Mexico’s top 10 companies, including Walmex, America Movil, and FEMSA. Explore the country’s largest corporations in various industries such as retail, telecommunications, and mining.
1. Walmex
Industry: retail
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $39480 Millions
Stock symbol: WMMVF
Walmex is a multinational retail corporation headquartered in Mexico City, Mexico. It was founded in 1952. Walmex operates in multiple countries, including Mexico, Central America, and South America. The company’s main activities revolve around retail operations, offering a wide range of products and services such as groceries, clothing, electronics, and household items. Walmex is known for its various brands, including Walmart, Bodega Aurrera, and Superama.
2. America Movil
Industry: telecommunications
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $37040 Millions
Stock symbol: AMX
America Movil is a telecommunications company headquartered in Mexico City, Mexico. It was founded in 2000. With operations in 25 countries across the Americas, Europe, and Asia, America Movil is one of the largest telecommunications companies in the world. The company’s main activities include providing mobile and fixed-line telecommunication services, internet services, and television services. Some of its well-known brands include Telcel, Claro, and TracFone.
3. Fomento Económico Mexicano
Industry: consumer staples
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $31640 Millions
Stock symbol: FMX
Fomento Económico Mexicano Home Page
Fomento Económico Mexicano (FEMSA) is headquartered in Monterrey, Mexico, and was founded in 1890. It operates in multiple countries, including Mexico, Colombia, Brazil, Argentina, and Costa Rica. FEMSA is primarily engaged in the production, distribution, and marketing of beverages, including Coca-Cola products, as well as operating convenience stores and pharmacies.
4. Grupo Bimbo
Industry: consumer staples
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $19360 Millions
Stock symbol: BIMBOA.MX
Grupo Bimbo is a multinational company with its headquarters in Mexico City, Mexico. It was founded in 1945. The company operates in 33 countries worldwide, making it a global player in the food industry. Grupo Bimbo is primarily engaged in the production, distribution, and sale of baked goods, snacks, and other food products. Some of its well-known brands include Bimbo, Marinela, Tía Rosa, and Arnold.
5. Cemex
Industry: construction
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $15310 Millions
Stock symbol: CX
Cemex is a multinational company with its headquarters in Monterrey, Mexico. It was founded in 1906. The company operates in over 50 countries worldwide, making it one of the largest cement producers globally. Cemex is primarily engaged in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, and other construction materials. It also offers related services such as building solutions and sustainable construction practices.
6. Grupo México
Industry: mining
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $13850 Millions
Stock symbol: GMBXF
Grupo México is a multinational company with its headquarters in Mexico City, founded in 1942. It operates in multiple countries, including Mexico, Peru, and the United States. The company is primarily engaged in mining activities, specializing in copper production. It also provides transportation services through its subsidiary, Ferromex, and operates in the infrastructure and energy sectors. Grupo México is known for its brands such as Southern Copper Corporation and Infraestructura Energética Nova.
7. Coca-Cola FEMSA
Industry: beverage
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $10860 Millions
Stock symbol: KOF
Coca-Cola FEMSA is headquartered in Mexico City and was founded in 1993. It operates in 10 countries, including Mexico, Brazil, Argentina, and Colombia. The company’s main activities revolve around the production, distribution, and marketing of Coca-Cola products. It offers a wide range of beverages, including carbonated soft drinks, juices, and bottled water. Coca-Cola FEMSA is known for its iconic brands such as Coca-Cola, Sprite, Fanta, and Del Valle.
8. Arca Continental
Industry: consumer staples
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $10250 Millions
Stock symbol: AC.MX
Arca Continental is a multinational beverage company headquartered in Monterrey, Mexico. It was founded in 2001. The company operates in 25 countries, including Mexico, the United States, and South America. Arca Continental’s main activities revolve around the production, distribution, and sale of non-alcoholic beverages. They offer a wide range of products, including carbonated soft drinks, bottled water, juices, and teas. Some of their well-known brands include Coca-Cola, Sprite, and Fanta.
9. Banorte
Industry: financial sector
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $8570 Millions
Stock symbol: GFNORTEO.MX
Banorte is a financial institution headquartered in Mexico City, Mexico. It was founded in 1899 and operates primarily in Mexico, with a presence in the United States and other countries. Banorte offers a wide range of financial services, including banking, insurance, asset management, and brokerage services. It is known for its diverse portfolio of products and services, catering to both individual and corporate clients.
10. Grupo Elektra
Industry: retail
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $7910 Millions
Stock symbol: XEKT.MC
Grupo Elektra is a multinational company headquartered in Mexico City, Mexico. It was founded in 1950. The company operates in multiple countries, with a presence in over 10 countries. Grupo Elektra is primarily engaged in the retail sector, offering a wide range of products and services including electronics, appliances, furniture, and financial services. It is also known for its popular brands such as Banco Azteca and Elektra.
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