Estados financieros detallados de SLR Investment Corp. (SLRC): 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
SLR Investment Corp. registró ingresos de $220.1M en el último ejercicio fiscal, con un CAGR de 5 años del 34.1%. El beneficio neto alcanzó $92.5M, con un CAGR a 5 años del 43.0%.
Márgenes de los últimos 12 meses: margen bruto 66.0%, margen operativo 59.9%, margen neto 41.3%.
Al precio actual de $12.03, SLRC cotiza a un P/E de 8.81 y un ROE del 7.45%. La capitalización bursátil es de $656M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $141.7M | $103.7M | $101.0M | $95.2M | $50.8M | $99.4M | $74.4M | $159.1M | $176.4M | $220.1M |
| Coste de Ventas | $24.6M | $21.7M | $24.7M | $28.9M | $27.2M | $29.9M | $46.1M | $72.5M | $71.5M | $58.7M |
| Beneficio Bruto | $117.1M | $82.1M | $76.3M | $66.3M | $23.6M | $69.5M | $28.3M | $86.5M | $105.0M | $161.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $10.3M | $8.8M | $9.4M | $8.5M | $8.2M | $10.0M | $11.5M | $10.7M | $9.4M | $5.0M |
| Gastos Operativos | $10.3M | $11.6M | $9.4M | $10.3M | $8.2M | $10.0M | $10.0M | $10.2M | $9.2M | $1.0M |
| Beneficio Operativo | $106.8M | $70.4M | $66.9M | $56.0M | $15.5M | $59.6M | $18.3M | $76.4M | $95.8M | $160.4M |
| EBITDA | $106.8M | $70.4M | $66.9M | $56.0M | $15.5M | $59.6M | $18.3M | $76.4M | $95.8M | $163.6M |
| Gastos por Intereses | $24.6M | $21.7M | $24.7M | $28.9M | $27.2M | $29.9M | $46.1M | $72.5M | $71.5M | $67.9M |
| Beneficio Antes de Impuestos | $106.8M | $70.4M | $66.9M | $56.0M | $15.5M | $59.6M | $18.3M | $76.4M | $95.8M | $92.5M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | $106.8M | $70.4M | $66.9M | $56.0M | $15.5M | $59.6M | $18.3M | $76.4M | $95.8M | $92.5M |
| BPA | $2.53 | $1.67 | $1.58 | $1.33 | $0.37 | $1.41 | $0.35 | $1.40 | $1.76 | $1.70 |
| BPA Diluido | $2.53 | $1.67 | $1.58 | $1.33 | $0.37 | $1.41 | $0.35 | $1.40 | $1.76 | $1.70 |
| Acciones en Circulación (Diluidas) | $42.3M | $42.3M | $42.3M | $42.3M | $42.3M | $42.3M | $51.7M | $54.6M | $54.4M | $54.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $45.3M | $44.6M | $49.3M | $39.3M |
| Beneficio Bruto | $26.6M | $27.9M | $35.6M | $27.7M |
| Beneficio Operativo | $23.3M | $25.1M | $33.5M | $25.0M |
| EBITDA | $23.3M | $25.1M | $33.5M | $25.0M |
| Beneficio Neto | $23.3M | $25.1M | $17.1M | $8.3M |
| BPA | $0.43 | $0.46 | $0.31 | $0.15 |
| BPA Diluido | $0.43 | $0.46 | $0.31 | $0.15 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $312.0M | $150.8M | $207.2M | $436.4M | $388.8M | $322.9M | $428.3M | $344.2M | $414.3M | $15.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $8.1M | $28.6M | $19.4M | $18.1M | $14.7M | $16.9M | $22.0M | $24.3M | $28.9M | $11.9M |
| Inventario | -$1.98B | -$1.66B | -$1.68B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $10.2M | $158.4M | $226.6M | $455.1M | $404.0M | $340.4M | $451.0M | $369.1M | $443.8M | $27.6M |
| 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 | $1.65B | $1.64B | $1.68B | $1.95B | $1.94B | $2.01B | $2.54B | $2.52B | $2.45B | $2.57B |
| Cuentas por Pagar | $329.0M | $164.5M | $273.4M | $440.7M | $400.8M | $341.9M | $433.0M | $339.8M | $405.3M | 0 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $88.1M |
| Pasivos Corrientes | $272.1M | $293.9M | $273.6M | $440.7M | $400.8M | $341.9M | $433.0M | $339.8M | $405.3M | $88.1M |
| Deuda a Largo | $312.3M | $539.5M | 0 | $587.1M | $671.5M | $812.0M | $1.09B | $1.18B | $1.03B | $1.06B |
| Pasivos Totales | $732.0M | $720.0M | $764.3M | $1.04B | $1.08B | $1.17B | $1.54B | $1.54B | $1.46B | $1.58B |
| Reservas | -$11.8M | -$13.3M | -$73.7M | -$83.3M | -$110.9M | -$95.1M | -$163.4M | -$131.8M | -$125.2M | -$119.6M |
| Patrimonio Neto | $918.5M | $921.6M | $919.2M | $905.9M | $852.0M | $842.3M | $999.7M | $986.6M | $992.9M | $996.0M |
| Deuda Total | $387.3M | $539.5M | $473.5M | $587.1M | $671.5M | $812.0M | $1.09B | $1.18B | $1.03B | $1.15B |
| Deuda Neta | $75.3M | $388.7M | $266.3M | $150.8M | $282.7M | $489.1M | $657.7M | $833.6M | $617.4M | $1.13B |
