Estados financieros detallados de GrowGeneration Corp. (GRWG): 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
GrowGeneration Corp. registró ingresos de $161.7M en el último ejercicio fiscal, con un CAGR de 5 años del -3.5%.
Márgenes de los últimos 12 meses: margen bruto 22.4%, margen operativo -10.7%, margen neto -10.1%.
Al precio actual de $1.51, GRWG presenta beneficios negativos (P/E no significativo) y un ROE del -24.66%. La capitalización bursátil es de $91M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $8.0M | $14.4M | $29.0M | $79.7M | $193.4M | $422.5M | $278.2M | $225.9M | $188.9M | $161.7M |
| Coste de Ventas | $5.8M | $11.1M | $22.6M | $57.7M | $142.3M | $304.2M | $207.9M | $164.6M | $145.1M | $129.8M |
| Beneficio Bruto | $2.2M | $3.3M | $6.4M | $22.0M | $51.0M | $118.2M | $70.3M | $61.3M | $43.7M | $32.0M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $2.2M | $3.0M | $5.1M | $9.3M | $20.9M | $40.9M | $36.8M | $29.8M | $68.3M | $56.3M |
| Gastos Operativos | $2.5M | $6.1M | $10.7M | $20.4M | $42.6M | $103.2M | $238.1M | $111.1M | $95.7M | $56.3M |
| Beneficio Operativo | -$425993 | -$2.9M | -$4.3M | $1.6M | $8.4M | $15.0M | -$167.9M | -$49.8M | -$52.0M | -$24.3M |
| EBITDA | -$373031 | -$2.4M | -$3.7M | $2.8M | $11.0M | $27.9M | -$149.5M | -$29.8M | -$29.8M | -$12.6M |
| Gastos por Intereses | $5251 | $15339 | $1.0M | $401497 | $14053 | $43000 | $21000 | $97000 | $70000 | 0 |
| Beneficio Antes de Impuestos | -$431244 | -$2.5M | -$5.1M | $1.3M | $8.6M | $15.2M | -$166.6M | -$46.5M | -$49.4M | -$23.9M |
| Impuestos | 0 | $16551 | 0 | 0 | $3.3M | $2.4M | -$2.9M | $32000 | $158000 | $191000 |
| Beneficio Neto | -$431244 | -$2.5M | -$5.1M | $1.3M | $5.3M | $12.8M | -$163.7M | -$46.5M | -$49.5M | -$24.0M |
| BPA | $-0.05 | $-0.18 | $-0.22 | $0.05 | $0.12 | $0.22 | $-2.69 | $-0.76 | $-0.82 | $-0.40 |
| BPA Diluido | $-0.05 | $-0.18 | $-0.22 | $0.04 | $0.11 | $0.21 | $-2.69 | $-0.76 | $-0.82 | $-0.40 |
| Acciones en Circulación (Diluidas) | $9.2M | $14.5M | $23.5M | $33.9M | $46.5M | $60.5M | $60.8M | $61.2M | $60.2M | $59.7M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $606644 | $1.2M | $14.6M | $13.0M | $177.9M | $41.4M | $40.1M | $29.8M | $27.5M | $30.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | $39.8M | $31.9M | $35.2M | $29.0M | $15.7M |
| Cuentas por Cobrar | $391235 | $653568 | $862397 | $4.0M | $3.9M | $8.2M | $9.6M | $9.1M | $8.4M | $11.2M |
| Inventario | $2.6M | $4.6M | $8.9M | $21.6M | $54.0M | $105.6M | $77.1M | $64.9M | $40.3M | $38.8M |
| Activos Corrientes | $3.6M | $7.2M | $25.0M | $41.1M | $250.2M | $216.9M | $170.7M | $147.5M | $113.2M | $103.7M |
| Inmovilizado Material | $549854 | $1.3M | $1.8M | $11.0M | $19.5M | $67.8M | $75.1M | $67.0M | $49.9M | $36.8M |
| Fondo de Comercio | $243000 | $592500 | $8.8M | $17.8M | $63.0M | $125.4M | $16.0M | $7.5M | $1.6M | $2.1M |
| Activos Intangibles | 0 | $53286 | $114155 | $233280 | $20.5M | $48.4M | $30.9M | $16.2M | $8.8M | $3.3M |
| Activos Totales | $4.4M | $9.3M | $35.9M | $70.9M | $354.7M | $459.3M | $293.4M | $239.1M | $174.4M | $147.0M |
| Cuentas por Pagar | $643793 | $1.1M | $1.8M | $6.0M | $14.6M | $17.0M | $15.7M | $11.7M | $8.1M | $8.8M |
| Deuda a Corto | $23443 | $41707 | $436813 | $110231 | $83000 | $92000 | $50000 | 0 | 0 | $6.5M |
| Pasivos Corrientes | $842918 | $1.6M | $3.4M | $12.1M | $27.4M | $47.1M | $35.8M | $30.9M | $24.3M | $26.0M |
| Deuda a Largo | $41726 | $82537 | $2.4M | $242079 | $158000 | $66000 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $884644 | $1.7M | $5.8M | $18.1M | $37.7M | $88.0M | $77.0M | $65.7M | $54.3M | $49.5M |
| Reservas | -$1.1M | -$3.7M | -$8.8M | -$8.0M | -$2.6M | $10.1M | -$153.6M | -$200.1M | -$255.6M | -$279.7M |
| Patrimonio Neto | $3.6M | $7.6M | $30.1M | $52.8M | $317.0M | $371.3M | $216.4M | $173.4M | $120.1M | $97.5M |
| Deuda Total | $173049 | $124244 | $2.9M | $8.0M | $12.7M | $45.6M | $48.8M | $42.5M | $37.0M | $29.5M |
