K 
229.40
-2.59%
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 24.48bn
FY2016FY2025
Net income
CHF 882.0m
FY2016FY2025
Free cash flow
CHF 1.55bn
FY2016FY2025
Shareholders' equity
CHF 2.18bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 24.48bn | CHF 24.80bn | CHF 23.85bn | CHF 39.40bn | CHF 32.80bn | CHF 20.38bn | CHF 21.09bn | CHF 20.77bn | CHF 18.59bn | CHF 16.52bn |
| Operating income | CHF 1.22bn | CHF 1.65bn | CHF 1.85bn | CHF 3.82bn | CHF 2.96bn | CHF 1.06bn | CHF 977.0m | CHF 942.0m | CHF 928.0m | CHF 874.0m |
| Net income | CHF 882.0m | CHF 1.18bn | CHF 1.43bn | CHF 2.64bn | CHF 2.03bn | CHF 788.0m | CHF 798.0m | CHF 770.0m | CHF 737.0m | CHF 718.0m |
| Diluted earnings per share | 7.39 | 9.95 | 11.95 | 21.93 | 16.93 | 6.58 | 6.67 | 6.44 | 6.20 | 6.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 11.93bn | CHF 11.72bn | CHF 10.97bn | CHF 14.75bn | CHF 14.65bn | CHF 9.85bn | CHF 9.82bn | CHF 7.88bn | CHF 7.46bn | CHF 6.33bn |
| Cash and short-term investments | CHF 750.0m | CHF 1.15bn | CHF 2.01bn | CHF 3.78bn | CHF 2.31bn | CHF 1.70bn | CHF 910.0m | CHF 499.0m | CHF 720.0m | CHF 841.0m |
| Total liabilities | CHF 9.71bn | CHF 8.46bn | CHF 7.81bn | CHF 10.60bn | CHF 11.44bn | CHF 7.44bn | CHF 7.50bn | CHF 5.55bn | CHF 5.13bn | CHF 4.17bn |
| Debt | CHF 3.96bn | CHF 2.35bn | CHF 1.82bn | CHF 1.70bn | CHF 1.89bn | CHF 1.99bn | CHF 2.35bn | CHF 355.0m | CHF 18.0m | CHF 15.0m |
| Shareholders' equity | CHF 2.18bn | CHF 3.26bn | CHF 3.15bn | CHF 4.14bn | CHF 3.20bn | CHF 2.41bn | CHF 2.32bn | CHF 2.32bn | CHF 2.32bn | CHF 2.16bn |
| Shares outstanding | 119m | 119m | 120m | 121m | 120m | 120m | 120m | 120m | 119m | 120m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 1.79bn | CHF 1.48bn | CHF 1.70bn | CHF 4.40bn | CHF 2.46bn | CHF 1.72bn | CHF 1.72bn | CHF 679.0m | CHF 780.0m | CHF 848.0m |
| Capital spending | −CHF 232.0m | −CHF 304.0m | −CHF 306.0m | −CHF 247.0m | −CHF 204.0m | −CHF 186.0m | −CHF 330.0m | −CHF 324.0m | −CHF 238.0m | −CHF 252.0m |
| Free cash flow | CHF 1.55bn | CHF 1.18bn | CHF 1.39bn | CHF 4.16bn | CHF 2.26bn | CHF 1.53bn | CHF 1.39bn | CHF 355.0m | CHF 542.0m | CHF 596.0m |
| Dividends paid | −CHF 979.0m | −CHF 1.18bn | −CHF 1.66bn | −CHF 1.19bn | −CHF 538.0m | −CHF 478.0m | −CHF 718.0m | −CHF 688.0m | −CHF 658.0m | −CHF 599.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 6.62bn | CHF 5.60bn | CHF 5.95bn | CHF 6.04bn | CHF 6.15bn | CHF 6.33bn | CHF 6.76bn | CHF 6.49bn |
| Operating income | CHF 381.0m | CHF 343.0m | CHF 233.0m | CHF 277.0m | CHF 342.0m | CHF 402.0m | CHF 419.0m | CHF 455.0m |
