CAAPNYSEAirports, Flying Fields & Airport Terminal ServicesFiscal year ends December 31
CORPORACION AMERICA AIRPORTS S.A.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 17, 2026
$24.92−0.17 (-0.68%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 16.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
35.2%+42.8 pts over 5 years
Operating margin
24.9%+51.8 pts over 5 years
Net margin
12.6%+54.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.4% | +12.5% | +26.4% | +5.2% | |
| Gross profit | +13.8% | +18.4% | – | +4.9% | |
| Operating income | +9.2% | +17.0% | – | +6.0% | |
| Net income | -12.4% | +13.8% | – | +8.9% | |
| EPS, diluted | -13.1% | +13.1% | – | +7.9% | |
| Free cash flow | +14.1% | +15.2% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.4% | -40.4% | 16.8% | |
| Return on assets | 1.0% | -6.9% | 5.7% | |
| Current ratio | 0.77 | 0.94 | 1.35 | |
| Debt to equity | 2.47 | 2.75 | 0.69 | |
| Net debt to EBITDA | 2.03× | 28.68× | 0.70× | |
| Interest coverage | 1.2× | -0.8× | 2.0× | |
| Inventory turnover | – | – | 97.3× | |
| Capex to revenue | 0.8% | 1.5% | 0.9% | |
| Diluted shares | 148M | 160M | 162M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Corporacion America Airports generated $1.64B from operations and spent $227.37M on capital expenditure, dividends and share buybacks. 24% of that went back into the business.
Generated
$1.64B
Used
$227.37M
Capital expenditure$55.34M24%Dividends$00%Share buybacks$172.03M76%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.6%
×Asset turnover0.45×
×Equity multiplier2.92×
=Return on equity, FY202516.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.6% | 0.45× | 2.92× | 16.8% |
| FY2024 | 15.3% | 0.48× | 3.69× | 27.0% |
| FY2023 | 17.1% | 0.38× | 5.12× | 33.2% |
| FY2022 | 12.2% | 0.37× | 6.29× | 28.4% |
| FY2021 | -16.7% | 0.20× | 7.33× | -24.6% |
| FY2020 | -41.7% | 0.17× | 5.81× | -40.4% |
| FY2019 | 0.6% | 0.40× | 5.04× | 1.2% |
| FY2018 | 0.5% | 0.37× | 6.22× | 1.2% |
| FY2017 | 4.0% | 0.42× | 8.15× | 13.9% |
| FY2016 | 2.5% | 0.40× | 7.57× | 7.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$247.72M
- Cash generatingOperating cash flow above zero$465.22M
- Return on assets improvedROA up on the prior year8.0% → 5.9%
- Earnings backed by cashOperating cash flow above net income$465.22M vs $247.72M
- Less leverageLong-term debt to assets fell24.9% → 21.5%
- Better liquidityCurrent ratio rose1.27 → 1.35
- No dilutionShare count did not rise161M → 162M
- Gross margin improvedGross margin up on the prior year32.87% → 35.15%
- More efficientAsset turnover rose0.52 → 0.47