Estados financieros detallados de Park-Ohio Holdings Corp. (PKOH): 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
Park-Ohio Holdings Corp. registró ingresos de $1.60B en el último ejercicio fiscal, con un CAGR de 5 años del 6.8%.
Márgenes de los últimos 12 meses: margen bruto 17.3%, margen operativo 5.2%, margen neto 1.6%. El flujo de caja libre creció a un CAGR del -52.9% en 5 años.
Al precio actual de $45.07, PKOH cotiza a un P/E de 22.88 y un ROE del 7.15%. La capitalización bursátil es de $649M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.28B | $1.41B | $1.66B | $1.62B | $1.15B | $1.28B | $1.49B | $1.66B | $1.66B | $1.60B |
| Coste de Ventas | $1.07B | $1.18B | $1.39B | $1.36B | $986.8M | $1.10B | $1.28B | $1.39B | $1.37B | $1.33B |
| Beneficio Bruto | $203.0M | $234.6M | $271.5M | $260.3M | $165.3M | $177.9M | $210.5M | $271.4M | $281.4M | $271.2M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $129.8M | $147.7M | $176.1M | $177.2M | $140.2M | $155.9M | $162.2M | $181.5M | $187.4M | $189.6M |
| Gastos Operativos | $129.8M | $147.7M | $176.1M | $177.2M | $146.8M | $161.6M | $177.1M | $187.3M | $194.8M | $189.6M |
| Beneficio Operativo | $69.2M | $90.2M | $97.3M | $83.1M | $18.5M | $16.3M | $33.4M | $84.1M | $86.6M | $81.6M |
| EBITDA | $102.7M | $110.7M | $142.4M | $122.9M | $54.0M | $56.8M | $74.7M | $118.3M | $125.4M | $104.3M |
| Gastos por Intereses | $28.2M | $31.5M | $34.3M | $33.8M | $27.6M | $27.1M | $33.8M | $45.1M | $47.4M | $47.5M |
| Beneficio Antes de Impuestos | $41.0M | $47.7M | $71.8M | $54.9M | -$1.8M | -$1.1M | $10.7M | $41.5M | $44.4M | $23.8M |
| Impuestos | $8.8M | $18.2M | $16.6M | $15.2M | -$1.3M | -$1.0M | -$700000 | $8.5M | $4.9M | $2.8M |
| Beneficio Neto | $31.7M | $28.6M | $53.6M | $38.6M | -$4.5M | -$24.8M | -$14.2M | $7.8M | $31.8M | $24.8M |
| BPA | $2.62 | $2.34 | $4.37 | $3.16 | $-0.40 | $-2.12 | $-1.16 | $0.63 | $3.27 | $1.72 |
| BPA Diluido | $2.58 | $2.30 | $4.29 | $3.12 | $-0.40 | $-2.12 | $-1.16 | $0.62 | $3.19 | $1.70 |
| Acciones en Circulación (Diluidas) | $12.3M | $12.5M | $12.5M | $12.4M | $12.1M | $12.3M | $12.2M | $12.5M | $13.2M | $14.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $398.6M | $395.0M | $421.0M | $440.1M |
| Beneficio Bruto | $66.6M | $68.3M | $72.7M | $78.9M |
| Beneficio Operativo | $20.1M | $20.2M | $21.0M | $24.5M |
| EBITDA | $25.3M | $19.9M | $30.1M | $35.1M |
| Beneficio Neto | $5.5M | $1.5M | $8.2M | $12.1M |
| BPA | $0.40 | $0.11 | $0.59 | $0.87 |
| BPA Diluido | $0.39 | $0.07 | $0.58 | $0.86 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $64.3M | $82.8M | $55.7M | $56.0M | $55.0M | $54.1M | $58.2M | $54.8M | $53.1M | $44.8M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $194.4M | $287.1M | $330.7M | $323.0M | $305.0M | $278.6M | $271.3M | $263.3M | $249.5M | $265.0M |
| Inventario | $240.6M | $282.8M | $317.8M | $327.2M | $310.9M | $352.4M | $406.5M | $411.1M | $422.9M | $420.9M |
| Activos Corrientes | $552.7M | $669.6M | $720.6M | $725.7M | $706.4M | $775.5M | $932.4M | $824.4M | $836.0M | $852.5M |
| Inmovilizado Material | $167.1M | $177.0M | $219.4M | $301.9M | $305.2M | $235.6M | $235.8M | $229.6M | $223.2M | $239.7M |
| Fondo de Comercio | $86.6M | $100.2M | $103.4M | $108.4M | $110.9M | $106.0M | $108.9M | $110.2M | $111.7M | $115.8M |
| Activos Intangibles | $96.6M | $99.5M | $95.3M | $90.6M | $86.8M | $81.7M | $78.7M | $73.3M | $71.9M | $69.2M |
| Activos Totales | $974.3M | $1.13B | $1.21B | $1.31B | $1.30B | $1.36B | $1.44B | $1.34B | $1.37B | $1.42B |
| Cuentas por Pagar | $133.6M | $173.7M | $177.8M | $175.0M | $166.7M | $178.3M | $221.0M | $204.0M | $194.8M | $199.8M |
| Deuda a Corto | $30.8M | $17.7M | $17.9M | $9.8M | $4.5M | $6.3M | $10.9M | $9.4M | $8.4M | $8.3M |
| Pasivos Corrientes | $241.9M | $276.1M | $298.9M | $305.0M | $307.1M | $349.0M | $448.6M | $363.6M | $361.1M | $366.6M |
| Deuda a Largo | $439.0M | $515.5M | $547.5M | $535.0M | $506.2M | $586.9M | $655.1M | $633.4M | $618.3M | $607.3M |
| Pasivos Totales | $738.3M | $844.5M | $895.9M | $960.8M | $942.6M | $1.04B | $1.17B | $1.05B | $1.03B | $1.04B |
| Reservas | $193.6M | $216.1M | $265.9M | $298.2M | $290.5M | $259.4M | $238.8M | $240.1M | $265.2M | $281.8M |
| Patrimonio Neto | $226.0M | $276.0M | $299.0M | $335.6M | $344.2M | $314.1M | $256.5M | $280.4M | $330.8M | $382.8M |
| Deuda Total | $469.8M | $533.2M | $565.4M | $627.5M | $599.0M | $649.7M | $720.9M | $687.8M | $667.2M | $670.3M |
| Deuda Neta | $405.5M | $450.4M | $509.7M | $571.5M | $544.0M | $595.6M | $662.7M | $633.0M | $614.1M | $625.5M |
| Capital Circulante | $310.8M | $393.5M | $421.7M | $420.7M | $399.3M | $426.5M | $483.8M | $460.8M | $474.9M | $485.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $50.8M | $44.8M | $46.7M | $48.3M |
| Activos Totales | $1.44B | $1.42B | $1.44B | $1.47B |
| Pasivos Totales | $1.06B | $1.04B | $1.06B | $1.08B |
| Patrimonio Neto | $374.8M | $382.8M | $379.4M | $391.1M |
| Deuda Total | $709.9M | $670.3M | $691.3M | $704.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $32.2M | $29.5M | $55.2M | $39.7M | -$4.8M | $1.1M | -$14.2M | $33.0M | $31.8M | $24.8M |
| Amortizaciones | $29.5M | $31.5M | $36.3M | $34.2M | $35.8M | $30.8M | $30.2M | $31.7M | $33.6M | $33.0M |
| Compensación en Acciones | $10.6M | $8.6M | $8.3M | $4.1M | $6.1M | 0 | $7.2M | $6.5M | $5.6M | 0 |
| Cambio en Capital Circulante | -$6.2M | -$36.4M | -$44.0M | -$15.7M | $26.0M | -$28.9M | -$97.8M | -$9.8M | -$23.9M | -$14.2M |
| Flujo de Caja Operativo | $72.9M | $46.7M | $54.8M | $63.7M | $69.3M | -$43.3M | -$27.6M | $50.5M | $29.8M | $41.3M |
| Inversiones (CapEx) | -$28.5M | -$27.9M | -$45.1M | -$40.1M | -$26.3M | -$22.3M | -$26.9M | -$28.2M | -$31.4M | -$40.3M |
| Adquisiciones | -$23.4M | -$39.7M | -$46.9M | -$8.1M | $1.4M | $14.9M | -$23.3M | -$1.2M | -$11.0M | 0 |
| Recompra de Acciones | -$1.9M | -$4.2M | -$9.0M | -$900000 | -$7.5M | -$2.5M | -$1.6M | 0 | -$2.6M | 0 |
