Volati VOLO.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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22.20

-2.63%

Close of 9 Nov 2026, in SEK

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

At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 8.42bn

FY2016FY2025

Net income

SEK 302.0m

FY2016FY2025

Free cash flow

SEK 631.0m

FY2016FY2025

Shareholders' equity

SEK 2.16bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	SEK 8.42bn	SEK 7.87bn	SEK 7.80bn	SEK 7.75bn	SEK 6.31bn	SEK 6.70bn	SEK 6.83bn	SEK 6.08bn	SEK 4.36bn	SEK 3.21bn
Research and development	—	—	SEK 11.0m	SEK 11.0m	SEK 1.0m	SEK 1.0m	SEK 1.0m	SEK 44.0m	SEK 33.0m	SEK 24.1m
Operating income	SEK 591.0m	SEK 538.0m	SEK 636.0m	SEK 624.0m	SEK 620.0m	SEK 437.0m	SEK 353.0m	SEK 366.0m	SEK 345.3m	SEK 301.0m
Net income	SEK 302.0m	SEK 273.0m	SEK 356.0m	SEK 417.0m	SEK 496.0m	SEK 263.0m	−SEK 3.0m	SEK 272.0m	SEK 239.9m	SEK 196.2m
Diluted earnings per share	3.80	3.44	4.48	5.25	6.25	3.31	-0.04	3.38	2.98	3.30

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	SEK 7.77bn	SEK 7.45bn	SEK 6.55bn	SEK 6.69bn	SEK 5.62bn	SEK 6.51bn	SEK 6.16bn	SEK 5.57bn	SEK 5.01bn	SEK 3.24bn
Cash and short-term investments	SEK 679.0m	SEK 317.0m	SEK 96.0m	SEK 227.0m	SEK 203.0m	SEK 1.16bn	SEK 447.0m	SEK 241.0m	SEK 438.2m	SEK 370.7m
Total liabilities	SEK 5.60bn	SEK 5.24bn	SEK 4.35bn	SEK 4.55bn	SEK 3.73bn	SEK 3.27bn	SEK 3.80bn	SEK 3.00bn	SEK 2.64bn	SEK 985.7m
Debt	SEK 3.25bn	SEK 2.94bn	SEK 2.32bn	SEK 2.37bn	SEK 1.73bn	SEK 1.38bn	SEK 2.10bn	SEK 1.22bn	SEK 1.09bn	SEK 127.0m
Shareholders' equity	SEK 2.16bn	SEK 2.21bn	SEK 2.20bn	SEK 2.12bn	SEK 1.87bn	SEK 3.22bn	SEK 2.35bn	SEK 2.56bn	SEK 2.35bn	SEK 2.24bn
Shares outstanding	79m	79m	79m	79m	79m	79m	79m	80m	80m	60m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	SEK 746.0m	SEK 780.0m	SEK 753.0m	SEK 483.0m	SEK 460.0m	SEK 956.0m	SEK 759.0m	SEK 448.0m	SEK 474.8m	SEK 285.2m
Capital spending	−SEK 115.0m	−SEK 113.0m	−SEK 96.0m	−SEK 87.0m	−SEK 89.0m	−SEK 76.0m	−SEK 98.0m	−SEK 83.0m	−SEK 57.3m	−SEK 33.4m
Free cash flow	SEK 631.0m	SEK 667.0m	SEK 657.0m	SEK 396.0m	SEK 371.0m	SEK 880.0m	SEK 661.0m	SEK 365.0m	SEK 417.5m	SEK 251.8m
Dividends paid	−SEK 223.0m	−SEK 222.0m	−SEK 215.0m	−SEK 203.0m	−SEK 999.0m	−SEK 32.0m	−SEK 143.0m	−SEK 105.0m	−SEK 105.2m	−SEK 88.7m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	SEK 1.33bn	SEK 1.02bn	SEK 2.02bn	SEK 2.08bn	SEK 2.32bn	SEK 2.00bn	SEK 2.01bn	SEK 1.92bn
Operating income	SEK 92.0m	SEK 42.0m	SEK 177.0m	SEK 152.0m	SEK 211.0m	SEK 136.0m	SEK 169.0m	SEK 186.0m
Net income	SEK 4.11bn	SEK 41.0m	SEK 45.0m	SEK 99.0m	SEK 133.0m	SEK 26.0m	SEK 46.0m	SEK 80.0m
Diluted earnings per share	50.68	0.51	0.57	1.25	1.67	0.33	0.58	1.01
Cash from operations	SEK 184.0m	−SEK 135.0m	SEK 465.0m	SEK 208.0m	SEK 251.0m	−SEK 178.0m	SEK 464.0m	SEK 154.0m
Capital spending	−SEK 35.0m	−SEK 36.0m	−SEK 46.0m	−SEK 29.0m	−SEK 30.0m	−SEK 26.0m	−SEK 50.0m	−SEK 18.0m
Free cash flow	SEK 149.0m	−SEK 171.0m	SEK 419.0m	SEK 179.0m	SEK 221.0m	−SEK 204.0m	SEK 414.0m	SEK 136.0m
Total assets	SEK 4.73bn	SEK 8.71bn	SEK 7.77bn	SEK 7.75bn	SEK 7.81bn	SEK 7.81bn	SEK 7.45bn	SEK 7.28bn
Cash and short-term investments	—	SEK 122.0m	SEK 679.0m	SEK 164.0m	SEK 208.0m	SEK 131.0m	SEK 317.0m	SEK 103.0m
Debt	SEK 1.36bn	SEK 3.37bn	SEK 3.25bn	SEK 3.10bn	SEK 3.28bn	SEK 3.16bn	SEK 2.94bn	SEK 2.41bn
Shareholders' equity	SEK 1.32bn	SEK 2.24bn	SEK 2.16bn	SEK 2.16bn	SEK 2.09bn	SEK 2.16bn	SEK 2.21bn	SEK 2.16bn

