Saturday 17 October 2026
Export CAAP’s income statement to Excel — free account
Corporacion America Airports S.A.
CAAP Industrials Airports & Air Services
Corporacion America Airports S.A.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 6.45% from fiscal 2024. In the quarter to June 2026, revenue grew 12.0%, EPS grew 6.67%, free cash flow fell 11.9% and total debt fell 5.81%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.
25.09
0.43
+1.74%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
34.40 | 34.40 | 136.98 | 50.00 | 0.00 | 0.00 | 8.48 | 11.75 | 10.10 | 16.88 |
Piotroski F-Score |
— | 5 | 5 | 4 | 4 | 6 | 7 | 8 | 7 | 6 |
P/S ratio |
1.54 | 1.54 | 0.74 | 0.62 | 1.05 | 1.31 | 1.02 | 1.82 | 1.63 | 2.15 |
Altman Z-Score |
— | — | 1.04 | 0.93 | 0.22 | 0.34 | 0.97 | 1.66 | 1.76 | 2.08 |
P/FCF ratio |
0.00 | 0.00 | 5.87 | 0.00 | 0.00 | 9.26 | 4.79 | 7.37 | 7.67 | 9.45 |
Altman Z″-Score (non-manufacturers) |
0.70 | 0.79 | 1.49 | 1.10 | 0.08 | (0.06) | 0.96 | 1.86 | 2.13 | 2.45 |
P/Operating CF |
(21.04) | (21.04) | 15.48 | 32.24 | 80.07 | 16.85 | 12.16 | 72.97 | 84.65 | 32.28 |
Beneish M-Score |
(2.19) | (2.13) | (2.96) | (2.28) | — | (3.65) | (2.27) | (1.59) | (2.54) | (2.83) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 66 |
P/B ratio |
3.03 | 3.03 | 0.86 | 0.80 | 0.79 | 1.20 | 1.63 | 3.17 | 1.98 | 2.54 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.31 | 2.31 | 1.30 | 1.21 | 2.68 | 2.71 | 1.75 | 2.45 | 1.97 | 2.34 |
EV/EBITDA |
14.47 | 14.47 | 6.91 | 36.20 | 0.00 | 22.82 | 7.50 | 6.31 | 8.31 | 8.95 |
EV/Operating CF |
(73.73) | (73.73) | 9.67 | (95.82) | 1,943.17 | 17.73 | 7.99 | 9.61 | 8.97 | 9.89 |
EV/FCF |
(58.39) | (58.39) | 10.33 | (50.02) | (187.64) | 19.15 | 8.25 | 9.91 | 9.28 | 10.30 |
Quick Ratio |
0.75 | 0.78 | 1.16 | 0.88 | 0.93 | 0.73 | 0.93 | 1.07 | 1.25 | 1.33 |
Current Ratio |
0.77 | 0.79 | 1.18 | 0.90 | 0.94 | 0.74 | 0.96 | 1.09 | 1.27 | 1.35 |
Net Debt/EBITDA |
3.13 | 4.87 | 2.99 | 17.80 | (10.84) | 11.78 | 3.15 | 1.61 | 1.44 | 0.74 |
Debt/Assets |
30.53% | 39.10% | 29.30% | 31.12% | 39.49% | 39.76% | 38.20% | 37.64% | 27.70% | 24.62% |
Debt/Equity |
1.38 | 1.86 | 0.92 | 1.01 | 1.67 | 1.86 | 1.70 | 1.66 | 0.76 | 0.66 |
Asset Turnover |
0.40 | 0.42 | 0.37 | 0.40 | 0.17 | 0.20 | 0.37 | 0.38 | 0.48 | 0.45 |
Operating CF/Net income |
4.88 | (0.78) | 26.90 | (2.17) | 0.00 | (0.92) | 1.80 | 1.49 | 1.43 | 1.88 |
Capex/Depreciation |
0.19 | 0.11 | 0.40 | 0.11 | (0.13) | (0.10) | (0.55) | (4.92) | 1.42 | (0.72) |
Interest Coverage |
1.22 | 1.22 | 0.90 | 0.96 | (0.76) | 0.05 | 1.55 | 1.33 | (4.05) | 2.00 |
| 4.12% | 7.93% | 0.71% | 0.75% | (25.26%) | (14.92%) | 20.56% | 28.75% | 24.35% | 15.59% | |
| 0.98% | 1.71% | 0.19% | 0.24% | (6.94%) | (3.35%) | 4.51% | 6.49% | 7.32% | 5.74% | |
ROIC |
12.47% | 11.41% | 9.23% | 6.57% | (5.70%) | 0.23% | 10.15% | 20.12% | 13.00% | 14.95% |
Return on Tangible Assets |
(37.65%) | (81.34%) | 4.55% | 36.46% | (524.22%) | 83.82% | 366.45% | 172.43% | 117.98% | 72.30% |
Average Days of Receivables |
67.46 | 71.72 | 50.45 | 50.78 | 94.38 | 84.46 | 47.59 | 71.93 | 45.16 | 47.50 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
12.50% | 12.33% | 12.05% | 10.80% | 16.76% | 14.44% | 10.25% | 9.90% | 10.75% | 11.22% |
Intangible Assets out of Total Assets |
