BMA vs. ESOA

Last updated Jun 4, 2026

BMA (Banco Macro S.A.) and ESOA (Energy Services Of America Corp) are both stocks. BMA operates in Banks - Regional (Financial Services), while ESOA operates in Engineering & Construction (Industrials). Over the past 10 years, BMA returned 7.34%/yr vs 27.45%/yr for ESOA. At a 0.05 correlation, their price movements are largely independent.

Performance

BMA vs. ESOA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Macro S.A. (BMA) and Energy Services Of America Corp (ESOA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMA achieves a -1.28% return, which is significantly lower than ESOA's 86.10% return. Over the past 10 years, BMA has underperformed ESOA with an annualized return of 7.34%, while ESOA has yielded a comparatively higher 27.45% annualized return.

BMA

• 1D: -3.20%
• 1M: 25.91%
• YTD: -1.28%
• 6M: 1.44%
• 1Y: 12.41%
• 3Y*: 83.19%
• 5Y*: 47.44%
• 10Y*: 7.34%

ESOA

• 1D: -0.85%
• 1M: -11.55%
• YTD: 86.10%
• 6M: 71.67%
• 1Y: 47.77%
• 3Y*: 91.92%
• 5Y*: 51.52%
• 10Y*: 27.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMA vs. ESOA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMA Banco Macro S.A.	-1.28%	-3.55%	277.79%	91.62%	27.04%	-9.96%	-57.05%	-14.00%	-60.72%	81.54%
ESOA Energy Services Of America Corp	86.10%	-34.42%	111.44%	140.93%	-22.02%	223.53%	32.47%	-30.56%	38.82%	-36.06%

Correlation

The correlation between BMA and ESOA is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Nov 19, 2012	0.05

The correlation between BMA and ESOA shifts across timeframes, from 0.05 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BMA : $5.51B ESOA : $266.51M
EPS BMA : $5.81K ESOA : $0.55
PE Ratio BMA : 0.01 ESOA : 27.74
PEG Ratio BMA : 0.00 ESOA : 0.64
PS Ratio BMA : 0.00 ESOA : 0.58
PB Ratio BMA : 0.00 ESOA : 3.27
Total Revenue (TTM) BMA : $4.76T ESOA : $440.96M
Gross Profit (TTM) BMA : $2.84T ESOA : $52.66M
EBITDA (TTM) BMA : $751.84B ESOA : $27.20M

Return for Risk

BMA vs. ESOA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMA

BMA Risk / Return Rank: 48
BMA Sharpe Ratio Rank: 47
BMA Sortino Ratio Rank: 51
BMA Omega Ratio Rank: 49
BMA Calmar Ratio Rank: 46
BMA Martin Ratio Rank: 46

ESOA

ESOA Risk / Return Rank: 66
ESOA Sharpe Ratio Rank: 65
ESOA Sortino Ratio Rank: 67
ESOA Omega Ratio Rank: 64
ESOA Calmar Ratio Rank: 69
ESOA Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMA vs. ESOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Macro S.A. (BMA) and Energy Services Of America Corp (ESOA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BMA	ESOA	Difference
Sharpe ratio: Return per unit of total volatility	0.17	0.76	-0.59
Sortino ratio: Return per unit of downside risk	0.89	1.60	-0.71
Omega ratio: Gain probability vs. loss probability	1.11	1.19	-0.08
Calmar ratio: Return relative to maximum drawdown	0.25	1.54	-1.29
Martin ratio: Return relative to average drawdown	0.56	3.15	-2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMA vs. ESOA - Sharpe Ratio Comparison

The current BMA Sharpe Ratio is 0.17, which is lower than the ESOA Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of BMA and ESOA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BMA	ESOA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	0.76	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.68	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.29	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.23	-0.04

Drawdowns

BMA vs. ESOA - Drawdown Comparison

The maximum BMA drawdown since its inception was -91.66%, which is greater than ESOA's maximum drawdown of -76.67%. Use the drawdown chart below to compare losses from any high point for BMA and ESOA.

Drawdown Indicators

	BMA	ESOA	Difference
Max Drawdown Largest peak-to-trough decline	-91.66%	-76.67%	-14.99%
Max Drawdown (1Y) Largest decline over 1 year	-48.89%	-31.16%	-17.73%
Max Drawdown (3Y) Largest decline over 3 years	-65.40%	-57.43%	-7.97%
Max Drawdown (5Y) Largest decline over 5 years	-65.40%	-57.43%	-7.97%
Max Drawdown (10Y) Largest decline over 10 years	-91.66%	-69.62%	-22.04%
Current Drawdown Current decline from peak	-20.47%	-20.49%	+0.02%
Average Drawdown Average peak-to-trough decline	-44.86%	-33.06%	-11.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.24%	15.21%	+8.03%

Volatility

BMA vs. ESOA - Volatility Comparison

The current volatility for Banco Macro S.A. (BMA) is 18.86%, while Energy Services Of America Corp (ESOA) has a volatility of 23.60%. This indicates that BMA experiences smaller price fluctuations and is considered to be less risky than ESOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMA	ESOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.86%	23.60%	-4.74%
Volatility (6M) Calculated over the trailing 6-month period	38.51%	47.57%	-9.06%
Volatility (1Y) Calculated over the trailing 1-year period	73.94%	63.25%	+10.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.43%	76.10%	-16.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.25%	96.22%	-33.97%

Dividends

BMA vs. ESOA - Dividend Comparison

BMA's dividend yield for the trailing twelve months is around 5.56%, more than ESOA's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BMA Banco Macro S.A.	5.56%	2.38%	6.10%	7.75%	7.28%	0.00%	0.00%	6.20%	5.05%	0.65%	1.53%
ESOA Energy Services Of America Corp	0.79%	1.47%	0.24%	1.84%	0.00%	0.00%	0.00%	6.49%	0.00%	5.88%	0.00%

Financials

BMA vs. ESOA - Profitability Comparison

The chart below illustrates the profitability comparison between Banco Macro S.A. and Energy Services Of America Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BMA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported a gross profit of 1.17T and revenue of 1.91T. Therefore, the gross margin over that period was 61.1%.

ESOA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Services Of America Corp reported a gross profit of 10.23M and revenue of 93.17M. Therefore, the gross margin over that period was 11.0%.

BMA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported an operating income of 212.69B and revenue of 1.91T, resulting in an operating margin of 11.2%.

ESOA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Services Of America Corp reported an operating income of 1.06M and revenue of 93.17M, resulting in an operating margin of 1.1%.

BMA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Macro S.A. reported a net income of 140.24B and revenue of 1.91T, resulting in a net margin of 7.4%.

ESOA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Services Of America Corp reported a net income of 215.55K and revenue of 93.17M, resulting in a net margin of 0.2%.

Frequently Asked Questions

Can I hold both BMA and ESOA in my portfolio?

BMA and ESOA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMA or ESOA?

ESOA has higher volatility (23.60%) compared to BMA (18.86%). In terms of maximum drawdown, BMA dropped -91.66% vs ESOA's -76.67%.

Which has better risk-adjusted returns?

ESOA currently has the higher Sharpe Ratio (0.76 vs 0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.