Estados financieros detallados de Oil-Dri Corporation of America (ODC): 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
Oil-Dri Corporation of America registró ingresos de $485.6M en el último ejercicio fiscal, con un CAGR de 5 años del 11.4%. El beneficio neto alcanzó $51.4M, con un CAGR a 5 años del 23.4%.
Márgenes de los últimos 12 meses: margen bruto 26.7%, margen operativo 13.4%, margen neto 11.2%. El flujo de caja libre creció a un CAGR del 11.4% en 5 años.
Al precio actual de $87.74, ODC cotiza a un P/E de 20.10 y un ROE del 20.30%. La capitalización bursátil es de $1.2B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $262.3M | $262.3M | $266.0M | $277.0M | $283.2M | $305.0M | $348.6M | $413.0M | $437.6M | $485.6M |
| Coste de Ventas | $185.2M | $188.6M | $194.1M | $211.4M | $207.4M | $239.7M | $286.1M | $309.8M | $312.5M | $342.5M |
| Beneficio Bruto | $77.1M | $73.7M | $71.9M | $65.7M | $75.8M | $65.2M | $62.5M | $103.2M | $125.1M | $143.1M |
| I+D | $3.0M | $3.2M | $3.4M | $3.2M | $2.8M | $2.5M | $2.1M | $1.2M | $2.1M | $2.4M |
| Generales y Administrativos | $58.7M | $55.3M | $52.6M | $52.0M | $62.5M | $49.7M | $49.9M | $61.0M | $70.2M | $72.5M |
| Gastos Operativos | $61.7M | $58.5M | $56.0M | $55.2M | $65.3M | $52.2M | $52.0M | $62.2M | $72.3M | $74.9M |
| Beneficio Operativo | $15.4M | $15.2M | $15.9M | $10.4M | $10.5M | $13.0M | $10.5M | $41.0M | $52.8M | $68.2M |
| EBITDA | $27.6M | $28.2M | $28.3M | $28.5M | $37.5M | $28.3M | $20.4M | $51.7M | $70.7M | $90.7M |
| Gastos por Intereses | $1.0M | $888000 | $676000 | $594000 | $518000 | $722000 | $1.2M | $1.5M | $1.8M | $2.4M |
| Beneficio Antes de Impuestos | $14.4M | $14.5M | $14.9M | $14.5M | $23.0M | $13.4M | $5.7M | $34.7M | $49.7M | $66.2M |
| Impuestos | $744000 | $3.8M | $6.6M | $1.9M | $4.3M | $2.4M | $97000 | $5.2M | $10.2M | $12.2M |
| Beneficio Neto | $13.3M | $10.5M | $8.0M | $12.1M | $17.9M | $10.6M | $5.7M | $28.0M | $37.3M | $51.4M |
| BPA | $1.02 | $0.80 | $0.61 | $0.91 | $1.35 | $0.81 | $0.44 | $2.23 | $2.93 | $3.99 |
| BPA Diluido | $0.94 | $0.73 | $0.56 | $0.84 | $1.32 | $0.79 | $0.43 | $2.10 | $2.75 | $3.76 |
| Acciones en Circulación (Diluidas) | $14.2M | $14.3M | $14.4M | $14.5M | $13.6M | $13.5M | $13.1M | $16.5M | $17.7M | $16.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $125.2M | $120.5M | $117.7M | $126.3M |
| Beneficio Bruto | $34.8M | $35.5M | $32.3M | $28.0M |
| Beneficio Operativo | $15.6M | $17.0M | $15.7M | $17.1M |
| EBITDA | $21.7M | $24.0M | $22.0M | $24.2M |
| Beneficio Neto | $12.4M | $15.5M | $12.6M | $14.5M |
| BPA | $0.96 | $1.14 | $0.94 | $1.13 |
| BPA Diluido | $0.90 | $1.07 | $0.87 | $1.00 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $18.6M | $9.1M | $12.8M | $21.9M | $40.9M | $24.6M | $16.3M | $31.8M | $24.5M | $50.5M |
| Inversiones a Corto | $10.2M | $23.6M | $7.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $30.4M | $32.8M | $33.6M | $35.5M | $34.9M | $40.9M | $51.7M | $59.3M | $62.2M | $69.4M |
| Inventario | $23.3M | $22.6M | $22.5M | $24.2M | $23.9M | $23.6M | $35.6M | $42.6M | $54.2M | $51.6M |
| Activos Corrientes | $91.2M | $97.0M | $83.0M | $89.3M | $108.4M | $101.9M | $114.7M | $136.5M | $147.2M | $177.4M |
