Demonstrações financeiras detalhadas de Liberty Latin America Ltd. (LILA): 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
Liberty Latin America Ltd. registou receitas de $4.44B no último exercício, com um CAGR de 5 anos de 3.4%.
Margens dos últimos 12 meses: margem bruta 67.6%, margem operacional 16.4%, margem líquida -2.2%. O fluxo de caixa livre cresceu a CAGR de 32.7% em 5 anos.
Ao preço atual de $8.74, LILA apresenta lucros negativos (P/L não significativo) e um ROE de -17.43%. A capitalização de mercado é de $2.6B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $2.72B | $3.59B | $3.71B | $3.87B | $3.76B | $4.81B | $4.81B | $4.51B | $4.46B | $4.44B |
| Custo da Receita | $677.2M | $876.2M | $889.8M | $1.29B | $1.27B | $1.74B | $1.73B | $1.51B | $1.49B | $1.44B |
| Lucro Bruto | $2.05B | $2.71B | $2.82B | $2.57B | $2.50B | $3.08B | $3.08B | $3.00B | $2.96B | $3.00B |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $539.2M | $688.9M | $789.6M | $730.5M | $749.2M | $922.6M | $917.2M | $827.4M | $852.8M | $813.2M |
| Despesas Operacionais | $1.57B | $2.15B | $2.26B | $2.25B | $2.40B | $3.01B | $2.99B | $2.49B | $3.01B | $2.28B |
| Lucro Operacional | $319.1M | -$148.4M | -$23.6M | $325.8M | $93.2M | $63.8M | $86.5M | $517.7M | -$48.3M | $719.5M |
| EBITDA | $803.6M | $524.3M | $688.8M | $1.08B | $620.4M | $1.17B | $1.34B | $1.55B | $964.6M | $908.5M |
| Despesas com Juros | $314.4M | $381.8M | $443.7M | $499.2M | $533.4M | $527.4M | $556.7M | $601.7M | $627.7M | $656.4M |
| Lucro Antes de Impostos | -$98.1M | -$651.2M | -$584.7M | -$308.6M | -$831.7M | -$318.0M | -$123.0M | -$62.4M | -$631.4M | -$652.8M |
| Imposto | $129.1M | $147.5M | $51.1M | -$100.2M | -$27.8M | $172.6M | $84.8M | $24.4M | -$4.1M | -$98.5M |
| Lucro Líquido | -$255.5M | -$778.1M | -$345.2M | -$106.1M | -$682.2M | -$440.6M | -$170.7M | -$73.6M | -$657.0M | -$611.2M |
| LPA | $-1.40 | $-4.29 | $-1.99 | $-1.00 | $-4.14 | $-1.89 | $-0.77 | $-0.35 | $-3.34 | $-3.06 |
| LPA Diluído | $-1.93 | $-4.29 | $-1.96 | $-1.00 | $-4.14 | $-1.89 | $-0.77 | $-0.35 | $-3.34 | $-3.06 |
| Ações em Circulação (Diluídas) | $183.1M | $181.4M | $176.0M | $181.5M | $195.5M | $232.6M | $222.6M | $210.0M | $197.0M | $199.9M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $1.11B | $1.16B | $1.08B | $1.10B |
| Lucro Bruto | $750.6M | $772.7M | $630.2M | $860.6M |
| Lucro Operacional | $205.0M | $191.9M | $152.6M | $181.2M |
| EBITDA | $389.7M | $437.2M | $63.4M | $418.0M |
| Lucro Líquido | $3.3M | -$54.8M | -$22.7M | -$24.0M |
| LPA | $0.02 | $-0.27 | $-0.11 | $-0.13 |
| LPA Diluído | $0.02 | $-0.27 | $-0.11 | $-0.13 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $552.6M | $529.9M | $631.0M | $1.18B | $894.2M | $956.7M | $781.0M | $988.6M | $654.3M | $13.7M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $617.8M | $556.5M | $607.3M | $585.2M | $636.1M | $705.0M | $802.6M | $903.3M | $919.7M | $910.6M |
