KOF on NYSE

Coca-Cola FEMSA

Logo: Coca-Cola Femsa, Public domain, via Wikimedia Commons⁴

Mexican multinational beverage company

Coca-Cola FEMSA, S.A.B. de C.V., known as Coca-Cola FEMSA or KOF, is a Mexican multinational beverage company headquartered in Mexico City, Mexico. It is a subsidiary of FEMSA which owns 47.8% of its stock, with 27.8% held by wholly owned subsidiaries of The Coca-Cola Company and the remaining 25% listed publicly on the Mexican Stock Exchange (since 1993) and the New York Stock Exchange (since 1998).³ From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

1991Founded¹

Compare with another stock.

TickerKOF on NYSE¹
Industrybeverage industry¹
HeadquartersMexico¹
Websitewww.coca-colafemsa.com
Business addressMario Pani #100, Piso 7, Col Santa Fe, Cuajimalpa, O5 Df 05348⁵
Filer categoryLarge accelerated filer⁵

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

7.4%Revenue growth, 2023⁶

Where the money goes

Where each dollar of revenue went, fiscal 2023

Other costs

Other costs100¢$236.6B

Out of $236.6B in revenue.⁶

Financial statements

Revenue⁷⁸⁹¹⁰⁶$236.6B in 2023+2181% since 2017

Gross profit⁷⁸⁹¹⁰$4.2B in 2020−11% since 2017

Net income⁷⁸⁹¹⁰$521.0M in 2020

Every line of the income statement in the latest annual report, as filed.¹¹

Period ending	2025-12-31	2024-12-31	2023-12-31
Total revenues	291.7B MXN	279.8B MXN	245.1B MXN
Cost of goods sold	158.6B MXN	151.1B MXN	134.2B MXN
Gross profit	133.2B MXN	128.7B MXN	110.9B MXN
Administrative expenses	15.0B MXN	13.7B MXN	12.8B MXN
Selling expenses	76.7B MXN	74.4B MXN	63.3B MXN
Other income	4.1B MXN	4.2B MXN	2.0B MXN
Other expenses	3.5B MXN	4.9B MXN	3.3B MXN
Interest expense	8.1B MXN	7.5B MXN	7.1B MXN
Interest income	2.4B MXN	3.0B MXN	3.2B MXN
Foreign exchange gain (loss), net	20.0M MXN	304.0M MXN	-1.0B MXN
Gain on monetary position for subsidiaries in hyperinflationary economies	383.0M MXN	216.0M MXN	93.0M MXN
Market value gain on financial instruments	412.0M MXN	67.0M MXN	169.0M MXN
Income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method	37.2B MXN	36.0B MXN	28.8B MXN
Income taxes	12.7B MXN	11.8B MXN	8.8B MXN
Share in the profit of equity accounted investees, net of income taxes	531.0M MXN	306.0M MXN	215.0M MXN
Consolidated net income	25.0B MXN	24.5B MXN	20.2B MXN
Equity holders of the parent	23.8B MXN	23.7B MXN	19.5B MXN
Non-controlling interest	1.2B MXN	820.0M MXN	690.0M MXN
Basic controlling interest net income (per share)	1.42 MXN	1.41 MXN	1.16 MXN
Diluted controlling interest net income (per share)	1.42 MXN	1.41 MXN	1.16 MXN

