CEMEX, S.A.B. de C.V.
CXCEMEX, S.A.B. de C.V.'s three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: the price moved +42.7% in a year while annual EPS moved +2.3% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (49 weeks in). Underneath, the last four quarters read improving — profit +91.7% year on year, and 434% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
CEMEX, S.A.B. de C.V. trades at $12.0, in a confirmed uptrend and 49 weeks into that stage. That is +2.5% against its own 200-day average. It sits at 76% of a 52-week range of $9 to $13. On relative strength it is currently behind the S&P 500 on a trailing-13-week view (2 weeks and counting).
Today the stock is in a confirmed uptrend — week 49 of stage 2. At $12.0 it trades +2.5% versus its 200-day average and sits at 76% of its 52-week range ($9–$13).
Against the market, two honest reads. Cumulative: over the last 10.1 years the stock moved +99% while the S&P 500 moved +248% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (2 weeks and counting; last ahead the week of 2026-07-17) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: how the P/E reads against its own history.
Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.
CEMEX, S.A.B. de C.V. trades at 360.0× P/E, against too little history to rank. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 360.0× is against too little history to rank. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +2.3% against a +42.7% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 3y, of the +16.1%/yr price move, ~−76.4%/yr came from earnings growth and ~+92.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
CEMEX, S.A.B. de C.V. reads as mixed on its fundamental arc. Mixed — revenue growth is rising at +4.9% while profit growth is falling at −36.2% — the curves disagree, so the per-curve reads carry the story. The read is built from 12 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +0.4% | +3.1% | — | — |
| Profit | −56.5% | +0.0% | — | — |
| EPS | +2.3% | +124.4% | — | — |
| Stock price | +42.7% | +16.1% | +8.1% | +5.0% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
52.9/100 — rank 3 of 14 in Building Materials · 59% evidence confidence
CEMEX, S.A.B. de C.V. scores 52.9 out of 100 against the 14 companies it is compared with in Building Materials, ranking 3. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 22.1 + 13.4 + 8.5 + 8.9 = 52.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
CEMEX, S.A.B. de C.V. reported $4.0 B of revenue in the Mar 26 quarter, +11.4% year on year. That is the 3rd straight quarter of year-on-year growth. Over 4 years it has compounded at 2.9% a year. The last full year, FY25, came in at $16.1 B. The last four reported quarters add to $16.6 B.
CEMEX, S.A.B. de C.V. reported $4.0 B of revenue in the Mar 26 quarter, +11.4% year on year. That is the 3rd straight quarter of year-on-year growth. Over 4 years it has compounded at 2.9% a year. The last full year, FY25, came in at $16.1 B. The last four reported quarters add to $16.6 B.
FY25 revenue came in at $16.1 B (+0.4% on the year), capping 4 years at 2.9% compound. The latest quarter (Mar 26) printed $4.0 B, +11.4% year on year — the 3rd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +5.3% growth against the decade's 2.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +4.9% over the last 4 quarters against −0.7%/yr over the last 8 — accelerating; TTM profit −36.2% vs +59.7%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 10.2% this quarter (+3.3 pp YoY).
Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
CEMEX, S.A.B. de C.V.'s operating margin is 10.2% in the Mar 26 quarter, +3.3 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 5.9% to 11.4%. The current quarter sits inside that band.
CEMEX, S.A.B. de C.V.'s operating margin is 10.2% in the Mar 26 quarter, +3.3 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 5.9% to 11.4%. The current quarter sits inside that band.
The latest quarter's operating margin is 10.2%, +3.3 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 5.9%–11.4%.
Why the margin moved: operating margin went +3.3 pp year on year while gross margin went +1.8 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins held — did that reach the bottom line? Next: profit +91.7% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
CEMEX, S.A.B. de C.V. earned $0.2 B of net profit in the Mar 26 quarter, +91.7% year on year. Full-year FY25 profit was $0.4 B. The 4-year compound rate is −16.4%. That is 5.7% of the quarter's revenue. The same quarter a year earlier earned $0.1 B. 2 of the last 12 reported quarters were loss-making.
CEMEX, S.A.B. de C.V. earned $0.2 B of net profit in the Mar 26 quarter, +91.7% year on year. Full-year FY25 profit was $0.4 B. The 4-year compound rate is −16.4%. That is 5.7% of the quarter's revenue. The same quarter a year earlier earned $0.1 B. 2 of the last 12 reported quarters were loss-making.
Mar 26 profit was $0.2 B, +91.7% year on year. On the full year, FY25 printed $0.4 B (−56.5%), and the 4-year compound rate is −16.4%.
Why profit moved: revenue contributed +11.4% and the margin +3.3 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit −17.5% vs revenue +5.3%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 434% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 434% of CEMEX, S.A.B. de C.V.'s reported profit arrived as operating cash — the cash follows the profit. In FY25 that was $2.0 B of operating cash against $0.4 B of profit. After $0.9 B of capital spending, $1.0 B was left as free cash.
