Coca-Cola FEMSA, S.A.B. de C.V. (KOF) Key Metrics
KOF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Mexican pesosKOF returns How much profit the business earns on the capital it uses.
KOF financial health Debt, liquidity and how easily interest is covered.
KOF efficiency & capital use Working capital cycle and where the cash goes.
KOF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KOF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KOF cash returned to shareholders
KOF key metrics in Mexican pesos
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.5% | 17.5% | 15.5% | 15.0% | 12.9% | 8.6% | 9.8% | 8.9% | −10.1% | 8.7% |
| Return on invested capital (ROIC) | 13.9% | 15.4% | 15.2% | 14.1% | 12.0% | 10.8% | 11.0% | 9.5% | 10.2% | 9.5% |
| Return on assets (ROA) | 7.7% | 8.2% | 7.1% | 6.9% | 5.9% | 4.0% | 4.6% | 4.0% | −4.4% | 4.1% |
| Return on tangible assets | 11.2% | 11.5% | 11.3% | 10.9% | 9.3% | 6.5% | 8.3% | 7.5% | −7.6% | 6.5% |
| Free cash flow margin | 2.1% | 6.0% | 8.8% | 7.8% | 11.7% | 32.9% | 10.0% | 10.0% | 10.0% | 11.1% |
| Income quality (OCF / net income) | 1.16 | 1.79 | 2.16 | 1.86 | 2.08 | 6.82 | 2.59 | 2.69 | — | 3.22 |
| Financial health | ||||||||||
| Total debt | MX$82.68B | MX$79.18B | MX$69.50B | MX$82.47B | MX$87.29B | MX$89.53B | MX$72.26B | MX$81.81B | MX$83.36B | MX$88.91B |
| Cash & short-term investments | MX$28.57B | MX$33.13B | MX$31.36B | MX$40.52B | MX$47.25B | MX$43.57B | MX$20.58B | MX$24.53B | MX$19.50B | MX$11.99B |
| Net debt | MX$54.11B | MX$46.05B | MX$38.14B | MX$41.95B | MX$40.04B | MX$45.96B | MX$51.68B | MX$57.27B | MX$63.86B | MX$76.92B |
| Debt / equity | 0.57 | 0.55 | 0.55 | 0.66 | 0.68 | 0.77 | 0.59 | 0.65 | 0.68 | 0.73 |
| Debt / assets | 0.26 | 0.26 | 0.25 | 0.30 | 0.32 | 0.34 | 0.28 | 0.31 | 0.29 | 0.32 |
| Net debt / EBITDA | 0.99 | 0.87 | 0.87 | 1.03 | 1.07 | 1.41 | 1.53 | 1.78 | 22.72 | 2.83 |
| Current ratio | 1.12 | 1.12 | 1.23 | 1.37 | 1.74 | 1.69 | 1.11 | 1.26 | 1.00 | 1.14 |
| Quick ratio | 0.91 | 0.88 | 1.00 | 1.14 | 1.48 | 1.43 | 0.88 | 1.01 | 0.77 | 0.80 |
| Interest coverage | 5.0 | 8.0 | 7.7 | 7.0 | 5.8 | 4.3 | 6.0 | 5.1 | 5.6 | 5.5 |
| Working capital | MX$7.81B | MX$7.96B | MX$12.82B | MX$21.25B | MX$34.14B | MX$29.59B | MX$5.79B | MX$11.97B | MX$63.0M | MX$5.58B |
| Invested capital | MX$200.31B | MX$189.48B | MX$165.16B | MX$167.33B | MX$167.61B | MX$162.83B | MX$174.61B | MX$182.22B | MX$186.43B | MX$199.06B |
| Tangible asset value | MX$51.67B | MX$48.66B | MX$32.54B | MX$28.75B | MX$25.40B | MX$18.49B | MX$17.64B | MX$14.95B | MX$16.47B | MX$5.27B |
| Net current asset value | −MX$85.94B | −MX$82.31B | −MX$72.08B | −MX$66.91B | −MX$63.63B | −MX$68.17B | −MX$71.36B | −MX$74.55B | −MX$89.31B | −MX$104.57B |
| Capital allocation | ||||||||||
| Dividends paid | MX$15.73B | MX$12.87B | MX$12.19B | MX$11.46B | MX$10.65B | MX$10.28B | MX$7.44B | MX$7.04B | MX$6.99B | MX$7.01B |
| Share buybacks (net) | — | — | — | — | — | — | MX$0 | MX$0 | MX$0 | MX$0 |
| Dividend payout ratio | 66.0% | 54.2% | 62.4% | 60.2% | 67.8% | 99.7% | 61.5% | 64.2% | — | 69.6% |
| Dividends + buybacks / free cash flow | 258.0% | 77.3% | 56.3% | 64.6% | 46.8% | 17.0% | 38.1% | 38.6% | 38.0% | 35.5% |
| Capex / revenue | 7.4% | 9.2% | 8.4% | 7.8% | 5.1% | 5.4% | 6.0% | 6.2% | 8.1% | 7.1% |
