Estados financieros detallados de Amalgamated Financial Corp. (AMAL): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Amalgamated Financial Corp. registró ingresos de $455.0M en el último ejercicio fiscal, con un CAGR de 5 años del 15.3%. El beneficio neto alcanzó $104.4M, con un CAGR a 5 años del 17.7%.
Márgenes de los últimos 12 meses: margen bruto 69.8%, margen operativo 31.0%, margen neto 23.4%. El flujo de caja libre creció a un CAGR del 15.9% en 5 años.
Al precio actual de $46.62, AMAL cotiza a un P/E de 12.30 y un ROE del 14.12%. La capitalización bursátil es de $1.4B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $158.5M | $167.3M | $192.3M | $215.2M | $223.7M | $208.8M | $285.2M | $382.5M | $435.3M | $455.0M |
| Coste de Ventas | $23.3M | $24.4M | $14.0M | $23.2M | $35.3M | $5.9M | $33.7M | $111.4M | $129.2M | $135.2M |
| Beneficio Bruto | $135.2M | $142.8M | $178.1M | $192.0M | $188.4M | $202.8M | $251.5M | $271.0M | $306.2M | $319.8M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $105.5M | $76.5M | $86.0M | $84.1M | $76.1M | $75.6M | $81.7M | $94.0M | $101.2M | $122.2M |
| Gastos Operativos | $105.5M | $123.1M | $128.0M | $127.8M | $126.5M | $132.1M | $143.3M | $146.3M | $160.6M | $179.6M |
| Beneficio Operativo | $16.4M | $19.7M | $50.3M | $64.2M | $61.9M | $70.7M | $108.2M | $124.7M | $145.3M | $140.1M |
| EBITDA | $15.0M | $24.7M | $55.5M | $70.2M | $69.5M | $75.6M | $118.5M | $131.1M | $151.0M | $145.0M |
| Gastos por Intereses | $23.3M | $17.8M | $14.2M | $19.3M | $10.5M | $6.2M | $18.6M | $96.8M | $118.9M | $124.4M |
| Beneficio Antes de Impuestos | $10.7M | $19.7M | $50.3M | $64.2M | $61.9M | $70.7M | $108.2M | $124.7M | $145.6M | $140.2M |
| Impuestos | $137000 | $13.6M | $5.7M | $17.0M | $15.8M | $17.8M | $26.7M | $36.8M | $39.2M | $35.7M |
| Beneficio Neto | $10.6M | $6.1M | $44.7M | $47.2M | $46.2M | $52.9M | $81.5M | $88.0M | $106.4M | $104.4M |
| BPA | $0.35 | $0.19 | $1.47 | $1.49 | $1.48 | $1.70 | $2.64 | $2.88 | $3.48 | $3.45 |
| BPA Diluido | $0.35 | $0.19 | $1.46 | $1.47 | $1.48 | $1.68 | $2.61 | $2.86 | $3.44 | $3.41 |
| Acciones en Circulación (Diluidas) | $29.9M | $31.8M | $30.6M | $32.2M | $31.2M | $31.5M | $31.2M | $30.8M | $30.9M | $30.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $118.1M | $115.2M | $122.6M | $129.5M |
| Beneficio Bruto | $79.7M | $85.2M | $80.0M | $93.9M |
| Beneficio Operativo | $36.7M | $33.3M | $34.1M | $46.6M |
| EBITDA | $36.9M | $36.9M | $36.2M | $46.6M |
| Beneficio Neto | $26.8M | $26.6M | $25.2M | $34.8M |
| BPA | $0.89 | $0.89 | $0.85 | $1.16 |
| BPA Diluido | $0.88 | $0.88 | $0.84 | $1.15 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $140.6M | $116.5M | $80.8M | $122.5M | $38.8M | $330.5M | $63.5M | $90.2M | $60.7M | $4.5M |
| Inversiones a Corto | 0 | $943.4M | $1.18B | $1.22B | $1.54B | $2.11B | $1.81B | $1.48B | $1.63B | $48.7M |
