Wärtsilä WRT1V.HE
Public, HEL, reports in EUR. Founded 1934.
Theme: Globalization.
Marine.
2025-08-01 — Star cyclical industrial in Finland
Financials millions, EUR
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.5bn EUR | 15.8 % | 50.6 % | – | 816m EUR | 10.9 % | 626m EUR | 1.06 | 26.7 | |
| 2024 | 6.4bn EUR | 7.2 % | 46.1 % | – | 675m EUR | 10.5 % | 503m EUR | 0.85 | 17.7 | |
| 2023 | 6.0bn EUR | 3.0 % | 43.2 % | – | 452m EUR | 7.5 % | 258m EUR | 0.44 | 10.5 | |
| 2022 | 5.8bn EUR | – | 37.2 % | – | 135m EUR | 2.3 % | -64m EUR | -0.11 | – | |
| 2026-Q2 | 1.6bn EUR | -2.2 % | – | – | 189m EUR | 12.1 % | 146m EUR | 0.25 | 9.9 | |
| 2026-Q1 | 1.6bn EUR | -0.3 % | – | – | 180m EUR | 11.6 % | 146m EUR | 0.25 | 11.3 | |
| 2025-Q4 | 2.0bn EUR | – | 44.4 % | – | 252m EUR | 12.6 % | 186m EUR | 0.32 | – | |
| 2025-Q2 | 1.6bn EUR | – | – | – | 177m EUR | 11.1 % | 136m EUR | 0.23 | – | |
| 2025-Q1 | 1.6bn EUR | – | – | – | 167m EUR | 10.7 % | 122m EUR | 0.21 | – |
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 | 1.6bn EUR | 1.6bn EUR | -35m (-2 %) |
| Op. margin | 12.1 % | 11.1 % | +1.0 pts |
| FCF | 461m EUR | 379m EUR | +82m (+22 %) |
| Op. income | 189m EUR | ||
| Net income | 146m EUR | ||
| EPS (diluted) | 0.25 | 8.7 % |
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 | 1.6bn EUR | 150m EUR | 1.4bn EUR | 19.4 % | 255.3 % | 621m EUR | 1.4bn EUR | 1.2bn EUR | 1.1bn EUR |
| 2024 | 1.2bn EUR | 170m EUR | 1.0bn EUR | 16.1 % | 240.2 % | 498m EUR | 980m EUR | 913m EUR | 736m EUR |
| 2023 | 822m EUR | 148m EUR | 674m EUR | 11.2 % | 318.6 % | 334m EUR | 675m EUR | 536m EUR | 376m EUR |
| 2022 | -62m EUR | 156m EUR | -218m EUR | -3.7 % | – | – | – | -363m EUR | -502m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 27.49 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 16.2bn EUR | 18.7bn USD | 2026-09-15 |
| 52w high | 40.75 EUR | 2026-09-15 | |
| 52w low | 24.36 EUR | 2026-09-15 | |
| Off 52w high % | -32.5 % | ||
| P/S | 2.1 | ||
| Lifetime CAGR | 2.2 % |
Notes
- 2025-08-01 opinion Star cyclical industrial in Finland