BWMX
Betterware de México, S.A.P.I. de C.V.
NYSE: BWMX · CONSUMER CYCLICAL · SPECIALTY RETAIL
$16.83
+0.06% today
Updated 2026-04-29
Market cap
$626.82M
P/E ratio
9.30
P/S ratio
0.04x
EPS (TTM)
$1.81
Dividend yield
6.89%
52W range
$7 – $19
Volume
0.1M
Betterware de México, S.A.P.I. de C.V. (BWMX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $2.32B | — | $3.08B | $7.24B | $10.07B | $11.51B | $13.01B | $14.10B | $13.38B |
| Revenue growth (YoY) | — | +59.8% | -100.0% | — | +134.6% | +39.1% | +14.3% | +13.1% | +8.4% | -5.1% |
| Cost of revenue | $558.11M | $958.47M | — | $1.28B | $3.28B | $4.50B | $3.98B | $3.70B | $4.52B | $4.46B |
| Gross profit | $891.60M | $1.36B | — | $1.80B | $3.96B | $5.57B | $7.52B | $9.31B | $9.58B | $8.92B |
| Gross margin | 61.5% | 58.6% | — | 58.5% | 54.7% | 55.3% | 65.4% | 71.5% | 67.9% | 66.6% |
| R&D | — | — | — | — | — | — | — | — | — | — |
| SG&A | $204.56M | $249.15M | — | $319.13M | $667.65M | $1.25B | $2.20B | $2.91B | $2.00B | $7.23B |
| Operating income | $330.86M | $551.75M | $-711430.00 | $812.25M | $2.06B | $2.60B | $2.03B | $2.35B | $1.69B | $2.13B |
| Operating margin | 22.8% | 23.8% | — | 26.3% | 28.5% | 25.8% | 17.6% | 18.0% | 12.0% | 15.9% |
| EBITDA | $447.04M | $561.75M | — | $828.66M | $948.05M | $2.72B | $2.22B | $2.63B | $2.21B | $2.50B |
| EBITDA margin | 30.8% | 24.2% | — | 26.9% | 13.1% | 27.0% | 19.3% | 20.2% | 15.7% | 18.7% |
| EBIT | $422.83M | $535.79M | — | $790.26M | $904.36M | $2.64B | $1.93B | $2.25B | $1.82B | $2.13B |
| Interest expense | $118.20M | $86.34M | $0.00 | $85.43M | $80.25M | $75.82M | $543.32M | $820.26M | $639.71M | $507.40M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $207.67M | $299.27M | $226960.00 | $472.14M | $298.44M | $1.75B | $872.56M | $1.05B | $711.73M | $978.04M |
| Net income growth (YoY) | — | +44.1% | -99.9% | +207928.7% | -36.8% | +486.9% | -50.2% | +20.3% | -32.2% | +37.4% |
| Profit margin | 14.3% | 12.9% | — | 15.3% | 4.1% | 17.4% | 7.6% | 8.1% | 5.0% | 7.3% |