Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

OMAB

$99.21

-0.85%

2026-09-03 16:00:00 EDT-$0.85

Industrials

Airlines, Airports & Air Services

NASDAQ

Active Trading

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., through its subsidiaries, possesses concessions for the development, operation, and upkeep of numerous airports ...

Price Action of OMAB

$99.21

-0.85%-$0.85

High—

Low—

52W High-24.3%

Rel. vol—

Interval

Range6.3h

Volume—SMA5SMA10

—

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV: OMA; NASDAQ: OMAB) is an airport infrastructure company focused on owning concession rights and operating airports in Mexico’s central and northern regions. The group manages a portfolio of 13 international airports, including Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, ...Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV: OMA; NASDAQ: OMAB) is an airport infrastructure company focused on owning concession rights and operating airports in Mexico’s central and northern regions. The group manages a portfolio of 13 international airports, including Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas. Through these concessions, OMAB operates and maintains airport facilities and delivers the day-to-day services that airlines and passengers rely on. From a business model perspective, the company’s revenue is typically split between (1) aeronautical activities and (2) non-aeronautical commercial activities. Aeronautical services include passenger-related operations (such as boarding and deplaning support and passenger walkway management), aircraft landing and parking/ground services, and airport security provisions. Supplemental services often include leasing or granting use of premises to airlines and performing supporting activities such as cargo handling and baggage screening, as well as managing certain ground transportation access rights. On the non-aeronautical side, OMAB generates income by leasing commercial spaces inside its airports to retailers, restaurants, and other businesses, and by administering parking facilities and advertising. The company also extends into adjacent real-estate and logistics-related initiatives—such as the management/leasing of industrial parks, real estate ventures, hotel operations, and air cargo logistics. These activities help diversify cash flows beyond passenger and airline volumes. Operationally, airport concessions are capital-intensive over the long term, so cost structures typically reflect maintenance and modernization of airport assets (runways, terminals, security and passenger flow infrastructure) alongside ongoing operating expenses. Capital expenditure (capex) requirements are therefore a key factor for financial performance, supported by a recurring revenue base tied to passenger throughput, commercial rentals, and airport services. Key management for the company includes CEO Ricardo Dueñas Espriu, who has served as CEO since November 2018. OMAB’s strategy also includes partnerships and development initiatives (for example, industrial park development associated with the Monterrey airport). Overall, the company’s “infrastructure + commercial ecosystem” approach aims to improve utilization of airport facilities, expand revenue per passenger through concessions, and maintain the competitiveness of its airports through continuous investment.ExpandCollapse

Founded

1998

Employees

1267

CEO

Ricardo Duenas Espriu

Full Name

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Sector

Industrials

Industry

Airlines, Airports & Air Services

ROE

50.53%

Market Cap

$4.79B

Current Ratio

0.66

WACC

6.44%

ROIC

30.33%

Contact Information

https://www.oma.aero

52 81 8625 4300

Plaza Metrópoli Patriotismo, Piso 5, Mexico City, DF 03800

Key Metrics of OMAB

Snapshot

Latest / TTM · 6 periods

Market Cap

$4.79B

ROCE

39.8%

EV / EBITDA

9.20x

+5.7% YoY

FCF Yield

6.0%

-1.8% YoY

Cash Conversion Cycle

-13.6d

Current Ratio

0.66

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of OMAB

Profitability trend

Latest / TTM · 6 periods

Gross Margin

67.0%

Net Margin

33.2%

P/E Ratio

14.99x

n/a

Debt / Equity

1.57

n/a

Current Ratio

0.66

Dividend Yield

5.7%

Understanding

TTM —

Current ratio below 1.0

Calendar of OMAB

Upcoming

Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $129.07 · Revenue $17.67B · 2 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $151.54 · Revenue $19.66B · 3 analysts
Sep 30, 2028
Q3 FY2028 · Estimated results
Est. EPS $50.06 · Revenue $4.48B · 1 analysts
Dec 30, 2028
Q4 FY2028 · Estimated results
Est. EPS $45.76 · Revenue $4.49B · 1 analysts

Recent history

Jun 30, 2026
Q2 FY2026 · Results reported
EPS MXN 30.40 · Revenue MXN 4.47B
Jun 3, 2026
Dividend payment
$0.00 per share
May 26, 2026
Ex-dividend date
$0.00 per share
Mar 31, 2026
Q1 FY2026 · Results reported
EPS MXN 25.92 · Revenue MXN 3.82B
Dec 31, 2025
FY2025 · Annual results
EPS MXN 110.64 · Revenue MXN 15.96B
Sep 30, 2025
Q3 FY2025 · Results reported
EPS MXN 30.72 · Revenue MXN 3.93B

Financial Statements of OMAB

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$16.0B	+5.9%	+17.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$5.3B	+8.4%	+18.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+70.1%	+4.8%	-3.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+56.0%	+4.6%	-1.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+33.5%	+2.3%	+1.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$7.4B	+25.3%	+3.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+46.1%	+18.3%	-11.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	120.7%	+9.3%	+44.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.32x	+0.8%	-41.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$30.9B	+13.6%	-0.5%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	110.64 vs 119.43	-7.4%	30.40 vs 50.06	-39.3%
Revenue Surprise	$16.0B vs $16.5B	-3.4%	$4.5B vs $4.5B	-0.4%

Insider Transactions of OMAB

Acquisitions (A)

Since Mar 16, 2026

Disposals (D)

