Stocks · Industrials · Airports, Flying Fields & Airport Terminal Services

CORPORACION AMERICA AIRPORTS S.A.

CAAP Clue Score74
Luxembourg Fiscal year ends December CIK 0001717393
$24.54 +0.57% Close, 9 Oct 2026
Price $24.54 +321.65% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 1 Feb 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,366.3Operating income331.8Net income33.8Fiscal year 2017Revenue1,575.2 +15.3%Operating income369.1Net income63.5 +88.1%Fiscal year 2018Revenue1,426.1 −9.5%Operating income299.0Net income7.1 −88.8%Fiscal year 2019Revenue1,558.6 +9.3%Operating income223.6Net income9.1 +27.7%Fiscal year 2020Revenue607.4 −61.0%Operating income−163.7Net income−253.1 −2,881.1%EPS, diluted−1.58Fiscal year 2021Revenue706.9 +16.4%Operating income6.5Net income−117.8EPS, diluted−0.73Fiscal year 2022Revenue1,378.7 +95.0%Operating income304.6Net income168.2EPS, diluted1.05Fiscal year 2023Revenue1,400.0 +1.6%Operating income540.6Net income239.5 +42.4%EPS, diluted1.49 +41.9%Fiscal year 2024Revenue1,843.3 +31.7%Operating income447.3Net income282.7 +18.0%EPS, diluted1.75 +17.4%Fiscal year 2025Revenue1,962.1 +6.4%Operating income488.3Net income247.7 −12.4%EPS, diluted1.52 −13.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,366.3 1,575.2 1,426.1 1,558.6 607.4 706.9 1,378.7 1,400.0 1,843.3 1,962.1
Growth +15.3% −9.5% +9.3% −61.0% +16.4% +95.0% +1.6% +31.7% +6.4%
Operating income 331.8 369.1 299.0 223.6 −163.7 6.5 304.6 540.6 447.3 488.3
Net income 33.8 63.5 7.1 9.1 −253.1 −117.8 168.2 239.5 282.7 247.7
Growth +88.1% −88.8% +27.7% −2,881.1% +42.4% +18.0% −12.4%
EPS, diluted n/a n/a n/a n/a −1.58 −0.73 1.05 1.49 1.75 1.52
Growth +41.9% +17.4% −13.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin37.1%Operating margin24.3%Net margin2.5%Fiscal year 2017Gross margin34.6%Operating margin23.4%Net margin4.0%Free cash flow margin−3.9%Fiscal year 2018Gross margin31.9%Operating margin21.0%Net margin0.5%Free cash flow margin12.7%Fiscal year 2019Gross margin27.0%Operating margin14.3%Net margin0.6%Free cash flow margin−2.4%Fiscal year 2020Gross margin−7.6%Operating margin−27.0%Net margin−41.7%Free cash flow margin−1.3%Fiscal year 2021Gross margin12.0%Operating margin0.9%Net margin−16.7%Free cash flow margin14.2%Fiscal year 2022Gross margin30.2%Operating margin22.1%Net margin12.2%Free cash flow margin21.3%Fiscal year 2023Gross margin34.7%Operating margin38.6%Net margin17.1%Free cash flow margin24.8%Fiscal year 2024Gross margin32.9%Operating margin24.3%Net margin15.3%Free cash flow margin21.3%Fiscal year 2025Gross margin35.2%Operating margin24.9%Net margin12.6%Free cash flow margin22.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
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%
Free cash flow margin n/a −3.9% 12.7% −2.4% −1.3% 14.2% 21.3% 24.8% 21.3% 22.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Capital expenditure−10.4Fiscal year 2017Operating cash flow−49.4Capital expenditure−11.5Free cash flow−60.9Fiscal year 2018Operating cash flow191.7Capital expenditure−11.1Free cash flow180.5Fiscal year 2019Operating cash flow−19.7Capital expenditure−17.1Free cash flow−36.8 −120.4%Fiscal year 2020Operating cash flow0.8Capital expenditure−9.0Free cash flow−8.1Fiscal year 2021Operating cash flow108.0Capital expenditure−7.7Free cash flow100.3Fiscal year 2022Operating cash flow302.6Capital expenditure−9.1Free cash flow293.5 +192.7%Buybacks−172.0Fiscal year 2023Operating cash flow356.4Capital expenditure−9.7Free cash flow346.8 +18.1%Fiscal year 2024Operating cash flow405.3Capital expenditure−12.2Free cash flow393.1 +13.4%Fiscal year 2025Operating cash flow465.2Capital expenditure−16.7Free cash flow448.5 +14.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow n/a −49.4 191.7 −19.7 0.8 108.0 302.6 356.4 405.3 465.2
Capital expenditure −10.4 −11.5 −11.1 −17.1 −9.0 −7.7 −9.1 −9.7 −12.2 −16.7
Free cash flow n/a −60.9 180.5 −36.8 −8.1 100.3 293.5 346.8 393.1 448.5
Growth −120.4% +192.7% +18.1% +13.4% +14.1%
Buybacks n/a n/a n/a n/a n/a n/a −172.0 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash182.1Total debt965.7Net cash (debt)−783.6Shareholders’ equity449.2Debt to equity2.15Fiscal year 2017Cash221.6Total debt1,113.7Net cash (debt)−892.1Shareholders’ equity461.8Debt to equity2.41Fiscal year 2018Cash244.9Total debt1,027.8Net cash (debt)−782.9Shareholders’ equity768.2Debt to equity1.34Fiscal year 2019Cash375.8Total debt1,033.2Net cash (debt)−657.4Shareholders’ equity763.9Debt to equity1.35Fiscal year 2020Cash281.0Total debt1,128.4Net cash (debt)−847.4Shareholders’ equity489.4Debt to equity2.31Fiscal year 2021Cash375.8Total debt1,018.3Net cash (debt)−642.6Shareholders’ equity469.7Debt to equity2.17Fiscal year 2022Cash385.3Total debt1,307.4Net cash (debt)−922.2Shareholders’ equity716.1Debt to equity1.83Fiscal year 2023Cash369.8Total debt1,133.5Net cash (debt)−763.7Shareholders’ equity725.0Debt to equity1.56Fiscal year 2024Cash439.8Total debt1,042.7Net cash (debt)−602.9Shareholders’ equity1,369.3Debt to equity0.76Fiscal year 2025Cash592.8Total debt955.9Net cash (debt)−363.1Shareholders’ equity1,586.6Debt to equity0.60
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 182.1 221.6 244.9 375.8 281.0 375.8 385.3 369.8 439.8 592.8
Total debt 965.7 1,113.7 1,027.8 1,033.2 1,128.4 1,018.3 1,307.4 1,133.5 1,042.7 955.9
Net cash (debt) −783.6 −892.1 −782.9 −657.4 −847.4 −642.6 −922.2 −763.7 −602.9 −363.1
Shareholders’ equity 449.2 461.8 768.2 763.9 489.4 469.7 716.1 725.0 1,369.3 1,586.6
Debt to equity 2.15 2.41 1.34 1.35 2.31 2.17 1.83 1.56 0.76 0.60

