K 
57.92
-0.55%
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
€11.25bn
FY2016FY2025
Net income
€980.1m
FY2016FY2025
Free cash flow
€1.16bn
FY2016FY2025
Shareholders' equity
€2.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €11.25bn | €11.10bn | €10.95bn | €10.91bn | €10.51bn | €9.94bn | €9.98bn | €9.07bn | €8.94bn | €8.78bn |
| Research and development | — | €203.6m | €185.0m | €187.8m | €188.8m | €179.6m | €170.9m | €164.0m | €158.4m | €140.5m |
| Operating income | €1.33bn | €1.25bn | €1.20bn | €1.03bn | €1.30bn | €1.21bn | €1.19bn | €1.04bn | €1.22bn | €1.29bn |
| Net income | €980.1m | €951.3m | €925.8m | €774.5m | €1.01bn | €939.2m | €931.3m | €840.8m | €968.0m | €1.02bn |
| Diluted earnings per share | 1.89 | 1.84 | 1.79 | 1.50 | 1.95 | 1.82 | 1.80 | 1.63 | 1.90 | 2.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €9.05bn | €9.28bn | €8.73bn | €9.09bn | €9.72bn | €8.79bn | €8.61bn | €7.73bn | €7.74bn | €7.95bn |
| Cash and short-term investments | €1.70bn | €1.80bn | €1.69bn | €1.97bn | €2.88bn | €2.63bn | €2.25bn | €2.04bn | €2.06bn | €2.08bn |
| Total liabilities | €6.23bn | €6.39bn | €5.94bn | €6.22bn | €6.52bn | €5.59bn | €5.42bn | €4.65bn | €4.83bn | €5.16bn |
| Debt | €857.9m | €836.4m | €552.6m | €532.6m | €548.4m | €504.3m | €544.3m | €211.7m | €224.8m | €218.3m |
| Shareholders' equity | €2.80bn | €2.87bn | €2.75bn | €2.84bn | €3.17bn | €3.17bn | €3.17bn | €3.06bn | €2.89bn | €2.78bn |
| Shares outstanding | 518m | 517m | 517m | 517m | 520m | 515m | 519m | 515m | 510m | 508m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.32bn | €1.25bn | €1.13bn | €531.5m | €1.58bn | €1.55bn | €1.27bn | €969.8m | €963.7m | €1.18bn |
| Capital spending | −€153.9m | −€168.4m | −€148.2m | −€101.2m | −€96.5m | −€88.0m | −€98.0m | −€113.6m | −€109.5m | −€115.8m |
| Free cash flow | €1.16bn | €1.08bn | €979.7m | €430.3m | €1.49bn | €1.46bn | €1.17bn | €856.2m | €854.2m | €1.06bn |
| Dividends paid | −€931.9m | −€905.5m | −€904.9m | −€1.09bn | −€1.17bn | −€880.5m | −€851.7m | −€849.2m | −€795.4m | −€718.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €2.94bn | €2.71bn | €2.96bn | €2.76bn | €2.85bn | €2.67bn | €2.98bn | €2.75bn |
| Operating income | €322.1m | €283.0m | €401.9m | €340.7m | €338.0m | €276.7m | €332.5m | €319.4m |
| Net income | €238.0m | €212.2m | €269.1m | €224.4m | €273.7m | €212.6m | €242.9m | €246.8m |
| Diluted earnings per share | 0.46 | 0.41 | 0.52 | 0.43 | 0.53 | 0.41 | 0.47 | 0.48 |
| Cash from operations | €310.0m | €384.0m | €365.0m | €339.0m | €204.0m | €407.0m | €471.0m | €246.0m |
| Capital spending | — | −€22.0m | −€365.0m | −€339.0m | −€26.0m | — | −€77.0m | −€246.0m |
| Free cash flow | — | €362.0m | €0 | €0 | €178.0m | — | €394.0m | €0 |
| Total assets | €9.03bn | €8.83bn | €9.05bn | €8.82bn | €8.56bn | €8.72bn | €9.28bn | €8.61bn |
| Cash and short-term investments | €440.1m | €1.23bn | €1.70bn | €1.47bn | €1.27bn | €433.5m | €1.80bn | €1.26bn |
| Debt | — | €356.7m | €857.9m | €854.2m | €837.9m | €857.8m | €836.4m | €601.9m |
| Shareholders' equity | €2.30bn | €2.10bn | €2.80bn | €2.50bn | €2.25bn | €2.10bn | €2.87bn | €2.56bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 11.8% | 11.3% | 11.0% | 9.5% | 12.3% | 12.2% | — |
| Net margin | 8.7% | 8.6% | 8.5% | 7.1% | 9.6% | 9.5% | — |
| Return on equity | 35.0% | 33.2% | 33.6% | 27.3% | 32.0% | 29.6% | — |
| Return on assets | 10.8% | 10.2% | 10.6% | 8.5% | 10.4% | 10.7% | — |
| Free cash flow yield | 5.6% | 5.4% | 4.8% | 2.4% | 6.3% | 6.2% | — |
| Revenue growth | 1.3% | 1.3% | 0.4% | 3.7% | 5.8% | -0.4% | — |
| Earnings growth | 3.0% | 2.8% | 19.5% | -23.6% | 8.0% | 0.8% | — |
| Current ratio | 1.08x | 1.13x | 1.13x | 1.17x | 1.22x | 1.25x | — |
| Debt to equity | 0.19x | 0.19x | 0.11x | 0.11x | 0.10x | 0.08x | — |
| Equity ratio | 30.9% | 30.9% | 31.5% | 31.2% | 32.7% | 36.1% | — |
| Interest coverage | 26.71x | 32.61x | 107.15x | 44.26x | 59.97x | 54.15x | — |
| R&D as a share of sales | — | 1.8% | 1.7% | 1.7% | 1.8% | 1.8% | 1.7% |
| Buybacks as a share of market value | -0.1% | 0.1% | -0.0% | 0.6% | -1.1% | 0.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.0% | 2.5% | 2.7% |
| Operating income | 8.8% | 1.8% | 0.7% |
| Net income | 8.2% | 0.9% | -0.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.5% | 10.9% | 11.3% | 12.1% |
| Net margin | 8.6% | 8.2% | 8.6% | 9.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.0 | 25.5 | 25.2 | 32.3 | 32.3 | 36.4 | 32.5 | 25.5 | 23.6 | 21.1 |
| Price to sales | 2.8 | 2.2 | 2.1 | 2.3 | 3.1 | 3.4 | 3.0 | 2.4 | 2.5 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 6 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.80 | 1.80 | 1.75 | 1.75 | 1.75 | 1.75 | 1.70 | 1.65 |
- 2-for-1 split · 3 Dec 2013
- 2-for-1 split · 26 Feb 2008
- 2-for-1 split · 29 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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