Logo

ASR

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

ASR

Grupo Aeroportuario del Sureste, S. A. B. de C. V. • NYSE
$301.95 ▲ 0.33% (+0.98)
Market Cap $9.06 B
52w High $360.00
52w Low $249.21
Dividend Yield 39.25%
P/E 12.27
Volume 40.15K
Outstanding Shares 30.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $8.765B ▲ $1.741B ▲ $2.111B ▼ 24.087% ▼ $70.4 ▼ $4.162B ▲
Q2-2025 $8.715B ▼ $1.5B ▼ $2.145B ▼ 24.609% ▼ $71.5 ▼ $3.922B ▼
Q1-2025 $8.787B ▼ $3.529B ▲ $3.516B ▲ 40.009% ▲ $117.2 ▲ $5.723B ▼
Q4-2024 $9.021B ▲ $705.553M ▼ $3.415B ▲ 37.853% ▼ $113.8 ▲ $8.791B ▲
Q3-2024 $7.483B $796.384M $3.381B 45.183% $112.7 $4.699B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $886.911M ▼ $4.204B ▼ $1.796B ▼ $2.016B ▼
Q2-2025 $19.816B ▼ $80.498B ▼ $38.27B ▲ $35.024B ▼
Q1-2025 $22.681B ▲ $86.726B ▲ $21.509B ▼ $57.77B ▲
Q4-2024 $20.083B ▲ $83.637B ▲ $22.024B ▲ $54.213B ▲
Q3-2024 $18.484B $78.43B $20.534B $50.293B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $113.514M ▼ $230.28M ▼ $-105.721M ▼ $-247.183M ▲ $-161.992M ▲ $331.417M ▼
Q2-2025 $2.145B ▼ $2.662B ▼ $386.668M ▲ $-5.635B ▼ $-2.865B ▼ $1.271B ▼
Q1-2025 $3.516B ▲ $3.335B ▼ $-144.562M ▲ $-507.769M ▲ $2.598B ▲ $3.335B ▲
Q4-2024 $3.415B ▼ $4.459B ▲ $-2.341B ▼ $-1.032B ▼ $1.6B ▼ $1.927B ▼
Q3-2024 $5.003B $3.795B $-822.294M $-512.245M $3.487B $2.753B

Five-Year Company Overview

Income Statement

Income Statement ASR’s income statement shows a business that has grown strongly and become more profitable over the past five years. Revenue has climbed steadily from the pandemic trough and is now well above pre‑pandemic levels, reflecting a strong rebound in passenger traffic, especially leisure travel. Profits have grown even faster than sales, which suggests good cost control and solid pricing power in fees and commercial activities. Operating and EBITDA margins look robust and have generally improved, indicating efficient operations. Net income and earnings per share have increased several times over since 2020, which signals a structurally stronger business, not just a temporary recovery. The main risk is that results remain closely tied to travel demand, tourism flows, and economic conditions in Mexico and the broader region.

Balance Sheet

Balance Sheet ASR’s balance sheet appears conservative and strengthening. Total assets have grown steadily, driven in part by higher cash balances and ongoing investment in airport infrastructure. Cash has risen meaningfully over time, giving the company a comfortable liquidity cushion. Debt levels have stayed relatively stable and manageable, while shareholders’ equity has increased year after year. This combination points to moderate leverage and a solid capital base. The company does not seem stretched financially, which provides resilience against traffic downturns, currency swings, or regulatory changes. The long‑duration nature of airport concessions means assets are somewhat specialized, but the capital structure looks well‑matched to a long‑term infrastructure business.

Cash Flow

Cash Flow Cash flow generation is a clear strength. Operating cash flow has grown consistently, tracking the rise in earnings and confirming that profits are backed by real cash, not accounting adjustments. After funding capital expenditures, free cash flow has been solidly positive in recent years, a sharp turnaround from the early pandemic period. Capital spending has remained meaningful but disciplined, suggesting ASR is investing to expand and modernize its airports without overextending itself. Healthy and recurring free cash flow gives the company flexibility to fund future expansion, maintain infrastructure, and absorb shocks in passenger volumes. The key watchpoint is that higher growth ambitions could require larger investments, which would need to be balanced against maintaining this strong cash profile.

Competitive Edge

Competitive Edge ASR holds a strong competitive position built around long‑term government concessions to operate airports in some of Mexico’s most important tourist destinations, especially Cancún. These concessions create high barriers to entry: rivals cannot easily build new competing airports or obtain similar licenses. The focus on tourism‑heavy locations provides steady and often growing passenger flows, which support resilient aeronautical revenues. ASR has also done well at growing non‑aeronautical income—retail, food and beverage, parking, and services—enhancing profitability and reducing dependence on airline fees alone. Expansion into Colombia and Puerto Rico adds geographic diversification and positions ASR as a regional player rather than a purely domestic operator. Key risks include exposure to tourism cycles, airline capacity decisions, regulatory and concession risks in multiple countries, and the need to integrate new assets effectively.

Innovation and R&D

Innovation and R&D ASR stands out in its industry for actively using technology and sustainability initiatives to reinforce its moat. At Cancún, it has implemented advanced passenger management systems, self‑service kiosks, and automated border control using biometrics, all aimed at speeding up passenger processing and improving the travel experience. The eco‑friendly automated baggage handling system reduces both energy use and emissions, reflecting a clear focus on operational efficiency and environmental impact. The company is also pursuing energy‑efficient infrastructure and waste reduction, earning recognition under international carbon accreditation programs. Looking ahead, there is room to extend these technologies and sustainability practices across its broader airport network, and to adopt more data analytics and automation for maintenance, capacity planning, and personalized services. Success here could further lower costs, differentiate ASR’s airports, and deepen relationships with airlines, travelers, and regulators.

Summary

Overall, ASR looks like a mature infrastructure operator that has emerged from the pandemic structurally stronger. Revenue and profits have grown well beyond pre‑crisis levels, supported by high‑margin operations, disciplined costs, and expanding commercial activities within its airports. The balance sheet is liquid and moderately leveraged, while cash flows are strong enough to fund both maintenance and growth. Its core advantage lies in long‑term concessions for high‑traffic tourist airports and a deliberate strategy to boost non‑aeronautical income and expand across Latin America. Innovation and sustainability efforts at flagship locations reinforce both efficiency and brand. At the same time, the business remains sensitive to tourism trends, regulatory frameworks, and successful execution of its expansion and technology rollout. For observers, ASR represents a combination of stable infrastructure characteristics with exposure to the growth—and volatility—of international leisure travel.

NEWS

November 18, 2025 · 5:42 PM UTC

ASUR SIGNS DEAL TO ACQUIRE MOTIVA'S STAKE IN AIRPORT BUSINESS IN BRAZIL, ECUADOR, COSTA RICA AND CURAÇAO

Read more

November 6, 2025 · 4:30 PM UTC

ASUR Announces Total Passenger Traffic for October 2025

Read more

November 5, 2025 · 12:00 PM UTC

ASUR Announces at the request of the Mexican Stock Exchange ("BMV")

Read more

October 22, 2025 · 4:30 PM UTC

ASUR ANNOUNCES 3Q25 RESULTS

Read more

October 6, 2025 · 4:30 PM UTC

ASUR Announces Total Passenger Traffic for September 2025

Read more