| Capex / operating cash flow | 78.0% | 60.8% | 48.8% | 50.0% | 30.5% | 14.1% | 37.5% | 38.2% | 44.6% | 39.1% |
| Capex / depreciation | 1.57 | 2.13 | 1.96 | 1.70 | 1.02 | 0.99 | 1.10 | 1.13 | 1.54 | 1.46 |
| Stock-based compensation / revenue | — | — | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | — | — | — |
| SG&A / revenue | 31.5% | 31.6% | 31.1% | 30.4% | 4.6% | 4.3% | 31.1% | 31.8% | 31.7% | 31.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 34.6 | 31.7 | 33.8 | 28.4 | 28.1 | 39.8 | 41.2 | 43.7 | 42.0 | 29.8 |
| Days of inventory on hand | 33.9 | 34.1 | 35.6 | 36.4 | 39.4 | 41.5 | 39.7 | 44.3 | 48.0 | 40.2 |
| Days payables outstanding | 74.8 | 73.3 | 74.0 | 71.2 | 67.8 | 66.8 | 67.9 | 72.9 | 75.4 | 68.3 |
| Cash conversion cycle (days) | -6.3 | -7.5 | -4.6 | -6.5 | -0.3 | 14.5 | 13.0 | 15.0 | 14.6 | 1.7 |
| Receivables turnover | 10.56 | 11.52 | 10.80 | 12.87 | 12.98 | 9.17 | 8.85 | 8.36 | 8.70 | 12.25 |
| Payables turnover | 4.88 | 4.98 | 4.93 | 5.13 | 5.38 | 5.46 | 5.37 | 5.01 | 4.84 | 5.35 |
| Inventory turnover | 10.76 | 10.70 | 10.27 | 10.04 | 9.27 | 8.79 | 9.19 | 8.24 | 7.60 | 9.09 |
| Asset turnover | 0.94 | 0.96 | 0.89 | 0.83 | 0.73 | 0.70 | 0.75 | 0.66 | 0.65 | 0.73 |
| Average receivables | MX$27.62B | MX$24.29B | MX$22.70B | MX$17.62B | MX$15.00B | MX$20.02B | MX$21.96B | MX$21.82B | MX$21.06B | MX$14.51B |
| Average payables | MX$32.84B | MX$30.56B | MX$27.09B | MX$24.79B | MX$19.97B | MX$18.51B | MX$19.79B | MX$19.85B | MX$20.72B | MX$18.48B |
| Average inventory | MX$14.90B | MX$14.22B | MX$13.02B | MX$12.66B | MX$11.60B | MX$11.50B | MX$11.57B | MX$12.06B | MX$13.21B | MX$10.87B |
| Intangibles / total assets | 32.5% | 33.1% | 37.0% | 37.1% | 37.6% | 39.5% | 43.5% | 44.3% | 43.5% | 44.4% |
Computed from KOF's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Mexican pesos; data from EODHD. Averages use the opening and closing balance of each year.
KOF valuation and financial ratios
Coca-Cola FEMSA, S.A.B. de C.V. earned a return on equity of 16.5% and a return on invested capital of 13.9% in fiscal 2025. It ended the year with MX$82.7 billion of debt and MX$28.6 billion in cash and short-term investments, net debt of MX$54.1 billion. It returned MX$15.7 billion to shareholders: MX$15.7 billion in dividends and MX$0 in share buybacks, 258% of free cash flow.
See the KOF income statement, the KOF chart for price history, or the KOF stock overview for the latest quote and news.
KOF key metrics FAQ
What is Coca-Cola FEMSA, S.A.B. de C.V.'s return on equity?
Coca-Cola FEMSA, S.A.B. de C.V.'s return on equity (ROE) was 16.5% in fiscal 2025: net income of MX$23.8 billion on average shareholders' equity of MX$144.8 billion.
What is Coca-Cola FEMSA, S.A.B. de C.V.'s ROIC?
Coca-Cola FEMSA, S.A.B. de C.V.'s return on invested capital was 13.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Coca-Cola FEMSA, S.A.B. de C.V. have?
Coca-Cola FEMSA, S.A.B. de C.V. had total debt of MX$82.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.57 and MX$54.1 billion of net debt (0.99 times EBITDA).
What is Coca-Cola FEMSA, S.A.B. de C.V.'s current ratio?
Coca-Cola FEMSA, S.A.B. de C.V.'s current ratio was 1.12 at the end of fiscal 2025: current assets were 1.12 times current liabilities.