Estados financieros detallados de Finance of America Companies Inc. (FOA): 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
Finance of America Companies Inc. registró ingresos de $2.13B en el último ejercicio fiscal, con un CAGR de 5 años del -2.3%. El beneficio neto alcanzó $45.2M, con un CAGR a 5 años del -38.6%.
Márgenes de los últimos 12 meses: margen bruto 39.2%, margen operativo 24.4%, margen neto -0.0%.
Al precio actual de $14.53, FOA presenta beneficios negativos (P/E no significativo) y un ROE del 13.97%. La capitalización bursátil es de $130M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $778.5M | $789.3M | $1.51B | $2.39B | $1.32B | $687.0M | $1.57B | $1.95B | $2.13B |
| Coste de Ventas | 0 | 0 | $666.4M | $649.7M | $62.2M | $719.3M | $1.39B | $1.68B | $1.72B |
| Beneficio Bruto | $778.5M | $789.3M | $847.6M | $1.74B | $1.26B | -$32.4M | $177.0M | $270.6M | $412.0M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $715.4M | $733.7M | $701.3M | $1.15B | $1.54B | $258.7M | $258.9M | $211.9M | $222.8M |
| Gastos Operativos | $723.6M | $741.7M | $770.0M | $1.24B | $1.05B | $310.6M | $343.9M | $227.8M | $298.9M |
| Beneficio Operativo | $63.1M | $55.5M | $77.6M | $500.3M | $206.6M | -$343.0M | -$166.8M | $42.8M | $113.1M |
| EBITDA | $134.1M | $14.4M | $96.9M | $519.6M | -$1.13B | -$278.0M | -$119.3M | $81.8M | $151.7M |
| Gastos por Intereses | 0 | 0 | $666.4M | $649.7M | $142.1M | $719.3M | $1.39B | $1.68B | $1.72B |
| Beneficio Antes de Impuestos | $54.9M | $47.5M | $77.6M | $500.3M | -$1.20B | -$343.0M | -$166.8M | $42.8M | $113.1M |
| Impuestos | $53000 | $286000 | $949000 | $2.3M | -$19.5M | -$17.1M | -$593000 | $2.4M | $3.5M |
| Beneficio Neto | $52.7M | $32.1M | $54.4M | $518.4M | -$251.9M | -$190.7M | -$80.1M | $15.5M | $45.2M |
| BPA | $14.66 | $8.92 | $23.69 | $86.57 | $-41.79 | $-30.61 | $-9.77 | $1.57 | $3.74 |
| BPA Diluido | $14.66 | $8.92 | $23.69 | $86.57 | $-13.30 | $-10.09 | $-9.77 | $1.56 | $3.74 |
| Acciones en Circulación (Diluidas) | $3.6M | $3.6M | $3.2M | $2.9M | $18.9M | $18.9M | $8.2M | $9.9M | $8.5M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $490.9M | $493.4M | $509.1M | $62.4M |
| Beneficio Bruto | $438.0M | $57.8M | $95.0M | $19.7M |
| Beneficio Operativo | $395.3M | -$22.0M | $36.3M | -$29.9M |
| EBITDA | $399.6M | -$12.4M | $46.1M | $386.4M |
| Beneficio Neto | -$9.5M | -$10.4M | $17.5M | $2.1M |
| BPA | $-1.05 | $-1.34 | $1.93 | $0.10 |
| BPA Diluido | $-1.05 | $-1.34 | $1.77 | $0.26 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $25000 | $118.1M | $247.3M | $143.5M | $61.1M | $46.5M | $47.4M | $324.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | 0 | 0 | $115.5M | $109.1M | $120.2M | $104.1M | $62.9M | $26.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $91.9M | $118.1M | $386.2M | $287.1M | $192.0M | $162.9M | $122.3M | $324.6M |
| Inmovilizado Material | $30.5M | $84.1M | $71.1M | $91.8M | $37.1M | $29.4M | $24.4M | $22.0M |
| Fondo de Comercio | $119.3M | $121.1M | $121.2M | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $24.7M | $21.3M | $197.6M | $1.03B | $392.2M | $260.0M | $216.3M | $179.6M |
| Activos Totales | $13.73B | $16.58B | $19.57B | $21.79B | $20.87B | $27.11B | $29.16B | $30.73B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | 0 | 0 | $3.02B | $3.36B | $1.34B | $1.27B | $1.28B | $40.6M |
| Pasivos Corrientes | $92.0M | $135.6M | $3.25B | $3.60B | $1.42B | $1.28B | $1.29B | $40.6M |
| Deuda a Largo | $3.30B | $3.90B | $15.40B | $16.89B | $18.74B | $25.33B | $27.41B | $28.98B |
| Pasivos Totales | $13.13B | $15.91B | $18.94B | $20.71B | $20.47B | $26.84B | $28.84B | $30.34B |
| Reservas | 0 | 0 | 0 | -$443.6M | -$634.3M | -$714.4M | -$698.9M | -$653.7M |
| Patrimonio Neto | $114354 | $482.7M | $628.2M | $387.9M | $253.9M | $232.3M | $255.3M | $323.9M |
| Deuda Total | $3.30B | $3.90B | $18.46B | $20.31B | $20.12B | $26.63B | $28.72B | $30.21B |
| Deuda Neta | $3.30B | $3.78B | $18.21B | $20.16B | $20.06B | $26.58B | $28.67B | $29.88B |
