In this article, we will discuss the 10 Best Mexican Stocks to Invest In.
Mexico is not just the USA’s southern neighbor but also a major trade partner. And even beyond that, the country has often provided an alternative source of investment income for those who wish to venture outside Wall Street. In fact, Franklin Templeton believes there isn’t a better time than today to invest in Mexico. In a report published in October 2025 and titled “Couldn’t Be Better! The Best Year for Mexican Assets,” the investment firm declared that the year 2025 “is shaping up to be an exceptional year and a reminder that peso-denominated assets have been by far a better alternative than the dollar.”
Vanguard’s senior economist, Adam Schickling, also thinks favorably of Mexico. According to him, although Mexico’s economy is walking a fine line, it enjoys massive support from exports and policy. For starters, Schickling noted in an analysis published on November 11, “Mexico’s economy has demonstrated resilience in 2025 despite considerable trade uncertainty with the United States.” He stated that nearshoring trends – mainly in the United States – are “reinforcing Mexico’s role as a key North American manufacturing hub.”
In fact, Antonio Tejedo, VP of Investor Relations at Grupo Traxion, noted that the nearshoring phenomenon has been a paradigm shift for Mexico. “The country concentrates 72% of nearshoring in Latin America, with manufacturing, services, and technology experiencing significant reconfigurations to cope with current and future needs,” he stated in an interview with Mexico Business News on October 1, 2025.
According to Tejedo, many sectors are projected to benefit from the nearshoring phenomenon, including petrochemicals, energy, pharmaceuticals, medical devices, semiconductors, and automotive. And with that backdrop, here are some of the best stocks to invest in, which may capture some of that upside.
Source:Pixabay
Our Methodology
To create our list of the 10 Best Mexican Stocks to Invest In, we utilized the Finviz stock screener and other well-known sites to make an initial pool of Mexican companies trading on US stock exchanges. We filtered for companies with positive upside potential as of November 21 and then focused on the names with considerable institutional backing – for this, we relied on hedge fund data from Insider Monkey’s Q2 2025 database. The final ranking is presented in ascending order based on the stock’s upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Best Mexican Stocks to Invest In
10. CEMEX, S.A.B. de C.V. (NYSE:CX)
Number of Hedge Fund Holders: 18
Stock Upside Potential: 3.82%
CEMEX, S.A.B. de C.V. (NYSE:CX) is one of the best Mexican stocks to invest in. On November 18, Goldman Sachs’ Jorel Guilloty reaffirmed his Buy rating on CEMEX, S.A.B. de C.V. (NYSE:CX) with an $11.50 price target.
The analyst action followed CEMEX’s Q3 2025 results, which came out the same day. During the quarter, CEMEX managed $4.25 billion in consolidated net sales, a 2% rise from Q3 2024. Also, this marked the first quarterly net sales growth since Q1 2024, which management stated was supported by improving regional dynamics in EMEA, South/Central America & the Caribbean, and by positive trends in Mexico and the US. But the star of the quarter was consolidated EBITDA, which jumped by 19% year over year to reach $882 million. The EBITDA margin expanded by 2.5% year-over-year, to 20.8%, which is the best third-quarter margin achieved since 2020.
In its outlook, CEMEX maintained flat EBITDA guidance for full-year 2025, aiming for free cash flow conversion rates of 45% in 2026 and 50% by 2027. Management cited expected demand growth in Mexico (2.5–3% in 2026) and potential price increases for Europe and the US to offset inflation.
CEMEX, S.A.B. de C.V. (NYSE:CX) is a leading global building materials company headquartered in Monterrey, Mexico. It specializes in cement, ready-mix concrete, and aggregates.
9. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)
Number of Hedge Fund Holders: 8
Stock Upside Potential: 7.25%
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is one of the best Mexican stocks to invest in. On November 14, JPMorgan’s Guilherme Mendes upgraded Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (GAP Airports) stock to Overweight from Neutral, and cut the price target to 460 Mexican pesos from 465 Mexican pesos. Mendes characterized GAP Airports as attractive on a valuation basis and highlighted that the recent share‑price performance and current multiples leave room for upside relative to the analyst’s fundamental view of the company.
