Estados financieros detallados de Marathon Bancorp, Inc. (MBBC): 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
Marathon Bancorp, Inc. registró ingresos de $11.90B en el último ejercicio fiscal, con un CAGR de 5 años del 328.0%. El beneficio neto alcanzó $1.79B, con un CAGR a 5 años del 319.8%.
Márgenes de los últimos 12 meses: margen bruto 66.8%, margen operativo 0.1%, margen neto 0.4%. El flujo de caja libre creció a un CAGR del 381.9% en 5 años.
Al precio actual de $15.01, MBBC cotiza a un P/E de 636.16 y un ROE del 0.09%. La capitalización bursátil es de $44M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $6.7M | $6.8M | $8.3M | $8.2M | $10.3M | $10.2M | $10.3M | $11.90B |
| Coste de Ventas | -$1.4M | $1.5M | $1.1M | $947767 | $2.3M | $3.4M | $3.4M | 0 |
| Beneficio Bruto | $8.0M | $5.3M | $7.2M | $7.2M | $8.0M | $6.8M | $6.9M | 0 |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $4.4M | $3.6M | $3.5M | $3.3M | $3.5M | $3.4M | $3.9M | $925.5M |
| Gastos Operativos | $4.4M | $4.8M | $5.3M | $5.5M | $5.9M | $7.0M | $6.9M | $925.5M |
| Beneficio Operativo | $452415 | $505479 | $1.9M | $1.8M | $2.1M | -$246102 | $10890 | 0 |
| EBITDA | $601940 | $680774 | $2.1M | $2.0M | $2.3M | -$1198 | $305893 | 0 |
| Gastos por Intereses | $15003 | $1.4M | $1.1M | $947767 | $2.3M | $3.6M | $3.5M | $3.70B |
| Beneficio Antes de Impuestos | $452415 | $505479 | $1.9M | $1.8M | $2.1M | -$246102 | $10890 | $2.13B |
| Impuestos | -$880189 | $87610 | $477720 | $437382 | $444735 | -$59108 | -$31555 | $341.0M |
| Beneficio Neto | $1.3M | $417869 | $1.4M | $1.3M | $1.7M | -$186994 | $42445 | $1.79B |
| BPA | $0.56 | $0.26 | $0.88 | $0.85 | $1.08 | $-0.12 | $0.02 | $0.67 |
| BPA Diluido | $0.56 | $0.26 | $0.88 | $0.85 | $1.08 | $-0.12 | $0.02 | $0.66 |
| Acciones en Circulación (Diluidas) | $2.4M | $1.6M | $1.6M | $1.6M | $1.5M | $1.5M | $2.8M | $2.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Ingresos | $2.8M | $3.1M | $3.1M | $3.2M |
| Beneficio Bruto | $1.8M | $2.2M | $2.2M | $2.3M |
| Beneficio Operativo | -$451045 | $547319 | $588603 | $608891 |
| EBITDA | -$369410 | $617313 | $659579 | $680362 |
| Beneficio Neto | -$331992 | $444293 | $501396 | $487863 |
| BPA | $-0.11 | $0.17 | $0.19 | $0.18 |
| BPA Diluido | $-0.11 | $0.17 | $0.19 | $0.18 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $2.6M | $5.6M | $4.1M | $4.4M | $6.0M | $3.2M | $2.5M | $2.99B |
| Inversiones a Corto | 0 | $15.0M | $10.9M | $10.6M | $8.9M | $6.6M | $1.9M | $3.92B |
| Cuentas por Cobrar | 0 | $499740 | $552516 | $565929 | $612724 | $597768 | $667686 | $737.9M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $4.3M | $21.1M | $15.5M | $15.5M | $15.6M | $10.4M | $5.0M | $7.65B |
| Inmovilizado Material | $1.9M | $2.0M | $1.8M | $1.7M | $2.1M | $4.1M | $3.9M | $3.91B |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $225139 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $152.8M | $170.7M | $213.6M | $220.5M | $238.8M | $219.3M | $238.8M | $261.03B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | 0 | $6.4M | $10.4M | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $35.0M | $140.4M | $182.3M | $188.1M | $197.3M | $173.0M | $175.2M | 0 |
| Deuda a Largo | 0 | $8.0M | 0 | 0 | $8.0M | $13.0M | $15.0M | 0 |
| Pasivos Totales | $132.6M | $149.9M | $183.8M | $189.3M | $207.5M | $188.0M | $193.1M | $213.07B |
| Reservas | $20.3M | $20.7M | $22.1M | $23.9M | $25.6M | $25.5M | $25.6M | $27.36B |
| Patrimonio Neto | $20.1M | $20.8M | $29.8M | $31.2M | $31.3M | $31.3M | $45.7M | $47.96B |
| Deuda Total | 0 | $14.4M | $10.4M | 0 | $8.0M | $13.0M | $15.0M | 0 |
| Deuda Neta | -$2.6M | -$6.2M | -$4.6M | -$15.0M | -$7.0M | $3.2M | $10.7M | -$6.91B |