| Net income | CHF 268.0m | CHF 245.0m | CHF 157.0m | CHF 194.0m | CHF 240.0m | CHF 291.0m | CHF 296.0m | CHF 324.0m |
| Diluted earnings per share | 2.25 | 2.06 | 1.32 | 1.63 | 2.01 | 2.44 | 2.49 | 2.73 |
| Cash from operations | CHF 295.0m | CHF 304.0m | CHF 604.0m | CHF 443.0m | CHF 343.0m | CHF 389.0m | CHF 513.0m | CHF 480.0m |
| Capital spending | −CHF 43.0m | −CHF 43.0m | −CHF 67.0m | −CHF 51.0m | −CHF 55.0m | −CHF 62.0m | −CHF 68.0m | −CHF 54.0m |
| Free cash flow | CHF 252.0m | CHF 261.0m | CHF 537.0m | CHF 392.0m | CHF 288.0m | CHF 327.0m | CHF 445.0m | CHF 426.0m |
| Total assets | CHF 12.35bn | CHF 11.86bn | CHF 11.93bn | CHF 11.84bn | CHF 11.75bn | CHF 12.58bn | CHF 11.72bn | CHF 11.29bn |
| Cash and short-term investments | CHF 617.0m | CHF 749.0m | CHF 750.0m | CHF 603.0m | CHF 581.0m | CHF 891.0m | CHF 1.15bn | CHF 926.0m |
| Debt | CHF 2.45bn | CHF 1.96bn | CHF 4.67bn | CHF 3.25bn | CHF 3.41bn | CHF 2.74bn | CHF 2.35bn | CHF 2.30bn |
| Shareholders' equity | CHF 2.05bn | CHF 2.47bn | CHF 2.18bn | CHF 2.08bn | CHF 1.92bn | CHF 2.89bn | CHF 3.26bn | CHF 2.93bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.0% | 6.7% | 7.8% | 9.7% | 9.0% | 5.2% |
| Net margin | 3.6% | 4.8% | 6.0% | 6.7% | 6.2% | 3.9% |
| Return on equity | 40.5% | 36.2% | 45.4% | 63.9% | 63.4% | 32.7% |
| Return on assets | 7.4% | 10.1% | 13.0% | 17.9% | 13.9% | 8.0% |
| Free cash flow yield | 7.5% | 6.6% | 7.4% | 17.0% | 9.8% | 7.0% |
| Revenue growth | -1.3% | 4.0% | -39.5% | 20.1% | 60.9% | -3.4% |
| Earnings growth | -25.3% | -17.5% | -45.9% | 30.1% | 157.9% | -1.3% |
| Current ratio | 0.97x | 0.97x | 1.21x | 1.28x | 1.16x | 1.14x |
| Debt to equity | 1.01x | 0.24x | 0.22x | 0.16x | 0.26x | 0.35x |
| Equity ratio | 18.3% | 27.8% | 28.7% | 28.1% | 21.9% | 24.4% |
| Interest coverage | 24.44x | 44.65x | 74.12x | 191.10x | 148.20x | 48.18x |
| Buybacks as a share of market value | -0.5% | 0.8% | 0.7% | -0.4% | -0.2% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.7% | 3.7% | 3.9% |
| Operating income | -31.6% | 2.9% | 3.8% |
| Net income | -30.6% | 2.3% | 2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.8% | 7.6% | 7.6% | 6.6% |
| Net margin | 4.2% | 5.5% | 5.4% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.2 | 20.9 | 24.3 | 9.8 | 17.4 | 30.5 | 24.5 | 19.6 | 27.8 | 22.4 |
| Price to sales | 0.8 | 1.0 | 1.5 | 0.7 | 1.1 | 1.2 | 0.9 | 0.7 | 1.1 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.00 | 8.25 | 1.75 | 14.00 | 10.00 | 4.50 | 4.00 | 6.00 |
- 5-for-1 split · 8 May 2006
- 10-for-1 split · 4 Jul 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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