R 
Rheinmetall RHM.DE · EUR
Industrials · Industrial Conglomerates · XETRA · 🇩🇪 Germany
DAXEuro Stoxx 50
845.40
+4.02%
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
€9.94bn
FY2016FY2025
Net income
€696.0m
FY2016FY2025
Free cash flow
€1.41bn
FY2016FY2025
Shareholders' equity
€5.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €9.94bn | €9.75bn | €7.18bn | €6.41bn | €5.66bn | €5.88bn | €6.25bn | €6.15bn | €5.90bn | €5.60bn |
| Research and development | — | €502.0m | €374.0m | €433.0m | €337.0m | €343.0m | €355.0m | €320.0m | €280.0m | €185.0m |
| Operating income | €1.70bn | €1.41bn | €897.0m | €738.0m | €614.0m | €394.0m | €521.0m | €502.0m | €385.0m | €353.0m |
| Net income | €696.0m | €717.0m | €586.0m | €540.0m | €291.0m | €1.0m | €335.0m | €305.0m | €224.0m | €200.0m |
| Diluted earnings per share | 14.92 | 14.81 | 12.65 | 12.44 | 6.74 | 0.02 | 7.73 | 7.08 | 5.28 | 4.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €17.08bn | €14.34bn | €11.94bn | €8.09bn | €7.73bn | €7.27bn | €7.42bn | €6.76bn | €6.19bn | €6.12bn |
| Cash and short-term investments | €1.69bn | €1.25bn | €915.0m | €696.0m | €1.22bn | €1.04bn | €959.0m | €841.0m | €891.0m | €822.0m |
| Total liabilities | €11.46bn | €9.88bn | €8.30bn | €5.01bn | €5.11bn | €5.21bn | €5.14bn | €4.59bn | €4.23bn | €4.34bn |
| Debt | €1.28bn | €2.42bn | €1.91bn | €971.0m | €921.0m | €1.02bn | €992.0m | €855.0m | €646.0m | €787.0m |
| Shareholders' equity | €5.01bn | €4.05bn | €3.32bn | €2.81bn | €2.42bn | €1.89bn | €2.13bn | €2.02bn | €1.84bn | €1.69bn |
| Shares outstanding | 47m | 48m | 46m | 43m | 43m | 43m | 43m | 43m | 42m | 42m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €2.29bn | €1.72bn | €743.0m | €174.0m | €690.0m | €453.0m | €602.0m | €242.0m | €546.0m | €444.0m |
| Capital spending | −€873.0m | −€732.0m | −€398.0m | −€349.0m | −€271.0m | −€237.0m | −€288.0m | −€277.0m | −€270.0m | −€283.0m |
| Free cash flow | €1.41bn | €988.0m | €345.0m | −€175.0m | €419.0m | €216.0m | €314.0m | −€35.0m | €276.0m | €161.0m |
| Dividends paid | −€369.0m | −€248.0m | −€187.0m | −€143.0m | −€87.0m | −€104.0m | −€90.0m | −€73.0m | −€62.0m | −€47.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.29bn | €1.94bn | €2.42bn | €2.78bn | €2.43bn | €2.31bn | €3.48bn | €2.45bn |
| Operating income | €475.0m | €176.0m | €955.0m | €339.0m | €229.0m | €179.0m | €744.0m | €290.0m |
| Net income | €124.0m | €111.0m | €328.0m | €153.0m | €131.0m | €84.0m | €472.0m | €135.0m |
| Diluted earnings per share | 2.66 | 2.38 | 7.03 | 3.28 | 2.81 | 1.80 | 9.75 | 2.79 |
| Cash from operations | −€1.11bn | −€155.0m | €2.50bn | €77.0m | −€712.0m | €420.0m | €1.23bn | €302.0m |
| Capital spending | −€252.0m | −€150.0m | −€275.0m | −€246.0m | −€199.0m | −€153.0m | −€316.0m | −€184.0m |
| Free cash flow | −€1.36bn | −€305.0m | €2.23bn | −€169.0m | −€911.0m | €267.0m | €911.0m | €118.0m |
| Total assets | €20.64bn | €19.61bn | €17.08bn | €15.66bn | €14.59bn | €14.66bn | €14.34bn | €12.48bn |
| Cash and short-term investments | €255.0m | €1.33bn | €1.69bn | €557.0m | €352.0m | €1.08bn | €1.25bn | €474.0m |
| Debt | €1.74bn | €1.10bn | €1.28bn | €2.43bn | €2.01bn | €1.70bn | €2.42bn | €1.81bn |
| Shareholders' equity | €4.97bn | €5.33bn | €5.01bn | €4.67bn | €4.46bn | €4.47bn | €4.05bn | €3.35bn |
Financial ratios
Data as of 13 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 17.1% | 14.4% | 12.5% | 11.5% | 10.9% | 6.7% | — |
| Net margin | 7.0% | 7.4% | 8.2% | 8.4% | 5.1% | 0.0% | — |
| Return on equity | 13.9% | 17.7% | 17.7% | 19.2% | 12.0% | 0.1% | — |
| Return on assets | 4.1% | 5.0% | 4.9% | 6.7% | 3.8% | 0.0% | — |
| Free cash flow yield | 6.8% | 5.1% | 2.5% | 1.2% | 2.2% | 1.6% | — |
| Revenue growth | 1.9% | 35.9% | 12.0% | 13.3% | -3.7% | -6.1% | — |
| Earnings growth | -2.9% | 22.4% | 8.5% | 85.6% | 29000.0% | -99.7% | — |
| Current ratio | 1.20x | 1.21x | 1.30x | 1.42x | 1.49x | 1.50x | — |
| Debt to equity | 0.21x | 0.53x | 0.51x | 0.28x | 0.31x | 0.43x | — |
| Equity ratio | 29.3% | 28.2% | 27.8% | 34.8% | 31.3% | 26.0% | — |
| Interest coverage | 14.67x | 10.42x | 8.08x | 23.06x | 20.47x | 9.85x | — |
| R&D as a share of sales | — | 5.1% | 5.2% | 6.8% | 6.0% | 5.8% | 5.7% |
| Buybacks as a share of market value | 3.7% | -4.5% | -6.8% | -0.5% | 0.3% | -0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.7% | 11.1% | 6.7% |
| Operating income | 32.1% | 34.0% | 20.0% |
| Net income | 8.8% | 270.3% | 16.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.8% | 14.3% | 12.8% | 10.5% |
| Net margin | 7.2% | 7.6% | 6.3% | 5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 104.4 | 41.5 | 22.7 | 14.9 | 12.3 | — | 13.2 | 10.9 | 20.1 | 13.4 |
| Price to sales | 7.3 | 3.0 | 1.9 | 1.3 | 0.6 | 0.6 | 0.7 | 0.5 | 0.8 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 30 years. Last went ex-dividend on 13 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 11.50 | 8.10 | 5.70 | 4.30 | 3.30 | 2.00 | 2.40 | 2.10 |
- 1-to-1 reverse split · 26 Jun 2000
- 10-for-1 split · 29 Sept 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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