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Aperam APAM.AS · EUR

Materials · Euronext Amsterdam · 🇳🇱 Netherlands

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33.60

+1.82%

Close of 9 Nov 2026, in EUR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€6.08bn

FY2016FY2025

Net income

€9.0m

FY2016FY2025

Free cash flow

€285.0m

FY2016FY2025

Shareholders' equity

€3.19bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue€6.08bn€6.25bn€6.59bn€8.16bn€5.10bn€3.62bn€4.24bn€4.68bn€4.21bn€4.06bn
Gross profit€341.0m€408.0m€379.0m€1.18bn€1.23bn€368.0m€397.0m€571.0m€555.1m€484.9m
Research and development—€24.0m€24.0m€21.0m€18.0m€18.0m€20.0m€20.0m€18.0m€18.0m
Operating income−€9.0m€125.0m€89.0m€890.0m€1.04bn€199.0m€207.0m€361.0m€372.6m€301.4m
Net income€9.0m€231.0m€203.0m€625.0m€968.0m€175.0m€148.0m€286.0m€300.9m€203.5m
Diluted earnings per share0.123.202.798.6212.442.191.853.583.772.45

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets€6.21bn€5.84bn€6.21bn€6.26bn€5.91bn€3.97bn€4.26bn€4.32bn€4.36bn€4.45bn
Cash and short-term investments€325.0m€216.0m€443.0m€457.0m€524.0m€358.0m€375.0m€199.0m€305.9m€309.0m
Total liabilities€3.00bn€2.47bn€2.76bn€2.87bn€2.96bn€1.76bn€1.84bn€1.80bn€1.82bn€2.08bn
Debt€1.30bn€760.0m€934.0m€925.0m€990.0m€425.0m€450.0m€247.0m€243.0m€455.6m
Shareholders' equity€3.19bn€3.35bn€3.44bn€3.38bn€2.94bn€2.20bn€2.41bn€2.52bn€2.54bn€2.36bn
Shares outstanding73m72m73m73m78m80m80m80m80m83m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations€422.0m€280.0m€471.0m€642.0m€550.0m€303.0m€400.0m€295.0m€366.8m€396.5m
Capital spending−€137.0m−€166.0m−€301.0m−€296.0m−€152.0m−€109.0m−€151.0m−€192.0m−€155.0m−€123.6m
Free cash flow€285.0m€114.0m€170.0m€346.0m€398.0m€194.0m€249.0m€103.0m€211.7m€272.9m
Dividends paid−€144.0m−€145.0m−€144.0m−€150.0m−€139.0m−€139.0m−€142.0m−€130.0m−€100.9m−€92.2m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue€1.69bn€1.57bn€1.36bn€1.41bn€1.65bn€1.66bn€1.47bn€1.49bn
Gross profit€102.0m€90.0m€1.36bn€74.0m€1.65bn€1.66bn€1.47bn—
Operating income€102.0m€34.0m−€54.0m€9.0m€47.0m−€11.0m€64.0m€1.44bn
Net income€116.0m€3.0m€29.0m−€21.0m€19.0m−€18.0m€12.0m€179.0m
Diluted earnings per share1.580.040.40-0.290.26-0.250.172.48
Cash from operations€139.0m−€11.0m€164.0m€167.0m€196.0m−€105.0m€172.0m€33.0m
Capital spending−€24.0m−€30.0m−€39.0m−€15.0m−€39.0m−€54.0m−€27.0m−€24.0m
Free cash flow€115.0m−€41.0m€125.0m€152.0m€157.0m−€159.0m€145.0m€9.0m
Total assets€5.43bn€5.26bn€5.17bn€5.30bn€5.35bn€5.50bn€5.84bn€4.98bn
Cash and short-term investments€334.0m€237.0m€325.0m€320.0m€239.0m€185.0m€216.0m—
Debt€1.23bn€188.0m€1.21bn€678.0m€783.0m€826.0m€678.0m—
Shareholders' equity€3.27bn€3.24bn€3.19bn€3.19bn€3.19bn€3.32bn€3.35bn€3.40bn

Financial ratios

Data as of 27 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin5.6%6.5%5.7%14.5%24.2%10.2%—
Operating margin-0.1%2.0%2.5%9.5%20.7%6.8%—
Net margin0.1%3.7%3.1%7.7%19.0%4.8%—
Return on equity0.3%6.9%5.9%18.5%32.9%8.0%—
Return on assets0.1%4.0%3.3%10.0%16.4%4.4%—
Free cash flow yield21.6%17.4%30.0%36.5%25.5%14.6%—
Revenue growth-2.8%-5.1%-19.2%59.9%40.8%-14.5%—
Earnings growth-96.1%13.8%-67.5%-35.4%453.1%18.2%—
Current ratio1.80x1.73x1.78x1.97x1.89x1.70x—
Debt to equity0.38x0.20x0.25x0.25x0.31x0.17x—
Equity ratio51.5%57.4%55.4%54.1%49.8%55.4%—
Interest coverage-0.14x2.66x3.77x35.23x105.40x27.56x—
R&D as a share of sales—0.4%0.4%0.3%0.4%0.5%0.5%
Buybacks as a share of market value-1.1%0.7%-0.3%6.8%2.5%0.0%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-9.3%10.9%3.5%
Net income-75.7%-44.8%-24.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin6.1%8.5%10.9%11.2%
Operating margin0.9%4.0%6.5%6.8%
Net margin1.9%3.9%6.2%5.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings286.27.911.83.43.815.615.46.411.417.8
Price to sales0.40.30.40.30.70.80.50.40.80.9

Dividends and splits

Per share, in the currency the company pays

Paid for 10 years. Last went ex-dividend on 13 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.502.522.002.002.001.751.751.75

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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