1,500.00
+2.88%
Close of 9 Nov 2026, in CHF
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At a glance
Figures in CHF, from our data supplier.
Revenue
CHF 514.2m
FY2016FY2025
Net income
CHF 55.9m
FY2016FY2025
Free cash flow
CHF 39.8m
FY2016FY2025
Shareholders' equity
CHF 492.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 514.2m | CHF 527.1m | CHF 556.3m | CHF 664.4m | CHF 640.1m | CHF 530.6m | CHF 559.7m | CHF 559.9m | CHF 450.7m | CHF 401.5m |
| Research and development | — | — | CHF 8.5m | CHF 11.2m | CHF 12.2m | CHF 10.0m | CHF 10.6m | CHF 11.3m | CHF 10.7m | CHF 7.5m |
| Operating income | CHF 69.3m | CHF 77.8m | CHF 83.9m | CHF 105.2m | CHF 99.3m | CHF 94.1m | CHF 72.8m | CHF 69.5m | CHF 47.4m | CHF 47.8m |
| Net income | CHF 55.9m | CHF 62.5m | CHF 66.3m | CHF 82.8m | CHF 80.6m | CHF 71.7m | CHF 56.0m | CHF 51.8m | CHF 39.1m | CHF 36.2m |
| Diluted earnings per share | 64.48 | 75.38 | 80.51 | 100.91 | 98.08 | 86.11 | 66.79 | 61.61 | 46.03 | 42.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 600.8m | CHF 591.3m | CHF 544.0m | CHF 549.6m | CHF 547.0m | CHF 476.2m | CHF 435.1m | CHF 417.6m | CHF 355.3m | CHF 324.8m |
| Cash and short-term investments | CHF 216.0m | CHF 204.1m | CHF 140.3m | CHF 79.3m | CHF 68.5m | CHF 98.3m | CHF 83.8m | CHF 52.0m | CHF 37.3m | CHF 38.3m |
| Total liabilities | CHF 108.3m | CHF 119.1m | CHF 133.2m | CHF 155.5m | CHF 201.5m | CHF 164.2m | CHF 131.0m | CHF 132.8m | CHF 93.7m | CHF 91.7m |
| Debt | CHF 10.2m | CHF 9.3m | CHF 7.1m | CHF 8.5m | CHF 22.4m | CHF 6.1m | CHF 6.9m | CHF 14,000 | CHF 212,000 | CHF 283,000 |
| Shareholders' equity | CHF 492.5m | CHF 472.2m | CHF 410.8m | CHF 394.2m | CHF 345.4m | CHF 312.0m | CHF 304.0m | CHF 284.8m | CHF 261.7m | CHF 233.1m |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 54.1m | CHF 92.0m | CHF 113.2m | CHF 71.8m | CHF 47.7m | CHF 123.2m | CHF 99.6m | CHF 67.4m | CHF 46.2m | CHF 36.8m |
| Capital spending | −CHF 14.3m | −CHF 16.3m | −CHF 23.8m | −CHF 26.4m | −CHF 51.1m | −CHF 51.3m | −CHF 30.6m | −CHF 25.5m | −CHF 21.0m | −CHF 13.1m |
| Free cash flow | CHF 39.8m | CHF 75.7m | CHF 89.4m | CHF 45.4m | −CHF 3.4m | CHF 71.9m | CHF 69.1m | CHF 41.9m | CHF 25.3m | CHF 23.7m |
| Dividends paid | −CHF 26.7m | −CHF 26.5m | −CHF 26.3m | −CHF 25.4m | −CHF 22.3m | −CHF 18.8m | −CHF 18.5m | −CHF 14.0m | −CHF 13.6m | −CHF 10.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 269.9m | CHF 266.5m | CHF 247.7m | CHF 279.7m | CHF 247.4m | CHF 300.1m | CHF 256.2m | CHF 353.5m |
| Operating income | CHF 27.0m | CHF 41.7m | CHF 27.6m | CHF 47.9m | CHF 29.9m | CHF 55.1m | CHF 28.7m | CHF 64.4m |
| Net income | CHF 19.8m | CHF 34.7m | CHF 21.2m | CHF 38.6m | CHF 23.9m | CHF 44.3m | CHF 22.0m | CHF 49.7m |
| Diluted earnings per share | 23.19 | 40.01 | 24.47 | 46.53 | 28.84 | 53.78 | 26.74 | 60.60 |
| Cash from operations | — | CHF 33.0m | CHF 22.0m | CHF 77.0m | CHF 17.0m | CHF 39.0m | CHF 76.0m | CHF 70.0m |
| Capital spending | — | −CHF 6.0m | −CHF 4.0m | −CHF 7.0m | −CHF 5.0m | −CHF 7.0m | −CHF 16.0m | −CHF 13.0m |
| Free cash flow | — | CHF 27.0m | CHF 18.0m | CHF 70.0m | CHF 12.0m | CHF 32.0m | CHF 60.0m | CHF 57.0m |
| Total assets | — | CHF 600.8m | CHF 578.0m | CHF 591.3m | CHF 589.5m | CHF 547.9m | CHF 550.9m | CHF 549.6m |
| Cash and short-term investments | — | CHF 216.0m | CHF 194.6m | CHF 204.1m | CHF 137.2m | CHF 140.3m | CHF 116.9m | CHF 79.3m |
| Debt | — | CHF 10.2m | CHF 8.9m | CHF 9.5m | CHF 7.6m | CHF 7.2m | CHF 7.8m | CHF 8.5m |
| Shareholders' equity | — | CHF 492.5m | CHF 457.7m | CHF 472.2m | CHF 435.8m | CHF 410.8m | CHF 390.4m | CHF 394.2m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 13.5% | 15.4% | 15.1% | 15.8% | 15.6% | 17.5% | — | — |
| Net margin | 10.9% | 11.9% | 11.9% | 12.5% | 12.6% | 13.5% | — | — |
| Return on equity | 11.3% | 13.2% | 16.2% | 21.0% | 23.3% | 23.0% | — | — |
| Return on assets | 9.3% | 10.6% | 12.2% | 15.1% | 14.7% | 15.1% | — | — |
| Free cash flow yield | 5.5% | 9.1% | 11.6% | 8.4% | 8.4% | 14.6% | — | — |
| Revenue growth | -2.4% | -5.3% | -16.3% | 3.8% | 20.6% | -5.2% | — | — |
| Earnings growth | -10.6% | -5.8% | -19.9% | 2.7% | 12.3% | 28.0% | — | — |
| Current ratio | 4.67x | 4.32x | 3.21x | 2.60x | 1.86x | 2.08x | — | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | -0.07x | 0.05x | 0.00x | — | — |
| Equity ratio | 82.0% | 79.9% | 75.5% | 71.7% | 63.2% | 65.5% | — | — |
| Interest coverage | 181.79x | 264.45x | 305.06x | 240.77x | 358.09x | 330.67x | — | — |
| R&D as a share of sales | — | — | 1.5% | 1.7% | 1.9% | 1.9% | 1.9% | 2.0% |
| Buybacks as a share of market value | -4.6% | -0.6% | -0.5% | 0.2% | 1.4% | 0.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.2% | -0.6% | 3.6% |
| Operating income | -13.0% | -5.9% | 5.8% |
| Net income | -12.3% | -4.9% | 6.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.1% | 14.9% | 15.4% | 14.0% |
| Net margin | 11.4% | 11.8% | 12.2% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.1 | 26.4 | 33.2 | 23.3 | 41.9 | 31.3 | 32.6 | 23.6 | 31.4 | 26.1 |
| Price to sales | 3.7 | 3.1 | 4.0 | 2.9 | 5.3 | 4.2 | 3.3 | 2.2 | 2.7 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 28 years. Last went ex-dividend on 16 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 32.00 | 32.00 | 32.00 | 32.00 | 31.00 | 27.00 | 22.50 | 22.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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