BWMX
BWMX
Betterware de México, S.A.P.I. de C.V.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $3.51B ▼ | $1.81B ▼ | $281.34M ▲ | 8.02% ▲ | $7.54 ▲ | $609.47M ▼ |
| Q4-2025 | $3.8B ▲ | $1.85B ▲ | $267.85M ▼ | 7.04% ▼ | $6.7 ▼ | $722.37M ▼ |
| Q3-2025 | $3.38B ▼ | $1.69B ▼ | $314.2M ▼ | 9.3% ▲ | $8.42 ▼ | $728.66M ▼ |
| Q2-2025 | $3.56B ▲ | $1.81B ▼ | $327.31M ▲ | 9.19% ▲ | $8.77 ▲ | $775.59M ▲ |
| Q1-2025 | $3.5B | $1.88B | $151.39M | 4.33% | $4.06 | $527.11M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $308.98M ▲ | $9.69B ▲ | $8.22B ▲ | $1.47B ▲ |
| Q4-2025 | $17.35M ▼ | $534.18M ▼ | $459.49M ▼ | $74.79M ▼ |
| Q3-2025 | $333.52M ▼ | $10.1B ▼ | $8.81B ▼ | $1.3B ▲ |
| Q2-2025 | $391.78M ▲ | $10.38B ▼ | $9.21B ▼ | $1.18B ▲ |
| Q1-2025 | $344.07M | $10.65B | $9.6B | $1.05B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $286.48M ▲ | $253.31M ▲ | $-16.88M ▼ | $-253.32M ▼ | $-1.22M ▼ | $235.75M ▲ |
| Q4-2025 | $13.65M ▼ | $61.76M ▼ | $-2.91M ▲ | $-60M ▲ | $-844.62K ▲ | $58.83M ▼ |
| Q3-2025 | $313.63M ▼ | $570.62M ▼ | $-11.58M ▲ | $-617.31M ▼ | $-58.26M ▼ | $551.76M ▲ |
| Q2-2025 | $477.4M ▲ | $574.8M ▲ | $-14.52M ▼ | $-465.06M ▼ | $95.23M ▲ | $531.9M ▲ |
| Q1-2025 | $150.73M | $-42.9M | $3.13M | $87.28M | $47.52M | $-56.47M |
Q1 2026 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Betterware de México, S.A.P.I. de C.V.'s financial evolution and strategic trajectory over the past five years.
The company combines strong current profitability and cash generation with a powerful, hard-to-replicate distribution network and a well-known brand in its core market. Its asset-light model keeps capital needs moderate, allowing a large share of cash from operations to flow through as free cash that can be used for dividends, debt reduction, and selective growth investments. Continuous product refresh, data-driven decisions, and digital tools for its distributors further enhance its commercial effectiveness and support its competitive position.
The most notable risks stem from a highly leveraged balance sheet and relatively tight short-term liquidity, which make the company more sensitive to downturns, interest-rate conditions, and refinancing environments. A large portion of assets is tied to goodwill and intangibles from acquisitions, adding exposure to integration and execution risk. Operationally, the company faces intense competition from e-commerce, other direct sellers, and traditional retailers, alongside macroeconomic and currency risks across its markets and potential regulatory changes affecting direct-selling models.
Looking forward, Betterware de México appears well placed to grow if it can continue generating strong cash flows, gradually reduce leverage, and successfully integrate its acquired brands while expanding internationally. Its direct-selling expertise, digital initiatives, and product innovation engine offer clear opportunities, but the path is not risk-free given financial leverage, competitive pressures, and execution demands. With only one year of detailed financial data available in this snapshot, any long-term outlook carries uncertainty and should be supplemented with ongoing monitoring of revenue growth, leverage reduction, and the performance of new ventures and acquisitions.
