| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | €17.19B | +9.7% |
| Gross Profit | €5.50B | +16.3% |
| EBITDA | — | — |
| Net Income | €2.21B | +94.4% |
| Diluted EPS | €10.51 | +91.1% |
| Free Cash Flow | €2.87B | +25.7% |
| DPS (FY2019) | $0.00derived |
| Trailing yield | 0.00% |
| Payout ratio | — |
| Growth streak | 0 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20192019-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | $0.00 | — | derived (paid ÷ diluted shares) |
| Ratio | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 10y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||
| Gross Margin | 13.58% | 20.76% | 25.73% | 25.46% | 25.57% | 26.80% | 24.95% | 25.64% | 30.14% | 31.98% | 95% | 28% | |
| Operating Margin | −11.82% | −9.24% | −0.82% | −1.08% | −3.72% | 0.97% | −5.62% | −3.37% | 8.71% | 12.79% | 95% | 72% | |
| NOPAT Margin | −9.34% | −7.30% | −0.65% | −0.85% | −2.94% | 0.00% | −4.44% | −2.66% | 7.39% | 12.72% | 95% | 79% | |
| Net Margin | −18.26% | −30.20% | −1.48% | −2.75% | −7.37% | −0.35% | −3.67% | −4.02% | 7.26% | 12.87% | 95% | 81% | |
| FCF Margin | 2.51% | 3.50% | 4.16% | 6.48% | 2.30% | 2.85% | 0.18% | 5.09% | 14.57% | 16.71% | 95% | 78% | |
| FCFF Margin | — | — | — | — | — | 2.85% | — | — | 16.48% | 18.25% | 83% | 56% | |
| FCFE Margin | — | — | — | 6.48% | 2.30% | 15.50% | 0.18% | 5.09% | — | — | — | — | |
| OCF Margin | 3.42% | 4.38% | 6.54% | 8.47% | 3.29% | 3.73% | 0.39% | 5.13% | 14.68% | 17.07% | 95% | 61% | |
| Gross Profitability | — | 27.33% | 31.20% | 33.62% | 31.85% | 36.14% | 38.32% | 40.70% | 39.35% | 36.60% | 61% | 63% | |
| Capex Intensity | 0.91% | 0.88% | 2.38% | 2.00% | 0.99% | 0.88% | 0.21% | 0.05% | 0.11% | 0.35% | 35% | 19% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||
| ▸Earnings quality · 5 ratios | |||||||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||||||
| ▸Leverage · 8 ratios | |||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||
| ▸Capital allocation · 4 ratios | |||||||||||||
| ▸Per share · 6 ratios | |||||||||||||
| ▸Other · 1 ratios | |||||||||||||
The five drivers multiply to 29.5% vs reported ROE 31.9%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €2.95B | €4.09B | €5.26B | €6.76B | €7.88B | €9.67B | €11.73B | €13.25B | €15.67B | €17.19B |
| YoY % | +38.6% | +28.6% | +28.6% | +16.5% | +22.7% | +21.3% | +13.0% | +18.3% | +9.7% | |
| Cost of Revenue | €2.55B | €3.24B | €3.91B | €5.04B | €5.87B | €7.08B | €8.80B | €9.85B | €10.95B | €11.69B |
| YoY % | +27.0% | +20.5% | +29.1% | +16.3% | +20.7% | +24.4% | +11.9% | +11.2% | +6.8% | |
| Gross Profit | €401.0M | €849.0M | €1.35B | €1.72B | €2.02B | €2.59B | €2.93B | €3.40B | €4.72B | €5.50B |
| YoY % | +111.7% | +59.4% | +27.3% | +17.0% | +28.6% | +12.9% | +16.1% | +39.1% | +16.3% | |
