The biggest companies in Mexico in 2022 have been assessed based on their revenue, profits, assets and market cap. For all data, we have consulted Yahoo Finance for the latest information and where the data has been provided in Mexico Peso, we have converted it to USD. So, without further ado, let’s take a look ag the giants of one of the biggest developing countries in the world, starting with number 15:
15. Megacable Holdings
Total revenue of the company (in billions): 1.3
Total profit of the company (in billions): 0.2
Total assets of the company (in billions): 2.8
Total market cap of the company (in billions): 6.1
The cable operator provides internet and phone services in Mexico, with services in over 250 cities located in 25 states.
14. Becle
Total revenue of the company (in billions): 2.0
Total profit of the company (in billions): 0.3
Total assets of the company (in billions): 4.9
Total market cap of the company (in billions): 7.7
Becle is a spirits company and is the biggest tequila company in the world. It currently has more than 30 brands of alcohol beverages while its products are available in 85 countries.
13. Grupo Elektra
Total revenue of the company (in billions): 7.5
Total profit of the company (in billions): 0.7
Total assets of the company (in billions): 21.8
Total market cap of the company (in billions): 12.3
The financial and retailing company is considered to be the biggest non-bank provider of cash advance services in the United States and has operations in Latin America. It operates through more than 7,000 points of contacts across the world and has separate commercial and financial divisions.
12. Arca Continental
Total revenue of the company (in billions): 9.6
Total profit of the company (in billions): 0.6
Total assets of the company (in billions): 13.3
Total market cap of the company (in billions): 15.3
A producer of snacks and beverages, Arca Continental operated in Mexico, Ecuador and the United States. It is the second largest Coca-Cola bottler in Latin America.
11. CEMEX, S.A.B. de C.V. (NYSE:CX)
Total revenue of the company (in billions): 14.5
Total profit of the company (in billions): 0.8
Total assets of the company (in billions): 26.7
Total market cap of the company (in billions): 6.3
The biggest building materials company in Mexico, CEMEX, S.A.B. de C.V. (NYSE:CX) engages in the manufacture and distribution of ready-to-mix concrete, cement and aggregates. CEMEX, S.A.B. de C.V. (NYSE:CX) has operations in more than 50 countries and is considered to be among the biggest cement company in the world. CEMEX, S.A.B. de C.V. (NYSE:CX) currently operates more than 60 cement plants and 1,348 ready-to-mix concrete facilities in addition to hundreds of quarries and distribution centers.
10. Grupo Inbursa
Total revenue of the company (in billions): 2.5
Total profit of the company (in billions): 1.1
Total assets of the company (in billions): 29.4
Total market cap of the company (in billions): 11.6
One of the biggest Mexican companies in 2022, Grup Inbursa is a finance company which is owned by Mexican billionaire Carlos Slim. Among the many products offer by the company are general insurance, automobile insurance, health insurance, mortgages, retirement funds and commercial banking.
9. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX)
Total revenue of the company (in billions): 3.5
Total profit of the company (in billions): 1.1
Total assets of the company (in billions): 86.3
Total market cap of the company (in billions): 7.9
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) is the Mexican subsidiary of Banco Santander, a major Spanish bank. Founded over 30 years ago, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) is headquartered in Mexico City.
8. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)
Total revenue of the company (in billions): 10
Total profit of the company (in billions): 0.8
Total assets of the company (in billions): 14.0
Total market cap of the company (in billions): 13.9
Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) is jointly owned by FEMSA and the Coca-Cola company, with the remaining shares listed on the Mexican and New York stock exchanges. The biggest Coca-Cola bottler in the world, Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has operations throughout Latin America. In 2015, Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) opened two $500 million bottling plants in Colombia and Brazil while it purchased VONPAR in Brazil in 2016.
7. Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)
Total revenue of the company (in billions): 28.6
Total profit of the company (in billions): 1.5
Total assets of the company (in billions): 35.2
Total market cap of the company (in billions): 7.7
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) is a beverage retail company which is headquartered in Monterrey. Operating the biggest independent Coca-Cola bottling group in the world, Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) also runs the biggest convenience store in the country. The multinational has a presence in several countries in Latin America.
6. Grupo Bimbo
Total revenue of the company (in billions): 17.9
Total profit of the company (in billions): 0.8
Total assets of the company (in billions): 15.8
Total market cap of the company (in billions): 18.9
The Mexican multinational is the biggest food processing company in the country and has operations in over 33 countries and five continents including Asia, North America, South America, Africa, and Europe. The company has 134,000 employees in addition to 196 bakery plants and a global distribution network that has more than 57,000 routes. There are more than 100 brands owned by the company.
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