Corporacion America Airports S.a. key statistics and ratios

In fiscal 2025, Corporacion America Airports S.a. had return on equity of 16.8%, an operating margin of 24.9%, debt equal to 69.0% of equity and a current ratio of 1.35. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Corporacion America Airports S.a.: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	36.0%	37.1%	34.6%	31.9%	27.0%	−7.6%	12.0%	30.2%	34.7%	32.9%	35.2%
Operating margin	23.0%	24.3%	23.4%	21.0%	14.3%	−27.0%	0.9%	22.1%	38.6%	24.3%	24.9%
Net margin	8.9%	2.5%	4.0%	0.5%	0.6%	−41.7%	−16.7%	12.2%	17.1%	15.3%	12.6%
Free-cash-flow margin	—	—	−3.9%	12.7%	−2.4%	−1.3%	14.2%	21.3%	24.8%	21.3%	22.9%
Return on equity	22.8%	7.4%	13.9%	1.2%	1.2%	−40.4%	−24.6%	28.4%	33.2%	27.0%	16.8%
Return on assets	3.2%	1.0%	1.7%	0.2%	0.2%	−6.9%	−3.4%	4.5%	6.5%	7.3%	5.7%
Asset turnover	0.36	0.40	0.42	0.37	0.40	0.17	0.20	0.37	0.38	0.48	0.45
Current ratio	0.82	0.77	0.79	1.18	0.90	0.94	0.74	0.96	1.09	1.27	1.35
Debt to equity	235.0%	246.5%	321.9%	146.7%	158.2%	274.8%	306.5%	204.6%	183.9%	84.6%	69.0%
Interest cover (operating income ÷ interest)	—	2.8x	3.2x	3.1x	2.4x	n/m	0.1x	1.9x	5.7x	4.2x	5.4x
Effective tax rate	87.7%	59.3%	41.2%	—	—	—	—	13.1%	−12.0%	49.3%	22.5%
Capital spending as % of revenue	0.7%	0.8%	0.7%	0.8%	1.1%	1.5%	1.1%	0.7%	0.7%	0.7%	0.9%
Free cash flow ÷ net income	—	—	−96.0%	>999%	−404.8%	—	—	174.6%	144.8%	139.1%	181.1%
Dividends and buybacks ÷ free cash flow	—	—	—	—	—	—	—	58.6%	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · December 31, 2025

What it owns · $4.4bn

Short-term assets $985mLonger-term assets $3.5bn

What it owes, and who funded it · $4.4bn

Short-term liabilities $729mLonger-term liabilities $2.1bnShareholders' equity $1.6bn

Short-term assets cover short-term liabilities $985m of assets due within a year against $729m of liabilities due within a year.
Short-term assets cover long-term liabilities $985m short-term assets against $2.1bn of longer-dated liabilities.
More cash than debt $593m of cash against $1.1bn of debt.
Debt below 40% of shareholders' equity Debt is 69% of equity.
Debt burden no higher than five years ago Debt to equity moved from 231% to 69% over five years.
A year's operating cash flow covers at least 20% of debt $465m of operating cash flow against $1.1bn of debt.
Operating profit covers interest at least five times over Operating income of $488m against $91m of interest.

From Corporacion America Airports S.a.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CAAP vs FWRD CAAP vs RLGT CAAP vs RXO

More: Air Freight & Logistics stocks compared, Industrials sector, rankings of US companies

Figures from Corporacion America Airports S.a.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Corporacion America Airports S.a.