Neste NESTE.HE
Public, HEL, reports in EUR. Founded 1948.
Theme: Clean Energy.
Renewable diesel.
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 | 20.5bn EUR | -0.5 % | 15.7 % | – | 344m EUR | 1.7 % | 156m EUR | 0.19 | 1.2 | |
| 2024 | 20.6bn EUR | -10.0 % | 10.0 % | – | 1.9m EUR | 0.0 % | -95m EUR | -0.12 | -10.0 | |
| 2023 | 22.9bn EUR | -10.8 % | 12.9 % | – | 1.6bn EUR | 7.2 % | 1.4bn EUR | 1.87 | -3.6 | |
| 2022 | 25.7bn EUR | – | 13.3 % | – | 2.4bn EUR | 9.2 % | 1.9bn EUR | 2.46 | – | |
| 2026-Q2 | 6.0bn EUR | 32.7 % | 21.4 % | – | 908m EUR | 15.2 % | 765m EUR | 0.99 | 47.9 | |
| 2026-Q1 | 5.2bn EUR | 2.9 % | 19.4 % | – | 676m EUR | 13.1 % | 533m EUR | 0.69 | 16.0 | |
| 2025-Q4 | 5.0bn EUR | – | 12.7 % | – | 245m EUR | 4.9 % | 114m EUR | 0.15 | – | |
| 2025-Q2 | 4.5bn EUR | – | 6.6 % | – | -8.0m EUR | -0.2 % | -36m EUR | -0.05 | – | |
| 2025-Q1 | 5.0bn EUR | – | 5.9 % | – | – | – | -40m EUR | -0.05 | – |
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 | 6.0bn EUR | 4.5bn EUR | +1.5bn (+33 %) |
| Op. margin | 15.2 % | -0.2 % | +15.3 pts |
| FCF | 57m EUR | 217m EUR | -160m (-74 %) |
| Op. income | 908m EUR | ||
| Net income | 765m EUR | ||
| EPS (diluted) | 0.99 |
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 | 1.7bn EUR | 922m EUR | 825m EUR | 4.0 % | 1119.9 % | 249m EUR | 625m EUR | 942m EUR | 447m EUR |
| 2024 | 1.2bn EUR | 1.6bn EUR | -398m EUR | -1.9 % | – | – | – | 489m EUR | -656m EUR |
| 2023 | 2.3bn EUR | 1.4bn EUR | 849m EUR | 3.7 % | 159.0 % | 1.5bn EUR | 939m EUR | 1.9bn EUR | 310m EUR |
| 2022 | 1.2bn EUR | 1.7bn EUR | -546m EUR | -2.1 % | 63.4 % | 2.0bn EUR | -496m EUR | 206m EUR | -428m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 33.41 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 25.7bn EUR | 29.6bn USD | 2026-09-15 |
| 52w high | 34.06 EUR | 2026-09-15 | |
| 52w low | 15.43 EUR | 2026-09-15 | |
| Off 52w high % | -1.9 % | ||
| P/S | 1.2 | ||
| Lifetime CAGR | 3.9 % |
Notes
- 2025-08-01 opinion Hold