
Gruma SAB de CV
BMV:GRUMAB

Income Statement
Earnings Waterfall
Gruma SAB de CV
Revenue
|
6.6B
USD
|
Cost of Revenue
|
-4.1B
USD
|
Gross Profit
|
2.5B
USD
|
Operating Expenses
|
-1.6B
USD
|
Operating Income
|
875.8m
USD
|
Other Expenses
|
-378.4m
USD
|
Net Income
|
497.4m
USD
|
Income Statement
Gruma SAB de CV
Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
49 278
N/A
|
49 935
+1%
|
51 391
+3%
|
53 374
+4%
|
56 022
+5%
|
58 279
+4%
|
60 588
+4%
|
62 656
+3%
|
64 552
+3%
|
3 657
-94%
|
70 053
+1 815%
|
71 142
+2%
|
71 068
0%
|
3 784
-95%
|
70 435
+1 761%
|
71 940
+2%
|
73 293
+2%
|
3 970
-95%
|
75 084
+1 791%
|
94 035
+25%
|
95 601
+2%
|
4 149
-96%
|
98 932
+2 284%
|
85 185
-14%
|
88 605
+4%
|
4 995
-94%
|
70 637
+1 314%
|
47 619
-33%
|
25 333
-47%
|
4 624
-82%
|
4 958
+7%
|
5 167
+4%
|
5 419
+5%
|
5 597
+3%
|
5 919
+6%
|
6 238
+5%
|
6 493
+4%
|
6 576
+1%
|
6 638
+1%
|
6 642
+0%
|
6 572
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(31 528)
|
(31 575)
|
(32 329)
|
(33 377)
|
(34 823)
|
(35 938)
|
(37 139)
|
(38 381)
|
(39 529)
|
(2 260)
|
(43 470)
|
(44 078)
|
(44 228)
|
(2 349)
|
(43 793)
|
(44 867)
|
(45 641)
|
(2 485)
|
(47 106)
|
(59 158)
|
(60 268)
|
(2 610)
|
(62 097)
|
(52 881)
|
(54 595)
|
(3 084)
|
(43 523)
|
(29 630)
|
(16 069)
|
(2 960)
|
(3 193)
|
(3 343)
|
(3 511)
|
(3 617)
|
(3 837)
|
(4 042)
|
(4 189)
|
(4 243)
|
(4 231)
|
(4 181)
|
(4 090)
|
|
Gross Profit |
17 750
N/A
|
18 361
+3%
|
19 062
+4%
|
19 998
+5%
|
21 199
+6%
|
22 341
+5%
|
23 448
+5%
|
24 274
+4%
|
25 022
+3%
|
1 397
-94%
|
26 583
+1 803%
|
27 065
+2%
|
26 840
-1%
|
1 436
-95%
|
26 642
+1 756%
|
27 072
+2%
|
27 652
+2%
|
1 485
-95%
|
27 978
+1 784%
|
34 877
+25%
|
35 333
+1%
|
1 540
-96%
|
36 835
+2 292%
|
32 304
-12%
|
34 009
+5%
|
1 910
-94%
|
27 114
+1 319%
|
17 989
-34%
|
9 264
-49%
|
1 663
-82%
|
1 764
+6%
|
1 824
+3%
|
1 908
+5%
|
1 980
+4%
|
2 082
+5%
|
2 196
+6%
|
2 304
+5%
|
2 334
+1%
|
2 407
+3%
|
2 461
+2%
|
2 482
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(12 019)
|
(12 094)
|
(12 783)
|
(13 386)
|
(14 166)
|
(14 973)
|
(15 664)
|
(16 140)
|
(16 455)
|
(922)
|
(17 313)
|
(17 641)
|
(17 527)
|
(933)
|
(17 356)
|
(17 611)
|
(18 067)
|
(981)
|
(18 650)
|
(23 656)
|
(24 074)
|
(1 039)
|
(24 891)
|
(21 718)
|
(22 900)
|
(1 268)
|
(18 302)
|
(12 089)
|
(6 224)
|
(1 146)
|
(1 202)
|
(1 264)
|
(1 326)
|
(1 357)
|
(1 430)
|
(1 499)
|
(1 545)
|
(1 535)
|
(1 581)
|
(1 593)
|
(1 606)
|
|
Selling, General & Administrative |
(11 789)
|
(11 834)
|
(12 457)
|
(13 064)
|
(13 847)
|
(14 442)
|
(15 146)
|
(15 717)
|
(16 259)
|
(903)
|
(17 495)
|
(17 722)
|
(17 471)
|
(926)
|
(17 570)
|
(17 765)
|
(18 207)
|
(957)
|
(18 577)
|
(23 538)
|
(23 943)
|
(1 016)
|
(25 014)
|
(21 876)
|
(23 263)
|
(1 260)
|
(18 086)
|
(11 974)
|
(5 927)
|
(1 123)
|
(1 219)
|
(1 252)
|
(1 312)
|
(1 326)
|
(1 405)
|
(1 466)
|
(1 508)
|
(1 486)
|
(1 550)
|
(1 576)
|
(1 603)
|
|
Depreciation & Amortization |
0
|
(261)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(229)
|
0
|
(325)
|
(322)
|
(319)
|
(531)
|
(518)
|
(423)
|
(197)
|
0
|
181
|
80
|
(56)
|
13
|
213
|
153
|
139
|
0
|
(72)
|
(118)
|
(131)
|
5
|
123
|
158
|
363
|
20
|
(216)
|
(115)
|
(297)
|
3
|
17
|
(12)
|
(14)
|
0
|
(25)
|
(32)
|
(38)
|
(14)
|
(32)
|
(16)
|
(4)
|
|
Operating Income |
5 732
N/A
|
6 267
+9%
|
6 280
+0%
|
6 612
+5%
|
7 033
+6%
|
7 368
+5%
|
7 785
+6%
|
8 136
+5%
|
8 569
+5%
|
475
-94%
|
9 272
+1 854%
|
9 425
+2%
|
9 314
-1%
|
502
-95%
|
9 286
+1 749%
|
9 461
+2%
|
9 585
+1%
|
503
-95%
|
9 329
+1 753%
|
11 221
+20%
|
11 259
+0%
|
501
-96%
|
11 944
+2 284%
|
10 586
-11%
|
11 109
+5%
|
642
-94%
|
8 812
+1 273%
|
5 900
-33%
|
3 040
-48%
|
517
-83%
|
562
+9%
|
560
0%
|
582
+4%
|
623
+7%
|
652
+5%
|
698
+7%
|
759
+9%
|
798
+5%
|
826
+3%
|
868
+5%
|
876
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(945)
|
(1 227)
|
(959)
|
(838)
|
(759)
|
(226)
|
(305)
|
(259)
|
(215)
|
(12)
|
(714)
|
(1 044)
|
(1 239)
|
(71)
|
(1 228)
|
(1 235)
|
(1 416)
|
(81)
|
(1 604)
|
(2 082)
|
(2 135)
|
(95)
|
(3 250)
|
(2 760)
|
(2 610)
|
(158)
|
(1 208)
|
(885)
|
(586)
|
(61)
|
(79)
|
(90)
|
(105)
|
(117)
|
(112)
|
(124)
|
(126)
|
(164)
|
(132)
|
(112)
|
(103)
|
|
Non-Reccuring Items |
0
|
(122)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
3
|
0
|
43
|
55
|
93
|
(97)
|
(72)
|
(93)
|
(96)
|
0
|
(39)
|
(14)
|
164
|
0
|
155
|
144
|
(45)
|
0
|
(123)
|
(188)
|
(192)
|
0
|
(191)
|
(172)
|
(209)
|
0
|
34
|
84
|
143
|
0
|
1
|
2
|
4
|
3
|
(8)
|
(9)
|
(10)
|
0
|
(12)
|
(11)
|
(10)
|
|
Pre-Tax Income |
4 790
N/A
|
4 918
+3%
|
5 364
+9%
|
5 829
+9%
|
6 367
+9%
|
7 045
+11%
|
7 406
+5%
|
7 782
+5%
|
8 257
+6%
|
466
-94%
|
8 518
+1 730%
|
8 366
-2%
|
8 239
-2%
|
432
-95%
|
8 213
+1 801%
|
8 369
+2%
|
8 123
-3%
|
421
-95%
|
7 601
+1 703%
|
8 951
+18%
|
8 931
0%
|
405
-95%
|
8 503
+1 998%
|
7 653
-10%
|
8 291
+8%
|
465
-94%
|
7 638
+1 543%
|
5 099
-33%
|
2 597
-49%
|
472
-82%
|
485
+3%
|
473
-3%
|
481
+2%
|
510
+6%
|
532
+4%
|
565
+6%
|
623
+10%
|
630
+1%
|
682
+8%
|
745
+9%
|
762
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
226
|
(1 060)
|
(1 157)
|
(1 496)
|
(1 712)
|
(1 646)
|
(1 760)
|
(1 858)
|
(2 163)
|
(131)
|
(2 303)
|
(2 173)
|
(2 007)
|
(96)
|
(1 952)
|
(2 280)
|
(2 418)
|
(151)
|
(2 803)
|
(3 153)
|
(3 103)
|
(145)
|
(3 092)
|
(2 798)
|
(3 092)
|
(170)
|
(2 755)
|
(1 891)
|
(965)
|
(170)
|
(176)
|
(172)
|
(176)
|
(191)
|
(198)
|
(203)
|
(223)
|
(222)
|
(238)
|
(262)
|
(265)
|
|
Income from Continuing Operations |
5 016
|
3 858
|
4 208
|
4 334
|
4 656
|
5 398
|
5 646
|
5 924
|
6 094
|
334
|
6 214
|
6 192
|
6 231
|
336
|
6 262
|
6 090
|
5 706
|
271
|
4 798
|
5 799
|
5 828
|
260
|
5 411
|
4 855
|
5 199
|
295
|
4 883
|
3 208
|
1 632
|
302
|
309
|
301
|
305
|
319
|
334
|
362
|
400
|
408
|
443
|
484
|
497
|
|
Income to Minority Interest |
(212)
|
(169)
|
(212)
|
(220)
|
(244)
|
(323)
|
(304)
|
(313)
|
(312)
|
(17)
|
(277)
|
(240)
|
(155)
|
(3)
|
(43)
|
5
|
5
|
(0)
|
0
|
(2)
|
(2)
|
(0)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
(4)
|
0
|
|
Net Income (Common) |
5 008
N/A
|
3 858
-23%
|
4 208
+9%
|
4 334
+3%
|
4 656
+7%
|
5 398
+16%
|
1 267
-77%
|
2 684
+112%
|
4 219
+57%
|
318
-92%
|
5 937
+1 770%
|
5 952
+0%
|
6 076
+2%
|
333
-95%
|
6 218
+1 765%
|
6 094
-2%
|
5 710
-6%
|
266
-95%
|
4 716
+1 670%
|
5 705
+21%
|
5 734
+1%
|
259
-95%
|
5 397
+1 982%
|
4 851
-10%
|
5 192
+7%
|
294
-94%
|
4 871
+1 555%
|
3 197
-34%
|
1 625
-49%
|
302
-81%
|
309
+2%
|
301
-3%
|
304
+1%
|
319
+5%
|
334
+5%
|
362
+8%
|
421
+16%
|
429
+2%
|
465
+8%
|
505
+9%
|
497
-1%
|
|
EPS (Diluted) |
11.56
N/A
|
8.91
-23%
|
9.72
+9%
|
10.01
+3%
|
10.75
+7%
|
12.47
+16%
|
2.92
-77%
|
6.19
+112%
|
9.74
+57%
|
0.73
-93%
|
13.72
+1 779%
|
13.76
+0%
|
14.04
+2%
|
0.77
-95%
|
14.36
+1 765%
|
14.2
-1%
|
13.32
-6%
|
0.63
-95%
|
11.29
+1 692%
|
13.76
+22%
|
13.81
+0%
|
0.62
-96%
|
13.43
+2 066%
|
12.07
-10%
|
12.95
+7%
|
0.73
-94%
|
12.98
+1 678%
|
8.13
-37%
|
4.18
-49%
|
0.79
-81%
|
0.82
+4%
|
0.8
-2%
|
0.8
N/A
|
0.86
+7%
|
0.9
+5%
|
0.98
+9%
|
1.13
+15%
|
1.16
+3%
|
1.25
+8%
|
1.36
+9%
|
1.35
-1%
|