Total assets⁷⁸⁹¹⁰$13.2B in 2020−9% since 2017

Total liabilities⁷⁸⁹¹⁰$7.1B in 2020−4% since 2017

Shareholders’ equity⁷⁸⁹¹⁰$6.2B in 2020−14% since 2017

Cash⁸⁹¹⁰$2.2B in 2020+129% since 2017

Every line of the balance sheet in the latest annual report, as filed.¹¹

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	28.1B MXN	32.8B MXN
Trade receivables, net	22.1B MXN	18.6B MXN
Inventories	14.0B MXN	14.1B MXN
Recoverable income tax	2.8B MXN	2.3B MXN
Other recoverable taxes	4.9B MXN	4.4B MXN
Other current financial assets	761.0M MXN	946.0M MXN
Other current assets	1.9B MXN	1.9B MXN
Total current assets	74.6B MXN	75.1B MXN
Investments accounted for using the equity method	10.6B MXN	10.2B MXN	9.2B MXN
Right-of-use assets, net	2.6B MXN	3.0B MXN	2.4B MXN
Property, plant and equipment, net	109.1B MXN	99.4B MXN	78.7B MXN
Intangible assets, net	102.4B MXN	101.9B MXN	101.2B MXN
Deferred tax assets	6.8B MXN	6.2B MXN
Other non-current financial assets	3.6B MXN	6.7B MXN
Other non-current assets	4.9B MXN	5.5B MXN
Total non-current assets	240.0B MXN	232.9B MXN
TOTAL ASSETS	314.5B MXN	308.0B MXN	273.5B MXN
Bank loans and notes payable	4.0B MXN	1.4B MXN
Current portion of non-current debt	3.9B MXN	1.9B MXN
Current portion of lease liabilities	631.0M MXN	889.0M MXN
Interest payable	886.0M MXN	835.0M MXN
Suppliers	31.9B MXN	33.8B MXN
Other current liabilities	12.6B MXN	16.1B MXN
Income tax payable	1.3B MXN	1.4B MXN
Other taxes payable	9.4B MXN	9.2B MXN
Other current financial liabilities	2.1B MXN	1.7B MXN
Total current liabilities	66.8B MXN	67.2B MXN
Bank loans and notes payable	71.8B MXN	70.4B MXN
Post-employment and other non-current employee benefits	5.5B MXN	4.9B MXN
Non-current portion of lease liabilities	2.3B MXN	2.3B MXN
Deferred tax liabilities	5.0B MXN	4.3B MXN
Other non-current financial liabilities	4.8B MXN	3.8B MXN
Provisions	2.5B MXN	2.8B MXN
Other non-current liabilities	1.9B MXN	1.8B MXN
Total non-current liabilities	93.8B MXN	90.3B MXN
TOTAL LIABILITIES	160.5B MXN	157.4B MXN	139.8B MXN
Common stock	2.1B MXN	2.1B MXN
Additional paid-in capital	45.6B MXN	45.6B MXN
Retained earnings	115.3B MXN	107.0B MXN
Other equity instruments	-3.0B MXN	-2.5B MXN
Accumulated other comprehensive (loss) income	-13.7B MXN	-8.6B MXN
Equity attributable to equity holders of the parent	146.2B MXN	143.4B MXN
Non-controlling interest in consolidated subsidiaries	7.8B MXN	7.1B MXN	6.7B MXN
TOTAL EQUITY	154.0B MXN	150.5B MXN	133.7B MXN
TOTAL LIABILITIES AND EQUITY	314.5B MXN	308.0B MXN

Capital spending⁷⁸⁹¹⁰$485.0M in 2020−14% since 2017

Every line of the cash flow in the latest annual report, as filed.¹¹

Period ending	2025-12-31	2024-12-31	2023-12-31
Income before income taxes	37.7B MXN	36.3B MXN	29.0B MXN
Non-cash operating expenses	938.0M MXN	2.3B MXN	79.0M MXN
Depreciation	11.8B MXN	10.2B MXN	8.9B MXN
Depreciation right-of-use assets	1.0B MXN	921.0M MXN	776.0M MXN
Amortization	1.0B MXN	985.0M MXN	836.0M MXN
Amortization prepaid expenses	906.0M MXN	852.0M MXN	887.0M MXN
Gain on sale of long-lived assets, net	-294.0M MXN	-137.0M MXN	-94.0M MXN
Loss on the retirement of long-lived assets	431.0M MXN	482.0M MXN	186.0M MXN
Loss on the retirement of intangible assets	10.0M MXN	50.0M MXN	1.0M MXN
Share of the (profit) of associates and joint ventures accounted for using the equity method, net of income taxes	-531.0M MXN	-306.0M MXN	-215.0M MXN
Interest income	-2.4B MXN	-3.0B MXN	-3.2B MXN
Interest expense	8.1B MXN	7.5B MXN	7.1B MXN
Foreign exchange (gain) loss, net	-20.0M MXN	-304.0M MXN	1.0B MXN
Non-cash movements in post-employment and other non-current employee benefits obligations	411.0M MXN	310.0M MXN	338.0M MXN
Impairment on equity investments	13.0M MXN	0 MXN	143.0M MXN
Monetary position gain, net	-383.0M MXN	-216.0M MXN	-93.0M MXN
Market value gain on financial instruments	-412.0M MXN	-67.0M MXN	-169.0M MXN
Accounts receivable and other current assets	-4.2B MXN	-2.3B MXN	-1.6B MXN
Other current financial assets	-1.8B MXN	-1.9B MXN	-573.0M MXN
Inventories	-591.0M MXN	-2.2B MXN	-779.0M MXN
Suppliers and other accounts payable	-7.6B MXN	5.1B MXN	3.7B MXN
Other liabilities	-451.0M MXN	-1.1B MXN	403.0M MXN
Employee benefits paid	-805.0M MXN	-585.0M MXN	-544.0M MXN
Other taxes	443.0M MXN	-829.0M MXN	1.4B MXN
Income taxes paid	-12.6B MXN	-9.7B MXN	-5.3B MXN
Net cash flows generated from operating activities	30.8B MXN	42.4B MXN	42.3B MXN
Interest collected	2.4B MXN	3.0B MXN	3.2B MXN
Acquisitions of property, plant and equipment	-21.7B MXN	-23.9B MXN	-19.6B MXN
Proceeds from insurance recoveries and sale of long-lived assets	465.0M MXN	476.0M MXN	178.0M MXN
Acquisitions of intangible assets	-2.1B MXN	-1.8B MXN	-1.0B MXN
Other non-current assets	340.0M MXN	-384.0M MXN	-1.6B MXN
Dividends received from investments in associates and joint ventures	23.0M MXN	19.0M MXN	79.0M MXN
Investments in other entities and financial assets	-514.0M MXN	-751.0M MXN	-1.3B MXN
Net cash flows used in investing activities	-21.1B MXN	-23.4B MXN	-20.1B MXN
Proceeds from borrowings	15.0B MXN	1.4B MXN	151.0M MXN
Repayments of borrowings	-3.1B MXN	-28.0M MXN	-8.4B MXN
Interest paid	-5.0B MXN	-4.7B MXN	-4.5B MXN
Dividends paid	-15.7B MXN	-12.9B MXN	-12.3B MXN
Interest paid on lease liabilities	-375.0M MXN	-349.0M MXN	-278.0M MXN
Payments of leases	-895.0M MXN	-856.0M MXN	-690.0M MXN
Financing instruments	-2.0B MXN	-2.3B MXN	-322.0M MXN
Net cash flows used in financing activities	-12.1B MXN	-19.6B MXN	-26.4B MXN
Net decrease in cash and cash equivalents	-2.5B MXN	-592.0M MXN	-4.1B MXN
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies	-2.2B MXN	2.3B MXN	-5.1B MXN
Insurance collection	83.0M MXN	245.0M MXN