Financial ratios

Data as of 8 Oct 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Operating margin	7.1%	6.8%	8.2%	8.2%	10.0%	5.6%	—	—
Net margin	3.6%	3.5%	4.6%	5.4%	7.9%	3.9%	—	—
Return on equity	14.0%	12.4%	16.2%	19.7%	26.5%	8.2%	—	—
Return on assets	3.9%	3.7%	5.4%	6.2%	8.8%	4.0%	—	—
Free cash flow yield	45.4%	47.1%	44.7%	30.0%	28.9%	54.4%	—	—
Revenue growth	7.0%	0.9%	0.6%	22.9%	-5.8%	-2.0%	—	—
Earnings growth	10.6%	-23.3%	-14.6%	-15.9%	88.6%	-8866.7%	—	—
Current ratio	2.03x	1.82x	1.75x	0.87x	0.92x	1.79x	—	—
Debt to equity	1.33x	1.15x	0.86x	0.92x	0.69x	0.19x	—	—
Equity ratio	27.8%	29.6%	33.5%	31.7%	33.3%	49.5%	—	—
Interest coverage	3.77x	3.07x	4.24x	7.51x	9.45x	5.40x	—	—
R&D as a share of sales	—	—	0.1%	0.1%	0.0%	0.0%	0.0%	0.7%
Buybacks as a share of market value	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	2.8%	4.7%	14.4%
Operating income	-1.8%	6.2%	10.7%
Net income	-10.2%	2.8%	12.5%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Operating margin	6.9%	7.5%	7.7%	7.4%
Net margin	3.5%	4.2%	4.7%	4.3%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	13.3	13.5	11.7	7.8	17.1	13.7	-473.8	4.3	9.3	9.8
Price to sales	0.5	0.5	0.5	0.4	1.4	0.5	0.2	0.2	0.5	0.6

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 30 Apr 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Paid in the year	1.00	2.00	1.90	1.80	1.70	1.20	1.10	1.00

Sources and methodology

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

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Volati VOLO.ST · SEK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology