IRSA Inversiones y Representaciones S.A. ADR (IRS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 23	—	$0.92	—	—	$63.1B	—
Q2 23	—	$0	—	—	$53.6B	—
Q1 23	—	$0.01	—	—	$27.8B	—
Q4 22	—	$0.21	—	—	$12.6B	—
Q3 22	—	-$0.14	—	—	$13.6B	—
Q3 16	-$0.94	-$0.26	+72.3%	—	$17B	—
Q2 16	$0.11	-$4.04	-3772.7%	—	$1.2B	—
Q1 16	$0.34	-$0.55	-261.8%	—	$968M	—
Q4 15	$0.83	$14.6	+1660.2%	—	$893.6M	—
Q3 15	-$0.02	-$0.54	-2600.0%	—	$811M	—
Q1 15	$0.16	$0.01	-93.8%	—	$790.1M	—
Q4 14	$0.09	-$0.96	-1166.7%	—	$797.3M	—
Q3 14	-$0.81	-$0.18	+77.8%	—	$664.3M	—
Q2 14	$0.17	-$1.02	-700.0%	—	$752.5M	—
Q1 14	$0.11	$0.11	0.0%	—	$621.4M	—
Q2 13	$0.4	$0.66	+65.0%	—	$597M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$5.1K	—	—	$657.6B	—
FY24	—	-$378.9	—	—	$232.2M	—
FY23	—	$3K	—	—	$331.7B	—
FY22	—	$3.7K	—	—	$257B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	$12.9B	$50.9B	$78.2B	$28B	$34.9B	$45.9B	$257B	$331.7B	$232.2M	$657.6B
YoY change	+279.5%	+293.8%	+53.7%	-64.2%	+24.5%	+31.6%	+460.1%	+29.1%	-99.9%	—

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	12.9B	50.9B	78.2B	28B	34.9B	45.9B	257B	331.7B	232.2M	657.6B
Cost of revenue	7B	35.4B	49.1B	10.5B	14.5B	23.2B	97B	114.4B	77.2M	258.2B
Gross profit	5.9B	15.5B	29.1B	17.5B	20.3B	22.7B	159.9B	217.3B	155M	399.4B
Gross margin	45.5%	30.5%	37.2%	62.6%	58.3%	49.4%	62.2%	65.5%	66.8%	60.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.1B	14.5B	19.2B	5.7B	5B	10.2B	42.4B	71.3B	35.4M	94.3B
Operating expenses	3.2B	15.5B	19.6B	6.2B	5.2B	11.7B	44.3B	75.6B	37.3M	104.3B
Operating income	2.3B	-1.3B	7.8B	11.4B	12.2B	6.3B	101.4B	128.2B	107.6M	269.9B
Operating margin	17.9%	-2.48%	9.95%	40.6%	35.1%	13.7%	39.5%	38.6%	46.4%	41%
Non-operating income, net	15.6B	10B	-3.9B	-68.8B	85.1B	-1.4B	265.6B	-94.7B	-152.6M	382.5B
Pretax income	15.6B	-4.3B	-14.4B	-62B	83.1B	-24.7B	301.7B	-13.1B	-56.6M	571B
Income tax	6.3B	1.5B	-11.1B	-6.8B	16.5B	76.6B	22.2B	-239.7B	-32.7M	150B
Net income	10.1B	3B	33.2B	-57.6B	58.5B	-132.9B	279.5B	226.6B	-23.9M	421B
Net margin	78%	5.99%	42.5%	-205.8%	167.7%	-289.6%	108.8%	68.3%	-10.3%	64%
EBITDA	4.3B	5.7B	13.6B	4B	31.1B	-13.5B	107.1B	143.5B	153.2M	355.2B
EPS	177.2	-20.8	391	-1K	660.4	-2.1K	3.7K	3K	-378.9	5.1K
Diluted EPS	176	-20.8	388.7	-1K	656.7	-2.1K	3.4K	2.7K	-378.9	5.1K