| Dividendos Pagados | -$6.2M | -$6.9M | -$6.4M | -$7.0M | -$3.2M | -$7.0M | -$6.4M | -$7.4M | -$6.7M | -$7.8M |
| Flujo de Caja Libre | $44.4M | $18.8M | $9.7M | $23.6M | $43.0M | -$65.6M | -$54.5M | $22.3M | -$1.6M | $1.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $17.1M | $48.2M | -$7.9M | $9.2M |
| Inversiones (CapEx) | -$10.7M | -$12.7M | -$12.5M | -$11.0M |
| Flujo de Caja Libre | $6.4M | $35.5M | -$20.4M | -$1.8M |
| Dividendos Pagados | -$2.4M | -$1.8M | -$1.8M | -$1.8M |
| Compensación en Acciones | 0 | 0 | 0 | $1.4M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +10.7% | +17.4% | -2.4% | -28.8% | +10.8% | +16.9% | +11.2% | -0.2% | -3.4% |
| Crecimiento Beneficio Neto (anual) | | -9.8% | +87.4% | -28.0% | -111.7% | -451.1% | +42.7% | +154.9% | +307.7% | -22.0% |
| Crecimiento BPA (anual) | | -10.7% | +86.8% | -27.7% | -112.7% | -430.0% | +45.3% | +154.3% | +419.0% | -47.4% |
| Cambio en Acciones (anual) | | +1.6% | +0.1% | -1.0% | -2.6% | +1.7% | -0.6% | +2.6% | +5.8% | +5.7% |
| Crecimiento FCF (anual) | | -57.7% | -48.4% | +143.3% | +82.2% | -252.6% | +16.9% | +140.9% | -107.2% | +162.5% |
| Margen Bruto | 15.9% | 16.6% | 16.4% | 16.1% | 14.3% | 13.9% | 14.1% | 16.4% | 17.0% | 17.0% |
| Margen Operativo | 5.4% | 6.4% | 5.9% | 5.1% | 1.6% | 1.3% | 2.2% | 5.1% | 5.2% | 5.1% |
| Margen EBITDA | 8.0% | 7.8% | 8.6% | 7.6% | 4.7% | 4.4% | 5.0% | 7.1% | 7.6% | 6.5% |
| Margen Neto | 2.5% | 2.0% | 3.2% | 2.4% | -0.4% | -1.9% | -1.0% | 0.5% | 1.9% | 1.6% |
| Margen FCF | 3.5% | 1.3% | 0.6% | 1.5% | 3.7% | -5.1% | -3.7% | 1.3% | -0.1% | 0.1% |
| Tasa Impositiva Efectiva | 21.5% | 38.2% | 23.1% | 27.7% | 72.2% | 90.9% | -6.5% | 20.5% | 11.0% | 11.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $3.61 | $1.50 | $0.78 | $1.91 | $3.57 | $-5.35 | $-4.47 | $1.78 | $-0.12 | $0.07 |
| Dividendo por Acción | $0.50 | $0.55 | $0.51 | $0.57 | $0.27 | $0.57 | $0.52 | $0.59 | $0.51 | $0.56 |
| Acciones en Circulación (Básicas) | $12.1M | $12.2M | $12.3M | $12.2M | $12.1M | $12.3M | $12.2M | $12.3M | $12.9M | $13.8M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | 7.15% |
| Rentabilidad sobre capital invertido | 6.82% |
| Rentabilidad sobre activos | 1.86% |
| Margen bruto | 17.31% |
| Margen operativo | 5.19% |
| Margen neto | 1.65% |
Salud financiera
| Deuda / Patrimonio | 1.80 |
| Ratio corriente | 2.40 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 16.26 | 19.64 | 7.02 | 10.65 | -77.25 | -9.99 | -10.54 | 42.79 | 8.03 | 12.17 |
| P/VC | 2.28 | 2.03 | 1.26 | 1.23 | 1.08 | 0.83 | 0.58 | 1.18 | 1.02 | 0.75 |
| P/V | 0.40 | 0.40 | 0.23 | 0.25 | 0.32 | 0.20 | 0.10 | 0.20 | 0.20 | 0.18 |
| Margen Bruto | 15.9% | 16.6% | 16.4% | 16.1% | 14.3% | 13.9% | 14.1% | 16.4% | 17.0% | 17.0% |
| Margen Operativo | 5.4% | 6.4% | 5.9% | 5.1% | 1.6% | 1.3% | 2.2% | 5.1% | 5.2% | 5.1% |
| Margen Neto | 2.5% | 2.0% | 3.2% | 2.4% | -0.4% | -1.9% | -1.0% | 0.5% | 1.9% | 1.6% |