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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%
Market cap
$4.0B
P/E
14.1×
Fwd P/E
12.1×
Dividend yield
3.62%
F-score
6/9
Altman Z
2.08
Beneish M
−2.83
Dividend safety
66/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 80.77%

Capital & Financial Ratios $m

Market Cap 4,020.00
Revenue 2,109.17
Net Income 305.55
Free Cash Flow 454.66
Net Debt 212.70
Current Ratio 1.51 (at or above 1.5: strong)
Debt/Equity 0.55
P/E ratio 14.10
Fwd P/E 12.10
P/S ratio 1.96
P/B ratio 2.14
Past 5Y EPS Growth —
This Y EPS Growth 20.39% (at or above 15%: strong)
Next Y EPS Growth 26.94% (at or above 15%: strong)
Next Y revenue growth 5.50%
Next 5Y EPS Growth 20.14% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 2.0×; over the ten years it ranged from 0.8× in 2020 to 4.3× in 2021.
P/E against its own 10 years 50.45%
10-year low 10-year high
P/S against its own 10 years 86.80%
10-year low 10-year high
P/B against its own 10 years 77.84%
10-year low 10-year high
EV/Sales against its own 10 years 57.29%
10-year low 10-year high
EV/FCF against its own 10 years 36.37%
10-year low 10-year high

Dividends

Payout Ratio 0.51
Annual Dividend Rate 0.91
Annual Dividend Yield 3.62%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.91
0.91
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 458 526 715 861
Receivables 276 228 255 258
Inventory 16 11 15 19
Other — — — —
750 766 985 1,138
2023 2024 2025 Q'26
Payables 113 121 131 130
ST’ Debt 200 115 139 147
Other 346 349 430 447
686 604 729 754

Compound Annual Growth %

10y 5y 3y
Sales 5.15% 26.43% 12.48%
Cash Flow 26.71% 253.90% 15.41%
Earnings 8.91% 0.00% 13.78%
Book Value 7.13% 15.58% 24.41%

Revenue $m

Mar Jun Sep Dec Year
’26 538 534 — — —
’25 448 477 527 510 1,962
’24 433 416 462 532 1,843
’23 382 423 470 126 1,400
’22 258 333 395 392 1,379
’21 138 135 187 247 707
’20 303 82 98 125 607
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 102 102 — — —
’25 80 115 139 131 465
’24 165 94 111 35 405
’23 60 111 150 35 356
’22 43 64 80 115 303
’21 (4) 11 46 55 108
’20 4 (6) (5) 8 1
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 99 98 — — —
’25 78 111 134 124 447
’24 162 91 108 30 392
’23 58 109 147 33 346
’22 42 62 78 111 293
’21 (4) 7 45 53 100
’20 1 (8) (8) 6 (9)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.47 0.32 — — —
’25 0.25 0.30 0.34 0.65 1.53
’24 0.95 0.31 0.09 0.50 1.76
’23 0.20 0.43 0.29 0.43 1.49
’22 0.16 0.43 0.36 0.08 1.05
’21 (0.28) (0.21) (0.09) (0.14) (0.73)
’20 (0.09) (0.35) (0.90) (0.24) (1.58)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — 5.70 3.73 1.61 3.50 5.00 8.46 13.74 15.01

