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C

Carel Industries SpA CRL.MI · EUR

Information Technology · Borsa Italiana · 🇮🇹 Italy

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26.35

+2.73%

Close of 9 Nov 2026, in EUR

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At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€629.0m

FY2016FY2025

Net income

€73.6m

FY2016FY2025

Free cash flow

€108.6m

FY2016FY2025

Shareholders' equity

€477.2m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue€629.0m€578.5m€650.2m€549.0m€426.2m€331.6m€331.0m€283.4m€255.4m€231.0m
Research and development—€34.7m€25.9m€20.0m€19.0m€17.5m€18.1m€16.0m€14.5m€14.4m
Operating income€84.3m€74.7m€104.0m€87.3m€64.5m€46.7m€46.4m€37.9m€42.4m€37.4m
Net income€73.6m€62.6m€70.9m€62.1m€49.1m€35.1m€35.0m€30.7m€31.2m€25.1m
Diluted earnings per share0.640.590.670.620.490.360.360.300.310.25

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets€868.0m€851.0m€920.4m€640.5m€507.8m€414.1m€350.3m€317.2m€230.3m€204.9m
Cash and short-term investments€143.8m€102.4m€157.2m€107.5m€100.6m€105.6m€62.8m€55.3m€91.0m€75.0m
Total liabilities€385.1m€409.5m€524.2m€419.2m€337.9m€254.5m€207.1m€198.9m€111.8m€97.6m
Debt€125.2m€152.6m€193.4m€205.1m€158.9m€162.1m€124.4m€114.3m€50.7m€43.2m
Shareholders' equity€477.2m€434.9m€376.4m€205.4m€155.0m€159.3m€142.9m€118.0m€118.2m€106.4m
Shares outstanding114m107m107m100m100m97m97m103m102m100m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations€121.6m€85.4m€102.0m€69.4m€54.1m€57.1m€49.6m€27.5m€37.6m€23.3m
Capital spending−€13.1m−€21.5m−€27.4m−€26.8m−€18.6m−€13.3m−€23.6m−€18.4m−€10.0m−€9.7m
Free cash flow€108.6m€63.9m€74.6m€42.6m€35.5m€43.8m€26.0m€9.0m€27.6m€13.7m
Dividends paid−€18.6m−€21.4m−€18.0m−€15.0m−€12.0m−€12.0m−€10.0m−€30.0m−€15.0m−€20.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue€199.2m€170.9m€165.3m€157.5m€158.8m€147.4m€145.6m€141.4m
Operating income€35.6m€26.2m€22.4m€22.4m€21.3m€15.5m€16.4m€15.8m
Net income€27.3m€18.4m€31.3m€15.9m€16.4m€10.1m€22.9m€11.9m
Diluted earnings per share0.250.170.270.140.140.090.210.11
Cash from operations€11.0m€13.0m€42.0m€35.0m€30.0m€12.0m€45.0m€25.0m
Capital spending−€3.0m−€1.0m−€5.0m−€3.0m−€2.0m−€2.0m−€6.0m−€6.0m
Free cash flow€8.0m€12.0m€37.0m€32.0m€28.0m€10.0m€39.0m€19.0m
Total assets€899.6m€880.9m€868.0m€849.6m€840.7m€858.3m€851.0m€842.1m
Cash and short-term investments€126.3m€130.9m€143.8m€119.9m€103.1m€109.2m€102.4m€88.3m
Debt€95.8m€23.2m€125.3m€134.7m€143.0m€153.1m€159.2m€172.3m
Shareholders' equity€506.8m€499.3m€477.2m€445.5m€429.1m€440.1m€434.9m€407.0m

Financial ratios

Data as of 27 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin12.3%11.5%16.0%15.3%14.8%13.8%—
Net margin11.7%10.8%10.9%11.3%11.5%10.6%—
Return on equity15.4%14.4%18.8%30.2%31.7%22.0%—
Return on assets8.5%7.4%7.7%9.7%9.7%8.5%—
Free cash flow yield4.6%3.9%4.7%3.7%2.8%2.8%—
Revenue growth8.7%-11.0%18.4%28.8%28.5%0.2%—
Earnings growth17.6%-11.7%14.2%26.6%39.7%0.3%—
Current ratio1.70x1.88x1.69x1.65x1.62x1.92x—
Debt to equity0.21x0.29x0.42x0.83x0.87x0.86x—
Equity ratio55.0%51.1%40.9%32.1%30.5%38.5%—
Interest coverage9.60x6.10x9.64x28.12x29.05x25.78x—
R&D as a share of sales—6.0%4.0%3.6%4.5%5.3%5.5%
Buybacks as a share of market value-7.0%-0.4%-6.1%-0.5%-2.8%0.0%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue4.6%13.7%12.0%
Operating income-1.2%12.5%10.6%
Net income5.8%16.0%13.2%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin13.2%14.6%14.6%14.7%
Net margin11.3%11.2%11.2%11.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings38.331.737.338.054.253.138.530.3
Price to sales4.53.44.14.36.25.64.13.3

Dividends and splits

Per share, in the currency the company pays

Paid for 7 years. Last went ex-dividend on 22 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.1950.1650.190.1750.1460.120.120.10

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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