0.78 | 0.74 | 0.76 | 0.77 | 0.77 | 0.76 | 0.77 | 0.71 | 0.75 | 0.71 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.30% | 0.14% | 0.05% | 0.08% | 0.06% | 0.06% |
Graham Net Nets |
(1.00) | (1.00) | (1.98) | (2.27) | (3.26) | (2.40) | (1.66) | (0.78) | (0.63) | (0.43) |
Graham Number |
0.00 | 7.58 | 2.90 | 4.50 | 0.00 | 0.00 | 11.15 | 12.31 | 19.80 | 18.83 |
Earnings Yield |
2.91% | 2.91% | 0.73% | 2.00% | (39.60%) | (12.48%) | 11.80% | 8.51% | 9.90% | 5.92% |
Free Cash Flow Yield |
(2.58%) | (2.58%) | 17.03% | (3.93%) | (1.36%) | 10.80% | 20.88% | 13.56% | 13.04% | 10.59% |
Revenue per Share |
9.22 | 10.63 | 8.98 | 9.74 | 3.80 | 4.40 | 8.58 | 8.70 | 11.45 | 12.09 |
Operating CF per Share |
1.11 | (0.33) | 1.21 | (0.12) | 0.01 | 0.67 | 1.88 | 2.22 | 2.52 | 2.87 |
Capex per Share |
(0.07) | (0.09) | (0.08) | (0.11) | (0.06) | (0.05) | (0.06) | (0.07) | (0.08) | (0.11) |
Free Cash Flow per Share |
1.04 | (0.42) | 1.13 | (0.24) | (0.05) | 0.62 | 1.82 | 2.15 | 2.43 | 2.75 |
Cash per Share |
1.67 | 1.76 | 2.05 | 1.75 | 2.22 | 2.81 | 2.81 | 2.85 | 3.27 | 4.40 |
Shareholders Equity per Share |
5.42 | 5.38 | 7.70 | 7.49 | 5.03 | 4.82 | 5.36 | 5.00 | 9.43 | 10.23 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.42 | 5.38 | 7.70 | 7.49 | 5.03 | 4.82 | 5.36 | 5.00 | 9.43 | 10.23 |
Free Cash Flow |
153.65 | (62.41) | 179.40 | (37.77) | (8.68) | 99.98 | 293.04 | 345.80 | 391.67 | 446.68 |
Working Capital |
(155.65) | (152.54) | 82.19 | (54.66) | (32.56) | (215.97) | (28.85) | 63.98 | 161.78 | 256.53 |
Capital Expenditures |
(10.97) | (12.99) | (12.27) | (18.05) | (9.52) | (7.98) | (9.59) | (10.62) | (13.63) | (18.54) |
Net Current Asset Value |
(2,316.83) | (2,424.59) | (2,089.84) | (2,175.99) | (2,080.37) | (2,220.71) | (2,325.95) | (1,988.16) | (1,897.98) | (1,802.89) |
EV/EBIT |
5.24 | 5.24 | 6.20 | 8.45 | 0.00 | 296.36 | 7.94 | 6.34 | 8.13 | 9.42 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Price to Operating Income |
6.55 | 6.55 | 3.52 | 4.29 | 0.00 | 143.35 | 4.61 | 4.72 | 6.72 | 8.64 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
(0.86) | (1.58) | (0.41) | (2.15) | 0.90 | 1.03 | 0.23 | 0.03 | (0.12) | 0.30 |
Cash ROIC |
7.12% | (2.45%) | 6.71% | (1.41%) | (0.35%) | 3.75% | 10.54% | 13.33% | 12.23% | 12.87% |
Accounts Receivable Turnover |
6.59 | 5.61 | 5.63 | 7.53 | 3.25 | 4.41 | 8.03 | 6.15 | 7.32 | 8.12 |
Accounts Payable Turnover |
7.32 | 8.54 | 8.01 | 8.64 | 4.36 | 4.66 | 8.01 | 7.72 | 10.60 | 10.10 |
Inventory Turnover |
108.14 | 126.94 | 105.98 | 108.06 | 67.67 | 63.72 | 70.59 | 57.32 | 89.80 | 97.33 |
Average Days of Payables |
48.24 | 45.29 | 43.07 | 47.69 | 84.24 | 68.17 | 47.04 | 45.00 | 35.62 | 37.62 |
Days of Inventory on Hand |
3.26 | 3.03 | 3.67 | 3.62 | 4.48 | 6.76 | 5.98 | 6.44 | 3.37 | 4.23 |
Average Receivables |
207.24 | 281.03 | 253.32 | 207.00 | 186.96 | 160.31 | 171.66 | 227.81 | 251.98 | 241.70 |
Average Payables |
117.35 | 120.68 | 121.23 | 131.70 | 149.80 | 133.55 | 120.17 | 118.44 | 116.77 | 125.96 |
Average Inventory |
7.94 | 8.11 | 9.17 | 10.54 | 9.66 | 9.77 | 13.64 | 15.96 | 13.78 | 13.07 |
Average Assets |
3,449.45 | 3,714.25 | 3,823.25 | 3,863.76 | 3,643.95 | 3,513.14 | 3,728.21 | 3,688.88 | 3,861.71 | 4,315.06 |
Average Common Equity |
818.71 | 800.23 | 1,009.92 | 1,210.66 | 1,001.95 | 789.45 | 817.99 | 833.14 | 1,160.93 | 1,589.35 |
Columns are period end dates