GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
T

Thule Group THULE.ST · SEK

Consumer Discretionary · Nasdaq Stockholm · 🇸🇪 Sweden

Compare

216.80

0.00%

Close of 9 Nov 2026, in SEK

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

Popular Bitcoin Ethereum Nvidia Apple S&P 500 Gold EUR/USD US 10Y

At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 10.43bn

FY2016FY2025

Net income

SEK 1.11bn

FY2016FY2025

Free cash flow

SEK 784.0m

FY2016FY2025

Shareholders' equity

SEK 7.23bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 10.43bnSEK 9.54bnSEK 9.13bnSEK 10.14bnSEK 10.39bnSEK 7.83bnSEK 7.04bnSEK 6.48bnSEK 5.87bnSEK 5.61bn
Gross profitSEK 4.79bnSEK 4.07bnSEK 3.74bnSEK 3.86bnSEK 4.16bnSEK 3.23bnSEK 2.83bnSEK 2.63bnSEK 2.42bnSEK 2.26bn
Research and developmentSEK 756.0mSEK 671.0mSEK 629.0mSEK 609.0mSEK 474.0mSEK 398.0mSEK 413.0mSEK 382.0mSEK 330.0mSEK 256.0m
Operating incomeSEK 1.64bnSEK 1.52bnSEK 1.50bnSEK 1.71bnSEK 2.34bnSEK 1.59bnSEK 1.20bnSEK 1.16bnSEK 1.07bnSEK 957.0m
Net incomeSEK 1.11bnSEK 1.12bnSEK 1.10bnSEK 1.27bnSEK 1.79bnSEK 1.17bnSEK 883.0mSEK 837.0mSEK 707.0mSEK 676.0m
Diluted earnings per share10.3310.5510.4012.1217.1111.208.568.116.926.69

