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Alsea is Latin America's largest multi-brand restaurant operator, running about 4,801 locations across 12 countries under brands including Starbucks, Domino's Pizza, Burger King, Chili's, The Cheesecake Factory and owned concepts like Vips. Mexico is its largest market, with operations also spanning Europe and South America.
Operator of 14 airports under long-term concessions: 12 in the Mexican Pacific corridor (Guadalajara, Tijuana, Los Cabos, Puerto Vallarta) and 2 in Jamaica (Montego Bay, Kingston), plus the wholly owned Cross Border Xpress pedestrian bridge to San Diego. It carried about 63.7 million passengers in FY2025, up 2.5% year over year.
Latin America's largest microfinance institution, lending to Mexico's base-of-pyramid population through Banco Compartamos since its 1990 origin, with a consolidated loan book of MXN 94.7 billion at 2Q26 and roughly 70% of Mexico's group-lending segment. It serves 4.68 million active credit clients across Mexico and Peru, where Compartamos Banco became a full bank in January 2025, and earned a 24.5% controlling return on equity in the second quarter.
The world's largest tortilla producer and the largest producer of nixtamalized corn flour in Mexico, operating 77 plants and selling in 113 countries under the Mission, Guerrero, and Maseca brands. FY2025 net sales were USD 6.37 billion, with about 83% of EBITDA generated outside Mexico, led by Gruma USA.
The largest retailer in Mexico and Central America, 70.6% owned by Walmart Inc. through Intersalt, running 4,305 stores across six countries at 30 June 2026 with 234,901 employees under the Bodega Aurrera, Walmart Supercenter, Sam's Club and Walmart Express formats. Last-twelve-month revenue is around MXN 1.0 trillion, Mexico produced 83.4% of 2Q26 revenue and 85.1% of EBITDA, and the balance sheet carries MXN 30.1bn of cash and no financial debt.
Operator of Mexico's principal securities exchange, founded in 1894 and self-listed in 2008, together with the country's only derivatives exchange, the equities and derivatives clearinghouses, the central securities depository (Indeval) and the group's market-data and pricing businesses. Cash-equities trading, the only leg BIVA contests, is about 7% of revenue; roughly 80% comes from monopoly post-trade and data rails, and Indeval holds about MXN 47.9trn of assets in custody.
Mexico's largest ultra-low-cost carrier, holding roughly 34% of the domestic market on its own and about 73.5% together with merger counterparty VivaAerobus. It operates 155 Airbus A320-family aircraft across 244 routes and 75 airports through three air-operator certificates, serving Mexico, the United States and Central America at a full-fleet cost per available seat mile of 8.04 cents, among the lowest of any listed airline.
Mexico's only listed toll-road pure-play, holding 23 concession titles across 30 toll roads and roughly 1,172 km of network in more than a dozen states, with an average remaining concession life of about 31 years and tariffs indexed to INPC. The July 2025 sale of the Altamira port left the group structurally net cash; a construction arm that builds PINFRA's own roads and six asphalt plants account for the rest of revenue.
Independent aluminum automotive-components caster operating 53 production facilities across 15 countries after the February 2026 acquisition of GF Casting Solutions, supplying Ford, GM, Stellantis and Volkswagen among more than 70 OEM customers. Reports in US dollars; the shares trade in Mexican pesos on the BMV.
Operator of 13 international airports across nine states of central and northern Mexico under federal concessions that run to 2048, anchored by the Monterrey hub. FY2025 terminal traffic was 28.75 million passengers, up 8.5% and group-leading among Mexico's three listed airport operators. VINCI Airports holds a 29.99% strategic stake and appoints the management team.
Operator of 36 airport concessions across seven countries after the September 2026 close of the Motiva/CPC acquisition: 9 airports in southeastern Mexico anchored by Cancun, 6 in Colombia, 1 in Puerto Rico, and 20 across Brazil, Ecuador, Costa Rica and Curacao, plus a US commercial-retail unit at LAX, Chicago O'Hare and JFK. Combined network scale has passed 116 million passengers, and Cancun alone still drives the legacy business at 56.5% of consolidated ex-construction revenue.
The largest and most diversified Mexican FIBRA, with industrial, retail, and office properties across the country. Our first FIBRA report, built on a NAV framework: property values, cap rates against the MBono, distributions, leverage, and governance.
Pan-regional wireless and fixed-line operator controlled by the Slim family, with the leading mobile share in Mexico and operations across Latin America and Europe. NYSE: AMX.
Operator of the OXXO convenience-store network and controlling shareholder of Coca-Cola FEMSA, with health and fuel retail formats across Mexico and South America. NYSE: FMX.
Largest Mexican-owned financial group, spanning banking, insurance, pensions, and brokerage. The core financial holding in any Mexico allocation.
Copper miner with adjacent rail and infrastructure businesses, among the largest companies on the BMV and one of the lowest-cost copper producers in the world.
Global cement, ready-mix, and aggregates producer with operations across the Americas and Europe, and a balance-sheet story that has driven the equity for a decade. NYSE: CX.
The largest baked-goods company in the world by revenue, with operations across the Americas, Europe, and Asia and a long record of acquisition-led growth.