D 
77.30
+0.78%
Close of 9 Nov 2026, in CHF
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CHF, from our data supplier.
Revenue
CHF 11.07bn
FY2016FY2025
Net income
CHF 202.9m
FY2016FY2025
Free cash flow
CHF 281.9m
FY2016FY2025
Shareholders' equity
CHF 1.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 11.07bn | CHF 11.09bn | CHF 11.07bn | CHF 11.32bn | CHF 11.11bn | CHF 10.74bn | CHF 11.58bn | CHF 11.36bn | CHF 11.02bn | CHF 10.51bn |
| Gross profit | CHF 746.9m | CHF 1.64bn | CHF 1.65bn | CHF 792.8m | CHF 770.5m | CHF 716.3m | CHF 775.2m | CHF 905.0m | CHF 890.7m | CHF 878.4m |
| Research and development | — | — | — | — | — | — | — | CHF 2.0m | CHF 1.5m | CHF 2.5m |
| Operating income | CHF 316.6m | CHF 333.9m | CHF 305.9m | CHF 287.7m | CHF 305.4m | CHF 221.5m | CHF 247.9m | CHF 278.5m | CHF 280.4m | CHF 281.3m |
| Net income | CHF 202.9m | CHF 214.8m | CHF 182.0m | CHF 201.1m | CHF 223.9m | CHF 157.1m | CHF 172.6m | CHF 254.8m | CHF 207.0m | CHF 208.6m |
| Diluted earnings per share | 3.24 | 3.29 | 2.80 | 3.08 | 3.44 | 2.42 | 2.65 | 3.90 | 3.17 | 3.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 5.50bn | CHF 5.85bn | CHF 5.47bn | CHF 5.88bn | CHF 5.35bn | CHF 5.12bn | CHF 5.35bn | CHF 4.90bn | CHF 4.64bn | CHF 4.42bn |
| Cash and short-term investments | CHF 538.4m | CHF 609.1m | CHF 687.2m | CHF 636.4m | CHF 673.7m | CHF 680.8m | CHF 592.6m | CHF 614.3m | CHF 443.1m | CHF 611.3m |
| Total liabilities | CHF 3.68bn | CHF 3.97bn | CHF 3.73bn | CHF 4.05bn | CHF 3.46bn | CHF 3.32bn | CHF 3.52bn | CHF 3.13bn | CHF 3.01bn | CHF 2.74bn |
| Debt | CHF 753.0m | CHF 839.8m | CHF 958.2m | CHF 1.01bn | CHF 587.1m | CHF 565.6m | CHF 500.9m | CHF 140.5m | CHF 98.9m | CHF 98.8m |
| Shareholders' equity | CHF 1.76bn | CHF 1.82bn | CHF 1.69bn | CHF 1.76bn | CHF 1.81bn | CHF 1.74bn | CHF 1.77bn | CHF 1.71bn | CHF 1.58bn | CHF 1.64bn |
| Shares outstanding | 63m | 65m | 65m | 65m | 65m | 65m | 65m | 65m | 65m | 65m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 320.1m | CHF 362.9m | CHF 393.1m | CHF 321.9m | CHF 393.2m | CHF 325.3m | CHF 294.2m | CHF 179.9m | CHF 166.4m | CHF 166.4m |
| Capital spending | −CHF 38.2m | −CHF 41.6m | −CHF 52.3m | −CHF 84.9m | −CHF 55.0m | −CHF 35.7m | −CHF 52.1m | −CHF 35.3m | −CHF 25.8m | −CHF 32.2m |
| Free cash flow | CHF 281.9m | CHF 321.3m | CHF 340.8m | CHF 237.0m | CHF 338.2m | CHF 289.6m | CHF 242.1m | CHF 144.6m | CHF 140.6m | CHF 134.2m |
| Dividends paid | −CHF 152.6m | −CHF 146.1m | −CHF 139.6m | −CHF 133.2m | −CHF 126.8m | −CHF 123.6m | −CHF 120.3m | −CHF 107.3m | −CHF 292.7m | −CHF 84.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 5.47bn | CHF 5.55bn | CHF 5.53bn | CHF 5.65bn | CHF 5.45bn | CHF 5.44bn | CHF 5.62bn | CHF 5.72bn |
| Gross profit | CHF 356.5m | CHF 305.4m | CHF 655.0m | CHF 396.2m | CHF 443.1m | CHF 374.1m | CHF 385.6m | CHF 415.2m |
| Operating income | CHF 152.4m | CHF 150.6m | CHF 166.0m | CHF 170.8m | CHF 160.6m | CHF 151.1m | CHF 160.5m | CHF 165.7m |
