CX

MKT CAP:$18B

CEMEX, S.A.B. de C.V.

Market Cap

$18B

Basic Materials·Construction Materials·🇲🇽 Mexico·NYSE

Materials·Construction·🇲🇽·NYSE

Stock Price

$11.77+$0.20 (+1.73%)

Apr 22, 2026

Company Details

CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers various com...

CEO

Jaime Muguiro Domínguez

IPO Date

Sep 15, 1999

Website

www.cemex.com

Key Metrics TTM

Revenue

$16.1B

+7.0% YoY

Net Income

$92M

EPS (Diluted)

-$2.64

Free Cash Flow

$1.1B

Revenue / Share

$10.02

Gross Margin

33.3%

Operating Margin

10.6%

Net Margin

0.6%

FCF Margin

7.0%

P/S

1.1x

P/E

195.8x

Earnings Reports

FY 2024

Apr 25, 2025

$16.2B-2.1%EPS $0.61

Q4 2024

Apr 25, 2025

$3.8B-5.3%EPS $0.03

Q2 2024

Jun 29, 2024

$4.4BEPS $0.16

Q1 2024

Mar 30, 2024

$3.9B-0.1%EPS $0.17

FY 2023

Apr 26, 2024

$16.6B+12.6%EPS $0.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 16	$3.5B	$1.3B	$515M
Q1 17	$3.3B	$1.1B	$523M
Q2 17	$3.7B	$1.3B	$478M
Q3 17	$3.5B	$1.3B	$424M
Q1 18	$3.5B	$1.1B	$342M
Q2 18	$3.7B	$1.3B	$458M
Q3 18	$3.8B	$1.3B	$445M
Q2 21	$3.7B	$1.3B	$490M
Q3 21	$3.7B	$1.2B	-$110M
Q4 21	$3.6B	$1.0B	$288M
Q4 22	$3.9B	$1.2B	-$99M
Q1 23	$3.9B	$1.3B	$449M
Q4 23	$4.0B	$1.3B	$283M
Q1 24	$3.9B	$1.3B	$402M
Q2 24	$4.4B	$1.5B	$628M
Q4 24	$3.8B	$1.2B	$393M

Valuation

Quarter	P/S	P/E
Q3 16	—	—
Q1 17	—	—
Q2 17	1.0x	12.9x
Q3 17	1.0x	11.3x
Q1 18	0.7x	10.2x
Q2 18	0.7x	9.7x
Q3 18	0.7x	12.7x
Q2 21	0.9x	15.4x
Q3 21	0.7x	25.2x
Q4 21	0.7x	39.5x
Q4 22	0.5x	—
Q1 23	0.5x	—
Q4 23	0.8x	—
Q1 24	0.8x	—
Q2 24	0.6x	35.4x
Q4 24	0.6x	97.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 16	$815M	$641M
Q1 17	$101M	$9M
Q2 17	$625M	$495M
Q3 17	$703M	$577M
Q1 18	$205M	$24M
Q2 18	$566M	$382M
Q3 18	$678M	$441M
Q2 21	$701M	$516M
Q3 21	$584M	$351M
Q4 21	$266M	$18M
Q4 22	$399M	$139M
Q1 23	$4M	-$178M
Q4 23	$577M	$288M
Q1 24	-$31M	-$189M
Q2 24	$537M	$332M
Q4 24	$1.1B	$700M

Capital Expenditures

Quarter	CapEx
Q3 16	$174M
Q1 17	$92M
Q2 17	$131M
Q3 17	$127M
Q1 18	$181M
Q2 18	$184M
Q3 18	$237M
Q2 21	$185M
Q3 21	$233M
Q4 21	$248M
Q4 22	$260M
Q1 23	$182M
Q4 23	$289M
Q1 24	$158M
Q2 24	$204M
Q4 24	$383M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 17	-2.9%	-1.3%
Q1 18	-1.3%	+4.3%
Q2 18	+11.6%	+16.0%
Q3 18	+2.9%	+4.4%
Q2 21	+6.5%	+5.3%
Q3 21	+6.7%	+21.9%
Q4 21	-4.1%	+0.6%
Q4 22	+2.8%	+19.5%
Q1 23	+5.6%	+7.7%
Q4 23	+9.0%	-1.6%
Q1 24	+10.3%	+7.8%
Q2 24	+12.6%	-6.0%
Q4 24	-3.5%	-2.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 16	$0	0.0%
Q1 17	$0	0.0%
Q2 17	$0	0.0%
Q3 17	$0	0.0%
Q1 18	$0	0.0%
Q2 18	$0	0.0%
Q3 18	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$77M	2.2%
Q4 22	$47M	1.2%
Q1 23	$0	0.0%
Q4 23	$61M	1.5%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$55M	1.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 16	—	—	—	$14.2B
Q2 17	—	—	—	$14.4B
Q3 17	—	—	—	$16.5B
Q2 21	—	$682M	$75M	—
Q3 21	—	$660M	$84M	—
Q4 21	$115M	$2.0B	$240M	—
Q4 22	—	$488M	—	—
Q1 23	—	$745M	$90M	—
Q4 23	$146M	$2.4B	$284M	—
Q1 24	—	$300M	$552M	—
Q2 24	—	$298M	$588M	—
Q4 24	—	$582M	$326M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$613M	$0	$613M
Q2 22	$490M	$0	$490M
Q3 22	$397M	$0	$397M
Q4 22	$495M	$0	$495M
Q1 23	$758M	$0	$758M
Q2 23	$471M	$0	$471M
Q3 23	$533M	$0	$533M
Q4 23	$624M	$0	$624M
Q1 24	$476M	$0	$476M
Q2 24	$425M	$0	$425M
Q3 24	$422M	$0	$422M
Q4 24	$864M	$0	$864M
Q1 25	$1.2B	$0	$1.2B
Q2 25	$1.2B	$0	$1.2B
Q3 25	$1.2B	$0	$1.2B
Q4 25	$1.8B	$0	$1.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 16	1.41B	+4.4%	—
Q1 17	1.41B	0.0%	—
Q2 17	1.51B	+7.3%	—
Q3 17	1.56B	+3.5%	+16.0%
Q1 18	1.51B	-3.3%	+7.4%
Q2 18	1.50B	-0.5%	+6.9%
Q3 18	1.50B	-0.2%	-0.6%
Q2 21	1.50B	-0.0%	-4.0%
Q3 21	1.47B	-1.8%	-2.5%
Q4 21	1.50B	+1.7%	-0.3%
Q4 22	1.42B	-5.5%	-5.6%
Q1 23	1.50B	+6.1%	+0.2%
Q4 23	1.45B	-3.6%	-1.6%
Q1 24	1.50B	+3.2%	-0.2%
Q2 24	1.47B	-1.9%	+3.6%
Q4 24	1.61B	+9.7%	+7.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 16	$81.3K	43K
Q1 17	$79.7K	42K
Q2 17	$87.4K	42K
Q3 17	$83.9K	42K
Q1 18	$84.7K	41K
Q2 18	$91.1K	41K
Q3 18	$92.1K	41K
Q2 21	$89.7K	42K
Q3 21	$88.6K	42K
Q4 21	$77.3K	46K
Q4 22	$88.2K	44K
Q1 23	$90.0K	44K
Q4 23	$86.6K	46K
Q1 24	$84.8K	46K
Q2 24	$93.7K	46K
Q4 24	$83.5K	46K

Revenue / Employee