Revenue growth reached 34.1% in 2026Q1, yet gross margins remain highly sensitive to macroeconomic headwinds, fluctuating between 17.3% and 31.2% over the last ten quarters.
| Sales/Revenue | 829.94B | 988.07B | 699.18B | 919.31B | 984.19B | 446.87B | 122.38B | 72.08B |
| Revenue Growth % | 11.14% | 41.32% | -23.95% | -6.59% | 120.24% | 265.14% | 69.79% | - |
| Cost of Goods Sold | 647.59B | 772.52B | 512.2B | 688.69B | 718.41B | 305.63B | 85.34B | 52.39B |
| COGS % of Revenue | - | 78.19% | 73.26% | 74.91% | 73% | 68.39% | 69.74% | 72.68% |
| Gross Profit | 182.35B | 215.54B | 186.98B | 230.63B | 265.78B | 141.24B | 37.04B | 19.69B |
| Gross Margin % | 21.97% | 21.81% | 26.74% | 25.09% | 27% | 31.61% | 30.26% | 27.32% |
| Gross Profit Growth % | - | 15.28% | -18.93% | -13.23% | 88.17% | 281.34% | 88.07% | - |
| Operating Expenses | 100.33B | 120.44B | 80.6B | 94.38B | 94.71B | 42.89B | 11.58B | 6.58B |
| OpEx % of Revenue | - | 12.19% | 11.53% | 10.27% | 9.62% | 9.6% | 9.46% | 9.13% |
| Selling, General & Admin | 91.64B | 109.92B | 53.89B | 61.18B | 58.42B | 25.28B | 6.69B | 3.77B |
| SG&A % of Revenue | - | 11.12% | 7.71% | 6.65% | 5.94% | 5.66% | 5.46% | 5.23% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 4M | 10.52B | 26.71B | 33.21B | 36.29B | 17.62B | 4.89B | 2.81B |
| Operating Income | 82.02B | 95.1B | 106.39B | 136.24B | 171.07B | 98.35B | 25.46B | 13.11B |
| Operating Margin % | 9.88% | 9.63% | 15.22% | 14.82% | 17.38% | 22.01% | 20.8% | 18.19% |
| Operating Income Growth % | - | -10.61% | -21.92% | -20.36% | 73.95% | 286.35% | 94.14% | - |
| EBITDA | 133.65B | 194.75B | 169.01B | 206.35B | 261.11B | 134.5B | 37.18B | 18.63B |
| EBITDA Margin % | 16.1% | 19.71% | 24.17% | 22.45% | 26.53% | 30.1% | 30.38% | 25.85% |
| EBITDA Growth % | -24.01% | 15.23% | -18.09% | -20.97% | 94.14% | 261.73% | 99.58% | - |
| D&A (Non-Cash Add-back) | 60.3B | 99.64B | 62.63B | 70.1B | 90.04B | 36.15B | 11.73B | 5.52B |
| EBIT | 120.66B | 111.06B | 307.95B | 174.75B | 115.67B | 102.61B | 31.32B | 12.45B |
| Net Interest Income | -54.26B | -62.89B | -57.41B | -125.89B | -30.8B | 2.54B | -15.99M | -2.36B |
| Interest Income | 2.98B | 4.63B | 992.22M | 10.92B | 10.25B | 6.2B | 1.15M | 0 |
| Interest Expense | 57.25B | 67.53B | 58.4B | 136.82B | 41.05B | 3.66B | 17.15M | 2.36B |
| Other Income/Expense | -18.6B | -51.57B | 143.17B | -98.31B | -96.46B | 600.99M | -413.54M | -3.02B |
| Pretax Income | 63.42B | 43.53B | 249.55B | 37.93B | 74.61B | 98.95B | 25.04B | 10.09B |
| Pretax Margin % | 7.64% | 4.41% | 35.69% | 4.13% | 7.58% | 22.14% | 20.46% | 14% |
| Income Tax | 25.04B | 16.95B | 95.93B | 16.85B | 62.36B | 60.46B | 6.66B | 3.32B |
| Effective Tax Rate % | 39.49% | 38.93% | 38.44% | 44.42% | 83.58% | 61.11% | 26.58% | 32.91% |
| Net Income | 39.24B | 27.48B | 153.81B | 22.44B | 13.15B | 39.95B | 33.37B | 7.89B |
| Net Margin % | 4.73% | 2.78% | 22% | 2.44% | 1.34% | 8.94% | 27.27% | 10.95% |
| Net Income Growth % | -66.14% | -82.14% | 585.4% | 70.7% | -67.09% | 19.7% | 323.04% | - |
| Net Income (Continuing) | 38.38B | 26.59B | 153.63B | 21.08B | 12.25B | 38.48B | 18.39B | 6.77B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 15.08B | 1.54B |
| Minority Interest | -1.53B | -1.06B | -222.14M | -39.12M | 606.69M | 326.62M | 409.38M | 3.04B |
| EPS (Diluted) | 336.53 | 232.15 | 6590.15 | 88.30 | 51.55 | 337.40 | 280.00 | 43.85 |
| EPS Growth % | -58.46% | -96.48% | 7363.36% | 71.29% | -84.72% | 20.5% | 538.54% | - |
| EPS (Basic) | - | 232.15 | 6590.15 | 88.30 | 51.55 | 337.40 | 280.00 | 43.85 |
| Diluted Shares Outstanding | 116.6M | 116.6M | 116.6M | 116.71M | 117.06M | 118.41M | 119.21M | 119.21M |
| Basic Shares Outstanding | 116.6M | 116.6M | 116.6M | 116.71M | 117.06M | 118.41M | 119.21M | 119.21M |
| Dividend Payout Ratio | - | 0.01% | - | 842.73% | 1124.77% | - | 0.11% | - |
Hyperinflationary accounting volatility
