Grupo Aeroportuario del Pacífico (ADR)
Operates passenger-focused airport concessions across Pacific Mexico and Jamaica.
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Profile
Runs airport concessions across Mexico and Jamaica, collecting regulated airline and passenger charges alongside commercial income from retail leasing, parking, and advertising. Traffic volumes and mandated capital programs shape results across a network spanning domestic, cross-border, and tourism markets.
Operates a concession-based airport network spanning Pacific and Central Mexico plus Montego Bay and Kingston in Jamaica. Aeronautical services collect charges from passengers and airlines, while commercial activities generate rent and fees from retail, restaurants, parking, and advertising.
The portfolio combines large-city gateways at Guadalajara and Tijuana, Mexican resort airports, and Jamaican international airports, creating exposure to domestic, cross-border, and tourism traffic. Execution centers on required capital programs and commercial use of airport space.
Government concessions define operating terms, mandated investment, and regulated maximum aeronautical rates. Revenue depends on passenger and cargo volumes; closures and travel disruptions also affect retail, parking, and advertising activity.
Company facts
Categories
Key statistics
Year to date −20.9% · Average volume (30d) 135.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | Morgan Stanley | Upgrade | Underweight | Equal Weight | $225 | |
| Aug 4, 2026 | Goldman Sachs | Reiterate | Buy | $175 | $275 | |
| Jul 20, 2026 | Citigroup | Upgrade | Neutral | Buy | ||
| Jun 24, 2026 | Itau BBA | Upgrade | Outperform | |||
| May 5, 2026 | Bradesco | Target | $260 | $285 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 14, 2026Q2 FY26 | $3.10 | $2.80 | −9.7% | $732.3M | $648.7M | −11.4% | +0.82% |
| Apr 20, 2026Q1 FY26 | $3.54 | $3.63 | +2.5% | $570.0M | $656.2M | +15.1% | +3.11% |
| Feb 23, 2026Q4 FY25 | $3.13 | $1.97 | −37.1% | $584.7M | $574.1M | −1.8% | −5.26% |
| Oct 20, 2025Q3 FY25 | $2.96 | $2.86 | −3.4% | $665.1M | $520.4M | −21.8% | −4.33% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $649.0M | $638.9M | $562.2M | $59.4M | $667.5M | $665.3M | |
| Gross profit | $350.8M | $338.1M | $313.1M | −$378.7M | $369.2M | $345.5M | |
| Operating income | $275.7M | $268.8M | $243.6M | $244.0M | $296.1M | $298.1M | |
| Net income | $167.8M | $155.9M | $158.3M | $126.3M | $194.4M | $163.3M | |
| Diluted EPS | $3.32 | $3.09 | $3.14 | $2.50 | $3.85 | $2.75 | |
| Gross margin | 54.1% | 52.9% | 55.7% | -637.3% | 55.3% | 51.9% | |
| Operating margin | 42.5% | 42.1% | 43.3% | 410.6% | 44.4% | 44.8% |
Fiscal years (4-quarter sums)FY21 $1.11B · FY22 $1.61B · FY23 $1.49B · FY24 $1.57B · FY25 $1.91B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.16B · Total debt $3.86B · Total assets $8.24B · Shareholders' equity $3.09B
Dividends
Last raised to $4.4815 from $4.3362 in Aug 2025.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2025 | Aug 13 | Aug 25 | $4.4815 | raised from $4.3362 |
| May 27, 2025 | May 27 | Jun 9 | $4.3362 | raised from $3.3665 |
| Nov 25, 2024 | Nov 25 | Dec 6 | $3.3665 | cut from $3.7426 |
| Jul 22, 2024 | Jul 22 | Aug 2 | $3.7426 | raised from $2.1589 |
| Dec 13, 2023 | Dec 14 | Dec 26 | $2.1589 | raised from $2.1322 |
| Oct 10, 2023 | Oct 11 | Oct 23 | $2.1322 | cut from $2.1907 |
| Jul 11, 2023 | Jul 12 | Jul 24 | $2.1907 | raised from $2.0894 |
| May 16, 2023 | May 17 | May 30 | $2.0894 | cut from $3.6902 |
Ownership
Shares outstanding 51.92M · Float 42.94M · 82.7% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.17M | 4.19% | 13F | Aug 7, 2026 |
| Lazard Asset Management LLC | 1.17M | 2.26% | 13F | Aug 14, 2026 |
| Price T Rowe Associates Inc /MD/ | 736.2K | 1.42% | 13F | Aug 14, 2026 |
| Ashoka Whiteoak Capital Pte Ltd | 575.0K | 1.11% | 13F | Aug 7, 2026 |
| State Street Corp | 504.6K | 0.97% | 13F | Aug 7, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Grupo Aeroportuario del Sureste (ADR)
Airport-concession peer across Mexico and Caribbean tourism gateways
- OMA (ADR)
Mexican airport-concession peer spanning routes and terminal commerce
- Corporación América Airports
Airport concession peer across Latin America and international travel hubs
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Grupo Aeroportuario del Pacífico (ADR) | $207.56 | +0.15% | $10.78B | 17.0 | 20.0 | 4.3 | +11.1% |
| Grupo Aeroportuario del Sureste (ADR) | $258.06 | +0.34% | $7.73B | 13.2 | 14.2 | 3.4 | +17.3% |
| OMA (ADR) | $100.66 | +0.08% | $4.86B | 15.3 | 15.3 | 5.1 | +9.7% |
| Corporación América Airports | $24.01 | −0.54% | $3.93B | 14.2 | 8.7 | 2.0 | +12.0% |
| Median | 14.2 | 14.2 | 3.4 | +12.0% |