Since Mar 16, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Price
Mar 17, 2026	Garcia Cuellar Maria Regina	director:	—	—	—
Mar 16, 2026	Werner Martin	director:	—	—	—
Mar 16, 2026	Zacarias Ezzat Raful Raful	officer	—	—	—
Mar 16, 2026	Aizpuru Luis Igancio Solorzano	director:	—	—	—
Mar 16, 2026	Mathieu Olivier	director:	—	—	—

Earnings Call Transcript of OMAB

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Greetings. Welcome to OMA's Second Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. A Q&A session will follow the formal presentation. Please note this conference is being recorded. I will now turn the conference over to Emmanuel Camacho, Thank you. You may begin. Luis Emmanuel Camacho Thierry: Thank you, Leo, and hello, everyone. Thank you for standing by, and welcome to OMA's Second Quarter 2026 Earnings Conference Call. Thank you for joining us today as we discuss our company's performance and financial results for the past quarter. Joining us today are CEO, Ricardo Duenas; CFO, Ruffo Perez Pliego del Castillo. Please be reminded that certain statements made during the course of our discussion today may constitute forward-looking statements, which are based on current management expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including factors that may be beyond our control. And now I will turn the call over to Ricardo Duenas for his opening remarks. Ricardo Duenas Espriu: Thank you, Emmanuel. Good morning, everyone, and thank you for joining us today. This morning, Ruffo and I will review our quarterly operational and financial results and then we will be pleased to answer your questions. During the second quarter of 2026, OMA served 7.2 million passengers, an increase of 0.4% versus the second quarter of last year while available seat capacity decreased by 0.3%. Domestic passenger traffic grew by 0.6% as compared to the second quarter of 2025. Our San Luis Potosí Airport was the main contributor to domestic passenger traffic growth with increases on the routes to AIFA and Cancún Airports. These routes collectively added over 23,000 passengers during the quarter, representing 61% of the total domestic passenger growth. International passenger traffic decreased by 1.2% mainly driven by our Monterrey Airport with lower traffic on the Los Angeles, Dallas, Fort Worth, and San Antonio routes. In terms of growth by airline, Volaris, which accounted for 25% of our total passenger traffic in the quarter, recorded a 7% growth versus the second quarter of 2025 while Viva, which accounted for 50% of total passenger traffic, recorded a 2% decline. During the quarter, airlines opened 24 new routes across our airports, including 18 domestic and 6 international routes. This included the launch of Aeroméxico's new route to Paris in April as well as Iberia's new route to Madrid in June, marking the airline's first-ever operation in Monterrey. The Paris route generated more than 14,000 passengers during the quarter. Following its strong initial performance, the route was converted from a seasonal to a permanent year-round operation, further increasing Monterrey's connectivity with Europe. Turning to our financial performance. Aeronautical revenues increased 4% during the quarter mainly reflecting the tariff adjustment that became …

Leadership Team of OMAB

7 executives

Name	Title	Gender	Year Born	Status
Luis Emmanuel Camacho Thierry	Investor Relations Officer	Male	—	Active
Pierre Grosmaire	Chief Commercial Officer	Male	—	Active
Raful Ezzat Zacarias	Chief Operating Officer	Male	—	Active
Ruffo Perez Pliego del Castillo	Chief Financial Officer	Male	1976	Active
Adriana Diaz Galindo	General Counsel & Company Secretary	Female	1969	Active
Ricardo Duenas Espriu	Chief Executive Officer	Male	1980	Active
Yann Le Bihan	Chief Technical Officer	Male	—	Active

Recent News of OMAB

Seeking Alpha7/28/2026Neutral

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q2 2026 Earnings Call Transcript

MarketBeat7/28/2026Neutral

Grupo Aeroportuario del Centro Norte Q2 Earnings Call Highlights

Grupo Aeroportuario del Centro Norte NASDAQ: OMAB reported second-quarter 2026 passenger traffic of 7.2 million, up 0.4% from a year earlier, as growth in domestic travel offset a decline in international traffic. The airport operator said adjusted EBITDA rose 6.2% to MXN 2.7 billion, while consolidated net income increased 10.2% to MXN 1.5 billion.

Seeking Alpha6/20/2026Neutral

Grupo Aeroportuario del Centro Norte: A World Cup Host, And Broader Bullish Outlook

Mexican airport operators are in the news thanks to Mexico being a co-host of the World Cup. World Cup events will boost OMAB's Q2 2026 traffic, but this is a one-off; sustained growth is anchored in Mexico's industrial expansion and reshoring trends. Centro Norte trades at 15x forward earnings and just under 11x EV/EBITDA, with analysts projecting a return to low-teens revenue growth in 2027.

Zacks Investment Research6/16/2026Neutral

Strength Seen in Grupo Aeroportuario del Centro Norte (OMAB): Can Its 7.1% Jump Turn into More Strength?

Grupo Aeroportuario del Centro Norte (OMAB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Historical Employee Count of OMAB

Current

1,355

Change

+2.19%

Minimum

1,182

Maximum

1,355

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	1,355	20-F	Apr 30, 2026	View
Dec 31, 2024	1,326	20-F	Apr 29, 2025	View
Dec 31, 2023	1,270	20-F	Apr 29, 2024	View
Dec 31, 2022	1,256	20-F	Apr 28, 2023	View
Dec 31, 2021	1,182	20-F	Apr 29, 2022	View

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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.