Estados financieros detallados de Park National Corporation (PRK): 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 National Corporation registró ingresos de $664.4M en el último ejercicio fiscal, con un CAGR de 5 años del 6.6%. El beneficio neto alcanzó $180.1M, con un CAGR a 5 años del 7.1%.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $327.2M | $372.9M | $411.9M | $457.7M | $483.4M | $475.8M | $514.2M | $564.3M | $645.6M | $664.4M |
| Coste de Ventas | 0 | $51.2M | $51.8M | $68.9M | $42.1M | $4.0M | $35.7M | $101.5M | $139.5M | $118.7M |
| Beneficio Bruto | $327.2M | $321.6M | $360.1M | $388.8M | $441.2M | $471.8M | $478.4M | $462.8M | $506.1M | $545.7M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $121.6M | $127.8M | $144.5M | $165.2M | $177.4M | $179.2M | $184.5M | $194.6M | $202.1M | $207.6M |
| Gastos Operativos | $177.5M | $203.2M | $228.8M | $264.0M | $286.6M | $283.5M | $298.0M | $309.2M | $321.3M | $324.4M |
| Beneficio Operativo | $149.7M | $118.5M | $131.3M | $124.8M | $154.6M | $188.2M | $180.5M | $153.6M | $184.7M | $221.3M |
| EBITDA | $131.3M | $127.1M | $139.9M | $133.9M | $165.5M | $201.5M | $194.3M | $167.6M | $196.9M | $229.9M |
| Gastos por Intereses | $38.2M | $42.7M | $43.9M | $62.8M | $30.1M | $16.0M | $31.2M | $98.6M | $124.9M | $107.2M |
| Beneficio Antes de Impuestos | $122.9M | $118.5M | $131.3M | $124.8M | $154.6M | $188.2M | $180.5M | $153.6M | $184.7M | $221.3M |
| Impuestos | $36.8M | $34.2M | $20.9M | $22.1M | $26.7M | $34.3M | $32.1M | $26.9M | $33.3M | $41.2M |
| Beneficio Neto | $86.1M | $84.2M | $110.4M | $102.7M | $127.9M | $153.9M | $148.4M | $126.7M | $151.4M | $180.1M |
| BPA | $5.62 | $5.51 | $7.13 | $6.33 | $7.85 | $9.45 | $9.13 | $7.84 | $9.38 | $11.18 |
| BPA Diluido | $5.59 | $5.47 | $7.07 | $6.29 | $7.80 | $9.37 | $9.07 | $7.80 | $9.32 | $11.11 |
| Acciones en Circulación (Diluidas) | $15.4M | $15.4M | $15.6M | $16.3M | $16.4M | $16.4M | $16.4M | $16.2M | $16.2M | $16.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $169.5M | $168.3M | $188.5M | $81.0M |
| Beneficio Bruto | $137.6M | $140.5M | $156.8M | $49.3M |
| Beneficio Operativo | $58.1M | $52.7M | $51.7M | -$51.7M |
| EBITDA | $60.9M | $55.3M | $54.5M | -$51.7M |
| Beneficio Neto | $47.2M | $42.6M | $41.7M | $58.8M |
| BPA | $2.94 | $2.65 | $2.40 | $3.26 |
| BPA Diluido | $2.91 | $2.63 | $2.39 | $3.25 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $146.4M | $169.1M | $167.2M | $160.0M | $370.5M | $219.2M | $189.7M | $218.3M | $160.6M | $137.2M |
| Inversiones a Corto | $1.26B | $1.09B | $1.00B | $1.21B | $1.06B | $1.75B | $1.73B | $1.33B | $996.6M | 0 |
| Cuentas por Cobrar | $22.1M | $25.2M | $25.2M | $54.3M | $49.4M | $43.9M | $54.3M | $63.3M | $66.1M | $34.6M |
| Inventario | -$3.2M | -$3.0M | -$2.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.43B | $1.29B | $1.20B | $1.53B | $1.58B | $2.16B | $2.13B | $1.78B | $1.41B | $171.9M |
| Inmovilizado Material | $58.0M | $55.9M | $59.8M | $87.0M | $107.6M | $104.9M | $101.0M | $92.2M | $86.9M | $61.6M |
| Fondo de Comercio | $72.3M | $72.3M | $112.7M | $159.6M | $159.6M | $159.6M | $159.6M | $159.6M | $159.6M | $159.6M |
| Activos Intangibles | $9.3M | $9.7M | $17.1M | $21.6M | $21.5M | $22.7M | $21.8M | $19.3M | $17.4M | $2.4M |
| Activos Totales | $7.47B | $7.54B | $7.80B | $8.56B | $9.28B | $9.56B | $9.85B | $9.84B | $9.81B | $9.81B |
| Cuentas por Pagar | $2.2M | $2.3M | $2.6M | $2.9M | $3.9M | $3.1M | $3.5M | $6.9M | $7.9M | 0 |
| Deuda a Corto | $185.0M | $541.3M | $322.0M | $230.7M | $342.2M | $238.8M | $227.3M | $220.0M | $90.4M | $84.3M |
| Pasivos Corrientes | 0 | 0 | 0 | $7.29B | $7.92B | $8.15B | $8.47B | $3.52B | $8.24B | $84.3M |
| Deuda a Largo | $395.0M | $365.0M | $315.0M | $207.5M | $220.3M | $188.2M | $188.7M | $189.1M | $189.7M | 0 |
| Pasivos Totales | $6.73B | $6.78B | $6.97B | $7.59B | $8.24B | $8.45B | $8.79B | $8.69B | $8.56B | $8.45B |
| Reservas | $535.6M | $561.9M | $614.1M | $646.8M | $704.8M | $776.3M | $847.2M | $903.9M | $977.6M | $1.07B |
| Patrimonio Neto | $742.2M | $756.1M | $832.5M | $969.0M | $1.04B | $1.11B | $1.07B | $1.15B | $1.24B | $1.35B |
| Deuda Total | $1.13B | $906.3M | $637.0M | $452.6M | $578.6M | $441.3M | $435.3M | $425.8M | $296.6M | $98.8M |
| Deuda Neta | -$270.5M | -$356.6M | -$533.7M | -$917.0M | -$851.3M | -$1.53B | -$1.49B | -$1.13B | -$860.6M | -$38.5M |
| Capital Circulante | $1.43B | $1.29B | $1.20B | -$5.76B | -$6.34B | -$5.99B | -$6.33B | -$1.74B | -$6.83B | $87.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $218.9M | $137.2M | $152.3M | $144.5M |
| Activos Totales | $9.86B | $9.81B | $12.98B | $12.68B |
| Pasivos Totales | $8.53B | $8.45B | $11.28B | $10.95B |
| Patrimonio Neto | $1.33B | $1.35B | $1.70B | $1.72B |
| Deuda Total | $95.4M | $98.8M | $169.1M | $155.9M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $86.1M | $84.2M | $110.4M | $102.7M | $127.9M | $153.9M | $148.4M | $126.7M | $151.4M | $180.1M |
| Amortizaciones | $8.4M | $8.6M | $8.6M | $9.1M | $10.8M | $13.3M | $13.8M | $14.0M | $12.2M | $11.2M |
| Compensación en Acciones | $2.8M | $3.9M | $5.1M | $6.3M | $7.3M | $8.0M | $7.2M | $8.0M | $7.7M | $8.6M |
| Cambio en Capital Circulante | -$16.1M | -$17.2M | $13.0M | $3.4M | -$6.0M | $2.1M | -$18.7M | -$4.8M | $11.5M | -$3.2M |
| Flujo de Caja Operativo | $87.9M | $88.0M | $132.9M | $111.6M | $111.6M | $157.3M | $134.9M | $150.5M | $178.8M | $198.3M |
| Inversiones (CapEx) | -$7.5M | -$7.0M | -$11.5M | -$14.9M | -$28.6M | -$14.1M | -$7.9M | -$7.6M | -$9.2M | -$6.4M |
| Adquisiciones | -$199.5M | -$119.3M | $12.3M | -$4.8M | -$615.8M | $315.9M | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | -$7.4M | -$5.8M | -$40.5M | -$7.5M | -$16.0M | -$2.8M | -$23.0M | 0 | -$20.1M |
| Dividendos Pagados | -$57.7M | -$57.5M | -$63.0M | -$69.1M | -$70.4M | -$74.3M | -$76.6M | -$69.0M | -$77.5M | -$89.9M |
| Flujo de Caja Libre | $80.4M | $81.0M | $121.4M | $96.7M | $83.0M | $143.2M | $126.9M | $142.9M | $169.7M | $191.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $52.6M | $58.2M | $30.9M | $57.2M |
| Inversiones (CapEx) | -$1.5M | -$2.5M | -$4.3M | -$6.7M |
| Flujo de Caja Libre | $51.1M | $55.7M | $26.6M | $50.5M |
| Dividendos Pagados | -$17.2M | -$37.3M | -$20.1M | -$20.5M |
| Compensación en Acciones | $1.8M | $3.1M | $2.2M | $2.3M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +14.0% | +10.5% | +11.1% | +5.6% | -1.6% | +8.1% | +9.7% | +14.4% | +2.9% |
| Crecimiento Beneficio Neto (anual) | | -2.2% | +31.0% | -7.0% | +24.6% | +20.3% | -3.6% | -14.6% | +19.5% | +18.9% |
| Crecimiento BPA (anual) | | -2.0% | +29.4% | -11.2% | +24.0% | +20.4% | -3.4% | -14.1% | +19.6% | +19.2% |
| Cambio en Acciones (anual) | | -0.1% | +1.4% | +4.6% | +0.5% | +0.1% | -0.4% | -0.7% | -0.0% | -0.4% |
| Crecimiento FCF (anual) | | +0.7% | +49.9% | -20.3% | -14.2% | +72.5% | -11.4% | +12.6% | +18.7% | +13.1% |
| Margen Bruto | 100.0% | 86.3% | 87.4% | 84.9% | 91.3% | 99.2% | 93.0% | 82.0% | 78.4% | 82.1% |
| Margen Operativo | 45.7% | 31.8% | 31.9% | 27.3% | 32.0% | 39.6% | 35.1% | 27.2% | 28.6% | 33.3% |
| Margen EBITDA | 40.1% | 34.1% | 34.0% | 29.3% | 34.2% | 42.4% | 37.8% | 29.7% | 30.5% | 34.6% |
| Margen Neto | 26.3% | 22.6% | 26.8% | 22.4% | 26.5% | 32.4% | 28.9% | 22.5% | 23.5% | 27.1% |
| Margen FCF | 24.6% | 21.7% | 29.5% | 21.1% | 17.2% | 30.1% | 24.7% | 25.3% | 26.3% | 28.9% |
| Tasa Impositiva Efectiva | 29.9% | 28.9% | 15.9% | 17.7% | 17.3% | 18.2% | 17.8% | 17.5% | 18.0% | 18.6% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $5.22 | $5.26 | $7.78 | $5.92 | $5.06 | $8.72 | $7.76 | $8.79 | $10.44 | $11.86 |
| Dividendo por Acción | $3.74 | $3.74 | $4.04 | $4.23 | $4.29 | $4.52 | $4.68 | $4.24 | $4.77 | $5.56 |
| Acciones en Circulación (Básicas) | $15.3M | $15.3M | $15.5M | $16.2M | $16.3M | $16.3M | $16.2M | $16.2M | $16.1M | $16.1M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 21.29 | 18.87 | 11.91 | 16.17 | 13.38 | 14.53 | 15.42 | 16.88 | 18.28 | 13.61 |
| P/VC | 2.47 | 2.10 | 1.58 | 1.72 | 1.65 | 2.01 | 2.14 | 1.87 | 2.23 | 1.81 |
| P/V | 5.61 | 4.27 | 3.19 | 3.63 | 3.54 | 4.70 | 4.45 | 3.79 | 4.29 | 3.68 |
| Margen Bruto | 100.0% | 86.3% | 87.4% | 84.9% | 91.3% | 99.2% | 93.0% | 82.0% | 78.4% | 82.1% |
| Margen Operativo | 45.7% | 31.8% | 31.9% | 27.3% | 32.0% | 39.6% | 35.1% | 27.2% | 28.6% | 33.3% |
| Margen Neto | 26.3% | 22.6% | 26.8% | 22.4% | 26.5% | 32.4% | 28.9% | 22.5% | 23.5% | 27.1% |