Friday 6 November 2026
Export BLX’s income statement to Excel — free account
Bladex Inc.
Bladex Inc.’s revenue for fiscal 2025 (year ended December 2025) was $836.9 million, up 0.89% from fiscal 2024.
- Revenue
- +12.1%
- EPS
- +13.5%
- Free cash flow
- −117.1%
- Total debt
- +75.8%
Quarter to September 2026, against a year earlier
51.12
1.30
+2.61%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 259 | 245 | 209 | 291 | 188 | 158 | 351 | 712 | 829 | 837 | 867 | +13.9% | 375 | 413 | 459 | (18.1%) | |
| Gross margin, % | 64.94 | 56.55 | 28.76 | 43.65 | 52.91 | 65.83 | 47.45 | 37.37 | 36.61 | 40.58 | 42.67 | (24.4) pt | ||||||
| EBT | 87 | 82 | 11 | 86 | 64 | 63 | 92 | 166 | 206 | 227 | 242 | +11.2% | ||||||
| EBT margin, % | 33.65 | 33.53 | 5.33 | 29.54 | 33.83 | 39.60 | 26.20 | 23.33 | 24.82 | 27.11 | 27.91 | (6.5) pt | ||||||
| Net income | 87 | 82 | 11 | 86 | 64 | 63 | 92 | 166 | 206 | 227 | 234 | +11.2% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 6.62 | 6.22 | 5.28 | 7.36 | 4.74 | 4.08 | 9.68 | 19.52 | 22.58 | 22.53 | 23.06 | +14.6% | |||||
| Earnings | 2.23 | 2.09 | 0.28 | 2.17 | 1.60 | 1.62 | 2.54 | 4.55 | 5.60 | 6.11 | 6.26 | +11.9% | ||||||
| Cash flow | 21.22 | 18.22 | (4.39) | (2.34) | 31.46 | (22.47) | (21.20) | 29.11 | (3.34) | 21.00 | 0.00 | (0.1%) | ||||||
| Capex | (0.18) | (0.15) | (0.02) | (0.04) | (0.06) | (0.02) | (0.07) | (0.09) | (0.16) | (0.08) | 0.00 | (9.3%) | ||||||
| Free cash flow | 21.04 | 18.07 | (4.41) | (2.37) | 31.40 | (22.49) | (21.28) | 29.02 | (3.50) | 20.93 | 0.00 | (0.1%) | ||||||
| Book value | 25.87 | 26.53 | 25.13 | 25.68 | 26.17 | 25.56 | 29.46 | 33.00 | 36.40 | 45.19 | 47.62 | +6.4% | ||||||
| Shares, m | 39 | 39 | 40 | 40 | 40 | 39 | 36 | 36 | 37 | 37 | 37 | (0.6%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 13.44 | 13.06 | 61.79 | 9.81 | 9.83 | 10.18 | 6.43 | 5.47 | 6.35 | 7.30 | 8.08 | 14.4 | |||||
| P/S | 4.53 | 4.37 | 3.28 | 2.90 | 3.34 | 4.07 | 1.68 | 1.28 | 1.58 | 1.98 | 2.19 | 2.9 | ||||||
| P/B | 1.16 | 1.02 | 0.69 | 0.83 | 0.60 | 0.65 | 0.55 | 0.76 | 0.98 | 0.99 | 1.06 | 0.8 | ||||||
| EV/Sales | 6.84 | 10.27 | 11.17 | 9.33 | 7.12 | 17.02 | 10.72 | 4.51 | 4.50 | 4.50 | — | 8.6 | ||||||
| EV/FCF | 2.15 | 3.54 | (13.39) | (28.92) | 1.08 | (3.08) | (4.87) | 3.04 | (29.10) | 4.85 | — | (6.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 829 | 716 | (174) | (92) | 1,247 | (872) | (770) | 1,062 | (123) | 780 | (226) | (0.7%) | |||||
| Capex | (7) | (6) | (1) | (2) | (2) | (1) | (3) | (3) | (6) | (3) | (2) | (9.8%) | ||||||
| Free cash flow | 822 | 710 | (174) | (94) | 1,245 | (873) | (772) | 1,059 | (129) | 777 | (228) | (0.6%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 2,840 | 3,272 | 4,535 | 4,146 | 642 | 3,490 | 4,448 | 4,458 | 4,673 | 4,295 | 5,950 | +4.7% | |||||
| Net debt | 599 | 1,444 | 1,649 | 1,871 | 711 | 2,051 | 3,175 | 2,305 | 2,424 | 2,107 | 4,132 | +15.0% | ||||||
| Shareholders’ equity | 1,011 | 1,043 | 994 | 1,016 | 1,038 | 992 | 1,069 | 1,204 | 1,337 | 1,679 | 1,790 | +5.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 1.13 | 1.22 | 0.16 | 1.16 | 0.94 | 0.88 | 1.06 | 1.66 | 1.82 | 1.84 | 1.67 | +0.7 pt | |||||
| ROIC | 4.74 | 2.30 | 0.26 | 1.86 | 2.27 | 1.29 | 1.36 | 2.96 | 3.42 | 3.75 | 2.59 | (1.0) pt | ||||||
| ROE | 8.78 | 7.98 | 1.09 | 8.56 | 6.19 | 6.18 | 8.93 | 14.62 | 16.20 | 15.05 | 14.08 | +6.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 209 | 193 | 167 | 175 | 52 | 184 | 238 | 268 | 322 | 372 | — | +6.6% | |||||
| Revenue/emp, $m | 1.24 | 1.27 | 1.25 | 1.66 | 3.61 | 0.86 | 1.48 | 2.66 | 2.58 | 2.25 | — | +6.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Bladex Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BLX Bladex Inc. | $2.3B | 8.1× | 7.6× | +12.12% (above 0%: growing) | +13.49% (above 0%: growing) | −117.11% (below 0%: shrinking) | 42.29% | 0.00% | |
| GABC German American Bancorp, Inc. | $1.9B | 13.3× | 12.4× | +3.05% (above 0%: growing) | +21.43% (above 0%: growing) | +110.42% (above 0%: growing) | 78.75% | 0.00% | Compare |
| DCOM Dime Community Bancshares, Inc. | $1.9B | 13.8× | 12.4× | +5.20% (above 0%: growing) | +52.54% (above 0%: growing) | +106.33% (above 0%: growing) | 68.53% | 0.00% | Compare |
| FSUN FirstSun Capital Bancorp | $1.8B | 19.8× | 19.8× | +88.18% (above 0%: growing) | n/m | +8,383.96% (above 0%: growing) | 67.96% | 0.00% | Compare |
| STBA S&T Bancorp, Inc. | $1.8B | 12.8× | 12.3× | +0.71% (above 0%: growing) | +19.78% (above 0%: growing) | −0.50% (below 0%: shrinking) | 73.62% | 0.00% | Compare |
| BY Byline Bancorp, Inc. | $1.7B | 11.5× | 11.0× | +1.37% (above 0%: growing) | +36.36% (above 0%: growing) | −32.50% (below 0%: shrinking) | 73.03% | 0.00% | Compare |
| TCBK TriCo Bancshares | $1.7B | 12.5× | 11.9× | +4.33% (above 0%: growing) | +27.38% (above 0%: growing) | −17.30% (below 0%: shrinking) | 80.35% | 0.00% | Compare |
| OBK Origin Bancorp, Inc. | $1.7B | 16.8× | 12.3× | +11.11% (above 0%: growing) | +134.04% (above 0%: growing) | +57.26% (above 0%: growing) | 71.20% | 0.00% | Compare |
| INTR Inter & Co. Inc. | $1.7B | 5.8× | 5.2× | +45.51% (above 0%: growing) | +46.15% (above 0%: growing) | −253.49% (below 0%: shrinking) | 59.27% | 0.00% | Compare |
| Median of peers | $1.7B | 13.1× | 12.3× | +4.77% | +36.36% | +28.38% | 72.12% | 0.00% |