Just seven days before this analyst action (on November 7), GAP Airports had reported preliminary terminal passenger traffic figures for October 2025. The report showed a total of 4.87 million passengers across all its airports, a 0.8% decrease from October 2024. For the January–October 2025 period, total terminal passengers reached 52.68 million, a 3.2% year-to-date increase compared with the same period in 2024. In other words, traffic grew over the full 10‑month period despite the slight decline in October.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is a Mexican airport operator headquartered in Guadalajara. The company operates 12 airports in central and northwestern Mexico and two in Jamaica. GAP is the largest airport operator in Mexico based on passenger traffic.
8. Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)
Number of Hedge Fund Holders: 18
Stock Upside Potential: 10.01%
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) is one of the best Mexican stocks to invest in. On November 3, Barclays lowered its price target for Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX), known as FEMSA, from $107 to $105 and maintained an Equal Weight rating.
In a different update, FEMSA reported Q3 2025 results on October 28, in which the 7 Mexican pesos EPS missed the analyst consensus estimate by 15.34. Revenue for the quarter was 214.64 billion Mexican pesos, coming in above the consensus forecast of 211.54 billion Mexican pesos. The revenue is 9.1% above that of Q3 2024, and management explained that the growth came on the back of increases across all business units, including favorable currency exchange rates and effects from mergers and acquisitions.
Net consolidated income in the quarter fell by 36.8% year-over-year, to 5.8 billion Mexican pesos. The decline was attributed to a non-cash foreign exchange loss of 1.3 billion Mexican pesos relating to the company’s US dollar-denominated cash position. In the same quarter last year, FEMSA recorded a foreign exchange gain of 4.3 billion Mexican pesos. The company also reported that it distributed dividends amounting to 11.8 billion Mexican pesos for the quarter.
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) is a multinational Mexican conglomerate that operates the largest independent Coca-Cola bottling group globally. It also owns OXXO, Mexico’s largest convenience store chain.
7. Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)
Number of Hedge Fund Holders: 2
Stock Upside Potential: 14.42%
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) is one of the best Mexican stocks to invest in. On November 20, Barclays analyst Pablo Monsivais reaffirmed his Buy rating on Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) and set a $40 price target.
Earlier on October 23, Corporación Inmobiliaria Vesta, S.A.B. de C.V. reported that Q3 2025 total revenues were $72.4 million, up 13.7% year over year in Q3 2024. Management attributed the increase mainly to $7.8 million of new revenue‑generating contracts and a $1.9 million favorable inflation impact on results.
Excluding energy income, the quarter’s revenues were $69.9 million, up 14.5% year over year. In other words, the core rental and related business drove most of the growth. Adjusted net operating income (Adjusted NOI) rose 14.7% year over year to $66.1 million, and the adjusted NOI margin was reported at 94.4%, about 16 basis points higher than a year earlier. As of September 30, 2025, the total value of Vesta’s investment property portfolio was $3.9 billion, up 5.9% at December 31, 2024.
Management highlighted strong leasing momentum and tenant demand as drivers of the revenue increase. They also noted that new contracts and inflation adjustments supported higher rental income during the quarter. Looking ahead, the management revised its full‑year 2025 guidance, now expecting an EBITDA margin of about 84.5% and revenue growth between 10% and 11% for the year.
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) is a fully-integrated industrial real estate company headquartered in Mexico City. The company acquires, develops, manages, and leases industrial buildings and distribution facilities across Mexico.
6. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)
Number of Hedge Fund Holders: 10
Stock Upside Potential: 20.21%
Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) is one of the best Mexican stocks to invest in. On November 12, UBS cut its price target for Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) from $113 to $109. The firm maintained a Buy rating for the stock.
