Estados financieros detallados de M-tron Industries, Inc. (MPTI): 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
M-tron Industries, Inc. registró ingresos de $54.4M en el último ejercicio fiscal, con un CAGR de 5 años del 12.7%. El beneficio neto alcanzó $8.4M, con un CAGR a 5 años del 29.6%.
Márgenes de los últimos 12 meses: margen bruto 44.3%, margen operativo 18.5%, margen neto 16.3%. El flujo de caja libre creció a un CAGR del 18.3% en 5 años.
Al precio actual de $76.10, MPTI cotiza a un P/E de 25.88 y un ROE del 13.03%. La capitalización bursátil es de $271M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $30.0M | $26.7M | $31.8M | $41.2M | $49.0M | $54.4M |
| Coste de Ventas | $19.7M | $17.4M | $20.5M | $24.4M | $26.4M | $30.3M |
| Beneficio Bruto | $10.3M | $9.3M | $11.3M | $16.8M | $22.6M | $24.1M |
| I+D | $2.0M | $2.0M | $2.0M | $2.2M | $2.8M | 0 |
| Generales y Administrativos | $7.3M | 0 | 0 | $10.3M | 0 | $13.9M |
| Gastos Operativos | $7.3M | $7.2M | $8.5M | $12.5M | $13.2M | $13.9M |
| Beneficio Operativo | $3.0M | $2.1M | $2.9M | $4.3M | $9.4M | $10.3M |
| EBITDA | $3.5M | $2.7M | $3.3M | $5.2M | $10.7M | $12.0M |
| Gastos por Intereses | $86000 | $12000 | $11000 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | $2.9M | $2.1M | $2.6M | $4.4M | $9.8M | $11.0M |
| Impuestos | $583000 | $531000 | $797000 | $911000 | $2.1M | $2.5M |
| Beneficio Neto | $2.3M | $1.6M | $1.8M | $3.5M | $7.6M | $8.4M |
| BPA | $0.43 | $0.59 | $0.67 | $1.29 | $2.78 | $2.94 |
| BPA Diluido | $0.43 | $0.59 | $0.67 | $1.28 | $2.65 | $2.62 |
| Acciones en Circulación (Diluidas) | $5.4M | $2.7M | $2.7M | $2.7M | $2.9M | $3.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $14.2M | $14.2M | $14.7M | $15.1M |
| Beneficio Bruto | $6.3M | $6.7M | $6.6M | $6.2M |
| Beneficio Operativo | $2.5M | $3.9M | $2.6M | $1.7M |
| EBITDA | $3.0M | $4.4M | $3.2M | $2.8M |
| Beneficio Neto | $1.8M | $3.4M | $2.4M | $1.9M |
| BPA | $0.64 | $1.16 | $0.68 | $0.46 |
| BPA Diluido | $0.63 | $0.99 | $0.67 | $0.43 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $2.5M | $2.6M | $926000 | $3.9M | $12.6M | $20.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $3.9M | $4.0M | $5.2M | $4.8M | $6.8M | $29.0M |
| Inventario | $5.1M | $5.2M | $7.5M | $8.9M | $9.5M | $9.7M |
| Activos Corrientes | $11.7M | $12.1M | $14.3M | $18.2M | $29.8M | $61.2M |
| Inmovilizado Material | $3.0M | $3.6M | $3.8M | $4.2M | $5.1M | $6.7M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $206000 | $152000 | $98000 | $45000 | $40000 | $40000 |
| Activos Totales | $17.9M | $20.0M | $19.3M | $24.3M | $36.5M | $68.4M |
| Cuentas por Pagar | $1.2M | $1.4M | $2.4M | $1.3M | $1.4M | $1.8M |
| Deuda a Corto | 0 | 0 | $71000 | 0 | 0 | $69000 |
| Pasivos Corrientes | $2.8M | $3.0M | $4.9M | $4.4M | $5.2M | $4.9M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | $148000 |
| Pasivos Totales | $2.9M | $3.2M | $4.9M | $4.4M | $5.2M | $5.2M |
| Reservas | 0 | 0 | $212000 | $3.7M | $11.3M | $19.8M |
| Patrimonio Neto | $15.0M | $16.8M | $14.3M | $19.9M | $31.3M | $63.2M |
| Deuda Total | $132000 | $145000 | $147000 | $97000 | $9000 | $217000 |
| Deuda Neta | -$2.3M | -$2.5M | -$779000 | -$3.8M | -$12.6M | -$20.7M |
| Capital Circulante | $8.9M | $9.1M | $9.5M | $13.8M | $24.5M | $56.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $18.3M | $20.9M | $52.0M | $96.2M |
| Activos Totales | $42.2M | $68.4M | $79.3M | $125.9M |
| Pasivos Totales | $5.2M | $5.2M | $6.2M | $7.2M |
| Patrimonio Neto | $37.0M | $63.2M | $73.1M | $118.7M |
| Deuda Total | $159000 | $217000 | $128000 | $132000 |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $2.3M | $1.6M | $1.8M | $3.5M | $7.6M | $8.4M |
| Amortizaciones | $489000 | $542000 | $725000 | $850000 | $973000 | $1.1M |
| Compensación en Acciones | $145000 | $292000 | $458000 | $2.4M | $636000 | $1.1M |
| Cambio en Capital Circulante | $471000 | $37000 | -$2.1M | -$1.6M | -$1.9M | -$1.5M |
| Flujo de Caja Operativo | $3.9M | $3.0M | $2.0M | $4.4M | $7.5M | $10.7M |
| Inversiones (CapEx) | -$407000 | -$1.1M | -$936000 | -$1.3M | -$1.9M | -$2.6M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$10000 | -$137000 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $3.5M | $1.9M | $1.1M | $3.1M | $5.6M | $8.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $3.5M | $2.7M | $2.1M | $3.7M |
| Inversiones (CapEx) | -$807000 | -$346000 | -$452000 | -$937000 |
| Flujo de Caja Libre | $2.7M | $2.3M | $1.7M | $2.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $276000 | $278000 | $382000 | $1.3M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -11.0% | +19.3% | +29.3% | +19.1% | +11.0% |
| Crecimiento Beneficio Neto (anual) | | -31.5% | +13.7% | +94.0% | +118.9% | +10.6% |
| Crecimiento BPA (anual) | | +37.2% | +13.6% | +92.5% | +115.5% | +5.8% |
| Cambio en Acciones (anual) | | -50.5% | +0.4% | +2.1% | +5.5% | +11.9% |
| Crecimiento FCF (anual) | | -46.8% | -40.6% | +182.5% | +80.0% | +44.2% |
| Margen Bruto | 34.3% | 35.0% | 35.6% | 40.7% | 46.2% | 44.4% |
| Margen Operativo | 10.1% | 7.9% | 9.0% | 10.4% | 19.2% | 18.9% |
| Margen EBITDA | 11.6% | 10.0% | 10.5% | 12.8% | 21.9% | 22.1% |
| Margen Neto | 7.7% | 5.9% | 5.6% | 8.5% | 15.6% | 15.5% |
| Margen FCF | 11.7% | 7.0% | 3.5% | 7.6% | 11.5% | 14.9% |
| Tasa Impositiva Efectiva | 20.2% | 25.1% | 30.7% | 20.7% | 21.9% | 22.9% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.65 | $0.70 | $0.41 | $1.14 | $1.95 | $2.51 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $5.4M | $2.7M | $2.7M | $2.7M | $2.7M | $2.9M |
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 | 13.03% |
| Rentabilidad sobre capital invertido | 7.09% |
| Rentabilidad sobre activos | 7.56% |
| Margen bruto | 44.28% |
| Margen operativo | 18.49% |
| Margen neto | 16.35% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 16.63 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 20.44 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 30.47 | 22.20 | 13.06 | 27.67 | 17.42 | 18.10 |
| P/VC | 4.72 | 2.07 | 1.63 | 4.84 | 4.26 | 2.42 |
| P/V | 2.36 | 1.31 | 0.74 | 2.34 | 2.72 | 2.81 |
| Margen Bruto | 34.3% | 35.0% | 35.6% | 40.7% | 46.2% | 44.4% |
| Margen Operativo | 10.1% | 7.9% | 9.0% | 10.4% | 19.2% | 18.9% |
| Margen Neto | 7.7% | 5.9% | 5.6% | 8.5% | 15.6% | 15.5% |