| Deuda Neta | -$433595 | -$1.1M | -$11.8M | -$5.0M | -$165.2M | -$35.6M | -$23.1M | -$22.5M | -$19.4M | -$16.6M |
| Capital Circulante | $2.8M | $5.6M | $21.6M | $29.0M | $222.9M | $169.8M | $134.9M | $116.5M | $88.9M | $77.8M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | -$431244 | -$2.5M | -$5.1M | $1.3M | $5.3M | $12.8M | -$163.7M | -$46.5M | -$49.5M | -$24.0M |
| Amortizaciones | $52962 | $151561 | $351069 | $1.0M | $2.4M | $12.6M | $17.1M | $16.6M | $19.4M | $11.3M |
| Compensación en Acciones | $184333 | $1.1M | $1.9M | $2.5M | $7.9M | $6.6M | $5.0M | $3.2M | $2.4M | $1.5M |
| Cambio en Capital Circulante | -$1.3M | -$2.2M | $107979 | -$8.7M | -$17.0M | -$30.0M | $25.8M | $12.7M | $19.7M | $1.2M |
| Flujo de Caja Operativo | -$1.5M | -$3.4M | -$1.5M | -$3.3M | -$213000 | $5.2M | $11.9M | $1.4M | -$1.8M | -$9.4M |
| Inversiones (CapEx) | -$331580 | -$1.2M | -$686902 | -$2.4M | -$4.4M | -$18.7M | -$12.9M | -$6.7M | -$2.0M | -$536000 |
| Adquisiciones | 0 | -$403907 | -$5.7M | -$9.5M | -$41.4M | -$80.8M | -$7.2M | -$3.0M | $150000 | -$1.0M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$1.6M | -$263000 | -$6.0M | -$220000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$1.8M | -$4.6M | -$2.2M | -$5.7M | -$4.6M | -$13.6M | -$948000 | -$5.3M | -$3.8M | -$10.0M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +80.0% | +101.9% | +174.9% | +142.5% | +118.5% | -34.2% | -18.8% | -16.4% | -14.4% | |
| Crecimiento Beneficio Neto (anual) | -489.6% | -99.6% | +126.1% | +303.0% | +140.0% | -1380.7% | +71.6% | -6.5% | +51.4% | |
| Crecimiento BPA (anual) | -282.2% | -22.2% | +120.5% | +166.1% | +83.3% | -1322.7% | +71.7% | -7.9% | +51.2% | |
| Cambio en Acciones (anual) | +58.5% | +61.9% | +44.3% | +37.0% | +30.2% | +0.6% | +0.6% | -1.6% | -0.8% | |
| Crecimiento FCF (anual) | -154.4% | +51.4% | -155.5% | +18.5% | -192.6% | +93.0% | -456.6% | +28.4% | -164.3% | |
| Margen Bruto | 27.6% | 22.8% | 22.2% | 27.6% | 26.4% | 28.0% | 25.3% | 27.1% | 23.1% | 19.8% |
| Margen Operativo | -5.3% | -19.8% | -14.7% | 2.0% | 4.4% | 3.6% | -60.4% | -22.1% | -27.5% | -15.0% |
| Margen EBITDA | -4.7% | -16.5% | -12.8% | 3.5% | 5.7% | 6.6% | -53.7% | -13.2% | -15.8% | -7.8% |
| Margen Neto | -5.4% | -17.7% | -17.5% | 1.7% | 2.8% | 3.0% | -58.9% | -20.6% | -26.2% | -14.9% |
| Margen FCF | -22.6% | -31.9% | -7.7% | -7.1% | -2.4% | -3.2% | -0.3% | -2.3% | -2.0% | -6.2% |
| Tasa Impositiva Efectiva | -0.0% | -0.7% | -0.0% | 0.0% | 37.9% | 16.0% | 1.7% | -0.1% | -0.3% | -0.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $-0.20 | $-0.32 | $-0.09 | $-0.17 | $-0.10 | $-0.22 | $-0.02 | $-0.09 | $-0.06 | $-0.17 |
| 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) | $9.2M | $14.1M | $23.1M | $32.8M | $43.9M | $59.2M | $60.8M | $61.2M | $60.2M | $59.7M |
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 | -24.66% |
| Rentabilidad sobre capital invertido | -19.07% |
| Rentabilidad sobre activos | -16.35% |
| Margen bruto | 22.44% |
| Margen operativo | -10.75% |
| Margen neto | -10.07% |
Salud financiera
| Deuda / Patrimonio | 0.29 |
| Ratio corriente | 3.89 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | -124.20 | -32.50 | -10.23 | 90.91 | 335.17 | 59.32 | -1.46 | -3.30 | -2.06 | -3.75 |
| P/VC | 15.05 | 10.90 | 1.73 | 2.55 | 5.58 | 2.08 | 1.10 | 0.89 | 0.85 | 0.92 |
| P/V | 6.71 | 5.75 | 1.79 | 1.69 | 9.14 | 1.83 | 0.86 | 0.68 | 0.54 | 0.55 |
| Margen Bruto | 27.6% | 22.8% | 22.2% | 27.6% | 26.4% | 28.0% | 25.3% | 27.1% | 23.1% | 19.8% |
| Margen Operativo | -5.3% | -19.8% | -14.7% | 2.0% | 4.4% | 3.6% | -60.4% | -22.1% | -27.5% | -15.0% |
| Margen Neto | -5.4% | -17.7% | -17.5% | 1.7% | 2.8% | 3.0% | -58.9% | -20.6% | -26.2% | -14.9% |
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Explorar sector: Consumer Cyclical · Specialty Retail
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