NYSE : CAAP
Corporación América Airports S.A. — Financial statements
Industrials · Airports & Air Services · Luxembourg
Last price 23.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.88B
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Financial statements
Corporación América Airports S.A. (CAAP) reported revenue of 2.12B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.12B | 1.96B | 1.84B | 1.40B | 1.38B | 706.91M |
| Cost of Revenue | 1.39B | 1.27B | 1.23B | 914.45M | 961.37M | 620.36M |
| Gross Profit | 730.75M | 688.14M | 608.86M | 485.59M | 417.30M | 86.56M |
| Selling, General & Admin | 167.47M | 149.64M | 132.24M | 99.53M | 94.21M | 76.40M |
| Other Operating Expenses | 48.69M | 50.60M | 45.77M | -30.23M | 32.53M | 36.69M |
| Operating Expenses | 216.16M | 200.25M | 178.00M | 69.30M | 126.74M | 113.09M |
| Operating Income | 514.58M | 487.90M | 430.86M | 416.29M | 290.55M | -26.54M |
| Interest Expense | -89.96M | -90.83M | -107.46M | -95.19M | -164.29M | -125.53M |
| Interest & Investment Income | 47.01M | 40.36M | 56.37M | 52.68M | 43.92M | 17.64M |
| Earnings From Equity Investments | 30.24M | 31.08M | -996.00K | 7.11M | -970.00K | -629.00K |
| Currency Exchange Gain (Loss) | 1.01M | -44.56M | 317.04M | -164.03M | 90.60M | 113.61M |
| Other Non Operating Income (Expenses) | -107.83M | -91.66M | -105.47M | -138.99M | -83.32M | -102.22M |
| EBT Excluding Unusual Items | 395.06M | 332.30M | 590.34M | 77.88M | 176.50M | -123.66M |
| Asset Writedown | -335.00K | -335.00K | 102.84M | -111.00K | -371.00K | |
| Other Unusual Items | 720.00K | 720.00K | 16.39M | 21.51M | 14.13M | 33.37M |
| Pretax Income | 395.44M | 332.68M | 606.73M | 202.23M | 190.52M | -90.67M |
| Income Tax Expense | 89.89M | 74.96M | 298.82M | -24.24M | 24.88M | 69.11M |
| Earnings From Continuing Operations | 305.55M | 257.72M | 307.91M | 226.47M | 165.63M | -159.78M |
| Earnings From Discontinued Operations | -21.20M | |||||
| Net Income to Company | 305.55M | 257.72M | 307.91M | 226.47M | 165.63M | -180.98M |
| Minority Interest in Earnings | -16.80M | -9.99M | -25.24M | 13.04M | 2.53M | 63.22M |
| Net Income | 288.75M | 247.72M | 282.67M | 239.51M | 168.17M | -117.75M |
| Net Income to Common | 288.75M | 247.72M | 282.67M | 239.51M | 168.17M | -117.75M |
| Shares Outstanding (Basic) | 163.79M | 162.29M | 161.01M | 160.89M | 160.75M | 160.50M |
| Shares Outstanding (Diluted) | 163.95M | 162.45M | 161.19M | 161.06M | 160.79M | 160.50M |
| EPS (Basic) | 1.76 | 1.53 | 1.76 | 1.49 | 1.05 | -0.73 |
| EPS (Diluted) | 1.76 | 1.52 | 1.75 | 1.49 | 1.05 | -0.73 |
| Free Cash Flow | 457.07M | 448.51M | 393.08M | 346.75M | 278.84M | 97.80M |
| Free Cash Flow Per Share | 2.79 | 2.76 | 2.44 | 2.15 | 1.73 | 0.61 |
| Gross Margin | 34.43% | 35.07% | 33.03% | 34.68% | 30.27% | 12.24% |
| Operating Margin | 24.24% | 24.87% | 23.38% | 29.73% | 21.07% | -3.75% |
| Profit Margin | 13.60% | 12.62% | 15.33% | 17.11% | 12.20% | -16.66% |
| Free Cash Flow Margin | 21.54% | 22.86% | 21.32% | 24.77% | 20.23% | 13.84% |
| EBITDA | 751.56M | 713.07M | 630.52M | 564.68M | 458.46M | 129.94M |
| EBITDA Margin | 35.41% | 36.34% | 34.21% | 40.33% | 33.25% | 18.38% |
| D&A For EBITDA | 236.98M | 225.18M | 199.66M | 148.39M | 167.90M | 156.48M |
