Grupo Financiero Galicia S.A. (GGAL) Key Metrics
GGAL key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Argentine pesosGGAL returns How much profit the business earns on the capital it uses.
GGAL financial health Debt, liquidity and how easily interest is covered.
GGAL efficiency & capital use Working capital cycle and where the cash goes.
GGAL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GGAL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GGAL cash returned to shareholders
GGAL key metrics in Argentine pesos
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.1% | 40.2% | 28.1% | 18.8% | 78.2% | 53.4% | 63.3% | −8.1% | 24.6% | 34.5% |
| Return on invested capital (ROIC) | 6.6% | 36.5% | 20.0% | 21.5% | 188.5% | 134.1% | 358.2% | — | 20.8% | 70.2% |
| Return on assets (ROA) | 0.5% | 7.6% | 10.8% | 13.0% | 13.8% | 8.6% | 7.9% | −0.9% | 2.9% | 3.0% |
| Return on tangible assets | 0.5% | 5.0% | 7.2% | 9.9% | 11.4% | 7.1% | 7.4% | −0.9% | 2.1% | 2.5% |
| Free cash flow margin | 0.3% | −27.4% | 11.5% | 6.6% | 9.5% | 20.4% | −10.6% | 16.3% | −32.7% | 48.9% |
| Income quality (OCF / net income) | −7.55 | −1.66 | 8.47 | 1.76 | 1.50 | 2.48 | −0.99 | — | −4.16 | 4.16 |
| Financial health | ||||||||||
| Total debt | ARS 3.60T | ARS 2.16T | ARS 491.99B | ARS 157.72B | ARS 77.96B | ARS 52.56B | ARS 88.08B | ARS 59.20B | ARS 70.22B | ARS 15.22B |
| Cash & short-term investments | ARS 9.37T | ARS 3.76T | −ARS 1.93T | ARS 447.54B | ARS 237.43B | ARS 175.42B | ARS 130.65B | ARS 143.31B | ARS 42.82B | ARS 17.27B |
| Net debt | −ARS 5.77T | −ARS 1.60T | ARS 2.42T | −ARS 289.82B | −ARS 159.47B | −ARS 122.86B | −ARS 42.57B | −ARS 84.11B | ARS 27.39B | −ARS 2.05B |
| Debt / equity | 0.46 | 0.36 | 0.24 | 0.05 | 0.26 | 0.29 | 0.90 | 1.05 | 1.09 | 0.75 |
| Debt / assets | 0.08 | 0.07 | 0.05 | 0.05 | 0.05 | 0.05 | 0.13 | 0.10 | 0.14 | 0.06 |
| Net debt / EBITDA | −9.48 | −0.67 | 1.70 | −0.46 | −0.42 | −0.77 | −0.46 | −12.13 | 1.09 | −0.21 |
| Current ratio | 0.60 | 0.66 | 5.68 | 1.22 | 3.56 | 3.98 | 2.13 | 0.14 | 2.90 | 12.28 |
| Quick ratio | 0.60 | 0.66 | 9.24 | 2.99 | 10.57 | 9.73 | 5.00 | 0.14 | 2.90 | 12.28 |
| Interest coverage | 0.1 | 0.7 | 0.2 | 0.1 | 0.3 | 0.5 | 0.4 | 0.1 | 0.6 | 0.6 |
| Working capital | −ARS 11.68T | −ARS 6.46T | ARS 2.89T | ARS 91.96B | ARS 185.96B | ARS 139.12B | ARS 70.88B | −ARS 919.76B | ARS 28.08B | ARS 15.87B |
| Invested capital | ARS 1.99T | ARS 4.47T | ARS 4.44T | ARS 2.92T | ARS 143.10B | ARS 57.00B | ARS 54.85B | −ARS 27.51B | ARS 91.92B | ARS 18.30B |
| Tangible asset value | ARS 7.38T | ARS 5.76T | ARS 1.90T | ARS 3.17T | ARS 281.33B | ARS 165.39B | ARS 91.91B | ARS 52.86B | ARS 65.75B | ARS 19.23B |
| Net current asset value | −ARS 20.55T | −ARS 13.66T | −ARS 4.76T | ARS 338.11B | −ARS 1.12T | −ARS 692.27B | −ARS 433.31B | −ARS 360.51B | −ARS 379.34B | −ARS 203.16B |
| Capital allocation | ||||||||||
| Dividends paid | ARS 383.46B | ARS 614.94B | ARS 179.28B | ARS 25.17B | ARS 1.93B | ARS 2.04B | ARS 2.00B | ARS 2.49B | ARS 859.2M | ARS 150.0M |
| Share buybacks (net) | — | ARS 979.3M | — | — | — | — | ARS 127.0M | ARS 0 | ARS 8.83B | ARS 0 |
| Dividend payout ratio | 180.4% | 37.8% | 24.4% | 7.6% | 1.0% | 2.8% | 4.1% | — | 8.2% | 2.5% |
| Dividends + buybacks / free cash flow | 952.2% | — | 11.3% | 4.5% | 0.7% | 1.2% | — | 13.7% | — | 0.6% |
| Capex / revenue | 2.3% | 2.0% | 0.5% | 0.2% | 0.3% | 0.8% | 1.1% | 5.1% | 3.4% | 1.8% |
| Capex / operating cash flow | — | — | 1.2% | 3.2% | 3.5% | 3.9% | — | 23.7% | — | 3.6% |
| Capex / depreciation | 0.94 | 1.14 | 0.30 | 0.66 | 0.69 | 0.86 | 2.16 | 1.64 | 2.26 | 2.99 |
| SG&A / revenue | 17.1% | 13.4% | 8.1% | 12.0% | 15.5% | 17.2% | 15.7% | 14.4% | 34.0% | 25.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 203.9 | 104.8 | 2.9 | 1.6 | 2.0 | 2.8 | 2.7 | 12.7 | 28.5 | 104.3 |
| Days of inventory on hand | — | — | -76.0 | -53.7 | -115.1 | -222.1 | -134.8 | -1.4 | 0.2 | 0.0 |
| Days payables outstanding | — | 17.5 | 59.5 | 138.0 | 251.1 | 595.1 | 810.3 | -7,368.6 | 13.2 | 24.2 |
| Cash conversion cycle (days) | — | 87.3 | -132.6 | -190.1 | -364.2 | -814.4 | -942.4 | 7,379.9 | 15.5 | 80.1 |
| Receivables turnover | 1.79 | 3.48 | 125.03 | 224.53 | 181.16 | 131.76 | 134.70 | 28.63 | 12.82 | 3.50 |
| Payables turnover | — | 20.86 | 6.13 | 2.65 | 1.45 | 0.61 | 0.45 | −0.05 | 27.72 | 15.07 |
| Inventory turnover | — | — | — | — | — | — | — | −258.60 | 1,731.97 | 17,772.52 |
| Asset turnover | 0.32 | 0.50 | 2.03 | 3.37 | 2.09 | 1.01 | 0.83 | 0.21 | 0.40 | 0.24 |
| Average receivables | ARS 6.94T | ARS 3.05T | ARS 111.13B | ARS 37.94B | ARS 15.81B | ARS 6.57B | ARS 3.79B | ARS 3.92B | ARS 11.55B | ARS 14.08B |
| Average payables | — | ARS 189.99B | ARS 1.14T | ARS 1.58T | ARS 848.78B | ARS 600.36B | ARS 538.72B | ARS 274.93B | ARS 1.78B | ARS 1.33B |
| Average inventory | — | — | −ARS 1.46T | −ARS 616.54B | −ARS 389.14B | −ARS 224.04B | −ARS 89.62B | ARS 52.7M | ARS 28.5M | ARS 1.1M |
| Intangibles / total assets | 0.8% | 0.9% | 1.2% | 1.1% | 1.3% | 1.4% | 0.8% | 0.7% | 0.4% | 1.1% |
Computed from GGAL's annual financial statements (latest annual report filed April 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Argentine pesos; data from EODHD. Averages use the opening and closing balance of each year.
GGAL valuation and financial ratios
Grupo Financiero Galicia earned a return on equity of 3.1% and a return on invested capital of 6.6% in fiscal 2025. It ended the year with ARS 3.60 trillion of debt and ARS 9.37 trillion in cash and short-term investments, a net cash position of ARS 5.77 trillion. It returned ARS 383.5 billion to shareholders: ARS 383.5 billion in dividends and ARS 0 in share buybacks, 952% of free cash flow.
See the GGAL income statement, the GGAL chart for price history, or the GGAL stock overview for the latest quote and news.
GGAL key metrics FAQ
What is Grupo Financiero Galicia's return on equity?
Grupo Financiero Galicia's return on equity (ROE) was 3.1% in fiscal 2025: net income of ARS 212.5 billion on average shareholders' equity of ARS 6.91 trillion.
What is Grupo Financiero Galicia's ROIC?
Grupo Financiero Galicia's return on invested capital was 6.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Grupo Financiero Galicia have?
Grupo Financiero Galicia had total debt of ARS 3.60 trillion at the end of fiscal 2025, a debt-to-equity ratio of 0.46 and more cash than debt.
What is Grupo Financiero Galicia's current ratio?
Grupo Financiero Galicia's current ratio was 0.60 at the end of fiscal 2025: current assets were 0.60 times current liabilities.