M 
Mercedes-Benz Group MBG.DE · EUR
Consumer Discretionary · Automobiles · XETRA · 🇩🇪 Germany
DAXEuro Stoxx 50
41.86
+0.72%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€132.21bn
FY2016FY2025
Net income
€5.14bn
FY2016FY2025
Free cash flow
€8.26bn
FY2016FY2025
Shareholders' equity
€93.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €132.21bn | €145.59bn | €152.39bn | €150.02bn | €133.89bn | €154.31bn | €172.75bn | €167.36bn | €164.33bn | €153.26bn |
| Gross profit | €22.33bn | €28.58bn | €35.00bn | €34.02bn | €30.68bn | €25.59bn | €36.92bn | €33.07bn | €34.33bn | €31.96bn |
| Research and development | €6.05bn | €5.58bn | €6.23bn | €5.60bn | €5.47bn | €6.12bn | €6.59bn | €6.58bn | €5.94bn | €5.26bn |
| Operating income | €4.87bn | €12.30bn | €17.52bn | €17.85bn | €14.19bn | €6.09bn | €4.03bn | €9.40bn | €12.43bn | €12.07bn |
| Net income | €5.14bn | €10.21bn | €14.26bn | €14.50bn | €23.01bn | €3.63bn | €2.38bn | €7.25bn | €10.53bn | €8.53bn |
| Diluted earnings per share | 5.15 | 10.55 | 13.67 | 13.55 | 21.50 | 3.39 | 2.22 | 6.78 | 9.84 | 7.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €255.47bn | €265.01bn | €263.02bn | €260.01bn | €259.83bn | €285.74bn | €302.44bn | €281.62bn | €255.60bn | €242.99bn |
| Total liabilities | €161.23bn | €171.38bn | €170.21bn | €173.47bn | €186.66bn | €223.49bn | €239.60bn | €215.57bn | €190.29bn | €183.85bn |
| Debt | €51.43bn | €112.80bn | €109.43bn | €111.84bn | €125.84bn | €145.84bn | €161.78bn | €144.90bn | €127.12bn | €117.69bn |
| Shareholders' equity | €93.26bn | €92.63bn | €91.77bn | €85.42bn | €71.95bn | €60.69bn | €61.34bn | €64.67bn | €64.02bn | €57.95bn |
| Shares outstanding | 998m | 967m | 1,043m | 1,070m | 1,070m | 1,070m | 1,070m | 1,070m | 1,070m | 1,070m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €18.01bn | €17.73bn | €14.47bn | €16.89bn | €24.55bn | €22.33bn | €7.89bn | €343.0m | −€1.65bn | €3.71bn |
| Capital spending | −€9.74bn | −€8.66bn | −€8.21bn | −€3.48bn | −€4.58bn | −€5.74bn | −€7.20bn | −€7.53bn | −€6.74bn | −€8.83bn |
| Free cash flow | €8.26bn | €9.07bn | €6.26bn | €13.41bn | €19.97bn | €16.59bn | €689.0m | −€7.19bn | −€8.40bn | −€5.12bn |
| Dividends paid | −€4.14bn | −€5.49bn | −€5.56bn | −€5.35bn | −€1.44bn | −€963.0m | −€3.48bn | −€3.90bn | −€3.48bn | −€3.48bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €32.06bn | €31.60bn | €33.69bn | €32.15bn | €33.15bn | €33.22bn | €38.45bn | €34.53bn |
| Gross profit | €6.09bn | €5.46bn | €5.32bn | €5.01bn | €5.44bn | €6.56bn | €7.43bn | €6.36bn |
| Operating income | €1.99bn | €1.70bn | — | €401.0m | €988.0m | €1.92bn | €3.19bn | — |
| Net income | €1.06bn | €1.42bn | €1.38bn | €1.17bn | €915.0m | €1.68bn | €2.48bn | €1.73bn |
| Diluted earnings per share | 1.11 | 1.48 | 1.38 | 1.22 | 0.92 | 1.68 | 2.57 | 1.79 |
| Cash from operations | €2.43bn | €3.79bn | €2.78bn | — | €4.43bn | €5.97bn | €5.58bn | €4.90bn |
| Capital spending | −€2.25bn | −€1.78bn | −€3.85bn | — | −€1.98bn | −€1.48bn | −€2.94bn | −€2.27bn |
| Free cash flow | €184.0m | €2.00bn | −€1.07bn | — | €2.45bn | €4.49bn | €2.63bn | €2.62bn |
| Total assets | €259.72bn | €258.62bn | €255.47bn | €255.84bn | €256.63bn | €261.26bn | €265.01bn | €262.02bn |
| Cash and short-term investments | — | — | — | €26.11bn | — | — | — | — |
| Debt | €52.28bn | €52.06bn | €51.43bn | €63.99bn | €56.01bn | €56.66bn | €60.84bn | €59.91bn |
| Shareholders' equity | €91.78bn | €94.20bn | €93.26bn | €91.71bn | €90.83bn | €94.31bn | €92.63bn | €89.94bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.9% | 19.6% | 23.0% | 22.7% | 22.9% | 21.0% |
| Operating margin | 3.7% | 8.4% | 11.5% | 11.9% | 11.2% | 5.0% |
| Net margin | 3.9% | 7.0% | 9.4% | 9.7% | 17.2% | 3.0% |
| Return on equity | 5.5% | 11.0% | 15.5% | 17.0% | 32.0% | 6.0% |
| Return on assets | 2.0% | 3.9% | 5.4% | 5.6% | 8.9% | 1.3% |
| Free cash flow yield | 51.9% | 60.2% | 47.9% | 42.0% | 65.7% | 63.7% |
| Revenue growth | -9.2% | -4.5% | 1.6% | 12.0% | 9.9% | -29.5% |
| Earnings growth | -49.6% | -28.4% | -1.7% | -37.0% | 534.3% | 52.6% |
| Current ratio | 1.38x | 1.36x | 1.25x | 1.16x | 1.17x | 1.15x |
| Debt to equity | 0.95x | 1.08x | 1.08x | 0.96x | 1.40x | 2.03x |
| Equity ratio | 36.5% | 35.0% | 34.9% | 33.0% | 27.8% | 21.4% |
| Interest coverage | 39.27x | 82.56x | 25.36x | 745.17x | 34.91x | 22.46x |
| R&D as a share of sales | 4.6% | 3.8% | 4.1% | 3.7% | 4.1% | 4.0% |
| Buybacks as a share of market value | -3.2% | 7.2% | 2.5% | -0.0% | 0.0% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.1% | -3.0% | -1.2% |
| Operating income | -35.1% | -4.4% | -9.1% |
| Net income | -29.2% | 7.2% | -4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.3% | 20.7% | 20.3% | 20.5% |
| Operating margin | 6.2% | 9.1% | 8.4% | 7.4% |
| Net margin | 5.5% | 7.6% | 8.1% | 6.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.7 | 5.1 | 4.6 | 4.5 | 3.1 | 14.3 | 18.6 | 5.7 | 6.0 | 7.4 |
| Price to sales | 0.5 | 0.4 | 0.4 | 0.4 | 0.5 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 17 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.50 | 4.30 | 5.30 | 5.20 | 5.00 | 1.35 | 0.90 | 3.25 |
- 1-to-1 reverse split · 24 Sept 1998
- 1-to-1 reverse split · 31 Aug 1998
- 10-for-1 split · 1 Jul 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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