| Estoque | $93.8M | $65.5M | $73.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $1.51B | $1.37B | $1.64B | $2.06B | $1.95B | $2.05B | $2.08B | $2.41B | $2.13B | $2.25B |
| Imobilizado | $3.86B | $4.17B | $4.24B | $4.30B | $4.75B | $4.17B | $4.29B | $4.21B | $4.06B | $3.85B |
| Ágio | $6.30B | $5.67B | $5.13B | $4.91B | $4.89B | $3.95B | $3.42B | $3.48B | $2.98B | $3.01B |
| Ativos Intangíveis | $1.23B | $1.88B | $1.73B | $1.53B | $2.32B | $2.38B | $2.28B | $2.13B | $2.23B | $1.68B |
| Ativos Totais | $14.19B | $13.62B | $13.45B | $14.94B | $15.08B | $15.37B | $13.58B | $13.59B | $12.80B | $12.23B |
| Contas a Pagar | $219.4M | $286.8M | $297.4M | $346.6M | $425.3M | $398.0M | $525.1M | $424.4M | $441.9M | $384.6M |
| Dívida de Curto Prazo | $150.8M | $263.3M | $302.5M | $180.2M | $161.9M | $106.3M | $226.9M | $581.9M | $465.7M | $503.8M |
| Passivos Circulantes | $1.35B | $1.59B | $1.61B | $1.58B | $1.70B | $1.51B | $1.77B | $2.13B | $2.04B | $1.98B |
| Dívida de Longo Prazo | $5.90B | $6.11B | $6.38B | $8.19B | $8.20B | $7.46B | $7.65B | $7.60B | $7.61B | $8.29B |
| Passivos Totais | $8.46B | $8.93B | $9.32B | $10.96B | $11.74B | $12.47B | $11.02B | $11.28B | $11.17B | $11.16B |
| Reservas | -$232.6M | -$1.01B | -$1.37B | -$1.45B | -$2.24B | -$2.69B | -$2.87B | -$2.94B | -$3.60B | -$4.24B |
| Patrimônio Líquido | $4.25B | $3.33B | $3.11B | $3.11B | $2.61B | $2.22B | $1.92B | $1.76B | $1.12B | $555.6M |
| Dívida Total | $6.05B | $6.37B | $6.68B | $8.37B | $8.42B | $7.65B | $7.96B | $8.26B | $8.17B | $9.22B |
| Dívida Líquida | $5.50B | $5.84B | $6.05B | $7.19B | $7.53B | $6.69B | $7.18B | $7.28B | $7.51B | $9.21B |
| Capital de Giro | $162.3M | -$212.1M | $36.1M | $479.2M | $248.6M | $537.4M | $305.1M | $279.6M | $87.6M | $268.3M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $596.7M | $13.7M | $681.4M | $714.1M |
| Ativos Totais | $12.05B | $12.23B | $12.16B | $12.23B |
| Passivos Totais | $10.89B | $11.16B | $11.15B | $11.23B |
| Patrimônio Líquido | $628.9M | $555.6M | $540.6M | $528.1M |
| Dívida Total | $8.80B | $9.22B | $8.88B | $8.54B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$227.2M | -$798.7M | -$635.8M | -$182.4M | -$808.9M | -$490.1M | -$207.8M | -$86.8M | -$659.7M | -$554.3M |
| Depreciação e Amortização | $587.3M | $793.7M | $829.8M | $871.0M | $914.6M | $964.7M | $910.7M | $1.01B | $968.3M | $904.9M |
| Compensação em Ações | $15.4M | $14.2M | $39.8M | $57.5M | $97.5M | $118.1M | $93.5M | $88.7M | $73.0M | $54.4M |
| Variação Capital de Giro | -$121.2M | -$122.8M | -$133.2M | -$163.7M | -$208.1M | -$170.8M | -$173.3M | -$78.1M | -$7.0M | -$37.1M |
| Fluxo de Caixa Operacional | $468.2M | $573.9M | $816.8M | $918.2M | $640.1M | $1.02B | $868.8M | $897.0M | $756.3M | $805.9M |
| CapEx | -$490.4M | -$639.3M | -$776.4M | -$589.1M | -$565.8M | -$736.3M | -$660.1M | -$585.0M | -$540.4M | -$500.0M |
| Aquisições | $16.3M | -$1.3M | -$226.4M | -$83.7M | -$1.89B | -$499.8M | -$419.6M | 0 | -$95.4M | -$73.3M |
| Recompra de Ações | -$20.0M | -$53.0M | -$20.9M | 0 | -$9.5M | -$63.0M | -$170.4M | -$118.3M | -$82.9M | 0 |
