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 | Q2 2026 | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 | Q4 2022 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 304 | 327 | 180 | 243 | 90.0 | 334 | 281 | 437 | 287 | 779 |
| Depreciation and amortization | 204 | 172 | 208 | 168 | 202 | 159 | 192 | 166 | 205 | 179 |
| Capital expenditure | -151 | -210 | -199 | -256 | -247 | -383 | -347 | -212 | -127 | -161 |
| Investing cash flow | -159 | -196 | -150 | -200 | -270 | -418 | -350 | 19.0 | -133 | -588 |
| Financing cash flow | -36.0 | -148 | -57.0 | -13.0 | -397 | -18.0 | -309 | -7.0 | -293 | -9.0 |
| Dividends paid | -234 | — | -234 | — | -335 | — | -311 | — | -285 | — |
| Share repurchases | — | — | — | — | -50.0 | — | — | — | -2.0 | -12.0 |
| Debt issued | 199 | -148 | 169 | -8.0 | 8.0 | -15.0 | 15.0 | 1.0 | — | — |
| Debt repaid | — | — | — | -3.0 | — | — | — | 1.0 | -1.0 | -2.0 |
| Effect of exchange rates | 14.0 | -1.0 | -52.0 | -6.0 | 34.0 | -39.0 | -41.0 | -38.0 | 17.0 | -22.0 |
| Net change in cash | 123 | -18.0 | -79.0 | 24.0 | -543 | -141 | -419 | 411 | -122 | 160 |
| Free cash flow | 153 | 117 | -19.0 | -13.0 | -157 | -49.0 | -66.0 | 225 | 160 | 618 |
| Levered free cash flow | 158 | 108 | 142 | -41.5 | -210 | -137 | -71.5 | 173 | 26.1 | 524 |