| Inmovilizado Material | $80.7M | $84.0M | $86.7M | $90.8M | $102.8M | $104.6M | $118.5M | $130.3M | $156.5M | $149.7M |
| Fondo de Comercio | $9.0M | $9.0M | $9.3M | $9.3M | $9.3M | $9.3M | $3.6M | $3.6M | $15.4M | $16.0M |
| Activos Intangibles | $5.4M | $4.4M | $3.5M | $3.1M | $2.5M | $2.2M | $1.6M | $1.4M | $26.7M | $25.0M |
| Activos Totales | $204.8M | $212.6M | $194.7M | $205.2M | $235.9M | $227.6M | $249.6M | $286.2M | $354.6M | $391.7M |
| Cuentas por Pagar | $6.6M | $9.6M | $6.5M | $8.1M | $12.5M | $9.2M | $13.4M | $17.1M | $15.0M | $16.8M |
| Deuda a Corto | $3.1M | $3.1M | $3.1M | $3.1M | $3.2M | $3.0M | $3.2M | $2.9M | $5.6M | $5.1M |
| Pasivos Corrientes | $30.7M | $33.0M | $30.9M | $32.6M | $46.2M | $39.0M | $48.5M | $58.8M | $66.7M | $69.2M |
| Deuda a Largo | $12.2M | $9.2M | $6.1M | $3.1M | $8.8M | $7.9M | $31.8M | $30.8M | $49.8M | $38.8M |
| Pasivos Totales | $89.4M | $86.5M | $62.8M | $69.7M | $87.9M | $68.3M | $99.3M | $109.2M | $144.0M | $132.6M |
| Reservas | $149.9M | $154.7M | $158.9M | $164.8M | $176.6M | $180.4M | $178.8M | $200.8M | $232.2M | $277.5M |
| Patrimonio Neto | $115.6M | $126.0M | $131.9M | $135.6M | $148.1M | $159.5M | $150.7M | $177.1M | $210.6M | $259.1M |
| Deuda Total | $15.3M | $12.2M | $9.2M | $6.1M | $21.2M | $18.9M | $44.7M | $42.5M | $70.7M | $55.2M |
| Deuda Neta | -$13.5M | -$20.4M | -$10.7M | -$15.7M | -$19.7M | -$5.7M | $28.4M | $10.8M | $46.2M | $4.7M |
| Capital Circulante | $60.4M | $64.1M | $52.1M | $56.7M | $62.2M | $63.0M | $66.2M | $77.7M | $80.5M | $108.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $50.5M | $42.4M | $46.9M | $62.9M |
| Activos Totales | $391.7M | $380.7M | $388.1M | $408.8M |
| Pasivos Totales | $132.6M | $114.2M | $115.7M | $123.6M |
| Patrimonio Neto | $259.1M | $266.5M | $272.4M | $285.2M |
| Deuda Total | $55.2M | $54.2M | $55.4M | $54.3M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $13.6M | $10.8M | $8.2M | $12.6M | $18.7M | $11.0M | $5.6M | $29.5M | $39.4M | $54.0M |
| Amortizaciones | $12.2M | $12.8M | $12.8M | $13.3M | $13.9M | $14.2M | $13.5M | $15.5M | $19.3M | $22.0M |
| Compensación en Acciones | $1.2M | $1.5M | $1.6M | $2.4M | $3.4M | $2.5M | $2.7M | $3.1M | $4.8M | $5.4M |
| Cambio en Capital Circulante | $6.1M | $3.4M | -$10.4M | $798000 | $9.8M | -$11.5M | -$14.9M | -$165000 | -$5.3M | -$432000 |
| Flujo de Caja Operativo | $25.2M | $26.9M | $10.6M | $26.7M | $42.5M | $13.6M | $9.8M | $49.8M | $60.3M | $80.2M |
| Inversiones (CapEx) | -$10.7M | -$14.8M | -$15.1M | -$15.0M | -$14.7M | -$18.8M | -$22.8M | -$24.4M | -$32.0M | -$32.6M |
| Adquisiciones | $10.7M | $14.8M | -$730000 | $15.0M | $205000 | $9000 | $21000 | -$269000 | -$44.3M | -$115000 |
| Recompra de Acciones | -$18000 | -$135000 | -$26000 | -$147000 | -$5.5M | -$3.1M | -$11.8M | -$1.1M | -$2.8M | -$2.3M |
| Dividendos Pagados | -$5.6M | -$5.9M | -$6.2M | -$6.7M | -$7.0M | -$7.2M | -$7.4M | -$7.4M | -$7.8M | -$8.4M |
| Flujo de Caja Libre | $14.5M | $12.2M | -$4.5M | $11.7M | $27.7M | -$5.2M | -$13.0M | $25.4M | $28.3M | $47.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $25.2M | $10.3M | $18.1M | $21.9M |
| Inversiones (CapEx) | -$8.1M | -$9.1M | -$5.8M | -$6.1M |
