OMAB
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
OMAB's fundamentals are mixed: it turned 32% of its revenue into free cash flow, but its operating margin fell 3 points to 53%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
OMAB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
OMAB's revenue, profitability, cash flow and balance sheet are all currently healthy.
OMAB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $81.01 | -26% |
| Fair | 18x | $107 | -2.8% |
| Current | 18x | $110 | — |
| Expensive | 26x | $156 | +42% |
Historical ranges are pointers, not guarantees.
OMAB's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
OMAB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for OMAB, with profitability improving.
OMAB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $6.05 | +3.1% |
| Q2 2026 | $6.01 | +3.4% |
| Q1 2026 | $5.81 | -1.5% |
| Q4 2025 | $5.84 | +3.4% |
| Q3 2025 | $5.87 | +3.7% |
| Q2 2025 | $5.81 | +2.5% |
| Q1 2025 | $5.90 | +6.9% |
| Q4 2024 | $5.65 | +2.5% |
OMAB earned $6.05 per share over the past year, up 3.1% from the year before.
OMAB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $257M | +22% |
| Q2 2026 | $239.7M | +2.6% |
| Q1 2026 | $204.8M | +6.9% |
| Q4 2025 | $220.7M | 0% |
| Q3 2025 | $210.8M | +6.1% |
| Q2 2025 | $233.6M | +24% |
| Q1 2025 | $191.5M | -5% |
| Q4 2024 | $220.8M | +11% |
OMAB's revenue is growing: $257M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 53% | -7.8 points |
| Q2 2026 | 53% | +0.8 points |
| Q1 2026 | 55% | -4.6 points |
| Q4 2025 | 52% | -1.3 points |
| Q3 2025 | 61% | +2.6 points |
| Q2 2025 | 53% | +108 points |
| Q1 2025 | 59% | +11 points |
| Q4 2024 | 53% | -0.6 points |
OMAB's operating margin was 53% last quarter, down 7.8 points from the same quarter a year ago.
OMAB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $104.5M | +39% |
| Q2 2026 | $49.4M | -24% |
| Q1 2026 | $47.6M | -19% |
| Q4 2025 | $95.4M | +0.1% |
| Q3 2025 | $75M | +38% |
| Q2 2025 | $65.1M | +33% |
| Q1 2025 | $58.7M | +6.4% |
| Q4 2024 | $95.3M | +6.4% |
OMAB generated $297M in free cash flow over the past year, about the same as the year before.
OMAB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | -1% | -493K shares |
| Available history | -1.3% | -641K shares |
OMAB has 48M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $131,992 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
OMAB has spent almost nothing on buybacks in the past year.
OMAB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.1x | Healthy |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 1.1x | Healthy |
OMAB's net debt is about 1.1 years of its operating earnings (EBITDA), up from less than a year a year ago.
OMAB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.5 | Neutral |
| Stochastic | 79.8 | Neutral |
OMAB's weekly RSI is 56 (neutral) and its Stochastic is 80 (neutral).
OMAB PE vs Industrials Sector
| Metric | OMAB | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 25% below |
| PE % | 58 | 58 | Same percentile |
OMAB is trading at 18x earnings, a 25% discount to the Industrials sector's median of 24x, though its earnings don't support one.
OMAB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $100.0 | 9.8% above |
| 20 week MA | $102.4 | 7.2% above |
| 50 week MA | $108.0 | 1.6% above |
| 100 week MA | $101.0 | 8.7% above |
| 200 week MA | $88.9 | 23% above |
OMAB is in an uptrend: it's above all five of its weekly moving averages, and 23% above its 200-week average.
OMAB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $60.9 | $51.1 | -16% |
| 2021 | $51.1 | $53.0 | +3.6% |
| 2022 | $53.0 | $65.6 | +24% |
| 2023 | $65.6 | $84.6 | +29% |
| 2024 | $84.6 | $69.6 | -18% |
| 2025 | $69.6 | $112.8 | +62% |
| 2026 YTD | $112.8 | $109.8 | -2.7% |
OMAB has finished higher in four of the last six years. It's down 2.7% so far in 2026.