TBBB Consumer Defensive

BBB Foods Inc.

$62.97+10.53%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Consumer Defensive
Industry: Discount Stores
Country: Mexico
Market cap: 7.6B USD
Enterprise value: 6.8B USD
Full-time employees: 29,202

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.62 vs a peer median of 1.52)higher risk: less liquidity (current ratio 0.62 vs peers 1.52)

Ranks #612 of 761 consumer defensive companies (bottom 20%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.
BBB Foods made a loss per share in its latest year after a profit the year before.
Operating margin at a 5-year low. -0.9% in 2025, the weakest of the last 5 years.
BBB Foods's operating margin fell to -0.9% in 2025, its lowest in the 5 years of filings we have.
Borrowing rising faster than profit. Since 2022: debt +118%, operating profit −230%.
BBB Foods's debt grew 118% since 2022 while operating profit changed −230%.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -0.9%).

StockQuotient Score

33/ 100

Oct 5 34 → Nov 4 33 (-1)

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-2.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · MXN→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.51Sector median: 0.0453 · MAD: 0.0301

EBITDA yield0.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · MXN→USD at the current rateReported value50% base weight · Z-score -1.84Sector median: 0.0865 · MAD: 0.0435

Free cash flow yield0.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · MXN→USD at the current rate · operating cash flow − capital spendingReported value20% base weight · Z-score -1.22Sector median: 0.0622 · MAD: 0.0441

Other data (not scored)

Book yield3.0%

SEC filings (IFRS mapped) · latest balance sheet · MXN→USD at the current rateOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5381 · MAD: 0.2865

Growth

Is it growing?

93/100

Strong

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 36.1%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -2.08Sector median: 0.0154 · MAD: 0.2529

3-year revenue growth33.9%

SEC filings (IFRS mapped) · 3 years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.25Sector median: 0.0366 · MAD: 0.0470

Revenue growth36.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.89Sector median: 0.0278 · MAD: 0.0585

Profitability

Does it earn well?

5/100

Weak

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Turned to a loss over the last 12 months
Operating margin fell 3.2 points to -0.9%

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-0.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -1.66Sector median: 0.0759 · MAD: 0.0508

Return on assets-9.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.62Sector median: 0.0396 · MAD: 0.0262

Return on invested capital-10.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -2.74Sector median: 0.0766 · MAD: 0.0673

Other data (not scored)

Gross margin16.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3182 · MAD: 0.1263

Return on equity-68.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0831 · MAD: 0.0675

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

2/3 inputs reported · Partial data

Since last year: No major change

Why

Weaker than most peers on:

▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

BetaUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.4070 · MAD: 0.1690

Current ratio0.62×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -1.40Sector median: 1.5250 · MAD: 0.6460

Debt / equity0.55×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.34Sector median: 0.4234 · MAD: 0.3581

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about BBB Foods

Is BBB Foods getting weaker?: Its latest SEC filing (Apr 2, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating margin fell 3.2 points to -0.9%. Its overall score is unchanged at 33/100 since Oct 28, 2026.
How is BBB Foods valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 823 consumer defensive peers. Earnings yield -2.1% vs a peer median of 4.5% (weaker than 100% of peers).Earnings yield -2.1% vs peers 4.5% (weaker than 100% of peers).
Is BBB Foods growing?: Yes, faster than most of its peers. Growth scores 93/100 against 823 consumer defensive peers. 3-year revenue growth 33.9% vs a peer median of 3.7% (stronger than 95% of peers).3-year revenue growth 33.9% vs peers 3.7% (stronger than 95% of peers).
How profitable is BBB Foods?: Less profitable than most of its peers. Profitability scores 5/100 against 823 consumer defensive peers. Return on assets -9.3% vs a peer median of 4.0% (weaker than 100% of peers).Return on assets -9.3% vs peers 4.0% (weaker than 100% of peers).
How risky is BBB Foods?: Higher risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 0.62× vs a peer median of 1.52× (weaker than 94% of peers).Current ratio 0.62× vs peers 1.52× (weaker than 94% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Apr 2, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Turned to a loss over the last 12 months
Operating margin fell 3.2 points to -0.9%

