BMA Class B Banco Macro S.A. ADR (representing Ten Class B Common Shares)
NYSE · Banking · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 20, 2026
$64.55
· of 52w range
· above low
· to high
$42.0652w low
$106.1552w high
your badges
52W Range
$42–$106
Analyst Rating
BUY
Price Target
$112
P/E
·
ROE
5.5%
Net Profit Margin
·
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BMA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$64.55
ROE
5.5%
52W Range
$42–$106
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10-Year Performance Revenue, net income, margins and EPS trends
Free Cash Flow$383.25B2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | BMA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | 1.4%5Y avg ≈3.3% | ≈3.3% | · | · | |
| ROE | 5.5%5Y avg ≈12.7% | ≈12.7% | · | · | |
| ROIC | 17.0%5Y avg ≈43.9% | ≈43.9% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | BMA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Interest Coverage | 0.85Y avg ≈1.1 | ≈1.1 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Payout Ratio53.7%
Annualized Payout≈$6.36
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 6, 2026 | $0.53 | USD | ≈3.8% |
| Jun 2, 2026 | $0.53 | USD | ≈3.4% |
| May 18, 2026 | $0.55 | USD | ≈3.4% |
| Apr 20, 2026 | $0.41 | USD | ≈2.3% |
| Mar 20, 2026 | $0.40 | USD | ≈2.3% |
| Feb 19, 2026 | $0.38 | USD | ≈1.2% |
| Jan 22, 2026 | $0.36 | USD | ≈0.77% |
| Jul 18, 2025 | $0.40 | USD | ≈3.4% |
| Aug 16, 2024 | $1.80 | USD | ≈11.2% |
| Jul 22, 2024 | $1.75 | USD | ≈10.2% |
| Jun 17, 2024 | $1.76 | USD | ≈7.4% |
| Jan 5, 2024 | $0.60 | USD | ≈10.8% |
| Sep 20, 2023 | $0.43 | USD | ≈11.2% |
| Aug 17, 2023 | $0.45 | USD | ≈9.8% |
| Aug 4, 2023 | $0.45 | USD | ≈7.2% |
| Jul 19, 2023 | $0.45 | USD | ≈5.5% |
| Jul 17, 2023 | $0.45 | USD | ≈3.5% |
| Dec 23, 2022 | $0.07 | USD | ≈7.6% |
| Nov 23, 2022 | $0.08 | USD | ≈8.5% |
| Oct 21, 2022 | $0.08 | USD | ≈7.0% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-19.5%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $322.48 | $267.73 | 20.4% | |
| March 31, 2026 | $310.38 | $315.84 | -1.7% | |
| Dec. 31, 2025 | $201.13 | $186.77 | 7.7% | |
| Sept. 30, 2025 | $-51.76 | $142.09 | -136.4% | |
| June 30, 2025 | $233.24 | $199.03 | 17.2% | |
| March 31, 2025 | $70.14 | $92.45 | -24.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income | $1.56T | $3.58T | $5.80T | $1.95T | $548.12B | $205.62B | $125.18B | $56.30B | $36.35B | |
| Interest Expense | $1.93T | $2.51T | $4.64T | $2.08T | $572.59B | $178.87B | $131.84B | $63.21B | $26.14B | |
| Interest Income | $5.01T | $4.64T | $7.01T | $4.15T | $1.37T | $461.85B | $311.46B | $163.66B | $86.46B | |
| Pretax Income | $511.12B | $473.59B | $2.48T | $401.07B | $145.94B | $115.26B | $69.17B | $18.34B | $22.07B | |
| Income Tax | $220.42B | $44.10B | $808.75B | $124.57B | $7.19B | $38.36B | $26.59B | $19.84B | $12.94B | |
| Net Income | $289.49B | $428.19B | $1.67T | $276.45B | $138.74B | $76.90B | $42.57B | $-1.50B | $9.13B | |
| EPS (Basic) | $452.75 | $669.67 | $2607.59 | $432.35 | $216.99 | $120.27 | $66.58 | $-2.27 | $14.51 | |
| Shares (Basic) | 639,409,000 | 639,413,000 | 639,413,000 | 639,413,000 | 639,413,000 | 639,413,000 | 639,413 | 661,141 | 629,531,000 | |
| Shares (Diluted) | · | · | · | · | · | · | 639,402,000 | 661,141,000 | 629,531,000 | |
| EBITDA | $1.74T | $2.86T | $2.08T | $303.34B | $97.48B | $74.34B | $63.93B | $25.52B | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $543.47B | $547.32B | $865.30B | $85.99B | $51.86B | $38.37B | $26.56B | $16.45B | $9.98B | |
| PP&E (Net) | $1.04T | $1.04T | $776.95B | $317.21B | $102.99B | $51.88B | $35.05B | $23.91B | $15.21B | |
| Total Assets | $23.24T | $19.06T | $14.63T | $6.51T | $1.95T | $1.17T | $606.15B | $540.30B | $338.07B | |
| Total Liabilities | $18.00T | $13.74T | $10.19T | $4.91T | $1.48T | $940.34B | $461.76B | $446.61B | $266.32B | |
| Retained Earnings | $4.38T | $4.36T | $2.65T | $1.26T | $360.47B | $228.99B | $116.67B | $64.61B | $37.63B | |
| Stockholders' Equity | $5.23T | $5.33T | $4.44T | $1.59T | $466.72B | $228.74B | $144.39B | $93.69B | $71.44B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $178.82B | $181.72B | $166.43B | $103.41B | $43.22B | $12.94B | $6.18B | $3.09B | $2.16B | |
| Other Non-cash | $86.89B | $1.54T | $-730.65B | $461.71B | $14.66B | $89.25B | $-6.98B | $75.12B | · | |
| Operating Cash Flow | $555.20B | $2.63T | $-244.15B | $3.51T | $271.77B | $351.90B | $28.48B | $159.43B | $-26.08B | |
| CapEx | $171.95B | $163.80B | $163.49B | $164.97B | $41.81B | $10.81B | $8.51B | $5.27B | $4.53B | |
| Investing Cash Flow | $-171.95B | $-175.87B | $232.96B | $-164.99B | $-42.03B | $-10.81B | $-8.51B | $-5.27B | $-4.53B | |
| Dividends Paid | $155.51B | $614.25B | $515M | $129.49B | · | $1M | $17.48B | $9.45B | $1.82B | |
| Financing Cash Flow | $534.11B | $-778.80B | $-163M | $-169.39B | $-52.64B | $-20.05B | $-31.88B | $-16.42B | $35.35B | |
| Free Cash Flow | $383.25B | $1.88T | $-142.30B | $493.40B | $37.76B | $116.13B | $12.62B | $73.60B | · | |
| Levered FCF | $-714.72B | $148.18B | $-1.24T | $281.66B | $-52.02B | $75.55B | $-26.78B | $76.13B | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 1.4% | 2.2% | 8.9% | 2.0% | 2.1% | 3.8% | 4.2% | -0.20% | · | |
| ROE | 5.5% | 7.7% | 32.3% | 8.3% | 9.8% | 17.7% | 20.7% | -1.1% | · | |
| ROIC | 17.0% | 60.9% | 66.9% | 38.8% | 35.9% | 30.8% | 35.3% | -3.4% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | 0.8 | 1.4 | 1.2 | 0.9 | 1.0 | 1.1 | 0.9 | 0.8 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow / Share | · | · | · | · | · | · | $26.08 | $114.78 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $289.49B | $428.19B | $1.67T | $276.45B | $138.74B | $76.90B | $42.57B | $-1.50B | · | |
| Payout Ratio | 53.7% | 143.5% | 0.03% | 46.8% | · | 0.00% | 41.2% | -643.4% | · | |
| Annual Payout | $155.51B | $614.25B | $515M | $129.49B | · | $1M | $17.48B | $9.45B | · |
Valuation (TTM)
| Metric | Trend | Q4 2018 | Q4 2017 | Q4 2016 | Q4 2015 | Q4 2014 | Q4 2013 | Q4 2012 | Q4 2011 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-1.50B | $9.13B | · | · | · | · | · | · | · | · | · | · | · | · | |
| Annual Payout | $9.45B | $1.82B | · | · | · | · | · | · | · | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $289.49B | $428.19B | $1.67T | $276.45B | $138.74B |
No data for this statement
Not enough fundamentals data to build this statement yet.
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $383.25B | $1.88T | $-142.30B | $493.40B | $37.76B |
Institutional owners (13F) 109 filers · $817.3M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
109
Value held
$817.3M
New positions
28
Exited positions
17
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 28 (+6 vs prior Q) | 17 (-8 vs prior Q) | 30 (-11 vs prior Q) | 30 (+8 vs prior Q) | +611K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Aquamarine Financial (Cayman) Ltd | $78,006,149 | 842,490 | 9.54% | Shares |
| PointState Capital LP | $70,965,050 | 766,444 | 8.68% | Shares |
| BlackRock, Inc. | $64,327,366 | 694,755 | 7.87% | Shares |
| SAMLYN CAPITAL, LLC | $62,146,038 | 671,196 | 7.60% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $44,261,353 | 478,036 | 5.42% | Shares |
| Cape Ann Asset Management Ltd | $40,732,008 | 439,918 | 4.98% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $40,443,312 | 436,800 | 4.95% | Call option |
| Route One Investment Company, L.P. | $30,750,157 | 332,111 | 3.76% | Shares |
| MORGAN STANLEY | $27,593,300 | 298,015 | 3.38% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $25,064,113 | 270,700 | 3.07% | Put option |
| Gemsstock Ltd. | $22,033,549 | 237,969 | 2.70% | Shares |
| Itau Unibanco Holding S.A. | $20,156,241 | 217,269 | 2.47% | Shares |
| Capital Wealth Planning, LLC | $19,098,910 | 206,274 | 2.34% | Shares |
| Walleye Trading LLC | $18,721,698 | 202,200 | 2.29% | Put option |
| HSBC HOLDINGS PLC | $18,034,133 | 194,582 | 2.21% | Shares |
| Robeco Institutional Asset Management B.V. | $16,491,020 | 178,108 | 2.02% | Shares |
| PING CAPITAL MANAGEMENT, INC. | $15,833,260 | 171,004 | 1.94% | Shares |
| Walleye Trading LLC | $13,869,982 | 149,800 | 1.70% | Call option |
| CITIGROUP INC | $13,831,835 | 149,388 | 1.69% | Shares |
| Pictet Asset Management Holding SA | $12,869,732 | 138,997 | 1.57% | Shares |
| CITADEL ADVISORS LLC | $10,996,358 | 118,764 | 1.35% | Shares |
| CITADEL ADVISORS LLC | $10,740,440 | 116,000 | 1.31% | Put option |
| MARSHALL WACE, LLP | $9,785,282 | 105,684 | 1.20% | Shares |
| Turim 21 Investimentos Ltda. | $9,713,857 | 528,547 | 1.19% | Shares |
| Caption Management, LLC | $8,796,050 | 95,000 | 1.08% | Call option |
| GOLDMAN SACHS GROUP INC | $6,057,793 | 65,426 | 0.74% | Shares |
| Ramirez Asset Management, Inc. | $5,489,970 | 59,293 | 0.67% | Shares |
| PEAK6 LLC | $5,166,522 | 55,800 | 0.63% | Call option |
| JANE STREET GROUP, LLC | $5,055,414 | 54,600 | 0.62% | Call option |
| DEPRINCE RACE & ZOLLO INC | $4,903,474 | 52,959 | 0.60% | Shares |
| Glenorchy Capital Ltd | $4,618,317 | 49,879 | 0.57% | Shares |
| JANE STREET GROUP, LLC | $4,570,705 | 49,365 | 0.56% | Shares |
| JANE STREET GROUP, LLC | $4,120,255 | 44,500 | 0.50% | Put option |
| Brevan Howard Capital Management LP | $3,993,976 | 42,462 | 0.49% | Shares |
| XTX Topco Ltd | $3,775,450 | 40,776 | 0.46% | Shares |
| CITADEL ADVISORS LLC | $3,648,046 | 39,400 | 0.45% | Call option |
| Militia Capital Management LLC | $3,305,463 | 35,700 | 0.40% | Shares |
| Absolute Gestao de Investimentos Ltda. | $3,287,593 | 35,507 | 0.40% | Shares |
| Militia Capital Partners, LP | $3,011,344 | 33,400 | 0.37% | Shares |
| Amundi | $2,939,547 | 31,748 | 0.36% | Shares |
| BAROMETER CAPITAL MANAGEMENT INC. | $2,826,459 | 30,700 | 0.35% | Shares |
| Candriam S.C.A. | $2,747,277 | 29,700 | 0.34% | Shares |
| ABS Direct Equity Fund LLC | $2,268,455 | 24,500 | 0.28% | Shares |
| UBS Group AG | $2,125,866 | 22,960 | 0.26% | Shares |
| Allspring Global Investments Holdings, LLC | $2,066,979 | 22,324 | 0.25% | Shares |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | $1,981,426 | 21,400 | 0.24% | Shares |
| Aquatic Capital Management LLC | $1,904,299 | 20,567 | 0.23% | Shares |
| GROUP ONE TRADING LLC | $1,879,670 | 20,301 | 0.23% | Shares |
| Caprock Group, LLC | $1,851,800 | 20,000 | 0.23% | Shares |
| SPX Gestao de Recursos Ltda | $1,719,119 | 18,567 | 0.21% | Shares |
Activists & 5%+ owners 5 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| FIDEICOMISO DE GARANTÍA JHB BMA (IRS Identification Number: Not Applicable), BANCO DE SERVICIOS Y TRANSACCIONES S.A. , as Trustee of FIDEICOMISO DE GARANTÍA JHB BMA (IRS Identification Number: Not Applicable) | Aug. 12, 2024 | · | Initial filing | · | SEC |
| DELFÍN JORGE EZEQUIEL CARBALLO (IRS Identification Number: Not Applicable) ×2 filings | June 27, 2023 | · | Initial filing | · | SEC |
| JORGE HORACIO BRITO (IRS Identification Number: Not Applicable) | Dec. 15, 2017 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 23, 2006 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 23, 2006 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 1 insider · 0 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Marcos Brito | Director | March 19, 2026 P | 1,500 | 1 | 0 | $102,405 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 1 ETF
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ARGT · Global X Funds | 5.01% | 461,428 NS | July 31, 2026 | N-PORT |
BMA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 12 analysts
BUY
Median target
$108.08
+67.4%
4 33.3%
Strong Buy
7 58.3%
Buy
1 8.3%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
9 analysts · 2026-10-02Mean target $111.66 +73.0%
← Below all targets
Current price $64.55
Low$85.04
Mean$111.66
High$148.76
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Source: SEC 20-F filed Apr 20, 2026