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MARKETS / NYSE / CAAP
NYSE · AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES · LARGE CAP

Corporacion America Airports S.a. CAAP

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.0B
▲ 6.4% YoY
$247.7M
▼ 12.4% YoY
$448.5M
▲ 14.1% YoY
In brief

What this company does

The Company acquires, develops and operates airport concessions. As of the date of its annual report, it operates 52 airports across Latin America, Europe, and Eurasia. Since acquiring the rights under the AA2000 Concession Agreement, the Company's airports in Argentina have consistently handled over 93.4% of Argentina's total commercial passenger traffic each year. The Company classifies its revenue in the following categories: aeronautical revenue, commercial revenue, construction service revenue and other revenue. Aeronautical revenue is derived from the use of its airport facilities by aircraft and passengers. The majority of its commercial revenue is derived from fees for warehouse usage, retail stores, duty free shops, car parking facilities, catering, hangar services, food and beverage services, rent of space, advertising, fuel, airport counters and VIP lounges, along with other sources such as telecommunications, car rentals and passenger services. Since 1998, when it acquired the AA2000 Concession Agreement, the Company has expanded the markets and geographies in which it operates by acquiring airport concessions in Armenia, Uruguay, Ecuador, Brazil, Italy, and additional concessions in Argentina.

Written from the business description in CORPORACION AMERICA AIRPORTS S.A.'s annual report to the U.S. Securities and Exchange Commission, filed 17 March 2026. Every sentence was checked against that document before publication.

Growth
USD 2.0B
Revenue, FY2025 · full 11-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.0 · Net income 0.2
0.8B1.6B-0.1B-0.2B201520172019202120232025
Compound annual growth
+12.5%
+26.4%
+5.2%
+13.8%
+8.9%
+13.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +26.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 24.9% · Net 13.1%
10%20%30%-20%-40%201520172019202120232025
ROE
FY2025 · ROE 16.8%
10%20%30%-20%-40%201520172019202120232025

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 448.5
200.0M400.0M-25.0M-50.0M201520172019202120232025
Net buybacks $M Dividends $M
FY2022 · Dividends — · Net buybacks 172.0
80M160M20202022

Total assetsUSD 4.4B
EquityUSD 1.6B
CashUSD 592.8M
Gross debtUSD 1.1B
Net debtUSD 502.5M
Current ratio1.35×

Net debt stands at 32% of equity.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B2.01.81.41.40.70.61.61.41.61.41.2
Operating income $B0.50.40.50.30.0−0.20.20.30.40.30.3
EBITDA $B·0.60.70.50.0−0.20.20.30.40.30.3
Income tax $B0.10.3−0.00.00.1−0.00.00.00.00.10.0
Net income $B0.20.30.20.2−0.1−0.30.00.00.10.00.1
Free cash flow $B0.40.40.30.30.1−0.0−0.00.2−0.1··
EPS, diluted $1.521.751.491.05−0.73−1.58·····
Dividend / sh $···········
Payout %···········
ROE %16.827.033.228.4−24.6−40.41.21.213.97.422.8
Shares out B·····1.501.501.501.50··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 55 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 40 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAirports, Flying Fields & Airport Terminal Services
Listed onNYSE
Incorporated inoutside the United States — SEC code N4
Fiscal year endsDecember 31
Data on record since2015

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