305.80
-0.20%
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 10.95bn
FY2016FY2025
Net income
CHF 1.01bn
FY2016FY2025
Free cash flow
CHF 1.38bn
FY2016FY2025
Shareholders' equity
CHF 5.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 10.95bn | CHF 11.24bn | CHF 11.49bn | CHF 11.35bn | CHF 11.24bn | CHF 10.64bn | CHF 11.27bn | CHF 10.88bn | CHF 10.06bn | CHF 9.65bn |
| Research and development | — | CHF 185.0m | CHF 194.0m | CHF 208.0m | CHF 223.0m | CHF 204.0m | CHF 196.0m | CHF 178.0m | CHF 151.0m | CHF 141.0m |
| Operating income | CHF 1.38bn | CHF 1.27bn | CHF 1.19bn | CHF 882.0m | CHF 1.13bn | CHF 1.04bn | CHF 1.24bn | CHF 1.34bn | CHF 1.19bn | CHF 1.24bn |
| Net income | CHF 1.01bn | CHF 950.0m | CHF 866.0m | CHF 610.0m | CHF 828.0m | CHF 722.0m | CHF 863.0m | CHF 943.0m | CHF 824.0m | CHF 764.0m |
| Diluted earnings per share | 9.47 | 8.52 | 8.03 | 5.67 | 7.69 | 6.71 | 8.03 | 8.77 | 7.68 | 7.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 11.72bn | CHF 12.00bn | CHF 11.31bn | CHF 11.81bn | CHF 11.97bn | CHF 10.88bn | CHF 10.60bn | CHF 9.98bn | CHF 8.63bn | CHF 8.30bn |
| Cash and short-term investments | CHF 4.27bn | CHF 4.07bn | CHF 3.57bn | CHF 3.44bn | CHF 3.82bn | CHF 3.39bn | CHF 2.84bn | CHF 2.47bn | CHF 1.90bn | CHF 2.33bn |
| Total liabilities | CHF 6.58bn | CHF 6.95bn | CHF 6.60bn | CHF 7.36bn | CHF 7.54bn | CHF 6.87bn | CHF 6.71bn | CHF 6.23bn | CHF 5.36bn | CHF 5.46bn |
| Debt | CHF 671.0m | CHF 784.0m | CHF 694.0m | CHF 1.04bn | CHF 1.08bn | CHF 931.0m | CHF 1.04bn | CHF 620.0m | CHF 87.0m | CHF 190.0m |
| Shareholders' equity | CHF 5.06bn | CHF 4.95bn | CHF 4.60bn | CHF 4.33bn | CHF 4.30bn | CHF 3.89bn | CHF 3.78bn | CHF 3.64bn | CHF 3.16bn | CHF 2.75bn |
| Shares outstanding | 107m | 111m | 108m | 108m | 108m | 108m | 107m | 107m | 107m | 107m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 1.49bn | CHF 1.59bn | CHF 1.27bn | CHF 688.0m | CHF 1.31bn | CHF 1.58bn | CHF 1.19bn | CHF 1.00bn | CHF 810.0m | CHF 929.0m |
| Capital spending | −CHF 107.0m | −CHF 109.0m | −CHF 102.0m | −CHF 130.0m | −CHF 132.0m | −CHF 141.0m | −CHF 273.0m | −CHF 281.0m | −CHF 262.0m | −CHF 222.0m |
| Free cash flow | CHF 1.38bn | CHF 1.49bn | CHF 1.17bn | CHF 558.0m | CHF 1.18bn | CHF 1.44bn | CHF 912.0m | CHF 724.0m | CHF 548.0m | CHF 707.0m |
| Dividends paid | −CHF 643.0m | −CHF 538.0m | −CHF 430.0m | −CHF 431.0m | −CHF 430.0m | −CHF 430.0m | −CHF 429.0m | −CHF 428.0m | −CHF 535.0m | −CHF 289.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 2.74bn | CHF 2.59bn | CHF 5.46bn | CHF 2.75bn | CHF 2.73bn | CHF 2.85bn | CHF 2.79bn | CHF 5.59bn |
| Operating income | CHF 369.0m | CHF 337.0m | CHF 1.04bn | CHF 346.0m | CHF 329.0m | CHF 321.0m | CHF 327.0m | CHF 618.0m |