In a different update, Coca‑Cola FEMSA reported its Q3 2025 results on November 4, with the quarter’s EPS of 28.10 Mexican pesos beating the analyst consensus estimate of 26.31 Mexican pesos. Quarterly revenue came in at 71.88 billion Mexican pesos, slightly above the 71.78 billion Mexican pesos consensus forecast. The revenue was also up 3.3% year-over-year, and management explained that this was driven mainly by “revenue management initiatives,” such as price and mix actions. This growth, the management stated, was partially offset by a slight decline in volumes, promotional activity, and negative currency effects from the Argentine peso and several Central American currencies.
Majority net income (net income attributable to equity holders of the company) for the quarter grew by 0.7% to 5.9 billion Mexican pesos, with management attributing this mainly to operating income growth. This growth was concentrated in the South America operations, where volumes increased 2.6% to 423 million unit cases, with revenue in the region up 8.7% to 29.4 billion Mexican pesos.
Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) is the world’s largest Coca-Cola bottler by sales volume, operating across Mexico, Central America, and South America. The company manufactures, markets, and distributes Coca-Cola trademark beverages.
5. Vista Energy, S.A.B. de C.V. (NYSE:VIST)
Number of Hedge Fund Holders: 21
Stock Upside Potential: 20.57%
Vista Energy, S.A.B. de C.V. (NYSE:VIST) is one of the best Mexican stocks to invest in. On November 14, JPMorgan reaffirmed its Buy rating for Vista Energy, S.A.B. de C.V. (NYSE:VIST) stock and kept the $68 price target on the shares.
Two days before the analyst action, Vista unveiled a long-term growth plan aiming to boost oil production by 50% by 2030. The company’s goal is to raise total output from about 114,000 barrels of oil equivalent per day (boe/d) in 2025 to more than 200,000 boe/d by 2030. By 2028, Vista targets production of approximately 180,000 boe/d and expects to generate about $2.8 billion in revenue. The firm projects cumulative free cash flow of $1.5 billion over 2026–2028, which it said will be supported by increased scale and operational efficiencies.
The plan includes accelerating drilling in Argentina’s Vaca Muerta shale formation, with up to 80–90 wells drilled per year. Annual capital expenditures are expected to be around $1.5 billion for the next three years, and management says acquisitions are not required to meet production targets.
Vista Energy, S.A.B. de C.V. (NYSE:VIST) is a Mexico-based independent oil and gas company. It focuses on the exploration and production of crude oil, natural gas, and LPG, with primary operations in both Mexico and Argentina. The company identifies, acquires, and develops oil and gas fields across Latin America.
4. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)
Number of Hedge Fund Holders: 10
Stock Upside Potential: 30.92%
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is one of the best Mexican stocks to invest in. On November 4, Jefferies maintained a Buy rating for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB), known as OMA, and kept the price target on the shares at $135.
Separately, OMA announced on November 10 that it will pay the second cash dividend installment for 2025 on November 27. This installment follows approval at the April 25 Annual Ordinary Shareholders’ Meeting. The total dividend approved for 2025 was 4.5 billion Mexican pesos, to be paid in two equal installments of 2.25 billion each; the first installment was paid on May 26, 2025. The second installment corresponds to 5.77 Mexican pesos per share, the same per‑share amount as the first installment, bringing the full‑year 2025 approved dividend to 11.54 per share.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is a leading airport operator in Mexico. It manages 13 airports across central and northern regions, including Monterrey, Acapulco, Mazatlán, and Chihuahua.
3. BBB Foods Inc. (NYSE:TBBB)
Number of Hedge Fund Holders: 22
Stock Upside Potential: 37.13%
BBB Foods Inc. (NYSE:TBBB) is one of the best Mexican stocks to invest in. On November 19, BBB Foods Inc. (NYSE:TBBB) reported a net loss of 1.42 billion Mexican pesos for Q3 2025, compared to a net profit of 258 million Mexican pesos in the same quarter last year. Management attributed the loss to increased share-based compensation costs.
Revenue for the quarter came in at 20.28 billion Mexican pesos (approximately $1.09 billion), up 36.7% year over year. But this figure slightly lagged revenue estimates, coming in 0.29% below analyst forecasts. The EPS was -$0.14, missing analyst expectations by $0.15 per share (a 1071.43% negative surprise).
