	3.1B	—	—	2.9B	3.1B	2.8B	3B
Short-term debt	—	975M	—	—	—	1.1B	—	—	768.7M	1.5B	1.3B	438.3M
Total current liabilities	5.7B	6.8B	6.7B	6.4B	6.1B	6.1B	6.2B	6.6B	6.5B	7.3B	6.5B	6.4B
Long-term debt	—	7.2B	—	—	—	6.2B	—	—	6B	5.3B	5.6B	6.4B
Total liabilities	15.2B	16.3B	16.5B	15.9B	15.6B	14.8B	14.6B	15.1B	15.1B	15.3B	14.7B	15.4B
Shareholders' equity	12.5B	12.1B	12.1B	12.1B	12.4B	12.5B	13.4B	13.7B	13.9B	13.6B	13.4B	12.8B
Total debt	—	8.2B	—	—	—	7.4B	—	—	6.8B	6.8B	6.9B	6.9B
Net debt	—	7.5B	—	—	—	6.5B	—	—	5.6B	5B	6.2B	6.2B

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	33.8M	31.2M	493M	81M	-1.3B	817M	561M	199M	913M	404M
Depreciation & amortization	37.3M	46.6M	982M	1B	1.1B	1.1B	1.1B	1.2B	1.3B	1.3B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	18.3M	15.2M	16M	80M	47M	23M	-405M	17M	366M	-115M
Operating cash flow	136.5M	137.4M	2.4B	2.1B	730M	2.8B	1.8B	3.2B	3.5B	2B
Capital expenditure	-10.7M	-27.4M	-601M	-651M	-538M	-776M	-909M	-968M	-1B	—
Investing cash flow	-9.5M	30.9M	-628M	-146M	140M	-64M	-580M	-1.1B	55M	1B
Dividends paid	—	0	0	0	0	0	0	0	-90M	-127M
Share repurchases	0	0	-75M	-50M	-83M	0	-111M	0	0	—
Financing cash flow	-92.5M	-113M	-1.2B	-425M	-1.5B	-1.8B	-874M	-536M	-1.1B	-648M
Net change in cash	34.5M	55.4M	648M	1.6B	-626M	942M	385M	1.5B	2.5B	2.3B
Free cash flow	77.6M	57.7M	779M	588M	1B	875M	415M	984M	598M	763M

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	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q3 25	Q4 25	Q1 26	Q2 26
Net income	91M	154M	-172M	16M	15M	-1.4B	89M	640M	272M	-926.9M	231M	358.6M
Depreciation & amortization	258M	261M	241M	273M	276M	275M	293M	278M	334.9M	324M	341M	337.6M
Stock-based compensation	—	—	—	—	—	—	—	—	0	—	—	—
Change in working capital	18M	50M	414M	-350M	-42M	-39M	478M	-255M	65.7M	465.3M	-474M	-29.2M
Operating cash flow	618M	680M	712M	145M	453M	-930M	1.1B	999M	740.6M	1B	141M	749.3M
Capital expenditure	-94M	-179M	-91M	-126M	-84M	-82M	-246M	-122M	—	—	—	—
Investing cash flow	6M	-190M	-123M	353M	-87M	108M	-233M	500M	-37.9M	231.2M	-183M	-76M
Dividends paid	—	0	-75M	—	—	0	0	—	-32.5M	-32M	-32M	-44.6M
Share repurchases	0	-50M	40M	-83M	0	0	0	0	0	—	-100M	177K
Financing cash flow	-61M	-188M	-267M	337M	-692M	-21M	-242M	-262M	-309.4M	-3.1B	-829M	-690.1M
Net change in cash	563M	302M	322M	835M	-326M	-843M	634M	1.2B	393.3M	-1.9B	-871M	-16.9M
Free cash flow	255M	228M	630M	-182M	109M	503M	557M	-15M	414.9M	713.2M	-4M	492.8M

May 3, 2017	104:100
Apr 29, 2016	104:100
Apr 28, 2015	104:100
Apr 22, 2014	104:100
Apr 23, 2013	26:25
Mar 27, 2012	26:25
Mar 25, 2011	1:1
Jun 2, 2010	1:1
May 29, 2009	104:100
Jul 24, 2006	2:1

Cemex S.A.B. de C.V. Sponsored 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

Split history

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