| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | €620.4M | +149.4% |
| Gross Profit | €383.6M | +208.1% |
| EBITDA | €425.3M | +237.4% |
| Net Income | €280.2M | +330.6% |
| Diluted EPS | €0.79 | +315.8% |
| Free Cash Flow | -€841.5M | — |
| Ratio | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 5y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||
| Gross Margin | 36.20% | 53.45% | 44.89% | 50.06% | 61.84% | 90% | 63% | |
| Operating Margin | 18.27% | 38.70% | 13.30% | 27.92% | 51.22% | 90% | 91% | |
| EBITDA Margin | 45.31% | 60.02% | 34.52% | 50.67% | 68.55% | 90% | 96% | |
| NOPAT Margin | 18.27% | — | 13.30% | 26.92% | 49.85% | 88% | 99% | |
| Net Margin | 12.23% | 33.40% | 10.59% | 26.16% | 45.17% | 90% | 99% | |
| FCF Margin | −217.83% | −183.76% | −3.24% | −210.04% | −135.64% | 70% | 3% | |
| FCFF Margin | −208.82% | — | 0.89% | −207.25% | −129.78% | 63% | 2% | |
| FCFE Margin | −234.24% | −138.23% | 74.96% | −67.18% | 30.38% | 70% | 87% | |
| OCF Margin | 49.56% | 27.28% | 58.35% | 37.43% | 63.54% | 90% | 99% | |
| Gross Profitability | 5.19% | 8.49% | 3.89% | 6.43% | 11.23% | 90% | 38% | |
| Capex Intensity | 267.39% | 211.05% | 61.59% | 247.47% | 199.19% | 30% | 97% | |
| ▸Returns on Capital · 6 ratios | ||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||
| ▸Earnings quality · 7 ratios | ||||||||
| ▸Liquidity & coverage · 8 ratios | ||||||||
| ▸Leverage · 9 ratios | ||||||||
| ▸Working capital · 8 ratios | ||||||||
| ▸Capital allocation · 2 ratios | ||||||||
| ▸Per share · 6 ratios | ||||||||
| ▸Other · 1 ratios | ||||||||
The five drivers multiply to 23.8% vs reported ROE 20.5%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|
| Revenue | €60.9M | €106.4M | €108.6M | €248.7M | €620.4M |
| YoY % | +74.6% | +2.1% | +129.0% | +149.4% | |
| Cost of Revenue | €38.9M | €49.5M | €59.9M | €124.2M | €236.8M |
| YoY % | +27.4% | +20.8% | +107.5% | +90.6% | |
| Gross Profit | €22.1M | €56.9M | €48.8M | €124.5M | €383.6M |
| YoY % | +157.9% | -14.3% | +155.3% | +208.1% | |
| Selling & Marketing Expense | €159,000 | €788,000 | €602,000 | €1.3M | €968,000 |
| YoY % | +395.6% | -23.6% | +113.1% | -24.6% | |
| SG&A Expense | €10.9M | €15.7M | €34.5M | €57.1M | €74.6M |
| YoY % | +43.7% | +119.5% | +65.7% | +30.7% | |
| Operating Income | €11.1M | €41.2M | €14.4M | €69.4M | €317.7M |
| YoY % | +270.0% | -64.9% | +380.8% | +357.6% | |
| Interest Expense | €5.5M | €9.7M | €4.5M | €7.2M | €37.4M |
| YoY % | +76.3% | -53.7% | +60.5% | +419.1% | |
| Interest & Investment Income | €1.8M | €4.0M | €1.5M | €5.2M | €7.5M |
| YoY % | +124.6% | -61.8% | +239.6% | +43.3% | |
| Pretax Income | €7.4M | €35.5M | €11.5M | €67.5M | €287.9M |
| YoY % | +377.8% | -67.6% | +486.9% | +326.6% | |
| Income Tax | -€13,000 | — | €0 | €2.4M | €7.7M |
| YoY % | +218.9% | ||||
| Net Income | €7.5M | €35.5M | €11.5M | €65.1M | €280.2M |
| YoY % | +377.0% | -67.6% | +465.9% | +330.6% | |
| Net Income to Common | €7.5M | €35.5M | €11.5M | €65.1M | €280.2M |
| YoY % | +377.0% | -67.6% | +465.9% | +330.6% | |
| EPS (Basic) | €0.06 | €0.22 | €0.06 | €0.19 | €0.80 |
| YoY % | +266.7% | -72.7% | +216.7% | +321.1% | |
| EPS (Diluted) | €0.06 | €0.22 | €0.06 | €0.19 | €0.79 |
| YoY % | +266.7% | -72.7% | +216.7% | +315.8% | |
| Weighted Avg Shares (Basic) | 131.2M | 163.2M | 201.4M | 346.0M | 350.5M |
| YoY % | +24.4% | +23.4% | +71.8% | +1.3% | |
| Weighted Avg Shares (Diluted) | 131.2M | 163.9M | 203.2M | 347.0M | 354.7M |
| YoY % | +25.0% | +24.0% | +70.7% | +2.2% |
The sector classification is SIC-derived, not official GICS. 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.
