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AMX

América Móvil, S.A.B. de C.V.

AMX

América Móvil, S.A.B. de C.V. • NYSE
$23.09 ▲ 0.85% (+0.20)
Market Cap $69.45 B
52w High $23.68
52w Low $13.10
Dividend Yield 0.56%
P/E 18.93
Volume 1.15M
Outstanding Shares 3.01B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $232.919B ▼ $51.79B ▼ $22.7B ▲ 9.746% ▲ $7.6 ▲ $100.976B ▲
Q2-2025 $233.785B ▲ $53.297B ▼ $22.282B ▲ 9.531% ▲ $7.4 ▲ $92.409B ▲
Q1-2025 $232.038B ▼ $53.469B ▲ $18.703B ▲ 8.06% ▲ $6.2 ▲ $91.048B ▲
Q4-2024 $246.126B ▲ $52.834B ▲ $9.848B ▲ 4.001% ▲ $3.23 ▲ $79.234B ▼
Q3-2024 $223.458B $49.301B $6.427B 2.876% $2 $89.422B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $99.678B ▲ $1.793T ▼ $1.338T ▼ $389.822B ▲
Q2-2025 $99.639B ▲ $1.815T ▼ $1.37T ▼ $378.844B ▲
Q1-2025 $97.981B ▲ $1.866T ▲ $1.421T ▲ $378.724B ▲
Q4-2024 $83.354B ▼ $1.794T ▲ $1.362T ▲ $369.085B ▼
Q3-2024 $89.489B $1.786T $1.309T $413.382B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $22.7B ▼ $75.462B ▼ $-26.319B ▲ $-44.161B ▲ $4.111B ▼ $46.926B ▼
Q2-2025 $43.336B ▲ $111.204B ▲ $-51.218B ▼ $-50.93B ▼ $8.993B ▲ $62.997B ▲
Q1-2025 $18.703B ▲ $39.865B ▼ $-23.636B ▲ $-18.348B ▲ $-1.372B ▼ $20.733B ▼
Q4-2024 $9.48B ▲ $81.269B ▲ $-36.424B ▼ $-33.552B ▲ $11.814B ▲ $49.361B ▲
Q3-2024 $6.427B $67.191B $-30.167B $-45.969B $-6.449B $34.314B

Five-Year Company Overview

Income Statement

Income Statement América Móvil shows a steady, mature telecom profile on the top line: revenue has inched up over the last few years and operating profit has held fairly stable, with healthy margins for the industry. Profit before interest and tax (and EBITDA) look consistent and resilient, which suggests the core business is solid. The weak spot is the bottom line: net income has swung sharply from very strong in earlier years to much lower more recently. That pattern often reflects currency moves, interest costs, or one‑off accounting items more than a deterioration in the underlying business. Still, it means reported earnings per share can be quite volatile from year to year, even while the operations look steady underneath.

Balance Sheet

Balance Sheet The balance sheet is sizable and has grown over time, reflecting a broad asset base of networks, spectrum, and infrastructure. Equity has gradually built up, which signals cumulative value creation, though it has not surged recently. Debt remains high and has ticked up again after a period of improvement. This is typical for large telecom operators that finance networks over long periods, but it does keep financial leverage elevated and makes the company more sensitive to interest rates and currency changes. Cash on hand is modest relative to total assets, so the company relies heavily on recurring cash flow and access to funding markets to stay comfortable.

Cash Flow

Cash Flow Cash generation from operations is a clear strength. The business consistently converts its revenue into solid operating cash flow, even in years when accounting earnings move around. Capital spending has been heavy, reflecting sustained investment in networks and technology, but there are signs it is easing after a peak investment phase. Despite this, free cash flow has stayed positive and has trended upward recently, which indicates better balance between investing for the future and keeping cash available for debt service and shareholder returns. Persistent positive free cash flow is an important support for a leveraged telecom like this.

Competitive Edge

Competitive Edge América Móvil holds a dominant position across many Latin American markets, with very strong brand recognition under names like Telcel and Claro. Its scale, large subscriber base, and broad service bundle (mobile, fixed, broadband, TV, and enterprise solutions) create meaningful customer stickiness and cost advantages. A key part of its moat is infrastructure: extensive fiber networks, data centers, submarine cables, and even satellites. This network depth is difficult and expensive for rivals to replicate, especially in diverse and sometimes challenging geographies. The company also benefits from converged offerings and cross‑selling, which help keep churn relatively low. Risks include regulatory pressure in some markets, pricing competition, and exposure to macro and currency volatility across the region.

Innovation and R&D

Innovation and R&D Innovation at América Móvil is driven more through large-scale network investment and partnerships than through traditional lab-style R&D. The company has been an early mover on 5G in its core markets and continues to upgrade both mobile and fixed networks, backed by a wide-reaching fiber footprint. Beyond connectivity, it is pushing into higher‑value digital services: cloud and data center offerings (often in partnership with global tech firms), enterprise IT and cybersecurity solutions, Internet of Things platforms, and smart‑city concepts. Fintech initiatives like Claro Pay, plus content and value‑added services under the Claro brand, further deepen customer engagement. The main question going forward is how effectively it can monetize these new services at scale, especially 5G and enterprise solutions, relative to the investment required.

Summary

Overall, América Móvil looks like a mature, entrenched telecom leader with stable core operations, strong recurring cash flow, and a very large infrastructure base across Latin America. Revenue and operating profitability are steady, while reported net income is more volatile, likely influenced by financial and non‑operating factors. The company’s advantages come from scale, infrastructure, and bundled services, but it carries substantial debt and operates in markets that can be politically and economically unpredictable. Heavy, ongoing investment in networks, 5G, and digital services is both a necessity and an opportunity: it underpins the moat but keeps capital needs high. The key things to watch are: how well it monetizes 5G and enterprise/cloud offerings, its ability to keep free cash flow strong while investing, and how it manages leverage and regulatory pressures over time.