Demonstrações financeiras detalhadas de Investar Holding Corporation (ISTR): 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
Investar Holding Corporation registou receitas de $153.5M no último exercício, com um CAGR de 5 anos de 7.7%. O lucro líquido atingiu $22.9M, com CAGR de 5 anos de 10.5%.
Margens dos últimos 12 meses: margem bruta 61.7%, margem operacional 19.3%, margem líquida 17.8%. O fluxo de caixa livre cresceu a CAGR de 10.6% em 5 anos.
Ao preço atual de $30.33, ISTR negocia a um P/L de 11.67 e um ROE de 9.39%. A capitalização de mercado é de $417M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $47.4M | $57.0M | $78.1M | $95.7M | $105.9M | $108.0M | $123.2M | $141.1M | $156.5M | $153.5M |
| Custo da Receita | $10.5M | $12.4M | $19.1M | $26.5M | $31.4M | $34.6M | $17.7M | $56.7M | $70.6M | $59.9M |
| Lucro Bruto | $36.9M | $44.7M | $59.0M | $69.1M | $74.5M | $73.4M | $105.5M | $84.4M | $85.9M | $93.6M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $16.0M | $19.1M | $25.7M | $28.9M | $33.7M | $35.8M | $35.2M | $37.4M | $39.0M | $42.2M |
| Despesas Operacionais | $25.4M | $32.2M | $41.8M | $48.2M | $57.2M | $63.5M | $61.1M | $64.0M | $61.5M | $65.7M |
| Lucro Operacional | $11.5M | $12.4M | $17.2M | $21.0M | $17.3M | $9.9M | $44.3M | $20.4M | $24.4M | $27.8M |
| EBITDA | $13.0M | $14.3M | $19.8M | $24.4M | $21.9M | $14.9M | $48.8M | $24.2M | $27.5M | $30.6M |
| Despesas com Juros | $8.4M | $10.8M | $16.5M | $24.6M | $20.3M | $11.7M | $14.8M | $58.7M | $74.1M | $63.2M |
| Lucro Antes de Impostos | $11.5M | $12.4M | $17.2M | $21.0M | $17.3M | $9.9M | $44.3M | $20.4M | $24.4M | $27.9M |
| Imposto | $3.6M | $4.2M | $3.6M | $4.1M | $3.5M | $1.9M | $8.6M | $3.8M | $4.2M | $5.0M |
| Lucro Líquido | $7.9M | $8.2M | $13.6M | $16.8M | $13.9M | $8.0M | $35.7M | $16.7M | $20.3M | $22.9M |
| LPA | $1.11 | $0.96 | $1.41 | $1.68 | $1.27 | $0.77 | $3.54 | $1.69 | $2.06 | $2.22 |
| LPA Diluído | $1.10 | $0.96 | $1.39 | $1.66 | $1.27 | $0.76 | $3.50 | $1.69 | $2.05 | $2.08 |
| Ações em Circulação (Diluídas) | $7.2M | $8.5M | $9.8M | $10.1M | $10.9M | $10.5M | $10.2M | $9.8M | $9.9M | $10.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $40.1M | $39.0M | $53.2M | $56.3M |
| Lucro Bruto | $24.0M | $23.5M | $32.7M | $36.3M |
| Lucro Operacional | $7.5M | $7.2M | $9.8M | $11.8M |
| EBITDA | $8.2M | $7.9M | $11.2M | $11.8M |
| Lucro Líquido | $6.2M | $5.9M | $12.0M | $9.5M |
| LPA | $0.57 | $0.55 | $0.84 | $0.64 |
| LPA Diluído | $0.49 | $0.51 | $0.77 | $0.61 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $29.3M | $30.4M | $17.1M | $44.3M | $35.4M | $96.5M | $40.1M | $32.0M | $27.9M | $26.6M |
| Investimentos de Curto Prazo | $163.1M | $217.6M | $249.0M | $259.8M | $268.4M | $355.5M | $405.2M | $361.9M | $6.2M | $370.6M |
| Contas a Receber | $3.2M | $4.7M | $5.6M | $7.9M | $13.0M | $11.4M | $12.7M | $14.4M | $14.4M | $14.3M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $195.6M | $252.7M | $271.7M | $312.0M | $316.7M | $463.4M | $458.0M | $408.3M | $48.5M | $411.5M |
| Imobilizado | $31.7M | $37.5M | $40.2M | $50.9M | $56.3M | $58.1M | $49.6M | $44.2M | $40.7M | $39.5M |
| Ágio | $2.7M | $17.1M | 0 | $26.2M | $28.2M | $40.2M | $40.1M | $40.2M | $40.1M | $40.1M |
| Ativos Intangíveis | $550000 | $2.8M | 0 | $4.8M | $4.0M | $3.8M | $3.1M | $2.2M | $1.6M | $1.1M |
| Ativos Totais | $1.16B | $1.62B | $1.79B | $2.15B | $2.32B | $2.51B | $2.75B | $2.82B | $2.72B | $2.83B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $39.1M | $21.9M | $2.0M | $3.0M | $5.7M | $5.8M | 0 | $8.6M | $8.4M | $11.2M |
| Passivos Circulantes | $946.9M | $1.25B | $1.36B | $1.73B | $1.91B | $2.13B | $2.08B | $2.26B | $2.35B | $1.32B |
| Dívida de Longo Prazo | $87.4M | $190.6M | $230.6M | $180.3M | $169.3M | $129.9M | $439.7M | $76.5M | $92.6M | $141.6M |
| Passivos Totais | $1.05B | $1.45B | $1.60B | $1.91B | $2.08B | $2.27B | $2.54B | $2.59B | $2.48B | $2.53B |
| Reservas | $26.2M | $33.2M | $45.7M | $60.2M | $71.4M | $76.2M | $108.2M | $116.7M | $132.9M | $150.5M |
| Patrimônio Líquido | $112.8M | $172.7M | $182.3M | $242.0M | $243.3M | $242.6M | $215.8M | $226.8M | $241.3M | $301.1M |
| Dívida Total | $126.5M | $212.6M | $232.5M | $183.3M | $175.0M | $135.7M | $439.7M | $85.1M | $101.0M | $152.8M |
| Dívida Líquida | -$65.9M | -$35.4M | -$33.6M | -$120.8M | -$128.8M | -$316.4M | -$5.5M | -$308.8M | $66.9M | -$244.5M |
| Capital de Giro | -$751.3M | -$994.5M | -$1.09B | -$1.41B | -$1.59B | -$1.66B | -$1.62B | -$1.86B | -$2.31B | -$910.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $35.4M | $26.6M | $79.6M | $72.3M |
| Ativos Totais | $2.80B | $2.83B | $3.88B | $3.86B |
| Passivos Totais | $2.51B | $2.53B | $3.46B | $3.44B |
| Patrimônio Líquido | $295.3M | $301.1M | $414.6M | $420.1M |
| Dívida Total | $100.6M | $152.8M | $194.2M | $194.4M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $7.9M | $8.2M | $13.6M | $16.8M | $13.9M | $8.0M | $35.7M | $16.7M | $20.3M | $22.9M |
| Depreciação e Amortização | $1.5M | $1.9M | $2.6M | $3.5M | $4.6M | $5.0M | $4.4M | $3.8M | $3.1M | $2.8M |
| Compensação em Ações | $609000 | $786000 | $1.1M | $1.4M | $1.6M | $1.7M | $2.1M | $2.0M | $2.0M | $2.0M |
| Variação Capital de Giro | -$2.0M | -$3.2M | -$2.5M | -$3.0M | -$10.4M | -$1.7M | -$2.4M | $6.7M | -$635000 | -$3.0M |
| Fluxo de Caixa Operacional | $37.3M | $9.5M | $16.4M | $18.6M | $17.7M | $33.5M | $42.7M | $26.2M | $15.9M | $18.2M |
| CapEx | -$4.1M | -$2.1M | -$4.9M | -$7.9M | -$7.6M | -$3.3M | -$1.1M | -$1.1M | -$506000 | -$1.4M |
| Aquisições | 0 | $21.2M | 0 | $74.1M | -$10.8M | $8.1M | 0 | -$596000 | 0 | 0 |
| Recompra de Ações | -$3.5M | -$506000 | -$3.4M | -$8.3M | -$11.1M | -$6.9M | -$10.5M | -$3.0M | -$305000 | -$2.3M |
| Dividendos Pagos | -$278000 | -$722000 | -$1.5M | -$2.2M | -$2.7M | -$3.1M | -$3.6M | -$3.8M | -$4.0M | -$4.8M |
| Fluxo de Caixa Livre | $33.2M | $7.4M | $11.5M | $10.6M | $10.2M | $30.2M | $41.7M | $25.2M | $15.4M | $16.8M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $6.9M | $3.6M | $9.9M | $6.6M |
| CapEx | -$497000 | -$455000 | -$651000 | -$547000 |
| Fluxo de Caixa Livre | $6.4M | $3.2M | $9.3M | $6.1M |
| Dividendos Pagos | -$1.1M | -$1.6M | -$1.6M | -$2.0M |
| Compensação em Ações | $512000 | $504000 | $473000 | -$473000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +20.4% | +37.0% | +22.5% | +10.7% | +1.9% | +14.1% | +14.5% | +11.0% | -1.9% |
| Crescimento Lucro Líquido (anual) | | +4.1% | +65.9% | +23.8% | -17.5% | -42.4% | +346.4% | -53.3% | +21.4% | +13.1% |
| Crescimento LPA (anual) | | -13.5% | +46.9% | +19.1% | -24.4% | -39.4% | +359.7% | -52.3% | +21.9% | +7.8% |
| Variação de Ações (anual) | | +19.2% | +14.6% | +3.6% | +7.1% | -3.4% | -3.0% | -3.3% | +1.0% | +6.8% |
| Crescimento FCF (anual) | | -77.8% | +55.6% | -7.2% | -4.6% | +196.9% | +38.2% | -39.6% | -38.7% | +9.2% |
| Margem Bruta | 77.8% | 78.3% | 75.6% | 72.3% | 70.3% | 67.9% | 85.6% | 59.8% | 54.9% | 61.0% |
| Margem Operacional | 24.3% | 21.8% | 22.1% | 21.9% | 16.4% | 9.2% | 36.0% | 14.5% | 15.6% | 18.1% |
| Margem EBITDA | 27.4% | 25.1% | 25.3% | 25.5% | 20.7% | 13.8% | 39.6% | 17.2% | 17.6% | 19.9% |
| Margem Líquida | 16.6% | 14.4% | 17.4% | 17.6% | 13.1% | 7.4% | 29.0% | 11.8% | 12.9% | 14.9% |
| Margem FCF | 70.2% | 12.9% | 14.7% | 11.1% | 9.6% | 27.9% | 33.8% | 17.8% | 9.9% | 11.0% |
| Taxa Efetiva de Imposto | 31.4% | 34.1% | 21.1% | 19.7% | 19.9% | 19.3% | 19.5% | 18.4% | 17.0% | 17.9% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $4.64 | $0.86 | $1.17 | $1.05 | $0.93 | $2.87 | $4.10 | $2.56 | $1.55 | $1.59 |
| Dividendo por Ação | $0.04 | $0.08 | $0.15 | $0.21 | $0.25 | $0.29 | $0.35 | $0.39 | $0.40 | $0.45 |
| Ações em Circulação (Básicas) | $7.1M | $8.5M | $9.7M | $9.9M | $10.9M | $10.4M | $10.1M | $9.8M | $9.8M | $9.8M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 9.39% |
| Retorno sobre capital investido | 4.57% |
| Retorno sobre ativos | 0.87% |
| Margem bruta | 61.74% |
| Margem operacional | 19.27% |
| Margem líquida | 17.83% |
Saúde financeira
| Dívida / Patrimônio | 0.46 |
| Liquidez corrente | 0.17 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 16.80 | 25.10 | 17.59 | 14.29 | 13.02 | 23.91 | 6.08 | 8.82 | 10.66 | 12.04 |
| P/VP | 1.18 | 1.19 | 1.31 | 0.98 | 0.74 | 0.79 | 1.01 | 0.65 | 0.89 | 0.87 |
| P/V | 2.80 | 3.61 | 3.06 | 2.49 | 1.69 | 1.78 | 1.76 | 1.04 | 1.38 | 1.71 |
| Margem Bruta | 77.8% | 78.3% | 75.6% | 72.3% | 70.3% | 67.9% | 85.6% | 59.8% | 54.9% | 61.0% |
| Margem Operacional | 24.3% | 21.8% | 22.1% | 21.9% | 16.4% | 9.2% | 36.0% | 14.5% | 15.6% | 18.1% |
| Margem Líquida | 16.6% | 14.4% | 17.4% | 17.6% | 13.1% | 7.4% | 29.0% | 11.8% | 12.9% | 14.9% |