D 
Danone BN.PA · EUR
Consumer Staples · Food Products · Euronext Paris · 🇫🇷 France
Euro Stoxx 50
67.66
+0.80%
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.
Revenue
€27.28bn
FY2016FY2025
Net income
€1.82bn
FY2016FY2025
Free cash flow
€2.72bn
FY2016FY2025
Shareholders' equity
€16.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €27.28bn | €27.38bn | €27.62bn | €27.66bn | €24.28bn | €23.62bn | €25.29bn | €24.65bn | €24.81bn | €21.94bn |
| Gross profit | €13.81bn | €13.61bn | €13.08bn | €12.74bn | €11.52bn | €11.35bn | €12.41bn | €11.92bn | €12.18bn | €11.20bn |
| Research and development | €479.0m | €447.0m | €398.0m | €339.0m | €338.0m | €323.0m | €351.0m | €337.0m | €342.0m | €333.0m |
| Operating income | €2.94bn | €3.38bn | €2.04bn | €2.14bn | €2.52bn | €2.80bn | €3.24bn | €3.09bn | €3.73bn | €2.92bn |
| Net income | €1.82bn | €2.02bn | €881.0m | €959.0m | €1.92bn | €1.96bn | €1.93bn | €2.35bn | €2.45bn | €1.72bn |
| Diluted earnings per share | 2.83 | 3.13 | 1.37 | 1.50 | 3.00 | 3.01 | 2.97 | 3.63 | 3.87 | 2.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €45.07bn | €45.29bn | €44.49bn | €45.28bn | €45.42bn | €42.78bn | €45.36bn | €44.18bn | €44.26bn | €43.95bn |
| Cash and short-term investments | €6.57bn | €6.16bn | €6.00bn | €4.68bn | €5.86bn | €4.27bn | €4.28bn | €5.04bn | €4.10bn | €13.62bn |
| Total liabilities | €28.10bn | €27.44bn | €28.26bn | €27.29bn | €28.05bn | €26.48bn | €27.98bn | €27.70bn | €29.73bn | €30.75bn |
| Debt | €14.81bn | €14.22bn | €15.60bn | €14.16bn | €16.21bn | €16.04bn | €16.87bn | €17.30bn | €18.75bn | €20.56bn |
| Shareholders' equity | €16.92bn | €17.80bn | €16.18bn | €17.92bn | €17.27bn | €16.20bn | €17.24bn | €16.34bn | €14.46bn | €13.11bn |
| Shares outstanding | 645m | 646m | 642m | 640m | 641m | 650m | 650m | 648m | 632m | 617m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €3.78bn | €3.83bn | €3.44bn | €2.96bn | €3.47bn | €2.97bn | €3.44bn | €3.11bn | €2.96bn | €2.65bn |
| Capital spending | −€1.05bn | −€923.0m | −€847.0m | −€873.0m | −€1.04bn | −€962.0m | −€951.0m | −€941.0m | −€969.0m | −€925.0m |
| Free cash flow | €2.72bn | €2.91bn | €2.60bn | €2.09bn | €2.43bn | €2.00bn | €2.49bn | €2.17bn | €1.99bn | €1.73bn |
| Dividends paid | −€1.38bn | −€1.35bn | −€1.28bn | −€1.24bn | −€1.26bn | −€1.36bn | −€1.26bn | −€431.0m | −€279.0m | −€985.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €13.94bn | €13.55bn | €13.74bn | €13.62bn | €13.76bn | €13.45bn | €14.17bn | €6.07bn |
| Gross profit | €5.26bn | €6.82bn | €6.99bn | €6.82bn | €6.79bn | €6.39bn | €6.70bn | €2.88bn |
| Operating income | €1.85bn | €1.37bn | €1.57bn | €1.56bn | €1.81bn | €361.0m | €1.68bn | €825.3m |
| Net income | €1.17bn | €784.0m | €1.04bn | €802.0m | €1.22bn | −€212.0m | €1.09bn | €481.0m |