| Capital Circulante | -$30.7M | -$119.3M | -$166.8M | -$172.6M | -$181.7M | -$162.6M | -$170.2M | $7.65B |
Balance (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caja y Equivalentes | $2.5M | $3.2M | $2.3M | $3.4M |
| Activos Totales | $238.8M | $246.0M | $248.0M | $249.0M |
| Pasivos Totales | $193.1M | $199.7M | $201.1M | $201.5M |
| Patrimonio Neto | $45.7M | $46.3M | $46.9M | $47.5M |
| Deuda Total | $15.0M | $15.0M | $19.0M | $24.0M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $1.3M | $417869 | $1.4M | $1.3M | $1.7M | -$186994 | $42445 | $1.79B |
| Amortizaciones | $149525 | $175295 | $207351 | $207951 | $205013 | $244904 | $295003 | $286.4M |
| Compensación en Acciones | 0 | 0 | $7808 | $48349 | $170755 | $193036 | $218349 | $161.2M |
| Cambio en Capital Circulante | -$14128 | $386793 | -$84295 | -$110841 | $658118 | -$365008 | $883825 | 0 |
| Flujo de Caja Operativo | $461225 | $1.1M | $1.0M | $825532 | $2.0M | $416553 | $1.4M | $2.45B |
| Inversiones (CapEx) | -$540243 | -$292253 | -$88471 | -$34094 | -$65363 | -$2.3M | -$179043 | 0 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | $100000 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$1.4M | -$156220 | -$82165 | -$123.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$79018 | $772028 | $943463 | $791438 | $1.9M | -$1.8M | $1.3M | $2.45B |
Flujo de Caja (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | -$459344 | $463961 | $1.4M | $125711 |
| Inversiones (CapEx) | -$70906 | -$7327 | -$14019 | -$15611 |
| Flujo de Caja Libre | -$530250 | $456634 | $1.4M | $110100 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $78512 | $74306 | $74039 | $76817 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +2.6% | +21.3% | -1.1% | +25.4% | -1.2% | +1.4% | +115449.4% |
| Crecimiento Beneficio Neto (anual) | | -68.6% | +228.6% | -2.8% | +25.3% | -111.2% | +122.7% | +4219881.2% |
| Crecimiento BPA (anual) | | -53.6% | +238.5% | -3.4% | +27.1% | -111.1% | +112.8% | +4250.6% |
| Cambio en Acciones (anual) | | -31.8% | -3.9% | +0.1% | -1.5% | -3.3% | +85.8% | -1.3% |
| Crecimiento FCF (anual) | | +1077.0% | +22.2% | -16.1% | +143.1% | -196.1% | +168.7% | +193078.4% |
| Margen Bruto | 120.4% | 78.0% | 86.8% | 88.4% | 77.8% | 66.5% | 66.8% | 0.0% |
| Margen Operativo | 6.8% | 7.4% | 22.3% | 21.6% | 20.6% | -2.4% | 0.1% | 0.0% |
| Margen EBITDA | 9.0% | 10.0% | 24.8% | 24.2% | 22.6% | -0.0% | 3.0% | 0.0% |
| Margen Neto | 20.0% | 6.1% | 16.6% | 16.3% | 16.3% | -1.8% | 0.4% | 15.1% |
| Margen FCF | -1.2% | 11.3% | 11.4% | 9.7% | 18.7% | -18.2% | 12.3% | 20.6% |
| Tasa Impositiva Efectiva | -194.6% | 17.3% | 25.8% | 24.7% | 21.0% | 24.0% | -289.8% | 16.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.03 | $0.48 | $0.60 | $0.51 | $1.25 | $-1.24 | $0.46 | $898.58 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $2.4M | $1.6M | $1.6M | $1.6M | $1.5M | $1.5M | $2.8M | $2.7M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 0.09% |
| Rentabilidad sobre capital invertido | 0.02% |
| Rentabilidad sobre activos | 0.02% |
| Margen bruto | 66.85% |
| Margen operativo | 0.11% |
| Margen neto | 0.41% |
Salud financiera
| Deuda / Patrimonio | 0.33 |
| Ratio corriente | 0.03 |
| Piotroski F-Score | 5 |
| Altman Z-Score | -0.58 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 13.21 | 28.46 | 8.72 | 9.33 | 6.33 | -54.58 | 646.75 | 22.81 |
| P/VC | 0.87 | 0.58 | 0.40 | 0.40 | 0.34 | 0.31 | 0.60 | 0.00 |
| P/V | 2.64 | 1.76 | 1.44 | 1.51 | 1.02 | 0.96 | 2.67 | 0.00 |
| Margen Bruto | 120.4% | 78.0% | 86.8% | 88.4% | 77.8% | 66.5% | 66.8% | 0.0% |
| Margen Operativo | 6.8% | 7.4% | 22.3% | 21.6% | 20.6% | -2.4% | 0.1% | 0.0% |
| Margen Neto | 20.0% | 6.1% | 16.6% | 16.3% | 16.3% | -1.8% | 0.4% | 15.1% |