Financial Services · Banks - Regional
Price
$92.80
Market Cap
$5.9B
Employees
9,004
Beta
0.50
Avg Volume
312,561
CEO
Juan Martin Parma
Business Description
Banco Macro S.A. operates as a leading financial services institution in Argentina, providing a broad spectrum of banking products and solutions to both individual consumers and corporate entities nationwide. For its retail customers, the bank offers essential services such as current and savings accounts, along with term deposit options. It also supplies a range of credit and debit cards, various loan products including personal, consumer finance, mortgage, and auto loans, as well as overdraft facilities. Additional services encompass credit-related support, home and vehicle insurance policies, convenient tax and utility bill payment methods, and money transfer capabilities, all accessible through its extensive network of ATMs. Retail offerings further extend to document discounting and pledged loan options. Corporate clients benefit from a specialized suite of services, including diverse deposit accounts, lending facilities such as working capital and investment project financing, guaranteed loans, and credit lines for international trade. The company also provides check cashing advances, factoring, leasing solutions, and comprehensive cash management services. Other offerings include trust administration, payroll services, financial agency support, corporate credit cards, and other tailored products. Furthermore, the bank facilitates transactional needs through cash management, collection services, supplier payment processing, foreign exchange transactions, and foreign trade support, augmented by information services like Datanet and Interpymes. Short-term and medium-to-long-term corporate financing are also available. Both retail and corporate segments are supported by the bank's digital channels, offering internet and mobile banking services. As of December 31, 2021, Banco Macro maintained a significant physical presence throughout Argentina, operating 466 branches, 1,779 automated teller machines, and 955 self-service terminals, alongside various other customer touchpoints. The institution was founded in 1966 and is headquartered in Buenos Aires, Argentina.
Business History
Price Overview
Last updated: Jun 27, 2026 8:59am (just now)$91.44
+1.10 (+1.22%)
Day Range
$89.07 – $93.07
52-Week Range
$38.30 – $106.15
50-Day MA
$82.20
200-Day MA
$77.98
Volume
165,030.00
Analyst Price Targets
Low
$85.00
Consensus
$85.00
High
$85.00
(6 analysts)
Share Structure
Outstanding
63,939,030.00
Float
62,812,837.00
Free Float
98.2%
High free float
— 98.2% of shares trade freely, ~1.8% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
24.36
Stock Price: $92.80
EPS (Diluted): 5,281.60
EPS (Diluted): 5,281.60
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.60
Stock Price: $92.80
Total Equity: $5,232.22B
Shares: 63,941,300
Total Equity: $5,232.22B
Shares: 63,941,300
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.70
Market Cap: $5.93B
Total Debt: $1,526.37B
Cash: $3,587.42B
EBITDA: $688.93B
Total Debt: $1,526.37B
Cash: $3,587.42B
EBITDA: $688.93B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$6.3T
Market Cap: $5.93B
Total Debt: $1,526.37B
Cash: $3,587.42B
Total Debt: $1,526.37B
Cash: $3,587.42B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
50.5%
Gross Profit: $2,939.00B
Revenue: $5,815.03B
Revenue: $5,815.03B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
10.2%
Operating Income: $595.61B
Revenue: $5,815.03B
Revenue: $5,815.03B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
5.8%
Net Income: $337.27B
Revenue: $5,815.03B
Revenue: $5,815.03B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
7.3%
Net Income: $337.27B
Total Equity: $5,232.22B
Total Equity: $5,232.22B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
1.5%
Operating Income: $595.61B
Tax Rate: 43.1%
Equity: $5,232.22B
Total Debt: $1,526.37B
Cash: $3,587.42B
Tax Rate: 43.1%
Equity: $5,232.22B
Total Debt: $1,526.37B
Cash: $3,587.42B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
40.09
Current Assets: $3,587.42B
Current Liabilities: $89.48B
Current Liabilities: $89.48B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.29
Short-Term Debt: $89.48B
Long-Term Debt: $1,436.89B
Total Debt: $1,526.37B
Total Equity: $5,232.22B
Long-Term Debt: $1,436.89B
Total Debt: $1,526.37B
Total Equity: $5,232.22B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$90,943.19
Revenue: $5,815.03B
Shares: 63,941,300
Shares: 63,941,300
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$81,828.43
Total Equity: $5,232.22B
Shares: 63,941,300
Shares: 63,941,300
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$24.46
Operating CF: $1.70B
CapEx: -$138.06M
Shares: 63,941,300
CapEx: -$138.06M
Shares: 63,941,300
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.8%
Last Dividend: N/A
Stock Price: $92.80
Stock Price: $92.80
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $337.27B
Net Income: $337.27B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BMA against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:50pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.7T | $5.4T | $9.7T | $6.5T | $5.8T |
| Cost of Revenue | $589.9B | $2.1T | $3.7T | $2.1T | $2.9T |
| Gross Profit | $1.1T | $3.2T | $6.0T | $4.4T | $2.9T |
| Operating Expenses | $965.8B | $2.8T | $4.2T | $4.1T | $2.3T |
| Operating Income | $145.9B | $401.1B | $1.9T | $360.0B | $595.6B |
| Net Income | $138.7B | $276.5B | $1.3T | $325.5B | $337.3B |
| EBITDA | $189.2B | $448.6B | $2.0T | $498.2B | $688.9B |
| EPS | $457.80 | $846.10 | $22,388.80 | $5,090.60 | $5,281.60 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:50pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $335.7B | $778.8B | $2.7T | $2.8T | $3.6T |
| Total Current Assets | $461.6B | $1.6T | $4.2T | $4.3T | $3.6T |
| Total Assets | $1.9T | $6.5T | $14.6T | $14.5T | $23.2T |
| Current Liabilities | $1.2T | $4.0T | $7.5T | $8.5T | $89.5B |
| Long-Term Debt | $87.6B | $233.1B | $842.9B | $432.5B | $1.4T |
| Total Liabilities | $1.5T | $4.9T | $10.2T | $10.4T | $18.0T |
| Total Equity | $466.7B | $1.6T | $4.4T | $4.0T | $5.2T |
| Retained Earnings | -$85.7B | -$250.0B | $431.6B | -$521.6B | $290.4B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:50pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $271.8B | $1.6T | -$85.2B | $918.6B | $1.7B |
| Capital Expenditure | -$41.8B | -$75.8B | -$57.1B | -$124.5B | -$138.1M |
| Free Cash Flow | $230.0B | $1.5T | -$142.3B | $794.1B | $1.6B |
| Acquisitions (net) | -$216.3M | $0 | -$24.5M | -$8.5B | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | -$210.9M |
| Net Change in Cash | -$171.3B | $1.7T | -$950.9B | -$199.1B | -$2.9T |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:10am (21h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$7.1T $5.4T – $8.4T
|
$9.1T $6.9T – $10.8T
|
$13.0T $9.8T – $15.4T
|
$13.5T $10.2T – $16.0T
|
| EBITDA |
$851.4B $642.0B – $1.0T
|
$1.1T $823.3B – $1.3T
|
$1.6T $1.2T – $1.8T
|
$1.6T $1.2T – $1.9T
|
| Net Income |
$1.1T $968.0B – $1.2T
|
$1.4T $973.8B – $1.8T
|
$0 | $0 |
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:50pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +215.6% | +80.5% | -33.3% | -10.0% |
| Gross Profit Growth | +190.8% | +86.9% | -27.0% | -33.4% |
| Operating Income Growth | +174.8% | +369.5% | -80.9% | +65.4% |
| Net Income Growth | +99.3% | +358.5% | -74.3% | +3.6% |
| EBITDA Growth | +137.1% | +348.0% | -75.2% | +38.3% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-18 | Scarinci Jorge Francisco | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Carballo Delfin Federico Ezequiel | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Marcos | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Marcos | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Marcos | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Marcos | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Constanza | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Constanza | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Constanza | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Constanza | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Jorge Pablo | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Jorge Pablo | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Jorge Pablo | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Jorge Pablo | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Jorge Pablo | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Brito Jorge Pablo | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Vicens Mario Luis | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Gregorio Lucas Matias | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Pozzoli Nelson Damian | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Parma Juan Martin | 0.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:50pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-07-06 | $0.53 | 2026-06-10 | 2026-07-06 | |
| 2026-06-02 | $0.53 | 2026-05-21 | 2026-06-02 | 2026-06-10 |
| 2026-05-18 | $0.55 | 2026-05-07 | 2026-05-18 | 2026-05-29 |
| 2026-04-20 | $0.41 | 2026-04-10 | 2026-04-20 | 2026-04-27 |
| 2026-03-20 | $0.40 | 2026-03-10 | 2026-03-20 | 2026-03-27 |
| 2026-02-19 | $0.38 | 2026-02-09 | 2026-02-19 | 2026-02-26 |
| 2026-01-22 | $0.36 | 2026-01-22 | 2026-01-29 | |
| 2025-12-16 | $0.36 | 2025-12-05 | 2025-12-16 | 2025-12-23 |
| 2025-11-17 | $0.35 | 2025-11-07 | 2025-11-17 | 2025-11-24 |
| 2025-10-20 | $0.31 | 2025-10-08 | 2025-10-20 | 2025-10-27 |
| 2025-09-19 | $0.37 | 2025-09-09 | 2025-09-19 | 2025-09-26 |
| 2025-08-15 | $0.37 | 2025-08-05 | 2025-08-15 | 2025-08-22 |
| 2025-07-18 | $0.40 | 2025-07-08 | 2025-07-18 | 2025-07-25 |
| 2024-08-16 | $1.80 | 2024-08-06 | 2024-08-16 | 2024-08-23 |
| 2024-07-22 | $1.74 | 2024-07-12 | 2024-07-22 | 2024-07-29 |
| 2024-06-17 | $1.76 | 2024-06-05 | 2024-06-17 | 2024-06-24 |
| 2024-01-05 | $0.60 | 2023-12-28 | 2024-01-08 | 2024-01-16 |
| 2023-09-20 | $0.43 | 2023-09-11 | 2023-09-21 | 2023-09-28 |
| 2023-08-17 | $0.45 | 2023-08-08 | 2023-08-18 | 2023-08-25 |
| 2023-08-04 | $0.45 | 2023-07-28 | 2023-08-07 | 2023-08-14 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BMA — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30