| Diluted earnings per share | 1.83 | 1.22 | 1.61 | 1.24 | 1.89 | -0.33 | 1.70 | 0.75 |
| Cash from operations | €1.26bn | €2.26bn | €1.52bn | €2.33bn | €1.50bn | €2.02bn | €1.42bn | €868.0m |
| Capital spending | −€414.0m | −€682.0m | −€373.0m | −€604.0m | −€319.0m | −€537.0m | −€310.0m | −€260.0m |
| Free cash flow | €844.0m | €1.58bn | €1.15bn | €1.72bn | €1.19bn | €1.48bn | €1.11bn | €608.0m |
| Total assets | €48.62bn | €45.07bn | €43.76bn | €45.29bn | €45.39bn | €44.49bn | €45.44bn | €45.44bn |
| Cash and short-term investments | €8.34bn | €6.57bn | €6.01bn | €6.16bn | €6.26bn | €6.00bn | €5.26bn | €5.26bn |
| Debt | €6.50bn | €14.81bn | €14.54bn | €14.19bn | €15.67bn | €14.91bn | €12.31bn | €12.66bn |
| Shareholders' equity | €17.61bn | €16.92bn | €15.86bn | €17.80bn | €16.74bn | €16.18bn | €16.50bn | €16.54bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 50.6% | 49.7% | 47.4% | 46.1% | 47.4% | 48.1% |
| Operating margin | 10.8% | 12.3% | 7.4% | 7.7% | 10.4% | 11.8% |
| Net margin | 6.7% | 7.4% | 3.2% | 3.5% | 7.9% | 8.3% |
| Return on equity | 10.8% | 11.4% | 5.4% | 5.4% | 11.1% | 12.1% |
| Return on assets | 4.0% | 4.5% | 2.0% | 2.1% | 4.2% | 4.6% |
| Free cash flow yield | 12.2% | 12.0% | 10.9% | 9.8% | 11.5% | 9.9% |
| Revenue growth | -0.3% | -0.9% | -0.2% | 13.9% | 2.8% | -6.6% |
| Earnings growth | -9.7% | 129.4% | -8.1% | -50.2% | -1.6% | 1.4% |
| Current ratio | 0.90x | 0.93x | 0.93x | 1.00x | 1.09x | 1.03x |
| Debt to equity | 0.88x | 0.76x | 0.92x | 0.75x | 0.89x | 0.94x |
| Equity ratio | 37.5% | 39.3% | 36.4% | 39.6% | 38.0% | 37.9% |
| Interest coverage | 5.90x | 4.10x | 2.69x | 4.15x | 5.61x | 5.44x |
| R&D as a share of sales | 1.8% | 1.6% | 1.4% | 1.2% | 1.4% | 1.4% |
| Buybacks as a share of market value | 0.1% | -0.6% | -0.4% | 0.2% | 1.4% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.5% | 2.9% | 2.0% |
| Operating income | 11.1% | 1.0% | 2.9% |
| Net income | 23.9% | -1.4% | 3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 50.2% | 48.4% | 48.2% | 48.8% |
| Operating margin | 11.6% | 9.6% | 10.0% | 11.2% |
| Net margin | 7.0% | 5.2% | 6.1% | 7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.1 | 20.8 | 42.8 | 32.8 | 18.2 | 17.9 | 24.9 | 17.0 | 18.1 | 21.6 |
| Price to sales | 1.8 | 1.5 | 1.4 | 1.1 | 1.4 | 1.5 | 1.9 | 1.6 | 1.8 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 4 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.25 | 2.15 | 2.10 | 2.00 | 1.94 | 1.94 | 2.10 | 1.94 |
- 2-for-1 split · 1 Jun 2007
- 2-for-1 split · 15 Jun 2004
- 2-for-1 split · 5 Jun 2000
- 1-to-1 reverse split · 8 Feb 2000
- 11-for-10 split · 10 Aug 1992
- 10-for-1 split · 9 Jan 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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