Estados financieros detallados de Cross Country Healthcare, Inc. (CCRN): 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
Cross Country Healthcare, Inc. registró ingresos de $1.05B en el último ejercicio fiscal, con un CAGR de 5 años del 4.7%.
Márgenes de los últimos 12 meses: margen bruto 19.8%, margen operativo -2.1%, margen neto -9.8%. El flujo de caja libre creció a un CAGR del 12.2% en 5 años.
Al precio actual de $13.25, CCRN presenta beneficios negativos (P/E no significativo) y un ROE del -27.10%. La capitalización bursátil es de $428M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $833.5M | $865.0M | $816.5M | $822.2M | $836.4M | $1.68B | $2.80B | $2.02B | $1.34B | $1.05B |
| Coste de Ventas | $611.8M | $636.5M | $606.9M | $618.2M | $633.7M | $1.30B | $2.18B | $1.57B | $1.07B | $857.5M |
| Beneficio Bruto | $221.7M | $228.6M | $209.6M | $204.0M | $202.7M | $375.0M | $624.5M | $450.4M | $274.3M | $196.8M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $180.4M | $189.3M | $182.4M | $184.0M | $176.8M | $220.0M | $324.2M | $315.0M | $254.8M | $200.7M |
| Gastos Operativos | $189.0M | $197.6M | $192.0M | $219.7M | $211.9M | $235.7M | $354.6M | $337.7M | $291.1M | $200.2M |
| Beneficio Operativo | $6.2M | $11.7M | -$12.9M | -$15.7M | -$9.2M | $139.3M | $269.9M | $112.7M | -$16.9M | -$3.5M |
| EBITDA | $41.3M | $18.7M | -$761000 | $20.0M | $25.9M | $154.6M | $280.1M | $129.3M | $16.8M | -$64.5M |
| Gastos por Intereses | $6.1M | $4.2M | $5.7M | $5.3M | $2.9M | $6.9M | $14.4M | $8.1M | $2.2M | $2.2M |
| Beneficio Antes de Impuestos | $4.5M | $4.3M | -$18.2M | -$24.2M | -$12.3M | $133.2M | $253.1M | $102.9M | -$16.4M | -$83.5M |
| Impuestos | -$4.2M | -$34.5M | -$2.5M | $31.7M | -$188000 | $1.2M | $67.1M | $30.3M | -$1.8M | $11.3M |
| Beneficio Neto | $8.0M | $37.5M | -$17.0M | -$57.7M | -$13.0M | $132.0M | $186.0M | $72.6M | -$14.6M | -$94.9M |
| BPA | $0.25 | $1.07 | $-0.48 | $-1.56 | $-0.34 | $3.60 | $5.09 | $2.07 | $-0.44 | $-2.93 |
| BPA Diluido | $0.15 | $1.01 | $-0.48 | $-1.56 | $-0.34 | $3.53 | $5.02 | $2.05 | $-0.44 | $-2.93 |
| Acciones en Circulación (Diluidas) | $36.2M | $36.2M | $35.7M | $35.8M | $36.1M | $37.4M | $37.5M | $35.5M | $33.4M | $32.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Ingresos | $274.1M | $250.1M | $236.8M | $241.1M |
| Beneficio Bruto | $56.0M | $50.9M | $48.0M | $43.9M |
| Beneficio Operativo | -$5.9M | -$6.0M | -$7.1M | -$2.0M |
| EBITDA | -$1.1M | -$993000 | -$66.8M | $502000 |
| Beneficio Neto | -$6.7M | -$4.8M | -$82.9M | -$4.3M |
| BPA | $-0.20 | $-0.15 | $-2.56 | $-0.14 |
| BPA Diluido | $-0.20 | $-0.15 | $-2.56 | $-0.14 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $20.6M | $25.5M | $16.0M | $1.0M | $1.6M | $1.0M | $3.6M | $17.1M | $81.6M | $108.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $176.7M | $177.1M | $170.3M | $174.5M | $174.7M | $499.0M | $660.0M | $388.3M | $242.9M | $176.0M |
| Inventario | $6.1M | $5.3M | $6.2M | 0 | 0 | 0 | $11.1M | 0 | 0 | 0 |
| Activos Corrientes | $205.6M | $208.9M | $194.9M | $183.4M | $183.1M | $508.3M | $675.7M | $415.2M | $335.0M | $293.6M |
| Inmovilizado Material | $12.8M | $14.1M | $13.6M | $28.9M | $22.9M | $23.4M | $22.9M | $29.9M | $31.3M | $30.0M |
| Fondo de Comercio | $79.6M | $117.6M | $101.1M | $101.1M | $90.9M | $119.5M | $163.3M | $135.4M | $135.1M | $63.8M |
| Activos Intangibles | $72.2M | $87.7M | $75.6M | $50.9M | $40.7M | $48.2M | $44.7M | $54.5M | $42.2M | $27.6M |
| Activos Totales | $388.4M | $467.7M | $427.0M | $382.4M | $357.0M | $732.8M | $947.8M | $679.3M | $589.3M | $449.0M |
| Cuentas por Pagar | $43.4M | $50.6M | $43.7M | $45.7M | $49.9M | $109.8M | $12.9M | $3.0M | $5.7M | $2.0M |
| Deuda a Corto | $2.3M | $6.9M | $5.2M | 0 | $2.4M | $8.3M | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $97.1M | $94.6M | $85.4M | $85.5M | $93.4M | $199.8M | $271.6M | $148.6M | $120.4M | $77.8M |
| Deuda a Largo | $84.8M | $92.3M | $77.9M | $71.0M | $55.8M | $176.4M | $148.7M | 0 | 0 | 0 |
| Pasivos Totales | $236.6M | $230.0M | $208.8M | $218.9M | $202.1M | $435.3M | $490.6M | $205.9M | $170.3M | $126.1M |
| Reservas | -$104.1M | -$67.1M | -$84.1M | -$141.8M | -$154.7M | -$22.7M | $165.7M | $238.4M | $218.1M | $123.2M |
| Patrimonio Neto | $151.2M | $237.1M | $217.5M | $162.6M | $154.4M | $297.5M | $457.2M | $473.4M | $419.0M | $322.8M |
| Deuda Total | $87.0M | $99.1M | $83.2M | $94.9M | $78.0M | $195.5M | $157.7M | $5.3M | $3.9M | $2.3M |
| Deuda Neta | $66.4M | $73.6M | $67.2M | $93.9M | $76.4M | $194.4M | $154.1M | -$11.8M | -$77.8M | -$106.4M |
| Capital Circulante | $108.5M | $114.3M | $109.5M | $97.9M | $89.7M | $308.5M | $404.0M | $266.6M | $214.6M | $215.8M |
Balance (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caja y Equivalentes | $81.2M | $99.1M | $108.7M | $105.6M |
| Activos Totales | $553.8M | $538.2M | $449.0M | $451.1M |
| Pasivos Totales | $141.6M | $130.1M | $126.1M | $138.3M |
| Patrimonio Neto | $412.2M | $408.1M | $322.8M | $312.8M |
| Deuda Total | $2.8M | $2.2M | $2.3M | $2.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $8.7M | $38.8M | -$15.7M | -$55.9M | -$12.1M | $132.0M | $186.0M | $72.6M | -$14.6M | -$94.9M |
| Amortizaciones | $9.2M | $10.2M | $11.8M | $14.1M | $12.7M | $9.9M | $12.6M | $18.3M | $18.2M | $16.8M |
| Compensación en Acciones | $3.4M | $4.1M | $3.6M | $3.4M | $5.4M | $6.9M | $7.4M | $6.6M | $6.0M | $7.1M |
| Cambio en Capital Circulante | -$12.4M | $3.1M | -$7.4M | -$14.2M | -$2.9M | -$237.3M | -$103.7M | $127.5M | $87.6M | $30.5M |
| Flujo de Caja Operativo | $30.1M | $45.5M | $21.0M | $5.5M | $27.2M | -$85.6M | $134.1M | $248.5M | $120.1M | $48.3M |
| Inversiones (CapEx) | -$6.5M | -$5.1M | -$4.6M | -$2.9M | -$4.6M | -$7.2M | -$8.8M | -$14.0M | -$8.7M | -$8.2M |
| Adquisiciones | -$3.3M | -$86.3M | -$2.1M | -$1.6M | -$1.2M | -$26.9M | -$35.1M | $199000 | 0 | 0 |