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	35.4B	94.9B	54.4B	59.7B	81.3M	84.8M	151.4B	140.2B	129.3B	152.7B	144.7B	193.2B
Cost of revenue	12.3B	30.9B	17.4B	19.5B	28.3M	30.6M	60.7B	56.4B	49.9B	56.6B	53.2B	84.1B
Gross profit	23.1B	64B	36.9B	40.3B	52.9M	54.1M	90.7B	83.8B	79.4B	96.1B	91.5B	109.1B
Gross margin	65.1%	67.5%	67.9%	67.4%	65.1%	63.9%	59.9%	59.8%	61.4%	62.9%	63.2%	56.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	11.5B	3.7B	10.7B	13.2B	21.1M	14.4M	28B	28.9B	15.8B	29.1B	31.2B	29.5B
Operating expenses	12.4B	2.1B	10.8B	14.4B	22.3M	12.1M	35B	22.8B	13.9B	19.1B	31.5B	36.1B
Operating income	9.2B	61.9B	26.2B	25.9B	27.2M	42M	55.7B	61B	60.3B	76.9B	60B	67.5B
Operating margin	25.9%	65.2%	48.1%	43.3%	33.5%	49.6%	36.8%	43.5%	46.6%	50.4%	41.4%	34.9%
Non-operating income, net	-19.8B	327.7B	20.1B	-619.5B	39.6M	-187M	38B	137.5B	201.7B	-25.6B	-166.1B	190.9B
Pretax income	140M	383.3B	11.4B	-481.3B	67.6M	-155.1M	134.4B	184.1B	246.4B	81.9B	-43.7B	234.3B
Income tax	-29.1B	132.7B	-10.9B	-147.3B	12.5M	-52.2M	33.4B	78.6B	83B	9.3B	-11.1B	53B
Net income	29.2B	250.5B	22.3B	-334B	55.1M	-102.8M	101.1B	105.5B	163.4B	72.5B	-32.6B	181.2B
Net margin	82.5%	263.9%	41%	-559.1%	67.8%	-121.3%	66.8%	75.2%	126.4%	47.5%	-22.5%	93.8%
EBITDA	25B	75.6B	16.6B	147.8B	41.7M	51.8M	137.3B	41.3B	58.3B	147.6B	156B	109.1B
EPS	—	3.2K	313.5	-4.1K	—	-1.9K	1.3K	1.4K	2K	916.4	-394	—
Diluted EPS	—	3.2K	313.5	-4.1K	—	-1.9K	1.2K	1.2K	1.9K	838	-394	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26	Current
Market cap	1T	1.5T	1.1T	602B	186.5B	218.4B	—	703.9B	—	—	1.2B
Enterprise value	1.1T	1.6T	1.3T	899.5B	608.9B	313.5B	—	955.9B	—	—	688.6M
Shares outstanding	56.6B	56.6B	56.6B	55.8B	55.8B	53.4B	79.5B	78.6B	54.3K	77.9M	77.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26	Current
P/E	104	493.4	32.5	—	3.19	—	—	3.11	—	—	4.34
P/S	81.2	29.6	13.8	21.5	5.35	4.76	—	2.12	—	—	0
P/B	29.2	31.8	9.02	4.91	1.01	1.61	—	0.49	—	—	0.78
EV/EBITDA	261.3	277.7	95	226.9	19.6	-23.2	—	6.66	—	—	3.32
EV/Sales	88	31.3	16.6	32.1	17.5	6.83	—	2.88	—	—	1.51
Earnings yield	0.96%	0.2%	3.08%	—	31.3%	—	—	32.2%	—	—	23.1%
FCF yield	0.34%	0.62%	1.23%	6.66%	40.7%	1.78%	—	18.8%	—	—	9.09%
PEG	—	—	—	—	—	—	—	—	—	—	55.6