Worth watching: BBB Foods is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Revenue (12 months)	57.4B MXN	78.2B MXN	+36.1%
Net income (12 months)	334.4M MXN	−2.8B MXN	turned negative
Operating margin	2.3%	-0.9%	−3.2 pts
Free cash flow (12 months)	1.3B MXN	1.1B MXN	−13.7%
Debt	1.0B MXN	2.2B MXN	+117.6%
Cash	1.4B MXN	1.4B MXN	−1.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in MXN, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	14.9%	15.1%	16.0%	16.3%	16.2%	▼ 0.1 pts
Operating margin	1.7%	1.6%	1.8%	2.3%	-0.9%	▼ 3.2 pts
Net margin	-3.5%	-1.7%	-0.7%	0.6%	-3.6%	▼ 4.2 pts
Return on assets (ROA)	—	-4.8%	-2.0%	1.5%	-9.3%	▼ 11 pts
Return on equity (ROE)	—	—	—	8.3%	-68.8%	▼ 77 pts
Free cash flow margin	3.6%	3.0%	3.0%	2.3%	1.4%	▼ 0.8 pts
Current ratio	—	0.53×	0.49×	0.76×	0.62×	▼ 18%
Quick ratio	—	0.25×	0.23×	0.49×	0.35×	▼ 28%
Debt to equity	—	—	—	0.26×	0.55×	▲ 113%
Interest coverage	0.39×	0.45×	0.52×	1.06×	-0.45×	▼ 142%

TBBB price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Chin Teck Plantations Berhad1929.KL94/ 100

First Resources LimitedEB5.SI91/ 100

Sipef NVSIP.BR91/ 100

Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.62 vs a peer median of 1.52)higher risk: less liquidity (current ratio 0.62 vs peers 1.52)

Ranks #612 of 761 consumer defensive companies (bottom 20%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.

BBB Foods made a loss per share in its latest year after a profit the year before.

Operating margin at a 5-year low. -0.9% in 2025, the weakest of the last 5 years.

BBB Foods's operating margin fell to -0.9% in 2025, its lowest in the 5 years of filings we have.

Borrowing rising faster than profit. Since 2022: debt +118%, operating profit −230%.

BBB Foods's debt grew 118% since 2022 while operating profit changed −230%.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -0.9%).

Questions investors ask about BBB Foods

Is BBB Foods getting weaker?

Its latest SEC filing (Apr 2, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating margin fell 3.2 points to -0.9%. Its overall score is unchanged at 33/100 since Oct 28, 2026.

How is BBB Foods valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 823 consumer defensive peers. Earnings yield -2.1% vs a peer median of 4.5% (weaker than 100% of peers).Earnings yield -2.1% vs peers 4.5% (weaker than 100% of peers).

Is BBB Foods growing?

Yes, faster than most of its peers. Growth scores 93/100 against 823 consumer defensive peers. 3-year revenue growth 33.9% vs a peer median of 3.7% (stronger than 95% of peers).3-year revenue growth 33.9% vs peers 3.7% (stronger than 95% of peers).

How profitable is BBB Foods?

Less profitable than most of its peers. Profitability scores 5/100 against 823 consumer defensive peers. Return on assets -9.3% vs a peer median of 4.0% (weaker than 100% of peers).Return on assets -9.3% vs peers 4.0% (weaker than 100% of peers).

How risky is BBB Foods?

Higher risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 0.62× vs a peer median of 1.52× (weaker than 94% of peers).Current ratio 0.62× vs peers 1.52× (weaker than 94% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

57.4B MXN

78.2B MXN

+36.1%

Net income (12 months)

334.4M MXN

−2.8B MXN

turned negative

Operating margin

2.3%

-0.9%

−3.2 pts

Free cash flow (12 months)

1.3B MXN

1.1B MXN

−13.7%

Debt

1.0B MXN

2.2B MXN

+117.6%

Cash

1.4B MXN

1.4B MXN

−1.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

14.9%

15.1%

16.0%

16.3%

16.2%

▼ 0.1 pts

Operating margin

1.7%

1.6%

1.8%

2.3%

-0.9%

▼ 3.2 pts

Net margin

-3.5%

-1.7%

-0.7%

0.6%

-3.6%

▼ 4.2 pts

Return on assets (ROA)

—

-4.8%

-2.0%

1.5%

-9.3%

▼ 11 pts

Return on equity (ROE)

—

8.3%

-68.8%

▼ 77 pts

Free cash flow margin

3.6%

3.0%

2.3%

1.4%

▼ 0.8 pts

Current ratio

—

0.53×

0.49×

0.76×

0.62×

▼ 18%

Quick ratio

—

0.25×

0.23×

0.49×

0.35×

▼ 28%

Debt to equity

—

0.26×

0.55×

▲ 113%

Interest coverage

0.39×

0.45×

0.52×

1.06×

-0.45×

▼ 142%