| R&D Expense | €207.0M | €396.0M | €493.0M | €615.0M | €837.0M | €912.0M | €1.39B | €1.73B | €1.49B | €1.39B |
| YoY % | +91.3% | +24.5% | +24.7% | +36.1% | +9.0% | +52.1% | +24.4% | -13.9% | -6.3% | |
| Selling & Marketing Expense | €368.0M | €567.0M | €620.0M | €826.0M | €1.03B | €1.14B | €1.57B | €1.53B | €1.39B | €1.43B |
| YoY % | +54.1% | +9.3% | +33.2% | +24.6% | +10.3% | +38.5% | -2.5% | -9.2% | +2.4% | |
| SG&A Expense | €175.0M | €264.0M | €283.0M | €354.0M | €442.0M | €450.0M | €626.0M | €585.0M | €481.0M | €479.0M |
| YoY % | +50.9% | +7.2% | +25.1% | +24.9% | +1.8% | +39.1% | -6.5% | -17.8% | -0.4% | |
| Total Operating Expenses | €750.0M | €1.23B | €1.40B | €1.79B | €2.31B | €2.50B | €3.58B | €3.84B | €3.36B | €3.30B |
| YoY % | +63.6% | +13.8% | +28.6% | +28.6% | +8.2% | +43.6% | +7.2% | -12.6% | -1.8% | |
| Operating Income | -€349.0M | -€378.0M | -€43.0M | -€73.0M | -€293.0M | €94.0M | -€659.0M | -€446.0M | €1.36B | €2.20B |
| YoY % | +61.0% | |||||||||
| Interest Expense | €336.0M | €974.0M | €584.0M | €333.0M | €510.0M | €91.0M | €132.0M | €220.0M | €352.0M | €266.0M |
| YoY % | +189.9% | -40.0% | -43.0% | +53.2% | -82.2% | +45.1% | +66.7% | +60.0% | -24.4% | |
| Interest & Investment Income | €152.0M | €118.0M | €455.0M | €275.0M | €94.0M | €246.0M | €421.0M | €161.0M | €328.0M | €292.0M |
| YoY % | -22.4% | +285.6% | -39.6% | -65.8% | +161.7% | +71.1% | -61.8% | +103.7% | -11.0% | |
| Equity Method Income | -€2.0M | €1.0M | -€1.0M | €0 | €0 | — | — | — | — | — |
| Pretax Income | -€535.0M | -€1.23B | -€173.0M | -€131.0M | -€709.0M | €249.0M | -€370.0M | -€505.0M | €1.34B | €2.22B |
| YoY % | +65.8% | |||||||||
| Income Tax | €4.0M | €2.0M | -€95.0M | €55.0M | -€128.0M | €283.0M | €60.0M | €27.0M | €203.0M | €12.0M |
| YoY % | -50.0% | -78.8% | -55.0% | +651.9% | -94.1% | |||||
| Net Income (incl. NCI) | -€539.0M | -€1.24B | -€78.0M | -€186.0M | -€581.0M | -€34.0M | -€430.0M | -€532.0M | €1.14B | €2.21B |
| YoY % | +94.4% | |||||||||
| Net Income | -€539.0M | -€1.24B | -€78.0M | -€186.0M | -€581.0M | -€34.0M | -€430.0M | -€532.0M | €1.14B | €2.21B |
| YoY % | +94.4% | |||||||||
| EPS (Basic) | -€3.63 | -€8.14 | -€0.44 | -€1.03 | -€3.10 | -€0.18 | -€2.23 | -€2.73 | €5.67 | €10.77 |
| YoY % | +89.9% | |||||||||
| EPS (Diluted) | -€3.63 | -€8.14 | -€0.51 | -€1.03 | -€3.10 | -€1.03 | -€2.93 | -€2.73 | €5.50 | €10.51 |
| YoY % | +91.1% | |||||||||
| Weighted Avg Shares (Basic) | 148.4M | 151.7M | 177.2M | 181.0M | 187.6M | 191.3M | 192.9M | 194.7M | 200.6M | 205.4M |
| YoY % | +2.2% | +16.8% | +2.1% | +3.7% | +2.0% | +0.9% | +0.9% | +3.0% | +2.4% | |
| Weighted Avg Shares (Diluted) | 148.4M | 151.7M | 181.2M | 181.0M | 187.6M | 193.9M | 195.8M | 194.7M | 207.0M | 210.5M |
| YoY % | +2.2% | +19.5% | -0.1% | +3.7% | +3.4% | +1.0% | -0.6% | +6.3% | +1.7% |
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.
