| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | €7.15B | +7.0% |
| Gross Profit | €3.69B | +10.3% |
| EBITDA | €2.77B | +8.5% |
| Net Income | €1.60B | +4.9% |
| Diluted EPS | €8.96 | +5.9% |
| Free Cash Flow | €1.86B | +29.1% |
| DPS (FY2025) | €2.98derived |
| Trailing yield | — |
| Payout ratio | 33.3% |
| Growth streak | 4 yrs |
| 5y DPS growth | 36.2% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €2.98 | +22.1% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | €2.44 | +35.0% | derived (paid ÷ diluted shares) |
| FY20232023-12-31 | €1.81 | +32.9% | derived (paid ÷ diluted shares) |
| FY20222022-12-31 |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 51.26% | 51.28% | 48.01% | 49.82% | 50.13% | 51.68% | 92% | 72% | |
| Operating Margin | 20.70% | 25.18% | 24.09% | 27.09% | 28.27% | 29.52% | 92% | 95% | |
| EBITDA Margin | 33.03% | 35.86% | 34.81% | 38.18% | 38.26% | 38.79% | 92% | 95% | |
| NOPAT Margin | 18.89% | 20.13% | 19.21% | 21.26% | 22.84% | 22.88% | 92% | 93% | |
| Net Margin | 17.57% | 19.45% | 18.30% | 20.97% | 22.79% | 22.35% | 75% | 93% | |
| FCF Margin | 13.91% | 21.78% | 20.72% | 22.36% | 21.63% | 26.09% | 92% | 94% | |
| FCFF Margin | 14.87% | 22.10% | 21.14% | 23.16% | 22.70% | 27.16% | 92% | 88% | |
| FCFE Margin | 33.58% | 17.40% | 22.58% | 17.08% | 32.13% | 21.22% | 42% | 84% | |
| OCF Margin | 24.23% | 30.03% | 27.54% | 28.75% | 28.86% | 32.88% | 92% | 95% | |
| Gross Profitability | 28.32% | 31.91% | 31.50% | 36.94% | 35.24% | 38.35% | 92% | 81% | |
| Capex Intensity | 10.32% | 8.25% | 6.82% | 6.39% | 7.22% | 6.79% | 25% | 81% | |
| ▸Returns on Capital · 2 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 3 ratios | |||||||||
| ▸Working capital · 4 ratios | |||||||||
| ▸Capital allocation · 5 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
The five drivers multiply to 41.2% vs reported ROE 42.9%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | €3.46B | €4.27B | €5.10B | €5.97B | €6.68B | €7.15B |
| YoY % | +23.4% | +19.3% | +17.2% | +11.8% | +7.0% | |
| Cost of Revenue | €1.69B | €2.08B | €2.65B | €3.00B | €3.33B | €3.45B |
| YoY % | +23.4% | +27.3% | +13.1% | +11.1% | +3.7% | |
| R&D Expense | €707.4M | €768.1M | €775.6M | €881.6M | €894.1M | €918.9M |
| YoY % | +8.6% | +1.0% | +13.7% | +1.4% | +2.8% | |
| Selling & Marketing Expense | €171.9M | €168.5M | €227.0M | €236.4M | €288.5M | €349.4M |
| YoY % | -2.0% | +34.7% | +4.2% | +22.0% | +21.1% | |
| SG&A Expense | €336.1M | €348.0M | €428.0M | €462.6M | €561.1M | €642.5M |
| YoY % | +3.5% | +23.0% | +8.1% | +21.3% | +14.5% | |
| Operating Income | €716.1M | €1.08B | €1.23B | €1.62B | €1.89B | €2.11B |
| YoY % | +50.2% | +14.1% | +31.8% | +16.7% | +11.8% | |
| Interest Expense | €36.6M | €16.6M | €27.1M | €60.8M | €88.3M | €99.2M |
| YoY % | -54.6% | +63.1% | +124.0% | +45.2% | +12.3% | |
| Interest & Investment Income | €67.0M | €43.0M | €83.9M | €132.3M | €147.1M | €168.1M |
| YoY % | -35.8% | +95.0% | +57.8% | +11.2% | +14.3% | |
| Equity Method Income | — | €6.9M | €6.2M | €6.1M | €8.2M | €12.6M |
| YoY % | -10.5% | -0.6% | +34.3% | +52.5% | ||
| Pretax Income | €667.0M | €1.04B | €1.18B | €1.60B | €1.89B | €2.06B |
| YoY % | +56.2% | +13.0% | +36.1% | +17.9% | +9.2% | |
| Income Tax | €58.2M | €209.1M | €238.5M | €344.9M | €363.0M | €464.1M |
| YoY % | +259.5% | +14.0% | +44.6% | +5.3% | +27.8% | |
| Net Income (incl. NCI) | €608.9M | €833.1M | €939.3M | €1.26B | €1.53B | €1.60B |
| YoY % | +36.8% | +12.7% | +33.9% | +21.3% | +4.8% | |
| Minority Interest (P&L) | €1.1M | €2.4M | €6.7M | €5.4M | €4.0M | €2.6M |
| YoY % | +122.9% | +182.0% | -19.0% | -25.4% | -35.7% | |
| Net Income | €607.8M | €830.8M | €932.6M | €1.25B | €1.52B | €1.60B |
| YoY % | +36.7% | +12.3% | +34.3% | +21.6% | +4.9% | |
| EPS (Basic) | €3.29 | €4.50 | €5.11 | €6.91 | €8.47 | €8.97 |
| YoY % | +36.8% | +13.6% | +35.2% | +22.6% | +5.9% | |
| EPS (Diluted) | €3.28 | €4.50 | €5.09 | €6.90 | €8.46 | €8.96 |
| YoY % | +37.2% | +13.1% | +35.6% | +22.6% | +5.9% | |
| Weighted Avg Shares (Basic) | 184.8M | 184.4M | 182.8M | 181.2M | 179.7M | 178.1M |
| YoY % | -0.2% | -0.9% | -0.9% | -0.8% | -0.9% | |
| Weighted Avg Shares (Diluted) | 185.4M | 184.8M | 183.1M | 181.5M | 180.0M | 178.3M |
| YoY % | -0.3% | -0.9% | -0.9% | -0.8% | -0.9% | |
| Dividends Declared per Share | €1 | €2 | €1 | €2 | €2 | €3 |
| YoY % | +116.2% | -44.2% | +32.9% | +35.0% | +22.2% |
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.
| €1.36 |
| +57.1% |
| derived (paid ÷ diluted shares) |
| FY20212021-12-31 | €0.87 | — | derived (paid ÷ diluted shares) |