| Net income | CHF 252.0m | CHF 262.0m | CHF 770.0m | CHF 245.0m | CHF 257.0m | CHF 262.0m | CHF 254.0m | CHF 465.0m |
| Diluted earnings per share | 2.18 | 2.26 | 7.19 | 2.29 | 2.40 | 2.35 | 2.28 | 4.17 |
| Cash from operations | CHF 85.0m | CHF 532.0m | CHF 787.0m | CHF 703.0m | CHF 540.0m | CHF 919.0m | CHF 317.0m | CHF 676.0m |
| Capital spending | — | — | −CHF 63.0m | −CHF 42.0m | — | −CHF 59.0m | −CHF 18.0m | −CHF 49.0m |
| Free cash flow | — | — | CHF 724.0m | CHF 661.0m | — | CHF 860.0m | CHF 299.0m | CHF 627.0m |
| Total assets | CHF 11.51bn | CHF 11.89bn | CHF 11.72bn | CHF 11.34bn | CHF 12.07bn | CHF 12.00bn | CHF 11.49bn | CHF 11.68bn |
| Cash and short-term investments | CHF 3.70bn | — | CHF 4.27bn | CHF 3.59bn | — | CHF 4.07bn | — | CHF 3.58bn |
| Debt | CHF 344.0m | — | CHF 678.0m | CHF 680.0m | — | CHF 794.0m | — | CHF 405.0m |
| Shareholders' equity | CHF 4.62bn | CHF 4.48bn | CHF 5.06bn | CHF 4.61bn | CHF 4.50bn | CHF 4.95bn | CHF 4.78bn | CHF 4.60bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 12.6% | 11.3% | 10.3% | 7.8% | 10.1% | 9.8% | — |
| Net margin | 9.3% | 8.5% | 7.5% | 5.4% | 7.4% | 6.8% | — |
| Return on equity | 20.1% | 19.2% | 18.8% | 14.1% | 19.2% | 18.6% | — |
| Return on assets | 8.7% | 7.9% | 7.7% | 5.2% | 6.9% | 6.6% | — |
| Free cash flow yield | 5.7% | 5.9% | 4.9% | 2.9% | 5.1% | 6.1% | — |
| Revenue growth | -2.6% | -2.2% | 1.3% | 1.0% | 5.6% | -5.6% | — |
| Earnings growth | 6.8% | 9.7% | 42.0% | -26.3% | 14.7% | -16.3% | — |
| Current ratio | 1.50x | 1.42x | 1.40x | 1.30x | 1.39x | 1.37x | — |
| Debt to equity | 0.06x | 0.09x | 0.08x | 0.17x | 0.18x | 0.16x | — |
| Equity ratio | 43.1% | 41.3% | 40.7% | 36.7% | 35.9% | 35.8% | — |
| Interest coverage | 32.19x | 19.48x | 21.60x | 14.00x | 17.69x | 20.41x | — |
| R&D as a share of sales | — | 1.6% | 1.7% | 1.8% | 2.0% | 1.9% | 1.7% |
| Buybacks as a share of market value | 3.9% | -3.4% | -0.2% | 0.1% | -0.1% | -0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 0.6% | 1.8% |
| Operating income | 16.2% | 5.9% | 1.8% |
| Net income | 18.5% | 7.0% | 4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.9% | 10.5% | 10.3% | 11.1% |
| Net margin | 8.9% | 7.6% | 7.5% | 7.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 31.6 | 29.4 | 26.2 | 30.7 | 31.9 | 35.5 | 30.6 | 22.2 | 29.2 | 25.2 |
| Price to sales | 2.9 | 2.5 | 2.0 | 1.6 | 2.4 | 2.4 | 2.4 | 1.9 | 2.4 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 26 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.80 | 6.00 | 1.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
- 10-for-1 split · 27 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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