PAC · NYSE · Airlines, Airports & Air Services

Grupo Aeroportuario del Pacífico (ADR) (PAC)

Operates passenger-focused airport concessions across Pacific Mexico and Jamaica.

$208.15
vs last close+0.15 (+0.07%)
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Grupo Aeroportuario del Pacífico, S.A.B. de C.V.PAC
Industrials

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

CEORaúl Revuelta Musalem
ListedFeb 24, 2006
ExchangeNYSE
HeadquartersGuadalajara, Mexico
CountryMexico
Employees3,637
CIK0001347557
ISINUS4005061019

Market cap$10.80B
EPS (ttm)$12.08
P/E (ttm)17.22
ROE42.9%
P/B3.54
P/S5.59
Dividend yieldDiv yield4.24%
Beta0.85vs XLI 0.29

Price target$275.00+32.2%Average of 15 analysts
ConsensusBuy7 of 15 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 5, 2026Morgan StanleyUpgrade
Rating: UnderweightTarget:
Rating: Equal WeightTarget: $225
Aug 4, 2026Goldman SachsReiterate
Rating: Target: $175
Rating: BuyTarget: $275
Jul 20, 2026CitigroupUpgrade
Rating: Neutral
Rating: Buy
Jun 24, 2026Itau BBAUpgrade
Rating:
Rating: Outperform
May 5, 2026BradescoTarget
Target: $260
Target: $285

Next report
Oct 19, 26
in 27 days
EPS estimate
$2.95
Revenue estimate
$670.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Oct '24Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$2.08$2.72$2.70$2.86$1.97$3.63$2.80Pending
Estimate$2.50$3.13$2.75$2.96$3.13$3.54$3.10$2.95
Surprise−16.8%−13.1%−1.8%−3.4%−37.1%+2.5%−9.7%

RevenueReportedEstimate

Oct '24Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$427.1M$536.1M$583.9M$520.4M$574.1M$656.2M$648.7MPending
Estimate$452.6M$536.9M$586.4M$665.1M$584.7M$570.2M$732.3M$670.8M
Surprise−5.6%−0.2%−0.4%−21.8%−1.8%+15.1%−11.4%
Estimate$2.95
ReportedDue Oct 19, 2026
Estimate$670.8M
ReportedDue Oct 19, 2026
View details

Debt to equity124.70%
Current ratio83.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$475.8M$161.5M$638.9M$628.9M$553.4M$58.5M$657.1M$654.9M
Net income$114.6M$120.0M$165.2M$153.4M$155.8M$124.3M$191.4M$160.8M
Net margin24.1%74.3%25.9%24.4%28.2%212.5%29.1%24.6%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$215.0M$221.5M$271.4M$264.6M$239.8M$240.2M$291.4M$293.4M
YoY growth+1.9%+11.0%+17.8%+30.4%+11.5%+8.4%+7.4%+10.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.14B · Total debt $3.79B · Total assets $8.11B · Shareholders' equity $3.04B

Revenue
$654.9M
Operating income
$293.4M
Net income
$160.8M

Reported in MXN, converted at the latest exchange rate

View details

Dividend yield
4.24%
Next ex-date
Annual dividend
$8.82
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yield

May '23Jul '23Oct '23Dec '23Jul '24Nov '24May '25Aug '25
Dividend$2.0894$2.1907$2.1322$2.1589$3.7426$3.3665$4.3362$4.4815
Annual yield3.13%6.26%7.22%2.91%3.61%3.84%3.42%6.51%
Ex-dateMay 16Jul 11Oct 10Dec 13Jul 22Nov 25May 27Aug 13
Payment dateMay 30Jul 24Oct 23Dec 26Aug 2Dec 6Jun 9Aug 25
View details

Institutions≥ 16.69%8.66M ADS
189 holders · as of Jun 30, 2026
Insiders0.02%8.6K ADS
5 holders · as of Mar 17, 2026
Other≤ 83.29%43.25M ADS
remainder

51.92M ADS (1 ADS = 10 ordinary shares) as of Sep 15, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

Institutional filings for GAP B (848% of the company) are not on file here, so the institutional figure is a floor.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
4.19%2.17M B ADSas of Jun 30, 2026
Lazard Asset Management LLCInstitution
2.26%1.17M B ADSas of Jun 30, 2026
Price T Rowe Associates Inc /MD/Institution
1.42%736,170 B ADSas of Jun 30, 2026
Ashoka Whiteoak Capital Pte LtdInstitution
1.11%575,040 B ADSas of Jun 30, 2026
State Street CorpInstitution
0.97%504,626 B ADSas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Compare

CompanyPriceChange
Grupo Aeroportuario del Pacífico (ADR)$208.15+0.07%$10.80B17.220.95.6+11.1%
Grupo Aeroportuario del Sureste (ADR)$245.01−0.02%$7.35B12.714.23.3+17.3%
OMA (ADR)$102.83+3.28%$4.81B15.316.25.1+9.7%
Corporación América Airports$24.20+0.04%$3.95B14.29.52.0+12.0%
Median14.214.23.3+12.0%