Cemex stock: Cash flow nearly triples as Q3 margins widen
Published on 11/04/2026 at 15:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQ3 cash flow strengthens the case
- Mexico led regional EBITDA growth, while U.S. profitability declined.
- Asset sales and efficiency measures are expanding Cemex's financial flexibility.
- Management maintained its full-year EBITDA growth outlook.
Cemex stock traded at 0.97 euros on Lang & Schwarz at 15:34 CET on Wednesday, November 4, 2026. The latest report cited 0.96 euros at 12:36 CET, making the interval change 1.04 percent.
Cemex's third-quarter performance continues to be shaped by stronger cash generation, wider margins and efficiency gains under Project Cutting Edge. Cemnet reported that revenue rose 8 percent year over year to USD 4.59 billion in the third quarter, while operating EBITDA increased 12 percent to USD 990 million. The EBITDA margin widened to 21.6 percent from 20.8 percent.
Cash generation broadens flexibility
Operating free cash flow reached a third-quarter record of USD 723 million, up 34 percent from a year earlier. For the first nine months, operating free cash flow increased 194 percent to USD 1.4 billion. Management linked the improvement to higher EBITDA, lower maintenance capital expenditure, reduced interest costs, lower working-capital investment and proceeds from asset sales.
Cemex also reported progress on its asset-pruning program. The company completed the sale of ready-mix and recycled-concrete assets in the Atlanta region and entered exclusive negotiations with Vicat for selected ready-mix and aggregates assets in southeastern France. Completed and announced disposals since the program began exceed USD 200 million, according to Cemnet.
Regional performance remains uneven
Mexico was the strongest regional contributor during the quarter, with operating EBITDA rising 30 percent to USD 480 million as cement demand recovered and cost efficiencies took hold. In the United States, sales increased 5 percent, but operating EBITDA declined 4 percent to USD 259 million. EBITDA in Europe, the Middle East and Africa increased 4 percent to USD 257 million as pricing and efficiency gains offset higher energy costs.
Management said the quarter marked a fifth consecutive period of double-digit EBITDA and EBIT growth. It retained its full-year 2026 EBITDA growth outlook of 16 to 17 percent, while higher energy and maintenance costs are expected to pressure the fourth quarter.
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Cemex company facts
- Company: Cemex, S.A.B. de C.V.
- ISIN: MXP225611567
- Ticker: CX
- Primary listing: New York Stock Exchange
- Sector: Building materials
- Lang & Schwarz price: 0.97 euros at 15:34 CET on November 4, 2026
