Estados financieros detallados de BT Brands, Inc. (BTBD): 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
BT Brands, Inc. registró ingresos de $13.5M en el último ejercicio fiscal, con un CAGR de 5 años del 10.6%.
Márgenes de los últimos 12 meses: margen bruto 20.4%, margen operativo -1.1%, margen neto -4.6%. El flujo de caja libre creció a un CAGR del -38.2% en 5 años.
Al precio actual de $1.70, BTBD presenta beneficios negativos (P/E no significativo) y un ROE del -8.98%. La capitalización bursátil es de $11M.
Cuenta de Resultados (10 años)
| Año | 2014 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $5.3M | $7.1M | $7.1M | $6.5M | $8.2M | $8.5M | $12.6M | $14.1M | $14.8M | $13.5M |
| Coste de Ventas | $4.1M | $6.5M | $5.1M | $4.7M | $5.4M | $5.7M | $9.0M | $11.1M | $11.7M | $9.6M |
| Beneficio Bruto | $1.2M | $599565 | $2.0M | $1.8M | $2.7M | $2.8M | $3.6M | $3.0M | $3.1M | $3.9M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $447810 | $621650 | $1.3M | $1.3M | $1.4M | $1.1M | $2.8M | $3.0M | $3.1M | $2.7M |
| Gastos Operativos | $890536 | $621650 | $1.7M | $2.1M | $2.2M | $1.8M | $4.0M | $4.4M | $4.8M | $4.3M |
| Beneficio Operativo | $279918 | -$22080 | $240815 | -$373548 | $529368 | $980712 | -$391164 | -$1.4M | -$1.7M | -$391816 |
| EBITDA | $380361 | $187069 | $438997 | -$147949 | $1.3M | $1.2M | -$178481 | -$336220 | -$1.3M | $42486 |
| Gastos por Intereses | 0 | 0 | $176955 | $207841 | $177757 | $172861 | $114766 | $97608 | $99906 | $81621 |
| Beneficio Antes de Impuestos | $259540 | -$254851 | $34528 | -$568577 | $921992 | $807851 | -$742285 | -$1.0M | -$2.1M | -$687839 |
| Impuestos | 0 | -$4 | $13725 | -$102000 | $130000 | $200000 | -$180000 | -$145000 | $206000 | 0 |
| Beneficio Neto | $259540 | -$254851 | $20803 | -$368577 | $791992 | $607851 | -$562285 | -$887368 | -$2.3M | -$687839 |
| BPA | $0.05 | $-0.06 | $0.01 | $-0.09 | $0.20 | $0.14 | $-0.09 | $-0.14 | $-0.37 | $-0.11 |
| BPA Diluido | $0.05 | $-0.06 | $0.01 | $-0.09 | $0.20 | $0.14 | $-0.09 | $-0.14 | $-0.37 | $-0.11 |
| Acciones en Circulación (Diluidas) | $5.5M | $4.0M | $4.0M | $4.0M | $4.0M | $4.4M | $6.5M | $6.3M | $6.2M | $6.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $3.9M | $2.6M | $2.8M | $3.6M |
| Beneficio Bruto | $1.4M | $525414 | $116090 | $602455 |
| Beneficio Operativo | $492811 | -$517310 | -$232811 | $117205 |
| EBITDA | $1.1M | -$1.1M | -$577996 | $747040 |
| Beneficio Neto | $914975 | -$1.3M | -$751011 | $576433 |
| BPA | $0.15 | $-0.22 | $-0.12 | $0.09 |
| BPA Diluido | $0.15 | $-0.22 | $-0.12 | $0.09 |
Balance (10 años)
| Año | 2014 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $259989 | $241050 | $663511 | $258101 | $1.3M | $12.4M | $2.2M | $5.3M | $2.0M | $846167 |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | $6.0M | $1.4M | $2.3M | $3.6M |
| Cuentas por Cobrar | $21457 | $19104 | $20241 | $15363 | $19030 | $72251 | $76948 | $28737 | $69459 | $54506 |
| Inventario | $49414 | $70695 | $58584 | $56432 | $60576 | $79510 | $158351 | $201333 | $272603 | $230443 |
| Activos Corrientes | $336748 | $335722 | $790547 | $336825 | $1.4M | $12.6M | $8.9M | $7.2M | $5.0M | $5.9M |
| Inmovilizado Material | $882699 | $2.0M | $2.1M | $2.1M | $1.6M | $1.6M | $5.7M | $5.0M | $5.1M | $3.7M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | $671220 | $671220 | $796220 | $796220 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | $453978 | $395113 | $367799 | $305270 |
| Activos Totales | $1.2M | $2.9M | $3.3M | $2.6M | $3.4M | $14.5M | $16.8M | $14.6M | $12.0M | $10.7M |
| Cuentas por Pagar | $133767 | $351821 | $288659 | $321855 | $270487 | $291973 | $448605 | $555247 | $612059 | $245226 |
| Deuda a Corto | $161314 | $261571 | $254396 | $277666 | $245306 | $169908 | $958986 | $299228 | $185009 | $550470 |
| Pasivos Corrientes | $524277 | $805280 | $731767 | $805151 | $1.0M | $925310 | $2.1M | $1.6M | $1.4M | $1.2M |
| Deuda a Largo | $692032 | $3.6M | $3.5M | $3.2M | $2.9M | $2.8M | $2.7M | $2.3M | $2.1M | $1.2M |
| Pasivos Totales | $1.2M | $4.4M | $4.3M | $4.0M | $4.1M | $3.9M | $6.6M | $5.4M | $5.0M | $4.3M |
| Reservas | 0 | -$1.5M | -$1.5M | -$1.9M | -$1.2M | -$600238 | -$1.2M | -$2.0M | -$4.4M | -$5.0M |
| Patrimonio Neto | $3138 | -$1.5M | -$1.0M | -$1.4M | -$702323 | $10.6M | $10.2M | $9.2M | $7.0M | $6.4M |
| Deuda Total | $853346 | $3.8M | $3.8M | $3.5M | $3.2M | $3.0M | $5.6M | $4.4M | $4.0M | $1.8M |
| Deuda Neta | $593357 | $3.6M | $3.1M | $3.2M | $1.9M | -$9.4M | -$2.5M | -$2.3M | -$222815 | -$2.7M |
| Capital Circulante | -$187529 | -$469558 | $58780 | -$468326 | $371693 | $11.6M | $6.7M | $5.7M | $3.6M | $4.7M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $1.3M | $846167 | $1.0M | $1.6M |
| Activos Totales | $11.9M | $10.7M | $10.0M | $10.5M |
| Pasivos Totales | $4.2M | $4.3M | $4.3M | $4.1M |
| Patrimonio Neto | $7.7M | $6.4M | $5.7M | $6.3M |
| Deuda Total | $5.1M | $3.7M | $3.6M | $1.7M |
Flujo de Caja (10 años)
| Año | 2014 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $259540 | -$254851 | $20803 | -$466577 | $791992 | $607851 | -$562285 | -$887368 | -$2.3M | -$687839 |
| Amortizaciones | $100443 | $209154 | $225814 | $211087 | $189387 | $234027 | $449038 | $598540 | $742860 | $648704 |
| Compensación en Acciones | 0 | 0 | 0 | $13500 | 0 | $26250 | $118700 | $174000 | $230500 | $141000 |
| Cambio en Capital Circulante | $94 | $291292 | -$46823 | $52315 | $236103 | -$112078 | $147354 | $231130 | -$195315 | -$147348 |
| Flujo de Caja Operativo | $278392 | $293360 | $49116 | $50489 | $1.4M | $813955 | $211798 | -$258787 | -$723505 | $284876 |
| Inversiones (CapEx) | -$75449 | -$462189 | -$66652 | 0 | -$154420 | -$207920 | -$478396 | -$488388 | -$494064 | -$172925 |
| Adquisiciones | 0 | $22479 | 0 | 0 | 0 | 0 | -$4.5M | 0 | -$943000 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$107012 | -$250525 | -$142794 | 0 |
| Dividendos Pagados | -$166984 | -$44154 | -$29572 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $202943 | -$168829 | -$17536 | $50489 | $1.2M | $606035 | -$266598 | -$747175 | -$1.2M | $111951 |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $325177 | -$117924 | -$97650 | $215140 |
| Inversiones (CapEx) | -$63397 | $14837 | -$40113 | -$52862 |
| Flujo de Caja Libre | $261780 | -$103087 | -$137763 | $162278 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $25334 | $21931 | $16375 | $43084 |
Crecimiento y Márgenes (10 años)
| Año | 2014 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +33.9% | -0.8% | -8.1% | +25.9% | +3.6% | +49.1% | +11.7% | +5.3% | -9.0% |
| Crecimiento Beneficio Neto (anual) | | -198.2% | +108.2% | -1871.7% | +314.9% | -23.3% | -192.5% | -57.8% | -160.5% | +70.2% |
| Crecimiento BPA (anual) | | -233.5% | +108.1% | -1886.3% | +319.5% | -30.0% | -162.2% | -60.7% | -164.3% | +70.3% |
| Cambio en Acciones (anual) | | -26.4% | +0.0% | -0.1% | +0.1% | +8.3% | +47.4% | -3.1% | -1.1% | -0.6% |
| Crecimiento FCF (anual) | | -183.2% | +89.6% | +387.9% | +2362.1% | -51.2% | -144.0% | -180.3% | -63.0% | +109.2% |
| Margen Bruto | 22.7% | 8.4% | 28.1% | 27.3% | 33.5% | 32.9% | 28.7% | 21.5% | 20.8% | 28.8% |
| Margen Operativo | 5.3% | -0.3% | 3.4% | -5.8% | 6.5% | 11.6% | -3.1% | -9.8% | -11.5% | -2.9% |
| Margen EBITDA | 7.2% | 2.6% | 6.2% | -2.3% | 15.8% | 14.4% | -1.4% | -2.4% | -8.5% | 0.3% |
| Margen Neto | 4.9% | -3.6% | 0.3% | -5.7% | 9.7% | 7.2% | -4.5% | -6.3% | -15.6% | -5.1% |
| Margen FCF | 3.8% | -2.4% | -0.2% | 0.8% | 15.2% | 7.2% | -2.1% | -5.3% | -8.2% | 0.8% |
| Tasa Impositiva Efectiva | 0.0% | 0.0% | 39.8% | 17.9% | 14.1% | 24.8% | 24.2% | 14.0% | -9.8% | -0.0% |
Datos por Acción (10 años)
| Año | 2014 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.04 | $-0.04 | $-0.00 | $0.01 | $0.31 | $0.14 | $-0.04 | $-0.12 | $-0.20 | $0.02 |
| Dividendo por Acción | $0.03 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $5.5M | $4.0M | $4.0M | $4.0M | $4.0M | $4.4M | $6.5M | $6.3M | $6.2M | $6.2M |
Qué mirar en empresas de Consumer Cyclical
- Margen operativo medio 5a (Media del ciclo) — Mira la media del ciclo, no el año actual (pico o valle).
- Rotación de inventario (≥4x/año) — El retail sano rota inventario rápido. Una caída señala demanda débil.
- ROIC medio 5a (≥12%) — Cíclicas con ROIC medio >12% son ganadoras estructurales.
- Deuda neta / EBITDA (pico) (<3x en valle) — En cíclicas la deuda mata en recesión.
- Current Ratio (>1,5x) — Aguanta 12-18 meses sin caja operativa.
- Altman Z-Score (>2,99 seguro) — Modelo de bancarrota — clave en cíclicas sensibles a recesión.
Rentabilidad
| Rentabilidad sobre capital | -8.98% |
| Rentabilidad sobre capital invertido | -1.43% |
| Rentabilidad sobre activos | -5.60% |
| Margen bruto | 20.44% |
| Margen operativo | -1.09% |
| Margen neto | -4.57% |
Salud financiera
| Deuda / Patrimonio | 0.26 |
| Ratio corriente | 4.48 |
Ratios Clave (10 años)
| Año | 2014 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| P/E | 96.40 | -72.22 | 892.16 | -49.95 | 22.75 | 22.14 | -20.99 | -17.86 | -3.89 | -12.91 |
| P/VC | 7974.82 | -12.08 | -17.69 | -13.18 | -26.22 | 1.28 | 1.16 | 1.70 | 1.28 | 1.36 |
| P/V | 4.71 | 2.59 | 2.61 | 2.84 | 2.26 | 1.61 | 0.94 | 1.11 | 0.60 | 0.65 |
| Margen Bruto | 22.7% | 8.4% | 28.1% | 27.3% | 33.5% | 32.9% | 28.7% | 21.5% | 20.8% | 28.8% |
| Margen Operativo | 5.3% | -0.3% | 3.4% | -5.8% | 6.5% | 11.6% | -3.1% | -9.8% | -11.5% | -2.9% |
| Margen Neto | 4.9% | -3.6% | 0.3% | -5.7% | 9.7% | 7.2% | -4.5% | -6.3% | -15.6% | -5.1% |