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26	Current
Gross margin	45.5%	30.5%	37.2%	62.6%	58.3%	49.4%	62.2%	65.5%	66.8%	60.7%	56.5%
Operating margin	17.9%	-2.48%	9.95%	40.6%	35.1%	13.7%	39.5%	38.6%	46.4%	41%	39.1%
Net margin	78%	5.99%	42.5%	-205.8%	167.7%	-289.6%	108.8%	68.3%	-10.3%	64%	56.5%
ROE	28.1%	6.44%	27.8%	-47%	31.7%	-98%	76.4%	15.7%	-2.93%	17.4%	18.1%
ROA	5.25%	1.32%	6.3%	-8.5%	6.21%	-36.4%	34.8%	8.57%	-1.51%	8.67%	4.08%
ROIC	1.11%	-0.92%	2.31%	2.71%	1.61%	2.72%	20.3%	7.58%	11%	6.94%	6.84%
Return on tangible assets	5.98%	1.48%	6.8%	-9.19%	6.81%	-37.2%	35.4%	8.77%	-1.6%	8.77%	8.02%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26	Current
Current ratio	0.98	1.41	2.05	1.91	1.43	0.63	0.49	0.99	0.83	1.75	0.74
Quick ratio	0.9	1.29	1.97	1.89	1.39	0.62	0.49	0.98	0.82	1.71	1.71
Debt / equity	3.15	2.73	2.69	3.64	3.22	0.76	0.45	0.29	0.33	0.42	0.42
Debt / assets	0.59	0.56	0.61	0.66	0.63	0.28	0.2	0.16	0.17	0.21	0.21
Net debt / EBITDA	20.3	15.7	15.9	75.1	13.6	-7.04	0.9	1.76	1.06	1.26	0.95
Interest coverage	7.69	0.67	0.21	-7.63	6.83	-0.07	5.54	0.71	-0.99	8.26	7.33
Effective tax rate	40.6%	0%	0%	0%	19.9%	0%	7.35%	0%	0%	26.3%	25.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26	Current
Revenue per share	0.23	0.9	1.38	0.5	0.62	0.86	3.23	4.22	4.3K	8.4K	8.9K
EPS (basic)	177.2	-20.8	391	-1K	660.4	-2.1K	3.7K	3K	-378.9	5.1K	5.1K
EPS (diluted)	176	-20.8	388.7	-1K	656.7	-2.1K	3.4K	2.7K	-378.9	5.1K	3.32
Book value per share	0.63	0.84	2.11	2.2	3.3	2.54	4.6	18.3	15K	31.1K	18.4
FCF per share	0.06	0.17	0.23	0.72	1.36	0.07	1.24	1.68	1.3K	1.8K	0.13
Cash per share	0.44	0.69	1.85	2.67	3.04	0.16	0.85	2.04	1.9K	7.3K	1.4K
Capex per share	0.01	0.05	0.1	0	0.01	0	0.03	0.08	43.2	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26	Current
Capex / revenue	3.69%	5.96%	6.99%	0.8%	1.78%	0.32%	1.03%	1.83%	1.01%	—	—
Capex / operating cash flow	2.2%	111%	24.7%	-0.38%	0.53%	-0.36%	1.36%	-7.54%	-1.9%	—	—
Payout ratio	0%	4.82%	0%	0%	0%	-6.88%	0.52%	52.9%	-450.9%	39.4%	40.5%
Dividend yield	0%	0.01%	0%	0%	0%	4.19%	—	17%	—	—	16.3%

Yield

16.3%

trailing twelve months

Frequency

Semi-annual

Last dividend

$1.0183

ex-dividend Nov 25, 2024

Payout ratio

41%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Nov 25, 2024	$1.0183
Jun 3, 2024	$0.6502
Dec 6, 2023	$0.958
Jun 2, 2023	$0.6917
Nov 25, 2022	$0.2061
Nov 10, 2017	$1.5022
Jul 10, 2014	$0.1172
Nov 18, 2013	$0.8002

