Demonstrações financeiras detalhadas de EZCORP, Inc. (EZPW): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
EZCORP, Inc. registou receitas de $1.27B no último exercício, com um CAGR de 5 anos de 9.1%.
Margens dos últimos 12 meses: margem bruta 57.9%, margem operacional 13.9%, margem líquida 10.0%. O fluxo de caixa livre cresceu a CAGR de 40.0% em 5 anos.
Ao preço atual de $30.74, EZPW negocia a um P/L de 12.28 e um ROE de 14.45%. A capitalização de mercado é de $1.8B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $730.5M | $748.0M | $812.2M | $847.2M | $822.8M | $729.6M | $886.2M | $1.05B | $1.16B | $1.27B |
| Custo da Receita | $302.3M | $312.4M | $330.6M | $352.8M | $373.6M | $280.1M | $358.1M | $439.2M | $479.3M | $528.2M |
| Lucro Bruto | $428.2M | $435.5M | $481.6M | $494.4M | $449.2M | $449.5M | $528.1M | $609.8M | $682.3M | $746.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $68.1M | $53.5M | $53.6M | $63.7M | $54.1M | $56.5M | $64.3M | $67.5M | $75.6M | $83.5M |
| Despesas Operacionais | $399.1M | $382.5M | $414.4M | $447.4M | $497.6M | $418.3M | $453.2M | $517.7M | $569.7M | $596.9M |
| Lucro Operacional | $29.2M | $53.0M | $67.1M | $47.0M | -$48.4M | $31.2M | $74.9M | $92.2M | $112.5M | $149.2M |
| EBITDA | $45.5M | $94.1M | $108.9M | $65.6M | $28.9M | $117.4M | $109.8M | $100.2M | $162.3M | $202.3M |
| Despesas com Juros | $16.5M | $27.8M | $27.8M | $32.6M | $22.5M | $22.2M | $10.0M | $16.5M | $13.6M | $23.0M |
| Lucro Antes de Impostos | $363000 | $42.7M | $55.5M | $4.2M | -$70.1M | $16.1M | $67.7M | $51.6M | $115.6M | $146.8M |
| Imposto | $9.4M | $11.1M | $18.4M | $2.4M | -$1.6M | $7.5M | $17.6M | $13.2M | $32.5M | $37.2M |
| Lucro Líquido | -$80.7M | $31.4M | $37.3M | $2.5M | -$68.5M | $8.6M | $50.2M | $38.5M | $83.1M | $109.6M |
| LPA | $-1.48 | $0.62 | $0.72 | $0.03 | $-1.24 | $0.15 | $0.89 | $0.77 | $1.69 | $1.91 |
| LPA Diluído | $-1.48 | $0.62 | $0.67 | $0.03 | $-1.24 | $0.15 | $0.70 | $0.53 | $1.10 | $1.42 |
| Ações em Circulação (Diluídas) | $54.4M | $54.4M | $57.9M | $56.0M | $55.3M | $55.9M | $82.4M | $80.9M | $84.4M | $83.4M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $336.8M | $382.0M | $446.9M | $418.7M |
| Lucro Bruto | $198.6M | $223.0M | $250.4M | $246.2M |
| Lucro Operacional | $37.0M | $60.6M | $67.8M | $54.8M |
| EBITDA | $52.6M | $69.5M | $83.4M | $70.0M |
| Lucro Líquido | $26.7M | $44.3M | $49.1M | $38.2M |
| LPA | $0.44 | $0.72 | $0.80 | $0.62 |
| LPA Diluído | $0.34 | $0.55 | $0.59 | $0.48 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $65.7M | $164.4M | $285.3M | $157.6M | $304.5M | $253.7M | $206.0M | $220.6M | $170.5M | $469.5M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $260.9M | $252.9M | $284.9M | $259.2M | $174.2M | $230.9M | $269.8M | $320.2M | $353.9M | $398.0M |
| Estoque | $140.2M | $154.4M | $167.0M | $179.4M | $95.9M | $111.0M | $151.6M | $166.5M | $191.9M | $248.5M |
| Ativos Circulantes | $482.1M | $581.0M | $749.4M | $605.8M | $593.2M | $610.9M | $644.2M | $719.7M | $729.0M | $1.13B |
| Imobilizado | $58.5M | $58.0M | $73.6M | $67.4M | $240.8M | $254.8M | $278.1M | $302.5M | $292.6M | $311.8M |
