Estados financieros detallados de Consensus Cloud Solutions, Inc. (CCSI): 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
Consensus Cloud Solutions, Inc. registró ingresos de $349.7M en el último ejercicio fiscal, con un CAGR de 5 años del 1.1%. El beneficio neto alcanzó $84.5M, con un CAGR a 5 años del -11.2%.
Márgenes de los últimos 12 meses: margen bruto 80.2%, margen operativo 41.8%, margen neto 26.7%. El flujo de caja libre creció a un CAGR del -12.2% en 5 años.
Al precio actual de $36.62, CCSI cotiza a un P/E de 7.23 y un ROE del 5.07%. La capitalización bursátil es de $674M.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $598.0M | $322.6M | $331.2M | $352.7M | $362.4M | $362.6M | $350.4M | $349.7M |
| Coste de Ventas | $122.2M | $50.0M | $53.4M | $58.0M | $62.0M | $68.3M | $69.7M | $70.6M |
| Beneficio Bruto | $475.8M | $272.6M | $277.8M | $294.7M | $300.5M | $294.2M | $280.7M | $279.1M |
| I+D | $27.7M | $9.7M | $7.1M | $7.7M | $10.0M | $7.7M | $7.7M | $7.5M |
| Generales y Administrativos | $218.0M | $73.0M | $74.0M | $111.9M | $138.5M | $139.3M | $123.6M | $121.4M |
| Gastos Operativos | $245.7M | $82.7M | $81.1M | $119.5M | $148.6M | $147.0M | $131.3M | $128.9M |
| Beneficio Operativo | $230.1M | $189.8M | $196.7M | $175.1M | $151.9M | $147.2M | $149.4M | $150.2M |
| EBITDA | $290.0M | $321.8M | $308.0M | $227.2M | $165.6M | $166.0M | $176.7M | $168.3M |
| Gastos por Intereses | $37.3M | $43.5M | $75.8M | $14.3M | $51.4M | $45.4M | $34.0M | $35.5M |
| Beneficio Antes de Impuestos | $192.0M | $145.7M | $152.5M | $161.1M | $98.9M | $103.2M | $122.2M | $114.0M |
| Impuestos | $39.9M | -$33.1M | $30.0M | $39.9M | $26.2M | $25.9M | $32.8M | $29.5M |
| Beneficio Neto | $152.1M | $213.0M | $152.9M | $109.0M | $72.7M | $77.2M | $89.4M | $84.5M |
| BPA | $7.58 | $10.62 | $6.77 | $6.53 | $3.65 | $3.94 | $4.64 | $4.39 |
| BPA Diluido | $7.58 | $10.62 | $6.77 | $6.53 | $3.62 | $3.94 | $4.61 | $4.35 |
| Acciones en Circulación (Diluidas) | $20.1M | $20.1M | $20.1M | $20.0M | $20.0M | $19.6M | $19.4M | $19.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $87.8M | $87.1M | $88.5M | $91.4M |
| Beneficio Bruto | $70.2M | $69.7M | $71.6M | $73.1M |
| Beneficio Operativo | $37.9M | $35.8M | $37.7M | $36.8M |
| EBITDA | $43.3M | $41.1M | $44.7M | $54.3M |
| Beneficio Neto | $22.1M | $20.5M | $24.7M | $27.4M |
| BPA | $1.16 | $1.08 | $1.32 | $1.49 |
| BPA Diluido | $1.15 | $1.06 | $1.30 | $1.43 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $122.8M | $66.2M | $66.8M | $94.2M | $88.7M | $33.5M | $74.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $45.9M | $16.1M | $24.8M | $28.0M | $26.3M | $24.9M | $23.7M |
| Inventario | 0 | 0 | 0 | 0 | 0 | $1000 | 0 |
| Activos Corrientes | $196.9M | $198.3M | $96.3M | $136.5M | $125.2M | $74.5M | $117.2M |
| Inmovilizado Material | $107.6M | $50.8M | $46.7M | $62.8M | $88.0M | $106.6M | $122.0M |
| Fondo de Comercio | $877.9M | $342.4M | $339.2M | $346.6M | $348.8M | $345.0M | $352.9M |
| Activos Intangibles | $217.9M | $48.8M | $37.9M | $49.2M | $45.0M | $41.2M | $38.8M |
| Activos Totales | $1.47B | $1.49B | $562.8M | $633.9M | $647.3M | $602.2M | $663.8M |
| Cuentas por Pagar | $112.6M | $32.8M | $4.9M | $6.3M | $9.9M | $7.4M | $36.0M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $8.6M | $18.9M | $7.0M |
| Pasivos Corrientes | $226.5M | $204.7M | $78.0M | $71.3M | $71.4M | $79.3M | $65.5M |
| Deuda a Largo | $641.0M | 0 | $792.0M | $793.9M | $725.4M | $574.1M | $561.1M |
| Pasivos Totales | $1.01B | $368.9M | $895.5M | $889.2M | $823.4M | $681.7M | $650.0M |
| Reservas | 0 | 0 | -$318.9M | -$250.4M | -$173.1M | -$83.7M | $849000 |
| Patrimonio Neto | $466.2M | $1.12B | -$332.7M | -$255.3M | -$176.1M | -$79.5M | $13.8M |
| Deuda Total | $703.5M | $28.1M | $808.6M | $810.5M | $749.2M | $607.1M | $580.5M |
