B 
42.87
+1.37%
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
€56.88bn
FY2016FY2025
Net income
€1.14bn
FY2016FY2025
Free cash flow
€2.63bn
FY2016FY2025
Shareholders' equity
€13.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €56.88bn | €56.75bn | €56.06bn | €44.32bn | €37.59bn | €34.76bn | €38.01bn | €35.55bn | €32.90bn | €31.77bn |
| Research and development | — | €76.0m | €71.0m | €63.0m | €41.0m | €62.0m | €63.0m | €74.0m | €72.0m | €59.0m |
| Operating income | €1.90bn | €2.24bn | €2.11bn | €1.87bn | €2.45bn | €1.56bn | €2.60bn | €2.34bn | €1.53bn | €947.0m |
| Net income | €1.14bn | €1.06bn | €1.04bn | €973.0m | €1.13bn | €696.0m | €1.18bn | €1.31bn | €1.08bn | €732.0m |
| Diluted earnings per share | 2.96 | 2.79 | 2.75 | 2.57 | 2.96 | 1.82 | 3.19 | 3.58 | 3.04 | 2.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €64.12bn | €63.08bn | €60.75bn | €60.59bn | €44.64bn | €40.62bn | €39.35bn | €37.69bn | €35.78bn | €34.85bn |
| Cash and short-term investments | €7.54bn | €5.57bn | €5.55bn | €5.74bn | €6.50bn | €4.22bn | €3.57bn | €2.94bn | €4.83bn | €4.77bn |
| Total liabilities | €49.27bn | €48.57bn | €46.63bn | €46.66bn | €31.85bn | €28.82bn | €27.55bn | €26.58bn | €25.57bn | €25.43bn |
| Debt | €12.32bn | €14.74bn | €14.83bn | €15.97bn | €9.31bn | €7.94bn | €7.56bn | €8.17bn | €6.74bn | €6.50bn |
| Shareholders' equity | €13.04bn | €12.70bn | €12.41bn | €12.21bn | €11.14bn | €10.34bn | €10.40bn | €9.73bn | €8.85bn | €8.14bn |
| Shares outstanding | 384m | 379m | 378m | 378m | 380m | 382m | 371m | 366m | 356m | 345m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €5.13bn | €5.38bn | €5.38bn | €2.98bn | €3.58bn | €3.41bn | €3.37bn | €2.22bn | €2.16bn | €2.42bn |
| Capital spending | −€2.50bn | −€1.99bn | −€2.66bn | −€2.73bn | −€2.54bn | −€2.65bn | −€1.88bn | −€2.34bn | −€2.04bn | −€2.16bn |
| Free cash flow | €2.63bn | €3.39bn | €2.71bn | €248.0m | €1.04bn | €758.0m | €1.49bn | −€127.0m | €128.0m | €254.0m |
| Dividends paid | −€755.0m | −€718.0m | −€671.0m | −€680.0m | −€647.0m | −€646.0m | −€631.0m | −€620.0m | −€568.0m | −€552.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €14.11bn | €12.18bn | €15.02bn | €14.99bn | €14.30bn | €12.59bn | €15.28bn | €14.98bn |
| Operating income | €729.0m | €53.0m | €873.0m | €994.0m | €667.0m | €21.0m | €768.0m | €878.0m |
| Net income | €381.0m | −€94.0m | €463.0m | €502.0m | €329.0m | −€156.0m | €371.0m | €501.0m |
| Diluted earnings per share | 0.99 | -0.24 | 1.20 | 1.31 | 0.86 | -0.41 | 0.98 | 1.32 |
| Cash from operations | €220.0m | −€174.0m | €3.53bn | €1.61bn | €157.0m | −€1.0m | €3.94bn | €1.23bn |
| Capital spending | −€461.0m | −€726.0m | −€653.0m | −€569.0m | −€506.0m | −€773.0m | −€270.0m | −€529.0m |
| Free cash flow | −€241.0m | −€900.0m | €2.87bn | €1.04bn | −€349.0m | −€774.0m | €3.67bn | €696.0m |
| Total assets | €63.50bn | €64.09bn | €64.12bn | €62.82bn | €62.18bn | €62.76bn | €63.08bn | €61.51bn |
| Cash and short-term investments | €4.86bn | €6.66bn | €7.54bn | €3.96bn | €3.33bn | €4.70bn | €5.57bn | €3.47bn |
| Debt | €11.96bn | €12.30bn | €12.89bn | €1.81bn | €12.47bn | €12.38bn | €12.29bn | €12.54bn |
| Shareholders' equity | €12.54bn | €13.02bn | €13.04bn | €12.55bn | €12.06bn | €12.46bn | €12.70bn | €12.21bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 3.3% | 4.0% | 3.8% | 4.2% | 6.5% | 4.5% | — |
| Net margin | 2.0% | 1.9% | 1.9% | 2.2% | 3.0% | 2.0% | — |
| Return on equity | 8.7% | 8.3% | 8.4% | 8.0% | 10.1% | 6.7% | — |
| Return on assets | 1.8% | 1.7% | 1.7% | 1.6% | 2.5% | 1.7% | — |
| Free cash flow yield | 46.0% | 45.1% | 49.3% | 35.0% | 37.3% | 36.7% | — |
| Revenue growth | 0.2% | 1.2% | 26.5% | 17.9% | 8.1% | -8.6% | — |
| Earnings growth | 7.6% | 1.7% | 6.9% | -13.5% | 61.6% | -41.2% | — |
| Current ratio | 0.93x | 0.92x | 0.95x | 0.99x | 1.04x | 0.99x | — |
| Debt to equity | 0.95x | 0.97x | 1.00x | 1.14x | 0.70x | 0.64x | — |
| Equity ratio | 20.3% | 20.1% | 20.4% | 20.2% | 25.0% | 25.5% | — |
| Interest coverage | 2.71x | 3.13x | 4.46x | 6.43x | 10.76x | 6.21x | — |
| R&D as a share of sales | — | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% |
| Buybacks as a share of market value | -1.6% | -0.1% | 0.1% | 0.4% | 0.5% | -3.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.7% | 10.3% | 5.8% |
| Operating income | 0.4% | 3.9% | 11.0% |
| Net income | 5.4% | 10.3% | 10.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.6% | 3.8% | 4.2% | 4.4% |
| Net margin | 1.9% | 2.0% | 2.1% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.0 | 10.2 | 12.4 | 10.9 | 10.6 | 18.5 | 11.9 | 8.8 | 14.2 | 16.1 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.4 | 0.3 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 28 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.10 | 2.00 | 1.90 | 1.80 | 1.80 | 3.40 | 1.70 | 1.70 |
- 10-for-1 split · 3 Jul 2000
- 1-to-1 reverse split · 16 Jun 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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