The Swatch Group
CHF 182.05Change from previous close: −1.35%Absolute change: −CHF 2.50
At a glance
- Revenue growth
- −6.76%
- 2025 vs 2024
- Net income growth
- −98.45%
- 2025 vs 2024
- Net margin
- 0.0%
- 2024: 2.9%
Financial data
Amounts in millions of CHF; per-share values in CHF; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 507 | 333 | 615 | 724 | 1,298 |
| Depreciation and amortization | 380 | 370 | 351 | 371 | 400 |
| Capital expenditure | -409 | -503 | -730 | -339 | -251 |
| Investing cash flow | -346 | -470 | -768 | -114 | -727 |
| Financing cash flow | -205 | -410 | -327 | -300 | -234 |
| Dividends paid | -234 | -335 | -311 | -285 | -181 |
| Share repurchases | 0.0 | -50.0 | 0.0 | -2.0 | -12.0 |
| Debt issued | 21.0 | — | — | 1.0 | — |
| Debt repaid | — | -3.0 | — | — | -38.0 |
| Effect of exchange rates | -53.0 | 28.0 | -80.0 | -21.0 | 10.0 |
| Net change in cash | -97.0 | -519 | -560 | 289 | 347 |
| Free cash flow | 98.0 | -170 | -115 | 385 | 1,047 |
| Levered free cash flow | 249 | -252 | -208 | 200 | 938 |