VTMX (Corporación Inmobiliaria Vesta, S.A.B. de C.V.) Stock Financials & Earnings | Market Cap Arena

VTMX (Corporación Inmobiliaria Vesta, S.A.B. de C.V.) Stock Financials & Earnings | Market Cap Arena

VTMXCorporación Inmobiliaria Vesta, S.A.B. de C.V.

Mkt Cap$3B

Real Estate·Real Estate - Development·🇲🇽 Mexico·NYSE

Revenue (TTM)$288M

Net Income (TTM)$242M

EPS (TTM)$2.79

Free Cash Flow (TTM)$161M

Gross Margin93.5%

Op. Margin81.4%

Net Margin84.1%

FCF Margin56.0%

P/S Ratio (TTM)9.9x

P/E Ratio (TTM)11.8x

YoY Rev Growth+14.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$50M	$47M	$55M
Q2 23	$51M	$48M	$42M
Q3 23	$56M	$56M	$45M
Q4 23	$56M	$56M	-$125M
Q1 24	$61M	$56M	$52M
Q2 24	$62M	$63M	$42M
Q3 24	$63M	$56M	$50M
Q4 24	$65M	$65M	-$144M
Q1 25	$67M	$67M	$59M
Q2 25	$67M	$67M	$59M
Q3 25	$74M	$64M	$57M
Q4 25	$80M	$70M	$60M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	15.3x	11.4x
Q2 23	14.6x	9.8x
Q3 23	13.8x	9.3x
Q4 23	13.3x	8.3x
Q1 24	12.7x	6.9x
Q2 24	12.1x	6.7x
Q3 24	11.8x	7.1x
Q4 24	11.4x	12.8x
Q1 25	11.1x	25.3x
Q2 25	10.9x	92.2x
Q3 25	10.4x	591.1x
Q4 25	9.9x	11.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$32M	$32M
Q2 23	$21M	$21M
Q3 23	$71M	$72M
Q4 23	-$537K	$197M
Q1 24	$47K	$37K
Q2 24	$38M	$38M
Q3 24	$42M	$42M
Q4 24	$36M	$35M
Q1 25	$19M	$18M
Q2 25	$50M	$50M
Q3 25	$50M	$50M
Q4 25	$43M	$43M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$86K
Q2 23	$110K
Q3 23	$86K
Q4 23	$197M
Q1 24	$10K
Q2 24	$0
Q3 24	$10K
Q4 24	$585K
Q1 25	$733K
Q2 25	$257K
Q3 25	$14
Q4 25	$365K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+19.5%	+84.8%
Q2 23	+19.4%	+126.0%
Q3 23	+23.9%	+120.8%
Q4 23	+18.8%	+555.1%
Q1 24	+20.7%	+292.6%
Q2 24	+21.1%	+111.5%
Q3 24	+10.9%	+6.5%
Q4 24	+15.4%	+15.1%
Q1 25	+10.7%	-4.0%
Q2 25	+7.9%	-57.5%
Q3 25	+17.9%	+41.0%
Q4 25	+22.6%	-90.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	5.6%
Q2 23	$2M	3.3%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$2M	3.5%
Q2 24	$3M	4.3%
Q3 24	$2M	3.5%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$759K	$131K
Q2 23	$6M	$157K
Q3 23	$7M	$277K
Q4 23	$8M	$383K
Q1 24	$8M	$138K
Q2 24	$9M	$378K
Q3 24	$7M	—
Q4 24	$9M	$249K
Q1 25	$8M	$124K
Q2 25	$8M	$260K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$98M	$0	$98M
Q2 23	$51M	$0	$51M
Q3 23	$408M	$0	$408M
Q4 23	$501M	$0	$501M
Q1 24	$445M	$0	$445M
Q2 24	$377M	$0	$377M
Q3 24	$281M	$0	$281M
Q4 24	$184M	$0	$184M
Q1 25	$49M	$0	$49M
Q2 25	$65M	$0	$65M
Q3 25	$587M	$0	$587M
Q4 25	$337M	$0	$337M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	69M	+0.5%
Q2 23	70M	+0.1%
Q3 23	83M	+19.9%
Q4 23	87M	+4.4%
Q1 24	88M	+1.7%
Q2 24	89M	+0.2%
Q3 24	87M	-2.0%
Q4 24	88M	+0.8%
Q1 25	87M	-0.9%
Q2 25	86M	-1.1%
Q3 25	85M	-1.4%
Q4 25	86M	+1.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	$2M	95
FY 24	$2M	107
FY 25	$3M	107