Is the business good?
How good a business is AEBI?
Aebi Schmidt Holding AG earns 4.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
4.4%
Return on invested capital · cost of capital 9.0% · 4.6 points below what the capital costs: growth destroys value
- Operating margin
- 4.3%
Operating margin · Farm & Heavy Construction Machinery median 9.2% · 12 months to Q1 2026
- Cash conversion
- 0.57×
Cash conversion · 1.46× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +92%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2023 | 5.8% |
| FY2024 | 6.3% |
| FY2025 | 4.8% |
Details›
- Gross margin12 months to Q1 2026
- 20%
- Operating margin12 months to Q1 2026
- 4.3%
- Net margin12 months to Q1 2026
- 0.48%
- Free cash flow margin
- 0.27%
- R&D as % of revenue
- 1.7%
- Revenue, trailing twelve months
- $1.73B
- Free cash flow, trailing twelve months
- $4.8M
- Net income, trailing twelve months
- $8.4M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Farm & Heavy Construction Machinery
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