In this article we are going to list the 5 biggest Mexican companies in 2022. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 biggest Mexican companies in 2022.
5. Banorte
Total revenue of the company (in billions): 8.3
Total profit of the company (in billions): 1.8
Total assets of the company (in billions): 95.1
Total market cap of the company (in billions): 22.9
The biggest banking and financial services company in Meixco, Banorte has close to 1,300 branches across the country while maintaining its headquarters in Mexico City and Monterrey. It is said to be the biggest retirement fund administrator as well as a part of the four largest commercial banks in the country. Banorte also has over 7,000 ATMs and can receive deposits through over 5,000 commercial establishments.
4. Southern Copper Corporation (NYSE:SCCO)
Total revenue of the company (in billions): 10.9
Total profit of the company (in billions): 3.4
Total assets of the company (in billions): 18.3
Total market cap of the company (in billions): 43.4
Southern Copper Corporation (NYSE:SCCO) is a mining company which was formed in 1952 with the vast majority of the company being owned by Grupo México. Southern Copper Corporation (NYSE:SCCO) is the world’s biggest publicly traded copper mining company and is also among the biggest copper smelting companies in the world. In addition to copper, Southern Copper Corporation (NYSE:SCCO) is also a major producer of molybdenum, silver, gold, lead and zinc, with mines in Mexico and Peru.
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3. Grupo México
Total revenue of the company (in billions): 14.8
Total profit of the company (in billions): 4.0
Total assets of the company (in billions): 32.4
Total market cap of the company (in billions): 30.5
Grupo México is a major Mexican conglomerate which operates in multiple divisions including mining, infrastructure and transportation. One of the biggest copper producers in Mexico, it also operates the biggest rail fleet in the country which consists of more than 11,000 km of rail tracks in addition to 800 engines and over 26,000 coaches combining five major Mexican cities.
2. Wal-Mart de México
Total revenue of the company (in billions): 37.8
Total profit of the company (in billions): 2.3
Total assets of the company (in billions): 18.6
Total market cap of the company (in billions): 65.8
The Mexican branch of the biggest retailer in the world, Wal-Mart de México is Walmart’s largest division outside of the United States, with close to 2,800 stores in the country which include 295 Walmart Supercenter stores and 166 Sam’s Club stores. It is the biggest retailed in Latin America and is the biggest employer in the private sector of Mexico with over 200,000 employees.
1. América Móvil, S.A.B. de C.V. (NYSE:AMX)
Total revenue of the company (in billions): 44.0
Total profit of the company (in billions): 9.9
Total assets of the company (in billions): 83.5
Total market cap of the company (in billions): 63.5
Easily topping the list of the 15 biggest Mexican companies in 2022 is América Móvil, S.A.B. de C.V. (NYSE:AMX). América Móvil, S.A.B. de C.V. (NYSE:AMX) is a Mexican telecommunications company which in 2019 had more than 277 million subscribers and over 84 million fixed revenue generating units. The owner of América Móvil, S.A.B. de C.V. (NYSE:AMX) was ranked as the richest person in the world from 2010 to 2013.
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