FY25: operating cash of $2.0 B against reported profit of $0.4 B, leaving free cash of $1.0 B after $0.9 B of capital spending. Across the last 3 fiscal years the conversion rate is 434% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.
Router verdict: the visible cash user is investment — the next section checks what the spending is buying.
→ So follow the cash to where it goes. Next: $3.0 B of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
CEMEX, S.A.B. de C.V. does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $3.0 B over the last 3 years. Averaged over those years that is 6.2% of FY25 revenue a year.
Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.
On the investment side: capital spending of $3.0 B over the last 3 fiscal years.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROE is 4% and the ROIC − WACC spread is −0.9 pp.
Return on equity Return on equity (ROE) is the profit the business earns on its shareholders’ money. With the full capital-employed split not in our numbers, ROE is the cleanest long ladder we can draw here.
CEMEX, S.A.B. de C.V. earns a ROE of 3% in FY25. That is up from a trough of 1% in FY23. Return on invested capital clears the cost of that capital by −0.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.5% net margin on 0.56× asset turns.
FY25 ROE is 3%, recovered from a FY23 trough of 1% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY25): 2.5% net margin × 0.56× asset turns × 2.12× balance-sheet leverage ≈ 3.0% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 6.0% − 6.9% = a −0.9 pp spread. The 6.9% is an estimate of this company's own cost of capital — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.54.
Dividend A dividend is cash paid out per share. Dividend per share is the declared amount for the period; the trailing twelve-month total is the four most recent quarters added together.
CEMEX, S.A.B. de C.V. has 2 quarters of declared dividends on file — too few for a trailing-twelve-month figure. The most recent declaration was $0.01 for Dec 24.
CEMEX, S.A.B. de C.V. has 2 quarters of declared dividends on file — too few for a trailing-twelve-month figure. The most recent declaration was $0.01 for Dec 24.
CEMEX, S.A.B. de C.V. has declared a dividend in 2 of the last 12 reported quarters, most recently $0.01 for Dec 24. That is fewer than four quarters, so no trailing-twelve-month total is shown rather than one built from a partial year.
→ A payout is cash leaving the business. Next: what the balance sheet looks like behind it.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
CEMEX, S.A.B. de C.V. carries total debt of $0.0 B against shareholder equity of $12.8 B as of Jun 26, a debt-to-equity of 0.00 — effectively unlevered. On the annual view that ratio went from 0.72 in FY21 to 0.41 in FY25. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 26: total debt of $0.0 B against shareholder equity of $12.8 B — a debt-to-equity of 0.00. On the annual view, debt-to-equity went from 0.72 (FY21) to 0.41 (FY25). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: the register.
Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.
No ownership or positioning reading is held for CEMEX, S.A.B. de C.V., so this section names the gap rather than filling it. At typical trading volumes those positions would take about 2.1 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.
We hold no ownership or positioning reading for this stock, so this section says that plainly.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
CEMEX, S.A.B. de C.V.: the Z-score reads 1.76. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits inside the distress zone. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
🚨 Why it matters: a Z-score of 1.76 is inside the distress zone — the balance sheet is a real risk, not a detail.
The safety line in one sentence: the Z-score reads 1.76.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| CEMEX, S.A.B. de C.V. this page | 360.0× | $17B | Mixed | |||
| CRH plc | 19.1× | $69B | Mixed | |||
| Vulcan Materials Company | 34.1× | $37B | Mixed | |||
| Martin Marietta Materials, Inc. | 13.9× | $35B | Deteriorating | |||
| Amrize AG | 24.3× | $28B | No read | |||
| James Hardie Industries plc | 148.2× | $15B | Mixed | |||
| Eagle Materials Inc. | 16.9× | $7B | Deteriorating | |||
| Knife River Corporation | 30.8× | $4B | Deteriorating | |||
| United States Lime & Minerals, Inc. | 25.1× | $3B | Topping out | |||
| Titan America SA | 18.4× | $3B | No read | |||
| Tecnoglass Inc. | 14.6× | $2B | Deteriorating | |||
| Loma Negra Compañía Industrial Argentina Sociedad Anónima | 51.1× | $1B | Deteriorating | |||
| Suncrete, Inc. | — | $1B | — | — | — | — |
| Cementos Pacasmayo S.A.A. | 16.1× | $1B | Deteriorating | |||
| Smith-Midland Corporation | 14.8× | $0B | Mixed |
Frequently asked questions
What is CEMEX, S.A.B. de C.V.'s stock price today?
CEMEX, S.A.B. de C.V. trades at $12.0, +42.7% over the past year. The company is valued at $17.0 B. The stock sits at 76% of its 52-week range of $9–$13, +2.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 49 weeks in. — as of 29 July 2026.
What were CEMEX, S.A.B. de C.V.'s latest quarterly results?
CEMEX, S.A.B. de C.V. reported revenue of $4.0 B and net profit of $0.2 B for the Mar 26 quarter. Revenue rose 11.4% and profit rose 91.7% year on year. Earnings per share were $0.01. The operating margin was 10.2%, 3.3 pp higher than a year earlier. — as of 29 July 2026.
