CEMEX, S.A.B. de C.V. Income Statement 2024-2011 | CX

Brief overview of income trends at CEMEX, S.A.B. de C.V.

The conclusions below are based on five years of reported results. Revenue reported by CEMEX, S.A.B. de C.V. was 13 billion dollars at the beginning of the period and 16.2 billion dollars at the end. Overall revenue changed by +25%, equal to an annualized rate of about 4.6%. Sales changed only slightly and remained broadly flat.

Gross profit was 4.2 billion dollars at the start and 5.4 billion dollars at the end of the period (+28.1%). Revenue and direct costs changed at similar rates. Comparing the endpoints gives gross margins of 32.8% and 33.6%. The economics of the core business remained steady.

EBITDA changed from 965 million dollars to 1.8 billion dollars (+88.7%). EBITDA expanded faster than the top line. The EBITDA share of revenue changed from 7.4% to 11.2%. The company improved its ability to convert sales into EBITDA.

Net profit was $143 million at the start and $960 million at the end. The period finished with its strongest net-income result.

Over the period, capitalization shifted from $4.9 billion to $223 billion (+4456.6%). The market value rose well beyond the pace of financial improvement.

Conclusion

Positive developments coexist with areas of weakness. The financial profile benefits from steady gross profitability, higher operating efficiency and improving net profitability. The weaker side of the profile includes a softer top-line trend. Further direction will depend on top-line growth, operating profitability, and net income.