Demonstrações financeiras detalhadas de Xerox Holdings Corporation (XRX): 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
Xerox Holdings Corporation registou receitas de $7.02B no último exercício, com um CAGR de 5 anos de 0.0%.
Margens dos últimos 12 meses: margem bruta 27.9%, margem operacional -0.5%, margem líquida -11.9%. O fluxo de caixa livre cresceu a CAGR de -11.4% em 5 anos.
Ao preço atual de $3.48, XRX apresenta lucros negativos (P/L não significativo) e um ROE de -161.29%. A capitalização de mercado é de $455M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $10.77B | $10.27B | $9.83B | $9.07B | $7.02B | $7.04B | $7.11B | $6.89B | $6.22B | $7.02B |
| Custo da Receita | $6.51B | $6.20B | $5.90B | $5.42B | $4.58B | $4.63B | $4.79B | $4.57B | $4.26B | $5.12B |
| Lucro Bruto | $4.26B | $4.06B | $3.93B | $3.65B | $2.44B | $2.40B | $2.32B | $2.31B | $1.96B | $1.90B |
| P&D | $476.0M | $446.0M | $397.0M | $373.0M | $258.0M | $310.0M | $304.0M | $229.0M | $191.0M | $230.0M |
| Despesas Gerais e Administrativas | $2.69B | $2.63B | $2.39B | $2.08B | $1.88B | $1.72B | $1.76B | $1.70B | $1.54B | $1.64B |
| Despesas Operacionais | $3.23B | $3.13B | $2.83B | $2.50B | $2.14B | $2.08B | $2.11B | $1.96B | $1.80B | $1.96B |
| Lucro Operacional | $1.03B | $931.0M | $1.09B | $1.39B | $300.0M | $320.0M | $212.0M | $353.0M | $159.0M | -$56.0M |
| EBITDA | $1.31B | $1.21B | $1.24B | $1.37B | $718.0M | -$49.0M | $36.0M | $291.0M | -$822.0M | $91.0M |
| Despesas com Juros | $181.0M | $119.0M | $114.0M | $105.0M | $94.0M | $96.0M | $91.0M | $68.0M | $119.0M | $248.0M |
| Lucro Antes de Impostos | $568.0M | $570.0M | $598.0M | $822.0M | $256.0M | -$472.0M | -$325.0M | -$28.0M | -$1.22B | -$488.0M |
| Imposto | -$62.0M | $481.0M | $257.0M | $179.0M | $64.0M | -$17.0M | -$3.0M | -$29.0M | $105.0M | $541.0M |
| Lucro Líquido | $616.0M | $195.0M | $361.0M | $643.0M | $192.0M | -$455.0M | -$322.0M | $1.0M | -$1.32B | -$1.03B |
| LPA | $-1.95 | $0.71 | $1.45 | $2.90 | $0.85 | $-2.56 | $-2.15 | $-0.09 | $-10.75 | $-8.25 |
| LPA Diluído | $-1.95 | $0.71 | $1.43 | $2.90 | $0.84 | $-2.56 | $-2.15 | $-0.09 | $-10.75 | $-8.25 |
| Ações em Circulação (Diluídas) | $256.0M | $256.6M | $251.7M | $222.0M | $211.4M | $183.2M | $156.0M | $149.1M | $124.2M | $126.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $1.96B | $2.03B | $1.85B | $1.92B |
| Lucro Bruto | $415.0M | $543.0M | $519.0M | $688.0M |
| Lucro Operacional | -$136.0M | $41.0M | $25.0M | $31.0M |
| EBITDA | -$113.0M | $126.0M | $111.0M | $232.0M |
| Lucro Líquido | -$760.0M | -$73.0M | -$105.0M | $13.0M |
| LPA | $-6.02 | $-0.59 | $-0.85 | $0.07 |
| LPA Diluído | $-6.02 | $-0.59 | $-0.85 | $0.07 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $2.22B | $1.29B | $1.08B | $2.74B | $2.62B | $1.84B | $1.04B | $519.0M | $576.0M | $512.0M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $1.01B | $2.83B | $2.61B | $2.53B | $2.09B | $1.97B | $2.04B | $1.78B | $1.47B | $1.70B |
| Estoque | $841.0M | $915.0M | $818.0M | $694.0M | $843.0M | $696.0M | $797.0M | $661.0M | $695.0M | $1.02B |
| Ativos Circulantes | $6.99B | $5.23B | $4.70B | $6.14B | $5.78B | $4.70B | $4.11B | $3.18B | $2.94B | $3.61B |
| Imobilizado | $1.14B | $1.08B | $941.0M | $1.11B | $1.01B | $875.0M | $770.0M | $703.0M | $675.0M | $689.0M |
