Cash generation remains inconsistent, evidenced by free cash flow margins that swung from a negative 23.1% in 2025Q2 to a positive 15.7% in 2025Q4.
| Cash from Operations | 85.74B | 32.6B | 124.72B | 185.16B | 212.68B | 91.29B | 119.95M | 138.54M |
| Operating CF Margin % | - | 3.3% | 17.84% | 20.14% | 21.61% | 20.43% | 0.1% | 0.19% |
| Operating CF Growth % | -653211.84% | -73.86% | -32.64% | -12.94% | 132.96% | 76008.1% | -13.42% | - |
| Net Income | 39.24B | 27.48B | 153.63B | 21.08B | 12.25B | 38.48B | 88.03M | 87.13M |
| Depreciation & Amortization | 59.44B | 99.64B | 62.63B | 70.1B | 90.04B | 36.15B | 55.24M | 78.08M |
| Stock-Based Compensation | 0 | 0 | 682.96M | 862.18M | 429.52M | 241.85M | 0 | 0 |
| Deferred Taxes | 20.37B | -5.79B | 95.93B | 16.85B | 62.36B | 60.46B | 0 | 0 |
| Other Non-Cash Items | -24.42B | -63.79B | -172.37B | 46.12B | 8.94B | -42.9B | -27.56M | -34.27M |
| Working Capital Changes | -8.39B | -24.94B | -15.78B | 30.15B | 38.65B | -1.14B | 4.25M | 7.59M |
| Change in Receivables | -55.76B | -65.38B | -16.94B | -64.98B | -70.01B | -13.33B | -6.36M | -6.27M |
| Change in Inventory | -4.25B | -16.25B | -46.09B | -31.74B | -21.47B | 1.75B | 11.16M | 1.82M |
| Change in Payables | 35.12B | 21.26B | 54.6B | 98.46B | 75.71B | 4.9B | -3.52M | 28.43M |
| Cash from Investing | -54.37B | -77.72B | -72.89B | -78.01B | -31.99B | -53.65B | -20.22M | -330.86M |
| Capital Expenditures | -63.7B | -80.73B | -73.05B | -78.51B | -69.19B | -43B | -137.59M | -331.87M |
| CapEx % of Revenue | 7.67% | 8.17% | 10.45% | 8.54% | 7.03% | 9.62% | 0.11% | 0.46% |
| Acquisitions | 2.67B | 4.03B | 0 | 1.41B | 630.86M | 2.81B | 563.08K | 1.84M |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -51.85B | -1.81B | 153.95M | -918.3M | 20.33B | 566.15M | 116.8M | -832.09K |
| Cash from Financing | 803.86M | 68.52B | -48.27B | -89.47B | -168.05B | -53.14B | -107.44M | 127.11M |
| Debt Issued (Net) | 22.25B | 71.23B | 13.92B | 218.05B | 24.26B | -35.2B | -67.68M | 129.95M |
| Equity Issued (Net) | 0 | 0 | -594.83M | 0 | -12.19B | -14.48B | 0 | 0 |
| Dividends Paid | -3.06M | -3.5M | 0 | -189.12B | -147.87B | 0 | -37.68M | 0 |
| Share Repurchases | 0 | 0 | -594.83M | 0 | -12.19B | -14.48B | 0 | 0 |
| Other Financing | -21.44B | -2.71B | -61.59B | -118.41B | -32.25B | -3.46B | -2.08M | -2.84M |
| Net Change in Cash | 64.24B | -1.47B | -6.11B | -18.64B | -10.36B | -20.01B | 22.39M | 8.23M |
| Free Cash Flow | 20.65B | -40.66B | 50.98B | 105.2B | 142.78B | 47.67B | -16.41M | -191.76M |
| FCF Margin % | 2.49% | -4.12% | 7.29% | 11.44% | 14.51% | 10.67% | -0.01% | -0.27% |
| FCF Growth % | 259.62% | -179.76% | -51.53% | -26.32% | 199.49% | 290534.6% | 91.44% | - |
| FCF per Share | 177.10 | -348.74 | 437.25 | 901.36 | 1219.66 | 402.61 | -0.14 | -1.61 |
| FCF Conversion (FCF/Net Income) | 0.53x | 1.19x | 0.81x | 8.25x | 16.18x | 2.29x | 0.00x | 0.02x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hyperinflationary cash flow distortion
As reported in financial statements, the relationship between net income and operating cash flow is highly erratic, with the OCF/NI ratio swinging from -56.05 in 2025Q2 to 8.94 in 2025Q4, suggesting that accounting profits are frequently decoupled from the actual cash-generating capacity of the underlying industrial operations.
The extreme variance in the OCF/NI ratio indicates that net income is heavily influenced by non-cash inflationary adjustments under IAS 29 rather than operational performance. Investors should monitor this divergence, as it implies that reported earnings may provide a misleading picture of the company's ability to fund its own operations through internal cash generation.
Based on Loma Negra's reported figures, free cash flow margins have exhibited significant volatility, ranging from a negative 23.1% in 2025Q2 to a positive 15.7% in 2025Q4, reflecting the company's struggle to maintain consistent cash generation amidst a challenging and highly cyclical domestic macroeconomic environment.
The inability to sustain positive FCF margins suggests that the business model is highly sensitive to external shocks, which force periodic cash outflows that overwhelm operational inflows. This trajectory warrants further investigation into whether the company can achieve a stable cash-flow profile without relying on external financing or parent-company support.
According to recent SEC filings, the company's capital expenditure as a percentage of revenue has fluctuated between 4.4% and 10.3% over the last ten quarters, indicating that management continues to prioritize asset maintenance and expansion despite the significant inflationary pressures impacting the broader Argentine construction materials sector.
The persistent level of capital intensity suggests that Loma Negra is committed to maintaining its logistical and production moat, even when cash flow is constrained. However, if these capital outlays do not translate into improved margin realization, the current investment strategy may appear increasingly difficult to justify to shareholders.
As indicated by the provided data, working capital changes have been highly erratic, with a significant outflow of $30.3B in 2025Q1 followed by a $21.1B inflow in 2025Q4, highlighting the company's vulnerability to inventory and receivables management challenges within a hyperinflationary economy that complicates standard cash conversion cycles.
These sharp fluctuations in working capital suggest that the company is frequently forced to absorb the impact of inflationary timing differences between cash collection and inventory replenishment. This dynamic appears to be a primary driver of the company's inconsistent cash flow, necessitating a cautious approach when evaluating its short-term liquidity position.
Quick answers to the most common questions about buying LOMA stock.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) generated $32.60B in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) reported negative free cash flow of $40.66B in 2025, indicating capital requirements exceeded cash from operations.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) spent $80.73B on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) returned $3.5M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.