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UPDATED: Nov 12, 2025

Stock Analysis

BMA Logo
Banco Macro
NYSE:BMA
$86.57
$2.20 |2.61%
Day Range:
$84.15 - $89.29
Market Cap:
5.34B
P/E Ratio:
20.1867
Avg Value:
$78.36
Year Range:
$38.30 - $118.42
1
General Information
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs.

It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.

2
Banco Macro (BMA) Stock Graph
3
How We Grade Banco Macro (BMA)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Banco Macro (BMA) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

88.16

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

99.29

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Future Growth
Our estimate of future price growth is based on an aggregation of 3 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $79.00 - $120.00 with an average of $93.00

9.48%
Expected movement for Banco Macro (BMA) over the next 12 months
Based on these rankings

Recent Ratings for Banco Macro (BMA)

JP Morgan
Date:
Oct 28, 2025
Action:
Maintains
Prev. Target:
$79.00
New Target:
$120.00
JP Morgan
Date:
Oct 22, 2025
Action:
Upgrades
Prev. Target:
$89.00
New Target:
$79.00
HSBC
Date:
Oct 1, 2025
Action:
Upgrades
Prev. Target:
$104.00
New Target:
$80.00
6
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, BMA's earnings have fluctuated but has decreased since, this is a negative sign for the stock.
7
Past Performance
How has Banco Macro (BMA) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Banco Macro (BMA) sharpe ratio over the past 5 years is 1.8229 which is considered to be above average compared to the peer average of 0.8410

8
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is BMA's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Revenue
200.12
442.54
2,617.44
3,941.02
3,728.88
Operating Revenue
200.12
442.54
2,617.44
3,941.02
3,728.88
Cost Of Revenue
0.00
0.00
0.00
0.00
0.00
Gross Profit
0.00
0.00
0.00
0.00
0.00
Operating Expense
0.00
0.00
0.00
0.00
0.00
Selling General And Administration
60.41
99.83
376.16
923.60
1,068.78
Research and Development
0.00
0.00
0.00
0.00
0.00
Operating Income
0.00
0.00
0.00
0.00
0.00
Net Non-Operating Interest Income Expense
0.00
0.00
0.00
0.00
0.00
Other Income Expense
0.00
0.00
0.00
0.00
0.00
Other Non-Operating Income Expenses
-66.02
-207.98
-1,211.68
-2,010.36
-1,129.77
Pre-Tax Income
30.07
54.51
837.63
284.57
614.54
Tax Provision
-1.59
17.24
271.88
20.47
197.20
Net Income
31.65
37.26
565.43
263.10
415.38
Net Income Common Stockholders
31.65
37.26
565.43
263.10
415.38
Total Operating Income As Reported
0.00
0.00
0.00
0.00
0.00
Total Expenses
0.00
0.00
0.00
0.00
0.00
Net Income From Continuing And Discontinued Operation
31.65
37.26
565.43
263.10
415.38
Normalized Income
31.50
37.56
566.11
271.26
423.74
Interest Income
234.96
562.20
2,195.20
3,237.37
3,838.63
Interest Expense
95.47
286.55
1,473.18
1,707.51
1,392.77
Net Interest Income
139.48
275.66
722.01
1,529.86
2,445.86
EBIT
0.00
0.00
0.00
0.00
0.00
EBITDA
0.00
0.00
0.00
0.00
0.00
Reconciled Cost Of Revenue
0.00
0.00
0.00
0.00
0.00
Reconciled Depreciation
7.13
15.25
58.10
138.14
160.85
Normalized EBITDA
0.00
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.39
Tax Effect Of Unusual Items
0.05
-0.09
-0.32
-2.33
-2.45
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Assets
999.30
2,090.12
6,718.21
14,492.42
18,457.04
Current Assets
0.00
0.00
0.00
0.00
0.00
Total Non-Current Assets
0.00
0.00
0.00
0.00
0.00
Total Liabilities Net Minority Interest
759.66
1,577.89
4,674.19
10,441.71
13,938.38
Current Liabilities
0.00
0.00
0.00
0.00
0.00
Other Non-Current Liabilities
0.00
0.00
0.00
0.00
0.00
Total Equity Gross Minority Interest
239.64
512.23
2,044.03
4,050.71
4,518.66
Stockholders Equity
0.00
0.00
0.00
0.00
0.00
Total Capitalization
284.56
586.99
2,430.65
4,481.55
5,479.57
Common Stock Equity
239.60
512.14
2,043.56
4,049.08
4,515.77
Net Tangible Assets
231.20
494.70
1,968.39
3,901.61
4,347.75
Working Capital
0.00
0.00
0.00
0.00
0.00
Invested Capital
284.56
586.99
2,430.65
4,481.55
5,479.57
Tangible Book Value
231.20
494.70
1,968.39
3,901.61
4,347.75
Total Debt
46.39
76.81
396.48
446.45
982.95
Net Debt
0.00
0.00
0.00
0.00
0.00
Share Issued
0.65
0.65
0.64
0.64
0.64
Ordinary Shares Number
0.65
0.65
0.64
0.64
0.64
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
44.65
517.73
-85.23
2,002.14
488.84
Net Income from Continuing Operations
24.06
59.14
870.00
360.01
627.04
Depreciation and Amortization
7.13
15.25
58.10
138.14
160.85
Deferred Tax
Deferred Income Tax
Stock-Based Compensation
Other Non-Cash Items
114.33
374.86
1,424.41
992.68
822.43
Change in Working Capital
-75.16
148.89
-1,937.47
956.10
-920.72
Change in Receivables
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
Change in Account Payable
Change in Other Current Assets
-7.26
9.93
16.51
-93.84
-93.55
Change in Other Current Liabilities
-5.97
5.03
-82.86
119.53
253.34
Change in Other Working Capital
-121.77
54.05
-2,003.86
1,543.98
3,142.47
Cash Flow from Continuing Investing Activities
-6.93
-24.33
81.32
-133.69
-157.30
Net PPE Purchase and Sale
-6.89
-24.33
-57.07
-124.52
-148.66
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
Purchase of Investment
Sale of Investment
Net Other Investing Changes
-0.65
Financing Cash Flow
-8.53
-24.98
-0.06
-592.03
128.60
Cash Flow from Continuing Financing Activities
-8.53
-24.98
-0.06
-592.03
128.60
Net Issuance Payments of Debt
-7.90
-4.85
4.06
-116.74
383.76
Net Long-Term Debt Issuance
-7.90
-4.85
4.06
-116.74
383.76
Long-Term Debt Issuance
4.90
29.48
Long-Term Debt Payments
-7.90
-9.75
-25.42
-116.74
-93.29
Net Short-Term Debt Issuance
Net Common Stock Issuance
Common Stock Issuance
Common Stock Payments
Cash Dividends Paid
-466.94
Net Other Financing Charges
-0.63
-1.04
-3.94
-8.34
-10.71
End Cash Position
1,170.15
2,644.35
4,176.08
9,572.92
11,479.71
Changes in Cash
29.20
468.42
-3.96
1,276.42
460.14
Beginning Cash Position
1,157.97
2,629.35
3,704.50
8,808.57
10,799.09
Capital Expenditure
-6.89
-24.33
-57.07
-124.52
-148.66
Issuance of Capital Stock
Issuance of Debt
4.90
29.48
Repayment of Debt
-7.90
-9.75
-25.42
-116.74
-93.29
Repurchase of Capital Stock
Free Cash Flow
37.76
493.40
-142.30
1,877.62
340.18