D 
41.77
+3.16%
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
€45.53bn
FY2018FY2025
Net income
€1.97bn
FY2018FY2025
Free cash flow
€3.22bn
FY2018FY2025
Shareholders' equity
€21.55bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €45.53bn | €54.08bn | €55.89bn | €50.95bn | €39.76bn | €36.01bn | €46.24bn | €43.70bn |
| Gross profit | €10.57bn | €13.28bn | €11.98bn | €9.57bn | €7.32bn | €5.65bn | €8.69bn | €8.28bn |
| Research and development | €2.10bn | €1.66bn | €1.75bn | €1.61bn | €1.38bn | €1.42bn | €1.66bn | €1.50bn |
| Operating income | €4.07bn | €5.76bn | €4.92bn | €2.93bn | €1.49bn | €535.0m | €2.30bn | €2.50bn |
| Net income | €1.97bn | €2.90bn | €3.77bn | €2.67bn | €2.35bn | −€143.0m | €1.73bn | €1.81bn |
| Diluted earnings per share | 2.57 | 3.70 | 4.68 | 3.24 | 2.85 | -0.17 | 2.10 | 2.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | €72.53bn | €73.85bn | €71.21bn | €63.97bn | €54.80bn | €49.99bn | €55.37bn | €49.97bn |
| Cash and short-term investments | €11.18bn | €8.76bn | €8.84bn | €7.09bn | €7.35bn | €7.50bn | €5.82bn | €3.46bn |
| Total liabilities | €50.46bn | €51.00bn | €48.99bn | €43.36bn | €38.38bn | €41.28bn | €45.02bn | €40.64bn |
| Debt | €28.00bn | €27.02bn | €23.74bn | €19.83bn | €15.85bn | €19.68bn | €22.30bn | €18.82bn |
| Shareholders' equity | €21.55bn | €22.20bn | €21.61bn | €6.67bn | €2.71bn | €9.70bn | €10.62bn | €9.64bn |
| Shares outstanding | 766m | 784m | 806m | 823m | 823m | 823m | 823m | 823m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | €4.34bn | €1.55bn | €386.0m | −€523.0m | €2.10bn | €4.17bn | €1.27bn | €876.0m |
| Capital spending | −€1.12bn | −€1.42bn | −€1.31bn | −€898.0m | −€762.0m | −€796.0m | −€1.13bn | −€1.22bn |
| Free cash flow | €3.22bn | €138.0m | −€920.0m | −€1.42bn | €1.34bn | €3.37bn | €140.0m | −€345.0m |
| Dividends paid | −€1.46bn | −€1.53bn | −€1.07bn | — | −€6.0m | −€14.0m | −€985.0m | −€593.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €12.29bn | €9.98bn | €11.80bn | €10.55bn | €11.67bn | €12.45bn | €14.35bn | €12.18bn |
| Gross profit | €2.19bn | €1.77bn | €2.18bn | €1.85bn | €2.13bn | €2.73bn | €2.80bn | €2.37bn |
| Operating income | €767.0m | €403.0m | €677.0m | €479.0m | €315.0m | €980.0m | €843.0m | €720.0m |
| Net income | €1.46bn | €175.0m | €489.0m | €434.0m | €277.0m | €770.0m | €747.0m | €610.0m |
| Diluted earnings per share | 1.91 | 0.23 | 0.64 | 0.57 | 0.36 | 1.01 | 0.95 | 0.78 |
| Cash from operations | €461.0m | €260.0m | €1.80bn | €1.27bn | €477.0m | €786.0m | €1.69bn | €137.0m |
| Capital spending | −€290.0m | −€143.0m | −€487.0m | −€279.0m | −€267.0m | −€287.0m | −€770.0m | −€406.0m |
| Free cash flow | €171.0m | €117.0m | €1.31bn | €996.0m | €210.0m | €499.0m | €920.0m | −€269.0m |
| Total assets | €72.63bn | €74.65bn | €72.53bn | €71.93bn | €71.43bn | €75.31bn | €73.85bn | €73.31bn |
| Cash and short-term investments | €10.62bn | €11.64bn | €11.18bn | €10.13bn | €9.89bn | €10.72bn | €8.76bn | €9.62bn |
| Debt | €27.54bn | €28.99bn | €28.00bn | €7.15bn | €26.49bn | €28.04bn | €25.56bn | €26.81bn |
| Shareholders' equity | €22.57bn | €21.91bn | €21.55bn | €20.98bn | €20.49bn | €22.40bn | €22.20bn | €21.42bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.2% | 24.6% | 21.4% | 18.8% | 18.4% | 15.7% |
| Operating margin | 8.9% | 10.6% | 8.8% | 5.7% | 3.8% | 1.5% |
| Net margin | 4.3% | 5.4% | 6.8% | 5.2% | 5.9% | -0.4% |
| Return on equity | 9.1% | 13.1% | 17.5% | 40.0% | 86.6% | -1.5% |
| Return on assets | 2.7% | 3.9% | 5.3% | 4.2% | 4.3% | -0.3% |
| Free cash flow yield | 16.4% | 8.7% | 4.8% | 1.0% | 8.0% | 13.9% |
| Revenue growth | -15.8% | -3.2% | 9.7% | 28.1% | 10.4% | -22.1% |
| Earnings growth | -32.1% | -23.2% | 41.7% | 13.5% | -1741.3% | -108.3% |
| Current ratio | 1.84x | 1.63x | 1.65x | 1.54x | 1.61x | 1.19x |
| Debt to equity | 1.30x | 1.15x | 1.00x | 2.67x | 3.47x | 1.07x |
| Equity ratio | 29.7% | 30.1% | 30.3% | 10.4% | 4.9% | 19.4% |
| Interest coverage | 14.48x | 37.15x | 26.48x | 15.42x | 13.82x | 3.77x |
| R&D as a share of sales | 4.6% | 3.1% | 3.1% | 3.2% | 3.5% | 3.9% |
| Buybacks as a share of market value | 2.3% | 2.7% | 2.1% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.7% | 4.8% | — |
| Operating income | 11.6% | 50.0% | — |
| Net income | -9.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.9% | 22.0% | 20.7% | — |
| Operating margin | 9.9% | 8.6% | 7.0% | — |
| Net margin | 4.9% | 5.5% | 4.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 14.4 | 10.0 | 7.3 | 8.9 | 11.3 |
| Price to sales | 0.6 | 0.5 | 0.5 | 0.5 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 1.90 | 1.90 | 1.90 | 1.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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