In this article, we are going to look at the 5 largest companies in Mexico by revenue. If you want to read more about the top companies in Mexico and check out our detailed analysis, you can go to 25 Largest Companies in Mexico by Revenue.
5. Comisión Federal de Electricidad
Revenue: $36.51 Billion
Comisión Federal de Electricidad, also known as CFE, is Mexico’s state-owned electric utility company. It is the country’s main provider of electricity. Comisión Federal de Electricidad generated a revenue of $36.51 billion in 2022. It is one of the top 5 largest companies in Mexico by revenue.
4. Fomento Económico Mexicano SAB de CV (NYSE:FMX)
Revenue: $42.02 Billion
Fomento Económico Mexicano SAB de CV (NYSE:FMX), also known as FEMSA, is a Mexican multinational beverage and retail company. It also offers digital financial services and owns and operates drugstores through FEMSA Health. As one of the largest companies in Mexico by revenue, Fomento Económico Mexicano SAB de CV (NYSE:FMX) has a trailing twelve-month revenue of $42.02 billion as of March 31, 2024.
Follow Fomento Economico Mexicano S (NYSE:FMX)
Follow Fomento Economico Mexicano S (NYSE:FMX)
3. América Móvil SAB de CV (NYSE:AMX)
Revenue: $46.78 Billion
América Móvil SAB de CV (NYSE:AMX) is a Mexican telecommunications corporation that ranks among the top 3 largest companies in Mexico by revenue. It is one of the world’s largest mobile network operators. As of March 31, 2024, América Móvil SAB de CV (NYSE:AMX) has a trailing twelve-month revenue of $46.78 billion.
Follow America Movil S A B De C V (NYSE:AMX)
Follow America Movil S A B De C V (NYSE:AMX)
2. Wal-Mart de México SAB de CV (BMV:WALMEX)
Revenue: $52.27 Billion
Wal-Mart de México SAB de CV (BMV:WALMEX), or simply Walmex, is the second-largest company in Mexico by revenue. It operates Walmart hypermarkets, Bodega Aurrera discount stores, Superama supermarkets, Walmart Express supermarkets, and Sam’s Clubs across Mexico and Central America. Wal-Mart de México SAB de CV (BMV:WALMEX) has a trailing twelve-month revenue of $42.02 billion as of March 31, 2024.
1. Pemex
Revenue: $118.53 Billion
Pemex, also known as Petróleos Mexicanos, tops our list of the 25 largest companies in Mexico by revenue. The company specializes in oil and gas exploration, production, and refining. Managed and operated by the Mexican government, it is one of the largest energy companies in the world. Pemex generated a revenue of $118.54 billion in 2022.
Should you invest $1,000 in América Móvil SAB de CV (NYSE:AMX) right now?
Before you buy stock in AMX, consider this:
The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and AMX wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.
Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio. It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.
Disclosure: None. You can also take a look at 25 Cheap Cars That Will Make You Look Rich and 15 Highest Paying Countries for English Teachers.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
