Mexico is home to a diverse and dynamic economy, supported by a wide range of industries including manufacturing, energy, finance, retail, and food production. This article highlights the 25 largest companies in Mexico by revenue, showcasing key players that drive the nation's economic growth. From multinational conglomerates and financial institutions to global leaders in food, beverages, and mining, these companies play a pivotal role both domestically and internationally. Revenue figures are based on the latest available data as of 2023 and 2024.
1. Pemex
Pemex, or Petróleos Mexicanos, is the largest company in Mexico by revenue, specializing in oil and gas exploration, production, and refining. As a government-operated entity, it ranks among the world’s top energy companies. In 2022, Pemex achieved a revenue of $118.54 billion.
Revenue: $118.54 billion (2023)
2.América Móvil SAB de CV (NYSE:AMX)
América Móvil SAB de CV (NYSE:AMX) is a leading Mexican telecommunications company and one of the top three largest companies in Mexico by revenue. It ranks as one of the world’s largest mobile network operators. As of March 31, 2024, América Móvil reported a trailing twelve-month revenue of $46.78 billion.
Revenue: $46.78 billion
3.Wal-Mart de México SAB de CV
With a revenue of $52.27 billion, Wal-Mart de México SAB de CV (BMV:WALMEX), or Walmex, stands as the second-largest company in Mexico by revenue. The company operates various retail formats, including Walmart hypermarkets, BRevenue: $42.02 billion (as of March 31, 2024)odega Aurrera discount stores, Superama supermarkets, Walmart Express, and Sam's Clubs across Mexico and Central America. As of March 31, 2024, Walmex reported a trailing twelve-month revenue of $42.02 billion.
Revenue: $42.02 billion
4. Fomento Económico Mexicano SAB de CV
Fomento Económico Mexicano SAB de CV (NYSE:FMX), or FEMSA, is a major Mexican multinational in the beverage and retail sectors. The company also provides digital financial services and operates drugstores under FEMSA Health. As one of Mexico’s largest companies by revenue, FEMSA reported a trailing twelve-month revenue of $42.02 billion as of March 31, 2024.
Revenue: $42.02 billion
5.Comisión Federal de Electricidad
Comisión Federal de Electricidad (CFE) is a state-owned utility company in Mexico, responsible for generating, transmitting, and distributing electricity throughout the country. As the primary provider of electricity in Mexico, it plays a crucial role in meeting the nation's energy needs. CFE is ranked among the top five largest companies in Mexico by revenue, reflecting its significant presence in the energy sector.
Revenue: $36.51 billion
6.Grupo Bimbo SAB de CV (BMV:BIMBOA)
Grupo Bimbo SAB de CV (BMV:BIMBOA) is a leading multinational food corporation based in Mexico. Recognized as one of the largest baking companies globally, the company produces over 9,000 different products and operates more than 220 bakeries and 1,500 sales centers across 35 countries. As of March 31, 2024, the company generated a trailing twelve-month revenue of $22.27 billion, placing it 6th on the list of Mexico's largest companies by revenue.
Revenue: $22.27 billion
7.CEMEX SAB de CV (NYSE:CX)
CEMEX SAB de CV (NYSE:CX) is a Mexican multinational company specializing in building materials and construction solutions. The company provides a wide range of products, including cement, ready-mix concrete, aggregates, and urbanization solutions. As of March 31, 2024, CEMEX achieved a trailing twelve-month revenue of $17.52 billion, securing its position among the top companies in Mexico.
Revenue: $17.52 bilion
8. Grupo México SAB de CV (BMV:GMEXICOB)
Grupo México SAB de CV (BMV:GMEXICOB) is a major Mexican conglomerate, ranked 8th among the largest companies in Mexico by revenue. The company is one of Mexico's largest mining firms and is also involved in transportation and infrastructure. As of September 30, 2023, Grupo México reported a trailing twelve-month revenue of $14.75 billion.
Revenue: $14.75 billion
9. Coca-Cola FEMSA SAB de CV (NYSE:KOF)
Coca-Cola FEMSA SAB de CV (NYSE:KOF), also known as Coca-Cola FEMSA or KOF, is a leading Mexican multinational beverage company. It produces, markets, distributes, and sells primarily The Coca-Cola Company’s beverage lineup, including sparkling drinks, waters, and other non-carbonated beverages. As of March 31, 2023, Coca-Cola FEMSA reported a trailing twelve-month revenue of $14.54 billion.
Revenue: $14.54 billion
10.Arca Continental SAB de CV (BMV:AC)
Arca Continental SAB de CV (BMV:AC) is a multinational beverage manufacturing company, ranking among the top 10 largest companies in Mexico by revenue. The company produces, distributes, and markets non-alcoholic beverages under The Coca-Cola Company brand. As of September 30, 2023, Arca Continental reported a trailing twelve-month revenue of $12 billion.
Revenue: $12 billion
11.Grupo Financiero Banorte SAB de CV (BMV:GFNORTEO)
Grupo Financiero Banorte SAB de CV (BMV:GFNORTEO), widely known as GFNorte, is one of Mexico's largest and most prominent financial institutions. With a rich history dating back to 1899, it offers a comprehensive array of financial services, including banking, insurance, investment, and retirement products. The company operates through its subsidiaries, which provide a wide range of products for individuals, businesses, and corporations. These services include retail banking, corporate banking, asset management, wealth management, and digital banking solutions. As of March 31, 2023, Grupo Financiero Banorte reported a trailing twelve-month revenue of $11.51 billion.
Revenue: $11.51 billion
12.Grupo Carso SAB de CV (BMV:GCARSOA1)
Grupo Carso SAB de CV (BMV:GCARSOA1) is one of Mexico’s largest and most diversified conglomerates. Founded by Carlos Slim in 1980, the company operates through a wide range of sectors including retail (Grupo Sanborns), industrial (Grupo Condumex), infrastructure and construction (CICSA), and energy (Carso Energy). Grupo Carso plays a critical role in Mexico’s economic development, with involvement in telecom infrastructure, manufacturing, and oil and gas services. Its broad portfolio allows it to maintain a strong presence across Latin America.
Revenue: $10.79 billion
13. Organización Soriana SAB de CV (BMV:SORIANAB)
Organización Soriana SAB de CV (BMV:SORIANAB) is a major player in Mexico’s retail industry, operating one of the country’s largest chains of grocery and department stores. Founded in 1968, Soriana serves both retail and wholesale markets through a variety of store formats including hypermarkets, supermarkets, and convenience stores. The company also offers private label products, operates a loyalty program, and provides financial services to its customers. Its expansive presence across Mexico positions it as a key competitor to other retail giants.
Revenue: $8.97 billion
14. Gruma SAB de CV (BMV:GRUMAB)
Gruma SAB de CV (BMV:GRUMAB) is a leading Mexican multinational food company, widely recognized as the world’s largest producer of corn flour and tortillas. Operating under various well-known brands such as Maseca and Mission, the company has a strong global footprint with manufacturing facilities in the Americas, Europe, Asia, and Oceania. Gruma supplies products to both retail consumers and foodservice clients, playing a significant role in promoting Mexican cuisine internationally.
Revenue: $6.58 billion
15.Grupo Elektra SAB de CV (BMV:ELEKTRA)
Grupo Elektra SAB de CV (BMV:ELEKTRA) is a prominent Mexican financial and retail conglomerate. The company operates a widespread network of stores that offer household appliances, electronics, and furniture, while also providing financial services such as banking, insurance, and non-bank loans—both in Mexico and the United States. Through its subsidiaries, including Banco Azteca, Grupo Elektra plays a crucial role in financial inclusion by serving underbanked populations.
