Demonstrações financeiras detalhadas de KVH Industries, Inc. (KVHI): 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
KVH Industries, Inc. registou receitas de $111.0M no último exercício, com um CAGR de 5 anos de -6.9%.
Margens dos últimos 12 meses: margem bruta 24.5%, margem operacional -7.0%, margem líquida -4.7%.
Ao preço atual de $7.05, KVHI apresenta lucros negativos (P/L não significativo) e um ROE de -4.47%. A capitalização de mercado é de $137M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Receita | $176.1M | $160.1M | $170.8M | $157.9M | $158.7M | $133.9M | $138.8M | $132.4M | $113.8M | $111.0M |
| Custo da Receita | $99.3M | $90.2M | $100.1M | $104.1M | $101.1M | $88.1M | $86.3M | $94.5M | $78.6M | $83.5M |
| Lucro Bruto | $76.8M | $69.9M | $70.7M | $53.8M | $57.6M | $45.8M | $52.5M | $37.9M | $35.2M | $27.5M |
| P&D | $16.0M | $15.9M | $15.0M | $15.9M | $15.8M | $11.1M | $10.4M | $9.4M | $8.4M | $3.5M |
| Despesas Gerais e Administrativas | $62.1M | $62.8M | $62.9M | $58.9M | $54.3M | $54.3M | $47.9M | $39.8M | $37.5M | $35.7M |
| Despesas Operacionais | $78.1M | $78.7M | $77.8M | $74.8M | $80.5M | $65.4M | $58.2M | $55.2M | $47.1M | $38.7M |
| Lucro Operacional | -$1.3M | -$8.8M | -$7.2M | -$21.1M | -$22.9M | -$19.6M | -$5.7M | -$17.3M | -$11.9M | -$11.2M |
| EBITDA | $12.0M | $2.6M | -$5.9M | -$7.5M | -$10.1M | $3.0M | $10.0M | -$1.7M | $2.7M | $3.2M |
| Despesas com Juros | $1.4M | $1.5M | $1.8M | $1.0M | $18000 | $56000 | $3000 | $1000 | $2000 | 0 |
| Lucro Antes de Impostos | -$2.0M | -$9.9M | -$7.7M | -$20.0M | -$21.8M | -$11.7M | -$3.4M | -$15.1M | -$10.6M | -$7.5M |
| Imposto | $5.5M | $1.1M | $565000 | -$4.0M | $174000 | -$108000 | $546000 | $318000 | $421000 | -$131000 |
| Lucro Líquido | -$7.5M | -$11.0M | -$8.2M | $33.3M | -$21.9M | -$9.8M | $24.0M | -$15.4M | -$11.0M | -$7.4M |
| LPA | $-0.47 | $-0.67 | $-0.48 | $1.90 | $-1.24 | $-0.54 | $1.29 | $-0.81 | $-0.57 | $-0.38 |
| LPA Diluído | $-0.47 | $-0.67 | $-0.48 | $1.90 | $-1.24 | $-0.54 | $1.29 | $-0.81 | $-0.57 | $-0.38 |
| Ações em Circulação (Diluídas) | $15.8M | $16.4M | $17.1M | $17.5M | $17.7M | $18.2M | $18.6M | $19.1M | $19.4M | $19.4M |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caixa e Equivalentes | $26.4M | $34.6M | $18.1M | $18.4M | $12.6M | $11.4M | $21.1M | $11.3M | $50.6M | $69.9M |
| Investimentos de Curto Prazo | $25.7M | $8.3M | $25000 | $29.9M | $25.1M | $13.1M | $55.7M | $58.5M | 0 | 0 |
| Contas a Receber | $31.2M | $28.3M | $32.2M | $34.3M | $34.8M | $29.0M | $27.4M | $25.7M | $21.6M | $25.0M |
| Estoque | $20.7M | $22.7M | $22.9M | $23.5M | $24.7M | $15.8M | $22.7M | $19.0M | $23.0M | $14.9M |
