Grupo Financiero Banorte, S.A.B. de C.V. (BMV:GFNORTEO)

Grupo Financiero Banorte Financials Overview

Financials in millions MXN. Fiscal year is January - December.

Revenue & Profits

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	141,105	139,673	128,098	118,143	105,794	89,762
Revenue Growth	7.67%	9.04%	8.43%	11.67%	17.86%	9.53%
Net Income Net Income Growth	58,958	58,788	56,188	52,418	45,408	35,048
Earnings Per Share EPS Growth	20.78	20.79	19.72	18.31	15.75	12.15
EPS Growth	5.37%	5.41%	7.69%	16.28%	29.56%	14.88%

Cash & Debt

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	110,442	101,906	100,744	164,482	143,081	105,395
Total Debt Total Debt Growth	670,458	685,390	708,465	627,436	607,103	554,425
Net Cash (Debt) Net Cash Growth	-560,016	-583,484	-607,721	-462,954	-464,022	-449,030
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-197.43	-206.32	-213.29	-161.72	-160.93	-155.73

Cash Flow & CapEx

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-35,217	-27,075	-45,752	-107,314	-21,561	33,821
Capital Expenditures CapEx Growth	-8,992	-11,106	-8,272	-9,064	-11,791	-4,523
Free Cash Flow Free Cash Flow Growth	-44,209	-38,181	-54,024	-116,378	-33,352	29,298
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Profit Margin	41.78%	42.09%	43.86%	44.37%	42.92%	39.05%
FCF Margin	-31.33%	-27.34%	-42.17%	-98.51%	-31.52%	32.64%

Dividends

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	13.541	-	13.541	5.202	5.810	6.077
Dividend Per Share Growth	28.79%	-	160.31%	-10.46%	-4.40%	91.90%
Dividend Yield	7.19%	-	11.81%	3.89%	5.80%	6.96%

Valuation

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	8.95	7.92	6.71	9.39	8.80	10.94
Forward PE	8.30	7.65	6.29	8.49	7.89	10.01
P/FCF Ratio	-	-	-	-	-	13.09
PS Ratio	3.86	3.33	2.94	4.17	3.78	4.27

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error