Revenue: $5.27 billion
16. Industrias Bachoco SAB de CV (BMV:BACHOCOB)
Grupo Elektra SAB de CV (BMV:ELEKTRA) is a major Mexican financial and retail conglomerate. It runs an extensive chain of stores selling electronics, appliances, and furniture, while also offering financial services like banking, insurance, and non-bank loans in both Mexico and the U.S. Through subsidiaries such as Banco Azteca, the company supports financial inclusion by serving underserved communities.
Revenue: $5.27 billion.
17. Grupo Televisa SAB (NYSE:TV)
Grupo Televisa SAB (NYSE:TV), widely known as Televisa, is a major Mexican telecommunications and broadcasting company. It operates as a cable provider and manages a direct-to-home (DTH) satellite pay-TV service across Mexico. Known for its extensive media content and programming, Televisa is a key player in Latin American media and entertainment.
Revenue: $4.1 billion.
18.Grupo Financiero Inbursa SAB de CV (BMV:GFINBURO)
Grupo Financiero Inbursa SAB de CV (BMV:GFINBURO) is a Mexican financial services group offering a broad range of banking, insurance, investment, and retirement products. The company operates through various subsidiaries, serving both individual and corporate clients. It plays a key role in Mexico’s financial sector with diversified operations across multiple financial segments.
Revenue: $3.93 billion.
19.Controladora Vuela Compañía de Aviación SAB de CV (NYSE:VLRS)
Controladora Vuela Compañía de Aviación SAB de CV (NYSE:VLRS) is a Mexican low-cost airline carrier operating under the brand Volaris. Known for its budget-friendly fares and extensive domestic and international routes, Volaris has established itself as one of the largest airlines globally in 2024. The company continues to expand its market presence by offering competitive services across North and Central America.
Revenue: $3.29 billion.
20. Kimberly-Clark de México SAB de CV (BMV:KIMBERA)
Kimberly-Clark de México SAB de CV (BMV:KIMBERA) is a major Mexican manufacturer of personal care and paper-based consumer products. The company produces a broad range of essential goods such as diapers, facial and bathroom tissues, feminine hygiene products, napkins, kitchen rolls, and hand towels. It is a key player in the hygiene and home care market in Mexico and ranks among the country's top 20 companies by revenue.
Revenue: $3.09 billion .
21.Fresnillo Plc (BMV:FRES)
Fresnillo Plc (BMV:FRES) is a leading Mexican precious metals mining company, recognized as one of the world's largest silver producers and a significant gold producer in Mexico. The company focuses on the exploration, extraction, and processing of silver and gold, playing a crucial role in the global mining industry.
Revenue: $2.7 billion.
22. Becle SAB de CV (BMV:CUERVO)
Becle SAB de CV (BMV:CUERVO) is a prominent Mexican beverage company, best known for producing, marketing, and distributing a wide range of spirits, ready-to-drink cocktails, and non-alcoholic beverages. The company is a global leader in tequila production and exports to over 85 countries.
Revenue: $2.45 billion.
23. Grupo Simec SAB de CV (BMV:SIMECB)
Grupo Simec SAB de CV (BMV:SIMECB) is a major Mexican company specializing in the manufacturing, processing, and distribution of special bar quality (SBQ) steel and structural steel products. It is considered one of the largest companies in Mexico by revenue.
Revenue: $2.09 billion.
24. Grupo Aeroportuario del Pacífico SAB de CV (NYSE:PAC)
Grupo Aeroportuario del Pacífico SAB de CV (NYSE:PAC), also known as GAP, is a prominent Mexican airport operating company. As one of the largest airport companies globally, it manages 12 airports located in the Pacific region of Mexico.
Revenue: $1.92 billion.
25.Gentera SAB de CV (BMV:GENTERA)
Gentera SAB de CV (BMV:GENTERA) is a major Mexican financial services company, offering a variety of financial products and services in Mexico and Peru. These include working capital loans, insurance, savings, and payment channels.
Revenue: $1.85 billion.