S 
142.40
+1.42%
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 3.07bn
FY2016FY2025
Net income
CHF 219.0m
FY2016FY2025
Free cash flow
CHF 273.6m
FY2016FY2025
Shareholders' equity
CHF 1.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 3.07bn | CHF 3.05bn | CHF 3.11bn | CHF 2.74bn | CHF 1.90bn | CHF 1.71bn | CHF 1.80bn | CHF 1.75bn | CHF 1.65bn | CHF 1.45bn |
| Research and development | CHF 68.5m | CHF 76.0m | CHF 60.8m | CHF 53.1m | CHF 45.6m | CHF 44.5m | CHF 44.5m | CHF 37.9m | CHF 33.8m | CHF 30.6m |
| Operating income | CHF 318.1m | CHF 350.2m | CHF 358.6m | CHF 338.5m | CHF 284.9m | CHF 216.7m | CHF 234.6m | CHF 240.7m | CHF 203.6m | CHF 161.8m |
| Net income | CHF 219.0m | CHF 241.3m | CHF 266.0m | CHF 266.7m | CHF 243.8m | CHF 183.9m | CHF 205.3m | CHF 192.8m | CHF 159.1m | CHF 122.0m |
| Diluted earnings per share | 5.63 | 6.21 | 6.84 | 6.86 | 6.51 | 4.90 | 5.47 | 5.14 | 4.24 | 3.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 2.51bn | CHF 2.61bn | CHF 2.55bn | CHF 2.57bn | CHF 1.84bn | CHF 1.68bn | CHF 1.64bn | CHF 1.62bn | CHF 1.52bn | CHF 1.47bn |
| Cash and short-term investments | CHF 209.8m | CHF 224.6m | CHF 227.5m | CHF 221.5m | CHF 286.0m | CHF 187.7m | CHF 130.7m | CHF 129.7m | CHF 112.8m | CHF 163.8m |
| Total liabilities | CHF 893.9m | CHF 1.05bn | CHF 1.17bn | CHF 1.27bn | CHF 388.7m | CHF 405.9m | CHF 401.4m | CHF 414.7m | CHF 432.0m | CHF 481.9m |
| Debt | CHF 374.6m | CHF 559.6m | CHF 672.8m | CHF 699.2m | CHF 6.8m | CHF 43.5m | CHF 62.0m | CHF 70.6m | CHF 78.1m | CHF 163.3m |
| Shareholders' equity | CHF 1.60bn | CHF 1.54bn | CHF 1.36bn | CHF 1.28bn | CHF 1.43bn | CHF 1.26bn | CHF 1.22bn | CHF 1.18bn | CHF 1.08bn | CHF 977.5m |
| Shares outstanding | 39m | 39m | 39m | 39m | 37m | 38m | 38m | 38m | 38m | 38m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 377.3m | CHF 375.0m | CHF 313.4m | CHF 287.9m | CHF 324.5m | CHF 296.4m | CHF 277.6m | CHF 263.5m | CHF 226.6m | CHF 242.7m |
| Capital spending | −CHF 103.7m | −CHF 148.9m | −CHF 174.0m | −CHF 171.0m | −CHF 121.4m | −CHF 104.1m | −CHF 116.7m | −CHF 146.1m | −CHF 128.8m | −CHF 83.5m |
| Free cash flow | CHF 273.6m | CHF 226.1m | CHF 139.4m | CHF 116.9m | CHF 203.1m | CHF 192.3m | CHF 160.9m | CHF 117.4m | CHF 97.8m | CHF 159.2m |
| Dividends paid | −CHF 97.2m | −CHF 97.2m | −CHF 97.2m | −CHF 82.0m | −CHF 67.5m | −CHF 67.5m | −CHF 75.0m | −CHF 71.2m | −CHF 65.6m | −CHF 56.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 1.55bn | CHF 1.51bn | CHF 1.55bn | CHF 1.49bn | CHF 1.54bn | CHF 1.50bn | CHF 1.57bn | CHF 797.3m |
| Operating income | CHF 211.2m | CHF 162.1m | CHF 162.2m | CHF 169.4m | CHF 180.8m | CHF 168.7m | CHF 189.9m | CHF 90.4m |