| Deuda Neta | $580.8M | -$38.1M | $741.8M | $716.4M | $660.5M | $573.6M | $505.8M |
| Capital Circulante | -$29.6M | -$6.4M | $18.3M | $65.2M | $53.9M | -$4.8M | $51.6M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $97.6M | $74.7M | $92.3M | $98.9M |
| Activos Totales | $675.0M | $663.8M | $678.7M | $696.9M |
| Pasivos Totales | $677.6M | $650.0M | $656.7M | $655.3M |
| Patrimonio Neto | -$2.6M | $13.8M | $22.0M | $41.6M |
| Deuda Total | $591.5M | $580.5M | $568.5M | $565.9M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $152.1M | $213.0M | $152.9M | $109.0M | $72.7M | $77.2M | $89.4M | $84.5M |
| Amortizaciones | $60.8M | $81.0M | $79.8M | $51.8M | $15.3M | $17.4M | $20.5M | $18.7M |
| Compensación en Acciones | $7.1M | $3.8M | $5.6M | $2.5M | $20.1M | $18.2M | $16.8M | $17.7M |
| Cambio en Capital Circulante | -$7.7M | -$35.0M | -$15.3M | -$13.2M | -$27.6M | -$6.0M | -$9.5M | -$11.2M |
| Flujo de Caja Operativo | $235.8M | $226.7M | $238.8M | $233.7M | $83.1M | $114.1M | $121.7M | $136.1M |
| Inversiones (CapEx) | -$14.2M | -$22.9M | -$35.6M | -$34.5M | -$31.0M | -$36.5M | -$33.4M | -$30.2M |
| Adquisiciones | -$98.0M | -$281.6M | -$25.9M | -$8.0M | -$12.2M | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$7.6M | -$23.5M | -$1.0M | -$23.0M |
| Dividendos Pagados | -$212.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $221.6M | $203.8M | $203.2M | $199.2M | $52.1M | $77.7M | $88.3M | $105.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $51.6M | $15.2M | $45.8M | $33.3M |
| Inversiones (CapEx) | -$7.2M | -$7.9M | -$7.4M | -$7.8M |
| Flujo de Caja Libre | $44.4M | $7.3M | $38.5M | $25.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $4.0M | 0 | $4.3M | $5.8M |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -46.1% | +2.7% | +6.5% | +2.8% | +0.0% | -3.4% | -0.2% |
| Crecimiento Beneficio Neto (anual) | | +40.1% | -28.2% | -28.7% | -33.3% | +6.2% | +15.8% | -5.5% |
| Crecimiento BPA (anual) | | +40.1% | -36.3% | -3.5% | -44.1% | +7.9% | +17.8% | -5.4% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | -0.4% | -0.1% | -1.8% | -1.1% | +0.3% |
| Crecimiento FCF (anual) | | -8.1% | -0.3% | -2.0% | -73.8% | +49.0% | +13.7% | +19.9% |
| Margen Bruto | 79.6% | 84.5% | 83.9% | 83.6% | 82.9% | 81.2% | 80.1% | 79.8% |
| Margen Operativo | 38.5% | 58.9% | 59.4% | 49.7% | 41.9% | 40.6% | 42.6% | 43.0% |
| Margen EBITDA | 48.5% | 99.8% | 93.0% | 64.4% | 45.7% | 45.8% | 50.4% | 48.1% |
| Margen Neto | 25.4% | 66.0% | 46.2% | 30.9% | 20.1% | 21.3% | 25.5% | 24.2% |
| Margen FCF | 37.1% | 63.2% | 61.4% | 56.5% | 14.4% | 21.4% | 25.2% | 30.3% |
| Tasa Impositiva Efectiva | 20.8% | -22.7% | 19.7% | 24.8% | 26.5% | 25.1% | 26.8% | 25.9% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $11.05 | $10.16 | $10.13 | $9.97 | $2.61 | $3.96 | $4.56 | $5.44 |
| Dividendo por Acción | $10.57 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $20.1M | $20.1M | $20.1M | $20.0M | $19.9M | $19.6M | $19.3M | $19.3M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 506.78% |
| Rentabilidad sobre capital invertido | 17.61% |
| Rentabilidad sobre activos | 13.58% |
| Margen bruto | 80.24% |
| Margen operativo | 41.80% |
| Margen neto | 26.69% |
Salud financiera
| Deuda / Patrimonio | 13.62 |
| Ratio corriente | 1.90 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.76 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 4.70 | 3.35 | 5.26 | 8.86 | 14.73 | 6.65 | 5.14 | 4.97 |
| P/VC | 0.00 | 1.53 | 0.64 | -3.48 | -4.18 | -2.91 | -5.79 | 30.50 |
| P/V | 1.20 | 2.22 | 2.16 | 3.28 | 2.95 | 1.42 | 1.31 | 1.20 |
| Margen Bruto | 79.6% | 84.5% | 83.9% | 83.6% | 82.9% | 81.2% | 80.1% | 79.8% |
| Margen Operativo | 38.5% | 58.9% | 59.4% | 49.7% | 41.9% | 40.6% | 42.6% | 43.0% |
| Margen Neto | 25.4% | 66.0% | 46.2% | 30.9% | 20.1% | 21.3% | 25.5% | 24.2% |