BWMX FY 2024 Earnings Report — Betterware de México, S.A.P.I. de C.V. Revenue & Financial Results | Market Cap Arena

Betterware de México, S.A.P.I. de C.V.BWMX

FY 2024 Earnings

Reported April 29, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$811M	—	$748M	—	8.4%
Op. Income	$97M	—	$135M	—	-28.1%
Gross Margin	67.9%	—	71.5%	—	-3.6pp
Net Margin	5.0%	—	8.1%	—	-3.0pp
EPS (Diluted)	$1.10	—	$1.62	—	-32.3%
Free Cash Flow	$92M	—	$129M	—	-28.4%

Revenue Flow

Item	Amount
REVENUE	$811M
Cost of Revenue	$260M
GROSS PROFIT	$551M
R&D Expenses	$0
Selling & Marketing	$278M
General & Administrative	$115M
SG&A Expenses	$394M
Other Expenses	$60M
Operating Expenses	$454M
Cost & Expenses	$714M
OPERATING INCOME	$97M
Interest Income	$1M
Interest Expense	$37M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$68M
Income Tax Expense	$27M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$23M
EBIT	$105M
EBITDA	$127M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$811M
Cost of Revenue	$260M
GROSS PROFIT	$551M
R&D Expenses	$0
Selling & Marketing	$278M
General & Administrative	$115M
SG&A Expenses	$394M
Other Expenses	$60M
Operating Expenses	$454M
Cost & Expenses	$714M
OPERATING INCOME	$97M
Interest Income	$1M
Interest Expense	$37M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$68M
Income Tax Expense	$27M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$23M
EBIT	$105M
EBITDA	$127M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$23M
Stock-Based Compensation	-$511.4K
Deferred Income Tax	$27M
Other Non-Cash Items	$33M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$105M
Capital Expenditure	-$13M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$2M
Net Debt Issuance	-$26M
Common Stock Repurchased	$0
Common Dividends Paid	-$57M
Other Financing Activities	-$35M
NET CASH FROM FINANCING	-$118M
FREE CASH FLOW	$92M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$0
Net Receivables	$71M
Inventory	$144M
Other Current Assets	$29M
TOTAL CURRENT ASSETS	$266M
PP&E (Net)	$122M
Goodwill	$92M
Intangible Assets	$90M
Long-Term Investments	$0
Tax Assets	$30M
Other Non-Current Assets	$834.0K
TOTAL NON-CURRENT ASSETS	$335M
TOTAL ASSETS	$601M
Account Payables	$124M
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$51M
TOTAL CURRENT LIABILITIES	$245M
Long-Term Debt	$240M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$289M
TOTAL LIABILITIES	$534M
Common Stock	$18M
Additional Paid-In Capital	-$1M
Retained Earnings	$51M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$67M
Minority Interest	-$99.0K
TOTAL EQUITY	$67M
TOTAL LIABILITIES & EQUITY	$601M
Total Debt	$297M
Net Debt	$280M