FLSmidth & Co A/S FLS.CO · DKK

Industrials · Nasdaq Copenhagen · 🇩🇰 Denmark

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574.50

+2.96%

Close of 9 Nov 2026, in DKK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in DKK, from our data supplier.

FY2025

Revenue

DKK 14.61bn

FY2016FY2025

Net income

DKK 175.0m

FY2016FY2025

Free cash flow

DKK 411.0m

FY2016FY2025

Shareholders' equity

DKK 9.51bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	DKK 14.61bn	DKK 20.19bn	DKK 24.11bn	DKK 21.85bn	DKK 17.58bn	DKK 16.44bn	DKK 20.65bn	DKK 18.75bn	DKK 18.00bn	DKK 18.19bn
Gross profit	DKK 4.66bn	DKK 6.46bn	DKK 6.09bn	DKK 5.08bn	DKK 4.18bn	DKK 3.87bn	DKK 4.85bn	DKK 4.69bn	DKK 4.60bn	DKK 4.58bn
Research and development	DKK 184.0m	DKK 425.0m	DKK 217.0m	DKK 169.0m	DKK 10.0m	DKK 160.0m	DKK 160.0m	DKK 161.0m	DKK 158.0m	DKK 182.0m
Operating income	DKK 1.71bn	DKK 1.74bn	DKK 1.20bn	DKK 620.0m	DKK 618.0m	DKK 532.0m	DKK 1.24bn	DKK 1.17bn	DKK 917.0m	DKK 932.0m
Net income	DKK 175.0m	DKK 1.02bn	DKK 497.0m	DKK 370.0m	DKK 358.0m	DKK 210.0m	DKK 775.0m	DKK 642.0m	DKK 417.0m	DKK 518.0m
Diluted earnings per share	3.20	17.91	8.76	6.52	6.33	3.96	15.47	12.81	8.34	10.36

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	DKK 22.09bn	DKK 26.93bn	DKK 27.01bn	DKK 29.84bn	DKK 23.05bn	DKK 20.46bn	DKK 23.53bn	DKK 21.74bn	DKK 22.36bn	DKK 24.11bn
Cash and short-term investments	DKK 594.0m	DKK 1.07bn	DKK 1.35bn	DKK 2.13bn	DKK 1.94bn	DKK 946.0m	DKK 1.00bn	DKK 875.0m	DKK 1.38bn	DKK 1.45bn
Total liabilities	DKK 12.59bn	DKK 15.15bn	DKK 16.18bn	DKK 19.06bn	DKK 12.69bn	DKK 12.33bn	DKK 14.74bn	DKK 13.48bn	DKK 14.33bn	DKK 15.65bn
Debt	DKK 2.39bn	DKK 1.77bn	DKK 1.92bn	DKK 2.87bn	DKK 1.05bn	DKK 2.75bn	DKK 3.49bn	DKK 2.80bn	DKK 2.95bn	DKK 3.95bn
Shareholders' equity	DKK 9.51bn	DKK 11.80bn	DKK 10.86bn	DKK 10.81bn	DKK 10.37bn	DKK 8.14bn	DKK 8.78bn	DKK 8.26bn	DKK 8.00bn	DKK 8.42bn
Shares outstanding	55m	57m	57m	57m	57m	53m	50m	50m	50m	50m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	DKK 996.0m	DKK 640.0m	DKK 623.0m	DKK 968.0m	DKK 1.45bn	DKK 1.42bn	DKK 948.0m	DKK 385.0m	DKK 1.06bn	DKK 1.45bn
Capital spending	−DKK 585.0m	−DKK 698.0m	−DKK 499.0m	−DKK 333.0m	−DKK 295.0m	−DKK 349.0m	−DKK 419.0m	−DKK 508.0m	−DKK 265.0m	−DKK 262.0m
Free cash flow	DKK 411.0m	−DKK 58.0m	DKK 124.0m	DKK 635.0m	DKK 1.15bn	DKK 1.07bn	DKK 529.0m	−DKK 123.0m	DKK 800.0m	DKK 1.19bn
Dividends paid	−DKK 458.0m	−DKK 230.0m	−DKK 170.0m	−DKK 176.0m	−DKK 101.0m	−DKK 14.0m	−DKK 450.0m	−DKK 421.0m	−DKK 296.0m	−DKK 197.0m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	DKK 3.94bn	DKK 3.28bn	DKK 4.07bn	DKK 3.45bn	DKK 3.38bn	DKK 4.73bn	DKK 5.33bn	DKK 5.06bn
Gross profit	DKK 1.33bn	DKK 1.06bn	DKK 1.22bn	DKK 1.10bn	DKK 1.20bn	DKK 1.63bn	DKK 1.80bn	DKK 1.67bn
Operating income	DKK 604.0m	DKK 424.0m	DKK 518.0m	DKK 426.0m	DKK 469.0m	DKK 533.0m	DKK 542.0m	DKK 519.0m
Net income	DKK 440.0m	DKK 985.0m	−DKK 279.0m	DKK 392.0m	−DKK 460.0m	DKK 347.0m	DKK 356.0m	DKK 287.0m
Diluted earnings per share	8.17	18.29	-5.10	7.17	-8.41	6.35	6.26	5.05
Cash from operations	−DKK 84.0m	DKK 103.0m	DKK 3.0m	DKK 478.0m	DKK 527.0m	−DKK 12.0m	DKK 621.0m	DKK 357.0m
Capital spending	−DKK 34.0m	−DKK 91.0m	−DKK 72.0m	−DKK 87.0m	−DKK 241.0m	−DKK 129.0m	−DKK 208.0m	−DKK 227.0m
Free cash flow	−DKK 118.0m	DKK 12.0m	−DKK 69.0m	DKK 391.0m	DKK 286.0m	−DKK 141.0m	DKK 413.0m	DKK 130.0m
Total assets	DKK 23.36bn	DKK 22.47bn	DKK 22.09bn	DKK 24.68bn	DKK 24.39bn	DKK 26.38bn	DKK 26.93bn	DKK 27.62bn
Cash and short-term investments	DKK 652.0m	DKK 554.0m	DKK 594.0m	DKK 801.0m	DKK 660.0m	DKK 859.0m	DKK 1.07bn	DKK 1.43bn
Debt	DKK 152.0m	DKK 2.24bn	DKK 2.45bn	DKK 2.16bn	DKK 1.91bn	DKK 1.68bn	DKK 1.64bn	DKK 2.47bn
Shareholders' equity	DKK 10.48bn	DKK 10.11bn	DKK 9.51bn	DKK 10.19bn	DKK 10.30bn	DKK 11.86bn	DKK 11.80bn	DKK 11.12bn

Financial ratios

Data as of 21 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	31.9%	32.0%	25.3%	23.2%	23.8%	23.5%
Operating margin	11.7%	8.6%	5.0%	2.8%	3.5%	3.2%
Net margin	1.2%	5.0%	2.1%	1.7%	2.0%	1.3%
Return on equity	1.8%	8.6%	4.6%	3.4%	3.5%	2.6%
Return on assets	0.8%	3.8%	1.8%	1.2%	1.6%	1.0%
Free cash flow yield	5.0%	4.1%	3.4%	4.0%	5.3%	5.8%
Revenue growth	-27.6%	-16.3%	10.3%	24.3%	6.9%	-20.4%
Earnings growth	-82.8%	104.8%	34.3%	3.4%	70.5%	-72.9%
Current ratio	1.22x	1.14x	1.08x	1.15x	1.27x	1.25x
Debt to equity	0.25x	0.14x	0.16x	0.25x	0.08x	0.31x
Equity ratio	43.1%	43.8%	40.2%	36.2%	45.0%	39.8%
Interest coverage	14.62x	10.80x	7.45x	7.21x	7.36x	6.65x
R&D as a share of sales	1.3%	2.1%	0.9%	0.8%	0.1%	1.0%
Buybacks as a share of market value	3.8%	-0.2%	0.0%	-0.4%	-6.6%	-5.8%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	-12.6%	-2.3%	-2.9%
Operating income	40.2%	26.3%	5.2%
Net income	-22.1%	-3.6%	-11.6%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	32.0%	27.6%	26.4%	25.7%
Operating margin	9.9%	6.5%	5.6%	5.6%
Net margin	3.4%	2.6%	2.3%	2.7%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	139.0	19.9	32.8	38.6	38.6	58.8	17.2	22.9	43.3	28.3
Price to sales	1.7	1.0	0.7	0.7	0.8	0.8	0.6	0.8	1.0	0.8

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 25 Mar 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2019	FY2018
Paid in the year	4.00	8.00	4.00	3.00	3.00	2.00	9.00	8.00

1-to-1 reverse split · 2 May 2006
1-to-1 reverse split · 3 May 2001
5-for-1 split · 16 Jun 1997
6-for-5 split · 26 Aug 1992

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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FLSmidth & Co A/S FLS.CO · DKK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology