Estados financieros detallados de Prospect Capital Corporation (PSEC): 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
Prospect Capital Corporation registró ingresos de $639.5M en el último ejercicio fiscal, con un CAGR de 5 años del -11.0%. El beneficio neto alcanzó $153.7M, con un CAGR a 5 años del -30.7%.
Márgenes de los últimos 12 meses: margen bruto 79.7%, margen operativo 51.0%, margen neto 24.0%. El flujo de caja libre creció a un CAGR del 75.5% en 5 años.
Al precio actual de $2.20, PSEC cotiza a un P/E de 38.51 y un ROE del 4.09%. La capitalización bursátil es de $1.1B.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $455.5M | $488.7M | $343.8M | $167.3M | $1.15B | $739.9M | $87.3M | $467.4M | -$276.8M | $639.5M |
| Coste de Ventas | $143.1M | $155.0M | $157.2M | $148.4M | $130.6M | $117.4M | $148.2M | $146.4M | $130.1M | $129.9M |
| Beneficio Bruto | $312.4M | $333.7M | $186.6M | $19.0M | $1.02B | $622.5M | -$60.9M | $320.9M | -$406.9M | $509.6M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $31.8M | $26.2M | $33.6M | $32.5M | $29.8M | $29.7M | $40.6M | $44.0M | $45.8M | $183.2M |
| Gastos Operativos | $59.5M | $33.8M | $42.1M | $35.2M | $53.3M | $39.9M | $40.7M | $58.1M | $63.0M | $183.2M |
| Beneficio Operativo | $252.9M | $299.9M | $144.5M | -$16.2M | $963.8M | $582.6M | -$101.6M | $262.8M | -$469.9M | $326.4M |
| EBITDA | $252.9M | $299.9M | $144.5M | -$16.2M | $963.8M | $582.6M | -$101.6M | $262.8M | -$469.9M | $283.5M |
| Gastos por Intereses | $143.1M | $155.0M | $157.2M | $148.4M | $130.6M | $117.4M | $148.2M | $146.4M | $130.1M | $129.9M |
| Beneficio Antes de Impuestos | $252.9M | $299.9M | $144.5M | -$16.2M | $963.8M | $582.6M | -$101.6M | $262.8M | -$469.9M | $153.7M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | $252.9M | $299.9M | $144.5M | -$16.2M | $963.8M | $582.6M | -$101.6M | $262.8M | -$469.9M | $153.7M |
| BPA | $0.70 | $0.83 | $0.39 | $-0.04 | $2.51 | $1.43 | $-0.43 | $0.36 | $-1.35 | $0.06 |
| BPA Diluido | $0.70 | $0.83 | $0.39 | $-0.04 | $2.50 | $1.34 | $-0.43 | $0.36 | $-1.35 | $0.06 |
| Acciones en Circulación (Diluidas) | $358.8M | $361.5M | $366.0M | $368.1M | $386.0M | $433.8M | $398.5M | $417.9M | $440.3M | $479.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $121.5M | $57.0M | $70.5M | $390.5M |
| Beneficio Bruto | $91.9M | $28.9M | $35.9M | $352.8M |
| Beneficio Operativo | $78.0M | $23.7M | $88.1M | $136.6M |
| EBITDA | $78.0M | $23.7M | $88.0M | $93.8M |
| Beneficio Neto | $78.0M | $23.7M | $56.5M | -$4.5M |
| BPA | $0.15 | $-0.01 | $0.12 | $-0.20 |
| BPA Diluido | $0.15 | $-0.01 | $0.12 | $-0.20 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $318.1M | $83.8M | $107.1M | $44.6M | $63.6M | $31.2M | $90.6M | $81.9M | $46.5M | $43.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $10.5M | $24.8M | $29.8M | $12.9M | $25.5M | 0 | 0 | 0 | 0 | 0 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $329.7M | $109.5M | $138.0M | $58.7M | $90.2M | $32.2M | $91.7M | $83.1M | $48.0M | $43.6M |
| Inmovilizado Material | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $6.17B | $5.84B | $5.80B | $5.30B | $6.30B | $7.66B | $7.86B | $7.86B | $6.80B | $6.45B |
| Cuentas por Pagar | $68.6M | $55.6M | $56.1M | $51.5M | $50.7M | $50.3M | $53.7M | $47.1M | $44.0M | $32.2M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $378.9M |
| Pasivos Corrientes | $68.6M | $55.6M | $56.1M | $51.5M | $50.7M | $110.7M | $119.7M | $121.4M | $94.0M | $378.9M |
| Deuda a Largo | $2.64B | $2.31B | $2.38B | $2.14B | $2.23B | $2.74B | $2.58B | $2.43B | $2.09B | $1.48B |
| Pasivos Totales | $2.82B | $2.43B | $2.49B | $2.24B | $2.36B | $3.54B | $4.13B | $4.15B | $3.82B | $1.95B |
| Reservas | -$54.0M | -$614.9M | -$734.0M | -$930.9M | -$210.6M | $68.4M | -$352.9M | -$436.3M | -$1.25B | -$1.39B |
| Patrimonio Neto | $3.35B | $3.41B | $3.31B | $3.06B | $3.95B | $4.12B | $3.73B | $3.71B | $2.99B | $4.50B |
| Deuda Total | $2.64B | $2.31B | $2.38B | $2.14B | $2.23B | $2.74B | $2.58B | $2.43B | $2.09B | $1.86B |
| Deuda Neta | $2.32B | $2.23B | $2.28B | $2.09B | $2.17B | $2.71B | $2.49B | $2.35B | $2.04B | $1.82B |
| Capital Circulante | $261.1M | $53.9M | $81.8M | $7.2M | $39.5M | -$78.5M | -$28.0M | -$38.4M | -$46.0M | -$335.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $83.1M | $34.5M | $34.6M | $43.6M |
| Activos Totales | $6.64B | $6.53B | $6.38B | $6.45B |
| Pasivos Totales | $3.64B | $3.58B | $1.82B | $1.95B |
| Patrimonio Neto | $3.00B | $2.96B | $4.57B | $4.50B |
| Deuda Total | $1.92B | $1.85B | $1.73B | $1.86B |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $252.9M | $299.9M | $144.5M | -$16.2M | $963.8M | $582.6M | -$101.6M | $262.8M | -$469.9M | $153.7M |
| Amortizaciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | $43.6M | -$61.7M | -$14.4M | $12.1M | $4.6M | $1.8M | -$7.0M | -$132000 | -$62.1M | $24.6M |
| Flujo de Caja Operativo | $376.2M | $369.1M | $223.8M | $429.4M | $31.0M | -$795.3M | -$220.8M | $280.0M | $523.2M | $516.3M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$580000 | -$11.3M | -$2.2M | 0 |
| Dividendos Pagados | -$333.6M | -$255.9M | -$245.1M | -$240.0M | -$195.6M | -$270.3M | -$299.1M | -$360.3M | -$332.4M | -$335.5M |
| Flujo de Caja Libre | $376.2M | $369.1M | $223.8M | $429.4M | $31.0M | -$795.3M | -$220.8M | $280.0M | $523.2M | $516.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $279.0M | $85.6M | $55.7M | -$43.9M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $279.0M | $85.6M | $55.7M | -$43.9M |
| Dividendos Pagados | -$89.0M | -$74.6M | -$91.9M | -$80.1M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +7.3% | -29.6% | -51.3% | +585.8% | -35.5% | -88.2% | +435.3% | -159.2% | +331.0% |
| Crecimiento Beneficio Neto (anual) | | +18.6% | -51.8% | -111.2% | +6040.6% | -39.6% | -117.4% | +358.6% | -278.8% | +132.7% |
| Crecimiento BPA (anual) | | +18.6% | -53.0% | -111.3% | +5791.6% | -43.0% | -130.1% | +183.7% | -475.0% | +104.4% |
| Cambio en Acciones (anual) | | +0.7% | +1.3% | +0.6% | +4.9% | +12.4% | -8.1% | +4.9% | +5.4% | +9.0% |
| Crecimiento FCF (anual) | | -1.9% | -39.4% | +91.9% | -92.8% | -2664.0% | +72.2% | +226.8% | +86.9% | -1.3% |
| Margen Bruto | 68.6% | 68.3% | 54.3% | 11.3% | 88.6% | 84.1% | -69.8% | 68.7% | 147.0% | 79.7% |
| Margen Operativo | 55.5% | 61.4% | 42.0% | -9.7% | 84.0% | 78.7% | -116.4% | 56.2% | 169.8% | 51.0% |
| Margen EBITDA | 55.5% | 61.4% | 42.0% | -9.7% | 84.0% | 78.7% | -116.4% | 56.2% | 169.8% | 44.3% |
| Margen Neto | 55.5% | 61.4% | 42.0% | -9.7% | 84.0% | 78.7% | -116.4% | 56.2% | 169.8% | 24.0% |
| Margen FCF | 82.6% | 75.5% | 65.1% | 256.6% | 2.7% | -107.5% | -253.0% | 59.9% | -189.0% | 80.7% |
| 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 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $1.05 | $1.02 | $0.61 | $1.17 | $0.08 | $-1.83 | $-0.55 | $0.67 | $1.19 | $1.08 |
| Dividendo por Acción | $0.93 | $0.71 | $0.67 | $0.65 | $0.51 | $0.62 | $0.75 | $0.86 | $0.75 | $0.70 |
| Acciones en Circulación (Básicas) | $358.8M | $361.5M | $366.0M | $368.1M | $382.7M | $390.6M | $398.5M | $417.9M | $440.3M | $479.9M |
Qué mirar en Servicios Financieros
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- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | 4.09% |
| Rentabilidad sobre capital invertido | 5.06% |
| Rentabilidad sobre activos | 2.38% |
| Margen bruto | 79.69% |
| Margen operativo | 51.04% |
| Margen neto | 24.03% |
Salud financiera
| Deuda / Patrimonio | 0.41 |
| Ratio corriente | 0.11 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 11.60 | 8.08 | 16.90 | -115.87 | 3.34 | 4.89 | -14.42 | 15.25 | -2.36 | 38.50 |
| P/VC | 0.87 | 0.71 | 0.73 | 0.62 | 0.81 | 0.66 | 0.66 | 0.62 | 0.47 | 0.25 |
| P/V | 6.40 | 4.96 | 7.01 | 11.24 | 2.80 | 3.69 | 28.30 | 4.91 | -5.06 | 1.73 |
| Margen Bruto | 68.6% | 68.3% | 54.3% | 11.3% | 88.6% | 84.1% | -69.8% | 68.7% | 147.0% | 79.7% |
| Margen Operativo | 55.5% | 61.4% | 42.0% | -9.7% | 84.0% | 78.7% | -116.4% | 56.2% | 169.8% | 51.0% |
| Margen Neto | 55.5% | 61.4% | 42.0% | -9.7% | 84.0% | 78.7% | -116.4% | 56.2% | 169.8% | 24.0% |