| Net income | CHF 148.6m | CHF 107.8m | CHF 111.2m | CHF 124.8m | CHF 116.5m | CHF 135.0m | CHF 131.0m | CHF 67.3m |
| Diluted earnings per share | 3.82 | 2.77 | 2.86 | 3.21 | 3.00 | 3.47 | 3.37 | 1.72 |
| Cash from operations | CHF 157.0m | CHF 202.0m | CHF 178.0m | CHF 220.0m | CHF 155.0m | CHF 162.0m | CHF 152.0m | — |
| Capital spending | −CHF 32.0m | −CHF 48.0m | −CHF 52.0m | −CHF 76.0m | −CHF 64.0m | −CHF 92.0m | −CHF 81.0m | — |
| Free cash flow | CHF 125.0m | CHF 154.0m | CHF 126.0m | CHF 144.0m | CHF 91.0m | CHF 70.0m | CHF 71.0m | — |
| Total assets | CHF 2.69bn | CHF 2.51bn | CHF 2.49bn | CHF 2.61bn | CHF 2.60bn | CHF 2.55bn | CHF 2.57bn | — |
| Cash and short-term investments | CHF 222.4m | CHF 209.8m | CHF 168.7m | CHF 224.6m | CHF 180.9m | CHF 227.5m | CHF 224.7m | — |
| Debt | CHF 177.9m | CHF 374.6m | CHF 485.7m | CHF 559.6m | CHF 636.9m | CHF 632.3m | CHF 729.0m | — |
| Shareholders' equity | CHF 1.57bn | CHF 1.60bn | CHF 1.49bn | CHF 1.54bn | CHF 1.44bn | CHF 1.36bn | CHF 1.30bn | — |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 10.2% | 11.3% | 11.9% | 12.6% | 15.9% | 13.0% |
| Net margin | 7.1% | 7.9% | 8.6% | 9.7% | 12.8% | 10.8% |
| Return on equity | 13.7% | 15.7% | 19.6% | 20.8% | 17.0% | 14.6% |
| Return on assets | 8.7% | 9.2% | 10.4% | 10.4% | 13.3% | 10.9% |
| Free cash flow yield | 8.9% | 9.7% | 9.0% | 8.5% | 8.5% | 7.7% |
| Revenue growth | 0.7% | -1.8% | 13.4% | 44.3% | 11.1% | -5.0% |
| Earnings growth | -9.2% | -9.3% | -0.3% | 9.4% | 32.6% | -10.4% |
| Current ratio | 3.07x | 2.06x | 3.07x | 2.80x | 3.44x | 3.18x |
| Debt to equity | 0.23x | 0.36x | 0.50x | 0.52x | -0.02x | 0.02x |
| Equity ratio | 63.7% | 59.0% | 53.3% | 49.9% | 77.8% | 74.9% |
| Interest coverage | 22.11x | 18.36x | 18.43x | 36.82x | 201.67x | 116.68x |
| R&D as a share of sales | 2.2% | 2.5% | 2.0% | 1.9% | 2.4% | 2.6% |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.0% | -3.8% | 0.2% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.9% | 12.5% | 8.4% |
| Operating income | -2.1% | 8.0% | 11.0% |
| Net income | -6.4% | 3.6% | 7.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.9% | 11.4% | 12.0% | 12.0% |
| Net margin | 7.5% | 8.3% | 9.1% | 9.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.3 | 20.2 | 15.2 | 12.8 | 19.4 | 21.4 | 17.0 | 14.8 | 26.7 | 25.5 |
| Price to sales | 1.4 | 1.6 | 1.3 | 1.2 | 2.5 | 2.3 | 1.9 | 1.6 | 2.6 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 28 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.50 | 1.25 | 1.25 | 1.25 | 2.20 | 1.80 | 1.80 | 0.34 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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