As reported in financial statements, Loma Negra's revenue growth reached 34.1% in 2026Q1, yet this figure must be interpreted cautiously against the backdrop of Argentina's hyperinflationary environment, which often obscures whether top-line expansion reflects genuine volume increases or merely necessary price adjustments to maintain purchasing power.
The erratic quarterly revenue fluctuations suggest that the company is struggling to maintain consistent demand in a highly sensitive domestic market. Investors should monitor whether these nominal gains are being driven by pricing power or if they are simply lagging indicators of broader inflationary pressures within the Argentine economy.
Based on reported figures, the gross margin fluctuated between 17.3% and 31.2% over the last ten quarters, highlighting the company's difficulty in passing through volatile energy and logistics costs to consumers in a market where pricing power appears constrained by macroeconomic headwinds and competitive pressures.
The significant variance in gross margins suggests that Loma Negra lacks the structural pricing power to fully insulate its profitability from input cost spikes. This volatility implies that the company's operational efficiency is highly susceptible to external shocks, particularly regarding energy and transportation costs.
According to recent SEC filings, operating income has shown significant volatility, with margins ranging from 7.0% to 18.5%, indicating that the company's ability to scale operating profit relative to gross profit is frequently hampered by fluctuating SG&A expenses and the high fixed-cost nature of cement production.
The lack of consistent operating leverage suggests that management is struggling to optimize overhead in response to shifting revenue levels. This inconsistency may indicate that the company is forced to maintain high fixed costs to support its infrastructure, limiting its ability to protect operating margins during cyclical downturns.
As indicated by the provided data, net income has swung from a loss of $9.3B in 2023Q4 to a profit of $41.0B in 2026Q1, a trend that appears heavily influenced by non-operating items and the mandatory application of IAS 29 accounting standards in Argentina.
The extreme volatility in net income suggests that reported earnings may not be a reliable proxy for underlying operational cash generation. Investors should be wary of these figures, as they likely incorporate significant non-cash monetary gains or losses that do not reflect the actual health of the core business.
While the company maintains a low debt-to-equity ratio of 0.28%, the persistent volatility in net margins, which dipped to -4.0% in 2025Q3, suggests that the business model remains highly vulnerable to the intersection of domestic economic instability and the parent company's potential liquidity requirements.
Short-term observers might argue that the company's defensive capital structure is a sign of strength, but this may actually mask a lack of growth investment or an inability to access credit. The reliance on the retail 'self-build' market as a store of value may be insufficient to offset the risks posed by a potential decline in large-scale infrastructure spending.
Quick answers to the most common questions about buying LOMA stock.
For fiscal year 2025, Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) reported total revenue of $988.07B. This represents a 1270.8% increase compared to $72.08B in 2019.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) is profitable, generating $27.48B in net income for the fiscal year ending 2025 with a net profit margin of 2.8%.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) reported an operating income of $95.10B, resulting in an operating profit margin of 9.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) generated $215.54B in gross profit for the year, representing a gross profit margin of 21.8%. This demonstrates the company's core pricing power and production efficiency.