Estados financieros detallados de El Pollo Loco Holdings, Inc. (LOCO): 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
El Pollo Loco Holdings, Inc. registró ingresos de $490.0M en el último ejercicio fiscal, con un CAGR de 5 años del 2.8%. El beneficio neto alcanzó $26.5M, con un CAGR a 5 años del 1.6%.
Márgenes de los últimos 12 meses: margen bruto 28.3%, margen operativo 10.6%, margen neto 7.0%. El flujo de caja libre creció a un CAGR del -5.6% en 5 años.
Al precio actual de $14.53, LOCO cotiza a un P/E de 12.41 y un ROE del 11.68%. La capitalización bursátil es de $443M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $380.1M | $401.7M | $435.8M | $442.3M | $426.1M | $454.4M | $470.0M | $468.7M | $473.0M | $490.0M |
| Coste de Ventas | $286.3M | $305.4M | $339.4M | $345.6M | $332.4M | $355.1M | $386.3M | $375.3M | $369.5M | $349.7M |
| Beneficio Bruto | $93.8M | $96.3M | $96.5M | $96.7M | $93.7M | $99.3M | $83.7M | $93.4M | $103.5M | $140.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $34.7M | $38.5M | $50.3M | $37.2M | $35.9M | $39.9M | $39.1M | $42.0M | $46.3M | $50.3M |
| Gastos Operativos | $50.7M | $56.7M | $68.1M | $58.4M | $60.1M | $57.9M | $53.5M | $53.6M | $62.3M | $97.9M |
| Beneficio Operativo | $34.6M | $6.8M | -$9.5M | $38.3M | $33.6M | $41.3M | $30.1M | $39.8M | $41.2M | $42.5M |
| EBITDA | $50.4M | $30.5M | $9.1M | $59.5M | $50.3M | $56.5M | $45.0M | $55.1M | $56.9M | $58.0M |
| Gastos por Intereses | $3.2M | $3.3M | $3.5M | $3.7M | $3.3M | $1.8M | $1.7M | $4.8M | $5.9M | $4.5M |
| Beneficio Antes de Impuestos | $31.1M | $9.1M | -$12.2M | $34.6M | $30.1M | $39.5M | $28.9M | $34.9M | $35.3M | $37.6M |
| Impuestos | $12.8M | $497000 | -$3.2M | $9.7M | $5.7M | $10.3M | $8.1M | $9.3M | $9.6M | $11.1M |
| Beneficio Neto | $18.3M | $8.6M | -$9.0M | $24.9M | $24.5M | $29.1M | $20.8M | $25.6M | $25.7M | $26.5M |
| BPA | $0.48 | $0.22 | $-0.23 | $0.68 | $0.70 | $0.81 | $0.57 | $0.75 | $0.86 | $0.91 |
| BPA Diluido | $0.47 | $0.22 | $-0.23 | $0.67 | $0.68 | $0.80 | $0.57 | $0.74 | $0.86 | $0.90 |
| Acciones en Circulación (Diluidas) | $39.0M | $39.1M | $38.6M | $37.4M | $35.8M | $36.4M | $36.6M | $34.4M | $30.0M | $29.5M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | $121.5M | $123.5M | $126.2M | $129.6M |
| Beneficio Bruto | $35.3M | $27.7M | $36.3M | $42.5M |
| Beneficio Operativo | $11.5M | $10.4M | $12.4M | $18.7M |
| EBITDA | $15.9M | $14.5M | $16.5M | $18.7M |
| Beneficio Neto | $7.4M | $6.5M | $8.2M | $12.8M |
| BPA | $0.25 | $0.22 | $0.28 | $0.43 |
| BPA Diluido | $0.25 | $0.22 | $0.27 | $0.43 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $2.2M | $8.6M | $7.0M | $8.1M | $13.2M | $30.0M | $20.5M | $7.3M | $2.5M | $6.2M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $6.9M | $7.2M | $9.6M | $8.9M | $12.5M | $13.4M | $10.9M | $10.3M | $10.0M | $11.2M |
