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CX

CEMEX, S.A.B. de C.V.

CX

CEMEX, S.A.B. de C.V. • NYSE
$10.79 ▲ 2.03% (+0.21)
Market Cap $15.65 B
52w High $10.84
52w Low $4.89
Dividend Yield 0.09%
P/E 11.85
Volume 6.78M
Outstanding Shares 1.45B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.252B ▲ $817.696M ▼ $264.086M ▼ 6.211% ▼ $0.18 ▼ $807.104M ▲
Q2-2025 $4.126B ▲ $979.942M ▲ $318.018M ▼ 7.708% ▼ $0.22 ▼ $608.788M ▲
Q1-2025 $3.649B ▼ $887.166M ▲ $733.959M ▲ 20.113% ▲ $0.51 ▲ $347.472M ▼
Q4-2024 $3.811B ▼ $720.337M ▼ $48.309M ▼ 1.268% ▼ $0.03 ▼ $552.146M ▲
Q3-2024 $4.09B $941.589M $405.717M 9.921% $0.27 $392.569M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.198B ▲ $29.009B ▲ $15.091B ▼ $13.604B ▲
Q2-2025 $1.166B ▼ $28.802B ▲ $15.145B ▲ $13.361B ▲
Q1-2025 $1.179B ▲ $27.975B ▲ $14.743B ▼ $12.935B ▲
Q4-2024 $864M ▲ $27.299B ▼ $14.822B ▼ $12.176B ▲
Q3-2024 $422.281M $27.995B $15.582B $12.099B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $231.898M ▼ $761.088M ▲ $-358.188M ▼ $-326.504M ▼ $32.29M ▲ $493.328M ▲
Q2-2025 $333.387M ▲ $377.126M ▲ $-267.828M ▼ $-66.474M ▲ $-13.681M ▼ $133.519M ▲
Q1-2025 $115.469M ▲ $-130.37M ▼ $595.904M ▲ $-179.214M ▲ $315.154M ▼ $-325.063M ▼
Q4-2024 $48.5M ▼ $1.083B ▲ $372.238M ▲ $-992.403M ▼ $441.719M ▲ $700.285M ▲
Q3-2024 $209.822M $424.351M $-200.761M $-142.893M $-3.134M $167.678M

Five-Year Company Overview

Income Statement

Income Statement CEMEX’s income statement shows a business that has largely completed a turnaround from losses to consistent profitability, but with some bumps along the way. Sales have grown meaningfully over the last few years compared with the pandemic period, although they eased slightly in the most recent year, suggesting a tougher demand or pricing environment. Profitability has improved much more sharply than sales, with operating and net income moving from losses a few years ago to clearly positive territory. This points to better cost control, higher pricing power, or efficiency gains from digital and operational initiatives. That said, earnings have been somewhat uneven year to year, which is typical for a construction‑linked, energy‑intensive business. Results remain sensitive to input costs (like fuel and electricity), construction cycles, and currency swings. Overall, the trend is toward healthier margins and more resilient earnings than in the past, but the business is still cyclical and not yet “smooth” in its profit pattern.

Balance Sheet

Balance Sheet The balance sheet shows a slow but steady strengthening. Total assets have stayed fairly stable, while the company has been consistently paying down debt and building up equity. This indicates a clear effort to de‑risk the capital structure after a period of heavier leverage. Debt levels have come down meaningfully over five years, while shareholders’ equity has grown, which reduces financial strain and improves flexibility in downturns. Cash on hand is modest relative to total debt, which is typical for a heavy industrial company but means liquidity still needs careful management. Overall, CEMEX looks less stretched than in the past, with a sturdier balance sheet, but it is still a capital‑intensive, debt‑using business rather than a cash‑rich one.

Cash Flow

Cash Flow Cash flow is a relative bright spot. The company has generated solid and consistent operating cash flow over the last several years, even during more difficult profit periods. This suggests the underlying operations throw off reliable cash once working capital swings are managed. Free cash flow has been positive each year, which is important given ongoing investment needs. Recently, CEMEX has been stepping up its capital spending, likely to modernize plants, support growth, and fund decarbonization and digital projects. That higher investment has trimmed free cash flow somewhat versus the prior year, but not pushed it into negative territory. Overall, the cash flow profile looks healthier and more sustainable than in the past, though still sensitive to construction cycles and energy costs.

Competitive Edge

Competitive Edge CEMEX occupies a strong competitive position in global construction materials, built on scale, integration, and brand. It operates across many countries, which provides diversification and cost advantages, and runs an integrated model from raw aggregates through cement and ready‑mix, which supports efficiency and quality control. The company’s digital platform, CEMEX Go, adds a modern, service‑oriented layer on top of its physical footprint, improving customer convenience and deepening relationships. Its reputation and long history in many markets help maintain customer loyalty in what can otherwise be a commodity industry. However, the business still faces intense competition from other global and regional cement producers, as well as local players. Products are heavy and costly to transport, which creates regional rather than global competition and limits pricing power in some markets. The competitive edge increasingly depends on operational efficiency, logistics, and differentiated, sustainable products rather than just capacity. CEMEX’s diversified footprint helps, but it also exposes the company to economic and political volatility in multiple regions.

Innovation and R&D

Innovation and R&D Innovation and R&D are clear strategic priorities for CEMEX and a key way it tries to stand out in a commodity‑like sector. The company has invested in a global R&D center and has developed product lines such as Vertua, a family of lower‑carbon concretes, which directly address tightening environmental rules and customer sustainability goals. Digitalization is another major focus. The CEMEX Go platform and internal “Working Smarter” initiatives use data, software, and automation to make ordering, logistics, and back‑office processes faster and more efficient. This can improve customer experience and margins at the same time. Looking ahead, CEMEX is exploring carbon capture technologies, alternative fuels, and even solar‑powered kiln concepts, alongside venture investments in construction tech through CEMEX Ventures. These projects could create meaningful long‑term advantages if they scale successfully, but they also carry technological, regulatory, and execution risk, with benefits likely to emerge gradually rather than immediately.

Summary

Overall, CEMEX looks like a cyclical industrial company that has come through a difficult period and is now operating from a stronger footing. Profitability has improved, the balance sheet has been gradually de‑levered, and cash generation has been consistently positive, even as the firm invests more heavily in its plants and sustainability initiatives. Strategically, the company is trying to shift from being seen as a pure commodity producer to a solutions provider, using digital platforms and lower‑carbon products to differentiate itself. Its global scale and integrated model are meaningful strengths, but they coexist with structural challenges: high fixed costs, sensitivity to construction cycles, exposure to fuel and power prices, and competition in fragmented regional markets. The main themes are a healthier financial profile than five years ago, deliberate investment in innovation and decarbonization, and ongoing exposure to macroeconomic and regulatory swings. Future performance will depend heavily on how well CEMEX navigates construction demand cycles, manages input costs, and executes on its sustainability and digital transformation plans.

NEWS

November 18, 2025 · 11:15 AM UTC

Cemex US Appoints Will Price as Senior Vice President of Mergers & Acquisitions

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