| Ativos Circulantes | $108.8M | $97.8M | $77.7M | $109.3M | $101.1M | $87.8M | $130.0M | $118.8M | $122.6M | $117.8M |
| Imobilizado | $36.6M | $43.5M | $53.2M | $59.9M | $63.2M | $56.0M | $55.3M | $48.7M | $28.4M | $26.4M |
| Ágio | $31.3M | $33.9M | $32.2M | $15.4M | $6.6M | $6.6M | $5.3M | 0 | 0 | $732000 |
| Ativos Intangíveis | $17.8M | $15.1M | $10.5M | $4.9M | $2.3M | $1.3M | $404000 | $1.2M | $828000 | $3.7M |
| Ativos Totais | $199.8M | $196.2M | $187.7M | $199.4M | $183.6M | $168.8M | $196.3M | $172.6M | $155.1M | $151.5M |
| Contas a Pagar | $8.4M | $15.7M | $16.7M | $15.0M | $11.4M | $9.5M | $20.4M | $4.8M | $4.3M | $4.5M |
| Dívida de Curto Prazo | $7.9M | $2.5M | $9.9M | 0 | $5.0M | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $39.6M | $43.3M | $56.0M | $38.4M | $40.8M | $33.9M | $37.1M | $25.0M | $15.9M | $16.7M |
| Dívida de Longo Prazo | $50.2M | $44.6M | $19.4M | 0 | $1.9M | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $93.3M | $90.6M | $88.1M | $49.4M | $51.7M | $39.8M | $37.8M | $25.3M | $16.5M | $20.5M |
| Reservas | $6.6M | -$4.4M | -$15.4M | $19.5M | -$2.4M | -$12.2M | $13.7M | -$1.7M | -$12.8M | -$20.1M |
| Patrimônio Líquido | $106.5M | $105.7M | $99.5M | $150.0M | $131.9M | $129.0M | $158.4M | $147.4M | $138.6M | $131.0M |
| Dívida Total | $58.1M | $47.1M | $29.4M | $6.3M | $14.0M | $3.1M | $2.2M | $1.1M | $1.2M | $4.4M |
| Dívida Líquida | $5.9M | $4.1M | $11.3M | -$42.0M | -$23.8M | -$21.4M | -$74.6M | -$68.7M | -$49.3M | -$65.5M |
| Capital de Giro | $69.2M | $54.4M | $21.7M | $70.9M | $60.3M | $53.9M | $92.8M | $93.8M | $106.7M | $101.1M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lucro Líquido | -$7.5M | -$11.0M | -$8.2M | $33.3M | -$21.9M | -$9.8M | $24.0M | -$15.4M | -$11.0M | -$7.4M |
| Depreciação e Amortização | $12.6M | $11.0M | $12.9M | $11.5M | $11.7M | $14.6M | $13.4M | $13.4M | $13.3M | $10.7M |
| Compensação em Ações | $3.7M | $3.5M | $3.3M | $4.2M | $3.5M | $4.1M | $3.4M | $2.1M | $2.0M | $1.6M |
| Variação Capital de Giro | $4.9M | $8.1M | -$2.3M | -$9.7M | -$7.7M | $215000 | -$1.1M | -$5.9M | -$20.3M | $14.2M |
| Fluxo de Caixa Operacional | $18.7M | $11.5M | $5.2M | -$14.2M | -$3.1M | $2.9M | $8.9M | $2.5M | -$13.2M | $17.1M |
| CapEx | -$5.6M | -$12.9M | -$15.9M | -$12.6M | -$14.1M | -$18.8M | -$14.4M | -$11.9M | -$7.4M | -$7.4M |
| Aquisições | $5.6M | $12.8M | $15.9M | $88.4M | $14.1M | 0 | $57.4M | 0 | 0 | $11.3M |
| Recompra de Ações | -$313000 | -$392000 | 0 | -$1.3M | -$390000 | 0 | 0 | -$239000 | 0 | -$1.7M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $13.1M | -$1.3M | -$10.8M | -$26.8M | -$17.2M | -$15.9M | -$5.6M | -$9.4M | -$20.6M | $9.8M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crescimento Receita (anual) | -9.1% | +6.7% | -7.5% | +0.5% | -15.6% | +3.6% | -4.6% | -14.0% | -2.5% | |
| Crescimento Lucro Líquido (anual) | -46.8% | +25.4% | +504.0% | -166.0% | +55.5% | +346.1% | -164.2% | +28.4% | +33.2% | |
| Crescimento LPA (anual) | -42.6% | +28.4% | +495.8% | -165.3% | +56.5% | +338.9% | -162.8% | +29.6% | +33.3% | |
| Variação de Ações (anual) | +3.7% | +4.0% | +2.3% | +1.2% | +3.1% | +2.3% | +2.7% | +1.4% | +0.0% | |
| Crescimento FCF (anual) | -110.3% | -700.4% | -149.0% | +35.7% | +7.7% | +65.1% | -69.3% | -119.0% | +147.4% | |
| Margem Bruta | 43.6% | 43.7% | 41.4% | 34.0% | 36.3% | 34.2% | 37.8% | 28.6% | 30.9% | 24.8% |
| Margem Operacional | -0.8% | -5.5% | -4.2% | -13.4% | -14.5% | -14.6% | -4.1% | -13.1% | -10.4% | -10.1% |
| Margem EBITDA | 6.8% | 1.6% | -3.4% | -4.8% | -6.4% | 2.2% | 7.2% | -1.3% | 2.3% | 2.9% |
| Margem Líquida | -4.3% | -6.9% | -4.8% | 21.1% | -13.8% | -7.3% | 17.3% | -11.6% | -9.7% | -6.7% |
| Margem FCF | 7.4% | -0.8% | -6.3% | -17.0% | -10.8% | -11.9% | -4.0% | -7.1% | -18.1% | 8.8% |
| Taxa Efetiva de Imposto | -281.6% | -11.0% | -7.4% | 20.0% | -0.8% | 0.9% | -15.8% | -2.1% | -4.0% | 1.7% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Ação | $0.83 | $-0.08 | $-0.63 | $-1.53 | $-0.97 | $-0.87 | $-0.30 | $-0.49 | $-1.06 | $0.50 |
| 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) | $15.8M | $16.4M | $17.1M | $17.5M | $17.7M | $18.2M | $18.6M | $19.1M | $19.4M | $19.4M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -4.47% |
| Retorno sobre capital investido | -6.48% |
| Retorno sobre ativos | -3.88% |
| Margem bruta | 24.49% |
| Margem operacional | -7.00% |
| Margem líquida | -4.68% |
Saúde financeira
| Dívida / Patrimônio | 0.04 |
| Liquidez corrente | 7.07 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/L | -25.11 | -15.45 | -21.44 | 5.86 | -9.15 | -17.02 | 7.92 | -6.49 | -10.00 | -18.34 |
| P/VP | 1.75 | 1.61 | 1.77 | 1.30 | 1.52 | 1.30 | 1.20 | 0.68 | 0.80 | 1.03 |
| P/V | 1.06 | 1.06 | 1.03 | 1.23 | 1.26 | 1.25 | 1.37 | 0.76 | 0.97 | 1.22 |
| Margem Bruta | 43.6% | 43.7% | 41.4% | 34.0% | 36.3% | 34.2% | 37.8% | 28.6% | 30.9% | 24.8% |
| Margem Operacional | -0.8% | -5.5% | -4.2% | -13.4% | -14.5% | -14.6% | -4.1% | -13.1% | -10.4% | -10.1% |
| Margem Líquida | -4.3% | -6.9% | -4.8% | 21.1% | -13.8% | -7.3% | 17.3% | -11.6% | -9.7% | -6.7% |
Empresas relacionadas: ASYS · CMTL · GNSS · MX · MYPS · OSS · SILC
Explorar setor: Technology · Communication Equipment
Mais seções de KVHI: Resumo · Avaliação · Estatísticas · Estimativas · Técnico · Propriedade · Notícias · Eventos
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