Rheinmetall revenue and financials
€937.50Change from previous close: −1.63%Absolute change: −€15.50
In the fiscal year ended December 2025, Rheinmetall reported revenue of €9.94B (+28.78% year over year). Net income was €696M, a net margin of 7.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +28.78%
- 2025 vs 2024
- Net income growth
- −2.93%
- 2025 vs 2024
- Net margin
- 7.0%
- 2024: 9.3%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,287 | 1,720 | 743 | 174 | 690 | 453 | 602 | 242 | 546 | 444 |
| Depreciation and amortization | 401 | 284 | 302 | 226 | 215 | 271 | 262 | 248 | 200 | 192 |
| Capital expenditure | -872 | -732 | -398 | -349 | -271 | -237 | -288 | -277 | -270 | -283 |
| Investing cash flow | -843 | -1,172 | -1,175 | -534 | -462 | -188 | -252 | -208 | -189 | -436 |
| Financing cash flow | -861 | -234 | 746 | -131 | -202 | -148 | -158 | -66.0 | -200 | -89.0 |
| Dividends paid | -369 | -248 | -187 | -143 | -87.0 | -104 | -90.0 | -73.0 | -62.0 | -47.0 |
| Debt issued | 71.0 | 793 | 1,294 | 249 | 122 | 444 | 236 | 154 | 415 | 85.0 |
| Debt repaid | -585 | -773 | -485 | -232 | -231 | -487 | -166 | -139 | -551 | -123 |
| Effect of exchange rates | -10.0 | -2.0 | -9.0 | 1.0 | 4.0 | -10.0 | 4.0 | — | -16.0 | 6.0 |
| Net change in cash | 574 | 311 | 305 | -490 | 30.0 | 108 | 196 | -33.0 | 141 | -75.0 |
| Free cash flow | 1,415 | 988 | 345 | -175 | 419 | — | — | — | — | — |
| Levered free cash flow | 979 | 711 | 527 | -280 | 275 | 329 | 205 | 57.4 | 313 | 76.1 |