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
37.1% 34.6% 31.9% 27.0% −7.6% 12.0% 30.2% 34.7% 32.9% 35.2%
24.3% 23.4% 21.0% 14.3% −27.0% 0.9% 22.1% 38.6% 24.3% 24.9%
7.0% 7.2% 0.2% 1.0% −61.2% −12.8% 13.8% 14.4% 32.9% 17.0%
2.5% 4.0% 0.5% 0.6% −41.7% −16.7% 12.2% 17.1% 15.3% 12.6%
n/a −3.9% 12.7% −2.4% −1.3% 14.2% 21.3% 24.8% 21.3% 22.9%
Spending
12.5% 12.3% 12.1% 10.8% 16.8% 14.4% 10.3% 9.9% 10.7% 11.2%
0.8% 0.7% 0.8% 1.1% 1.5% 1.1% 0.7% 0.7% 0.7% 0.9%
59.3% 41.2% 402.7% 112.4% n/a n/a 13.1% −12.0% 49.3% 22.5%
Returns
7.5% 13.7% 0.9% 1.2% −51.7% −25.1% 23.5% 33.0% 20.6% 15.6%
0.9% 1.7% 0.2% 0.2% −7.4% −3.3% 4.4% 6.8% 6.8% 5.6%
Balance and payout
2.15 2.41 1.34 1.35 2.31 2.17 1.83 1.56 0.76 0.60
77.9% 79.0% 68.2% 69.1% 76.4% 78.6% 77.5% 77.3% 63.7% 62.7%
n/a n/a n/a n/a n/a n/a 58.6% n/a n/a n/a