Betterware de México, S.A.P.I. de C.V. (BWMX)

BWMX Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Jan 3, 2021	Dec 31, 2019
Revenue	13,724	13,010	11,508	10,068	7,238	3,085
Revenue Growth (YoY)	6.88%	13.05%	14.30%	39.10%	134.63%	33.15%
Cost of Revenue	3,873	3,701	3,579	4,498	3,280	1,281
Gross Profit	9,851	9,308	7,928	5,570	3,957	1,804
Selling, General & Admin	7,417	6,962	5,878	2,968	1,894	991.59
Operating Expenses	7,852	6,962	5,878	2,968	1,894	991.59
Operating Income	1,999	2,346	2,050	2,602	2,063	812.25
Interest Expense	-684.61	-820.26	-543.32	-75.82	-80.25	-85.43
Interest & Investment Income	19.27	45.06	28.69	25.87	10.93	7.03
Currency Exchange Gain (Loss)	-96.5	-106.85	-83.37	-319.74	-30.4	-13.33
Other Non Operating Income (Expenses)	130.75	-32.59	-43.52	330.32	-1,140	-15.68
EBT Excluding Unusual Items	1,368	1,431	1,409	2,562	824.11	704.83
Gain (Loss) on Sale of Assets	-	-	-21.86	-	-	-
Pretax Income	1,368	1,431	1,387	2,562	824.11	704.83
Income Tax Expense	482.08	384.38	516.92	814.56	525.66	232.69
Earnings From Continuing Operations	885.76	1,047	869.96	1,748	298.44	472.14
Minority Interest in Earnings	-0.36	2.72	2.59	3.71	-	-
Net Income	885.4	1,049	872.56	1,752	298.44	472.14
Net Income to Common	885.4	1,049	872.56	1,752	298.44	472.14
Net Income Growth	-0.88%	20.27%	-50.19%	486.93%	-36.79%	57.77%
Shares Outstanding (Basic)	37	37	37	37	34	30
Shares Outstanding (Diluted)	37	37	37	37	34	30
Shares Change (YoY)	-0.20%	-0.03%	-0.16%	8.59%	13.85%	-
EPS (Basic)	23.81	28.18	23.42	47.38	8.76	15.63
EPS (Diluted)	23.78	28.16	23.41	46.91	8.68	15.63
EPS Growth	-0.71%	20.29%	-50.10%	440.44%	-44.47%	57.73%
Free Cash Flow	1,764	2,236	1,234	1,064	1,205	422.82
Free Cash Flow Per Share	47.37	59.99	33.10	28.49	35.03	14.00
Dividend Per Share	29.124	21.440	18.750	37.710	30.850	-
Dividend Growth	72.07%	14.35%	-50.28%	22.24%	-	-
Gross Margin	71.78%	71.55%	68.90%	55.32%	54.68%	58.48%
Operating Margin	14.57%	18.03%	17.82%	25.84%	28.51%	26.33%
Profit Margin	6.45%	8.07%	7.58%	17.40%	4.12%	15.31%
Free Cash Flow Margin	12.85%	17.19%	10.72%	10.57%	16.64%	13.71%
EBITDA	2,233	2,567	2,239	2,669	2,088	837.12
EBITDA Margin	16.27%	19.73%	19.46%	26.51%	28.84%	27.14%
D&A For EBITDA	234.32	220.83	188.85	67.2	24.28	24.88
EBIT	1,999	2,346	2,050	2,602	2,063	812.25
EBIT Margin	14.57%	18.03%	17.82%	25.84%	28.51%	26.33%
Effective Tax Rate	35.24%	26.86%	37.27%	31.79%	63.79%	33.01%
Advertising Expenses	-	2,344	1,744	503.29	172.18	26.31

Source: S&P Capital IQ. Standard template. Financial Sources.