Split history

Date	Ratio

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$35.4B	$94.9B	$54.4B	$59.7B	$81.3M	$84.8M	$151.4B	$140.2B	$129.3B	$152.7B	$144.7B	$193.2B
YoY change	+180.5%	+241.5%	+1.47%	-5.36%	-99.8%	-99.9%	+178.4%	+134.7%	+152.4K%	+0.87%	+3.23%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26
Cash & short-term investments	24.8B	39.1B	104.7B	149.2B	170B	8.4B	67.3B	160.3B	105.3M	572.4B
Receivables	10.9B	17.3B	23.3B	32.2B	55.8B	13.9B	23.3B	96.1B	53.9M	204.8B
Inventory	3.5B	5.5B	6.1B	2.2B	10.5B	305M	685M	1.8B	1.1M	19.8B
Total current assets	42.8B	65.5B	149.4B	201.9B	309B	22.8B	91.4B	260.9B	160.9M	797.7B
Property, plant & equipment	10.2B	9.5B	14.9B	21.3B	68.4B	-4.8B	-11.6B	-45B	-34M	-88.9B
Goodwill & intangibles	23.5B	24.8B	38.6B	51.2B	83.5B	7.9B	14.6B	59B	91.3M	56.4B
Total assets	192.1B	231.2B	526.9B	678.4B	942.1B	365.3B	803.7B	2.6T	1.6B	4.9T
Accounts payable	16.1B	20.8B	22.9B	26.5B	44.6B	8.4B	18.4B	95.1B	51.4M	177.8B
Short-term debt	22.3B	19.9B	39.8B	65B	125B	25.4B	133.1B	152.3B	129.5M	181.1B
Total current liabilities	43.6B	46.4B	72.9B	105.7B	215.4B	36.3B	186.3B	264.8B	194.3M	455.5B
Long-term debt	90.7B	109.5B	281.7B	381.6B	467.4B	78B	30.6B	259.9B	137.4M	839.1B
Total liabilities	156.3B	183.9B	407.3B	555.7B	757.8B	229.7B	437.8B	1.2T	769.8M	2.4T
Shareholders' equity	35.9B	47.3B	119.5B	122.7B	184.2B	135.7B	365.9B	1.4T	814.4M	2.4T
Total debt	112.9B	129.4B	321.5B	446.7B	592.4B	103.4B	163.8B	412.2B	266.9M	1T
Net debt	99.1B	104.6B	263.4B	360.2B	456.7B	100.2B	136.2B	379.8B	246.9M	907.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	160.3B	71.8B	118.3B	140.5B	105.3M	128.6M	186.1B	439.4B	425.2B	519.5B	500.7B	572.4B
Receivables	96.1B	30.2B	65.2B	71.1B	53.9M	54.1M	83.5B	87.7B	137.2B	146.1B	164B	204.8B
Inventory	1.8B	564M	958M	1.4B	1.1M	1.3M	1.5B	28.4B	37B	49.8B	50.8B	19.8B
Total current assets	260.9B	103.4B	184.8B	213.2B	160.9M	184.2M	271.3B	556.7B	601.1B	716B	715.9B	797.7B
Property, plant & equipment	-45B	-17.3B	-25.6B	-39.7B	-34M	-37.1M	-57.6B	-60.2B	-70.5B	-76.2B	-80.6B	-88.9B
Goodwill & intangibles	59B	21.5B	71.8B	109B	91.3M	97.2M	128.6B	34.7B	38.9B	41.6B	44.8B	56.4B
Total assets	2.6T	1.1T	1.7T	1.8T	1.6B	1.6B	2.5T	3.1T	3.8T	4.2T	4.3T	4.9T
Accounts payable	95.1B	30.9B	40.8B	56.5B	51.4M	61.5M	86.6B	107.3B	132.9B	140.6B	143.8B	177.8B
Short-term debt	152.3B	54.1B	114.8B	143.5B	129.5M	150.9M	228B	193.4B	110B	118.8B	104B	181.1B
Total current liabilities	264.8B	89B	164.7B	256.5B	194.3M	224.6M	380.2B	386.6B	315.6B	330.6B	445.8B	455.5B
Long-term debt	259.9B	90.7B	211.1B	186.8B	137.4M	124.3M	227.5B	497.8B	589.8B	875.8B	806.1B	839.1B
