ASR

MKT CAP:$10B

Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Market Cap

$10B

Industrials·Airlines, Airports & Air Services·🇲🇽 Mexico·NYSE

Industrials·Airlines,·🇲🇽·NYSE

Stock Price

$315.15-$8.57 (-2.65%)

Apr 23, 2026

Company Details

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates nine airports that are located in the cities of Cancún, Cozumel, Mérida,...

CEO

Adolfo Castro Rivas

IPO Date

Sep 28, 2000

Website

www.asur.com.mx

Key Metrics TTM

Revenue

$2.2B

— YoY

Net Income

$678M

EPS (Diluted)

$22.60

Free Cash Flow

$286M

Revenue / Share

$71.86

Gross Margin

65.9%

Operating Margin

47.5%

Net Margin

31.4%

FCF Margin

13.3%

P/S

4.4x

P/E

14.1x

Earnings Reports

FY 2025

Apr 16, 2026

NEW

$2.1B+18.8%EPS $20.10

Q4 2025

Apr 16, 2026

NEW

$631M+21.6%EPS $5.20

Q2 2025

Jun 29, 2025

$501M+17.9%EPS $4.11

Q1 2025

Mar 31, 2025

$505M+18.2%EPS $6.74

FY 2024

Apr 10, 2025

$1.8BEPS $25.97

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$261M	-$22M	$114M
Q1 24	$428M	$311M	$263M
Q2 24	$425M	$417M	$250M
Q4 24	$519M	$299M	$259M
Q1 25	$505M	$496M	$293M
Q2 25	$501M	$340M	$254M
Q4 25	$631M	$285M	$218M

Valuation

Quarter	P/S	P/E
Q4 19	—	—
Q1 24	—	—
Q2 24	—	—
Q4 24	5.9x	14.6x
Q1 25	5.1x	12.2x
Q2 25	4.9x	13.1x
Q4 25	4.4x	14.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$109M	$10M
Q1 24	$199M	$188M
Q2 24	$222M	$222M
Q4 24	$256M	$111M
Q1 25	$192M	$192M
Q2 25	$153M	$73M
Q4 25	$135M	-$89M

Capital Expenditures

Quarter	CapEx
Q4 19	$99M
Q1 24	$10M
Q2 24	$0
Q4 24	$146M
Q1 25	$0
Q2 25	$80M
Q4 25	$224M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	+93.4%	+44.3%
Q2 25	+17.2%	+50.6%
Q4 25	+48.4%	+135.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q4 19	$4M
Q1 24	$5M
Q2 24	$168M
Q4 24	$5M
Q1 25	$203M
Q2 25	$5M
Q4 25	$5M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$29M	$0	$29M
Q2 22	$21M	$0	$21M
Q3 22	$40M	$0	$40M
Q4 22	$43M	$0	$43M
Q1 23	$48M	$0	$48M
Q2 23	$49M	$0	$49M
Q3 23	$56M	$0	$56M
Q4 23	$798M	$0	$798M
Q1 24	$967M	$0	$967M
Q2 24	$862M	$0	$862M
Q3 24	$1.1B	$0	$1.1B
Q4 24	$1.2B	$0	$1.2B
Q1 25	$1.3B	$0	$1.3B
Q2 25	$1.1B	$0	$1.1B
Q3 25	$51M	$0	$51M
Q4 25	$639M	$0	$639M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	30M	—	—
Q1 24	30M	+0.0%	—
Q2 24	30M	-0.0%	—
Q4 24	30M	0.0%	—
Q1 25	30M	-0.0%	+0.0%
Q2 25	30M	-0.0%	-0.0%
Q4 25	30M	+0.0%	-0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$706.3K	370
Q1 24	$1M	370
Q2 24	$1M	370
Q4 24	$1M	370
Q1 25	$1M	370
Q2 25	$1M	370
Q4 25	$2M	370

Revenue / Employee