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Operates airports across Latin America, Armenia and Italy under long-term government concessions.
Operates airports across Latin America, Armenia and Italy under long-term government concessions.
Paid by airlines for each landing and by passengers through airport fees, plus rent and sales from shops, parking and cargo facilities. Argentina's airport system, run under a concession since the late 1990s, carries the business, and the Eurnekian family, which founded the group, remains its controlling shareholder.
Moat: wide (regulatory licence, scale). Long-term government airport concessions across many countries function as regional monopolies.
Headquarters: Luxembourg City, Luxembourg · Founded: 1998 · Employees: 6,300
Size Corporacion America Airports (CAAP) is a United States Industrials company (Other Transportation) with a market value of $4.00B, the 1342nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $24.54 on 6 Nov 2026.
Performance Over six months the shares fell 2.7%, against -3.0% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 16.2% over the last twelve months (peer median +3.8%); the operating margin is 23.0% (peer median 16.7%).
Valuation It trades at 9.6× forward earnings against a peer median of 15.5× (4th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -33 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.7 points above its cost of capital (7.8% WACC).
Short interest Short interest is 1.3% of the free float (15 Oct 2026).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.16B | $1.96B | $1.84B | $1.40B | $1.38B |
| Revenue growth | — | +6% | +32% | +2% | — |
| Gross profit | $732M | $678M | $602M | $483M | $412M |
| EBITDA | $758M | $702M | $614M | $497M | $408M |
| Net income | $293M | $248M | $283M | $240M | $168M |
| Free cash flow | $369M | $365M | $297M | $263M | $182M |
| Capital expenditure | $17.8M | $18.7M | $13.7M | $10.9M | $9.82M |
| Total debt | $1.09B | $1.10B | $1.17B | $1.35B | $1.47B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Corporacion America Airports CAAP | $4.00B | -3% | +16% | 23% | 9.6× | -6.3% |
| Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR PAC | $14.5B | +1% | +20% | 44% | 17.1× | 8.2% |
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMAB | $5.21B | +2% | +21% | 53% | 13.2× | -5.1% |
| Fraport FRA.DE | $7.09B | +1% | +3% | 19% | 21.2× | 6.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CAAP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.6% | +2.5% | 9th lowest of 21 |
| 6-month return | -2.7% | -3.0% | 10th highest of 21 |
| Distance from 52-week high | -19.5% | -17.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +16.2% | +3.8% | 4th highest of 21 |
| Operating margin | 23.0% | 16.7% | 7th highest of 21 |
| Forward P/E | 9.6× | 15.5× | 4th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -6.3% | -1.2% | 4th least demanding of 15 |
| Growth delivered (Del g) | +26.4% | +8.8% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -32.8 pp | -6.5 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | +9.7 pp | +0.0 pp | 2nd highest of 21 |
| EV / EBITDA | 5.7× | 10.2× | cheapest of 10 |
| Net debt / EBITDA | 0.3× | 3.0× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Corporacion America Airports CAAP | United States | $4.00B | -3% | +16% | 23% | 9.6× | -6.3% | +26.4% |
| Wilh. Wilhelmsen WWI.OL | Norway | $3.87B | +23% | -4% | 10% | 8.4× | 6.2% | +11.0% |
| Anhui Expressway 0995.HK | Hong Kong | $4.18B | -3% | -17% | 45% | 10.5× | -5.8% | +16.6% |
| Kintetsu 9041.T | Japan | $4.23B | +5% | +2% | 5% | 13.5× | n/a | n/a |
| Atlas Arteria ALX.AX | Australia | $3.78B | -21% | +2% | -20% | 20.6× | -3.5% | +8.9% |
| Tangshan Port 601000.SS | China | $4.27B | +3% | +10% | 39% | 13.9× | -11.0% | -6.2% |
| SATS S58.SI | Singapore | $4.34B | +15% | +9% | 9% | 17.6× | -0.2% | +45.6% |
| Taiwan High Speed Rail 2633.TW | Taiwan | $4.36B | -3% | +4% | 39% | 19.2× | 0.8% | +6.9% |
| Guangzhou Port 601228.SS | China | $3.54B | -3% | -18% | 11% | n/a | n/a | n/a |
| Liaoning Port 2880.HK | Hong Kong | $4.53B | -26% | +1% | 21% | n/a | -9.0% | -2.0% |
| Hainan Airport Infrastructure 600515.SS | China | $4.56B | -26% | +25% | -5% | 133.0× | n/a | n/a |
| Japan Airport Terminal 9706.T | Japan | $3.46B | +16% | +8% | 17% | 19.2× | -2.3% | +40.7% |
| COSCO SHIPPING Ports 1199.HK | Hong Kong | $3.32B | +18% | +12% | 14% | 8.5× | 8.7% | +10.9% |
| Zhejiang Expressway 0576.HK | Hong Kong | $4.86B | -13% | +18% | 33% | 5.9× | n/a | n/a |
| ENAV ENAV.MI | Italy | $3.19B | +8% | +3% | 9% | 26.9× | 13.8% | +6.0% |
| Guangzhou Baiyun International Airport 600004.SS | China | $3.18B | -6% | +9% | 11% | 25.2× | -12.5% | +8.8% |
| Beibu Gulf Port 000582.SZ | China | $3.14B | -25% | -1% | 21% | 18.6× | n/a | n/a |
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMAB | United States | $5.21B | +2% | +21% | 53% | 13.2× | -5.1% | +27.2% |
| Tokyo Metro 9023.T | Japan | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% | +7.4% |
| Shenzhen Expressway 600548.SS | China | $2.99B | -4% | -5% | 17% | 14.4× | 0.6% | +2.9% |
| Sichuan Expressway 601107.SS | China | $2.89B | +16% | +7% | 27% | 13.2× | n/a | n/a |