Demonstrações financeiras detalhadas de Hudson Technologies, Inc. (HDSN): 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
Hudson Technologies, Inc. registou receitas de $246.6M no último exercício, com um CAGR de 5 anos de 10.8%.
Margens dos últimos 12 meses: margem bruta 23.3%, margem operacional 4.5%, margem líquida 3.5%.
Ao preço atual de $5.21, HDSN negocia a um P/L de 25.33 e um ROE de 3.64%. A capitalização de mercado é de $219M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $105.5M | $140.4M | $166.5M | $162.1M | $147.6M | $192.7M | $325.2M | $289.0M | $237.1M | $246.6M |
| Custo da Receita | $74.4M | $102.4M | $173.9M | $144.9M | $112.2M | $121.1M | $162.3M | $177.5M | $171.4M | $184.5M |
| Lucro Bruto | $31.1M | $38.0M | -$7.4M | $17.2M | $35.4M | $71.7M | $162.9M | $111.5M | $65.7M | $62.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $12.1M | $21.7M | $32.3M | $30.0M | $26.6M | $26.6M | $28.6M | $30.5M | $33.0M | $40.2M |
| Despesas Operacionais | $12.1M | $22.9M | $35.2M | $32.9M | $29.5M | $29.4M | $31.4M | $33.3M | $36.4M | $43.5M |
| Lucro Operacional | $18.9M | $15.1M | -$42.6M | -$15.8M | $5.9M | $42.3M | $131.5M | $78.2M | $29.3M | $18.6M |
| EBITDA | $21.2M | $25.6M | -$35.5M | $744000 | $13.0M | $51.0M | $137.5M | $84.0M | $38.4M | $28.7M |
| Despesas com Juros | $1.1M | $3.2M | $14.8M | $18.9M | $12.3M | $11.4M | $14.3M | $8.4M | 0 | 0 |
| Lucro Antes de Impostos | $17.3M | $12.0M | -$57.4M | -$25.3M | -$5.4M | $33.4M | $117.2M | $69.8M | $32.0M | $22.7M |
| Imposto | $6.6M | $847000 | -$1.7M | $656000 | -$185000 | $1.1M | $13.4M | $17.6M | $7.6M | $6.0M |
| Lucro Líquido | $10.6M | $11.2M | -$55.7M | -$25.9M | -$5.2M | $32.3M | $103.8M | $52.2M | $24.4M | $16.7M |
| LPA | $0.31 | $0.27 | $-1.31 | $-0.61 | $-0.12 | $0.74 | $2.31 | $1.15 | $0.54 | $0.38 |
| LPA Diluído | $0.30 | $0.26 | $-1.31 | $-0.61 | $-0.12 | $0.69 | $2.20 | $1.10 | $0.52 | $0.37 |
| Ações em Circulação (Diluídas) | $35.4M | $42.8M | $42.5M | $42.6M | $42.7M | $46.6M | $47.1M | $47.3M | $47.1M | $43.0M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $74.0M | $44.4M | $60.2M | $78.3M |
| Lucro Bruto | $23.7M | $3.5M | $11.8M | $20.7M |
| Lucro Operacional | $14.0M | -$11.2M | $1.5M | $7.4M |
| EBITDA | $18.6M | -$9.3M | $3.3M | $9.2M |
| Lucro Líquido | $12.4M | -$8.6M | $330000 | $4.9M |
| LPA | $0.28 | $-0.20 | $0.01 | $0.12 |
| LPA Diluído | $0.27 | $-0.20 | $0.01 | $0.12 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $33.9M | $5.0M | $2.3M | $2.6M | $1.3M | $3.5M | $5.3M | $12.4M | $70.1M | $39.5M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $4.8M | $24.5M | $14.1M | $8.1M | $9.8M | $14.2M | $20.9M | $30.6M | $19.9M | $17.1M |
| Estoque | $68.6M | $172.5M | $102.0M | $59.2M | $44.5M | $94.1M | $145.4M | $154.4M | $96.2M | $135.9M |
| Ativos Circulantes | $108.2M | $208.9M | $123.6M | $74.4M | $62.1M | $119.9M | $176.8M | $205.0M | $195.5M | $210.8M |
| Imobilizado | $7.5M | $30.5M | $27.4M | $31.7M | $28.5M | $26.9M | $27.9M | $26.0M | $28.4M | $28.9M |
| Ágio | $856000 | $49.5M | $47.8M | $47.8M | $47.8M | $47.8M | $47.8M | $47.8M | $62.3M | $65.3M |
| Ativos Intangíveis | $3.3M | $32.4M | $29.5M | $26.0M | $23.1M | $20.4M | $17.6M | $14.8M | $14.1M | $11.3M |
| Ativos Totais | $122.5M | $321.4M | $228.3M | $180.2M | $161.6M | $215.7M | $272.5M | $296.7M | $302.7M | $318.6M |
| Contas a Pagar | $5.1M | $10.9M | $8.7M | $10.3M | $7.6M | $9.6M | $14.2M | $23.4M | $8.7M | $21.1M |
| Dívida de Curto Prazo | $199000 | $66.2M | $31.7M | $17.0M | $9.3M | $20.2M | $4.2M | 0 | 0 | 0 |
| Passivos Circulantes | $10.3M | $95.4M | $60.4M | $46.1M | $37.8M | $64.4M | $52.6M | $58.6M | $47.8M | $64.6M |
| Dívida de Longo Prazo | $152000 | $101.1M | $98.3M | $82.0M | $78.0M | $73.1M | $39.0M | 0 | 0 | 0 |
| Passivos Totais | $10.5M | $198.0M | $159.1M | $135.0M | $121.0M | $144.8M | $97.6M | $67.9M | $56.8M | $75.3M |
| Reservas | -$2.4M | $8.7M | -$46.9M | -$72.9M | -$78.1M | -$45.8M | $58.0M | $110.2M | $134.6M | $151.3M |
| Patrimônio Líquido | $112.0M | $123.5M | $69.2M | $45.1M | $40.6M | $70.9M | $174.9M | $228.8M | $245.8M | $243.4M |
| Dívida Total | $351000 | $167.4M | $129.9M | $104.7M | $93.9M | $100.3M | $50.7M | $6.7M | $6.9M | $5.3M |
| Dívida Líquida | -$33.6M | $162.4M | $127.7M | $102.1M | $92.6M | $96.8M | $45.4M | -$5.8M | -$63.3M | -$34.2M |
| Capital de Giro | $97.9M | $113.5M | $63.2M | $28.3M | $24.4M | $55.5M | $124.2M | $146.4M | $147.7M | $146.2M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $89.7M | $39.5M | $19.4M | $25.6M |
| Ativos Totais | $338.9M | $318.6M | $308.9M | $322.1M |
| Passivos Totais | $73.1M | $75.3M | $71.2M | $78.8M |
| Patrimônio Líquido | $265.9M | $243.4M | $237.7M | $243.3M |
| Dívida Total | $5.5M | $5.3M | $5.3M | $3.7M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $10.6M | $11.2M | -$55.7M | -$25.9M | -$5.2M | $32.3M | $103.8M | $52.2M | $24.4M | $16.7M |
| Depreciação e Amortização | $2.2M | $3.4M | $7.1M | $7.1M | $6.1M | $6.2M | $6.0M | $5.8M | $6.4M | $6.0M |
| Compensação em Ações | $706000 | $1.5M | $1.4M | $1.8M | $656000 | $511000 | $922000 | $2.3M | $842000 | $1.1M |
| Variação Capital de Giro | -$5.8M | -$2.9M | $54.1M | $48.1M | $12.9M | -$36.4M | -$54.5M | -$10.8M | $57.7M | -$27.5M |
| Fluxo de Caixa Operacional | $9.3M | $18.4M | $36.3M | $33.8M | $11.7M | -$1.2M | $62.8M | $58.5M | $91.8M | -$3.2M |
| CapEx | -$1.7M | -$1.0M | -$1.1M | -$1.0M | -$1.5M | -$1.9M | -$3.7M | -$3.6M | -$5.3M | -$5.1M |
| Aquisições | 0 | -$209.0M | 0 | 0 | 0 | 0 | 0 | 0 | -$20.7M | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$8.1M | -$20.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $7.6M | $17.3M | $35.2M | $32.8M | $10.2M | -$3.1M | $59.2M | $55.0M | $86.5M | -$8.2M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $8.8M | -$32.5M | -$12.8M | $6.8M |
| CapEx | -$2.1M | -$1.1M | -$1.1M | -$576000 |
| Fluxo de Caixa Livre | $6.7M | -$33.7M | -$13.9M | $6.3M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $93000 | $469000 | $170000 | $677000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +33.1% | +18.6% | -2.7% | -8.9% | +30.6% | +68.7% | -11.1% | -18.0% | +4.0% |
| Crescimento Lucro Líquido (anual) | | +4.9% | -598.9% | +53.4% | +79.9% | +719.4% | +221.8% | -49.7% | -53.3% | -31.7% |
| Crescimento LPA (anual) | | -12.9% | -585.2% | +53.4% | +80.3% | +716.7% | +212.2% | -50.2% | -53.0% | -29.6% |
| Variação de Ações (anual) | | +20.8% | -0.7% | +0.3% | +0.2% | +9.2% | +1.0% | +0.5% | -0.6% | -8.6% |
| Crescimento FCF (anual) | | +127.8% | +103.2% | -6.9% | -68.9% | -130.8% | +1978.0% | -7.1% | +57.4% | -109.5% |
| Margem Bruta | 29.5% | 27.1% | -4.4% | 10.6% | 24.0% | 37.2% | 50.1% | 38.6% | 27.7% | 25.2% |
| Margem Operacional | 18.0% | 10.8% | -25.6% | -9.7% | 4.0% | 21.9% | 40.4% | 27.0% | 12.4% | 7.5% |
| Margem EBITDA | 20.1% | 18.3% | -21.3% | 0.5% | 8.8% | 26.4% | 42.3% | 29.0% | 16.2% | 11.6% |
| Margem Líquida | 10.1% | 7.9% | -33.4% | -16.0% | -3.5% | 16.7% | 31.9% | 18.1% | 10.3% | 6.8% |
| Margem FCF | 7.2% | 12.4% | 21.2% | 20.2% | 6.9% | -1.6% | 18.2% | 19.0% | 36.5% | -3.3% |
| Taxa Efetiva de Imposto | 38.4% | 7.1% | 3.0% | -2.6% | 3.4% | 3.4% | 11.4% | 25.2% | 23.9% | 26.5% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.22 | $0.41 | $0.83 | $0.77 | $0.24 | $-0.07 | $1.26 | $1.16 | $1.84 | $-0.19 |
| 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) | $34.1M | $41.8M | $42.5M | $42.6M | $42.7M | $43.8M | $45.0M | $45.4M | $45.3M | $43.0M |
O que olhar em Basic Materials
Mineiras, químicas, aço. 100% commodity-driven. Analisar com P/E puro é um erro — olha posição de custos e sustentabilidade do dividendo.
- FCF yield — Em commodities o FCF é ouro — EPS engana muito
- Margem bruta — Margem bruta consistente 5 anos = sinal de moat
- Dívida líquida / EBITDA (vale) — Usar EBITDA do pior ano do ciclo, não o atual
- Cobertura dividendo — Dividendo coberto por FCF em ano médio, não no pico
- Capex / D&A — >1x = mantêm/crescem reservas. <0.7x = a descapitalizar
- Altman Z-Score — Modelo de falência (NYU 1968) — combina liquidez, alavancagem e rentabilidade. Chave em cíclicas
- P/B em ciclos — Commodities: 0.8-1.2x em vales, 2x+ em picos. <2x ainda zona razoável
Rentabilidade
| Retorno sobre patrimônio | 3.64% |
| Retorno sobre capital investido | 2.79% |
| Retorno sobre ativos | 2.80% |
| Margem bruta | 23.26% |
| Margem operacional | 4.52% |
| Margem líquida | 3.51% |
Saúde financeira
| Dívida / Patrimônio | 0.02 |
| Liquidez corrente | 3.23 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 4.53 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 25.84 | 22.48 | -0.68 | -1.61 | -9.08 | 6.00 | 4.38 | 11.73 | 10.33 | 18.03 |
| P/VP | 2.44 | 2.05 | 0.55 | 0.93 | 1.15 | 2.74 | 2.60 | 2.68 | 1.03 | 1.21 |
| P/V | 2.59 | 1.81 | 0.23 | 0.26 | 0.32 | 1.01 | 1.40 | 2.12 | 1.07 | 1.19 |
| Margem Bruta | 29.5% | 27.1% | -4.4% | 10.6% | 24.0% | 37.2% | 50.1% | 38.6% | 27.7% | 25.2% |
| Margem Operacional | 18.0% | 10.8% | -25.6% | -9.7% | 4.0% | 21.9% | 40.4% | 27.0% | 12.4% | 7.5% |
| Margem Líquida | 10.1% | 7.9% | -33.4% | -16.0% | -3.5% | 16.7% | 31.9% | 18.1% | 10.3% | 6.8% |