profit from every $100 of sales.
$0$100
Banco Macro
$55.23-3.49% today
-36.0% in 1 year
1-year low $55.231-year high $104.70
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2024.
0%20% a year
You pay $12.74 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Banco Macro sold, what it kept, and what it did with the cash.
Sales went from ARS 1.13 trillion in 2021 to ARS 5.95 trillion in 2024, with ARS 428 billion of profit last year.
SalesProfit
Banco Macro handed back 25% of the cash it generated last year.
ARS 614.3B
Free cash flow 2024ARS 2.47T
Bought back its own shares–
Paid as dividendsARS 614.3B
Cash vs. debtARS 3.65T vs. ARS 587.3B
Banco Macro vs. similar companies
Banco Macro grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Banco Macro | 12.7× · Cheap | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.5× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Banco Macro's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of ARS | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 1,127,532 | 3,280,117 | 8,080,277 | 5,949,817 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 138,745 | 276,451 | 1,667,326 | 428,194 | |
| – | 673.09 | 9,185.05 | 5,069.38 | |
| – | – | – | – | |
| – | – | – | – | |
| 12.3% | 8.4% | 20.6% | 7.2% |
Balance sheet
| In millions of ARS | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total assets | 1,946,567 | 6,508,794 | 14,629,820 | 19,064,605 |
| Cash | 335,692 | 778,797 | 2,694,677 | 3,651,940 |
| Total debt | 90,355 | 239,194 | 863,391 | 587,304 |
| Total liabilities | 1,479,770 | 4,913,674 | 10,190,197 | 13,735,943 |
| 466,724 | 1,594,856 | 4,438,608 | 5,326,519 | |
| – | 64 | 64 | 64 | |
| – | – | – | – | |
| 29.7% | 17.3% | 37.6% | 8.0% |
Cash flow
| In millions of ARS | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 271,768 | 3,510,892 | -244,152 | 2,633,788 | |
| 41,810 | 164,965 | 163,495 | 163,800 | |
| 229,958 | 3,345,927 | -407,647 | 2,469,988 | |
| Dividends paid | – | 129,488 | 515 | 614,255 |
| 0 | – | – | – | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 12.7×
- 0.0×
- –
- 1.1×
- 0.9×
- 7.8%
- 11.3%
Profitability
- 7.2%
- 1.2%
- 15.2%
- 5.8%
- 1.2%
Growth
- +74.1%
- –
- –
- −0.0%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 30%of 827
Bottom 22%of 709
Top 43%of 876
Top 4%of 879
Top 3%of 926
What analysts expect
- Average price target
- $130.00
- Range
- $130.00 – $130.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Feb 25, 2026 | 1.98 | 1.38 | +43.5% |
| Nov 26, 2025 | -0.39 | 0.67 | −158.2% |
| Aug 27, 2025 | 1.95 | 1.99 | −2.0% |
| May 28, 2025 | 0.65 | 1.66 | −60.8% |
| Apr 2, 2025 | 8.89 | 2.41 | +268.9% |
| Nov 27, 2024 | 1.51 | 2.21 | −31.7% |
| Aug 22, 2024 | -4.01 | 1.49 | −369.1% |
| May 23, 2024 | 5.02 | 2.18 | +130.3% |
11.3%of the share price, paid each year
On $1,000 invested$113a year at today's yield, before tax
–per share
Raised–not every year
Paid per share, each year
$1.00 in 2016 → $2.14 in 2025
How safe it looks
143.5% of its profit
Room to growStretchedMore than it earns: 24.9%
News
Banco Bradesco declares $0.0038 dividendSeeking Alpha · Oct 15, 2026Banco Bradesco S.A. declares $0.0035 dividendSeeking Alpha · Oct 15, 2026Quant snapshot: Okta and Citi Trends lead top-rated names, as Banco BBVA Argentina and Prudential lagSeeking Alpha · Aug 24, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
68Pass
Benjamin Graham
88Pass
Philip Fisher
68Pass
Peter Lynch
84Pass
Joel Greenblatt
17No pass
Charlie Munger
60Pass
Terry Smith
53No pass
Questions about Banco Macro
Is Banco Macro a good stock to buy?
A business with weak numbers, and the price looks low. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Banco Macro AI analysis
What does Banco Macro do?
Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It is in Banks - Regional, based in Buenos Aires, Argentina, with 8,490 employees.
Does Banco Macro pay a dividend?
Yes. At today's price the dividend is 11.3% a year, about 143% of its yearly profit. In 2024 it paid out $614 billion in dividends.
Is Banco Macro stock halal?
No. Banco Macro does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Banco Macro stock done over the past year?
Down 36.0% over the past twelve months, to $55.23. It traded between $55.23 and $104.70 and is 47.2% below its high.
Who are Banco Macro's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Banco Macro's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.