Estados financieros detallados de MarketWise, Inc. (MKTW): 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
MarketWise, Inc. registró ingresos de $328.1M en el último ejercicio fiscal, con un CAGR de 5 años del -2.1%.
Márgenes de los últimos 12 meses: margen bruto 86.2%, margen operativo 8.1%, margen neto 0.7%. El flujo de caja libre creció a un CAGR del -3.9% en 5 años.
Al precio actual de $17.71, MKTW cotiza a un P/E de 18.45 y un ROE del -12.41%. La capitalización bursátil es de $47M.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Ingresos | $238.4M | $272.2M | $364.2M | $549.2M | $512.4M | $448.2M | $408.7M | $328.1M |
| Coste de Ventas | $57.6M | $42.6M | $154.6M | $239.3M | $62.7M | $56.8M | $50.7M | $44.3M |
| Beneficio Bruto | $180.8M | $229.7M | $209.6M | $309.9M | $449.7M | $391.4M | $358.0M | $283.8M |
| I+D | $2.3M | $3.7M | $4.8M | $7.5M | $8.8M | $8.8M | $9.9M | $8.8M |
| Generales y Administrativos | $157.6M | $198.1M | $740.9M | $1.27B | $350.5M | $324.3M | $251.9M | $209.8M |
| Gastos Operativos | $162.5M | $204.1M | $748.3M | $1.28B | $362.4M | $339.6M | $269.1M | $220.8M |
| Beneficio Operativo | $18.3M | $25.6M | -$538.7M | -$967.6M | $87.3M | $51.8M | $89.0M | $63.0M |
| EBITDA | $20.9M | $27.9M | -$536.1M | -$948.7M | $105.5M | $58.2M | $96.2M | $68.8M |
| Gastos por Intereses | 0 | 0 | 0 | $110000 | $295000 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | $18.7M | $28.0M | -$541.1M | -$951.5M | $102.7M | $56.1M | $96.4M | $66.6M |
| Impuestos | 0 | 0 | 0 | $2.4M | $1.5M | $1.8M | $3.3M | $2.6M |
| Beneficio Neto | $18.6M | $28.0M | -$538.4M | -$1.01B | $18.0M | $1.8M | $7.1M | $5.6M |
| BPA | $7.19 | $10.80 | $-208.07 | $-504.69 | $14.61 | $1.12 | $3.68 | $2.41 |
| BPA Diluido | $7.19 | $10.80 | $-208.07 | $-504.69 | $14.54 | $1.00 | $3.57 | $2.31 |
| Acciones en Circulación (Diluidas) | $2.6M | $2.6M | $2.6M | $1.9M | $1.2M | $1.7M | $2.0M | $2.4M |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $170.5M | $114.4M | $139.1M | $158.6M | $155.2M | $97.9M | $70.1M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $7.3M | $13.3M | $8.6M | $5.6M | $9.7M | $2.4M | $6.6M |
| Inventario | 0 | 0 | 0 | $111.7M | 0 | 0 | 0 |
| Activos Corrientes | $205.7M | $180.6M | $246.4M | $279.2M | $267.8M | $168.8M | $131.7M |
| Inmovilizado Material | $16.1M | $13.8M | $12.1M | $10.4M | $8.0M | $3.8M | $7.1M |
| Fondo de Comercio | $18.1M | $18.1M | $23.3M | $31.3M | $31.0M | $30.0M | $30.0M |
| Activos Intangibles | $7.2M | $5.3M | $8.6M | $16.0M | $6.3M | $4.7M | $3.8M |
| Activos Totales | $276.2M | $284.8M | $421.6M | $442.5M | $396.6M | $259.5M | $218.4M |
| Cuentas por Pagar | $5.0M | $12.0M | $4.8M | $686000 | $559000 | $4.0M | $3.9M |
| Deuda a Corto | $4.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $254.4M | $345.5M | $395.5M | $385.5M | $373.9M | $260.2M | $234.2M |
| Deuda a Largo | $1.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $544.3M | $1.21B | $826.8M | $740.9M | $685.5M | $477.4M | $432.0M |
| Reservas | 0 | 0 | -$146.1M | -$128.1M | -$126.3M | -$119.3M | -$113.7M |
| Patrimonio Neto | -$262.3M | -$914.7M | -$48.5M | -$21.2M | -$11.1M | -$12.5M | -$11.7M |
| Deuda Total | $16.0M | $8.9M | $8.2M | $7.3M | $5.8M | $4.4M | $6.1M |
| Deuda Neta | -$154.6M | -$105.5M | -$130.9M | -$151.3M | -$149.4M | -$93.5M | -$64.1M |
| Capital Circulante | -$48.7M | -$164.9M | -$149.1M | -$106.3M | -$106.1M | -$91.4M | -$102.5M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | $18.7M | $28.0M | -$538.4M | -$953.9M | $101.2M | $1.8M | $93.1M | $64.0M |
| Amortizaciones | $2.5M | $2.3M | $2.6M | $2.7M | $3.1M | $3.8M | $2.8M | $2.2M |
| Compensación en Acciones | $5.3M | $8.6M | $553.6M | $210.9M | $9.0M | $23.4M | $12.2M | $11.1M |
| Cambio en Capital Circulante | $39.6M | $15.4M | -$72.3M | $89.8M | -$52.9M | -$29.0M | -$138.0M | -$32.4M |
| Flujo de Caja Operativo | $76.5M | $54.2M | $55.9M | $63.6M | $48.4M | $62.4M | -$22.1M | $46.0M |
| Inversiones (CapEx) | -$1.5M | -$929000 | -$290000 | -$1.2M | -$171000 | -$1.7M | -$681000 | -$391000 |
| Adquisiciones | -$15.0M | $13.3M | -$9.2M | -$7.1M | -$13.1M | -$170000 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$3.3M | -$13.1M | -$5.7M | -$10.8M | -$3.4M |
| Dividendos Pagados | -$22.0M | -$20.5M | -$101.8M | -$135.5M | 0 | -$5.7M | -$1.5M | -$4.8M |
| Flujo de Caja Libre | $75.0M | $53.3M | $55.6M | $62.5M | $48.2M | $60.7M | -$22.8M | $45.6M |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +14.2% | +33.8% | +50.8% | -6.7% | -12.5% | -8.8% | -19.7% | |
| Crecimiento Beneficio Neto (anual) | +50.3% | -2025.7% | -88.2% | +101.8% | -90.1% | +296.1% | -20.4% | |
| Crecimiento BPA (anual) | +50.2% | -2026.6% | -142.6% | +102.9% | -92.3% | +228.6% | -34.5% | |
| Cambio en Acciones (anual) | +0.0% | +0.0% | -27.0% | -34.5% | +34.6% | +18.3% | +23.6% | |
| Crecimiento FCF (anual) | -29.0% | +4.3% | +12.4% | -22.8% | +25.9% | -137.6% | +299.6% | |
| Margen Bruto | 75.8% | 84.4% | 57.5% | 56.4% | 87.8% | 87.3% | 87.6% | 86.5% |
| Margen Operativo | 7.7% | 9.4% | -147.9% | -176.2% | 17.0% | 11.6% | 21.8% | 19.2% |
| Margen EBITDA | 8.7% | 10.3% | -147.2% | -172.8% | 20.6% | 13.0% | 23.5% | 21.0% |
| Margen Neto | 7.8% | 10.3% | -147.8% | -184.5% | 3.5% | 0.4% | 1.7% | 1.7% |
| Margen FCF | 31.4% | 19.6% | 15.3% | 11.4% | 9.4% | 13.5% | -5.6% | 13.9% |
| Tasa Impositiva Efectiva | 0.0% | 0.0% | -0.0% | -0.2% | 1.5% | 3.2% | 3.4% | 3.8% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $28.98 | $20.59 | $21.48 | $33.05 | $38.96 | $36.44 | $-11.59 | $18.71 |
| Dividendo por Acción | $8.51 | $7.91 | $39.33 | $71.67 | $0.00 | $3.45 | $0.76 | $1.96 |
| Acciones en Circulación (Básicas) | $2.6M | $2.6M | $2.6M | $1.9M | $1.2M | $1.6M | $1.9M | $2.3M |
Qué mirar en Servicios Financieros
Asset managers, brokers, fintech, bolsas. No son bancos — mira AUM, comisiones y calidad del FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | -12.41% |
| Rentabilidad sobre capital invertido | -40.86% |
| Rentabilidad sobre activos | 1.20% |
| Margen bruto | 86.19% |
| Margen operativo | 8.08% |
| Margen neto | 0.70% |
Salud financiera
| Deuda / Patrimonio | -0.17 |
| Ratio corriente | 0.35 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| P/E | 27.45 | 18.28 | -0.99 | -0.30 | 2.30 | 48.75 | 3.08 | 6.23 |
| P/VC | 0.00 | -1.95 | -0.58 | -5.87 | -1.95 | -7.81 | -1.73 | -3.00 |
| P/V | 2.14 | 1.88 | 1.46 | 0.52 | 0.08 | 0.19 | 0.05 | 0.11 |
| Margen Bruto | 75.8% | 84.4% | 57.5% | 56.4% | 87.8% | 87.3% | 87.6% | 86.5% |
| Margen Operativo | 7.7% | 9.4% | -147.9% | -176.2% | 17.0% | 11.6% | 21.8% | 19.2% |
| Margen Neto | 7.8% | 10.3% | -147.8% | -184.5% | 3.5% | 0.4% | 1.7% | 1.7% |
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Explorar sector: Financial Services · Financial - Data & Stock Exchanges
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