Grupo Aeroportuario Centro Norte

OMAB

Market cap $5.08B

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.

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.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q1 2026 Earnings Call Transcript

Airports in Mexico are likely to see increased traffic from tourism and industrial development. Grupo Aeroportuario del Pacifico has a mix of tourist and manufacturing hubs.

Grupo Aeroportuario del Centro Norte is my current favorite among the Mexican airport operators. OMAB continues to benefit from nearshoring trends favoring its business-focused airports. The company is on pace for a solid 2026, and the valuation is undemanding at the current entry point.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q4 2025 Earnings Call Transcript

Here is how Grupo Aeroportuario del Centro Norte (OMAB) and Southwest Airlines (LUV) have performed compared to their sector so far this year.

Here is how Grupo Aeroportuario del Centro Norte (OMAB) and ZTO Express (Cayman) Inc. (ZTO) have performed compared to their sector so far this year.

Passenger traffic rose 7.7% YoY to 7.6 million, led by Monterrey's 14% growth and new international routes, confirming Grupo Aeroportuario del Centro Norte's position as Mexico's most dynamic hub. Adjusted EBITDA increased 9% YoY to MX$2.65 B with a 74.8% margin (77.9% ex-tax), showing its remarkable ability to turn revenue into sustainable cash flow. Net income grew 9.1% YoY while operating cash flow rose 10.7%, lifting cash reserves to MX$4.45 B and supporting continued investment without adding leverage.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q3 2025 Earnings Call October 24, 2025 12:00 PM EDT Company Participants Emmanuel Camacho - Investor Relations Officer Ricardo Duenas - Chief Executive Officer Ruffo Pérez del Castillo - Chief Financial Officer Conference Call Participants Pablo Ricalde Martinez - Itaú Corretora de Valores S.A.