AQ Group AQ.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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223.20

+2.57%

Close of 9 Nov 2026, in SEK

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

At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 9.07bn

FY2016FY2025

Net income

SEK 676.0m

FY2016FY2025

Free cash flow

SEK 680.0m

FY2016FY2025

Shareholders' equity

SEK 4.67bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	SEK 9.07bn	SEK 8.55bn	SEK 8.97bn	SEK 7.05bn	SEK 5.47bn	SEK 4.82bn	SEK 5.11bn	SEK 4.67bn	SEK 4.02bn	SEK 3.29bn
Research and development	—	—	SEK 13.0m	SEK 12.0m	SEK 11.0m	SEK 12.0m	SEK 10.3m	SEK 6.9m	—	—
Operating income	SEK 841.0m	SEK 840.0m	SEK 792.0m	SEK 491.0m	SEK 446.0m	SEK 401.2m	SEK 340.5m	SEK 208.2m	SEK 263.3m	SEK 281.4m
Net income	SEK 676.0m	SEK 665.0m	SEK 632.0m	SEK 410.0m	SEK 366.0m	SEK 315.0m	SEK 260.9m	SEK 151.1m	SEK 203.8m	SEK 235.3m
Diluted earnings per share	7.36	7.25	6.89	4.48	4.00	3.44	2.89	1.65	2.23	2.57

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	SEK 6.91bn	SEK 6.57bn	SEK 5.96bn	SEK 5.70bn	SEK 4.70bn	SEK 3.86bn	SEK 3.85bn	SEK 3.10bn	SEK 2.68bn	SEK 2.45bn
Cash and short-term investments	SEK 992.0m	SEK 919.0m	SEK 426.0m	SEK 231.0m	SEK 283.0m	SEK 451.5m	SEK 161.3m	SEK 100.7m	SEK 142.0m	SEK 163.0m
Total liabilities	SEK 2.22bn	SEK 2.16bn	SEK 2.20bn	SEK 2.52bn	SEK 2.07bn	SEK 1.67bn	SEK 1.84bn	SEK 1.32bn	SEK 1.03bn	SEK 986.6m
Debt	SEK 565.0m	SEK 635.0m	SEK 717.0m	SEK 1.04bn	SEK 844.0m	SEK 796.7m	SEK 916.4m	SEK 434.1m	SEK 266.0m	SEK 271.8m
Shareholders' equity	SEK 4.67bn	SEK 4.39bn	SEK 3.74bn	SEK 3.16bn	SEK 2.62bn	SEK 2.18bn	SEK 2.01bn	SEK 1.78bn	SEK 1.64bn	SEK 1.46bn
Shares outstanding	92m	92m	92m	91m	91m	91m	90m	91m	91m	91m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	SEK 921.0m	SEK 1.20bn	SEK 980.0m	SEK 208.0m	SEK 238.0m	SEK 608.7m	SEK 499.2m	SEK 150.6m	SEK 147.2m	SEK 290.3m
Capital spending	−SEK 241.0m	−SEK 188.0m	−SEK 254.0m	−SEK 288.0m	−SEK 192.0m	−SEK 122.2m	−SEK 202.8m	−SEK 139.0m	−SEK 105.7m	−SEK 121.4m
Free cash flow	SEK 680.0m	SEK 1.01bn	SEK 726.0m	−SEK 80.0m	SEK 46.0m	SEK 486.5m	SEK 296.3m	SEK 11.6m	SEK 41.5m	SEK 168.9m
Dividends paid	−SEK 146.0m	−SEK 122.0m	−SEK 61.0m	−SEK 61.0m	−SEK 61.0m	−SEK 61.0m	−SEK 50.3m	−SEK 50.3m	−SEK 50.3m	−SEK 40.6m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	SEK 2.58bn	SEK 2.36bn	SEK 2.32bn	SEK 2.11bn	SEK 2.34bn	SEK 2.29bn	SEK 2.13bn	SEK 1.95bn
Operating income	SEK 245.0m	SEK 227.0m	SEK 216.0m	SEK 174.0m	SEK 218.0m	SEK 215.0m	SEK 206.0m	SEK 188.0m
Net income	SEK 202.0m	SEK 179.0m	SEK 169.0m	SEK 154.0m	SEK 188.0m	SEK 166.0m	SEK 155.0m	SEK 146.0m
Diluted earnings per share	2.20	1.95	1.84	1.68	2.05	1.81	1.69	1.59
Cash from operations	SEK 23.0m	SEK 339.0m	SEK 123.0m	SEK 322.0m	SEK 232.0m	SEK 244.0m	SEK 288.0m	SEK 363.0m
Capital spending	−SEK 76.0m	−SEK 60.0m	−SEK 53.0m	−SEK 54.0m	−SEK 94.0m	−SEK 39.0m	−SEK 46.0m	−SEK 55.0m
Free cash flow	−SEK 53.0m	SEK 279.0m	SEK 70.0m	SEK 268.0m	SEK 138.0m	SEK 205.0m	SEK 242.0m	SEK 308.0m
Total assets	SEK 7.50bn	SEK 7.25bn	SEK 6.91bn	SEK 6.86bn	SEK 6.88bn	SEK 6.73bn	SEK 6.57bn	SEK 6.47bn
Cash and short-term investments	SEK 849.0m	SEK 1.12bn	SEK 992.0m	SEK 965.0m	SEK 888.0m	SEK 914.0m	SEK 919.0m	SEK 818.0m
Debt	SEK 153.0m	SEK 150.0m	SEK 565.0m	SEK 536.0m	SEK 669.0m	SEK 662.0m	SEK 750.0m	SEK 700.0m
Shareholders' equity	SEK 5.04bn	SEK 4.90bn	SEK 4.67bn	SEK 4.57bn	SEK 4.45bn	SEK 4.33bn	SEK 4.39bn	SEK 4.16bn

Financial ratios

Data as of 29 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Operating margin	9.3%	9.8%	8.8%	7.0%	8.2%	8.3%	—	—
Net margin	7.5%	7.8%	7.0%	5.8%	6.7%	6.5%	—	—
Return on equity	14.5%	15.2%	16.9%	13.0%	14.0%	14.4%	—	—
Return on assets	9.8%	10.1%	10.6%	7.2%	7.8%	8.2%	—	—
Free cash flow yield	5.4%	6.4%	5.7%	2.3%	2.0%	3.4%	—	—
Revenue growth	6.0%	-4.6%	27.2%	28.9%	13.5%	-5.7%	—	—
Earnings growth	1.7%	5.2%	54.1%	12.0%	16.2%	20.7%	—	—
Current ratio	2.63x	3.03x	2.56x	2.46x	2.28x	2.05x	—	—
Debt to equity	0.12x	0.14x	0.14x	0.28x	0.32x	0.36x	—	—
Equity ratio	67.5%	66.8%	62.8%	55.5%	55.7%	56.4%	—	—
Interest coverage	26.28x	24.71x	17.60x	19.64x	24.78x	21.12x	—	—
R&D as a share of sales	—	—	0.1%	0.2%	0.2%	0.2%	0.2%	0.1%
Buybacks as a share of market value	-0.1%	0.0%	-0.3%	0.0%	0.0%	-1.5%	—	—

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	8.7%	13.5%	12.0%
Operating income	19.6%	16.0%	15.3%
Net income	18.1%	16.5%	14.8%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Operating margin	9.5%	8.8%	8.7%	8.0%
Net margin	7.6%	7.1%	7.0%	6.4%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	26.6	19.3	14.7	13.8	18.1	12.4	15.8	18.2	19.8	14.9
Price to sales	2.0	1.5	1.0	0.8	1.2	0.8	0.8	0.6	1.0	1.1

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 24 Apr 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2019	FY2018	FY2017
Paid in the year	1.80	1.60	1.332	0.666	0.666	0.55	0.55	0.55

5-for-1 split · 20 May 2024

Sources and methodology

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

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AQ Group AQ.ST · SEK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology