OMAB

MKT CAP:$6B

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Market Cap

$6B

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

Industrials·Airlines,·🇲🇽·NASDAQ

Stock Price

$116.97+$8.04 (+7.38%)

Apr 20, 2026

Company Details

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Z...

CEO

Ricardo Duenas Espriu

IPO Date

Nov 29, 2006

Website

www.oma.aero

Key Metrics TTM

Revenue

$659M

— YoY

Net Income

$200M

EPS (Diluted)

$4.11

Free Cash Flow

$248M

Revenue / Share

$13.65

Gross Margin

78.3%

Operating Margin

90.8%

Net Margin

30.3%

FCF Margin

37.6%

P/S

8.5x

P/E

28.1x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Dec 31, 2025

$918M+5.9%EPS $6.36

Q4 2025

Dec 31, 2025

$237M-0.0%EPS $1.45

FY 2024

Apr 29, 2025

$867MEPS $5.87

Q4 2024

Apr 29, 2025

$237MEPS $1.41

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 15	$66M	$43M	$31M
Q1 16	$65M	$46M	$34M
Q2 16	$77M	$52M	$38M
Q4 17	$109M	$62M	$48M
Q4 24	$237M	$196M	$126M
Q4 25	$237M	$206M	$387M

Valuation

Quarter	P/S	P/E
Q3 15	—	—
Q1 16	—	—
Q2 16	—	—
Q4 17	17.8x	55.9x
Q4 24	11.5x	37.2x
Q4 25	8.5x	28.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 15	$26M	$19M
Q3 15	$32M	$27M
Q1 16	$21M	$18M
Q2 16	$31M	$25M
Q4 24	$108M	$102M
Q4 25	$106M	$102M

Capital Expenditures

Quarter	CapEx
Q2 15	$7M
Q3 15	$5M
Q1 16	$2M
Q2 16	$6M
Q4 24	$5M
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 24	+260.0%	+219.3%
Q4 25	+264.7%	-588.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 15	$0	—
Q3 15	$0	0.0%
Q1 16	$0	0.0%
Q2 16	$0	0.0%
Q4 24	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q3 15	$8M
Q1 16	$8M
Q2 16	$9M
Q4 17	$8M
Q4 24	$26M
Q4 25	$28M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$344M	$0	$344M
Q1 22	$187M	$0	$187M
Q2 22	$101M	$0	$101M
Q4 22	$192M	$0	$192M
Q1 23	$163M	$0	$163M
Q2 23	$115M	$0	$115M
Q3 23	$128M	$0	$128M
Q4 23	$148M	$0	$148M
Q1 24	$198M	$0	$198M
Q2 24	$93M	$0	$93M
Q3 24	$138M	$0	$138M
Q4 24	$95M	$0	$95M
Q1 25	$130M	$0	$130M
Q2 25	$193M	$0	$193M
Q3 25	$256M	$0	$256M
Q4 25	$178M	$0	$178M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 15	49M	—	—
Q1 16	49M	-0.2%	—
Q2 16	49M	+0.0%	—
Q4 17	49M	+0.3%	—
Q4 24	48M	-1.8%	-1.6%
Q4 25	48M	-0.0%	-1.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 15	$55.8K	1K
Q1 16	$52.3K	1K
Q2 16	$62.1K	1K
Q4 17	$86.8K	1K
Q4 24	$178.5K	1K
Q4 25	$178.4K	1K

Revenue / Employee