About Betterware de México, S.A.P.I. de C.V.
https://www.betterware.com.mxBetterware de México, S.A.P.I. de C.V. operates as a direct-to-consumer company in Mexico. It focuses on the home organization segment with a product portfolio, including home solutions, kitchen and food preservation, technology and mobility, bedroom, bathroom, laundry and cleaning, and other categories. The company sells its products through twelve catalogues.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $3.51B ▼ | $1.81B ▼ | $281.34M ▲ | 8.02% ▲ | $7.54 ▲ | $609.47M ▼ |
| Q4-2025 | $3.8B ▲ | $1.85B ▲ | $267.85M ▼ | 7.04% ▼ | $6.7 ▼ | $722.37M ▼ |
| Q3-2025 | $3.38B ▼ | $1.69B ▼ | $314.2M ▼ | 9.3% ▲ | $8.42 ▼ | $728.66M ▼ |
| Q2-2025 | $3.56B ▲ | $1.81B ▼ | $327.31M ▲ | 9.19% ▲ | $8.77 ▲ | $775.59M ▲ |
| Q1-2025 | $3.5B | $1.88B | $151.39M | 4.33% | $4.06 | $527.11M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $308.98M ▲ | $9.69B ▲ | $8.22B ▲ | $1.47B ▲ |
| Q4-2025 | $17.35M ▼ | $534.18M ▼ | $459.49M ▼ | $74.79M ▼ |
| Q3-2025 | $333.52M ▼ | $10.1B ▼ | $8.81B ▼ | $1.3B ▲ |
| Q2-2025 | $391.78M ▲ | $10.38B ▼ | $9.21B ▼ | $1.18B ▲ |
| Q1-2025 | $344.07M | $10.65B | $9.6B | $1.05B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $286.48M ▲ | $253.31M ▲ | $-16.88M ▼ | $-253.32M ▼ | $-1.22M ▼ | $235.75M ▲ |
| Q4-2025 | $13.65M ▼ | $61.76M ▼ | $-2.91M ▲ | $-60M ▲ | $-844.62K ▲ | $58.83M ▼ |
| Q3-2025 | $313.63M ▼ | $570.62M ▼ | $-11.58M ▲ | $-617.31M ▼ | $-58.26M ▼ | $551.76M ▲ |
| Q2-2025 | $477.4M ▲ | $574.8M ▲ | $-14.52M ▼ | $-465.06M ▼ | $95.23M ▲ | $531.9M ▲ |
| Q1-2025 | $150.73M | $-42.9M | $3.13M | $87.28M | $47.52M | $-56.47M |
Q1 2026 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Betterware de México, S.A.P.I. de C.V.'s financial evolution and strategic trajectory over the past five years.
The company combines strong current profitability and cash generation with a powerful, hard-to-replicate distribution network and a well-known brand in its core market. Its asset-light model keeps capital needs moderate, allowing a large share of cash from operations to flow through as free cash that can be used for dividends, debt reduction, and selective growth investments. Continuous product refresh, data-driven decisions, and digital tools for its distributors further enhance its commercial effectiveness and support its competitive position.
The most notable risks stem from a highly leveraged balance sheet and relatively tight short-term liquidity, which make the company more sensitive to downturns, interest-rate conditions, and refinancing environments. A large portion of assets is tied to goodwill and intangibles from acquisitions, adding exposure to integration and execution risk. Operationally, the company faces intense competition from e-commerce, other direct sellers, and traditional retailers, alongside macroeconomic and currency risks across its markets and potential regulatory changes affecting direct-selling models.
Looking forward, Betterware de México appears well placed to grow if it can continue generating strong cash flows, gradually reduce leverage, and successfully integrate its acquired brands while expanding internationally. Its direct-selling expertise, digital initiatives, and product innovation engine offer clear opportunities, but the path is not risk-free given financial leverage, competitive pressures, and execution demands. With only one year of detailed financial data available in this snapshot, any long-term outlook carries uncertainty and should be supplemented with ongoing monitoring of revenue growth, leverage reduction, and the performance of new ventures and acquisitions.

CEO
Andres Campos Chevallier
Compensation Summary
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Upcoming Earnings
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Rating : A-
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MMBG INVESTMENT ADVISORS CO.
Shares:4.1M
Value:$71.01M
ACADIAN ASSET MANAGEMENT LLC
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MORGAN STANLEY
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