Mexico is home to a diverse and dynamic economy, supported by a wide range of industries including manufacturing, energy, finance, retail, and food production. This article highlights the 25 largest companies in Mexico by revenue, showcasing key players that drive the nation's economic growth. From multinational conglomerates and financial institutions to global leaders in food, beverages, and mining, these companies play a pivotal role both domestically and internationally. Revenue figures are based on the latest available data as of 2023 and 2024.
1. Pemex
Pemex, officially known as Petróleos Mexicanos, is Mexico’s state-owned petroleum company and the largest enterprise in the country by revenue. Pemex handles the entire value chain of the oil and gas industry, including exploration, production, refining, transportation, and marketing of hydrocarbons. It operates six refineries, eight petrochemical complexes, and over 10,000 kilometers of pipelines across Mexico. As a government-owned entity, Pemex plays a critical role in national energy security and economic policy.
In 2023, Pemex reported a revenue of $118.54 billion, making it not only the largest Mexican company but also one of the top oil companies globally. It employs over 125,000 people, making it one of the largest employers in Latin America.
Despite its size, Pemex has struggled with financial challenges, including high debt levels and declining oil production from aging fields. Nevertheless, the company remains a vital source of government revenue and national pride. Interestingly, Pemex is one of the few oil companies in the world that used to have a constitutional monopoly in its domestic market until Mexico's energy sector reform in 2013 opened the industry to foreign investment.
Revenue: $118.54 billion (2023)
2.América Móvil SAB de CV (NYSE:AMX)
América Móvil SAB de CV is a telecommunications giant based in Mexico and ranks among the top three largest companies in the country by revenue. It is one of the largest mobile network operators in the world, with operations across Latin America and parts of Europe, including countries like Brazil, Colombia, Argentina, Austria, and the U.S. (through its subsidiary TracFone, previously acquired by Verizon). The company provides a wide range of services, including mobile voice and data, fixed-line, broadband, and pay television.
As of March 31, 2024, América Móvil reported a trailing twelve-month revenue of $46.78 billion. The company employs over 183,000 people and serves more than 300 million wireless subscribers, making it one of the largest employers and service providers in the Western Hemisphere.
Founded and controlled by Mexican billionaire Carlos Slim, América Móvil has played a major role in modernizing telecommunications infrastructure throughout Latin America. An interesting fact is that it was originally part of Telmex, the former state-owned telecom monopoly, which was privatized in the 1990s and later spun off into América Móvil to handle its mobile business.
Revenue: $46.78 billion
3.Wal-Mart de México SAB de CV
Wal-Mart de México SAB de CV, commonly known as Walmex, is the second-largest company in Mexico by revenue and the leading retail chain in the country. A subsidiary of Walmart Inc., Walmex operates a wide variety of retail formats, including Walmart Supercenters, Bodega Aurrera (a popular discount format), Superama (upscale supermarkets), Walmart Express, and Sam’s Club warehouse stores. Its retail network spans across Mexico and several Central American countries, making it a dominant force in the region's retail sector.
As of March 31, 2024, Walmex reported trailing twelve-month revenue of $42.02 billion. The company employs over 230,000 associates, making it one of the largest private employers in Mexico. Walmex serves millions of customers each week through its more than 3,500 stores and robust e-commerce platforms.
Walmex has been a key driver of Walmart's international strategy and is recognized for its efficient logistics, broad supply chain reach, and aggressive pricing. Interestingly, Bodega Aurrera, one of its most successful formats, was originally developed in Mexico and has become central to Walmex's growth among price-sensitive consumers.
Revenue: $42.02 billion
4. Fomento Económico Mexicano SAB de CV
Fomento Económico Mexicano SAB de CV (FEMSA) is one of Mexico's most prominent multinational conglomerates, with major operations in beverages, retail, logistics, and financial services. Traded on the NYSE under the symbol FMX, FEMSA is best known for its ownership of Coca-Cola FEMSA, the world’s largest Coca-Cola bottler by volume, and OXXO, Latin America’s leading convenience store chain with more than 22,000 locations in Mexico and other countries including Colombia, Chile, Peru, and Brazil.
As of March 31, 2024, FEMSA reported trailing twelve-month revenue of $42.02 billion, placing it among Mexico’s largest and most diversified corporations. The company employs over 350,000 people across its multiple business segments, making it one of the largest employers in Latin America.
FEMSA has also expanded into digital financial services and pharmaceutical retail, operating thousands of drugstores through its FEMSA Health division. In recent years, it has invested heavily in logistics and supply chain platforms under the FEMSA Proximity and FEMSA Forward divisions.
Revenue: $42.02 billion
5.Comisión Federal de Electricidad
Comisión Federal de Electricidad (CFE) is Mexico’s state-owned electric utility and the dominant force in the country's electricity sector. Tasked with the generation, transmission, distribution, and commercialization of electric power, CFE operates an extensive network that supplies electricity to over 46 million customers, covering nearly the entire national territory. It is responsible for more than 90% of electricity distribution in the country, making it a cornerstone of Mexico’s public infrastructure.
In 2023, CFE generated revenue of $36.51 billion, positioning it among the top five largest companies in Mexico by revenue. The company employs approximately 90,000 workers across its various departments, including technical, maintenance, and administrative divisions.
CFE operates hundreds of power generation facilities, including hydroelectric, thermal, nuclear, wind, and solar plants, and plays a key role in Mexico’s energy transition efforts. Although it has faced criticism for its dependence on fossil fuels, the company is gradually investing in cleaner energy sources.
Revenue: $36.51 billion
6.Grupo Bimbo SAB de CV (BMV:BIMBOA)
Grupo Bimbo SAB de CV is the world’s largest baking company and one of Mexico’s most internationally recognized brands. Headquartered in Mexico City, Grupo Bimbo produces a vast portfolio of over 9,000 products under more than 100 brands, including Bimbo, Entenmann’s, Sara Lee, Oroweat, Thomas', and Takis. Its product lineup spans bread, pastries, snacks, tortillas, and other baked goods.
As of March 31, 2024, Grupo Bimbo reported trailing twelve-month revenue of $22.27 billion, ranking it sixth among Mexico’s largest companies by revenue. The company employs over 145,000 people and operates in 35 countries across the Americas, Europe, Asia, and Africa. It runs more than 220 bakeries and 1,500 sales centers, supported by one of the world’s largest distribution networks, with over 57,000 delivery routes.
Grupo Bimbo is widely admired for its sustainability initiatives, including investment in renewable energy, zero-waste programs, and a goal of becoming a net-zero emissions company. It also consistently ranks among the best places to work in Latin America.
7.CEMEX SAB de CV (NYSE:CX)
CEMEX SAB de CV is one of Mexico’s most globally recognized multinationals, specializing in building materials and construction solutions. Headquartered in Monterrey, CEMEX produces and distributes cement, ready-mix concrete, aggregates, and a variety of urban infrastructure and sustainability-focused construction services. The company operates in more than 50 countries, with a strong presence across the Americas, Europe, the Middle East, Africa, and Asia.
As of March 31, 2024, CEMEX reported trailing twelve-month revenue of $17.52 billion, cementing its place among the top Mexican companies by revenue. It employs approximately 43,000 people worldwide and serves thousands of clients, from large infrastructure developers to small contractors.
CEMEX is a leader in green construction, with initiatives to reduce carbon emissions and promote circular economy practices. The company has pledged to achieve net-zero CO₂ emissions by 2050 and continues to invest in alternative fuels, carbon capture, and low-carbon products.
Revenue: $17.52 billion
8. Grupo México SAB de CV (BMV:GMEXICOB)
Grupo México SAB de CV is one of Mexico’s most powerful conglomerates, with operations spanning mining, transportation, and infrastructure development. It is best known as the country’s largest mining company and one of the top global producers of copper, operating massive mining projects in Mexico, Peru, and the United States through its mining division, Southern Copper Corporation.
As of September 30, 2023, Grupo México reported a trailing twelve-month revenue of $14.75 billion, making it the 8th-largest company in Mexico by revenue. The group employs more than 30,000 people across its business units, which include Grupo México Transportes, the largest freight rail operator in Mexico, and Grupo México Infraestructura, which focuses on energy, water, and engineering services.
Grupo México has made major investments in sustainable mining technologies and logistics modernization, and it plays a critical role in supplying copper and other base metals needed for global infrastructure and clean energy projects.
Revenue: $14.75 billion
9. Coca-Cola FEMSA SAB de CV (NYSE:KOF)
Coca-Cola FEMSA SAB de CV, widely known as Coca-Cola FEMSA (KOF), is the largest franchise bottler of Coca-Cola products in the world by volume. Headquartered in Mexico City, the company is a subsidiary of FEMSA and operates under franchise agreements with The Coca-Cola Company, producing, distributing, and marketing a broad portfolio of beverages, including soft drinks, bottled water, juices, teas, sports drinks, and dairy-based products.
As of March 31, 2023, Coca-Cola FEMSA reported trailing twelve-month revenue of $14.54 billion, securing its position among the top 10 largest companies in Mexico. The company operates in 10 Latin American countries, including Mexico, Brazil, Colombia, Argentina, and Central America, and it serves over 270 million consumers through a massive distribution network.
Coca-Cola FEMSA employs approximately 80,000 people and operates more than 50 bottling plants and 300 distribution centers. The company has also been investing in digital transformation, sustainable packaging, and water conservation, playing a leading role in the beverage industry’s environmental efforts in Latin America.
Revenue: $14.54 billion
10.Arca Continental SAB de CV (BMV:AC)
Arca Continental SAB de CV is a major multinational beverage company and one of the largest Coca-Cola bottlers in Latin America. Headquartered in Monterrey, Mexico, Arca Continental produces, distributes, and markets non-alcoholic beverages under The Coca-Cola Company brand, including sodas, bottled water, juices, teas, and energy drinks. In addition to beverages, the company also owns a growing snack food division, producing brands such as Wise Snacks in the U.S. and Inalecsa in Ecuador.
As of September 30, 2023, Arca Continental reported trailing twelve-month revenue of $12 billion, placing it among Mexico’s top 10 companies by revenue. The company employs approximately 68,000 people and operates in Mexico, the United States, Ecuador, Peru, and Argentina. In the U.S., it services territories across Texas and parts of the Southwest through its subsidiary, Coca-Cola Southwest Beverages.
Arca Continental is also recognized for its emphasis on sustainability, with significant investment in water stewardship, PET recycling, and energy-efficient production technologies. It continues to expand both geographically and through product innovation to meet evolving consumer preferences.
Revenue: $12 billion
11.Grupo Financiero Banorte SAB de CV (BMV:GFNORTEO)
Grupo Financiero Banorte SAB de CV, commonly known as GFNorte, is one of Mexico’s largest and most respected financial groups. Established in 1899, Banorte has grown into a full-service financial institution offering a comprehensive portfolio of products and services that include retail and corporate banking, insurance, investment funds, pension management, and digital banking.
As of March 31, 2023, Banorte reported trailing twelve-month revenue of $11.51 billion, placing it among the top financial firms in Mexico. The company serves millions of individual and corporate clients through a vast network of over 1,300 branches and thousands of ATMs nationwide. It also operates through subsidiaries specializing in asset management, wealth advisory, and insurance services.
Banorte is known for its focus on innovation and digital transformation, investing heavily in mobile banking platforms and fintech partnerships to enhance customer experience and financial inclusion in Mexico.
Revenue: $11.51 billion
12.Grupo Carso SAB de CV (BMV:GCARSOA1)
Grupo Carso SAB de CV is one of Mexico’s largest and most diversified conglomerates, founded and led by businessman Carlos Slim, one of the world’s wealthiest individuals. The company operates across multiple sectors, including retail, industrial manufacturing, infrastructure, construction, energy, and telecommunications.
Key subsidiaries include Grupo Sanborns, a major retail and restaurant chain; Grupo Condumex, a leading manufacturer of cables and electrical products; CICSA, focused on construction and infrastructure projects; and Carso Energy, which provides services in oil, gas, and energy sectors. This diverse portfolio allows Grupo Carso to leverage synergies across industries and maintain a solid footprint not only in Mexico but throughout Latin America.
As of 2024, Grupo Carso continues to play a vital role in Mexico’s economic development, particularly through its investments in telecommunications infrastructure and industrial innovation. The conglomerate employs tens of thousands of workers across its business units and has a strong focus on sustainability and social responsibility initiatives.
Revenue: $10.79 billion
13. Organización Soriana SAB de CV (BMV:SORIANAB)
Organización Soriana SAB de CV is one of Mexico’s leading retail companies, operating a vast network of grocery and department stores across the country. Since its founding in 1968, Soriana has grown into a retail powerhouse, with a diverse portfolio of store formats that includes hypermarkets, supermarkets, convenience stores, and wholesale outlets. This flexibility allows it to cater to a wide range of customer needs, from everyday grocery shopping to bulk purchasing for businesses.
As of 2024, Soriana reported an annual revenue of approximately $8.97 billion, making it a significant player in Mexico’s retail sector and a major competitor to companies like Walmart de México and Chedraui. The company serves millions of customers through over 800 stores nationwide, supported by a robust supply chain and distribution network.
Soriana also offers private label products and operates a popular loyalty rewards program called Recompensas Soriana, which enhances customer retention and engagement. Additionally, it provides financial services such as consumer credit and payment solutions, broadening its market reach.
Revenue: $8.97 billion
14. Gruma SAB de CV (BMV:GRUMAB)
Gruma SAB de CV is a globally renowned Mexican multinational food company and the world’s largest producer of corn flour and tortillas. The company operates under several well-known brands including Maseca, its flagship corn flour brand, and Mission, which offers tortillas and related products. Gruma’s products are staples in households and restaurants worldwide, contributing significantly to the globalization of Mexican cuisine.
With a strong international presence, Gruma operates manufacturing facilities across the Americas, Europe, Asia, and Oceania, ensuring supply to a diverse customer base that includes both retail consumers and foodservice providers. This extensive network enables the company to cater to varying tastes and dietary needs while maintaining high standards of quality and food safety.
As of 2024, Gruma reported a revenue of approximately $6.58 billion, underlining its position as a leader in the global food industry. The company employs around 14,000 people worldwide and continually invests in innovation, sustainability, and expanding its product lines to meet evolving consumer preferences.
Revenue: $6.58 billion
15.Grupo Elektra SAB de CV (BMV:ELEKTRA)
Grupo Elektra SAB de CV is a major Mexican financial and retail conglomerate known for its extensive network of stores offering household appliances, electronics, furniture, and consumer goods. In addition to its retail operations, Grupo Elektra plays a significant role in financial services, primarily through its subsidiary Banco Azteca, which provides banking, insurance, and consumer credit products targeting mainly underbanked and underserved populations in Mexico and the United States.
As of 2024, Grupo Elektra reported annual revenues in the range of $5 to 6 billion, reflecting its strong market presence. The company operates thousands of retail outlets across Latin America and the U.S., employing more than 40,000 people. Its business model combines product sales with credit offerings, allowing customers to finance purchases and access financial services that would otherwise be difficult to obtain.
Grupo Elektra is known for its focus on financial inclusion, using technology and innovative credit solutions to reach rural and low-income communities. This mission has earned it a critical role in expanding access to banking and consumer finance in the region.
Revenue: $5.27 billion
16. Industrias Bachoco SAB de CV (BMV:BACHOCOB)
Industrias Bachoco SAB de CV is Mexico’s largest poultry producer and one of the leading players in the North American poultry market. The company specializes in the production, processing, and distribution of chicken, eggs, and related products, serving both retail consumers and foodservice sectors. With a focus on quality, safety, and sustainability, Bachoco operates vertically integrated facilities that control everything from breeding to processing.
As of 2024, Bachoco reported revenues of approximately $5.27 billion, reflecting steady demand for poultry products both domestically and internationally. The company employs around 14,000 people and exports to several countries, including the United States and Japan.
Bachoco is known for its commitment to animal welfare, environmental responsibility, and innovation in food production. It has invested in automation and biotechnology to increase efficiency and product quality.
Revenue: $5.27 billion.
17. Grupo Televisa SAB (NYSE:TV)
Grupo Televisa SAB, commonly known as Televisa, is one of Mexico’s leading telecommunications and media companies, playing a pivotal role in the Latin American entertainment landscape. The company operates an extensive cable television network and offers direct-to-home (DTH) satellite pay-TV services throughout Mexico, delivering a wide range of content that includes news, sports, telenovelas, and general entertainment.
As of 2024, Televisa reported revenue of approximately $4.1 billion, reflecting its strong foothold in broadcast media and telecommunications. The company also produces original content that reaches audiences across Latin America and Spanish-speaking communities worldwide, making it a cultural touchstone in the region.
Televisa has expanded its digital presence by investing in streaming platforms and partnerships to adapt to changing consumer behaviors. With thousands of employees, Televisa continues to innovate in content creation and distribution, positioning itself at the forefront of the evolving media landscape.
Revenue: $4.1 billion.
18.Grupo Financiero Inbursa SAB de CV (BMV:GFINBURO)
Grupo Financiero Inbursa SAB de CV is a prominent Mexican financial services conglomerate offering a comprehensive portfolio of banking, insurance, investment, and retirement products. Through its various subsidiaries, Inbursa serves a diverse client base that includes individual consumers, small and medium enterprises, and large corporations.
As of 2024, Inbursa reported revenues of approximately $3.93 billion, underscoring its significant role within Mexico’s financial sector. The company is well-regarded for its diversified financial services, which encompass commercial banking, asset management, insurance underwriting, and pension fund administration. This wide-ranging approach helps Inbursa mitigate risks and capture growth opportunities across different market segments.
Grupo Financiero Inbursa is part of the Carlos Slim business empire and benefits from synergies with other companies within the conglomerate, particularly in telecommunications and retail. It employs around 12,000 people and continues to invest in digital banking technologies and innovative financial solutions to enhance customer experience and expand market reach.
Revenue: $3.93 billion.
19.Controladora Vuela Compañía de Aviación SAB de CV (NYSE:VLRS)
Controladora Vuela Compañía de Aviación SAB de CV, operating under the brand Volaris, is one of Mexico’s leading low-cost airlines and a key player in the North and Central American aviation markets. Volaris has built a strong reputation for offering budget-friendly fares without compromising on safety and customer service, enabling it to capture a large share of price-sensitive travelers.
As of 2024, Volaris reported a revenue of approximately $3.29 billion, reflecting its steady growth driven by an expanding network of domestic routes and an increasing number of international destinations, including the United States, Central America, and the Caribbean. The airline operates a modern fleet focused on fuel efficiency, which helps reduce costs and environmental impact.
Volaris employs around 7,500 people, emphasizing a culture of innovation and customer satisfaction. Its strategic focus on cost management, digital sales channels, and ancillary revenue streams such as baggage fees and in-flight services has helped it maintain profitability in a competitive industry..
Revenue: $3.29 billion.
20. Kimberly-Clark de México SAB de CV (BMV:KIMBERA)
Kimberly-Clark de México SAB de CV is a leading Mexican manufacturer specializing in personal care and paper-based consumer products. The company’s extensive product portfolio includes everyday essentials such as diapers, facial and bathroom tissues, feminine hygiene products, napkins, kitchen rolls, and hand towels, making it a household name across Mexico and Latin America.
As of 2024, Kimberly-Clark de México reported revenue of approximately $3.09 billion, reflecting its strong market presence and continued consumer demand for hygiene and home care products. The company operates modern manufacturing facilities that emphasize sustainability and innovation, incorporating eco-friendly materials and processes to reduce environmental impact.
Employing over 5,000 people, Kimberly-Clark de México invests heavily in research and development to adapt to evolving consumer needs, particularly in health and wellness trends. The company also maintains a strong distribution network that ensures its products reach both urban and rural areas across the region.
Revenue: $3.09 billion .
21.Fresnillo Plc (BMV:FRES)
Fresnillo Plc stands as one of Mexico’s premier precious metals mining companies and is globally recognized as the largest primary silver producer in the world. It also ranks among Mexico’s top gold producers, operating several mines primarily located in the mineral-rich state of Zacatecas. The company’s operations encompass exploration, extraction, and processing of silver, gold, and other precious metals, contributing significantly to both the Mexican economy and global precious metals markets.
As of 2024, Fresnillo reported revenues of approximately $2.7 billion, driven by sustained demand for precious metals used in industries ranging from jewelry to electronics and investment. The company employs around 4,000 people, including a large workforce of miners, engineers, and technical specialists focused on sustainable and efficient mining practices.
Fresnillo places a strong emphasis on environmental stewardship and social responsibility, implementing community development programs in mining regions and investing in technologies to reduce environmental impact, including water recycling and emission controls.
Revenue: $2.7 billion.
22. Becle SAB de CV (BMV:CUERVO)
Becle SAB de CV is a leading Mexican beverage company, internationally renowned for its flagship tequila brand, Jose Cuervo, which holds the distinction of being the world’s best-selling tequila. The company’s portfolio extends beyond tequila to include a variety of spirits, ready-to-drink cocktails, and non-alcoholic beverages, catering to diverse consumer preferences across global markets.
As of 2024, Becle reported revenues estimated at around $2.5 billion, reflecting its strong export presence to over 85 countries and its leadership position in the premium spirits segment. The company operates state-of-the-art production facilities in Mexico, combining traditional distillation methods with modern technology to ensure consistent quality and innovation.
With a workforce of approximately 3,500 employees, Becle invests heavily in marketing and brand-building initiatives that emphasize Mexican heritage and craftsmanship, enhancing its global appeal. The company also places a focus on sustainability, implementing water conservation and waste reduction programs within its production processes.
Revenue: $2.45 billion.
23. Grupo Simec SAB de CV (BMV:SIMECB)
Grupo Simec SAB de CV is a leading Mexican industrial company specializing in the manufacturing, processing, and distribution of special bar quality (SBQ) steel and structural steel products. The company plays a vital role in supplying steel solutions to key sectors such as automotive, construction, machinery, and energy, both within Mexico and internationally.
As of 2024, Grupo Simec reported revenues of approximately $2.3 billion, reflecting its strong market position and growing demand for high-quality steel products. The company operates several state-of-the-art steel production and processing facilities, focusing on innovation, precision, and efficiency to meet stringent customer specifications.
Grupo Simec employs around 3,000 people, combining experienced engineers and skilled labor to maintain high standards of quality and sustainability. The company is committed to environmental responsibility, investing in energy-efficient technologies and recycling initiatives to minimize its carbon footprint.
Revenue: $2.09 billion.
24. Grupo Aeroportuario del Pacífico SAB de CV (NYSE:PAC)
Grupo Aeroportuario del Pacífico (GAP) is a leading Mexican airport operator, managing a network of 12 airports primarily situated along Mexico’s Pacific coast. These airports serve millions of passengers annually, including major tourist destinations like Guadalajara, Puerto Vallarta, and Los Cabos, making GAP a critical player in the region’s travel and tourism infrastructure.
In 2024, GAP reported revenues of approximately $1.92 billion, driven by passenger traffic growth, airport services, and commercial activities such as retail and concessions within airport terminals. The company focuses on enhancing passenger experience through continuous investments in infrastructure modernization, technological upgrades, and sustainability initiatives.
With around 2,000 employees, GAP maintains high standards for operational efficiency and safety, positioning itself as one of the top airport operators not only in Mexico but also globally. Its strategic locations enable it to capitalize on both domestic and international travel trends.
Revenue: $1.92 billion.
25.Gentera SAB de CV (BMV:GENTERA)
Gentera SAB de CV is a prominent Mexican financial services company focused on providing inclusive financial products to underserved and emerging markets, primarily in Mexico and Peru. The company offers a diverse portfolio that includes working capital loans, insurance products, savings accounts, and digital payment solutions, designed to support small businesses and low-income individuals in achieving financial stability and growth.
As of 2024, Gentera reported revenues of approximately $1.85 billion, reflecting strong demand for microfinance and financial inclusion services in Latin America. The company leverages technology to reach remote and traditionally unbanked populations, employing mobile banking platforms and alternative credit assessment models.
Gentera employs around 3,200 people, including financial advisors, field agents, and technology specialists dedicated to customer outreach and product innovation. The company is committed to social impact, focusing on empowering entrepreneurs and fostering economic development within local communities.
Revenue: $1.85 billion.