CEMEX (CX) Delivers 19% EBITDA Growth in Q3 2025, Analyst Sees Upside

Core Viewpoint - CEMEX, S.A.B. de C.V. is highlighted as a strong investment opportunity, with analysts reaffirming buy ratings and setting price targets above current levels [1][2]. Financial Performance - CEMEX reported Q3 2025 consolidated net sales of $4.25 billion, reflecting a 2% increase from Q3 2024, marking the first quarterly net sales growth since Q1 2024 [3]. - The company's consolidated EBITDA surged by 19% year-over-year to $882 million, with an EBITDA margin expansion of 2.5% year-over-year to 20.8%, the highest third-quarter margin since 2020 [3]. Future Outlook - CEMEX maintains flat EBITDA guidance for the full year 2025, with targets for free cash flow conversion rates of 45% in 2026 and 50% by 2027 [4]. - Management anticipates demand growth in Mexico of 2.5–3% in 2026 and potential price increases in Europe and the US to counter inflation [4].