Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) AI Stock Analysis

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. holds concessions to develop, operate, and maintain 13 international airports across Mexico, including hubs in Monterrey, Acapulco, Mazatlán, Zihuatanejo, and Ciudad Juárez. The company delivers aeronautical services such as passenger handling, aircraft landing and parking, security, and boarding facilities. Beyond aviation operations, OMA runs the NH Collection Hotel at Mexico City International Airport and the Hilton Garden Inn at Monterrey International Airport. Non-aeronautical activities include leasing commercial space, managing parking facilities, advertising, and operating an industrial park at the Monterrey airport in collaboration with VYNMSA Desarrollo Inmobiliario.

OMAB expanded annual revenue from $8.72B in FY2021 to $11.93B in FY2022, $14.46B in FY2023, $15.07B in FY2024, and $15.96B in FY2025, reflecting a 5-year revenue CAGR of 24.4% from FY2020 to FY2025. Gross margin widened from 59.0% in FY2021 to 70.1% in FY2025, while operating margin rose from 47.1% to 56.0%. Net income reached $5.34B in FY2025 with a net margin of 33.5% and EPS of $5.87. For the latest quarter ended June 30, 2026, quarterly revenue grew 2.6% year-over-year, while quarterly earnings increased 9.8% year-over-year, bringing trailing twelve-month revenue to $16.33B and EPS to $6.24.

As of June 30, 2026, OMAB held $2.58B in cash and short-term investments against total debt of $14.27B, resulting in net debt of $11.69B. The company recorded a current ratio of 0.66 and a debt-to-equity ratio of 1.57 on shareholders' equity of $9.11B. In FY2025, OMAB generated $7.53B in operating cash flow and $7.36B in free cash flow. Capital allocation in FY2025 prioritized dividends paid of $4.47B, along with capital expenditures of $163.3M and share buybacks of $2.5M.

OMAB closed at $91.72 on October 16, 2026, trading at a trailing P/E of 14.7x and a forward P/E of 14.4x, both lower than the median of its US-listed Industrials peers of 24.8x and 17.2x, respectively. Its enterprise value to EBITDA stands at 9.5x compared to the peer median of 13.9x, while its price-to-sales ratio is 0.3x versus the peer median of 1.5x. Over the past year, OMAB returned -0.2%, lagging the S&P 500 (SPY) return of 16.8%, though its 5-year return of 173.6% exceeded the S&P 500 return of 83.0%.

OMAB offers an annual forward dividend of $5.77 per share, representing a dividend yield of 6.30%. The company distributes dividends on a semiannual frequency with a payout ratio of 1.8% and has maintained consecutive payments for 6 years. Its last ex-dividend date occurred on May 26, 2026.

Wall Street coverage consists of 3 Strong Buy, 1 Buy, and 3 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target of $117.03 implies upside of 27.6% over the last close of $91.72. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $17.08B and EPS of $6.72, representing 9.2% earnings growth. Over the last 4 quarters, OMAB beat EPS estimates 2 times. The next earnings date is scheduled for October 22, 2026.

This page is an AI-written research summary of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: OMAB income statement, OMAB balance sheet, OMAB key metrics, OMAB analyst forecast, OMAB chart. See the OMAB stock overview for the latest quote and news.