| Capital Circulante | -$95000 | -$17.5M | -$2.86B | -$3.31B | -$1.23B | -$1.12B | -$1.17B | $284.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $402.4M | $89.5M | $108.0M | $85.28B |
| Activos Totales | $30.66B | $30.73B | $31.33B | $37.32B |
| Pasivos Totales | $30.29B | $30.34B | $30.89B | $36.91B |
| Patrimonio Neto | $283.2M | $323.9M | $347.7M | $346.7M |
| Deuda Total | $30.16B | $30.23B | $30.76B | $36.76B |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $52.7M | $32.1M | $76.6M | $497.9M | -$251.9M | -$64.4M | -$218.2M | -$142.6M | $103.0M |
| Amortizaciones | $8.0M | $14.4M | $19.3M | $19.3M | $62.2M | $42.0M | $47.5M | $38.9M | $38.6M |
| Compensación en Acciones | 0 | $341000 | $2.9M | 0 | 0 | 0 | $24.7M | $8.8M | $10.2M |
| Cambio en Capital Circulante | -$74.9M | $93.1M | -$34.3M | $21.9M | $841.6M | $2.12B | $1.9M | -$50.5M | -$5.2M |
| Flujo de Caja Operativo | $260.2M | $605.9M | $101.1M | -$686.1M | -$96.6M | $1.41B | -$71.6M | -$423.8M | -$429.7M |
| Inversiones (CapEx) | -$11.2M | -$15.4M | -$4.3M | -$23.1M | -$18.1M | 0 | 0 | 0 | 0 |
| Adquisiciones | $31.1M | -$4.6M | 0 | -$197000 | -$29.2M | 0 | -$69.7M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$40.1M |
| Dividendos Pagados | -$1.0M | 0 | -$2.7M | -$380.4M | -$75.0M | 0 | 0 | 0 | -$196000 |
| Flujo de Caja Libre | $248.9M | $590.5M | $96.8M | -$709.2M | -$114.7M | $1.41B | -$71.6M | -$423.8M | -$429.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$149.7M | -$91.4M | -$130.9M | -$183.3M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$149.7M | -$91.4M | -$130.9M | -$183.3M |
| Dividendos Pagados | 0 | 0 | -$1.1M | -$1.1M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +1.4% | +91.8% | +57.8% | -44.8% | -47.9% | +128.4% | +24.2% | +9.2% |
| Crecimiento Beneficio Neto (anual) | | -39.1% | +69.7% | +852.7% | -148.6% | +24.3% | +58.0% | +119.3% | +192.1% |
| Crecimiento BPA (anual) | | -39.2% | +165.6% | +265.4% | -148.3% | +26.8% | +68.1% | +116.1% | +138.2% |
| Cambio en Acciones (anual) | | +0.0% | -10.0% | -11.1% | +558.9% | -0.2% | -56.6% | +21.1% | -14.6% |
| Crecimiento FCF (anual) | | +137.2% | -83.6% | -832.4% | +83.8% | +1327.2% | -105.1% | -492.2% | -1.4% |
| Margen Bruto | 100.0% | 100.0% | 56.0% | 72.8% | 95.3% | -4.7% | 11.3% | 13.9% | 19.4% |
| Margen Operativo | 8.1% | 7.0% | 5.1% | 20.9% | 15.7% | -49.9% | -10.6% | 2.2% | 5.3% |
| Margen EBITDA | 17.2% | 1.8% | 6.4% | 21.8% | -86.1% | -40.5% | -7.6% | 4.2% | 7.1% |
| Margen Neto | 6.8% | 4.1% | 3.6% | 21.7% | -19.1% | -27.8% | -5.1% | 0.8% | 2.1% |
| Margen FCF | 32.0% | 74.8% | 6.4% | -29.7% | -8.7% | 204.9% | -4.6% | -21.7% | -20.2% |
| Tasa Impositiva Efectiva | 0.1% | 0.6% | 1.2% | 0.5% | 1.6% | 5.0% | 0.4% | 5.6% | 3.1% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $69.26 | $164.31 | $29.94 | $-246.68 | $-6.06 | $74.46 | $-8.73 | $-42.68 | $-50.68 |
| Dividendo por Acción | $0.28 | $0.00 | $0.83 | $132.32 | $3.96 | $0.00 | $0.00 | $0.00 | $0.02 |
| Acciones en Circulación (Básicas) | $3.6M | $3.6M | $3.2M | $2.9M | $6.0M | $6.2M | $8.2M | $9.9M | $8.5M |
Qué mirar en Servicios Financieros
Asset managers, brokers, fintech, bolsas. No son bancos — mira AUM, comisiones y calidad del FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | 13.97% |
| Rentabilidad sobre capital invertido | 0.36% |
| Rentabilidad sobre activos | 0.15% |
| Margen bruto | 39.24% |
| Margen operativo | 24.40% |
| Margen neto | -0.02% |
Salud financiera
| Deuda / Patrimonio | 106.04 |
| Ratio corriente | 0.11 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 6.61 | 10.86 | 4.23 | 1.20 | -0.95 | -0.41 | -1.13 | 17.91 | 6.47 |
| P/VC | 0.00 | 3043.87 | 0.67 | 0.48 | 0.62 | 0.31 | 0.39 | 1.09 | 0.63 |
| P/V | 0.45 | 0.44 | 0.21 | 0.13 | 0.18 | 0.12 | 0.06 | 0.14 | 0.10 |
| Margen Bruto | 100.0% | 100.0% | 56.0% | 72.8% | 95.3% | -4.7% | 11.3% | 13.9% | 19.4% |
| Margen Operativo | 8.1% | 7.0% | 5.1% | 20.9% | 15.7% | -49.9% | -10.6% | 2.2% | 5.3% |
| Margen Neto | 6.8% | 4.1% | 3.6% | 21.7% | -19.1% | -27.8% | -5.1% | 0.8% | 2.1% |