| Dividendos Pagos | 0 | -$54.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$22.2M | -$65.4M | $40.4M | $329.1M | $74.3M | $279.9M | $208.7M | $312.0M | $215.9M | $305.9M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $178.2M | $461.9M | $42.2M | $259.0M |
| CapEx | -$122.2M | -$141.8M | -$99.3M | -$220.1M |
| Fluxo de Caixa Livre | $56.0M | $320.1M | -$57.1M | $38.9M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $9.9M | $7.8M | $24.8M | $31.6M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +31.8% | +3.2% | +4.4% | -2.6% | +27.8% | -0.1% | -6.2% | -1.2% | -0.3% |
| Crescimento Lucro Líquido (anual) | | -204.5% | +55.6% | +69.3% | -543.0% | +35.4% | +61.3% | +56.9% | -792.7% | +7.0% |
| Crescimento LPA (anual) | | -206.4% | +53.6% | +49.7% | -314.0% | +54.3% | +59.3% | +54.5% | -854.3% | +8.4% |
| Variação de Ações (anual) | | -0.9% | -3.0% | +3.1% | +7.7% | +19.0% | -4.3% | -5.7% | -6.2% | +1.5% |
| Crescimento FCF (anual) | | -194.6% | +161.8% | +714.6% | -77.4% | +276.7% | -25.4% | +49.5% | -30.8% | +41.7% |
| Margem Bruta | 75.1% | 75.6% | 76.0% | 66.6% | 66.3% | 63.9% | 64.0% | 66.6% | 66.5% | 67.5% |
| Margem Operacional | 11.7% | -4.1% | -0.6% | 8.4% | 2.5% | 1.3% | 1.8% | 11.5% | -1.1% | 16.2% |
| Margem EBITDA | 29.5% | 14.6% | 18.6% | 27.9% | 16.5% | 24.4% | 28.0% | 34.3% | 21.6% | 20.5% |
| Margem Líquida | -9.4% | -21.7% | -9.3% | -2.7% | -18.1% | -9.2% | -3.5% | -1.6% | -14.7% | -13.8% |
| Margem FCF | -0.8% | -1.8% | 1.1% | 8.5% | 2.0% | 5.8% | 4.3% | 6.9% | 4.8% | 6.9% |
| Taxa Efetiva de Imposto | -131.6% | -22.7% | -8.7% | 32.5% | 3.3% | -54.3% | -68.9% | -39.1% | 0.6% | 15.1% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.12 | $-0.36 | $0.23 | $1.81 | $0.38 | $1.20 | $0.94 | $1.49 | $1.10 | $1.53 |
| Dividendo por Ação | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $182.4M | $181.4M | $173.3M | $181.5M | $195.5M | $232.6M | $222.6M | $210.0M | $197.0M | $199.9M |
O que olhar em empresas de Communication Services
- 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 | -17.43% |
| Retorno sobre capital investido | -3.78% |
| Retorno sobre ativos | -0.80% |
| Margem bruta | 67.62% |
| Margem operacional | 16.39% |
| Margem líquida | -2.20% |
Saúde financeira
| Dívida / Patrimônio | 16.18 |
| Liquidez corrente | 1.19 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.15 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -9.69 | -2.90 | -4.49 | -11.92 | -1.66 | -3.81 | -6.04 | -12.91 | -1.18 | -1.49 |
| P/VP | 0.58 | 0.68 | 0.50 | 0.70 | 0.52 | 0.75 | 0.54 | 0.54 | 0.69 | 1.64 |
| P/V | 0.91 | 0.63 | 0.42 | 0.56 | 0.36 | 0.35 | 0.22 | 0.21 | 0.17 | 0.21 |
| Margem Bruta | 75.1% | 75.6% | 76.0% | 66.6% | 66.3% | 63.9% | 64.0% | 66.6% | 66.5% | 67.5% |
| Margem Operacional | 11.7% | -4.1% | -0.6% | 8.4% | 2.5% | 1.3% | 1.8% | 11.5% | -1.1% | 16.2% |
| Margem Líquida | -9.4% | -21.7% | -9.3% | -2.7% | -18.1% | -9.2% | -3.5% | -1.6% | -14.7% | -13.8% |