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Cemex SAB
(NYSE:CX)
Cemex SAB (CX) vs. SPDR S&P 500 ETF (SPY)
Cemex SAB Business Overview & Revenue Model
Cemex SAB Earnings Call Summary
Cemex SAB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.18B | 16.20B | 16.55B | 14.71B | 14.32B |
| Gross Profit | 5.08B | 5.44B | 5.48B | 4.49B | 4.43B |
| EBITDA | 2.54B | 2.83B | 3.26B | 2.17B | 2.67B |
| Net Income | 963.25M | 939.00M | 182.00M | 858.00M | 754.15M |
Balance Sheet | |||||
| Total Assets | 28.97B | 27.30B | 28.43B | 27.49B | 27.70B |
| Cash, Cash Equivalents and Short-Term Investments | 1.82B | 864.00M | 624.00M | 495.00M | 613.00M |
| Total Debt | 7.65B | 7.36B | 8.16B | 8.82B | 9.16B |
| Total Liabilities | 15.34B | 14.82B | 16.32B | 16.58B | 17.43B |
| Stockholders Equity | 13.31B | 12.18B | 11.76B | 10.50B | 9.83B |
Cash Flow | |||||
| Free Cash Flow | 1.01B | 598.00M | 1.36B | 613.00M | 1.06B |
| Operating Cash Flow | 2.06B | 1.89B | 2.22B | 1.37B | 1.84B |
| Investing Cash Flow | -264.36M | -328.00M | -1.32B | -640.00M | -717.29M |
| Financing Cash Flow | -791.65M | -1.25B | -701.00M | -961.00M | -1.40B |
Cemex SAB Technical Analysis
Cemex SAB Risk Analysis
Cemex SAB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $34.73B | 34.81 | 12.79% | 0.67% | 6.54% | 32.48% | |
72 Outperform | $35.30B | 33.02 | 11.90% | 0.51% | 1.99% | -41.08% | |
70 Outperform | $5.89B | 16.19 | 28.78% | 0.47% | 1.50% | -4.44% | |
70 Outperform | ÂŁ68.84B | 10.17 | 15.21% | 1.17% | 4.28% | 0.39% | |
69 Neutral | $15.96B | 1.73 | 10.45% | 0.74% | -6.34% | 210.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | $1.21B | -35.03 | 5.06% | ― | -33.99% | -61.41% |
Cemex SAB Corporate Events
Cemex, S.A.B. de C.V. announced on February 26, 2026 that it will pay the fourth and final USD $32.5 million installment of a previously declared USD $130 million cash dividend, approved at its March 25, 2025 shareholders’ meeting. The payment applies to registered holders of Series A and B shares, CPOs and ADSs of record as of March 11, 2026, with each ADS representing 10 CPOs and each CPO representing two Series A shares and one Series B share.
The fourth installment is scheduled to be paid on March 12, 2026 in Mexican pesos to local share and CPO holders, based on the March 10, 2026 Banco de México exchange rate, while ADS holders are expected to receive payment around March 19, 2026. The last day to purchase the securities with dividend rights is March 10, 2026, and because the dividend is sourced from Cemex’s Net Tax Profit Account as of December 31, 2013, it will be paid without tax withholding, enhancing its attractiveness for shareholders.
The most recent analyst rating on (CX) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 25, 2026, Cemex repurchased 13 million Ordinary Participation Certificates (CPOs) at a weighted-average price of MXN$21.8059 per CPO, for a total of MXN$283.48 million (about US$16.49 million) under its previously approved share buyback program. The transaction, executed through Citi México Casa de Bolsa, signals ongoing active capital management and may support Cemex’s share price and capital structure, with the company committing to disclose any future buybacks by the end of the next business day in line with Mexican regulations.
The buyback, authorized at Cemex’s March 25, 2025 general shareholders’ meeting, reflects continued use of repurchases as a tool to return value to investors and optimize its equity base. By maintaining transparency on subsequent repurchase activity, Cemex aligns with local market rules and provides stakeholders with timely visibility into changes in its outstanding equity and treasury share position.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 26, 2026, Cemex hosted its 2026 Analyst Day in Monterrey, where management unveiled its 2025–2027 business plan, Project Cutting Edge Sprint, and outlined medium-term financial and operational goals. The company targets annual sales growth of about 5% and EBITDA growth of about 10% for 2026–2027, expects its Free Cash Flow from Operations to EBITDA conversion to reach 47% by 2027, and projects a 170-basis-point improvement in return on invested capital versus 2025.
Cemex also stepped up its shareholder-return strategy, proposing a cash dividend of US$180 million for the upcoming shareholders’ meeting, roughly 40% higher than the prior year, and outlining plans to repurchase up to US$500 million of shares over three years, on top of more than US$100 million already bought back. In line with a disciplined capital allocation and a focus on bolt-on deals in the U.S., Cemex agreed to acquire Omega Products International, a leading western U.S. stucco producer generating about US$23 million in annual EBITDA, reinforcing its U.S. aggregates and mortars platform and signaling continued expansion in value-added building materials.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 26, 2026, Cemex filed a Form 6-K with the U.S. Securities and Exchange Commission providing investors with a presentation for its Cemex Day 2026 event. The filing, signed by Chief Comptroller Jaime Martinez Merla, formally places the Cemex Day 2026 CEO presentation into the public record, reinforcing the company’s ongoing engagement with global capital markets and its compliance with cross-border disclosure standards for foreign private issuers.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 25, 2026, Cemex informed Mexican securities regulators and the Mexican Stock Exchange that it has published extensive materials for its Ordinary General Shareholders Meeting scheduled for March 26, 2026. The documentation includes 2025 audited consolidated and separate financial statements, multiple board and committee reports, a report on accounting policies and tax status, and the chairman’s and sustainability committee’s reports, offering investors a broad view of governance and performance.
Cemex also disclosed proposals to be voted on at the March 26, 2026 meeting, including profit allocation for 2025 with a proposed cash dividend, authorization of a maximum fund for share repurchases, and appointments and compensation for the board and key board committees. By making these materials and proposals available on its website in advance, the company is signaling transparency in its corporate governance and giving shareholders time to assess financial results, capital allocation plans, and leadership structure ahead of the vote.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 26, 2026, Cemex announced an agreement to acquire all assets of Omega Products International, a leading stucco manufacturer in the western U.S. that generates about US$23 million in annual EBITDA. Omega serves residential and commercial markets from four plants in California, Nevada and Colorado, offering a broad product portfolio and operational synergies with Cemex’s existing U.S. footprint.
The deal bolsters Cemex’s position in the fast-growing U.S. mortars segment and diversifies its performance materials offering, as stucco supports efficiency, energy savings and building durability in construction. Management highlighted that the transaction meets Cemex’s return and free cash flow criteria with an expected post‑synergy multiple below 7x, underlining disciplined capital allocation and a push to expand U.S. operations and strengthen ties across the construction value chain.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 25, 2026, Cemex filed its Form 6-K announcing that its consolidated and separate financial statements for the years ended December 31, 2025, 2024, and 2023 are being submitted for shareholder approval at an Ordinary General Shareholders’ Meeting scheduled for March 26, 2026. The audited consolidated accounts, prepared under IFRS and reviewed by KPMG, highlight key audit areas including a $307 million goodwill impairment in the U.S. cash-generating units and the assessment of impairment indicators for a Colombian cement plant that is subject to ongoing legal proceedings, underscoring material judgment areas in the company’s asset valuations.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 24, 2026, Cemex repurchased 10,000,000 of its Ordinary Participation Certificates on the market at a weighted-average price of MXN$21.7306 per CPO, for a total of MXN$217.3 million, or about U.S.$12.6 million at the prevailing exchange rate. The transaction, executed through Citi México Casa de Bolsa under a shareholder-approved buyback program dating from March 25, 2025, underscores ongoing capital management efforts and will require Cemex to continue disclosing any future repurchases in line with Mexican securities regulations.
The buyback signals Cemex’s readiness to deploy cash to reduce free float and potentially enhance per-share metrics, a move that may be seen by investors as a vote of confidence in the company’s valuation. By committing to prompt public disclosure of subsequent repurchases, Cemex also reinforces transparency for shareholders and bondholders following its latest capital markets activity in Mexico.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 23, 2026, Cemex repurchased 10,000,000 Ordinary Participation Certificates on the Mexican market at a weighted-average price of MXN$21.5764 per CPO, for a total of MXN$215.8 million, or about U.S.$12.6 million at the Central Bank of Mexico’s reference exchange rate. The buyback, executed through Citi México Casa de Bolsa under a shareholder-approved program from March 25, 2025, underscores Cemex’s ongoing capital management efforts, with the company noting that any further repurchases will be disclosed by the end of the next business day in line with Mexican regulations.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 20, 2026, Cemex, S.A.B. de C.V. repurchased 5,000,000 Ordinary Participation Certificates at a weighted-average price of MXN$21.8752 per CPO, for a total of MXN$109.376 million, or about U.S.$6.3 million at the Central Bank of Mexico’s reference exchange rate. The buyback, executed through Citi México Casa de Bolsa under a shareholder-approved program from March 25, 2025, reflects ongoing capital management efforts, with the company stating that any further repurchases will be disclosed by the close of the following business day in line with Mexican regulations.
The transaction underscores Cemex’s use of its authorized share buyback program as a tool to manage its equity base and potentially signal confidence in its valuation. For investors and other stakeholders, the move may be seen as a targeted deployment of liquidity that could influence earnings per share and float, while reinforcing the company’s adherence to transparency requirements in its home market.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 19, 2026, Cemex repurchased 3.1 million Ordinary Participation Certificates on the Mexican market at a weighted-average price of MXN$21.9205 per CPO, for a total of MXN$67.95 million, or about U.S.$3.96 million at the Central Bank of Mexico’s reference exchange rate. The buyback, executed through Citi México Casa de Bolsa under a program approved by shareholders on March 25, 2025, underscores ongoing capital management efforts, with the company stating that any further repurchases will be disclosed by the end of the next business day in line with Mexican regulations.
The transaction signals Cemex’s continued use of its authorized share repurchase program as a tool to manage its equity base and potentially enhance shareholder value. By committing to prompt disclosure of any additional buybacks, Cemex also reinforces transparency for investors and compliance with local securities market rules, which may support market confidence in its governance practices.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 19, 2026, Cemex closed a 5.5 billion Mexican peso (approximately US$320 million) offering of long-term notes in the Mexican market. The company plans to use the net proceeds for general corporate purposes, including debt repayment, in a move that supports balance-sheet management and financial flexibility.
The issuance, targeted exclusively to non-U.S., non-Canadian, and non-European investors, underscores Cemex’s reliance on local and international capital markets outside those jurisdictions. By bolstering liquidity and enabling potential deleveraging, the transaction may strengthen Cemex’s capital structure and help sustain its competitive position in the cyclical construction materials industry.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 18, 2026, Cemex repurchased 5,050,000 Ordinary Participation Certificates (CPOs) on the Mexican market at a weighted-average price of MXN$21.8158 per CPO, for a total of MXN$110.17 million, or about U.S.$6.41 million at the prevailing exchange rate. The transaction, executed through Casa de Bolsa BBVA México under a shareholder-approved buyback program from March 25, 2025, underscores Cemex’s ongoing capital management efforts and may signal confidence in its valuation while committing to disclose any future repurchases in line with Mexican regulations.
The company’s decision to continue operating under the existing share buyback framework reflects an emphasis on shareholder returns and balance-sheet optimization. By actively repurchasing CPOs and pledging timely disclosure of subsequent operations, Cemex maintains transparency with investors and reinforces its positioning as a disciplined issuer in the Mexican capital market.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 17, 2026, Cemex repurchased 3.2 million Ordinary Participation Certificates on the Mexican market at a weighted-average price of MXN$21.6032 per CPO under its shareholder-approved buyback program. The transaction totaled MXN$69.1 million, or about U.S.$4.0 million based on the Central Bank of Mexico’s exchange rate, and was executed through Casa de Bolsa BBVA México.
The move reflects Cemex’s ongoing capital management strategy, potentially supporting its share price and signaling confidence in its valuation to investors. Cemex noted that any additional buybacks under the program will be disclosed by the end of the business day following execution, in line with Mexican securities regulations, providing transparency for market participants.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 16, 2026, Cemex repurchased 653,711 Ordinary Participation Certificates (CPOs) at a weighted-average price of MXN$21.6098 per CPO under its previously approved share buyback program. The transaction totaled MXN$14.1 million, or about U.S.$822,000, and was executed through Casa de Bolsa BBVA México, signaling ongoing capital management efforts that may support share liquidity and capital structure optimization.
Cemex stated that, in line with Mexican regulations, any further repurchases under this program will be disclosed no later than the close of the next business day after they occur. This framework provides continuing transparency for investors and other stakeholders regarding the company’s execution of its authorized buyback strategy and its potential impact on outstanding equity.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 17, 2026, Cemex announced it had successfully priced a new issuance of long-term notes in the Mexican market totaling 5.5 billion pesos, or about US$320 million. The securities carry a five-year tenor at a floating rate equal to TIIE de Fondeo plus 0.70% and are guaranteed by several key Cemex subsidiaries.
Cemex plans to use the net proceeds for general corporate purposes, including debt repayment, signaling an ongoing effort to optimize its capital structure and manage refinancing needs. The transaction underscores the company’s continued access to local capital markets and may support balance-sheet flexibility for future operational and strategic initiatives.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 13, 2026, Cemex, S.A.B. de C.V. repurchased 6.5 million Ordinary Participation Certificates (CPOs) on the open market at a weighted-average price of MXN$21.3768 per CPO under its shareholder-approved buyback program from March 25, 2025. The transaction, executed through Casa de Bolsa BBVA México, represented a total outlay of MXN$138.95 million, or about US$8.1 million, and underscores the company’s ongoing capital management efforts, with Cemex noting that any subsequent buybacks will be disclosed by the close of the next business day in line with Mexican regulations.
The move signals continued confidence by Cemex’s management in the company’s valuation and provides incremental support to its share price, potentially enhancing earnings per share over time. For investors, the activity highlights Cemex’s willingness to return capital through repurchases while operating within strict disclosure rules, which may bolster transparency and market trust in its financial policies.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 12, 2026, Cemex, S.A.B. de C.V. repurchased 8 million Ordinary Participation Certificates on the Mexican market at a weighted-average price of MXN$21.7566 per CPO, for a total of MXN$174.1 million, or about U.S.$10.1 million at the prevailing exchange rate. The transaction, executed through Casa de Bolsa BBVA México under a shareholder-approved buyback program from March 25, 2025, underscores Cemex’s ongoing use of share repurchases as a capital allocation tool, with the company pledging to disclose any future buybacks in line with Mexican regulatory requirements.
The buyback may signal confidence in Cemex’s valuation and financial position while modestly enhancing earnings per share for remaining investors. Ongoing disclosure of additional repurchases, as required by Mexican law, will allow shareholders and market participants to monitor the pace and scale of the company’s capital return strategy.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 12, 2026, Cemex announced it will host its Cemex Day 2026 live audio webcast for investors and analysts on February 26, 2026, starting at 9:00 a.m. Eastern Time. The event will feature senior management presentations on the company’s growth strategy, financial strategy, U.S. aggregates business, and the European decarbonization landscape, followed by a Q&A session.
The company noted that the preliminary agenda is subject to change and that related presentation materials are expected to be filed with Mexican and U.S. securities regulators ahead of the event. By spotlighting strategic growth priorities, capital plans, and its positioning on decarbonization and regulatory shifts in Europe, Cemex is using the event to deepen engagement with capital markets and clarify its operational and regional focus for stakeholders.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 11, 2026, Cemex repurchased 10,000,000 Ordinary Participation Certificates (CPOs) on the market at a weighted-average price of MXN$22.2407 per CPO under its shareholder-approved buyback program from March 25, 2025. The transaction, totaling MXN$222.4 million (about U.S.$12.9 million) and executed through Casa de Bolsa BBVA México, signals ongoing capital management efforts and commits the company to promptly disclose any future repurchases in line with Mexican regulations.
By continuing to execute on its Share Buyback Program, Cemex may enhance earnings per share and support its stock price, potentially benefiting existing shareholders. The requirement to announce additional buybacks by the end of the next business day provides investors with timely transparency into the company’s capital allocation actions and may influence market perceptions of Cemex’s financial strength and confidence in its long-term outlook.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 10, 2026, Cemex commenced activity under a previously approved stock repurchase program, buying 4,300,000 Ordinary Participation Certificates at a weighted-average price of MXN$22.2839 per CPO, for a total of about MXN$95.8 million (approximately U.S.$5.6 million). The buyback forms part of an authorization granted at the March 25, 2025 shareholders’ meeting, which allows repurchases of up to U.S.$500 million in shares or equivalent instruments through the next annual meeting scheduled for March 26, 2026.
Cemex has also reiterated its intention, as announced on February 5 and 6, 2026, to repurchase up to U.S.$500 million of its shares over the next three years, subject to shareholder approval and formalities, and its board has proposed that the March 26, 2026 meeting renew a U.S.$500 million repurchase capacity through at least April 30, 2027. The stepped-up capital return plan underscores management’s focus on shareholder value and capital structure management, with any additional repurchases to be disclosed in line with Mexican market regulations.
The most recent analyst rating on (CX) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 6, 2026, Cemex, S.A.B. de C.V. convened an Ordinary General Shareholders’ Meeting for March 26, 2026, in Monterrey, Mexico, setting an agenda centered on reviewing and approving the 2025 financial and management reports, including audited financial statements, as well as reports from key oversight committees covering audit, corporate practices and finance, and sustainability, climate action, social impact, and diversity. Shareholders will also vote on the allocation of 2025 profits, including a proposed cash dividend, set a cap for the company’s share repurchase fund, appoint or reaffirm individual members and officers of the Board of Directors and its main committees, determine their compensation, and designate individuals to formalize the meeting’s resolutions, with detailed admission, registration, and shareholder eligibility requirements underscoring Cemex’s governance and ownership control framework.
The most recent analyst rating on (CX) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
On February 5, 2026, Cemex reported its fourth-quarter and full-year 2025 results, highlighting the impact of its ongoing transformation plan. Adjusted Free Cash Flow from operations rose 50% for 2025 with a 46% conversion rate, while operating EBITDA inched up 1% for the year, supported by US$200 million in recurring savings from Project Cutting Edge and a strong second half that delivered 17% EBITDA growth. Although fourth-quarter net income was hit by goodwill and asset impairments, full-year net income increased 2%, and would have climbed 41% to US$1.5 billion absent those charges, with double‑digit growth in fourth-quarter sales and EBITDA driven by a recovery in Mexico, record fourth-quarter EBITDA in the U.S., and solid EMEA performance. Reflecting improved cash generation and confidence in the plan, Cemex’s board is proposing an annual dividend about 40% higher than last year and plans to activate a share repurchase program of up to US$500 million over three years, while the company also advanced its decarbonization agenda, cutting gross CO₂ emissions by 2% in 2025 and reaching the European cement industry’s 2030 emissions target five years early in its European operations.
The most recent analyst rating on (CX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
Cemex announced it will release its fourth-quarter 2025 financial results on February 5, 2026, and will hold a conference call and live audio webcast that same day to discuss the figures with investors and analysts. The company indicated that all related materials are expected to be made available on its website and filed with regulators in Mexico and the United States ahead of the call, while also cautioning that the webcast could face unforeseen technical issues and reiterating that any information shared may include forward-looking statements subject to a wide range of operational, macroeconomic, regulatory, and market risks that could materially affect future results and guidance.
The most recent analyst rating on (CX) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.
Cemex announced the payment of the third installment of its cash dividend, totaling USD $32.5 million, as approved during its Ordinary General Shareholders’ Meeting on March 25, 2025. The dividend will be distributed to registered holders of Series A and B shares, CPOs, and ADSs as of December 15, 2025, with payments scheduled for December 16, 2025, in Mexican pesos and December 23, 2025, for ADS holders. This dividend, sourced from Cemex’s Net Tax Profit Account as of December 31, 2013, will not be subject to tax withholding, potentially benefiting shareholders by maximizing their returns.
The most recent analyst rating on (CX) stock is a Hold with a $11.25 price target. To see the full list of analyst forecasts on Cemex SAB stock, see the CX Stock Forecast page.