| Inventario | $2.1M | $2.3M | $2.5M | $2.0M | $2.1M | $2.3M | $2.4M | $1.9M | $1.9M | 0 |
| Activos Corrientes | $35.9M | $20.7M | $22.0M | $24.7M | $31.7M | $49.5M | $37.4M | $25.1M | $19.9M | $6.2M |
| Inmovilizado Material | $118.5M | $102.8M | $104.2M | $284.2M | $258.4M | $249.3M | $245.8M | $253.6M | $258.1M | 0 |
| Fondo de Comercio | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M |
| Activos Intangibles | $62.4M | $62.3M | $62.2M | $61.9M | $61.9M | $61.9M | $61.9M | $61.9M | $61.9M | $61.9M |
| Activos Totales | $471.3M | $442.7M | $450.2M | $624.8M | $605.2M | $613.8M | $597.2M | $592.3M | $592.0M | $606.6M |
| Cuentas por Pagar | $11.6M | $12.3M | $9.6M | $5.6M | $7.5M | $10.6M | $12.7M | $12.5M | $12.1M | $15.7M |
| Deuda a Corto | 0 | 0 | 0 | $16.4M | $20.0M | $20.1M | 0 | 0 | 0 | $17.8M |
| Pasivos Corrientes | $45.3M | $47.3M | $82.9M | $74.0M | $66.4M | $74.6M | $68.5M | $72.6M | $75.7M | $79.1M |
| Deuda a Largo | $104.0M | $93.0M | $74.0M | $97.0M | $62.8M | $40.0M | $66.0M | $84.0M | $71.0M | $49.6M |
| Pasivos Totales | $206.1M | $167.8M | $185.0M | $379.2M | $327.6M | $303.2M | $316.1M | $341.6M | $331.3M | $315.6M |
| Reservas | -$107.0M | -$98.4M | -$110.9M | -$86.0M | -$61.5M | -$32.4M | -$11.6M | $14.0M | $18.9M | $43.6M |
| Patrimonio Neto | $265.2M | $274.9M | $265.2M | $245.6M | $277.6M | $310.6M | $281.1M | $250.7M | $260.7M | $291.1M |
| Deuda Total | $104.5M | $93.3M | $74.2M | $311.0M | $263.1M | $233.5M | $252.9M | $273.3M | $263.0M | $239.6M |
| Deuda Neta | $102.3M | $84.8M | $67.2M | $302.9M | $249.9M | $203.4M | $232.4M | $266.0M | $260.5M | $233.3M |
| Capital Circulante | -$9.4M | -$26.6M | -$60.9M | -$49.3M | -$34.7M | -$25.1M | -$31.1M | -$47.4M | -$55.8M | -$72.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $10.9M | $6.2M | $3.9M | $13.3M |
| Activos Totales | $602.7M | $606.6M | $609.1M | $618.8M |
| Pasivos Totales | $319.8M | $315.6M | $306.6M | $301.7M |
| Patrimonio Neto | $282.9M | $291.1M | $302.5M | $317.0M |
| Deuda Total | $252.3M | $239.6M | $233.0M | $219.4M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $18.3M | $8.6M | -$9.0M | $24.9M | $24.5M | $29.1M | $20.8M | $25.6M | $25.7M | $12.0M |
| Amortizaciones | $16.1M | $18.1M | $17.8M | $17.9M | $16.9M | $15.2M | $14.4M | $15.2M | $15.7M | $4.1M |
| Compensación en Acciones | $1.1M | $1.1M | $2.0M | $2.5M | $3.1M | $3.2M | $3.5M | $3.0M | $3.9M | $6.4M |
| Cambio en Capital Circulante | -$7.5M | -$3.4M | $28.6M | -$27.9M | -$12.2M | $782000 | -$4.5M | -$1.0M | $3.8M | -$1.6M |
| Flujo de Caja Operativo | $49.3M | $53.7M | $45.4M | $36.1M | $40.5M | $52.1M | $38.5M | $40.7M | $46.8M | $48.1M |
| Inversiones (CapEx) | -$37.4M | -$36.2M | -$27.8M | -$15.4M | -$6.7M | -$17.0M | -$19.9M | -$21.3M | -$19.1M | -$22.6M |
| Adquisiciones | $1.5M | 0 | 0 | $4.8M | 0 | $4.6M | $1.0M | $7.7M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$981000 | -$48.4M | 0 | 0 | 0 | -$59.2M | -$20.6M | -$1.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | -$55.6M | 0 | 0 | 0 |
| Flujo de Caja Libre | $11.9M | $17.4M | $17.6M | $20.7M | $33.9M | $35.1M | $18.6M | $19.4M | $27.7M | $25.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | $15.3M | $13.9M | $13.0M | $31.7M |
| Inversiones (CapEx) | -$5.4M | -$8.8M | -$10.2M | -$8.5M |
| Flujo de Caja Libre | $9.9M | $5.1M | $2.8M | $23.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.4M | $1.3M | $1.3M | $1.6M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +5.7% | +8.5% | +1.5% | -3.7% | +6.6% | +3.4% | -0.3% | +0.9% | +3.6% |
| Crecimiento Beneficio Neto (anual) | | -53.0% | -204.4% | +376.9% | -1.7% | +19.0% | -28.6% | +22.8% | +0.5% | +3.1% |
| Crecimiento BPA (anual) | | -54.2% | -204.5% | +395.7% | +2.9% | +15.7% | -29.6% | +31.6% | +14.7% | +5.8% |
| Cambio en Acciones (anual) | | +0.2% | -1.3% | -2.9% | -4.4% | +1.8% | +0.4% | -6.0% | -12.6% | -1.8% |
| Crecimiento FCF (anual) | | +46.6% | +1.2% | +17.3% | +63.6% | +3.5% | -46.9% | +3.9% | +43.1% | -8.2% |
| Margen Bruto | 24.7% | 24.0% | 22.1% | 21.9% | 22.0% | 21.8% | 17.8% | 19.9% | 21.9% | 28.6% |
| Margen Operativo | 9.1% | 1.7% | -2.2% | 8.7% | 7.9% | 9.1% | 6.4% | 8.5% | 8.7% | 8.7% |
| Margen EBITDA | 13.2% | 7.6% | 2.1% | 13.5% | 11.8% | 12.4% | 9.6% | 11.8% | 12.0% | 11.8% |
| Margen Neto | 4.8% | 2.1% | -2.1% | 5.6% | 5.7% | 6.4% | 4.4% | 5.5% | 5.4% | 5.4% |
| Margen FCF | 3.1% | 4.3% | 4.0% | 4.7% | 7.9% | 7.7% | 4.0% | 4.1% | 5.9% | 5.2% |
| Tasa Impositiva Efectiva | 41.1% | 5.5% | 26.3% | 28.1% | 18.8% | 26.2% | 28.0% | 26.7% | 27.2% | 29.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.30 | $0.45 | $0.46 | $0.55 | $0.95 | $0.96 | $0.51 | $0.56 | $0.92 | $0.86 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.52 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $38.4M | $38.5M | $38.6M | $36.7M | $35.2M | $36.0M | $36.4M | $34.3M | $29.9M | $29.3M |
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 | 11.68% |
| Rentabilidad sobre capital invertido | 6.80% |
| Rentabilidad sobre activos | 5.63% |
| Margen bruto | 28.32% |
| Margen operativo | 10.58% |
| Margen neto | 6.96% |
Salud financiera
| Deuda / Patrimonio | 0.69 |
| Ratio corriente | 0.41 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 25.63 | 45.00 | -65.96 | 22.26 | 25.86 | 17.52 | 17.47 | 11.76 | 13.73 | 11.49 |
| P/VC | 1.78 | 1.38 | 2.21 | 2.27 | 2.29 | 1.64 | 1.29 | 1.21 | 1.35 | 1.05 |
| P/V | 1.24 | 0.95 | 1.34 | 1.26 | 1.49 | 1.12 | 0.77 | 0.64 | 0.75 | 0.62 |
| Margen Bruto | 24.7% | 24.0% | 22.1% | 21.9% | 22.0% | 21.8% | 17.8% | 19.9% | 21.9% | 28.6% |
| Margen Operativo | 9.1% | 1.7% | -2.2% | 8.7% | 7.9% | 9.1% | 6.4% | 8.5% | 8.7% | 8.7% |
| Margen Neto | 4.8% | 2.1% | -2.1% | 5.6% | 5.7% | 6.4% | 4.4% | 5.5% | 5.4% | 5.4% |