| EBIT | 514.58M | 487.90M | 430.86M | 416.29M | 290.55M | -26.54M |
| EBIT Margin | 24.24% | 24.87% | 23.38% | 29.73% | 21.07% | -3.75% |
| Effective Tax Rate | 22.73% | 22.53% | 49.25% | 13.06% | ||
| Advertising Expenses | 6.42M | 6.50M | 1.55M | 1.65M | 912.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 692.48M | 592.76M | 439.85M | 369.85M | 385.26M | 375.78M |
| Short-Term Investments | 159.69M | 119.63M | 82.92M | 83.14M | 53.91M | 46.80M |
| Trading Asset Securities | 8.62M | 2.45M | 3.13M | 4.88M | 12.79M | 28.50M |
| Cash & Short-Term Investments | 860.79M | 714.84M | 525.90M | 457.87M | 451.96M | 451.08M |
| Accounts Receivable | 186.41M | 177.74M | 157.55M | 126.56M | 111.09M | 82.71M |
| Other Receivables | 71.47M | 59.89M | 57.40M | 108.86M | 54.20M | 68.53M |
| Receivables | 257.88M | 237.63M | 214.95M | 235.42M | 165.29M | 151.24M |
| Inventory | 19.15M | 14.73M | 11.41M | 16.15M | 15.77M | 11.52M |
| Prepaid Expenses | 10.23M | 6.12M | 4.66M | 4.85M | 3.85M | |
| Other Current Assets | 137.00K | 7.61M | 7.14M | 35.81M | 9.61M | 8.62M |
| Total Current Assets | 1.14B | 985.04M | 765.51M | 749.91M | 647.47M | 626.32M |
| Property, Plant & Equipment | 99.58M | 95.05M | 87.72M | 85.41M | 83.93M | 88.38M |
| Long-Term Investments | 128.28M | 157.65M | 100.60M | 79.06M | 8.84M | 21.54M |
| Goodwill | 9.64M | 9.92M | 8.79M | 9.29M | 9.00M | 9.54M |
| Other Intangible Assets | 3.41B | 3.13B | 3.15B | 2.51B | 2.95B | 2.73B |
| Long-Term Accounts Receivable | 2.00K | 11.00K | 18.00K | 889.00K | 1.58M | 184.00K |
| Long-Term Deferred Tax Assets | 15.22M | 12.64M | 13.37M | 62.71M | 54.88M | 68.87M |
| Other Long-Term Assets | 72.67M | 60.30M | 58.77M | 43.03M | 79.09M | 72.37M |
| Total Assets | 4.87B | 4.45B | 4.18B | 3.54B | 3.84B | 3.62B |
| Accounts Payable | 129.51M | 131.16M | 120.76M | 112.77M | 124.10M | 116.24M |
| Accrued Expenses | 384.75M | 388.90M | 295.24M | 295.51M | 298.21M | 224.50M |
| Current Portion of Long-Term Debt | 147.41M | 139.36M | 115.37M | 199.69M | 178.02M | 421.27M |
| Current Portion of Leases | 4.70M | 4.33M | 3.71M | 3.69M | 3.28M | 3.77M |
| Current Income Taxes Payable | 25.47M | 23.79M | 15.31M | 23.92M | 13.79M | 16.19M |
| Other Current Liabilities | 62.03M | 40.98M | 53.35M | 50.35M | 58.92M | 60.32M |
| Total Current Liabilities | 753.87M | 728.51M | 603.73M | 685.93M | 676.32M | 842.29M |
| Long-Term Debt | 926.09M | 955.86M | 1.04B | 1.13B | 1.29B | 1.02B |
| Long-Term Leases | 12.20M | 5.41M | 7.01M | 10.29M | 5.53M | 8.48M |
| Pension & Post-Retirement Benefits | 4.20M | 4.18M | 3.88M | 4.38M | 4.38M | 7.99M |
| Long-Term Deferred Tax Liabilities | 461.40M | 400.58M | 383.37M | 137.31M | 232.46M | 227.42M |
| Other Long-Term Liabilities | 776.86M | 693.39M | 622.79M | 766.60M | 767.31M | 742.50M |
| Total Liabilities | 2.93B | 2.79B | 2.66B | 2.74B | 2.97B | 2.85B |
| Common Stock | 165.22M | 165.22M | 163.22M | 163.22M | 163.22M | 163.22M |
| Additional Paid-In Capital | 221.43M | 221.43M | 183.43M | 183.43M | 183.43M | 183.43M |
| Retained Earnings | 1.49B | 1.35B | 1.10B | 821.36M | 581.18M | 412.68M |
| Treasury Stock | -3.63M | -3.92M | -4.09M | -4.32M | -4.60M | -4.77M |
