Estados financieros detallados de Odyssey Marine Exploration, Inc. (OMEX): 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
Odyssey Marine Exploration, Inc. registró ingresos de $353719 en el último ejercicio fiscal, con un CAGR de 5 años del -29.6%.
Márgenes de los últimos 12 meses: margen bruto -11.2%, margen operativo -113.7%, margen neto -214.3%.
Al precio actual de $0.70, OMEX presenta beneficios negativos (P/E no significativo) y un ROE del 100.12%. La capitalización bursátil es de $41M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $4.7M | $1.2M | $3.3M | $3.1M | $2.0M | $921238 | $1.3M | $803799 | $768677 | $353719 |
| Coste de Ventas | $8.3M | $3.4M | $3.7M | $7.9M | $10.9M | $9.6M | $9.8M | $4.3M | $3.1M | $2.9M |
| Beneficio Bruto | -$3.6M | -$2.2M | -$412807 | -$4.9M | -$8.9M | -$8.6M | -$8.4M | -$3.5M | -$2.3M | -$2.5M |
| I+D | $8.3M | $3.4M | $3.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $8.0M | $6.2M | $5.7M | $5.5M | $3.7M | $6.3M | $9.4M | $6.8M | $9.7M | $10.9M |
| Gastos Operativos | $8.0M | $6.2M | $5.7M | $5.5M | $3.7M | $6.3M | $9.4M | $6.8M | $9.7M | $10.9M |
| Beneficio Operativo | -$10.6M | -$8.4M | -$6.1M | -$10.3M | -$12.6M | -$15.0M | -$17.9M | -$10.3M | -$12.0M | -$13.4M |
| EBITDA | -$5.6M | -$7.5M | -$5.5M | -$10.0M | -$14.0M | -$5.1M | -$27.3M | $1.6M | $13.0M | -$43.5M |
| Gastos por Intereses | $2.4M | $2.7M | $3.1M | $5.4M | $6.9M | $10.8M | $2.3M | $5.0M | $6.5M | $4.9M |
| Beneficio Antes de Impuestos | -$9.1M | -$11.0M | -$9.1M | -$15.5M | -$21.1M | -$16.1M | -$29.8M | -$3.9M | $6.2M | -$48.5M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$6.3M | -$7.8M | -$5.2M | -$10.4M | -$14.8M | -$10.0M | -$22.1M | $5.3M | $15.7M | -$43.1M |
| BPA | $-0.84 | $-0.95 | $-0.60 | $-1.12 | $-1.41 | $-0.75 | $-1.34 | $0.27 | $0.75 | $-1.10 |
| BPA Diluido | $-0.84 | $-0.95 | $-0.60 | $-1.12 | $-1.41 | $-0.75 | $-1.34 | $0.27 | $0.07 | $-1.10 |
| Acciones en Circulación (Diluidas) | $7.6M | $8.2M | $8.6M | $9.3M | $10.5M | $13.3M | $17.3M | $20.1M | $28.4M | $39.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $60975 | $22744 | $22500 | $77855 |
| Beneficio Bruto | -$754242 | -$718565 | -$675746 | $77855 |
| Beneficio Operativo | -$2.1M | -$4.7M | -$6.4M | -$7.7M |
| EBITDA | -$12.1M | -$16.2M | $368049 | -$9.2M |
| Beneficio Neto | -$13.1M | -$17.4M | $347346 | -$9.3M |
| BPA | $-0.31 | $-0.39 | $0.01 | $-0.16 |
| BPA Diluido | $-0.31 | $-0.34 | $-0.04 | $-0.16 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.7M | $1.1M | $2.8M | $213389 | $6.2M | $2.3M | $1.4M | $4.0M | $4.8M | $3.5M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $473806 | $232380 | $789421 | $378540 | $160220 | $268867 | $7515 | $46394 | $285764 | $67323 |
| Inventario | $592616 | $481696 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $2.8M | $1.8M | $4.6M | $1.2M | $6.9M | $3.3M | $4.0M | $4.9M | $5.8M | $4.4M |
| Inmovilizado Material | $1.4M | $593816 | $117979 | $756841 | $614757 | $479143 | $3.2M | $646224 | $534016 | $474816 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M |
| Activos Totales | $5.1M | $3.0M | $5.5M | $5.3M | $11.8M | $8.9M | $13.9M | $22.8M | $18.5M | $15.8M |
| Cuentas por Pagar | $1.4M | $2.4M | $2.8M | $6.2M | $1.5M | $1.8M | $2.3M | $345378 | $748403 | $770750 |
| Deuda a Corto | $20.7M | $24.4M | $29.4M | $31.4M | $31.1M | $23.4M | $21.7M | $15.4M | $13.1M | $1.1M |
| Pasivos Corrientes | $27.2M | $33.3M | $42.0M | $51.2M | $53.9M | $52.6M | $41.8M | $31.5M | $22.5M | $11.7M |
| Deuda a Largo | $4.3M | $3.0M | 0 | $3.0M | $11.5M | $18.5M | $663536 | $7.9M | $9.9M | $3.9M |
| Pasivos Totales | $36.2M | $41.0M | $46.7M | $58.6M | $69.7M | $71.4M | $102.5M | $108.7M | $97.6M | $91.4M |
| Reservas | -$227.0M | -$234.7M | -$239.9M | -$250.3M | -$265.1M | -$275.1M | -$301.4M | -$296.1M | -$280.4M | -$323.5M |
| Patrimonio Neto | -$19.0M | -$22.6M | -$21.9M | -$29.3M | -$27.6M | -$26.0M | -$44.5M | -$32.5M | -$16.2M | -$37.6M |
| Deuda Total | $25.1M | $27.4M | $29.4M | $35.1M | $43.2M | $42.4M | $22.7M | $23.4M | $22.9M | $5.0M |
| Deuda Neta | $23.4M | $26.3M | $26.7M | $34.9M | $37.1M | $40.1M | $21.3M | $19.4M | $18.1M | $1.5M |
| Capital Circulante | -$24.5M | -$31.5M | -$37.4M | -$50.0M | -$47.0M | -$49.3M | -$37.8M | -$26.6M | -$16.7M | -$7.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $5.8M | $3.5M | $2.1M | $2.3M |
| Activos Totales | $17.7M | $15.8M | $13.4M | $13.2M |
| Pasivos Totales | $101.0M | $91.4M | $84.2M | $93.2M |
| Patrimonio Neto | -$45.4M | -$37.6M | -$32.8M | -$41.7M |
| Deuda Total | $11.9M | $5.0M | $4.9M | $9.8M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$9.1M | -$11.0M | -$9.1M | -$15.5M | -$21.1M | -$16.1M | -$29.8M | -$3.9M | $6.2M | -$48.5M |
| Amortizaciones | $1.1M | $760766 | $453466 | $169667 | $142086 | $154751 | $249473 | $421427 | $200587 | $75299 |
| Compensación en Acciones | $1.7M | $725875 | $278947 | $55200 | $420648 | $1.3M | $1.8M | $585654 | $2.0M | $222100 |
| Cambio en Capital Circulante | $2.0M | $3.2M | $3.5M | $8.4M | $10.8M | $19.7M | $8.1M | $1.3M | -$1.9M | $1.9M |
| Flujo de Caja Operativo | -$8.3M | -$5.9M | -$6.5M | -$5.4M | -$9.2M | -$5.4M | -$10.2M | -$10.2M | $642341 | -$8.8M |
| Inversiones (CapEx) | -$129684 | 0 | -$9624 | -$15492 | 0 | -$19137 | -$1.5M | -$1.3M | -$84350 | -$16098 |
| Adquisiciones | $200000 | $80000 | $1.0M | 0 | 0 | 0 | 0 | -$1.0M | 0 | -$157508 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$8.4M | -$5.9M | -$6.5M | -$5.5M | -$9.2M | -$5.4M | -$11.7M | -$11.5M | $557991 | -$8.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$2.1M | -$2.8M | -$3.8M | -$4.67B |
| Inversiones (CapEx) | -$1586 | -$14511 | -$3 | 0 |
| Flujo de Caja Libre | -$2.1M | -$2.8M | -$3.8M | -$4.67B |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | $84874 | 0 | -$151.6M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -73.3% | +162.4% | -6.2% | -33.7% | -54.8% | +44.9% | -39.8% | -4.4% | -54.0% |
| Crecimiento Beneficio Neto (anual) | | -22.9% | +33.3% | -101.8% | -41.9% | +32.8% | -121.8% | +124.2% | +192.9% | -375.2% |
| Crecimiento BPA (anual) | | -13.1% | +36.8% | -86.7% | -25.9% | +46.8% | -78.7% | +120.1% | +177.8% | -246.7% |
| Cambio en Acciones (anual) | | +8.5% | +4.6% | +8.9% | +12.8% | +26.2% | +30.2% | +16.2% | +41.0% | +38.3% |
| Crecimiento FCF (anual) | | +30.6% | -10.4% | +15.5% | -68.2% | +40.7% | -114.7% | +1.5% | +104.8% | -1688.8% |
| Margen Bruto | -76.5% | -175.4% | -12.6% | -158.0% | -435.9% | -936.7% | -631.3% | -434.7% | -303.9% | -715.0% |
| Margen Operativo | -225.3% | -669.4% | -185.2% | -336.7% | -619.9% | -1622.9% | -1337.6% | -1286.1% | -1561.8% | -3797.1% |
| Margen EBITDA | -120.0% | -603.4% | -168.2% | -324.4% | -688.5% | -558.3% | -2043.2% | 196.2% | 1686.7% | -12286.3% |
| Margen Neto | -134.9% | -621.5% | -157.9% | -339.7% | -726.7% | -1080.8% | -1654.3% | 665.1% | 2037.0% | -12180.6% |
| Margen FCF | -180.1% | -468.6% | -197.3% | -177.7% | -450.5% | -591.0% | -875.7% | -1432.9% | 72.6% | -2506.3% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | 0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1.12 | $-0.71 | $-0.75 | $-0.58 | $-0.87 | $-0.41 | $-0.68 | $-0.57 | $0.02 | $-0.23 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $7.6M | $8.2M | $8.6M | $9.3M | $10.5M | $13.3M | $17.3M | $19.9M | $21.0M | $39.3M |
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 | 100.12% |
| Rentabilidad sobre capital invertido | 1013.89% |
| Rentabilidad sobre activos | -298.01% |
| Margen bruto | -1124.93% |
| Margen operativo | -11369.99% |
| Margen neto | -21426.84% |
Salud financiera
| Deuda / Patrimonio | -0.23 |
| Ratio corriente | 0.12 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -4.07 | -3.97 | -5.55 | -2.85 | -5.04 | -6.93 | -2.90 | 17.22 | 0.96 | -1.78 |
| P/VC | -1.36 | -1.37 | -1.31 | -1.02 | -2.71 | -2.66 | -1.51 | -2.86 | -0.93 | -2.04 |
| P/V | 5.52 | 24.79 | 8.73 | 9.70 | 36.71 | 75.05 | 50.32 | 115.37 | 19.65 | 217.52 |
| Margen Bruto | -76.5% | -175.4% | -12.6% | -158.0% | -435.9% | -936.7% | -631.3% | -434.7% | -303.9% | -715.0% |
| Margen Operativo | -225.3% | -669.4% | -185.2% | -336.7% | -619.9% | -1622.9% | -1337.6% | -1286.1% | -1561.8% | -3797.1% |
| Margen Neto | -134.9% | -621.5% | -157.9% | -339.7% | -726.7% | -1080.8% | -1654.3% | 665.1% | 2037.0% | -12180.6% |