Grupo Aeroportuario del Centro Norte SAB de CV
NASDAQ: OMAB · INDUSTRIALS · AIRPORTS & AIR SERVICES
Updated 2026-06-05
Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.69B | $1.90B | $1.99B | $2.54B | $2.57B | $2.79B | $3.14B | $3.42B | $3.73B | $4.49B | $5.55B | $7.13B | $7.91B | $8.53B | $5.37B | $8.72B | $11.93B | $14.46B | $15.07B | $15.96B |
| Revenue growth (YoY) | — | +12.4% | +4.8% | +27.6% | +1.5% | +8.4% | +12.6% | +8.8% | +9.1% | +20.5% | +23.5% | +28.5% | +10.9% | +7.8% | -37.1% | +62.5% | +36.9% | +21.1% | +4.3% | +5.9% |
| Cost of revenue | $1.06B | $1.17B | $458.82M | $1.09B | $1.43B | $1.38B | $1.47B | $1.69B | $1.66B | $1.81B | $2.03B | $2.87B | $3.04B | $2.98B | $2.85B | $3.57B | $4.60B | $4.95B | $5.00B | $4.78B |
| Gross profit | $626.10M | $727.92M | $1.53B | $1.45B | $1.14B | $1.41B | $1.68B | $1.73B | $2.07B | $2.69B | $3.52B | $4.26B | $4.87B | $5.55B | $2.52B | $5.15B | $7.34B | $9.51B | $10.08B | $11.19B |
| Gross margin | 37.1% | 38.4% | 76.9% | 57.1% | 44.3% | 50.5% | 53.3% | 50.5% | 55.6% | 59.8% | 63.4% | 59.7% | 61.6% | 65.1% | 46.9% | 59.0% | 61.5% | 65.8% | 66.8% | 70.1% |
| R&D | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
| SG&A | $233.30M | $233.30M | $242.07M | $382.68M | $380.47M | $434.53M | $457.75M | $501.23M | $539.75M | $558.22M | $642.35M | $722.99M | $563.15M | $542.66M | $518.06M | $586.54M | $667.60M | $661.45M | $776.41M | $871.26M |
| Operating income | $626.10M | $727.92M | $687.37M | $559.38M | $720.52M | $919.27M | $1.16B | $1.21B | $1.47B | $2.04B | $2.78B | $3.24B | $4.13B | $4.86B | $1.72B | $4.11B | $6.06B | $8.07B | $8.07B | $8.94B |
| Operating margin | 37.1% | 38.4% | 34.6% | 22.0% | 28.0% | 33.0% | 36.9% | 35.4% | 39.4% | 45.3% | 50.2% | 45.4% | 52.3% | 56.9% | 32.1% | 47.1% | 50.8% | 55.8% | 53.6% | 56.0% |
| EBITDA | $918.20M | $1.06B | $1.05B | $985.39M | $887.10M | $1.06B | $1.40B | $1.48B | $1.75B | $2.32B | $3.23B | $3.54B | $4.66B | $5.39B | $2.35B | $4.84B | $6.78B | $8.97B | $9.16B | $9.98B |
| EBITDA margin | 54.4% | 56.1% | 53.0% | 38.8% | 34.5% | 38.1% | 44.5% | 43.2% | 46.9% | 51.7% | 58.2% | 49.6% | 59.0% | 63.2% | 43.7% | 55.5% | 56.8% | 62.1% | 60.7% | 62.5% |
| EBIT | $626.10M | $727.92M | $687.37M | $573.50M | $737.87M | $896.58M | $1.21B | $1.28B | $1.52B | $2.08B | $2.95B | $3.24B | $4.31B | $4.98B | $1.91B | $4.35B | $6.23B | $8.33B | $8.40B | $9.11B |
| Interest expense | $259.88M | $883.98M | $326.07M | $26.20M | $87.09M | $98.43M | $103.85M | $209.36M | $264.37M | $334.76M | $330.69M | $352.82M | $325.56M | $376.01M | $420.50M | $516.68M | $934.10M | $1.27B | $1.33B | $1.48B |
| 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% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $469.24M | $31.19M | $541.80M | $469.52M | $660.90M | $615.82M | $818.12M | $1.20B | $1.02B | $1.23B | $1.87B | $2.13B | $2.85B | $3.22B | $1.09B | $2.86B | $3.90B | $5.01B | $4.93B | $5.34B |
| Net income growth (YoY) | — | -93.4% | +1637.0% | -13.3% | +40.8% | -6.8% | +32.9% | +46.6% | -14.6% | +20.4% | +51.6% | +13.8% | +34.0% | +12.9% | -66.0% | +161.1% | +36.5% | +28.5% | -1.7% | +8.4% |
| Profit margin | 27.8% | 1.6% | 27.2% | 18.5% | 25.7% | 22.1% | 26.0% | 35.1% | 27.5% | 27.5% | 33.7% | 29.8% | 36.1% | 37.8% | 20.4% | 32.8% | 32.7% | 34.7% | 32.7% | 33.5% |
Frequently asked questions
What is Grupo Aeroportuario del Centro Norte SAB de CV's revenue?
Grupo Aeroportuario del Centro Norte SAB de CV's trailing twelve-month revenue is $16.21B, and consensus projects about $29.45B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is OMAB?
In its most recent fiscal year, OMAB ran a gross margin of 70.09%, an operating margin of 56.01%, and a net margin of 33.46%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does OMAB generate?
OMAB produced $7.36B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is OMAB's balance sheet healthy?
OMAB holds $3.10B in cash and equivalents against $11.79B in long-term debt, on $11.26B of shareholder equity. That debt is best read against the cash flow the business throws off each year.