What is CEMEX, S.A.B. de C.V.'s revenue?
CEMEX, S.A.B. de C.V. reported revenue of $4.0 B in the Mar 26 quarter, +11.4% year on year. For the full FY25 fiscal year, revenue was $16.1 B (+0.4%). Over the last 4 years revenue compounded at 2.9% a year. — as of 29 July 2026.
What is CEMEX, S.A.B. de C.V.'s profit?
CEMEX, S.A.B. de C.V. earned $0.2 B of net profit in the Mar 26 quarter, +91.7% year on year. Full-year FY25 profit was $0.4 B. The operating margin ran 10.2% in the latest quarter. — as of 29 July 2026.
What is CEMEX, S.A.B. de C.V.'s market cap?
CEMEX, S.A.B. de C.V.'s market capitalisation is $17.0 B at a stock price of $12.0. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 29 July 2026.
Does CEMEX, S.A.B. de C.V. pay a dividend?
Yes — CEMEX, S.A.B. de C.V. declared $0.01 per share for Dec 24 (2 quarters on file, too few for a trailing-twelve-month total). The latest quarter is up 8.3% on the same quarter a year earlier. — as of 29 July 2026.
What is CEMEX, S.A.B. de C.V.'s dividend per share?
CEMEX, S.A.B. de C.V.'s most recently declared dividend is $0.01 per share for Dec 24. Each figure is the amount declared for that quarter as reported, added across four quarters for the trailing total. — as of 29 July 2026.
Is CEMEX, S.A.B. de C.V. growing?
Yes — CEMEX, S.A.B. de C.V. is growing: latest-quarter revenue +11.4% year on year, profit +91.7%, and the margin +3.3 pp at 10.2%. The 4-year compound rates are 2.9% (revenue) and −16.4% (profit). The earnings engine currently reads: improving — as of 29 July 2026.
How is CEMEX, S.A.B. de C.V. performing?
CEMEX, S.A.B. de C.V. is in a confirmed uptrend, 49 weeks in. Its latest quarter's revenue rose 11.4% and profit rose 91.7% year on year. Against the S&P 500 it has been behind on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 29 July 2026.
What stage is CEMEX, S.A.B. de C.V. in?
Mixed — revenue growth is rising at +4.9% while profit growth is falling at −36.2% — the curves disagree, so the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +4.9% latest, profit growth −36.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 29 July 2026.
Is CEMEX, S.A.B. de C.V. in an uptrend?
Yes — the price is in a confirmed uptrend (week 49 of stage 2), trading +2.5% versus its 200-day average and at 76% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 29 July 2026.
Is CEMEX, S.A.B. de C.V. beating the market?
Not lately — on a trailing-13-week view CEMEX, S.A.B. de C.V. is currently behind the S&P 500 (2 weeks and counting; last ahead the week of 2026-07-17), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.1 years the stock moved +99% against the S&P 500's +248% — behind the index over the full window. — as of 29 July 2026.
Will CEMEX, S.A.B. de C.V.'s stock price go up?
This page publishes no price forecast for CEMEX, S.A.B. de C.V. What it measures instead: the stock price is $12.0, the price is in a confirmed uptrend 49 weeks in. Direction is not something this site claims to know. — as of 29 July 2026.
Does CEMEX, S.A.B. de C.V. have too much debt?
It is moderate — CEMEX, S.A.B. de C.V.'s debt-to-equity is 0.54. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 29 July 2026.
What is CEMEX, S.A.B. de C.V.'s capex?
CEMEX, S.A.B. de C.V. spent $3.0 B on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was $0.9 B. — as of 29 July 2026.
What is CEMEX, S.A.B. de C.V.'s cash flow?
CEMEX, S.A.B. de C.V. generated $2.0 B of operating cash flow in FY25 and $1.0 B of free cash flow after $0.9 B of capital spending. Reported profit that year was $0.4 B, so operating cash ran ahead of profit. — as of 29 July 2026.
Is CEMEX, S.A.B. de C.V.'s profit real cash?
Yes — over the last 3 fiscal years, 434% of CEMEX, S.A.B. de C.V.'s reported profit arrived as operating cash. In FY25, operating cash was $2.0 B against reported profit of $0.4 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 29 July 2026.
How financially safe is CEMEX, S.A.B. de C.V.?
On the balance sheet, the Z-score reads 1.76 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is inside the danger band — a real balance-sheet risk. — as of 29 July 2026.
Where is CEMEX, S.A.B. de C.V. in its business cycle?
CEMEX, S.A.B. de C.V.'s FY25 operating margin was 6.2%, against a 5-year band of 5.9%–11.4%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 10.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 29 July 2026.
What could break the CEMEX, S.A.B. de C.V. story?
The sharpest disagreement: the price moved +42.7% in a year while annual EPS moved +2.3% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 29 July 2026.
Is CEMEX, S.A.B. de C.V. a stock worth studying right now?
This is not investment advice. The machine read: CEMEX, S.A.B. de C.V.'s three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 29 July 2026.