| Capital Circulante | -$261.9M | -$135.5M | -$47.1M | $14.4M | $3.2M | -$1.4M | $18.0M | $29.3M | $38.4M | -$60.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $394.5M | $15.7M | $11.2M | $422.5M |
| Activos Totales | $2.53B | $2.57B | $2.54B | $2.56B |
| Pasivos Totales | $1.54B | $1.58B | $1.55B | $1.58B |
| Patrimonio Neto | $993.3M | $996.0M | $990.8M | $982.1M |
| Deuda Total | $1.14B | $1.15B | $1.14B | $1.15B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $106.8M | $70.4M | $66.9M | $56.0M | $15.5M | $59.6M | $18.3M | $76.4M | $95.8M | $92.5M |
| 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 | $33.5M | -$160.1M | $119.1M | $167.6M | -$40.9M | -$56.0M | $102.2M | -$97.9M | $56.2M | -$56.7M |
| Flujo de Caja Operativo | $148.2M | -$246.1M | $191.0M | $186.7M | -$62.6M | -$135.1M | $91.1M | -$3.7M | $156.1M | -$72.0M |
| 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 | -$3.4M | 0 | 0 | 0 | 0 | 0 | -$3.0M | -$10000 | 0 | 0 |
| Dividendos Pagados | -$67.7M | -$67.3M | -$68.7M | -$69.3M | -$69.3M | -$69.3M | -$94.5M | -$97.0M | -$89.5M | -$89.5M |
| Flujo de Caja Libre | $148.2M | -$246.1M | $191.0M | $186.7M | -$62.6M | -$135.1M | $91.1M | -$3.7M | $156.1M | -$72.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $79.0M | -$14.3M | $48.5M | $17.1M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $79.0M | -$14.3M | $48.5M | $17.1M |
| Dividendos Pagados | -$22.4M | -$22.4M | -$22.4M | -$16.9M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -26.8% | -2.6% | -5.7% | -46.7% | +95.8% | -25.2% | +113.8% | +10.9% | +24.8% |
| Crecimiento Beneficio Neto (anual) | | -34.1% | -5.0% | -16.2% | -72.4% | +285.5% | -69.2% | +316.5% | +25.4% | -3.4% |
| Crecimiento BPA (anual) | | -34.0% | -5.4% | -15.8% | -72.2% | +281.1% | -75.2% | +300.0% | +25.7% | -3.4% |
| Cambio en Acciones (anual) | | -0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +22.3% | +5.6% | -0.3% | +0.3% |
| Crecimiento FCF (anual) | | -266.1% | +177.6% | -2.3% | -133.5% | -115.8% | +167.4% | -104.1% | +4312.9% | -146.1% |
| Margen Bruto | 82.7% | 79.1% | 75.5% | 69.7% | 46.5% | 69.9% | 38.1% | 54.4% | 59.5% | 73.3% |
| Margen Operativo | 75.4% | 67.9% | 66.2% | 58.8% | 30.4% | 59.9% | 24.7% | 48.0% | 54.3% | 72.9% |
| Margen EBITDA | 75.4% | 67.9% | 66.2% | 58.8% | 30.4% | 59.9% | 24.7% | 48.0% | 54.3% | 74.3% |
| Margen Neto | 75.4% | 67.9% | 66.2% | 58.8% | 30.4% | 59.9% | 24.7% | 48.0% | 54.3% | 42.0% |
| Margen FCF | 104.6% | -237.3% | 189.1% | 196.0% | -123.3% | -135.9% | 122.4% | -2.3% | 88.5% | -32.7% |
| 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 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $3.51 | $-5.82 | $4.52 | $4.42 | $-1.48 | $-3.20 | $1.76 | $-0.07 | $2.87 | $-1.32 |
| Dividendo por Acción | $1.60 | $1.59 | $1.62 | $1.64 | $1.64 | $1.64 | $1.83 | $1.78 | $1.64 | $1.64 |
| Acciones en Circulación (Básicas) | $42.3M | $42.3M | $42.3M | $42.3M | $42.3M | $42.3M | $51.7M | $54.6M | $54.4M | $54.6M |
Qué mirar en Servicios Financieros
Asset managers, brokers, fintech, bolsas. No son bancos — mira AUM, comisiones y calidad del FCF.
- 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 | 7.45% |
| Rentabilidad sobre capital invertido | 4.18% |
| Rentabilidad sobre activos | 2.88% |
| Margen bruto | 66.03% |
| Margen operativo | 59.91% |
| Margen neto | 41.33% |
Salud financiera
| Deuda / Patrimonio | 1.17 |
| Ratio corriente | 6.05 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 8.23 | 12.10 | 12.15 | 15.50 | 47.32 | 13.07 | 39.74 | 10.74 | 9.18 | 9.09 |
| P/VC | 0.96 | 0.93 | 0.88 | 0.96 | 0.87 | 0.92 | 0.72 | 0.83 | 0.89 | 0.85 |
| P/V | 6.21 | 8.23 | 8.03 | 9.15 | 14.58 | 7.84 | 9.66 | 5.16 | 4.98 | 3.83 |
| Margen Bruto | 82.7% | 79.1% | 75.5% | 69.7% | 46.5% | 69.9% | 38.1% | 54.4% | 59.5% | 73.3% |
| Margen Operativo | 75.4% | 67.9% | 66.2% | 58.8% | 30.4% | 59.9% | 24.7% | 48.0% | 54.3% | 72.9% |
| Margen Neto | 75.4% | 67.9% | 66.2% | 58.8% | 30.4% | 59.9% | 24.7% | 48.0% | 54.3% | 42.0% |