Nonetheless, same-store sales grew 17.9% year over year, with management stating that most of the revenue growth came from stores open for more than a year. For that reason, gross profit for the quarter grew 39.8% year-over-year to 3.28 billion Mexican pesos. The executives stated that this particular improvement was supported by a 36 basis-point increase in gross margin.
According to K. Anthony Hatoum, the company’s Chairman and CEO, Q3 2025 was a “strong quarter” and that the performance underscores “the continued success of our strategy and disciplined execution.”
BBB Foods Inc. (NYSE:TBBB) operates Tiendas 3B, a hard discount grocery retailer in Mexico, with thousands of stores targeting low- and middle-income households. The company specializes in selling food, household items, and basic consumer goods at affordable prices.
2. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)
Number of Hedge Fund Holders: 9
Stock Upside Potential: 39.49%
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) is one of the best Mexican stocks to invest in. On November 5, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) released its preliminary traffic numbers for October. The airline posted a 1.1% increase in available seat miles, while revenue passenger miles slipped slightly by 0.6%. Domestic traffic was a bit softer, down 1.9%, but international traffic grew 1.4%. The overall load factor came in at 85.9%, about a point and a half lower than the same month last year. In total, Volaris carried 2.6 million passengers during October.
CEO Enrique Beltranena said the October data reflects solid travel sentiment, continued month-to-month improvements across the network, and steady demand within Mexico. He also added that cross-border bookings are recovering and are now tracking close to where they were a year ago.
In other news, Volaris held its Q3 2025 earnings call on October 28, where executives stated that the company’s total operating revenues for the quarter reached $784 million. This figure is 4% lower than the revenues in Q3 2024, and management linked the drop mainly to lower unit revenues (TRASM). Net income for the quarter was $6 million, compared with $37 million in Q3 2024, and earnings per American Depositary Share (ADS) were $0.05, versus $0.32 a year earlier.
Management explained that throughout 2025, Volaris reduced its planned capacity growth from around 15% to “nearly half that level.” This way, they were able to keep CASM ex‑fuel broadly in line with its original plan. They also emphasized that this more conservative capacity stance was aimed at matching supply to demand and managing costs while engines were out for inspections.
On guidance, the executives stated that they expect ASM growth for 2026 to be in the 6-8% range. They also project the EBITDA margin in the range of 32–33% for the full year 2025.
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS), operating as Volaris, is an ultra-low-cost carrier headquartered in Mexico City. The company operates approximately 550 daily flights on routes connecting 44 cities in Mexico, 23 in the United States, 4 in Central America, and 2 in South America.
1. Grupo Televisa, S.A.B. (NYSE:TV)
Number of Hedge Fund Holders: 9
Stock Upside Potential: 68.51%
Grupo Televisa, S.A.B. (NYSE:TV) is one of the best Mexican stocks to invest in. On November 6, Goldman Sachs lifted its price target on Grupo Televisa, S.A.B. (NYSE:TV) to $3 from $2.70, while maintaining a Neutral rating.
Earlier on October 24 Grupo Televisa reported its Q3 2025 results. Its quarterly sales reached 14.627 billion Mexican pesos, down 4.8% year over year. The quarter also saw a net loss of 1.932.5 billion Mexican pesos, compared with net income of 666.5 million Mexican pesos in the same quarter a year earlier. Management put this underperformance on higher income taxes and a decline in the share of income from associates and joint ventures.
The Sky pay‑TV segment reported a revenue decline of about 18.2% year over year in the quarter, and management identified this drop as a key factor behind the 4.8% total revenue decline for the group. Likewise, residential operations within the cable business generated 10.6 billion Mexican pesos in revenue, a decline of only 0.7% year over year. However, management described this performance as the “best quarter of the last 2 years” for the segment. And enterprise operations revenue in this segment reached approximately 1.1 billion Mexican pesos, increasing 7.7% year over year.
Grupo Televisa, S.A.B. (NYSE:TV) is a major Mexican telecommunications and media company headquartered in Mexico City. The company owns and operates cable companies and provides direct-to-home satellite pay television services in Mexico and internationally.
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