| Market Cap | €37.04B | |
| Enterprise Value | — | |
| Revenue | €3.17B | +8.2% |
| Gross Profit | €1.64B | +10.9% |
| EBITDA | — | — |
| Net Income | €723.7M | +5.5% |
| Diluted EPS | €14.70 | +5.8% |
| Free Cash Flow | €842.4M | +15.4% |
| DPS (FY2025) | €3.00 |
| Trailing yield | 0.40% |
| Payout ratio | 20.4% |
| Growth streak | — |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €3.00 | — | reported |
| FY20242024-12-31 | €2.74 | +10.2% | derived (paid ÷ diluted shares) |
| FY20232023-12-31 | €2.49 | +0.5% | derived (paid ÷ diluted shares) |
| FY20222022-12-31 | €2.48 |
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 7y | vs own |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 49.73% | 46.95% | 47.87% | 47.40% | 48.27% | 50.51% | 51.80% | 93% | |
| Operating Margin | 29.50% | 24.63% | 28.41% | 26.23% | 24.82% | 27.35% | 29.56% | 93% | |
| EBITDA Margin | 35.60% | 31.34% | 33.93% | 31.31% | 31.68% | 34.03% | — | — | |
| NOPAT Margin | 25.36% | 21.04% | 23.53% | 20.21% | 21.54% | 21.61% | 23.13% | 64% | |
| Net Margin | 25.63% | 21.49% | 28.60% | 16.14% | 28.55% | 23.38% | 22.81% | 36% | |
| FCF Margin | 34.28% | 12.72% | 17.83% | 18.26% | 22.08% | 24.88% | 26.55% | 79% | |
| FCFF Margin | 34.40% | 12.85% | 17.93% | 18.39% | 22.53% | 25.17% | 26.64% | 79% | |
| OCF Margin | 38.08% | 19.90% | 22.00% | 22.46% | 27.93% | 30.61% | 33.43% | 79% | |
| Gross Profitability | 29.35% | 27.96% | 30.55% | 30.47% | 30.09% | 28.70% | 30.80% | 93% | |
| Capex Intensity | 3.79% | 7.19% | 4.17% | 4.20% | 5.85% | 5.73% | 6.89% | 79% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Capital allocation · 5 ratios | |||||||||
| ▸Per share · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 18.4% vs reported ROE 18.7%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | €1.28B | €1.33B | €1.73B | €2.41B | €2.63B | €2.93B | €3.17B |
| YoY % | +3.4% | +30.3% | +39.4% | +9.3% | +11.3% | +8.2% | |
| Cost of Revenue | €645.4M | €704.6M | €901.8M | €1.27B | €1.36B | €1.45B | €1.53B |
| YoY % | +9.2% | +28.0% | +40.6% | +7.5% | +6.5% | +5.4% | |
| Gross Profit | €638.5M | €623.6M | €828.1M | €1.14B | €1.27B | €1.48B | €1.64B |
| YoY % | -2.3% | +32.8% | +38.0% | +11.3% | +16.5% | +10.9% | |
| R&D Expense | €110.8M | €139.0M | €151.2M | €233.9M | €309.3M | €369.8M | €409.0M |
| YoY % | +25.4% | +8.8% | +54.7% | +32.3% | +19.6% | +10.6% | |
| SG&A Expense | €148.9M | €157.4M | €189.5M | €276.6M | €308.7M | €316.8M | €296.5M |
| YoY % | +5.7% | +20.4% | +45.9% | +11.6% | +2.6% | -6.4% | |
| Total Operating Expenses | €259.8M | €296.4M | €340.7M | €510.5M | €618.0M | €686.6M | €705.6M |
| YoY % | +14.1% | +15.0% | +49.8% | +21.1% | +11.1% | +2.8% | |
| Operating Income | €378.7M | €327.1M | €491.5M | €632.4M | €653.7M | €802.1M | €938.0M |
| YoY % | -13.6% | +50.2% | +28.7% | +3.4% | +22.7% | +16.9% | |
| Interest Expense | €1.8M | €2.0M | €2.0M | €4.1M | €13.6M | €10.6M | €3.9M |
| YoY % | +13.7% | +0.2% | +103.7% | +231.9% | -22.1% | -63.2% | |
| Interest & Investment Income | — | — | — | — | — | €21.7M | €53.1M |
| YoY % | +144.7% | ||||||
| Equity Method Income | €4.2M | €31.9M | €74.4M | €64.8M | €17.5M | €9.6M | — |
| YoY % | +652.3% | +132.8% | -12.9% | -72.9% | -45.0% | ||
| Pretax Income | €382.7M | €334.1M | €597.3M | €505.0M | €866.5M | €867.9M | €924.9M |
| YoY % | -12.7% | +78.8% | -15.5% | +71.6% | +0.2% | +6.6% | |
| Income Tax | €53.6M | €48.7M | €102.6M | €115.9M | €114.4M | €182.2M | €201.2M |
| YoY % | -9.3% | +110.8% | +12.9% | -1.2% | +59.2% | +10.4% | |
| Net Income (incl. NCI) | €329.0M | €285.4M | €494.7M | €389.1M | €752.1M | €685.7M | — |
| YoY % | -13.3% | +73.3% | -21.3% | +93.3% | -8.8% | ||
| Net Income | — | — | — | — | — | €685.7M | €723.7M |
| YoY % | +5.5% | ||||||
| EPS (Basic) | €6.66 | €5.84 | €10.17 | €7.97 | €15.26 | €13.95 | €14.77 |
| YoY % | -12.3% | +74.1% | -21.6% | +91.5% | -8.6% | +5.9% | |
| EPS (Diluted) | €6.58 | €5.78 | €10.11 | €7.93 | €15.18 | €13.89 | €14.70 |
| YoY % | -12.2% | +74.9% | -21.6% | +91.4% | -8.5% | +5.8% | |
| Weighted Avg Shares (Basic) | — | — | 48.6M | 48.8M | 49.3M | 49.2M | 49.0M |
| YoY % | +0.4% | +1.0% | -0.2% | -0.3% | |||
| Weighted Avg Shares (Diluted) | — | — | 48.9M | 49.1M | 49.6M | 49.4M | 49.2M |
| YoY % | +0.4% | +0.9% | -0.3% | -0.3% | |||
| Dividends Declared per Share | — | — | — | — | — | — | €3 |
Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| +25.1% |
| derived (paid ÷ diluted shares) |
| FY20212021-12-31 | €1.98 | — | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | — | — | reported |
| FY20192019-12-31 | — | — | reported |
