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Grupo Carso, S.A.B. de C.V. MXN

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Grupo Carso is a diversified industrial and services holding (retail, manufacturing, construction and infrastructure, telecom-related assets).

Sector: Industrial conglomerate

MX_CARSO

Price chart

138.5 MXNDay 1.86%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
138.5 MXN · 1.86%
Market cap
312.3 bn MXN

Growth

Δ revenue y/y
-4.3%
Δ EBITDA y/y
-10.3%

Multiples

P/E (LTM)
39.4x
P/B (FY)
1.9x
P/E (ann.)
51.2x
EV/EBITDA (LTM)
19.8x
EV/EBITDA (ann.)
27.9x

Cash return

Dividend yield
1.1%
FCF yield (LTM)
12.7%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
29.9 mln MXN

Shares: yahoo_fundamentals_timeseries/GCARSOA1.MX

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 13 / Err: 1 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-06-30 H1Warn 1
2023-09-30 9MWarn 1
2023-12-31 FYWarn 1
2024-03-31 Q1Errors 1Warn 1
2024-06-30 H1Warn 1
2024-09-30 9MWarn 1
2024-12-31 FYWarn 1
2024-12-31 Q4Warn 1
2025-03-31 Q1Warn 1
2025-06-30 H1Warn 1
2025-09-30 9MWarn 1
2025-12-31 FYWarn 1
2025-12-31 Q4Warn 1
2026-03-31 Q1Warn 1
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B MXN, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB MXNOperating profitB MXND&AB MXNEBITDAB MXNNet profitB MXNOperating CFB MXNCapex + M&AB MXNAssetsB MXNEquityB MXNROE (annualized)Net debtB MXNSource
2026-03-31Q1 2026 (3M)PARTIAL44.1
y/y -4.3%
3.0
y/y -10.3%
y/y
3.0
y/y -10.3%
1.5
y/y -6.6%
252.9
y/y -9.1%
135.4
y/y -17.6%
4.0%17.5Link
2025-12-31Q4 2025 (3M)PARTIAL54.9
y/y -7.1%
4.1
y/y -41.6%
0.0
y/y
4.1
y/y -41.6%
3.1
y/y -28.6%
4.6266.8
y/y -5.2%
166.4
y/y 17.6%
4.9%31.5Link
2025-09-30Q3 2025 (3M)PARTIAL45.5
y/y -5.0%
3.2
y/y -22.4%
0.0
y/y
3.2
y/y -22.4%
0.7
y/y -53.5%
14.4272.1
y/y -0.6%
164.4
y/y 5.6%
4.1%47.0Link
2025-06-30Q2 2025 (3M)PARTIAL45.2
y/y -3.3%
6.4
y/y -13.7%
0.0
y/y
6.4
y/y -13.7%
2.7
y/y -43.8%
-1.5268.9
y/y -0.7%
161.0
y/y 6.5%
5.3%47.3Link
2025-03-31Q1 2025 (3M)PARTIAL46.1
y/y 0.0%
3.3
y/y -40.5%
0.0
y/y
3.3
y/y -40.5%
1.6
y/y -45.9%
7.5278.3
y/y 12.6%
164.3
y/y 26.6%
4.3%52.9Link
2024-12-31Q4 2024 (3M)PARTIAL59.1
y/y 6.6%
7.0
y/y 9.3%
0.0
y/y
7.0
y/y 9.3%
4.3
y/y 22.9%
12.6281.6
y/y 12.3%
141.4
y/y -2.1%
10.1%57.1Link
2024-09-30Q3 2024 (3M)PARTIAL49.5
y/y 0.6%
5.4
y/y -7.4%
0.0
y/y
5.4
y/y -7.4%
3.0
y/y 5.3%
273.8
y/y 10.3%
155.7
y/y 7.2%
9.3%58.1Link
2024-06-30Q2 2024 (3M)PARTIAL48.3
y/y -3.0%
5.7
y/y -8.9%
y/y
5.7
y/y -8.9%
4.6
y/y 4.6%
270.9
y/y 14.2%
151.2
y/y 10.0%
10.9%69.0Link
2024-03-31Q1 2024 (3M)PARTIAL46.1
y/y
5.5
y/y
y/y
5.5
y/y
3.0
y/y
247.1
y/y
129.8
y/y
8.8%19097993.1Link
2023-12-31Q4 2023 (3M)PARTIAL55.4
y/y
6.4
y/y
0.0
y/y
6.4
y/y
3.5
y/y
16.5250.7
y/y
144.4
y/y
9.4%50.7Link
2023-09-30Q3 2023 (3M)PARTIAL45.7
y/y
5.6
y/y
0.0
y/y
5.6
y/y
2.8
y/y
248.1
y/y
145.2
y/y
9.6%52.3Link
2023-06-30Q2 2023 (3M)PARTIAL97.3
y/y
12.4
y/y
0.0
y/y
12.4
y/y
7.3
y/y
237.3
y/y
137.4
y/y
52.4Link
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

020 00040 00060 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-60%-40%-20%0%20%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

Net debt / cash ($ mln)

05 000 000 00010 000 000 00015 000 000 00020 000 000 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +6.5%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X
= —
-338
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (312 289 + 17 544) ÷ 16 690
19.8x
3. Target multiple
(Current EV/EBITDA + 9) ÷ 2
= (19.8 + 9) ÷ 2
14.4x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= —
25 029
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-338 × 14.4 + 25 029) ÷ 312 289
+6.5%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2025-12-180.75 MXNEx-dividend: 0.75 MXN per sharePaidYahoo Finance (ex-div)
2025-06-270.75 MXNEx-dividend: 0.75 MXN per sharePaidYahoo Finance (ex-div)
2024-06-271.5 MXNEx-dividend: 1.5 MXN per sharePaidYahoo Finance (ex-div)
2023-12-180.6 MXNEx-dividend: 0.6 MXN per sharePaidYahoo Finance (ex-div)
2023-06-280.6 MXNEx-dividend: 0.6 MXN per sharePaidYahoo Finance (ex-div)
2022-12-230.5 MXNEx-dividend: 0.5 MXN per sharePaidYahoo Finance (ex-div)
2022-05-301 MXNEx-dividend: 1 MXN per sharePaidYahoo Finance (ex-div)
2021-06-240.96 MXNEx-dividend: 0.96 MXN per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.eng.carso.com.mx/quarter_reports/

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)