KONE KNEBV.HE
Public, HEL, reports in EUR. Founded 1908.
Theme: Urbanization.
China.
2025-08-01 — Hold
Financials millions, EUR
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 12.1bn EUR | 9.0 % | 60.7 % | – | 1.3bn EUR | 11.0 % | 1.1bn EUR | 1.89 | 20.0 | |
| 2024 | 11.1bn EUR | 1.3 % | 56.5 % | 0.2 % | 1.3bn EUR | 11.7 % | 951m EUR | 1.84 | 13.1 | |
| 2023 | 11.0bn EUR | 0.4 % | 53.9 % | – | 1.2bn EUR | 11.4 % | 926m EUR | 1.79 | 11.8 | |
| 2022 | 10.9bn EUR | – | 51.1 % | – | 1.1bn EUR | 9.9 % | 774m EUR | 1.49 | – | |
| 2026-Q2 | 2.9bn EUR | 3.1 % | 13.8 % | – | 322m EUR | 11.0 % | 238m EUR | 0.46 | 14.0 | |
| 2026-Q1 | 2.7bn EUR | 1.3 % | 13.6 % | – | 283m EUR | 10.4 % | 212m EUR | 0.41 | 11.8 | |
| 2025-Q4 | 3.0bn EUR | – | 16.0 % | – | 387m EUR | 13.1 % | 269m EUR | 0.52 | – | |
| 2025-Q2 | 2.9bn EUR | – | 14.6 % | – | 338m EUR | 11.9 % | 274m EUR | 0.53 | – | |
| 2025-Q1 | 2.7bn EUR | – | 13.3 % | – | 277m EUR | 10.4 % | 213m EUR | 0.41 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q2: yfinance
- 2025-Q1: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 2.9bn EUR | 2.9bn EUR | +88m (+3 %) |
| Op. margin | 11.0 % | 11.9 % | -0.9 pts |
| FCF | 311m EUR | 204m EUR | +106m (+52 %) |
| Op. income | 322m EUR | ||
| Net income | 238m EUR | ||
| EPS (diluted) | 0.46 | -13.2 % |
Cash flow millions, EUR
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.3bn EUR | 154m EUR | 1.2bn EUR | 9.6 % | 122.9 % | 999m EUR | 1.3bn EUR | 1.0bn EUR | -108m EUR |
| 2024 | 1.2bn EUR | 168m EUR | 1.1bn EUR | 9.7 % | 131.4 % | 998m EUR | 1.2bn EUR | 1.1bn EUR | 149m EUR |
| 2023 | 1.1bn EUR | 148m EUR | 980m EUR | 8.9 % | 121.8 % | 964m EUR | 1.1bn EUR | 814m EUR | -53m EUR |
| 2022 | 532m EUR | 101m EUR | 430m EUR | 3.9 % | 68.6 % | 821m EUR | 443m EUR | – | 8.4m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 50.06 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 25.9bn EUR | 30.0bn USD | 2026-09-15 |
| 52w high | 64.42 EUR | 2026-09-15 | |
| 52w low | 46.22 EUR | 2026-09-15 | |
| Off 52w high % | -22.3 % | ||
| P/S | 2.1 | ||
| Lifetime CAGR | 2.1 % |
Notes
- 2025-08-01 opinion Hold