| Cuentas por Cobrar | 0 | $11.2M | $14.4M | $19.1M | $24.0M | $28.8M | $41.4M | $55.5M | $61.2M | $65.1M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $159.5M | $1.07B | $1.27B | $1.37B | $1.60B | $2.47B | $1.92B | $1.63B | $1.75B | $118.3M |
| Inmovilizado Material | $25.5M | $22.4M | $21.7M | $65.1M | $49.1M | $44.9M | $38.1M | $28.9M | $20.6M | $14.3M |
| Fondo de Comercio | 0 | 0 | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M |
| Activos Intangibles | 0 | 0 | $8.1M | $6.7M | $5.4M | $4.2M | $3.1M | $2.2M | $1.5M | $913000 |
| Activos Totales | $4.04B | $4.04B | $4.69B | $5.33B | $5.98B | $7.08B | $7.84B | $7.97B | $8.26B | $8.87B |
| Cuentas por Pagar | $2.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $2.23B | $3.23B | $4.11B | $4.64B | $5.34B | $6.36B | $6.60B | $7.01B | $7.18B | $9.3M |
| Deuda a Largo | $430.6M | $402.6M | $92.9M | $75.0M | 0 | $83.8M | $657.7M | $304.9M | $314.4M | $81.8M |
| Pasivos Totales | $3.70B | $3.70B | $4.25B | $4.83B | $5.44B | $6.51B | $7.33B | $7.39B | $7.55B | $8.08B |
| Reservas | $93.1M | $99.5M | $142.2M | $181.1M | $217.2M | $260.0M | $330.3M | $388.0M | $480.1M | $567.3M |
| Patrimonio Neto | $341.0M | $343.9M | $439.2M | $490.4M | $535.7M | $563.7M | $508.8M | $585.2M | $707.7M | $794.5M |
| Deuda Total | $638.9M | $402.6M | $92.9M | $137.4M | $53.2M | $132.0M | $698.5M | $335.6M | $334.1M | $94.1M |
| Deuda Neta | $498.2M | -$657.2M | -$1.16B | -$1.21B | -$1.53B | -$2.31B | -$1.18B | -$1.24B | -$1.36B | $40.9M |
| Capital Circulante | -$2.07B | -$2.16B | -$2.83B | -$3.27B | -$3.74B | -$3.88B | -$4.68B | -$5.38B | -$5.43B | $109.0M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $115.5M | $4.5M | $11.6M | $4.2M |
| Activos Totales | $8.68B | $8.87B | $9.17B | $9.41B |
| Pasivos Totales | $7.91B | $8.08B | $8.36B | $8.58B |
| Patrimonio Neto | $775.6M | $794.5M | $807.6M | $835.0M |
| Deuda Total | $90.3M | $94.1M | $81.1M | $78.8M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $10.6M | $6.1M | $44.7M | $47.2M | $46.2M | $52.9M | $81.5M | $88.0M | $106.4M | $104.4M |
| Amortizaciones | $4.3M | $5.0M | $5.2M | $6.0M | $7.6M | $4.8M | $10.3M | $6.4M | $5.4M | $6.8M |
| Compensación en Acciones | 0 | 0 | $920000 | $2.4M | $2.4M | $1.8M | $2.7M | $4.7M | $5.5M | $6.9M |
| Cambio en Capital Circulante | -$9.6M | -$13.9M | -$28.2M | $24.3M | $514000 | -$10.6M | -$1.2M | -$4.4M | -$26.9M | -$6.6M |
| Flujo de Caja Operativo | $8.4M | $23.9M | $31.0M | $83.5M | $65.8M | $70.5M | $147.3M | $117.2M | $124.1M | $135.8M |
| Inversiones (CapEx) | -$12.5M | -$1.9M | -$1.4M | -$753000 | -$1.6M | -$2.4M | -$1.7M | -$1.5M | -$1.8M | -$1.4M |
| Adquisiciones | -$950000 | 0 | $31.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$2.1M | 0 | -$7.0M | -$5.8M | -$7.0M | -$2.9M | -$12.5M | -$8.3M | -$1.3M | -$35.2M |
| Dividendos Pagados | 0 | -$394000 | -$1.9M | -$8.3M | -$10.0M | -$10.0M | -$11.2M | -$12.3M | -$14.2M | -$17.2M |