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 13.74bnSEK 14.96bnSEK 10.97bnSEK 11.68bnSEK 10.19bnSEK 8.45bnSEK 8.29bnSEK 7.70bnSEK 7.29bnSEK 7.88bn
Cash and short-term investmentsSEK 218.0mSEK 405.0mSEK 94.0mSEK 176.0mSEK 149.0mSEK 706.0mSEK 268.0mSEK 186.0mSEK 581.0mSEK 763.0m
Total liabilitiesSEK 6.51bnSEK 6.86bnSEK 4.12bnSEK 5.13bnSEK 4.38bnSEK 3.19bnSEK 3.96bnSEK 3.69bnSEK 3.82bnSEK 4.06bn
DebtSEK 4.17bnSEK 4.37bnSEK 2.13bnSEK 3.06bnSEK 1.62bnSEK 1.10bnSEK 2.39bnSEK 2.15bnSEK 2.28bnSEK 2.45bn
Shareholders' equitySEK 7.23bnSEK 8.10bnSEK 6.85bnSEK 6.55bnSEK 5.82bnSEK 5.25bnSEK 4.33bnSEK 4.01bnSEK 3.47bnSEK 3.83bn
Shares outstanding108m106m106m105m105m104m103m103m102m101m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 1.13bnSEK 2.31bnSEK 1.85bnSEK 616.0mSEK 1.13bnSEK 1.61bnSEK 1.03bnSEK 606.0mSEK 972.0mSEK 878.0m
Capital spending−SEK 348.0m−SEK 264.0m−SEK 251.0m−SEK 444.0m−SEK 507.0m−SEK 173.0m−SEK 161.0m−SEK 179.0m−SEK 144.0m−SEK 130.0m
Free cash flowSEK 784.0mSEK 2.05bnSEK 1.60bnSEK 172.0mSEK 621.0mSEK 1.44bnSEK 869.0mSEK 427.0mSEK 828.0mSEK 748.0m
Dividends paid−SEK 895.0m−SEK 1.00bn−SEK 967.0m−SEK 1.36bn−SEK 1.62bn−SEK 1.62bn−SEK 722.0m−SEK 619.0m−SEK 1.11bn−SEK 253.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 3.42bnSEK 2.57bnSEK 1.83bnSEK 2.53bnSEK 3.40bnSEK 2.66bnSEK 1.68bnSEK 2.34bn
Gross profitSEK 1.62bnSEK 1.15bnSEK 825.0mSEK 1.20bnSEK 1.57bnSEK 1.19bnSEK 698.0mSEK 1.00bn
Operating incomeSEK 756.0mSEK 424.0mSEK 83.0mSEK 453.0mSEK 703.0mSEK 401.0m−SEK 103.0mSEK 413.0m
Net incomeSEK 537.0mSEK 293.0mSEK 21.0mSEK 314.0mSEK 512.0mSEK 266.0m−SEK 37.0mSEK 300.0m
Diluted earnings per share4.982.720.192.914.752.47-0.352.82
Cash from operationsSEK 824.0mSEK 25.0mSEK 54.0mSEK 667.0mSEK 744.0m−SEK 334.0mSEK 386.0mSEK 955.0m
Capital spending−SEK 70.0m−SEK 99.0m−SEK 109.0m−SEK 140.0m−SEK 58.0m−SEK 40.0m−SEK 80.0m−SEK 34.0m
Free cash flowSEK 754.0m−SEK 74.0m−SEK 55.0mSEK 527.0mSEK 686.0m−SEK 374.0mSEK 306.0mSEK 921.0m
Total assetsSEK 15.61bnSEK 14.98bnSEK 13.74bnSEK 14.48bnSEK 14.73bnSEK 14.84bnSEK 14.96bnSEK 11.57bn
Cash and short-term investmentsSEK 431.0mSEK 329.0mSEK 218.0mSEK 761.0mSEK 357.0mSEK 394.0mSEK 405.0mSEK 857.0m
Debt—SEK 104.0mSEK 4.17bnSEK 95.0mSEK 4.43bnSEK 4.59bnSEK 4.37bnSEK 1.74bn
Shareholders' equitySEK 7.64bnSEK 7.84bnSEK 7.23bnSEK 7.32bnSEK 7.05bnSEK 7.64bnSEK 8.10bnSEK 7.12bn

Financial ratios

Data as of 24 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin46.0%42.7%40.9%38.1%40.1%41.2%
Operating margin15.7%16.0%16.5%16.8%22.5%20.3%
Net margin10.7%11.8%12.0%12.6%17.2%14.9%
Return on equity15.4%13.9%16.0%19.5%30.8%22.2%
Return on assets8.1%7.5%10.0%10.9%17.6%13.8%
Free cash flow yield6.9%12.2%10.0%5.1%7.9%8.6%
Revenue growth9.3%4.5%-9.9%-2.4%32.7%11.2%
Earnings growth-0.7%2.1%-13.8%-28.8%53.5%32.0%
Current ratio2.13x2.13x2.49x2.73x1.74x1.73x
Debt to equity0.58x0.52x0.30x0.45x0.26x0.21x
Equity ratio52.6%54.1%62.5%56.1%57.1%62.2%
Interest coverage7.19x9.22x9.53x19.84x54.42x27.91x
R&D as a share of sales7.2%7.0%6.9%6.0%4.6%5.1%
Buybacks as a share of market value-1.3%-0.7%-0.5%-0.6%-0.5%-0.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.9%5.9%7.0%
Operating income-1.3%0.6%7.1%
Net income-4.4%-0.9%9.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin44.4%42.0%41.5%41.0%
Operating margin15.8%16.2%17.9%17.7%
Net margin11.2%11.7%13.2%12.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings23.132.426.418.032.027.525.220.026.721.3
Price to sales2.53.83.22.35.54.13.22.63.22.6

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 12 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2019FY2018
Paid in the year4.158.309.979.2013.008.007.006.00

Sources and methodology

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

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.