| Flujo de Caja Libre | $17.1M | $1.3M | $12.3M | $15.8M |
| Dividendos Pagados | -$2.1M | -$2.4M | -$2.4M | -$2.7M |
| Compensación en Acciones | 0 | $1.4M | -$1.4M | $1.3M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -0.0% | +1.4% | +4.1% | +2.2% | +7.7% | +14.3% | +18.5% | +5.9% | +11.0% |
| Crecimiento Beneficio Neto (anual) | | -20.7% | -23.6% | +50.6% | +48.1% | -40.8% | -46.6% | +394.1% | +32.9% | +38.0% |
| Crecimiento BPA (anual) | | -21.4% | -24.0% | +49.4% | +48.1% | -40.1% | -45.3% | +405.3% | +31.4% | +36.4% |
| Cambio en Acciones (anual) | | +0.9% | +0.9% | +0.4% | -6.5% | -0.8% | -2.3% | +25.6% | +7.1% | -4.5% |
| Crecimiento FCF (anual) | | -15.9% | -136.6% | +362.5% | +136.7% | -118.8% | -149.7% | +295.5% | +11.5% | +68.2% |
| Margen Bruto | 29.4% | 28.1% | 27.0% | 23.7% | 26.8% | 21.4% | 17.9% | 25.0% | 28.6% | 29.5% |
| Margen Operativo | 5.9% | 5.8% | 6.0% | 3.8% | 3.7% | 4.3% | 3.0% | 9.9% | 12.1% | 14.0% |
| Margen EBITDA | 10.5% | 10.8% | 10.6% | 10.3% | 13.2% | 9.3% | 5.9% | 12.5% | 16.2% | 18.7% |
| Margen Neto | 5.1% | 4.0% | 3.0% | 4.4% | 6.3% | 3.5% | 1.6% | 6.8% | 8.5% | 10.6% |
| Margen FCF | 5.5% | 4.6% | -1.7% | 4.2% | 9.8% | -1.7% | -3.7% | 6.1% | 6.5% | 9.8% |
| Tasa Impositiva Efectiva | 5.2% | 25.8% | 44.7% | 13.3% | 18.6% | 17.9% | 1.7% | 15.0% | 20.6% | 18.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.02 | $0.85 | $-0.31 | $0.81 | $2.04 | $-0.39 | $-0.99 | $1.54 | $1.60 | $2.82 |
| Dividendo por Acción | $0.39 | $0.41 | $0.43 | $0.46 | $0.52 | $0.53 | $0.56 | $0.45 | $0.44 | $0.50 |
| Acciones en Circulación (Básicas) | $14.1M | $14.2M | $14.3M | $13.3M | $13.3M | $13.2M | $12.9M | $12.6M | $13.7M | $12.9M |
Qué mirar en Basic Materials
Mineras, químicas, acero. 100% commodity-driven. Analizar con P/E puro es un error — mira posición de costes y sostenibilidad del dividendo.
- FCF yield — En commodities el FCF es oro — EPS engaña mucho
- Margen bruto — Margen bruto consistente 5y = señal de moat
- Deuda neta / EBITDA (valle) — Usar EBITDA del peor año del ciclo, no el actual
- Dividend coverage — Dividendo cubierto por FCF en año medio, no en pico
- Capex / D&A — >1x = mantienen/crecen reservas. <0.7x = están descapitalizando
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
- P/B en ciclos — Commodities: 0.8-1.2x en valles, 2x+ en picos. <2x aún zona razonable
Rentabilidad
| Rentabilidad sobre capital | 20.30% |
| Rentabilidad sobre capital invertido | 15.36% |
| Rentabilidad sobre activos | 13.45% |
| Margen bruto | 26.68% |
| Margen operativo | 13.35% |
| Margen neto | 11.22% |
Salud financiera
| Deuda / Patrimonio | 0.19 |
| Ratio corriente | 3.28 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 18.38 | 25.82 | 34.79 | 19.48 | 12.91 | 22.07 | 35.15 | 14.10 | 11.12 | 14.14 |
| P/VC | 2.28 | 2.33 | 2.29 | 1.74 | 1.56 | 1.47 | 1.32 | 2.23 | 2.12 | 2.81 |
| P/V | 1.00 | 1.12 | 1.14 | 0.85 | 0.82 | 0.77 | 0.57 | 0.96 | 1.02 | 1.50 |
| Margen Bruto | 29.4% | 28.1% | 27.0% | 23.7% | 26.8% | 21.4% | 17.9% | 25.0% | 28.6% | 29.5% |
| Margen Operativo | 5.9% | 5.8% | 6.0% | 3.8% | 3.7% | 4.3% | 3.0% | 9.9% | 12.1% | 14.0% |
| Margen Neto | 5.1% | 4.0% | 3.0% | 4.4% | 6.3% | 3.5% | 1.6% | 6.8% | 8.5% | 10.6% |