| Recompra de Acciones | 0 | -$1.8M | -$5.0M | -$801000 | -$658000 | -$2.2M | -$35.3M | -$57.7M | -$37.3M | -$6.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $23.6M | $40.4M | $16.4M | $2.6M | $22.6M | -$92.8M | $125.3M | $234.5M | $111.4M | $40.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | $4.2M | $20.1M | $18.2M | $4.8M |
| Inversiones (CapEx) | -$2.0M | -$2.2M | -$2.1M | -$1.5M |
| Flujo de Caja Libre | $2.2M | $17.9M | $16.1M | $3.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $870000 | $766000 | $4.2M | $1.2M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +3.8% | -5.6% | +0.7% | +1.7% | +100.5% | +67.2% | -28.0% | -33.5% | -21.6% |
| Crecimiento Beneficio Neto (anual) | | +370.9% | -145.2% | -240.5% | +77.5% | +1118.4% | +40.9% | -60.9% | -120.0% | -551.6% |
| Crecimiento BPA (anual) | | +328.0% | -144.9% | -225.0% | +78.2% | +1158.8% | +41.4% | -59.3% | -121.3% | -565.9% |
| Cambio en Acciones (anual) | | -0.2% | -1.4% | +0.4% | +0.8% | +3.6% | +0.4% | -5.5% | -5.9% | -2.9% |
| Crecimiento FCF (anual) | | +71.0% | -59.4% | -84.1% | +768.1% | -510.8% | +235.0% | +87.2% | -52.5% | -64.0% |
| Margen Bruto | 26.6% | 26.4% | 25.7% | 24.8% | 24.2% | 22.4% | 22.3% | 22.3% | 20.4% | 18.7% |
| Margen Operativo | 0.7% | 1.4% | -1.6% | -1.9% | -1.1% | 8.3% | 9.6% | 5.6% | -1.3% | -0.3% |
| Margen EBITDA | 5.0% | 2.2% | -0.1% | 2.4% | 3.1% | 9.2% | 10.0% | 6.4% | 1.2% | -6.1% |
| Margen Neto | 1.0% | 4.3% | -2.1% | -7.0% | -1.5% | 7.9% | 6.6% | 3.6% | -1.1% | -9.0% |
| Margen FCF | 2.8% | 4.7% | 2.0% | 0.3% | 2.7% | -5.5% | 4.5% | 11.6% | 8.3% | 3.8% |
| Tasa Impositiva Efectiva | -92.1% | -802.2% | 13.6% | -131.1% | 1.5% | 0.9% | 26.5% | 29.4% | 11.2% | -13.6% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.65 | $1.12 | $0.46 | $0.07 | $0.63 | $-2.48 | $3.34 | $6.61 | $3.34 | $1.24 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $32.1M | $35.0M | $35.3M | $35.8M | $36.1M | $36.7M | $37.0M | $35.2M | $33.4M | $32.4M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | -27.10% |
| Rentabilidad sobre capital invertido | -5.78% |
| Rentabilidad sobre activos | -21.87% |
| Margen bruto | 19.84% |
| Margen operativo | -2.08% |
| Margen neto | -9.84% |
Salud financiera
| Deuda / Patrimonio | 0.01 |
| Ratio corriente | 3.29 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 4.53 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 62.44 | 11.93 | -15.27 | -7.45 | -26.09 | 7.71 | 5.22 | 10.94 | -41.27 | -2.76 |
| P/VC | 3.32 | 1.88 | 1.19 | 2.56 | 2.07 | 3.42 | 2.15 | 1.68 | 1.45 | 0.81 |
| P/V | 0.60 | 0.52 | 0.32 | 0.51 | 0.38 | 0.61 | 0.35 | 0.39 | 0.45 | 0.25 |
| Margen Bruto | 26.6% | 26.4% | 25.7% | 24.8% | 24.2% | 22.4% | 22.3% | 22.3% | 20.4% | 18.7% |
| Margen Operativo | 0.7% | 1.4% | -1.6% | -1.9% | -1.1% | 8.3% | 9.6% | 5.6% | -1.3% | -0.3% |
| Margen Neto | 1.0% | 4.3% | -2.1% | -7.0% | -1.5% | 7.9% | 6.6% | 3.6% | -1.1% | -9.0% |