B 
Bureau Veritas BVI.PA · EUR
Industrials · Professional Services · Euronext Paris · 🇫🇷 France
29.95
0.00%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€6.47bn
FY2016FY2025
Net income
€588.0m
FY2016FY2025
Free cash flow
€819.7m
FY2016FY2025
Shareholders' equity
€1.71bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €6.47bn | €6.24bn | €5.87bn | €5.65bn | €4.98bn | €4.60bn | €5.10bn | €4.80bn | €4.69bn | €4.55bn |
| Research and development | — | — | €5.2m | €4.9m | €6.5m | €7.3m | €9.7m | €13.0m | €10.9m | €11.1m |
| Operating income | €938.7m | €933.4m | €824.4m | €781.9m | €704.9m | €453.3m | €698.9m | €638.6m | €604.7m | €605.4m |
| Net income | €588.0m | €569.4m | €503.7m | €466.7m | €420.9m | €125.3m | €367.6m | €332.6m | €308.0m | €319.4m |
| Diluted earnings per share | 1.32 | 1.26 | 1.10 | 1.02 | 0.92 | 0.28 | 0.82 | 0.76 | 0.70 | 0.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €7.06bn | €7.19bn | €6.64bn | €7.12bn | €6.75bn | €6.57bn | €7.05bn | €6.10bn | €5.35bn | €6.10bn |
| Cash and short-term investments | €1.37bn | €1.22bn | €1.18bn | €1.66bn | €1.42bn | €1.60bn | €1.48bn | €1.06bn | €383.5m | €1.15bn |
| Total liabilities | €5.31bn | €5.16bn | €4.65bn | €5.19bn | €5.05bn | €5.28bn | €5.73bn | €5.09bn | €4.34bn | €4.85bn |
| Debt | €3.09bn | €2.87bn | €2.54bn | €3.05bn | €2.89bn | €3.35bn | €3.71bn | €3.15bn | €2.45bn | €3.08bn |
| Shareholders' equity | €1.71bn | €1.97bn | €1.94bn | €1.86bn | €1.64bn | €1.24bn | €1.26bn | €959.3m | €970.4m | €1.20bn |
| Shares outstanding | 446m | 453m | 458m | 456m | 456m | 451m | 450m | 439m | 440m | 439m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €966.7m | €1.00bn | €819.7m | €834.9m | €790.7m | €809.1m | €820.4m | €685.5m | €581.2m | €594.4m |
| Capital spending | −€147.0m | −€145.9m | −€157.6m | −€130.1m | −€121.0m | −€98.4m | −€127.9m | −€130.9m | −€142.3m | −€156.6m |
| Free cash flow | €819.7m | €858.9m | €662.1m | €704.8m | €669.7m | €710.7m | €692.5m | €554.6m | €438.9m | €437.8m |
| Dividends paid | −€430.0m | −€406.9m | −€396.3m | −€280.9m | −€186.1m | −€31.8m | −€97.3m | −€277.7m | −€295.4m | −€255.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.26bn | €3.27bn | €3.19bn | €3.22bn | €3.12bn | €2.96bn | €2.90bn | €1.25bn |
| Operating income | €431.8m | €505.2m | €433.5m | €484.0m | €388.3m | €445.5m | €385.7m | €179.1m |
| Net income | €237.9m | €265.7m | €322.3m | €335.1m | €234.3m | €271.2m | €232.5m | €105.2m |
| Diluted earnings per share | 0.53 | 0.60 | 0.72 | 0.74 | 0.52 | 0.59 | 0.51 | 0.23 |
| Cash from operations | €227.0m | €733.0m | €233.0m | €733.0m | €262.0m | €594.0m | €208.0m | €197.0m |
| Capital spending | −€71.0m | −€79.0m | −€67.0m | −€84.0m | −€61.0m | −€77.0m | −€79.0m | −€30.0m |
| Free cash flow | €156.0m | €654.0m | €166.0m | €649.0m | €201.0m | €517.0m | €129.0m | €167.0m |
| Total assets | €6.99bn | €7.06bn | €6.56bn | €7.19bn | €7.20bn | €6.64bn | €7.14bn | €1.69bn |
| Cash and short-term investments | €942.1m | €1.37bn | €867.5m | €1.22bn | €1.53bn | €1.17bn | €1.69bn | €361.1m |
| Debt | €862.0m | €3.09bn | €2.70bn | €2.87bn | €3.05bn | €2.22bn | €3.03bn | — |
| Shareholders' equity | €1.66bn | €1.71bn | €1.44bn | €1.97bn | €1.63bn | €1.94bn | €1.69bn | €426.8m |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 14.5% | 15.0% | 14.0% | 13.8% | 14.2% | 9.9% | — | — |
| Net margin | 9.1% | 9.1% | 8.6% | 8.3% | 8.4% | 2.7% | — | — |
| Return on equity | 34.4% | 28.9% | 26.0% | 25.1% | 25.7% | 10.1% | — | — |
| Return on assets | 8.3% | 7.9% | 7.6% | 6.6% | 6.2% | 1.9% | — | — |
| Free cash flow yield | 9.4% | 9.6% | 8.0% | 8.0% | 7.5% | 7.6% | — | — |
| Revenue growth | 3.6% | 6.4% | 3.8% | 13.4% | 8.3% | -9.8% | — | — |
| Earnings growth | 3.3% | 13.0% | 7.9% | 10.9% | 235.9% | -65.9% | — | — |
| Current ratio | 1.50x | 1.33x | 1.67x | 1.54x | 1.76x | 1.55x | — | — |
| Debt to equity | 1.60x | 1.29x | 1.15x | 1.47x | 1.58x | 2.45x | — | — |
| Equity ratio | 24.2% | 27.4% | 29.1% | 26.2% | 24.3% | 18.9% | — | — |
| Interest coverage | 9.17x | 8.07x | 7.39x | 8.22x | 8.24x | 3.87x | — | — |
| R&D as a share of sales | — | — | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.3% |
| Buybacks as a share of market value | 1.5% | 1.2% | -0.4% | -0.1% | -1.0% | -0.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.6% | 7.0% | 3.4% |
| Operating income | 6.3% | 15.7% | 3.5% |
| Net income | 8.0% | 36.2% | 8.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.7% | 14.4% | 13.7% | 13.6% |
| Net margin | 9.1% | 8.8% | 7.9% | 7.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.5 | 23.3 | 20.8 | 24.1 | 31.6 | 78.4 | 28.5 | 23.5 | 32.5 | 25.3 |
| Price to sales | 1.9 | 2.1 | 1.8 | 2.0 | 2.7 | 2.1 | 2.0 | 1.6 | 2.1 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 26 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.92 | 0.90 | 0.83 | 0.77 | 0.53 | 0.36 | 0.56 | 0.56 |
- 4-for-1 split · 21 Jun 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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