Corporacion America Airports (CAAP) financial statements
Corporacion America Airports reported revenue of $2.0B in fiscal 2025, up 4.1% a year over 9 years.
Net income was $248M and the operating margin 24.9%, against 24.3% in 2016.
Free cash flow was $447M.
The diluted share count rose 10% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Corporacion America Airports's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.6B | $1.4B | $1.6B | $607M | $707M | $1.4B | $1.4B | $1.8B | $2.0B |
| Cost of revenue | $859M | $1.0B | $971M | $1.1B | $654M | $622M | $963M | $915M | $1.2B | $1.3B |
| Gross profit | $507M | $545M | $455M | $420M | -$46M | $85M | $416M | $485M | $606M | $690M |
| Selling, general and admin | $171M | $194M | $172M | $168M | $102M | $102M | $141M | $139M | $198M | $220M |
| Operating income | $332M | $369M | $299M | $224M | -$164M | $6M | $305M | $541M | $447M | $488M |
| Interest expense | $118M | $115M | $96M | $93M | $99M | $126M | $164M | $95M | $107M | $91M |
| Pre-tax income | $95M | $114M | $4M | $15M | -$372M | -$91M | $191M | $202M | $607M | $333M |
| Income tax | $56M | $47M | $14M | $17M | -$14M | $69M | $25M | -$24M | $299M | $75M |
| Net income | $34M | $63M | $7M | $9M | -$253M | -$118M | $168M | $240M | $283M | $248M |
| EPS (diluted) | $0.23 | $0.43 | $0.04 | $0.06 | -$1.58 | -$0.73 | $1.05 | $1.49 | $1.75 | $1.52 |
| Diluted shares | 148M | 148M | 159M | 160M | 160M | 160M | 161M | 161M | 161M | 162M |
| Gross margin | 37.1% | 34.6% | 31.9% | 27.0% | -7.6% | 12.0% | 30.2% | 34.7% | 32.9% | 35.2% |
| Operating margin | 24.3% | 23.4% | 21.0% | 14.3% | -27.0% | 0.9% | 22.1% | 38.6% | 24.3% | 24.9% |
| Net margin | 2.5% | 4.0% | 0.5% | 0.6% | -41.7% | -16.7% | 12.2% | 17.1% | 15.3% | 12.6% |
Balance sheet
Fiscal years, from Corporacion America Airports's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $182M | $222M | $245M | $376M | $281M | $376M | $385M | $370M | $440M | $593M |
| Receivables | $110M | $122M | $117M | $105M | $59M | $83M | $111M | $127M | $158M | $178M |
| Inventory | — | — | — | — | — | $12M | $16M | $16M | $11M | $15M |
| Total current assets | $507M | $579M | $533M | $508M | $520M | $626M | $647M | $750M | $766M | $985M |
| Property, plant and equipment | $66M | $74M | $74M | $80M | $81M | $75M | $75M | $75M | $78M | $86M |
| Goodwill | — | $51M | — | $50M | — | — | — | — | — | — |
| Total assets | $3.6B | $3.8B | $3.8B | $3.9B | $3.4B | $3.6B | $3.8B | $3.5B | $4.2B | $4.4B |
| Total current liabilities | $663M | $732M | $451M | $562M | $553M | $842M | $676M | $686M | $604M | $729M |
| Long-term debt | $966M | $1.1B | $1.0B | $1.0B | $1.1B | $1.0B | $1.3B | $1.1B | $1.0B | $956M |
| Total liabilities | $2.8B | $3.0B | $2.6B | $2.7B | $2.6B | $2.8B | $3.0B | $2.7B | $2.7B | $2.8B |
| Shareholders' equity | $449M | $462M | $768M | $764M | $489M | $470M | $716M | $725M | $1.4B | $1.6B |
| Net debt | $925M | $1.3B | $882M | $833M | $1.1B | $1.1B | $1.1B | $963M | $718M | $502M |
Cash flow
Fiscal years, from Corporacion America Airports's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$49M | $192M | -$20M | $838,000 | $108M | $303M | $356M | $405M | $465M |
| Capital spending | $11M | $13M | $12M | $18M | $10M | $9M | $10M | $11M | $14M | $19M |
| Free cash flow | — | -$63M | $179M | -$38M | -$9M | $99M | $293M | $346M | $392M | $447M |
| Stock-based compensation | — | — | — | — | $2M | $1M | $667,000 | $1M | $1M | $1M |
| Dividends paid | $50M | $24M | $15M | $22M | — | — | — | — | — | — |
| Share buybacks (net) | — | — | — | — | -$6M | — | -$172M | — | — | — |
| Net borrowing | -$91M | $344M | -$323M | $107M | $153M | $100M | $43M | -$113M | -$124M | -$97M |
| Free cash flow margin | — | -4.0% | 12.6% | -2.4% | -1.4% | 14.1% | 21.2% | 24.7% | 21.2% | 22.8% |
| Dividends per share | $0.34 | $0.16 | $0.09 | $0.14 | — | — | — | — | — | — |
Questions
What was Corporacion America Airports's revenue in 2025?
$2.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Corporacion America Airports generate?
$447M in fiscal 2025 (operating cash flow minus capital spending).
From Corporacion America Airports's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.