Compare Coca-Cola FEMSA with another company

How it started

History

Coca-Cola FEMSA began as a joint venture with The Coca-Cola Company in 1991 with FEMSA initially owning 51% of the stock. It started expanding its international operations in 2003 when it acquired Panamerican Beverages (Panamco), another Mexican Coca-Cola bottler with operations in Central America, Colombia, Venezuela, and Brazil. It later acquired additional bottling companies in Brazil (its second largest market) as well as the main Coca-Cola bottler in the Philippines in 2013, until 2018 when the company was then renamed to Coca-Cola Beverages Philippines.

In 2007, Coca-Cola FEMSA acquired Jugos del Valle in a joint venture with The Coca-Cola Company. In June 2008, Coca-Cola FEMSA acquired Refrigerantes Minas Gerais.

In 2011, the company merged Grupo Tampico and Corporación Los Angeles. Later that same year, Coca-Cola FEMSA acquired Grupo Industrias Lacteas, parent company of Estrella Azul, in a joint venture with The Coca-Cola Company.

Coca-Cola FEMSA merged beverage operations with Grupo Fomento Queretano in 2012. In 2013, the company merged more bottling operations with Grupo Yoli as well as acquiring Brazilian companies Companhia Fluminense de Refrigerantes and Industria Brasileira de Bebidas.

In 2015, Coca-Cola FEMSA opened two $500 million bottling plants in Itabirito, Brazil, and Tocancipa, Colombia. The company completed its $1 billion acquisition of VONPAR in Brazil in 2016. Coca-Cola and Coca-Cola FEMSA also bought the AdeS brand from Unilever in a joint venture that same year.

From Wikipedia’s article on Coca-Cola FEMSA, shared under CC BY-SA 4.0.³

Former names

COCA COLA FEMSA SA DE CVJan 29, 1998 to Dec 19, 2006⁵

Timeline

1991Founded Founded¹

Recent filings

Sep 3, 20266-K
Jul 27, 20266-K
Jul 2, 20263
Jun 12, 20266-K
Jun 1, 20266-K
May 27, 20263
May 26, 20266-K
May 22, 20263
Apr 29, 20266-K
Apr 22, 20263/A
Apr 16, 202620-F
Apr 16, 20266-K
Mar 30, 20263
Mar 27, 20266-K
Mar 24, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataCoca-Cola FEMSA on Wikidata
2
SEC EDGARCoca-Cola FEMSA filings on SEC EDGAR
3
WikipediaCoca-Cola FEMSA on Wikipedia
4
Wikimedia CommonsCoca-Cola FEMSA logo by Coca-Cola Femsa, Public domain
5
SEC EDGARCoca-Cola FEMSA filings on SEC EDGAR
6
SEC EDGARCoca-Cola FEMSA 10-K for fiscal 2023
7
SEC EDGARCoca-Cola FEMSA 10-K for fiscal 2017
8
SEC EDGARCoca-Cola FEMSA 10-K for fiscal 2018
9
SEC EDGARCoca-Cola FEMSA 10-K for fiscal 2019
10
SEC EDGARCoca-Cola FEMSA 10-K for fiscal 2020
11
SEC EDGARCoca-Cola FEMSA 20-F filed 2026-04-16: income statement