| Ágio | $254.0M | $254.8M | $299.2M | $300.5M | $257.6M | $285.8M | $286.8M | $302.4M | $306.5M | $324.9M |
| Ativos Intangíveis | $30.7M | $32.4M | $54.9M | $68.0M | $58.6M | $62.1M | $56.8M | $58.2M | $58.5M | $58.8M |
| Ativos Totais | $983.2M | $1.02B | $1.24B | $1.08B | $1.20B | $1.27B | $1.35B | $1.47B | $1.49B | $1.95B |
| Contas a Pagar | $22.0M | $13.1M | $10.5M | $25.9M | $19.1M | $22.5M | $24.1M | $23.0M | $20.9M | $22.9M |
| Dívida de Curto Prazo | 0 | 0 | $190.2M | $214000 | $213000 | 0 | 0 | $34.3M | $103.1M | 0 |
| Passivos Circulantes | $95.0M | $72.6M | $260.0M | $91.1M | $132.5M | $155.1M | $152.9M | $192.0M | $269.4M | $200.6M |
| Dívida de Longo Prazo | $283.6M | $284.8M | $226.7M | $238.4M | $251.0M | $264.2M | $312.9M | $325.8M | $224.3M | $518.1M |
| Passivos Totais | $389.0M | $364.4M | $502.4M | $338.8M | $547.9M | $594.7M | $655.6M | $721.9M | $688.7M | $925.7M |
| Reservas | $319.8M | $351.7M | $386.6M | $389.2M | $318.2M | $326.8M | $402.0M | $431.1M | $507.2M | $612.7M |
| Patrimônio Líquido | $595.0M | $662.4M | $742.7M | $744.9M | $649.1M | $672.2M | $692.2M | $745.8M | $804.6M | $1.03B |
| Dívida Total | $283.6M | $284.8M | $416.9M | $238.6M | $454.0M | $477.8M | $546.0M | $610.5M | $566.9M | $764.0M |
| Dívida Líquida | $217.9M | $120.4M | $131.6M | $81.0M | $149.5M | $224.1M | $340.0M | $389.9M | $396.4M | $294.5M |
| Capital de Giro | $387.2M | $508.4M | $489.4M | $514.7M | $460.8M | $455.8M | $491.3M | $527.7M | $459.6M | $925.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $469.5M | $465.9M | $354.2M | $311.0M |
| Ativos Totais | $1.95B | $1.99B | $2.13B | $2.17B |
| Passivos Totais | $925.7M | $916.8M | $984.8M | $998.5M |
| Patrimônio Líquido | $1.03B | $1.07B | $1.12B | $1.16B |
| Dívida Total | $764.0M | $765.5M | $799.0M | $810.7M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$88.4M | $29.8M | $36.3M | $1.3M | -$68.5M | $8.6M | $50.2M | $38.5M | $83.1M | $109.6M |
| Depreciação e Amortização | $28.7M | $23.7M | $25.5M | $28.8M | $76.5M | $79.2M | $32.1M | $89.1M | $33.1M | $32.5M |
| Compensação em Ações | $5.3M | $5.9M | $10.8M | $9.8M | -$5.1M | $3.9M | $5.1M | $9.5M | $10.4M | $12.5M |
| Variação Capital de Giro | $3.6M | -$22.9M | -$8.7M | $17.5M | -$16.6M | -$50.4M | -$81.2M | -$58.1M | -$71.3M | -$57.2M |
| Fluxo de Caixa Operacional | $68.1M | $50.7M | $89.0M | $103.5M | $49.1M | $46.4M | $66.5M | $101.8M | $113.6M | $149.0M |
| CapEx | -$13.3M | -$25.0M | -$40.5M | -$38.8M | -$28.5M | -$23.6M | -$31.9M | -$40.4M | -$35.8M | -$38.6M |
| Aquisições | $29.3M | -$2.2M | -$107.2M | -$8.1M | 0 | -$19.0M | -$8.8M | -$17.0M | -$13.2M | -$21.5M |
| Recompra de Ações | -$11.8M | 0 | 0 | 0 | -$5.2M | -$839000 | -$2.0M | -$17.0M | -$12.0M | -$7.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $54.9M | $25.7M | $48.5M | $64.7M | $20.6M | $22.8M | $34.6M | $61.4M | $77.8M | $110.4M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $51.3M | $39.1M | $48.5M | $44.9M |
| CapEx | -$15.5M | -$7.5M | -$10.5M | -$9.9M |
