Estados financieros detallados de Sky Harbour Group Corp (SKYH): 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
Sky Harbour Group Corp registró ingresos de $27.5M en el último ejercicio fiscal, con un CAGR de 5 años del 109.3%.
Márgenes de los últimos 12 meses: margen bruto 14.8%, margen operativo -80.8%, margen neto 2.7%.
Al precio actual de $9.94, SKYH cotiza a un P/E de 249.91 y un ROE del 0.75%. La capitalización bursátil es de $761M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | $685596 | $1.6M | $1.8M | $7.6M | $14.8M | $27.5M |
| Coste de Ventas | 0 | $1.9M | $5.0M | $5.7M | $7.2M | $9.1M | $31.8M |
| Beneficio Bruto | 0 | -$1.3M | -$3.5M | -$3.9M | $407000 | $5.6M | -$4.2M |
| I+D | 0 | 0 | 0 | $248000 | 0 | 0 | 0 |
| Generales y Administrativos | $993505 | $837336 | $8.7M | $14.7M | $15.1M | $19.4M | $6.6M |
| Gastos Operativos | $1.6M | $837336 | $8.7M | $14.7M | $17.4M | $26.1M | $23.8M |
| Beneficio Operativo | -$1.6M | -$2.1M | -$12.2M | -$18.6M | -$17.0M | -$20.4M | -$28.0M |
| EBITDA | -$1.6M | -$2.0M | -$9.2M | -$11.0M | -$22.6M | -$50.3M | $14.7M |
| Gastos por Intereses | $198496 | $395698 | $1.2M | 0 | $541000 | $715000 | $1.4M |
| Beneficio Antes de Impuestos | -$1.8M | -$2.5M | -$13.6M | -$13.7M | -$25.4M | -$53.7M | $7.3M |
| Impuestos | $198496 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$2.0M | -$2.5M | -$13.6M | -$3.2M | -$16.2M | -$45.2M | $18.8M |
| BPA | $-0.14 | $-0.18 | $-0.91 | $-0.23 | $-0.98 | $-1.76 | $0.56 |
| BPA Diluido | $-0.14 | $-0.18 | $-0.91 | $-0.23 | $-0.98 | $-1.76 | $0.22 |
| Acciones en Circulación (Diluidas) | $13.6M | $17.0M | $15.0M | $14.0M | $16.5M | $25.7M | $34.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $7.3M | $8.1M | $8.7M | $9.9M |
| Beneficio Bruto | -$785000 | $7.1M | -$923000 | -$367000 |
| Beneficio Operativo | -$7.7M | -$6.0M | -$7.0M | -$6.8M |
| EBITDA | -$2.6M | $9.2M | -$5.7M | -$4.6M |
| Beneficio Neto | -$1.9M | $9.6M | -$5.6M | -$1.2M |
| BPA | $-0.06 | $0.29 | $-0.16 | $-0.04 |
| BPA Diluido | $-0.06 | $0.20 | $-0.16 | $-0.04 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.0M | $1.1M | $6.8M | $2.2M | $60.3M | $42.4M | $20.7M |
| Inversiones a Corto | 0 | 0 | 0 | $24.9M | $11.9M | 0 | 0 |
| Cuentas por Cobrar | 0 | 0 | $103000 | $83000 | $367000 | $8.6M | 0 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.0M | $140.2M | $204.4M | $70.7M | $164.5M | $127.2M | $48.5M |
| Inmovilizado Material | $20.0M | $48.3M | $96.8M | $145.2M | $223.5M | $147.8M | $527.8M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | $3.0M | $2.7M |
| Activos Totales | $28.3M | $140.2M | $303.9M | $331.2M | $402.2M | $556.6M | $593.2M |
| Cuentas por Pagar | 0 | $153928 | $901000 | $948000 | $2.7M | 0 | 0 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $2.8M | $4.9M | $11.0M | $14.2M | $18.8M | $22.6M | $32.1M |
| Deuda a Largo | $9.2M | $22.7M | $160.7M | $162.2M | $171.7M | $170.2M | $183.2M |
| Pasivos Totales | $32.3M | $22.9M | $232.9M | $232.8M | $270.0M | $396.7M | $421.2M |
| Reservas | 0 | -$21.4M | 0 | -$3.2M | -$19.4M | -$64.6M | -$45.8M |
| Patrimonio Neto | -$4.0M | $117.3M | $71.0M | $26.3M | $69.2M | $104.1M | $127.7M |
| Deuda Total | $29.5M | $57.5M | $222.0M | $215.7M | $241.2M | $323.0M | $373.6M |
| Deuda Neta | $28.5M | $56.4M | $215.2M | $188.7M | $169.0M | $280.5M | $352.9M |
| Capital Circulante | -$1.8M | $135.3M | $193.4M | $56.6M | $145.7M | $104.6M | $16.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $23.5M | $20.7M | $81.1M | $19.0M |
| Activos Totales | $558.0M | $593.2M | $764.5M | $822.9M |
| Pasivos Totales | $394.2M | $421.2M | $599.5M | $658.9M |