| Comprehensive Income & Other | -3.88M | -149.72M | -78.12M | -438.71M | -207.14M | -284.83M |
| Total Common Equity | 1.87B | 1.59B | 1.37B | 724.98M | 716.10M | 469.73M |
| Minority Interest | 71.20M | 74.17M | 148.69M | 78.93M | 146.27M | 303.88M |
| Shareholders' Equity | 1.94B | 1.66B | 1.52B | 803.91M | 862.37M | 773.61M |
| Total Liabilities & Equity | 4.87B | 4.45B | 4.18B | 3.54B | 3.84B | 3.62B |
| Total Debt | 1.09B | 1.10B | 1.17B | 1.35B | 1.47B | 1.45B |
| Net Cash (Debt) | -229.59M | -390.11M | -642.89M | -889.34M | -1.02B | -1.00B |
| Net Cash Per Share | -1.40 | -2.40 | -3.99 | -5.52 | -6.36 | -6.24 |
| Filing Date Shares Outstanding | 163.33M | 163.18M | 161.09M | 160.97M | 160.83M | 160.74M |
| Total Common Shares Outstanding | 163.33M | 163.18M | 161.09M | 160.97M | 160.83M | 160.74M |
| Working Capital | 384.10M | 256.53M | 161.78M | 63.98M | -28.85M | -215.97M |
| Book Value Per Share | 11.42 | 9.72 | 8.50 | 4.50 | 4.45 | 2.92 |
| Tangible Book Value | -1.55B | -1.55B | -1.79B | -1.80B | -2.24B | -2.27B |
| Tangible Book Value Per Share | -9.50 | -9.51 | -11.09 | -11.16 | -13.95 | -14.14 |
| Land | 63.77M | 57.84M | 59.36M | 56.64M | 56.94M | |
| Machinery | 142.35M | 136.98M | 124.61M | 120.52M | 116.23M | |
| Construction In Progress | 2.24M | 1.19M | 482.00K | 1.05M | 1.18M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 288.75M | 247.72M | 282.67M | 239.51M | 168.17M | -117.75M |
| Depreciation & Amortization | 241.93M | 229.08M | 203.01M | 151.59M | 172.48M | 160.63M |
| Loss (Gain) From Sale of Assets | 1.37M | 641.00K | -170.00K | 592.00K | -3.77M | 139.00K |
| Asset Writedown & Restructuring Costs | 335.00K | 335.00K | -102.84M | 111.00K | 371.00K | |
| Loss (Gain) on Equity Investments | -30.24M | -31.08M | 996.00K | -7.11M | 970.00K | 629.00K |
| Stock-Based Compensation | 5.04M | 1.08M | 1.14M | 1.05M | 667.00K | 1.02M |
| Other Operating Activities | 49.41M | 88.87M | 51.14M | 126.92M | 21.64M | 75.18M |
| Change in Accounts Receivable | -79.60M | -58.97M | -68.85M | -32.43M | -55.06M | -4.50M |
| Change in Inventory | -7.34M | -2.47M | 5.01M | -1.55M | -3.57M | -2.77M |
| Change in Other Net Operating Assets | 4.90M | -9.99M | -69.66M | -19.32M | 989.00K | -4.99M |
| Operating Cash Flow | 474.55M | 465.22M | 405.30M | 356.42M | 287.93M | 105.46M |
| Capital Expenditures | -17.48M | -16.71M | -12.22M | -9.66M | -9.09M | -7.67M |
| Sale of Property, Plant & Equipment | 115.00K | 172.00K | 25.00K | 264.00K | 233.00K | 535.00K |
| Cash Acquisitions | -1.13M | |||||
| Divestitures | 320.00K | 289.00K | -404.00K | -406.00K | ||
| Sale (Purchase) of Intangibles | -2.52M | -2.00M | -1.44M | -1.22M | -732.00K | -851.00K |
| Investment in Securities | -86.58M | -57.49M | -20.30M | -56.41M | 19.12M | 17.35M |
| Other Investing Activities | 35.77M | 3.83M | 1.84M | 626.00K | 263.00K | 1.40M |
| Investing Cash Flow | -70.38M | -71.91M | -32.49M | -66.40M | 9.39M | 9.63M |
| Long-Term Debt Issued | 18.12M | 190.34M | 87.85M | 371.95M | 366.54M | |
| Long-Term Debt Repaid | -119.84M | -318.47M | -203.59M | -333.08M | -271.57M | |
| Lease Payments | -5.83M | -4.75M | -4.40M | -3.12M | -4.31M | -4.73M |
| Net Debt Issued (Repaid) | -87.86M | -101.72M | -128.13M | -115.75M | 38.87M | 94.98M |
| Other Financing Activities | -111.08M | -132.94M | -143.06M | -85.88M | -101.13M | -98.64M |
| Financing Cash Flow | -198.94M | -234.66M | -271.19M | -201.63M | -234.29M | -3.67M |
| Foreign Exchange Rate Adjustments | -9.55M | -5.73M | -31.62M | -103.80M | -53.55M | -16.67M |
| Net Cash Flow | 195.68M | 152.91M | 70.00M | -15.42M | 9.48M | 94.75M |
| Free Cash Flow | 457.07M | 448.51M | 393.08M | 346.75M | 278.84M | 97.80M |
| Free Cash Flow Margin | 21.54% | 22.86% | 21.32% | 24.77% | 20.23% | 13.84% |
| Free Cash Flow Per Share | 2.79 | 2.76 | 2.44 | 2.15 | 1.73 | 0.61 |
| Levered Free Cash Flow | 605.28M | 529.21M | 447.14M | 233.45M | 299.74M | 132.51M |
| Unlevered Free Cash Flow | 661.51M | 585.97M | 514.31M | 292.94M | 402.42M | 210.97M |
| Free Cash Flow After Leases | 451.25M | 443.76M | 388.69M | 343.64M | 274.53M | 93.07M |
| Cash Interest Paid | 75.58M | 83.74M | 96.17M | 83.79M | 111.39M | 86.11M |
| Cash Income Tax Paid | 39.27M | 32.27M | 40.29M | 22.92M | 22.63M | 2.87M |
| Change in Working Capital | -82.04M | -71.43M | -133.49M | -53.30M | -57.64M | -12.26M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.88B | 4.24B | 3.00B | 2.58B | 1.40B | 926.73M |
| Enterprise Value | 4.11B | 4.77B | 3.80B | 3.60B | 2.62B | 2.23B |
| Last Close Price | 23.74 | 25.02 | 17.96 | 15.45 | 8.40 | 5.55 |
| PE Ratio | 13.52 | 17.12 | 10.63 | 10.79 | 8.35 | |
| Forward PE | 9.04 | 11.26 | 10.31 | 14.86 | 21.17 | 13.84 |
| PS Ratio | 1.83 | 2.16 | 1.63 | 1.85 | 1.02 | 1.31 |
| PB Ratio | 2.08 | 2.55 | 1.98 | 3.21 | 1.63 | 1.20 |
| P/FCF Ratio | 8.48 | 9.46 | 7.64 | 7.45 | 5.03 | 9.48 |
| P/OCF Ratio | 8.17 | 9.12 | 7.41 | 7.25 | 4.87 | 8.79 |
| PEG Ratio | 0.53 | 0.68 | 0.47 | 0.47 | 0.47 | 0.47 |
| EV/Sales Ratio | 1.93 | 2.43 | 2.06 | 2.57 | 1.90 | 3.16 |
| EV/EBITDA Ratio | 5.46 | 6.68 | 6.03 | 6.37 | 5.72 | 17.18 |
| EV/EBIT Ratio | 7.98 | 9.77 | 8.82 | 8.64 | 9.03 | |
| EV/FCF Ratio | 8.99 | 10.63 | 9.67 | 10.38 | 9.41 | 22.82 |
| Debt / Equity Ratio | 0.56 | 0.67 | 0.77 | 1.68 | 1.71 | 1.88 |
| Debt / EBITDA Ratio | 1.44 | 1.54 | 1.84 | 2.37 | 3.18 | 10.83 |
| Debt / FCF Ratio | 2.39 | 2.46 | 2.97 | 3.88 | 5.29 | 14.85 |
| Net Debt / Equity Ratio | 0.12 | 0.23 | 0.42 | 1.11 | 1.19 | 1.29 |
| Net Debt / EBITDA Ratio | 0.30 | 0.55 | 1.02 | 1.57 | 2.23 | 7.70 |
| Net Debt / FCF Ratio | 0.50 | 0.87 | 1.64 | 2.56 | 3.67 | 10.23 |
| Asset Turnover | 0.46 | 0.46 | 0.48 | 0.38 | 0.37 | 0.20 |
| Inventory Turnover | 91.90 | 97.46 | 89.59 | 57.31 | 70.47 | 63.51 |
| Quick Ratio | 1.48 | 1.31 | 1.23 | 1.01 | 0.91 | 0.71 |
| Current Ratio | 1.51 | 1.35 | 1.27 | 1.09 | 0.96 | 0.74 |
| Return on Equity (ROE) | 17.42% | 16.21% | 26.52% | 27.18% | 20.25% | -20.24% |
| Return on Assets (ROA) | 6.99% | 7.07% | 6.97% | 7.05% | 4.87% | -0.47% |
| Return on Invested Capital (ROIC) | 18.20% | 17.95% | 11.35% | 23.27% | 13.81% | -1.48% |
| Return on Capital Employed (ROCE) | 12.50% | 13.10% | 12.00% | 14.60% | 9.20% | -1.00% |
| Earnings Yield | 7.40% | 5.84% | 9.41% | 9.27% | 11.98% | -12.71% |
| FCF Yield | 11.79% | 10.57% | 13.09% | 13.42% | 19.87% | 10.55% |
| Buyback Yield / Dilution | -1.42% | -0.78% | -0.08% | -0.16% | -0.18% | -0.30% |