PAC

MKT CAP:$13B

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

Market Cap

$13B

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

Industrials·Airlines,·🇲🇽·NYSE

Stock Price

$262.05+$0.15 (+0.06%)

Apr 23, 2026

Company Details

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. It operates 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Josédel C...

CEO

Raul Revuelta Musalem

IPO Date

Feb 27, 2006

Website

www.aeropuertosgap.com.mx

Key Metrics TTM

Revenue

$1.9B

-6.3% YoY

Net Income

$622M

EPS (Diluted)

$12.31

Free Cash Flow

$512M

Revenue / Share

$37.37

Gross Margin

33.3%

Operating Margin

54.6%

Net Margin

32.9%

FCF Margin

27.1%

P/S

7.1x

P/E

21.7x

Earnings Reports

Q1 2026

Apr 20, 2026

NEW

$654M+2.8%EPS $3.77

FY 2025

Apr 17, 2026

NEW

$1.9BEPS $11.38

Q4 2025

Apr 17, 2026

NEW

$58MEPS $2.44

Q3 2025

Oct 20, 2025

$551M+16.3%EPS $3.07

Q2 2025

Jul 22, 2025

$626M+49.9%EPS $3.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 19	$212M	$126M	$120M
Q1 20	$286M	$143M	$135M
Q2 20	$85M	-$21M	-$21M
Q1 21	$209M	$77M	$72M
Q2 21	$282M	$139M	$131M
Q3 21	$304M	$157M	$148M
Q2 22	$380M	$213M	$202M
Q2 23	$481M	$241M	$227M
Q1 24	$488M	$283M	$229M
Q2 24	$417M	$252M	$202M
Q3 24	$473M	$259M	$214M
Q1 25	$636M	$344M	$270M
Q2 25	$626M	$331M	$263M
Q3 25	$551M	$307M	$239M
Q4 25	$58M	-$371M	$239M
Q1 26	$654M	$362M	$290M

Valuation

Quarter	P/S	P/E
Q1 19	7.4x	23.3x
Q1 20	3.4x	10.1x
Q2 20	4.8x	17.1x
Q1 21	6.7x	25.4x
Q2 21	6.5x	26.3x
Q3 21	6.8x	28.6x
Q2 22	6.3x	19.6x
Q2 23	6.5x	20.4x
Q1 24	4.9x	15.6x
Q2 24	4.5x	14.3x
Q3 24	4.7x	16.6x
Q1 25	4.7x	17.0x
Q2 25	5.4x	20.7x
Q3 25	5.4x	21.0x
Q4 25	7.2x	22.7x
Q1 26	6.5x	19.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 19	$130M	$105M
Q1 20	$205M	$169M
Q2 20	-$54M	-$89M
Q1 21	$104M	$56M
Q2 21	$145M	$97M
Q3 21	$186M	$121M
Q2 22	$188M	$74M
Q2 23	$145M	-$14M
Q1 24	$261M	$180M
Q2 24	$223M	$125M
Q3 24	$209M	$81M
Q1 25	$257M	$159M
Q2 25	$252M	$213M
Q3 25	$245M	$3M
Q4 25	$295M	-$38M
Q1 26	$435M	$334M

Capital Expenditures

Quarter	CapEx
Q1 19	$26M
Q1 20	$37M
Q2 20	$35M
Q1 21	$48M
Q2 21	$49M
Q3 21	$64M
Q2 22	$114M
Q2 23	$159M
Q1 24	$81M
Q2 24	$98M
Q3 24	$129M
Q1 25	$98M
Q2 25	$39M
Q3 25	$243M
Q4 25	$333M
Q1 26	$101M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 19	+71.9%	+43.3%
Q1 20	+130.1%	+167.7%
Q2 20	-45.5%	+23.0%
Q1 21	+5.7%	+41.5%
Q2 21	+33.1%	+63.0%
Q3 21	+6.5%	+3.3%
Q2 22	+345.1%	+66.8%
Q2 23	+129.8%	+84.8%
Q1 24	+73.5%	+72.8%
Q2 24	+37.1%	+38.2%
Q3 24	+24.5%	+46.0%
Q1 25	+32.2%	+44.4%
Q2 25	+28.1%	+39.8%
Q3 25	+31.9%	+44.8%
Q4 25	-87.7%	-169.7%
Q1 26	+2.8%	-0.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q2 22	$0	0.0%
Q2 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 23	—	$253M
Q1 24	$259M	—
Q2 24	$216M	—
Q3 24	$260M	—
Q1 25	$367M	—
Q2 25	$363M	—
Q4 25	$1.0B	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$776M	$0	$776M
Q3 22	$929M	$0	$929M
Q4 22	$711M	$0	$711M
Q1 23	$1.1B	$0	$1.1B
Q2 23	$858M	$0	$858M
Q3 23	$831M	$0	$831M
Q4 23	$578M	$0	$578M
Q1 24	$40M	$0	$40M
Q2 24	$40M	$0	$40M
Q3 24	$910M	$0	$910M
Q4 24	$774M	$9.5K	$774M
Q1 25	$933M	$0	$933M
Q2 25	$558M	$0	$558M
Q3 25	$37M	$0	$37M
Q4 25	$601M	$0	$601M
Q1 26	$1.3B	$0	$1.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 19	53M	0.0%	-6.3%
Q1 20	53M	0.0%	0.0%
Q2 20	53M	0.0%	-6.3%
Q1 21	52M	-0.4%	-0.4%
Q2 21	52M	-1.2%	-1.7%
Q3 21	51M	-0.4%	-2.1%
Q2 22	51M	-1.2%	-3.2%
Q2 23	51M	-0.6%	-3.4%
Q1 24	58M	+14.2%	+11.6%
Q2 24	51M	-12.4%	-1.8%
Q3 24	51M	0.0%	-0.6%
Q1 25	51M	-0.0%	-0.0%
Q2 25	51M	0.0%	-12.4%
Q3 25	51M	0.0%	-0.0%
Q4 25	51M	0.0%	-0.0%
Q1 26	51M	0.0%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 19	$180.5K	1K
Q1 20	$229.9K	1K
Q2 20	$68.7K	1K
Q1 21	$149.2K	1K
Q2 21	$200.8K	1K
Q3 21	$217.1K	1K
Q2 22	$256.8K	1K
Q2 23	$236.0K	2K
Q1 24	$208.8K	2K
Q2 24	$178.5K	2K
Q3 24	$202.4K	2K
Q1 25	$271.8K	2K
Q2 25	$267.5K	2K
Q3 25	$235.4K	2K
Q4 25	$24.9K	2K
Q1 26	$279.5K	2K

Revenue / Employee