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Sandvik SAND.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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362.90

+1.54%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 120.68bn

FY2016FY2025

Net income

SEK 14.69bn

FY2016FY2025

Free cash flow

SEK 16.08bn

FY2016FY2025

Shareholders' equity

SEK 93.17bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 120.68bnSEK 122.88bnSEK 126.50bnSEK 112.33bnSEK 99.11bnSEK 86.40bnSEK 103.24bnSEK 100.07bnSEK 90.91bnSEK 81.55bn
Gross profitSEK 49.00bnSEK 49.14bnSEK 52.05bnSEK 45.37bnSEK 40.17bnSEK 32.24bnSEK 41.57bnSEK 41.01bnSEK 36.63bnSEK 31.67bn
Research and developmentSEK 4.54bnSEK 4.81bnSEK 4.49bnSEK 4.18bnSEK 3.68bnSEK 3.43bnSEK 3.67bnSEK 3.54bnSEK 3.16bnSEK 3.08bn
Operating incomeSEK 20.85bnSEK 18.42bnSEK 22.42bnSEK 18.59bnSEK 18.94bnSEK 11.95bnSEK 13.39bnSEK 18.69bnSEK 18.10bnSEK 11.19bn
Net incomeSEK 14.69bnSEK 12.24bnSEK 15.30bnSEK 11.21bnSEK 14.46bnSEK 8.73bnSEK 8.54bnSEK 12.71bnSEK 13.20bnSEK 5.51bn
Diluted earnings per share11.709.7512.188.9311.536.966.8110.1410.524.39

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 169.86bnSEK 184.38bnSEK 174.21bnSEK 176.68bnSEK 155.52bnSEK 119.13bnSEK 120.42bnSEK 118.35bnSEK 106.80bnSEK 103.50bn
Cash and short-term investmentsSEK 4.96bnSEK 4.53bnSEK 4.36bnSEK 10.49bnSEK 13.59bnSEK 23.75bnSEK 16.95bnSEK 18.09bnSEK 12.72bnSEK 8.82bn
Total liabilitiesSEK 76.62bnSEK 87.39bnSEK 86.51bnSEK 95.41bnSEK 78.19bnSEK 54.05bnSEK 58.56bnSEK 59.83bnSEK 58.03bnSEK 64.21bn
DebtSEK 37.12bnSEK 42.77bnSEK 45.16bnSEK 52.18bnSEK 34.35bnSEK 17.89bnSEK 20.64bnSEK 23.93bnSEK 23.82bnSEK 31.42bn
Shareholders' equitySEK 93.17bnSEK 96.92bnSEK 87.63bnSEK 81.23bnSEK 77.20bnSEK 65.08bnSEK 61.84bnSEK 58.48bnSEK 48.74bnSEK 39.20bn
Shares outstanding1,255m1,256m1,256m1,255m1,254m1,254m1,254m1,254m1,254m1,254m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 19.91bnSEK 20.61bnSEK 18.80bnSEK 10.46bnSEK 13.18bnSEK 15.35bnSEK 17.65bnSEK 14.91bnSEK 14.29bnSEK 12.03bn
Capital spending−SEK 3.83bn−SEK 4.84bn−SEK 5.35bn−SEK 4.53bn−SEK 3.58bn−SEK 3.20bn−SEK 4.14bn−SEK 3.92bn−SEK 3.59bn−SEK 3.70bn
Free cash flowSEK 16.08bnSEK 15.77bnSEK 13.44bnSEK 5.93bnSEK 9.60bnSEK 12.15bnSEK 13.52bnSEK 10.99bnSEK 10.70bnSEK 8.33bn
Dividends paid−SEK 7.20bn−SEK 6.88bn−SEK 6.26bn−SEK 5.96bn−SEK 8.14bn−SEK 8.14bn−SEK 5.34bn−SEK 4.39bn−SEK 3.46bn−SEK 3.14bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 36.75bnSEK 30.68bnSEK 32.46bnSEK 29.22bnSEK 29.70bnSEK 29.30bnSEK 32.15bnSEK 30.31bn
Gross profitSEK 17.31bnSEK 12.34bnSEK 12.91bnSEK 11.79bnSEK 11.87bnSEK 12.44bnSEK 12.96bnSEK 12.20bn
Operating incomeSEK 7.24bnSEK 5.33bnSEK 5.86bnSEK 5.23bnSEK 4.55bnSEK 5.21bnSEK 5.75bnSEK 4.93bn
Net incomeSEK 5.24bnSEK 3.88bnSEK 4.20bnSEK 3.54bnSEK 3.22bnSEK 3.74bnSEK 4.30bnSEK 3.24bn
Diluted earnings per share4.173.093.352.822.562.983.422.58
Cash from operationsSEK 2.88bnSEK 4.61bnSEK 7.54bnSEK 6.20bnSEK 4.30bnSEK 1.55bnSEK 7.97bnSEK 6.69bn
Capital spending−SEK 1.02bn−SEK 757.0m−SEK 1.03bn−SEK 911.0m−SEK 950.0m−SEK 1.02bn−SEK 1.37bn−SEK 1.18bn
Free cash flowSEK 1.86bnSEK 3.85bnSEK 6.51bnSEK 5.29bnSEK 3.35bnSEK 534.0mSEK 6.60bnSEK 5.51bn
Total assetsSEK 186.88bnSEK 182.23bnSEK 169.86bnSEK 171.91bnSEK 173.49bnSEK 175.47bnSEK 184.38bnSEK 180.32bn
Cash and short-term investments—SEK 8.23bnSEK 4.96bnSEK 3.44bnSEK 3.45bnSEK 4.96bnSEK 4.53bnSEK 4.04bn
Debt—SEK 5.17bnSEK 40.69bnSEK 46.03bnSEK 50.49bnSEK 46.17bnSEK 42.76bnSEK 11.50bn
Shareholders' equitySEK 100.42bnSEK 100.28bnSEK 93.17bnSEK 90.78bnSEK 87.65bnSEK 92.87bnSEK 96.92bnSEK 89.62bn

