Vestas Wind Systems

VWS · Nasdaq Copenhagen · DKK

kr 189.70−3.29%−kr 6.45

Close · October 1, 2026

At a glance

Revenue growth
+8.83%
2025 vs 2024
Net income growth
+55.91%
2025 vs 2024
Net margin
4.1%
2024: 2.9%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets26,71526,70725,73225,91825,54925,27724,64422,92123,61722,59922,51420,857
Current assets17,43917,63416,83616,75616,50016,44316,08914,78215,62314,92014,92114,027
Cash and equivalents3,4624,2144,3843,5323,0563,4073,8172,1972,6362,2943,3181,696
Short-term investments16516516419019018816015911659.03.04.0
Receivables6,6806,3836,0015,7675,3965,3485,5784,8164,5924,6644,5654,529
Inventory6,2296,1095,7216,3286,9446,7296,0086,8997,5057,2636,5307,007
Net property, plant and equipment3,1012,9092,7922,6372,5432,4572,3532,1522,0721,9801,9111,869
Goodwill1,6131,4981,4971,4981,4991,5071,5131,5041,5091,5081,5071,511
Other intangible assets1,9061,9221,9391,9411,9121,9091,8721,8011,7721,7211,6961,616
Long-term investments723737739838823826841813766753790787
Current liabilities16,99517,15516,84717,26717,20616,19815,48014,56115,24614,07414,02013,501
Accounts payable4,9484,7664,7664,3124,3934,5104,1293,9173,8863,5623,7383,655
Long-term debt3,2033,1591,7212,5892,6123,0852,2053,1393,2353,2462,6492,741
Total debt3,5353,9443,3743,3383,358———————
Total liabilities22,75022,78721,85122,43622,42921,91221,10220,00220,69119,53519,47217,876
Total equity (incl. minority)3,9653,9203,8813,4823,1203,3653,5422,9192,9263,0643,0422,981
Retained earnings4,1014,0514,0553,7393,4223,4903,5802,9782,8493,0343,1022,933
Minority interest8.03.014.015.013.013.013.012.012.09.015.015.0