P 
673.80
+0.45%
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, before interest expense
CHF 2.80bn
FY2016FY2025
Net income
CHF 1.26bn
FY2016FY2025
Total assets
CHF 6.39bn
FY2016FY2025
Shareholders' equity
CHF 2.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | CHF 2.80bn | CHF 2.12bn | CHF 1.94bn | CHF 1.87bn | CHF 2.62bn | CHF 1.41bn | CHF 1.61bn | CHF 1.32bn | CHF 1.24bn | CHF 972.8m |
| Research and development | — | — | CHF 1 | CHF 1 | CHF 1 | CHF 1 | CHF 1 | — | — | — |
| Operating income | CHF 1.62bn | CHF 1.46bn | CHF 1.34bn | CHF 1.27bn | CHF 1.76bn | CHF 976.8m | CHF 1.12bn | CHF 945.0m | CHF 870.8m | CHF 644.9m |
| Net income | CHF 1.26bn | CHF 1.13bn | CHF 1.00bn | CHF 1.00bn | CHF 1.46bn | CHF 804.8m | CHF 899.9m | CHF 769.3m | CHF 752.3m | CHF 558.1m |
| Diluted earnings per share | 48.61 | 43.16 | 38.48 | 38.78 | 55.60 | 30.79 | 33.73 | 28.70 | 28.09 | 20.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 6.39bn | CHF 5.68bn | CHF 4.80bn | CHF 4.58bn | CHF 4.83bn | CHF 4.03bn | CHF 3.95bn | CHF 2.95bn | CHF 2.93bn | CHF 1.93bn |
| Cash and short-term investments | CHF 328.8m | CHF 288.9m | CHF 281.0m | CHF 779.5m | CHF 910.7m | CHF 1.23bn | CHF 933.0m | CHF 412.2m | CHF 852.3m | CHF 218.7m |
| Total liabilities | CHF 4.20bn | CHF 3.27bn | CHF 2.38bn | CHF 2.16bn | CHF 1.93bn | CHF 1.76bn | CHF 1.66bn | CHF 981.2m | CHF 976.9m | CHF 387.7m |
| Debt | CHF 2.49bn | CHF 2.14bn | CHF 1.48bn | CHF 1.15bn | CHF 859.9m | CHF 865.8m | CHF 866.2m | CHF 299.2m | CHF 299.2m | — |
| Shareholders' equity | CHF 2.19bn | CHF 2.41bn | CHF 2.43bn | CHF 2.42bn | CHF 2.90bn | CHF 2.27bn | CHF 2.29bn | CHF 1.97bn | CHF 1.96bn | CHF 1.54bn |
| Shares outstanding | 26m | 26m | 26m | 26m | 26m | 26m | 27m | 27m | 27m | 27m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | CHF 1.27bn | CHF 1.52bn | CHF 1.17bn | CHF 1.15bn | CHF 976.5m | CHF 890.2m | CHF 1.05bn | CHF 984.7m |
| Operating income | CHF 669.8m | CHF 881.7m | CHF 792.9m | CHF 786.1m | CHF 676.7m | CHF 624.8m | CHF 712.5m | CHF 635.5m |
| Net income | CHF 502.1m | CHF 682.5m | CHF 578.2m | CHF 619.7m | CHF 508.0m | CHF 452.2m | CHF 551.2m | CHF 540.7m |
| Diluted earnings per share | 19.48 | 26.32 | 22.30 | 23.72 | 19.44 | 17.34 | 21.14 | 20.87 |
| Total assets | CHF 6.19bn | CHF 6.39bn | CHF 6.19bn | CHF 5.68bn | CHF 4.82bn | CHF 4.80bn | CHF 4.13bn | CHF 4.58bn |
| Cash and short-term investments | CHF 173.1m | CHF 328.8m | CHF 273.6m | CHF 288.9m | CHF 198.7m | CHF 281.0m | CHF 362.9m | CHF 779.5m |
| Debt | CHF 1.91bn | CHF 2.49bn | CHF 3.04bn | CHF 2.14bn | CHF 1.87bn | CHF 1.48bn | CHF 1.28bn | CHF 1.15bn |
| Shareholders' equity | CHF 1.46bn | CHF 2.19bn | CHF 1.68bn | CHF 2.41bn | CHF 2.08bn | CHF 2.43bn | CHF 2.01bn | CHF 2.42bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 57.7% | 68.9% | 68.9% | 68.0% | 67.1% | 69.4% | — |
| Net margin | 45.0% | 53.1% | 51.7% | 53.9% | 55.9% | 57.2% | — |
| Return on equity | 57.6% | 46.7% | 41.3% | 41.6% | 50.5% | 35.4% | — |
| Return on assets | 19.7% | 19.8% | 20.9% | 22.0% | 30.3% | 20.0% | — |
| Revenue growth | 32.2% | 9.3% | 4.1% | -28.7% | 86.0% | -12.4% | — |
| Earnings growth | 11.8% | 12.4% | -0.1% | -31.3% | 81.9% | -10.6% | — |
| Current ratio | 2.21x | 2.50x | 2.81x | 3.22x | 4.30x | 4.19x | — |
| Debt to equity | 1.10x | 0.85x | 0.57x | 0.45x | 0.28x | 0.36x | — |
| Equity ratio | 34.2% | 42.5% | 50.5% | 52.8% | 60.0% | 56.4% | — |
| Interest coverage | 30.34x | 52.24x | 103.67x | 110.31x | 132.03x | 79.41x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.7% | -0.2% | -0.6% | 1.6% | -0.7% | 2.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.6% | 14.8% | 16.3% |
| Operating income | 8.4% | 10.6% | 16.0% |
| Net income | 7.9% | 9.4% | 12.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 62.5% | 65.1% | 66.0% | 66.8% |
| Net margin | 48.5% | 50.3% | 52.2% | 54.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.2 | 28.5 | 31.5 | 21.1 | 27.2 | 33.8 | 26.3 | 20.8 | 23.8 | 22.9 |
| Price to sales | 9.1 | 15.2 | 16.3 | 11.3 | 15.2 | 19.3 | 14.7 | 12.1 | 14.4 | 13.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 22 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 46.00 | 42.00 | 39.00 | 37.00 | 33.00 | 27.50 | 25.50 | 22.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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