Financial ratios

Data as of 1 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin40.6%40.0%41.1%40.4%40.5%37.3%
Operating margin17.3%15.0%17.7%16.6%19.1%13.8%
Net margin12.2%10.0%12.1%10.0%14.6%10.1%
Return on equity15.8%12.6%17.5%13.8%18.7%13.4%
Return on assets8.6%6.6%8.8%6.3%9.3%7.3%
Free cash flow yield4.9%5.3%5.0%3.1%3.5%3.8%
Revenue growth-1.8%-2.9%12.6%13.3%14.7%-16.3%
Earnings growth20.0%-20.0%36.5%-22.5%65.6%2.3%
Current ratio1.94x1.79x1.64x1.73x1.66x2.29x
Debt to equity0.35x0.39x0.46x0.68x0.53x0.24x
Equity ratio54.8%52.6%50.3%46.0%49.6%54.6%
Interest coverage10.47x6.61x8.55x10.90x20.39x10.89x
R&D as a share of sales3.8%3.9%3.5%3.7%3.7%4.0%
Buybacks as a share of market value0.1%0.0%-0.1%-0.1%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.4%6.9%3.5%
Operating income3.9%11.8%11.1%
Net income9.4%11.0%20.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin40.3%40.5%40.1%39.8%
Operating margin16.1%16.6%16.6%15.9%
Net margin11.1%11.1%11.5%10.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings25.720.317.921.120.927.525.511.913.024.4
Price to sales3.12.02.22.13.02.82.11.51.91.6

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 29 Apr 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2019FY2018
Paid in the year6.005.755.505.004.754.504.253.50
  • 1.024-for-1 split · 18 May 2007
  • 5-for-1 split · 8 Jun 2006
  • 1.019-for-1 split · 4 May 2005
  • 5-for-1 split · 14 Jun 1993

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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