| Net income | CHF 105.2m | CHF 111.1m | CHF 91.8m | CHF 103.6m | CHF 111.2m | CHF 78.6m | CHF 103.4m | CHF 98.3m |
| Diluted earnings per share | 1.67 | 1.77 | 1.47 | 1.59 | 1.70 | 1.21 | 1.59 | 1.51 |
| Cash from operations | CHF 190.0m | CHF 149.0m | CHF 170.0m | CHF 151.0m | CHF 211.0m | CHF 157.0m | CHF 235.0m | CHF 187.0m |
| Capital spending | −CHF 13.0m | −CHF 17.0m | −CHF 18.0m | −CHF 17.0m | −CHF 16.0m | −CHF 31.0m | −CHF 21.0m | −CHF 57.0m |
| Free cash flow | CHF 177.0m | CHF 132.0m | CHF 152.0m | CHF 134.0m | CHF 195.0m | CHF 126.0m | CHF 214.0m | CHF 130.0m |
| Total assets | CHF 5.55bn | CHF 5.50bn | CHF 5.39bn | CHF 5.85bn | CHF 5.54bn | CHF 5.47bn | CHF 5.74bn | CHF 5.88bn |
| Cash and short-term investments | CHF 503.7m | CHF 538.4m | CHF 482.1m | CHF 609.1m | CHF 501.6m | CHF 687.2m | CHF 627.5m | CHF 636.4m |
| Debt | CHF 103.1m | CHF 753.0m | CHF 736.5m | CHF 839.8m | CHF 782.1m | CHF 734.9m | CHF 953.4m | CHF 1.01bn |
| Shareholders' equity | CHF 1.71bn | CHF 1.76bn | CHF 1.65bn | CHF 1.82bn | CHF 1.71bn | CHF 1.69bn | CHF 1.67bn | CHF 1.76bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 6.7% | 14.8% | 14.9% | 7.0% | 6.9% | 6.7% | — | — | — | — | — | — |
| Operating margin | 2.9% | 3.1% | 2.7% | 2.7% | 3.0% | 2.3% | — | — | — | — | — | — |
| Net margin | 1.8% | 1.9% | 1.6% | 1.8% | 2.0% | 1.5% | — | — | — | — | — | — |
| Return on equity | 11.6% | 11.8% | 10.8% | 11.4% | 12.4% | 9.0% | — | — | — | — | — | — |
| Return on assets | 3.7% | 3.7% | 3.3% | 3.4% | 4.2% | 3.1% | — | — | — | — | — | — |
| Free cash flow yield | 8.0% | 8.6% | 9.5% | 8.7% | 9.6% | 7.7% | — | — | — | — | — | — |
| Revenue growth | -0.2% | 0.2% | -2.2% | 1.9% | 3.4% | -7.2% | — | — | — | — | — | — |
| Earnings growth | -5.5% | 18.0% | -9.5% | -10.2% | 42.5% | -9.0% | — | — | — | — | — | — |
| Current ratio | 1.43x | 1.33x | 1.40x | 1.42x | 1.40x | 1.48x | — | — | — | — | — | — |
| Debt to equity | 0.32x | 0.34x | 0.44x | 0.42x | 0.20x | 0.24x | — | — | — | — | — | — |
| Equity ratio | 31.9% | 31.1% | 30.8% | 29.9% | 33.8% | 34.0% | — | — | — | — | — | — |
| Interest coverage | 11.55x | 10.73x | 7.86x | 11.95x | 15.39x | 10.65x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 4.0% | -0.3% | 0.3% | -0.1% | -0.2% | 0.0% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.7% | 0.6% | 1.0% |
| Operating income | 3.2% | 7.4% | 4.1% |
| Net income | 0.3% | 5.2% | 0.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.8% | 10.9% | 9.5% | 8.8% |
| Operating margin | 2.9% | 2.8% | 2.7% | 2.5% |
| Net margin | 1.9% | 1.8% | 1.8% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.6 | 20.4 | 20.9 | 22.8 | 21.9 | 27.6 | 19.9 | 17.4 | 26.9 | 21.9 |
| Price to sales | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 31 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.50 | 2.35 | 2.25 | 2.15 | 2.05 | 1.95 | 1.90 | 1.85 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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