Total liabilities	1.2T	465.6B	813.5B	887.1B	769.8M	802.4M	1.3T	1.6T	1.9T	2.2T	2.3T	2.4T
Shareholders' equity	1.4T	595.8B	837.7B	932.2B	814.4M	834.3M	1.2T	1.4T	1.9T	2T	2T	2.4T
Total debt	412.2B	144.8B	325.9B	330.2B	266.9M	275.2M	455.5B	691.2B	699.7B	994.6B	910B	1T
Net debt	379.8B	123.2B	309.9B	309.2B	246.9M	253.6M	418.8B	403.2B	607.4B	698.5B	855.6B	907.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26
Net income	9.3B	-5.8B	-3.2B	-55.3B	66.6B	-101.3B	279.5B	226.6B	-23.9M	421B
Depreciation & amortization	1.5B	7.6B	9.6B	560M	1.2B	2.3B	7.5B	7.1B	4.6M	28B
Stock-based compensation	41M	163M	66M	94M	211M	0	—	—	—	—
Change in working capital	-469M	-1.2B	1.1B	-1.6B	-460M	5B	-368M	-2.8B	1.1M	21.5B
Operating cash flow	21.6B	2.7B	22.1B	-59.9B	116.4B	-40.9B	194.2B	-80.5B	-123.1M	151.3B
Capital expenditure	-477M	-3B	-5.5B	-225M	-621M	149M	-2.6B	6.1B	-2.3M	—
Investing cash flow	7.7B	-5.3B	-18B	3.4B	19.9B	19.4B	-100.2B	34.1B	20.2M	-242.1B
Dividends paid	0	-147M	0	0	0	-9.1B	-1.4B	-119.9B	-107.7M	-165.8B
Share repurchases	—	—	—	—	0	0	-2.6B	-6.5B	-18.9M	0
Financing cash flow	2.1B	20.6B	1.3B	-998M	-13B	-77.5B	-43.9B	-252.9B	-92.8M	76B
Net change in cash	31.4B	18B	5.4B	-57.4B	123.3B	-99B	50.2B	-299.3B	-195.6M	-14.8B
Free cash flow	3.6B	9.4B	13.3B	40.1B	75.9B	3.9B	98.3B	132.1B	70.3M	141.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	29.2B	250.5B	-103.9B	-417.9B	55.1M	-102.8M	89.8B	100.4B	—	—	—	181.2B
Depreciation & amortization	717M	1.8B	25M	176M	1.7M	1.9M	3.2B	3.9B	2.8B	3.7B	4.4B	17.1B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-1.1B	8.9B	-12.5B	18.9B	-6.9M	4.6M	-4.7B	1.3B	2.1B	452M	30.7B	65M
Operating cash flow	-7.5B	385.6B	-174.8B	-676.6B	42.4M	-166.1M	61.9B	58.6B	82.2B	2B	34.5B	32.5B
Capital expenditure	-193M	-757M	-97M	-584M	-617K	-1.2M	-1.8B	—	—	—	—	—
Investing cash flow	2.2B	9.6B	18.4B	-9.4B	-16.3M	-8.9M	5.4B	-1B	-114.3B	36.1B	-162.9B	-1.1B
Dividends paid	-27B	0	-88B	58.2B	-13.4M	0	-92.2B	-8.7B	0	-141.8B	-13.6B	-10.5B
Share repurchases	-761M	-5.4B	-495M	-4.2B	-6.9M	-14.8M	-1.6B	-2.1B	0	0	0	0
Financing cash flow	-27.3B	-17.5B	-55.2B	26.7B	217.7K	-18M	-25.2B	291.2B	-42.2B	108.2B	-23.2B	33.2B
Net change in cash	-32.7B	377.6B	-211.5B	-659.3B	26.3M	-193M	42.1B	348.8B	-74.2B	146.3B	-151.5B	64.6B
Free cash flow	15.7B	31.9B	625M	1.6B	19.1M	43M	38.7B	54.1B	80.5B	-709M	31.1B	30.9B

Oct 3, 2023	907:1000
Dec 18, 2002	1022:1000
Nov 7, 2000	11084:10000
Nov 22, 1999	1:1
Dec 23, 1998	10178:10000

IRSA Inversiones y Representaciones S.A. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement