Betterware de México, S.A.P.I. de C.V. (BWMX) Financial Statements & Analysis

Betterware de México, S.A.P.I. de C.V. (BWMX) Income Statement

Betterware de México, S.A.P.I. de C.V. reported revenue of MXN 14.24B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 1.0% from MXN 14.10B a year earlier. Net income was MXN 1.06B, up 49.0% year over year, a net margin of 7.4%. Gross margin was 66.6% and operating margin 15.8%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was MXN 4.83B, up 43.1% from the same quarter a year earlier.

Betterware de México, S.A.P.I. de C.V. Income Statement Analysis

Values in billions MXN

Income Statement Balance Sheet Cash Flow Ratios

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Betterware de México, S.A.P.I. de C.V. income statement - Annual data in billions MXN
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	14.24	14.10	13.01	11.51	10.07	7.24	7.24	3.08	2.32	1.45
Cost of Revenue	4.76	4.52	4.26	3.98	4.50	3.28	3.28	1.28	0.96	0.56
Gross Profit	9.48	9.58	8.75	7.52	5.57	3.96	3.96	1.80	1.36	0.89
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Selling, General & Administrative	7.22	7.20	6.41	5.47	2.97	1.89	1.89	0.99	0.81	0.56
Operating Expenses	7.22	7.89	6.41	5.50	2.97	1.89	1.89	0.99	0.81	0.56
Operating Income	2.26	1.69	2.34	2.03	2.60	2.06	2.06	0.81	0.55	0.33
Other Income/Expense
Interest Income	0.03	0.02	0.05	0.03	0.03	0.01	0.01	0.01	0.01	0.02
Interest Expense	0.54	-0.64	0.83	0.54	0.08	-0.08	0.08	0.09	0.09	0.12
Other Income/Expense	-0.54	-0.51	-0.14	-0.64	-0.04	-1.14	-1.24	-0.11	-0.10	-0.03
Income
Income Before Tax	1.72	1.18	1.42	1.39	2.56	0.82	0.82	0.70	0.45	0.30
Income Tax Expense	0.66	0.47	0.38	0.52	0.81	0.53	0.53	0.23	0.15	0.10
Net Income	1.06	0.71	1.04	0.87	1.75	0.30	0.30	0.47	0.30	0.21
Net Income - Continuous Operations	1.06	0.71	1.04	0.87	1.75	-	0.30	0.47	0.30	0.21
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	2.48	2.62	2.63	2.22	2.72	2.09	0.95	0.83	0.56	0.45
EBIT	2.26	2.38	2.24	1.93	2.60	2.06	-	-	-	-
Depreciation & Amortization	0.34	0.23	0.38	0.29	0.08	0.02	0.04	0.04	0.03	0.02
Earnings Per Share
Basic EPS	28.00	19.00	28.00	23.00	47.00	9.00	9.00	14.00	9.00	25.00
Diluted EPS	28.00	19.00	28.00	23.00	47.00	9.00	9.00	14.00	9.00	25.00
Basic Shares Outstanding	0.04	0.04	0.04	0.03	0.04	0.03	0.03	0.03	0.03	0.01
Diluted Shares Outstanding	0.04	0.04	0.04	0.03	0.04	0.03	0.03	0.03	0.03	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Betterware de México, S.A.P.I. de C.V. Financial Statements

What was Betterware de México, S.A.P.I. de C.V.'s revenue in fiscal 2025?

Betterware de México, S.A.P.I. de C.V. reported revenue of MXN 14.24B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 1.0% from MXN 14.10B a year earlier.

Is Betterware de México, S.A.P.I. de C.V. profitable?

Yes. Betterware de México, S.A.P.I. de C.V. earned net income of MXN 1.06B in fiscal 2025, a net margin of 7.4%. In fiscal 2024 it earned MXN 711.73M.

What is Betterware de México, S.A.P.I. de C.V.'s operating margin?

Betterware de México, S.A.P.I. de C.V.'s operating income was MXN 2.26B on revenue of MXN 14.24B in fiscal 2025, an operating margin of 15.8%, compared with 12.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition