Estados financieros detallados de PetMed Express, Inc. (PETS): 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
PetMed Express, Inc. registró ingresos de $179.0M en el último ejercicio fiscal, con un CAGR de 5 años del -10.0%.
Márgenes de los últimos 12 meses: margen bruto 23.7%, margen operativo -18.2%, margen neto -17.3%.
Al precio actual de $1.60, PETS presenta beneficios negativos (P/E no significativo) y un ROE del -108.76%. La capitalización bursátil es de $34M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $249.2M | $273.8M | $283.4M | $284.1M | $303.6M | $273.4M | $256.6M | $274.1M | $227.0M | $179.0M |
| Coste de Ventas | $169.9M | $176.0M | $188.1M | $202.9M | $219.3M | $198.1M | $185.8M | $196.4M | $157.8M | $138.2M |
| Beneficio Bruto | $79.3M | $97.8M | $95.3M | $81.2M | $84.3M | $75.3M | $71.0M | $77.7M | $69.1M | $40.8M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $40.5M | $43.5M | $46.9M | $48.0M | $49.9M | $49.6M | $68.9M | $79.8M | $62.4M | $72.2M |
| Gastos Operativos | $41.8M | $45.7M | $49.1M | $50.3M | $53.8M | $49.6M | $64.7M | $84.7M | $70.7M | $72.2M |
| Beneficio Operativo | $37.5M | $52.1M | $46.2M | $31.0M | $30.5M | $25.7M | $6.6M | -$7.0M | -$1.5M | -$31.4M |
| EBITDA | $38.9M | $54.3M | $51.3M | $36.1M | $33.0M | $29.8M | $11.0M | $783000 | $6.7M | -$22.0M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | $1.2M | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | $37.9M | $53.8M | $49.1M | $33.9M | $30.9M | $27.1M | $7.4M | -$6.3M | -$587000 | -$57.4M |
| Impuestos | $14.1M | $16.5M | $11.4M | $8.0M | $7.0M | $6.0M | $2.3M | $1.2M | $5.7M | -$73000 |
| Beneficio Neto | $23.8M | $37.3M | $37.7M | $25.9M | $23.9M | $21.1M | $5.1M | -$7.5M | -$6.3M | -$57.3M |
| BPA | $1.18 | $1.83 | $1.84 | $1.29 | $1.53 | $1.05 | $0.25 | $-0.37 | $-0.30 | $-2.74 |
| BPA Diluido | $1.17 | $1.82 | $1.84 | $1.29 | $1.52 | $1.04 | $0.25 | $-0.37 | $-0.30 | $-2.74 |
| Acciones en Circulación (Diluidas) | $20.4M | $20.4M | $20.5M | $20.1M | $20.1M | $20.4M | $20.3M | $20.4M | $20.6M | $20.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $44.4M | $40.7M | $42.8M | $41.0M |
| Beneficio Bruto | $12.4M | $9.5M | $6.8M | $11.3M |
| Beneficio Operativo | -$8.4M | -$10.5M | -$5.7M | -$6.2M |
| EBITDA | -$5.9M | -$8.1M | -$3.3M | -$4.5M |
| Beneficio Neto | -$8.5M | -$10.6M | -$4.1M | -$6.1M |
| BPA | $-0.41 | $-0.50 | $-0.19 | $-0.28 |
| BPA Diluido | $-0.41 | $-0.50 | $-0.19 | $-0.28 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $58.7M | $77.9M | $100.5M | $103.8M | $118.7M | $111.1M | $104.1M | $55.3M | $54.7M | $21.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.8M | $2.3M | $2.5M | $3.8M | $2.6M | $1.9M | $1.7M | $3.3M | $2.3M | $1.9M |
| Inventario | $20.2M | $23.3M | $21.4M | $17.9M | $34.4M | $32.5M | $19.0M | $28.6M | $16.2M | $13.6M |
| Activos Corrientes | $81.8M | $105.2M | $126.4M | $129.0M | $161.2M | $151.0M | $130.4M | $93.6M | $78.9M | $43.6M |
| Inmovilizado Material | $30.2M | $28.7M | $27.1M | $25.4M | $25.4M | $24.5M | $26.2M | $28.1M | $29.8M | $26.8M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $26.7M | $26.7M | 0 |
| Activos Intangibles | $860000 | $860000 | $860000 | $860000 | $860000 | $860000 | $5.9M | $11.2M | $13.3M | $10.8M |
| Activos Totales | $112.8M | $134.8M | $154.4M | $155.3M | $187.5M | $176.3M | $170.0M | $169.9M | $148.7M | $81.2M |
| Cuentas por Pagar | $15.2M | $15.3M | $16.3M | $19.7M | $39.5M | $27.5M | $25.2M | $37.0M | $23.6M | $20.9M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $459000 | $461000 | $493000 |
| Pasivos Corrientes | $18.4M | $18.1M | $18.6M | $24.3M | $44.9M | $33.2M | $57.5M | $72.2M | $62.8M | $52.0M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $535000 | 0 |
| Pasivos Totales | $19.4M | $19.1M | $19.7M | $25.3M | $46.2M | $34.1M | $60.0M | $73.2M | $63.6M | $52.3M |
| Reservas | $86.5M | $106.3M | $122.2M | $126.2M | $134.1M | $130.5M | $91.7M | $71.6M | $66.5M | $9.3M |
| Patrimonio Neto | $93.4M | $115.7M | $134.7M | $130.0M | $141.3M | $142.2M | $110.0M | $96.7M | $85.1M | $28.9M |
| Deuda Total | 0 | 0 | 0 | 0 | 0 | 0 | $995000 | $1.5M | $996000 | $535000 |
| Deuda Neta | -$58.7M | -$77.9M | -$100.5M | -$103.8M | -$118.7M | -$111.1M | -$103.1M | -$53.8M | -$53.7M | -$20.9M |
| Capital Circulante | $63.4M | $87.1M | $107.8M | $104.7M | $116.3M | $117.8M | $72.9M | $21.5M | $16.1M | -$8.5M |
Balance (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q2 |
|---|
| Caja y Equivalentes | $26.9M | $21.4M | $13.1M | $13.1M |
| Activos Totales | $88.0M | $81.2M | $63.8M | $63.8M |
| Pasivos Totales | $55.2M | $52.3M | $40.8M | $40.8M |
| Patrimonio Neto | $32.8M | $28.9M | $23.0M | $23.0M |
| Deuda Total | $652000 | $535000 | $414000 | $414000 |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $23.8M | $37.3M | $37.7M | $25.9M | $30.6M | $21.1M | $233000 | -$7.5M | -$6.3M | -$57.3M |
| Amortizaciones | $1.4M | $2.1M | $2.2M | $2.3M | $2.4M | $2.7M | $3.5M | $7.1M | $7.0M | $9.4M |
| Compensación en Acciones | $1.9M | $2.6M | $3.1M | $2.8M | $3.3M | $4.5M | $6.6M | $6.9M | -$6.6M | $1.4M |
| Cambio en Capital Circulante | $17.7M | -$4.6M | $1.9M | $7.9M | $3.3M | -$9.7M | $13.9M | -$2.8M | $3.7M | -$8.4M |
| Flujo de Caja Operativo | $47.2M | $37.4M | $45.1M | $38.8M | $40.1M | $18.5M | $27.8M | $4.3M | $4.7M | -$28.4M |
| Inversiones (CapEx) | -$10.6M | -$703000 | -$620000 | -$2.3M | -$2.4M | -$1.8M | -$5.3M | -$4.5M | -$5.1M | -$4.6M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | -$5.0M | -$36.2M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$11.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$15.5M | -$17.5M | -$21.9M | -$21.8M | -$22.7M | -$24.4M | -$24.5M | -$12.4M | -$181000 | -$21000 |
| Flujo de Caja Libre | $36.6M | $36.7M | $44.5M | $36.5M | $37.6M | $16.7M | $22.5M | -$194000 | -$395000 | -$33.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$2.2M | -$9.2M | -$4.7M | -$7.7M |
| Inversiones (CapEx) | -$2.6M | $21000 | -$720000 | -$641000 |
| Flujo de Caja Libre | -$4.8M | -$9.2M | -$5.5M | -$8.3M |
| Dividendos Pagados | -$22000 | -$1000 | $3000 | 0 |
| Compensación en Acciones | $248000 | $254000 | $272000 | $198000 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +9.9% | +3.5% | +0.2% | +6.8% | -9.9% | -6.2% | +6.8% | -17.2% | -21.1% |
| Crecimiento Beneficio Neto (anual) | | +56.5% | +1.2% | -31.5% | -7.5% | -11.8% | -75.6% | -245.2% | +16.0% | -813.5% |
| Crecimiento BPA (anual) | | +55.1% | +0.5% | -29.9% | +18.6% | -31.4% | -76.2% | -248.0% | +18.9% | -813.3% |
| Cambio en Acciones (anual) | | +0.3% | +0.3% | -2.1% | +0.3% | +1.2% | -0.1% | +0.3% | +1.0% | +1.6% |
| Crecimiento FCF (anual) | | +0.2% | +21.4% | -17.9% | +3.0% | -55.5% | +34.6% | -100.9% | -103.6% | -8256.7% |
| Margen Bruto | 31.8% | 35.7% | 33.6% | 28.6% | 27.8% | 27.6% | 27.7% | 28.4% | 30.5% | 22.8% |
| Margen Operativo | 15.0% | 19.0% | 16.3% | 10.9% | 10.1% | 9.4% | 2.6% | -2.5% | -0.7% | -17.5% |
| Margen EBITDA | 15.6% | 19.8% | 18.1% | 12.7% | 10.9% | 10.9% | 4.3% | 0.3% | 3.0% | -12.3% |
| Margen Neto | 9.6% | 13.6% | 13.3% | 9.1% | 7.9% | 7.7% | 2.0% | -2.7% | -2.8% | -32.0% |
| Margen FCF | 14.7% | 13.4% | 15.7% | 12.9% | 12.4% | 6.1% | 8.8% | -0.1% | -0.2% | -18.4% |
| Tasa Impositiva Efectiva | 37.2% | 30.7% | 23.2% | 23.7% | 22.7% | 22.1% | 31.0% | -19.0% | -968.3% | 0.1% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $1.80 | $1.79 | $2.17 | $1.82 | $1.87 | $0.82 | $1.11 | $-0.01 | $-0.02 | $-1.58 |
| Dividendo por Acción | $0.76 | $0.85 | $1.07 | $1.09 | $1.13 | $1.20 | $1.21 | $0.61 | $0.01 | $0.00 |
| Acciones en Circulación (Básicas) | $20.2M | $20.3M | $20.5M | $20.0M | $20.1M | $20.2M | $20.3M | $20.4M | $20.6M | $20.9M |
Qué mirar en empresas de Consumer Cyclical
- Margen operativo medio 5a (Media del ciclo) — Mira la media del ciclo, no el año actual (pico o valle).
- Rotación de inventario (≥4x/año) — El retail sano rota inventario rápido. Una caída señala demanda débil.
- ROIC medio 5a (≥12%) — Cíclicas con ROIC medio >12% son ganadoras estructurales.
- Deuda neta / EBITDA (pico) (<3x en valle) — En cíclicas la deuda mata en recesión.
- Current Ratio (>1,5x) — Aguanta 12-18 meses sin caja operativa.
- Altman Z-Score (>2,99 seguro) — Modelo de bancarrota — clave en cíclicas sensibles a recesión.
Rentabilidad
| Rentabilidad sobre capital | -108.76% |
| Rentabilidad sobre capital invertido | -130.21% |
| Rentabilidad sobre activos | -45.92% |
| Margen bruto | 23.71% |
| Margen operativo | -18.22% |
| Margen neto | -17.34% |
Salud financiera
| Deuda / Patrimonio | 0.02 |
| Ratio corriente | 0.68 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 17.07 | 22.81 | 12.57 | 22.31 | 22.99 | 24.57 | 64.96 | -12.65 | -13.97 | -0.83 |
| P/VC | 4.36 | 7.34 | 3.51 | 4.44 | 4.99 | 3.66 | 2.99 | 0.99 | 1.01 | 1.65 |
| P/V | 1.64 | 3.10 | 1.67 | 2.03 | 2.32 | 1.90 | 1.28 | 0.35 | 0.38 | 0.27 |
| Margen Bruto | 31.8% | 35.7% | 33.6% | 28.6% | 27.8% | 27.6% | 27.7% | 28.4% | 30.5% | 22.8% |
| Margen Operativo | 15.0% | 19.0% | 16.3% | 10.9% | 10.1% | 9.4% | 2.6% | -2.5% | -0.7% | -17.5% |
| Margen Neto | 9.6% | 13.6% | 13.3% | 9.1% | 7.9% | 7.7% | 2.0% | -2.7% | -2.8% | -32.0% |