BBB FOODS INC
TBBB · Retail-Grocery Stores · EDGAR filings ↗
Grade
C57Fast-scaling Mexican hard-discount grocery leader generating strong operating cash flow but currently running a net loss.
Strengths
- Revenue +57% (90th pct) with strong operating cash generation (OCF margin 90.9th pct) and positive FCF of $63M (87.5th pct)
- Market-leading hard-discount franchise (3,346 stores) with a negative-working-capital model and 58% private-label mix
Risks
- Net loss this year (net margin -3.6%, ROE -69%, ROA -9.3%); thin 16% gross margin and current ratio 0.62
- Razor-thin-margin, intensely competitive industry and execution risk on aggressive regional expansion
Notable findings
- No interest coverageInterest coverage -0.45 (cannot cover interest)
- Net lossNet loss (net margin -3.6%)
- Weak liquidityCurrent ratio 0.62 (<1)
Key metrics
Gross margin
16.2%
Operating margin
-0.9%
Net margin
-3.6%
Return on equity
-68.8%
Return on assets
-9.3%
ROIC
-8.4%
Revenue growth (QoQ)
56.9%
Debt / equity
0.5×
Interest coverage
-0.4×
Current ratio
0.6×
Free cash flow
$63M
Tangible book value
$230M
Cash & investments
$79M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-02 | 2025-12-31 | 0001193125-26-140232 ↗ |
| 20-F | 2025-04-29 | 2024-12-31 | 0000950170-25-060187 ↗ |
| 20-F | 2024-04-30 | 2023-12-31 | 0000950170-24-050527 ↗ |