| Flujo de Caja Libre | -$4.2M | $22.1M | $29.6M | $82.7M | $64.2M | $68.1M | $145.7M | $115.7M | $122.3M | $134.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $39.5M | $37.1M | $56.8M | $30.5M |
| Inversiones (CapEx) | -$1.2M | -$2.8M | -$6.1M | -$10.9M |
| Flujo de Caja Libre | $38.3M | $34.4M | $50.7M | $19.6M |
| Dividendos Pagados | -$4.2M | -$4.2M | -$5.3M | -$10.4M |
| Compensación en Acciones | $1.8M | $2.0M | $2.0M | $4.2M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +5.5% | +15.0% | +11.9% | +4.0% | -6.7% | +36.6% | +34.1% | +13.8% | +4.5% |
| Crecimiento Beneficio Neto (anual) | | -42.1% | +631.1% | +5.7% | -2.1% | +14.6% | +53.9% | +8.0% | +21.0% | -1.9% |
| Crecimiento BPA (anual) | | -45.7% | +673.7% | +1.4% | -0.7% | +14.9% | +55.3% | +9.1% | +20.8% | -0.9% |
| Cambio en Acciones (anual) | | +6.2% | -3.6% | +5.1% | -3.0% | +0.9% | -1.0% | -1.3% | +0.5% | -2.1% |
| Crecimiento FCF (anual) | | +629.4% | +34.1% | +179.5% | -22.4% | +6.2% | +113.8% | -20.5% | +5.7% | +9.9% |
| Margen Bruto | 85.3% | 85.4% | 92.6% | 89.2% | 84.2% | 97.2% | 88.2% | 70.9% | 70.3% | 70.3% |
| Margen Operativo | 10.3% | 11.8% | 26.2% | 29.8% | 27.7% | 33.9% | 37.9% | 32.6% | 33.4% | 30.8% |
| Margen EBITDA | 9.5% | 14.8% | 28.9% | 32.6% | 31.1% | 36.2% | 41.6% | 34.3% | 34.7% | 31.9% |
| Margen Neto | 6.7% | 3.7% | 23.2% | 21.9% | 20.6% | 25.4% | 28.6% | 23.0% | 24.4% | 23.0% |
| Margen FCF | -2.6% | 13.2% | 15.4% | 38.4% | 28.7% | 32.6% | 51.1% | 30.3% | 28.1% | 29.5% |
| Tasa Impositiva Efectiva | 1.3% | 69.0% | 11.3% | 26.4% | 25.4% | 25.2% | 24.7% | 29.5% | 26.9% | 25.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.14 | $0.69 | $0.97 | $2.57 | $2.05 | $2.16 | $4.67 | $3.76 | $3.95 | $4.44 |
| Dividendo por Acción | $0.00 | $0.01 | $0.06 | $0.26 | $0.32 | $0.32 | $0.36 | $0.40 | $0.46 | $0.57 |
| Acciones en Circulación (Básicas) | $29.9M | $31.8M | $30.4M | $31.7M | $31.1M | $31.1M | $30.8M | $30.6M | $30.6M | $29.9M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 14.12% |
| Rentabilidad sobre capital invertido | 1.21% |
| Rentabilidad sobre activos | 1.21% |
| Margen bruto | 69.79% |
| Margen operativo | 31.03% |
| Margen neto | 23.37% |
Salud financiera
| Deuda / Patrimonio | 0.09 |
| Ratio corriente | 0.00 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 0.28 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 37.86 | 69.74 | 13.27 | 13.05 | 9.28 | 9.86 | 8.73 | 9.35 | 9.62 | 9.28 |
| P/VC | 1.16 | 1.22 | 1.35 | 1.26 | 0.80 | 0.93 | 1.40 | 1.41 | 1.45 | 1.21 |
| P/V | 2.50 | 2.52 | 3.08 | 2.87 | 1.91 | 2.50 | 2.49 | 2.15 | 2.35 | 2.11 |
| Margen Bruto | 85.3% | 85.4% | 92.6% | 89.2% | 84.2% | 97.2% | 88.2% | 70.9% | 70.3% | 70.3% |
| Margen Operativo | 10.3% | 11.8% | 26.2% | 29.8% | 27.7% | 33.9% | 37.9% | 32.6% | 33.4% | 30.8% |
| Margen Neto | 6.7% | 3.7% | 23.2% | 21.9% | 20.6% | 25.4% | 28.6% | 23.0% | 24.4% | 23.0% |