| Patrimonio Neto | $116.8M | $127.7M | $124.2M | $126.3M |
| Deuda Total | $345.7M | $373.6M | $555.9M | $608.1M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$1.8M | -$2.5M | -$13.6M | -$13.7M | -$16.2M | -$53.7M | $7.3M |
| Amortizaciones | 0 | $93462 | $1.0M | $695000 | $2.3M | $2.7M | $6.4M |
| Compensación en Acciones | 0 | 0 | $217000 | $1.2M | $2.3M | $3.9M | $5.8M |
| Cambio en Capital Circulante | -$83377 | $66283 | $3.0M | -$3.3M | -$466000 | -$799000 | $7.4M |
| Flujo de Caja Operativo | -$1.4M | -$1.0M | -$6.6M | -$27.5M | -$7.7M | -$9.1M | -$2.3M |
| Inversiones (CapEx) | -$4.1M | -$11.9M | -$16.0M | -$46.0M | -$56.1M | -$78.5M | -$84.2M |
| Adquisiciones | 0 | 0 | 0 | 0 | $1.8M | -$31.7M | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$5.5M | -$12.9M | -$22.6M | -$73.5M | -$63.9M | -$87.6M | -$86.5M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$906000 | $8.9M | -$3.9M | $485000 |
| Inversiones (CapEx) | -$20.5M | -$18.0M | -$32.1M | $32.1M |
| Flujo de Caja Libre | -$21.4M | -$9.1M | -$36.0M | $32.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.0M | 0 | 0 | $3.4M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | | +130.2% | +16.9% | +310.6% | +94.9% | +86.6% |
| Crecimiento Beneficio Neto (anual) | | -29.7% | -436.7% | +76.6% | -408.1% | -179.6% | +141.6% |
| Crecimiento BPA (anual) | | -28.6% | -405.6% | +74.7% | -326.1% | -79.6% | +131.8% |
| Cambio en Acciones (anual) | | +25.0% | -12.0% | -6.7% | +17.8% | +56.4% | +32.2% |
| Crecimiento FCF (anual) | | -137.0% | -74.7% | -224.9% | +13.0% | -37.2% | +1.3% |
| Margen Bruto | | -183.2% | -219.5% | -211.2% | 5.4% | 38.2% | -15.3% |
| Margen Operativo | | -305.3% | -773.1% | -1008.7% | -224.3% | -138.3% | -101.8% |
| Margen EBITDA | | -298.5% | -586.0% | -597.5% | -298.6% | -340.5% | 53.4% |
| Margen Neto | | -369.9% | -862.5% | -172.6% | -213.6% | -306.4% | 68.3% |
| Margen FCF | | -1887.2% | -1432.8% | -3981.5% | -843.2% | -593.8% | -314.1% |
| Tasa Impositiva Efectiva | -11.3% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | 0.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.40 | $-0.76 | $-1.51 | $-5.26 | $-3.88 | $-3.40 | $-2.54 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $13.6M | $17.0M | $15.0M | $14.0M | $16.5M | $25.7M | $33.8M |
Qué mirar en empresas de Real Estate
- FFO / Acción (Crecimiento positivo) — El 'EPS real' de un REIT — beneficio + depreciación.
- Cobertura del dividendo (FFO/div) (≥1,1x) — El FFO debe cubrir el dividendo con margen.
- Deuda Neta / EBITDA (≤6x) — Referencia NAREIT. Normaliza el apalancamiento por generación de caja.
- Deuda / Activos (40-60%) — REITs usan mucha deuda por diseño. >65% es frágil ante subidas de tipos.
- FFO Payout (proxy) (<80%) — Dividendos / Cash Flow operativo. REITs de calidad retienen >20% para crecer.
- P/FFO (15-20x) — El P/E equivalente para REITs. Rango típico saludable.
Rentabilidad
| Rentabilidad sobre capital | 0.75% |
| Rentabilidad sobre capital invertido | -3.52% |
| Rentabilidad sobre activos | 0.11% |
| Margen bruto | 14.77% |
| Margen operativo | -80.78% |
| Margen neto | 2.73% |
Salud financiera
| Deuda / Patrimonio | 4.81 |
| Ratio corriente | 5.13 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -71.96 | -56.22 | -11.18 | -11.57 | -9.86 | -6.78 | 16.02 |
| P/VC | -34.48 | 1.47 | 2.14 | 1.41 | 2.30 | 2.95 | 2.38 |
| P/V | 0.00 | 250.91 | 96.43 | 20.13 | 20.99 | 20.80 | 11.02 |
| Margen Bruto | 0.0% | -183.2% | -219.5% | -211.2% | 5.4% | 38.2% | -15.3% |
| Margen Operativo | 0.0% | -305.3% | -773.1% | -1008.7% | -224.3% | -138.3% | -101.8% |
| Margen Neto | 0.0% | -369.9% | -862.5% | -172.6% | -213.6% | -306.4% | 68.3% |