| Fluxo de Caixa Livre | $35.7M | $31.7M | $38.0M | $35.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $3.3M | $3.4M | 0 | $9.2M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +2.4% | +8.6% | +4.3% | -2.9% | -11.3% | +21.5% | +18.4% | +10.7% | +9.7% |
| Crescimento Lucro Líquido (anual) | | +138.9% | +18.7% | -93.2% | -2794.3% | +112.6% | +482.4% | -23.3% | +116.0% | +31.9% |
| Crescimento LPA (anual) | | +141.9% | +16.1% | -95.6% | -3987.1% | +112.1% | +493.3% | -13.5% | +119.5% | +13.0% |
| Variação de Ações (anual) | | -0.1% | +6.5% | -3.3% | -1.2% | +1.1% | +47.3% | -1.9% | +4.4% | -1.3% |
| Crescimento FCF (anual) | | -53.2% | +89.0% | +33.3% | -68.2% | +11.1% | +51.7% | +77.2% | +26.8% | +41.9% |
| Margem Bruta | 58.6% | 58.2% | 59.3% | 58.4% | 54.6% | 61.6% | 59.6% | 58.1% | 58.7% | 58.5% |
| Margem Operacional | 4.0% | 7.1% | 8.3% | 5.5% | -5.9% | 4.3% | 8.5% | 8.8% | 9.7% | 11.7% |
| Margem EBITDA | 6.2% | 12.6% | 13.4% | 7.7% | 3.5% | 16.1% | 12.4% | 9.6% | 14.0% | 15.9% |
| Margem Líquida | -11.1% | 4.2% | 4.6% | 0.3% | -8.3% | 1.2% | 5.7% | 3.7% | 7.2% | 8.6% |
| Margem FCF | 7.5% | 3.4% | 6.0% | 7.6% | 2.5% | 3.1% | 3.9% | 5.9% | 6.7% | 8.7% |
| Taxa Efetiva de Imposto | 2578.8% | 26.0% | 33.1% | 57.6% | 2.3% | 46.4% | 25.9% | 25.5% | 28.1% | 25.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.01 | $0.47 | $0.84 | $1.16 | $0.37 | $0.41 | $0.42 | $0.76 | $0.92 | $1.32 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $54.4M | $54.3M | $54.5M | $55.3M | $55.3M | $55.7M | $56.5M | $55.6M | $54.9M | $57.5M |
O que olhar em Serviços Financeiros
Asset managers, brokers, fintech, bolsas. Não são bancos — olha AUM, comissões e qualidade do FCF.
- Crescimento receita 5 anos — Sem crescimento, não há criação de valor a longo prazo
- Margem operacional — Bons asset managers têm margens >30% pela escalabilidade
- ROE — Serviços financeiros de qualidade têm ROE >15% consistente
- FCF / Net Income — Qualidade do lucro — >90% esperado em negócios leves em capital
- Dívida / Equity — Fintech e brokers com D/E alto são bombas-relógio em crise
- P/E vs próprio 5 anos — Asset managers têm múltiplos estáveis em intervalos conhecidas
- Dividend yield + buybacks — Estes negócios devolvem muito capital — olhar yield total (div + recompras)
Rentabilidade
| Retorno sobre patrimônio | 14.45% |
| Retorno sobre capital investido | 8.20% |
| Retorno sobre ativos | 7.31% |
| Margem bruta | 57.95% |
| Margem operacional | 13.90% |
| Margem líquida | 9.99% |
Saúde financeira
| Dívida / Patrimônio | 0.70 |
| Liquidez corrente | 4.81 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -7.47 | 15.32 | 14.60 | 202.35 | -4.06 | 50.47 | 8.66 | 10.71 | 6.63 | 9.97 |
| P/VP | 1.01 | 0.78 | 0.77 | 0.48 | 0.43 | 0.63 | 0.63 | 0.61 | 0.77 | 1.07 |
| P/V | 0.82 | 0.69 | 0.70 | 0.42 | 0.34 | 0.58 | 0.49 | 0.44 | 0.53 | 0.86 |
| Margem Bruta | 58.6% | 58.2% | 59.3% | 58.4% | 54.6% | 61.6% | 59.6% | 58.1% | 58.7% | 58.5% |
| Margem Operacional | 4.0% | 7.1% | 8.3% | 5.5% | -5.9% | 4.3% | 8.5% | 8.8% | 9.7% | 11.7% |
| Margem Líquida | -11.1% | 4.2% | 4.6% | 0.3% | -8.3% | 1.2% | 5.7% | 3.7% | 7.2% | 8.6% |