Grupo Financiero Banorte. de Past Earnings Performance
Past criteria checks 2/6
Grupo Financiero Banorte. de has been growing earnings at an average annual rate of 12%, while the Banks industry saw earnings growing at 22.7% annually. Revenues have been growing at an average rate of 9% per year. Grupo Financiero Banorte. de's return on equity is 22%, and it has net margins of 43.9%.
Key information
12.0%
Earnings growth rate
12.0%
EPS growth rate
| Banks Industry Growth | 10.4% |
| Revenue growth rate | 9.0% |
| Return on equity | 22.0% |
| Net Margin | 43.9% |
| Next Earnings Update | 28 Jan 2025 |
Revenue & Expenses Breakdown
How Grupo Financiero Banorte. de makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 126,557 | 55,508 | 52,977 | 0 |
| 30 Jun 24 | 123,757 | 54,538 | 51,484 | 0 |
| 31 Mar 24 | 121,753 | 53,608 | 50,024 | 0 |
| 31 Dec 23 | 118,143 | 52,418 | 48,582 | 0 |
| 30 Sep 23 | 114,120 | 50,966 | 46,158 | 0 |
| 30 Jun 23 | 111,618 | 49,242 | 45,722 | 0 |
| 31 Mar 23 | 108,613 | 47,678 | 45,197 | 0 |
| 31 Dec 22 | 105,794 | 45,408 | 44,772 | 0 |
| 30 Sep 22 | 102,410 | 42,877 | 45,770 | 0 |
| 30 Jun 22 | 98,112 | 40,207 | 45,684 | 0 |
| 31 Mar 22 | 93,715 | 37,252 | 45,780 | 0 |
| 31 Dec 21 | 89,762 | 35,048 | 45,940 | 0 |
| 30 Sep 21 | 84,774 | 31,953 | 44,364 | 0 |
| 30 Jun 21 | 84,655 | 31,984 | 43,974 | 0 |
| 31 Mar 21 | 81,172 | 29,934 | 43,430 | 0 |
| 31 Dec 20 | 81,956 | 30,508 | 43,013 | 0 |
| 30 Sep 20 | 85,326 | 33,552 | 46,079 | 0 |
| 30 Jun 20 | 85,183 | 33,504 | 44,726 | 0 |
| 31 Mar 20 | 88,056 | 35,715 | 41,140 | 0 |
| 31 Dec 19 | 88,794 | 36,528 | 40,678 | 0 |
| 30 Sep 19 | 89,994 | 37,700 | 36,003 | 0 |
| 30 Jun 19 | 87,576 | 36,658 | 36,194 | 0 |
| 31 Mar 19 | 85,463 | 35,121 | 38,462 | 0 |
| 31 Dec 18 | 80,274 | 31,958 | 37,609 | 0 |
| 30 Sep 18 | 73,861 | 28,257 | 39,875 | 0 |
| 30 Jun 18 | 70,684 | 26,652 | 37,509 | 0 |
| 31 Mar 18 | 67,561 | 25,134 | 35,779 | 0 |
| 31 Dec 17 | 66,005 | 23,819 | 34,061 | 0 |
| 30 Sep 17 | 63,823 | 22,514 | 32,797 | 0 |
| 30 Jun 17 | 61,745 | 21,235 | 32,758 | 0 |
| 31 Mar 17 | 59,265 | 20,115 | 31,910 | 0 |
| 31 Dec 16 | 56,208 | 19,065 | 31,243 | 0 |
| 30 Sep 16 | 54,567 | 18,597 | 29,999 | 0 |
| 30 Jun 16 | 53,015 | 17,949 | 29,380 | 0 |
| 31 Mar 16 | 52,354 | 17,398 | 29,643 | 0 |
| 31 Dec 15 | 51,499 | 16,875 | 29,594 | 0 |
| 30 Sep 15 | 51,707 | 15,986 | 30,958 | 0 |
| 30 Jun 15 | 50,859 | 15,744 | 30,572 | 0 |
| 31 Mar 15 | 50,042 | 15,480 | 30,030 | 0 |
| 31 Dec 14 | 49,133 | 15,228 | 29,232 | 0 |
| 30 Sep 14 | 47,267 | 15,031 | 24,250 | 0 |
| 30 Jun 14 | 46,211 | 14,515 | 23,939 | 0 |
| 31 Mar 14 | 44,534 | 13,996 | 23,629 | 0 |
| 31 Dec 13 | 44,522 | 13,508 | 24,261 | 0 |
Quality Earnings: GFNORTE O has high quality earnings.
Growing Profit Margin: GFNORTE O's current net profit margins (43.9%) are lower than last year (44.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GFNORTE O's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: GFNORTE O's earnings growth over the past year (8.9%) is below its 5-year average (12% per year).
Earnings vs Industry: GFNORTE O earnings growth over the past year (8.9%) did not outperform the Banks industry 15.3%.
Return on Equity
High ROE: Whilst GFNORTE O's Return on Equity (22.02%) is high, this metric is skewed due to their high level of debt.