586.60
+1.14%
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 3.16bn
FY2016FY2025
Net income
CHF 597.8m
FY2016FY2025
Free cash flow
CHF 678.1m
FY2016FY2025
Shareholders' equity
CHF 1.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 3.16bn | CHF 3.09bn | CHF 3.08bn | CHF 3.39bn | CHF 3.46bn | CHF 2.99bn | CHF 3.08bn | CHF 3.08bn | CHF 2.91bn | CHF 2.81bn |
| Research and development | CHF 69.9m | CHF 74.6m | CHF 69.4m | CHF 74.8m | CHF 83.3m | CHF 76.0m | CHF 77.3m | CHF 76.1m | CHF 78.4m | CHF 68.7m |
| Operating income | CHF 907.0m | CHF 761.8m | CHF 773.3m | CHF 759.4m | CHF 912.4m | CHF 778.7m | CHF 756.6m | CHF 707.6m | CHF 621.7m | CHF 640.1m |
| Net income | CHF 597.8m | CHF 597.1m | CHF 617.0m | CHF 706.3m | CHF 755.7m | CHF 642.3m | CHF 646.9m | CHF 597.2m | CHF 527.4m | CHF 548.2m |
| Diluted earnings per share | 18.00 | 18.04 | 18.44 | 20.58 | 21.19 | 17.89 | 17.92 | 16.46 | 14.34 | 14.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 3.86bn | CHF 3.64bn | CHF 3.56bn | CHF 3.43bn | CHF 3.77bn | CHF 3.75bn | CHF 3.73bn | CHF 3.50bn | CHF 3.74bn | CHF 3.60bn |
| Cash and short-term investments | CHF 585.8m | CHF 407.7m | CHF 356.8m | CHF 205.7m | CHF 511.0m | CHF 468.6m | CHF 428.1m | CHF 282.2m | CHF 412.7m | CHF 509.7m |
| Total liabilities | CHF 2.34bn | CHF 2.34bn | CHF 2.24bn | CHF 1.93bn | CHF 1.78bn | CHF 1.83bn | CHF 1.83bn | CHF 1.76bn | CHF 1.91bn | CHF 1.97bn |
| Debt | CHF 1.35bn | CHF 1.37bn | CHF 1.32bn | CHF 1.03bn | CHF 783.9m | CHF 778.8m | CHF 836.9m | CHF 837.4m | CHF 895.2m | CHF 970.9m |
| Shareholders' equity | CHF 1.52bn | CHF 1.30bn | CHF 1.32bn | CHF 1.50bn | CHF 1.99bn | CHF 1.92bn | CHF 1.90bn | CHF 1.75bn | CHF 1.84bn | CHF 1.64bn |
| Shares outstanding | 33m | 33m | 33m | 34m | 36m | 36m | 36m | 36m | 37m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 843.0m | CHF 847.6m | CHF 857.9m | CHF 736.0m | CHF 998.9m | CHF 900.0m | CHF 834.0m | CHF 747.5m | CHF 640.4m | CHF 715.2m |
| Capital spending | −CHF 164.9m | −CHF 195.3m | −CHF 197.1m | −CHF 155.1m | −CHF 169.4m | −CHF 149.7m | −CHF 166.9m | −CHF 162.4m | −CHF 159.0m | −CHF 139.1m |
| Free cash flow | CHF 678.1m | CHF 652.3m | CHF 660.8m | CHF 580.9m | CHF 829.5m | CHF 750.3m | CHF 667.1m | CHF 585.1m | CHF 481.4m | CHF 576.1m |
| Dividends paid | −CHF 421.5m | −CHF 419.5m | −CHF 423.7m | −CHF 433.1m | −CHF 404.5m | −CHF 404.0m | −CHF 389.0m | −CHF 380.8m | −CHF 368.4m | −CHF 309.3m |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 28.7% | 24.7% | 25.1% | 22.4% | 26.4% | 26.1% |
| Net margin | 18.9% | 19.4% | 20.0% | 20.8% | 21.8% | 21.5% |
| Return on equity | 39.4% | 45.9% | 46.7% | 47.2% | 38.0% | 33.4% |
| Return on assets | 15.5% | 16.4% | 17.3% | 20.6% | 20.0% | 17.1% |
| Free cash flow yield | 5.5% | 5.7% | 5.7% | 4.7% | 5.9% | 5.3% |
| Revenue growth | 2.5% | 0.1% | -9.1% | -2.0% | 15.9% | -3.1% |
| Earnings growth | 0.1% | -3.2% | -12.6% | -6.5% | 17.7% | -0.7% |
| Current ratio | 1.54x | 1.32x | 1.44x | 1.20x | 1.26x | 1.88x |
| Debt to equity | 0.87x | 1.03x | 0.98x | 0.66x | 0.37x | 0.39x |
| Equity ratio | 39.3% | 35.8% | 37.1% | 43.7% | 52.7% | 51.2% |
| Interest coverage | 28.89x | 24.18x | 30.33x | 62.76x | 94.06x | 62.30x |
| R&D as a share of sales | 2.2% | 2.4% | 2.3% | 2.2% | 2.4% | 2.5% |
| Buybacks as a share of market value | -0.4% | 1.1% | 2.5% | 3.8% | 0.7% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.3% | 1.2% | 2.0% |
| Operating income | 6.1% | 3.1% | 6.2% |
| Net income | -5.4% | -1.4% | 3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 26.7% | 25.2% | 25.5% | 24.1% |
| Net margin | 19.1% | 19.8% | 20.4% | 19.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.5 | 28.5 | 29.2 | 21.2 | 35.2 | 31.0 | 30.3 | 23.2 | 29.9 | 27.5 |
| Price to sales | 6.5 | 5.5 | 5.8 | 4.4 | 7.7 | 6.7 | 6.4 | 4.5 | 5.4 | 5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 26 years. Last went ex-dividend on 17 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 12.90 | 12.80 | 12.70 | 12.60 | 12.50 | 11.40 | 11.30 | 10.80 |
- 10-for-1 split · 8 May 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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