| Ágio | $3.79B | $3.93B | $3.87B | $3.90B | $4.07B | $3.29B | $2.82B | $2.75B | $1.94B | $2.19B |
| Ativos Intangíveis | $290.0M | $268.0M | $220.0M | $321.0M | $355.0M | $331.0M | $303.0M | $245.0M | $296.0M | $921.0M |
| Ativos Totais | $18.14B | $15.95B | $14.87B | $15.05B | $14.74B | $13.22B | $11.54B | $10.01B | $8.37B | $9.82B |
| Contas a Pagar | $1.13B | $1.11B | $1.07B | $1.05B | $983.0M | $1.07B | $1.33B | $1.04B | $1.02B | $1.50B |
| Dívida de Curto Prazo | $1.01B | $282.0M | $961.0M | $1.14B | $394.0M | $650.0M | $860.0M | $567.0M | $585.0M | $231.0M |
| Passivos Circulantes | $4.65B | $2.74B | $3.25B | $3.44B | $2.48B | $2.83B | $3.33B | $2.78B | $2.62B | $3.23B |
| Dívida de Longo Prazo | $5.30B | $5.24B | $4.27B | $3.23B | $4.05B | $3.60B | $2.87B | $2.71B | $2.81B | $4.02B |
| Passivos Totais | $13.09B | $10.44B | $9.62B | $9.24B | $8.93B | $8.77B | $7.97B | $7.24B | $7.06B | $9.15B |
| Reservas | $5.65B | $4.86B | $5.07B | $6.31B | $6.28B | $5.63B | $5.14B | $4.98B | $3.51B | $2.44B |
| Patrimônio Líquido | $5.02B | $5.47B | $5.22B | $5.80B | $5.81B | $4.44B | $3.56B | $2.75B | $1.29B | $658.0M |
| Dívida Total | $6.32B | $5.52B | $5.23B | $4.64B | $4.79B | $4.54B | $3.96B | $3.46B | $3.59B | $4.25B |
| Dívida Líquida | $4.09B | $4.22B | $4.15B | $1.90B | $2.16B | $2.70B | $2.91B | $2.94B | $3.01B | $3.73B |
| Capital de Giro | $2.34B | $2.49B | $1.44B | $2.71B | $3.31B | $1.87B | $777.0M | $398.0M | $316.0M | $379.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $479.0M | $512.0M | $615.0M | $495.0M |
| Ativos Totais | $10.07B | $9.82B | $9.90B | $9.72B |
| Passivos Totais | $9.47B | $9.15B | $9.37B | $9.17B |
| Patrimônio Líquido | $579.0M | $658.0M | $513.0M | $544.0M |
| Dívida Total | $4.41B | $4.25B | $4.45B | $4.22B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $627.0M | $204.0M | $374.0M | $651.0M | $192.0M | -$455.0M | -$322.0M | $1.0M | -$1.32B | -$1.03B |
| Depreciação e Amortização | $563.0M | $527.0M | $526.0M | $430.0M | $368.0M | $327.0M | $270.0M | $251.0M | $274.0M | $331.0M |
| Compensação em Ações | $50.0M | $52.0M | $57.0M | $50.0M | $42.0M | $54.0M | $75.0M | $54.0M | $52.0M | 0 |
| Variação Capital de Giro | -$595.0M | -$242.0M | $95.0M | $53.0M | -$170.0M | $316.0M | -$145.0M | $252.0M | $278.0M | $953.0M |
| Fluxo de Caixa Operacional | $1.02B | $34.0M | $1.14B | $1.33B | $548.0M | $629.0M | $159.0M | $686.0M | $511.0M | $350.0M |
| CapEx | -$138.0M | -$105.0M | -$90.0M | -$65.0M | -$74.0M | -$68.0M | -$57.0M | -$37.0M | -$44.0M | -$91.0M |
| Aquisições | -$30.0M | -$67.0M | $59.0M | -$21.0M | -$173.0M | -$9.0M | -$6.0M | $36.0M | -$126.0M | -$674.0M |
| Recompra de Ações | -$1.0M | -$15.0M | -$700.0M | -$600.0M | -$300.0M | -$888.0M | -$113.0M | -$544.0M | -$8.0M | 0 |
| Dividendos Pagos | -$331.0M | -$291.0M | -$269.0M | -$243.0M | -$230.0M | -$206.0M | -$174.0M | -$165.0M | -$141.0M | -$71.0M |
| Fluxo de Caixa Livre | $880.0M | -$71.0M | $1.05B | $1.27B | $474.0M | $561.0M | $102.0M | $649.0M | $467.0M | $259.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $159.0M | $334.0M | -$144.0M | $37.0M |
| CapEx | -$28.0M | -$24.0M | -$21.0M | -$26.0M |
| Fluxo de Caixa Livre | $131.0M | $310.0M | -$165.0M | $11.0M |
| Dividendos Pagos | -$7.0M | -$6.0M | -$10.0M | -$6.0M |
| Compensação em Ações | $7.0M | 0 | $9.0M | $9.0M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -4.7% | -4.2% | -7.8% | -22.5% | +0.2% | +1.0% | -3.1% | -9.7% | +12.9% |
| Crescimento Lucro Líquido (anual) | | -68.3% | +85.1% | +78.1% | -70.1% | -337.0% | +29.2% | +100.3% | -132200.0% | +22.1% |
| Crescimento LPA (anual) | | +136.4% | +104.2% | +100.0% | -70.7% | -401.2% | +16.0% | +95.9% | -12228.0% | +23.3% |
| Variação de Ações (anual) | | +0.2% | -1.9% | -11.8% | -4.7% | -13.4% | -14.8% | -4.4% | -16.7% | +1.8% |
| Crescimento FCF (anual) | | -108.1% | +1578.9% | +20.8% | -62.6% | +18.4% | -81.8% | +536.3% | -28.0% | -44.5% |
| Margem Bruta | 39.6% | 39.6% | 39.9% | 40.3% | 34.8% | 34.1% | 32.6% | 33.6% | 31.5% | 27.1% |
| Margem Operacional | 9.6% | 9.1% | 11.1% | 15.3% | 4.3% | 4.5% | 3.0% | 5.1% | 2.6% | -0.8% |
| Margem EBITDA | 12.2% | 11.8% | 12.6% | 15.1% | 10.2% | -0.7% | 0.5% | 4.2% | -13.2% | 1.3% |
| Margem Líquida | 5.7% | 1.9% | 3.7% | 7.1% | 2.7% | -6.5% | -4.5% | 0.0% | -21.2% | -14.7% |
| Margem FCF | 8.2% | -0.7% | 10.7% | 14.0% | 6.8% | 8.0% | 1.4% | 9.4% | 7.5% | 3.7% |
| Taxa Efetiva de Imposto | -10.9% | 84.4% | 43.0% | 21.8% | 25.0% | 3.6% | 0.9% | 103.6% | -8.6% | -110.9% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $3.44 | $-0.28 | $4.17 | $5.71 | $2.24 | $3.06 | $0.65 | $4.35 | $3.76 | $2.05 |
| Dividendo por Ação | $1.29 | $1.13 | $1.07 | $1.09 | $1.09 | $1.12 | $1.12 | $1.11 | $1.14 | $0.56 |
| Ações em Circulação (Básicas) | $253.4M | $254.3M | $248.7M | $222.0M | $209.0M | $183.2M | $156.0M | $149.1M | $124.2M | $126.5M |
O que olhar em Industriais
Aeroespacial, defesa, maquinaria, transporte. Semi-cíclicos. Chave: backlog, margens operacionais e conversão de FCF.
- Crescimento receita 5 anos — Sem crescimento, não há criação de valor a longo prazo
- Margem operacional — O melhor indicador de disciplina operacional em industriais
- ROIC — Industriais de qualidade têm ROIC >15% — os outros destroem capital
- Conversão FCF — FCF / Net Income — em industriais bom >85%
- Dívida líquida / EBITDA — Industriais cíclicos com dívida alta sofrem muito em recessão
- Capex / Receita — Manter a maquinaria. <4% = possível subinvestimento (deterioração futura)
- Altman Z-Score — Modelo de falência (NYU 1968) — combina liquidez, alavancagem e rentabilidade. Chave em cíclicas
Rentabilidade
| Retorno sobre patrimônio | -161.29% |
| Retorno sobre capital investido | -0.58% |
| Retorno sobre ativos | -9.51% |
| Margem bruta | 27.91% |
| Margem operacional | -0.50% |
| Margem líquida | -11.92% |
Saúde financeira
| Dívida / Patrimônio | 7.76 |
| Liquidez corrente | 1.18 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -11.79 | 41.06 | 13.63 | 12.71 | 27.28 | -8.84 | -6.79 | -210.21 | -0.78 | -0.29 |
| P/VP | 1.16 | 1.36 | 0.94 | 1.41 | 0.83 | 0.93 | 0.64 | 0.99 | 0.81 | 0.46 |
| P/V | 0.54 | 0.72 | 0.50 | 0.90 | 0.69 | 0.59 | 0.32 | 0.40 | 0.17 | 0.04 |
| Margem Bruta | 39.6% | 39.6% | 39.9% | 40.3% | 34.8% | 34.1% | 32.6% | 33.6% | 31.5% | 27.1% |
| Margem Operacional | 9.6% | 9.1% | 11.1% | 15.3% | 4.3% | 4.5% | 3.0% | 5.1% | 2.6% | -0.8% |
| Margem Líquida | 5.7% | 1.9% | 3.7% | 7.1% | 2.7% | -6.5% | -4.5% | 0.0% | -21.2% | -14.7% |