Estados financieros detallados de The Hackett Group, Inc. (HCKT): 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
The Hackett Group, Inc. registró ingresos de $305.6M en el último ejercicio fiscal, con un CAGR de 5 años del 5.0%. El beneficio neto alcanzó $12.9M, con un CAGR a 5 años del 18.8%.
Márgenes de los últimos 12 meses: margen bruto 40.7%, margen operativo 12.6%, margen neto 5.9%. El flujo de caja libre creció a un CAGR del -5.1% en 5 años.
Al precio actual de $10.99, HCKT cotiza a un P/E de 16.91 y un ROE del 22.15%. La capitalización bursátil es de $277M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $288.6M | $285.9M | $285.9M | $282.5M | $239.5M | $278.8M | $293.7M | $296.6M | $313.9M | $305.6M |
| Coste de Ventas | $191.9M | $188.9M | $186.3M | $185.7M | $166.4M | $173.1M | $178.2M | $180.2M | $190.6M | $188.5M |
| Beneficio Bruto | $96.6M | $96.9M | $99.6M | $96.8M | $73.1M | $105.7M | $115.6M | $116.4M | $123.2M | $117.2M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $61.0M | $62.4M | $61.8M | $62.1M | $54.0M | $59.2M | $61.0M | $65.9M | $78.5M | $90.5M |
| Gastos Operativos | $62.1M | $64.4M | $64.1M | $65.5M | $64.5M | $59.2M | $60.3M | $67.1M | $78.6M | $90.5M |
| Beneficio Operativo | $34.6M | $30.8M | $33.6M | $31.3M | $8.6M | $46.5M | $55.2M | $49.3M | $44.6M | $26.6M |
| EBITDA | $38.3M | $33.2M | $38.4M | $35.6M | $13.1M | $50.9M | $58.7M | $52.7M | $48.5M | $28.7M |
| Gastos por Intereses | $387000 | $584000 | $638000 | $311000 | $126000 | $95000 | $144000 | $3.2M | $1.6M | $1.7M |
| Beneficio Antes de Impuestos | $34.2M | $30.2M | $32.9M | $31.0M | $8.5M | $46.4M | $55.1M | $46.0M | $43.0M | $21.8M |
| Impuestos | $12.6M | $2.9M | $5.6M | $7.7M | $2.9M | $4.8M | $14.3M | $11.9M | $13.4M | $8.9M |
| Beneficio Neto | $21.5M | $27.4M | $23.9M | $23.3M | $5.5M | $41.5M | $40.8M | $34.2M | $29.6M | $12.9M |
| BPA | $0.74 | $0.95 | $0.74 | $0.78 | $0.18 | $1.38 | $1.30 | $1.26 | $1.08 | $0.47 |
| BPA Diluido | $0.66 | $0.85 | $0.74 | $0.72 | $0.17 | $1.26 | $1.28 | $1.24 | $1.05 | $0.47 |
| Acciones en Circulación (Diluidas) | $32.8M | $32.2M | $32.3M | $32.5M | $32.4M | $32.9M | $32.0M | $27.6M | $28.1M | $27.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $72.2M | $76.7M | $68.8M | $69.3M |
| Beneficio Bruto | $29.7M | $31.6M | $27.9M | $27.7M |
| Beneficio Operativo | $5.5M | $12.2M | $10.9M | $7.7M |
| EBITDA | $6.7M | $10.6M | $8.4M | $9.2M |
| Beneficio Neto | $2.5M | $5.6M | $4.3M | $4.4M |
| BPA | $0.09 | $0.21 | $0.17 | $0.18 |
| BPA Diluido | $0.09 | $0.21 | $0.17 | $0.18 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $19.7M | $17.5M | $13.8M | $26.0M | $49.5M | $45.8M | $30.3M | $21.0M | $16.4M | $18.2M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $47.4M | $52.3M | $54.8M | $49.8M | $32.8M | $50.6M | $48.4M | $52.1M | $57.1M | $59.5M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $68.8M | $75.3M | $73.1M | $78.6M | $84.8M | $102.2M | $81.2M | $75.4M | $76.3M | $83.9M |
| Inmovilizado Material | $14.8M | $18.9M | $19.8M | $27.9M | $20.7M | $19.7M | $20.1M | $21.5M | $23.1M | $26.5M |
| Fondo de Comercio | $72.4M | $85.1M | $84.2M | $84.6M | $85.3M | $85.1M | $83.5M | $84.2M | $89.8M | $90.7M |
| Activos Intangibles | $2.7M | $5.5M | $3.1M | $2.1M | $1.2M | $159000 | 0 | 0 | $2.3M | $3.3M |
| Activos Totales | $158.9M | $185.2M | $180.8M | $193.7M | $192.5M | $207.5M | $185.0M | $181.4M | $191.9M | $204.6M |
| Cuentas por Pagar | $9.1M | $8.4M | $7.4M | $8.5M | $6.1M | $7.7M | $8.7M | $7.6M | $6.5M | $6.3M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $1.3M |
| Pasivos Corrientes | $55.8M | $51.4M | $44.2M | $43.7M | $42.6M | $54.9M | $59.6M | $49.9M | $53.1M | $48.8M |
| Deuda a Largo | $7.0M | $19.0M | $6.5M | 0 | 0 | 0 | $59.7M | $32.7M | $12.7M | $77.0M |
| Pasivos Totales | $72.6M | $78.0M | $57.2M | $56.1M | $51.7M | $63.7M | $126.7M | $91.3M | $76.3M | $136.5M |
| Reservas | -$56.6M | -$38.5M | -$25.4M | -$13.7M | -$17.4M | $11.3M | $38.6M | $60.8M | $78.3M | $78.4M |
| Patrimonio Neto | $86.3M | $107.3M | $123.6M | $137.6M | $140.9M | $143.9M | $58.3M | $90.1M | $115.6M | $68.1M |
| Deuda Total | $6.6M | $19.0M | $6.5M | $8.0M | $6.1M | $3.8M | $61.1M | $34.4M | $15.7M | $79.5M |
| Deuda Neta | -$13.1M | $1.5M | -$7.3M | -$18.0M | -$43.3M | -$42.0M | $30.9M | $13.5M | -$690000 | $61.3M |
| Capital Circulante | $13.0M | $23.8M | $28.9M | $34.9M | $42.3M | $47.3M | $21.6M | $25.6M | $23.2M | $35.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $13.9M | $18.2M | $6.1M | $14.2M |
| Activos Totales | $200.7M | $204.6M | $204.4M | $208.6M |
| Pasivos Totales | $99.0M | $136.5M | $138.4M | $140.4M |
| Patrimonio Neto | $101.6M | $68.1M | $66.0M | $68.2M |
| Deuda Total | $46.5M | $79.5M | $81.1M | $83.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $20.7M | $25.6M | $27.4M | $23.3M | $5.6M | $41.5M | $40.8M | $34.2M | $29.6M | $12.9M |
| Amortizaciones | $3.6M | $4.5M | $4.8M | $4.2M | $4.5M | $4.4M | $3.4M | $3.4M | $3.9M | $5.2M |
| Compensación en Acciones | $8.8M | $10.3M | $9.3M | $7.7M | $9.7M | $10.1M | $10.3M | $10.7M | $19.5M | $30.7M |
| Cambio en Capital Circulante | -$3.3M | -$12.9M | -$17.1M | $3.8M | $21.6M | -$11.4M | $6.1M | -$12.8M | -$6.0M | -$11.5M |
| Flujo de Caja Operativo | $32.9M | $26.5M | $32.4M | $42.4M | $44.1M | $46.4M | $58.9M | $37.4M | $47.7M | $40.3M |
| Inversiones (CapEx) | -$3.2M | -$6.5M | -$9.6M | -$4.6M | -$1.9M | -$3.2M | -$4.7M | -$4.1M | -$4.1M | -$7.9M |
| Adquisiciones | 0 | -$11.0M | 0 | -$1.0M | 0 | 0 | 0 | 0 | -$6.5M | -$767000 |
| Recompra de Acciones | -$34.1M | -$15.7M | -$4.8M | -$7.8M | -$2.4M | -$13.0M | -$116.6M | -$734000 | -$6.4M | -$69.1M |
| Dividendos Pagados | -$7.2M | -$8.7M | -$10.0M | -$11.2M | -$14.9M | -$12.9M | -$10.4M | -$12.0M | -$12.1M | -$12.9M |
| Flujo de Caja Libre | $29.7M | $20.0M | $22.8M | $37.8M | $42.2M | $43.1M | $54.2M | $33.3M | $43.6M | $32.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $11.4M | $19.1M | -$5.1M | $15.2M |
| Inversiones (CapEx) | -$2.4M | -$2.0M | -$2.4M | -$2.6M |
| Flujo de Caja Libre | $9.0M | $17.1M | -$7.5M | $12.6M |
| Dividendos Pagados | -$3.3M | -$3.3M | -$3.0M | -$3.0M |
| Compensación en Acciones | $5.9M | $5.4M | $1.5M | $4.3M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -0.9% | +0.0% | -1.2% | -15.2% | +16.4% | +5.4% | +1.0% | +5.8% | -2.6% |
| Crecimiento Beneficio Neto (anual) | | +27.0% | -12.6% | -2.6% | -76.5% | +659.1% | -1.8% | -16.3% | -13.2% | -56.3% |
| Crecimiento BPA (anual) | | +28.4% | -22.1% | +5.4% | -76.9% | +666.7% | -5.8% | -3.1% | -14.3% | -56.5% |
| Cambio en Acciones (anual) | | -1.9% | +0.4% | +0.4% | -0.1% | +1.5% | -2.8% | -13.5% | +1.6% | -2.8% |
| Crecimiento FCF (anual) | | -32.7% | +13.9% | +65.9% | +11.6% | +2.2% | +25.8% | -38.6% | +31.1% | -25.7% |
| Margen Bruto | 33.5% | 33.9% | 34.8% | 34.3% | 30.5% | 37.9% | 39.3% | 39.2% | 39.3% | 38.3% |
| Margen Operativo | 12.0% | 10.8% | 11.7% | 11.1% | 3.6% | 16.7% | 18.8% | 16.6% | 14.2% | 8.7% |
| Margen EBITDA | 13.3% | 11.6% | 13.4% | 12.6% | 5.5% | 18.2% | 20.0% | 17.8% | 15.5% | 9.4% |
| Margen Neto | 7.5% | 9.6% | 8.4% | 8.2% | 2.3% | 14.9% | 13.9% | 11.5% | 9.4% | 4.2% |
| Margen FCF | 10.3% | 7.0% | 8.0% | 13.4% | 17.6% | 15.5% | 18.5% | 11.2% | 13.9% | 10.6% |
| Tasa Impositiva Efectiva | 37.0% | 9.5% | 16.9% | 25.0% | 33.7% | 10.4% | 26.0% | 25.8% | 31.1% | 40.7% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.91 | $0.62 | $0.70 | $1.16 | $1.30 | $1.31 | $1.70 | $1.20 | $1.55 | $1.19 |
| Dividendo por Acción | $0.22 | $0.27 | $0.31 | $0.34 | $0.46 | $0.39 | $0.33 | $0.43 | $0.43 | $0.47 |
| Acciones en Circulación (Básicas) | $29.1M | $28.9M | $32.2M | $29.8M | $30.0M | $30.0M | $31.4M | $27.2M | $27.6M | $27.3M |
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 | 22.15% |
| Rentabilidad sobre capital invertido | 13.19% |
| Rentabilidad sobre activos | 8.07% |
| Margen bruto | 40.74% |
| Margen operativo | 12.63% |
| Margen neto | 5.86% |
Salud financiera
| Deuda / Patrimonio | 1.22 |
| Ratio corriente | 1.94 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 23.86 | 16.54 | 21.64 | 20.69 | 79.94 | 14.88 | 15.67 | 18.07 | 28.58 | 42.49 |
| P/VC | 5.95 | 4.23 | 4.17 | 3.50 | 3.06 | 4.28 | 10.98 | 6.87 | 7.36 | 8.01 |
| P/V | 1.78 | 1.59 | 1.80 | 1.70 | 1.80 | 2.21 | 2.18 | 2.09 | 2.71 | 1.78 |
| Margen Bruto | 33.5% | 33.9% | 34.8% | 34.3% | 30.5% | 37.9% | 39.3% | 39.2% | 39.3% | 38.3% |
| Margen Operativo | 12.0% | 10.8% | 11.7% | 11.1% | 3.6% | 16.7% | 18.8% | 16.6% | 14.2% | 8.7% |
| Margen Neto | 7.5% | 9.6% | 8.4% | 8.2% | 2.3% | 14.9% | 13.9% | 11.5% | 9.4% | 4.2% |