Analyst estimates 2026–2028

Powerpack
High — — 17.92 8.69 6.50 6.37 9.57 16.90 20.79 26.97
People
People Employees 6,076 6,102 6,059 6,299 5,822 5,786 6,114 6,100 6,100 6,300
Revenue/emp, $m 0.22 0.26 0.24 0.25 0.10 0.12 0.23 0.23 0.30 0.31
Income, $m
Income, $m Revenue 1,366 1,575 1,426 1,559 607 707 1,379 1,400 1,843 1,962
Gross margin, % 37.13 34.61 31.88 26.96 (7.61) 11.96 30.15 34.67 32.87 35.15
EBT 95 114 4 11 (372) (91) 191 202 607 333
EBT margin, % 6.96 7.23 0.25 0.72 (61.20) (12.83) 13.82 14.44 32.92 16.96
Net income 39 67 (11) (6) (357) (160) 166 226 308 258
Depreciation (57) (117) (31) (171) 72 77 18 2 (10) 26
Per share, $
Per share, $ Revenue 9.22 10.63 8.98 9.74 3.80 4.40 8.58 8.70 11.45 12.09
Earnings 0.20 0.43 0.04 0.06 (1.58) (0.73) 1.05 1.49 1.76 1.53
Cash flow 1.11 (0.33) 1.21 (0.12) 0.01 0.67 1.88 2.22 2.52 2.87
Capex (0.07) (0.09) (0.08) (0.11) (0.06) (0.05) (0.06) (0.07) (0.08) (0.11)
Free cash flow 1.04 (0.42) 1.13 (0.24) (0.05) 0.62 1.82 2.15 2.43 2.75
Book value 5.42 5.38 7.70 7.49 5.03 4.82 5.36 5.00 9.43 10.23
Shares, m 148 148 159 160 160 161 161 161 161 162
Valuation, ×
Valuation, × P/E 34.40 34.40 136.98 50.00 0.00 0.00 8.48 11.75 10.10 16.88
P/S 1.54 1.54 0.74 0.62 1.05 1.31 1.02 1.82 1.63 2.15
P/B 3.03 3.03 0.86 0.80 0.79 1.20 1.63 3.17 1.98 2.54
EV/Sales 2.31 2.31 1.30 1.21 2.68 2.71 1.75 2.45 1.97 2.34
EV/FCF (58.39) (58.39) 10.33 (50.02) (187.64) 19.15 8.25 9.91 9.28 10.30
Cash, $m
Cash, $m Operating cash flow 165 (49) 192 (20) 1 108 303 356 405 465
Capex (11) (13) (12) (18) (10) (8) (10) (11) (14) (19)
Free cash flow 154 (62) 179 (38) (9) 100 293 346 392 447
Balance, $m
Balance, $m Working capital (156) (153) 82 (55) (33) (216) (29) 64 162 257
Total debt 1,107 1,486 1,127 1,208 1,345 1,440 1,465 1,333 1,158 1,095
Net debt 860 1,225 801 929 990 988 1,013 875 632 380
Shareholders’ equity 803 797 1,223 1,199 805 774 862 804 1,518 1,661
Returns, %
Returns, % ROA 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
ROE 4.12 7.93 0.71 0.75 (25.26) (14.92) 20.56 28.75 24.35 15.59
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Corporacion America Airports S.A. vs peers in Airports & Air Services (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
PAC Grupo Aeroportuario Del Pacifico, S.A. de C.V. $10.5B 18.1× 17.5× +16.29% (above 0%: growing) +3.70% (above 0%: growing) −114.80% (below 0%: shrinking) 76.22% 44.16% Compare
ASR Grupo Aeroportuario del Sureste, S.A. de C.V. $6.5B 12.9× 11.8× +23.19% (above 0%: growing) +15.26% (above 0%: growing) +36.64% (above 0%: growing) 58.03% 40.61% Compare
JOBY Joby Aviation, Inc. $4.8B — (loss-making) — (loss-making) +257,493.33% (above 0%: growing) n/m −69.99% (below 0%: shrinking) 26.76% (675.18%) Compare
CAAP Corporacion America Airports S.A. $4.0B 14.1× 12.1× +12.00% (above 0%: growing) +6.67% (above 0%: growing) −11.94% (below 0%: shrinking) 30.45% 19.75%
OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $3.8B 14.7× — +15.00% (above 0%: growing) +18.37% (above 0%: growing) +2.87% (above 0%: growing) 71.85% 53.49% Compare
ASLE AerSale Corporation $223.8M — (loss-making) 9.8× −33.94% (below 0%: shrinking) n/m −141.55% (below 0%: shrinking) 22.94% (6.70%) Compare
UP Wheels Up Experience Inc. $128.8M — (loss-making) — −4.03% (below 0%: shrinking) n/m −115.78% (below 0%: shrinking) 11.91% (40.87%) Compare
SOAR Volato Group, Inc. $12.5M — (loss-making) — −96.12% (below 0%: shrinking) n/m −153.91% (below 0%: shrinking) 69.74% (261.14%) Compare
Median of peers $3.8B 14.7× 11.8× +15.00% +15.26% −114.80% 58.03% (6.70%)

All 8 Airports & Air Services stocks →

Corporacion America Airports S.A. (CAAP) key facts

  • Strength: Corporacion America Airports S.A.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 6.45% from fiscal 2024.
  • Corporacion America Airports S.A. (CAAP) is an Airports & Air Services company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, CAAP traded at $25.09, a market capitalization of $4.0 billion.
  • Corporacion America Airports S.A. pays an annual dividend of $0.91 per share, a yield of 3.62%, with a payout ratio of 51.0%.
  • Return on equity was 15.6% and debt-to-equity 0.55.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.08 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/CAAP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com