Estados financieros detallados de Hyliion Holdings Corp. (HYLN): 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
Márgenes de los últimos 12 meses: margen bruto -54.4%, margen operativo -6.5%, margen neto -5.6%.
Al precio actual de $3.94, HYLN presenta beneficios negativos (P/E no significativo) y un ROE del -27.94%. La capitalización bursátil es de $703M.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | $200000 | $2.1M | $672000 | $1.5M | $3.5M |
| Coste de Ventas | 0 | $2.3M | $1.8M | $2.7M | $8.8M | $1.7M | $1.4M | $9.3M |
| Beneficio Bruto | 0 | -$2.3M | -$1.8M | -$2.5M | -$6.7M | -$1.0M | $94000 | -$5.8M |
| I+D | $15.7M | $8.4M | $11.9M | $58.3M | $110.4M | $82.2M | $1.5M | $37.0M |
| Generales y Administrativos | $4.1M | $1.2M | $8.5M | $35.3M | $42.0M | $42.6M | $24.4M | $22.3M |
| Gastos Operativos | $19.9M | $9.7M | $20.4M | $93.6M | $152.4M | $136.3M | $64.4M | $59.3M |
| Beneficio Operativo | -$19.9M | -$12.0M | -$22.2M | -$96.1M | -$159.0M | -$137.4M | -$64.3M | -$65.1M |
| EBITDA | -$591 | -$8.5M | $331.4M | -$95.2M | -$152.1M | -$122.4M | -$58.1M | -$51.2M |
| Gastos por Intereses | 0 | $3.3M | $5.5M | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$19.3M | -$14.1M | $324.1M | -$96.0M | -$153.4M | -$123.5M | -$52.0M | -$57.2M |
| Impuestos | -$19.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$591 | -$14.1M | $324.1M | -$96.0M | -$153.4M | -$123.5M | -$52.0M | -$57.2M |
| BPA | $-0.00 | $-0.20 | $3.11 | $-0.56 | $-0.87 | $-0.68 | $-0.30 | $-0.33 |
| BPA Diluido | $-0.00 | $-0.20 | $0.00 | $-0.56 | $-0.87 | $-0.68 | $-0.30 | $-0.33 |
| Acciones en Circulación (Diluidas) | $28.1M | $86.6M | $104.32B | $172.2M | $175.4M | $181.4M | $174.9M | $175.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $759000 | $712000 | $2.8M | $4.9M |
| Beneficio Bruto | -$1.7M | -$1.8M | -$1.9M | $366000 |
| Beneficio Operativo | -$15.4M | -$15.4M | -$13.6M | -$15.3M |
| EBITDA | -$11.7M | -$11.3M | -$9.6M | -$11.8M |
| Beneficio Neto | -$13.3M | -$13.2M | -$11.7M | -$13.9M |
| BPA | $-0.08 | $-0.07 | $-0.07 | $-0.08 |
| BPA Diluido | $-0.08 | $-0.07 | $-0.07 | $-0.08 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.1M | $6.3M | $389.7M | $258.4M | $119.5M | $12.9M | $9.2M | $22.9M |
| Inversiones a Corto | 0 | 0 | $201.9M | $118.8M | $193.7M | $150.3M | $110.9M | $69.4M |
| Cuentas por Cobrar | 0 | $145000 | $92000 | $70000 | $1.1M | $40000 | $1.9M | $489000 |
| Inventario | $132000 | 0 | $132000 | $114000 | $74000 | 0 | 0 | 0 |
| Activos Corrientes | $1.6M | $6.8M | $612.4M | $386.5M | $324.2M | $181.7M | $131.0M | $98.6M |
| Inmovilizado Material | $8.5M | $6.6M | $6.2M | $10.0M | $12.1M | $17.1M | $31.4M | $43.9M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $526000 | $429000 | $332000 | $235000 | $200000 | 0 | 0 | 0 |
| Activos Totales | $400143 | $14.1M | $655.1M | $578.4M | $446.7M | $328.4M | $263.0M | $203.6M |
| Cuentas por Pagar | $1.8M | $1.2M | $1.9M | $7.5M | $2.8M | $4.2M | $5.2M | $3.1M |
| Deuda a Corto | $61430 | $6.7M | $49000 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $375734 | $12.4M | $8.8M | $15.2M | $14.7M | $15.1M | $14.3M | $9.9M |
| Deuda a Largo | $3.3M | $9.7M | $908000 | 0 | 0 | 0 | 0 | $1.6M |
| Pasivos Totales | $375734 | $32.2M | $14.9M | $24.5M | $23.2M | $22.1M | $18.7M | $11.6M |
| Reservas | -$591 | -$49.0M | $275.2M | $179.1M | $25.7M | -$97.8M | -$149.8M | -$207.0M |
| Patrimonio Neto | $24409 | -$18.1M | $640.2M | $553.9M | $423.6M | $306.3M | $244.4M | $192.0M |
| Deuda Total | $61430 | $22.2M | $6.8M | $8.6M | $7.3M | $7.6M | $6.8M | $4.4M |
| Deuda Neta | -$1.0M | $15.9M | -$584.8M | -$368.6M | -$305.9M | -$155.5M | -$113.4M | -$88.0M |
| Capital Circulante | $1.2M | -$5.5M | $603.6M | $371.2M | $309.5M | $166.6M | $116.7M | $88.8M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $17.9M | $22.9M | $20.3M | $13.2M |
| Activos Totales | $216.2M | $203.6M | $190.8M | $179.6M |
| Pasivos Totales | $12.4M | $11.6M | $9.0M | $10.1M |
| Patrimonio Neto | $203.9M | $192.0M | $181.7M | $169.5M |
| Deuda Total | $5.0M | $4.4M | $3.7M | $3.0M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$19.3M | -$14.1M | $324.1M | -$96.0M | -$153.4M | -$123.5M | -$52.0M | -$57.2M |
| Amortizaciones | $780000 | $1.0M | $850000 | $884000 | $1.2M | $3.5M | $3.1M | $6.0M |
| Compensación en Acciones | $131000 | $125000 | $294000 | $4.9M | $7.0M | $6.2M | $4.6M | $5.5M |
| Cambio en Capital Circulante | -$274000 | -$1.5M | -$2.7M | $4.2M | -$8.7M | -$2.9M | -$14.6M | -$1.6M |
| Flujo de Caja Operativo | -$18.1M | -$11.1M | -$22.9M | -$80.5M | -$116.9M | -$117.0M | -$56.7M | -$46.5M |
| Inversiones (CapEx) | -$610000 | -$349000 | -$311000 | -$2.4M | -$17.3M | -$7.4M | -$16.5M | -$23.7M |
| Adquisiciones | -$670000 | 0 | 0 | $45000 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | -$33000 | -$14.0M | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$18.7M | -$11.4M | -$23.3M | -$82.9M | -$134.2M | -$124.4M | -$73.3M | -$70.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$10.7M | -$11.9M | -$12.7M | -$7.1M |
| Inversiones (CapEx) | -$10.4M | -$1.7M | -$1.9M | -$212000 |
| Flujo de Caja Libre | -$21.1M | -$13.6M | -$14.6M | -$7.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.4M | $1.4M | $1.5M | $1.7M |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | | | | +953.0% | -68.1% | +124.6% | +130.3% |
| Crecimiento Beneficio Neto (anual) | | -2387886.5% | +2396.6% | -129.6% | -59.7% | +19.5% | +57.9% | -9.9% |
| Crecimiento BPA (anual) | | -951678.2% | +1655.0% | -118.0% | -55.4% | +21.8% | +55.9% | -10.0% |
| Cambio en Acciones (anual) | | +208.1% | +120305.4% | -99.8% | +1.8% | +3.4% | -3.6% | +0.3% |
| Crecimiento FCF (anual) | | +38.8% | -103.6% | -256.4% | -61.9% | +7.3% | +41.1% | +4.1% |
| Margen Bruto | | | | -1268.5% | -316.8% | -155.4% | 6.2% | -166.5% |
| Margen Operativo | | | | -48048.5% | -7551.3% | -20441.8% | -4261.0% | -1872.1% |
| Margen EBITDA | | | | -47582.0% | -7223.6% | -18211.9% | -3853.2% | -1474.3% |
| Margen Neto | | | | -48024.0% | -7281.9% | -18379.5% | -3449.2% | -1645.7% |
| Margen FCF | | | | -41441.0% | -6371.8% | -18506.4% | -4855.1% | -2022.7% |
| Tasa Impositiva Efectiva | 102.7% | -0.0% | 0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.66 | $-0.13 | $-0.00 | $-0.48 | $-0.77 | $-0.69 | $-0.42 | $-0.40 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $28.1M | $86.6M | $104.3M | $172.2M | $175.4M | $181.4M | $174.9M | $175.4M |
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 | -27.94% |
| Rentabilidad sobre capital invertido | -34.60% |
| Rentabilidad sobre activos | -29.06% |
| Margen bruto | -54.44% |
| Margen operativo | -645.89% |
| Margen neto | -564.35% |
Salud financiera
| Deuda / Patrimonio | 0.02 |
| Ratio corriente | 7.59 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -461612.41 | -49.95 | 5.30 | -11.07 | -2.69 | -1.20 | -8.70 | -5.58 |
| P/VC | 11176.72 | -47.90 | 2.69 | 1.93 | 0.97 | 0.48 | 1.87 | 1.68 |
| P/V | 0.00 | 0.00 | 0.00 | 5338.70 | 194.89 | 219.66 | 302.54 | 92.89 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | -1268.5% | -316.8% | -155.4% | 6.2% | -166.5% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | -48048.5% | -7551.3% | -20441.8% | -4261.0% | -1872.1% |
| Margen Neto | 0.0% | 0.0% | 0.0% | -48024.0% | -7281.9% | -18379.5% | -3449.2% | -1645.7% |