Vestas Wind Systems A/S,
Denmark · DK0061539921 · reports in EUR · Europe
The answers
From the annual report for the year to Dec 31, 2025. Each line says what it is based on.
- Is it growing?Fair
- Revenue +8.8% in the year to Dec 31, 2025, on the year before.
- Is it a good business?Good
- It earned 20% on its shareholders' equity in the year to Dec 31, 2025.
- Is it safe?To watch
- Equity is 15% of its assets, and operations brought in cash in the year.
- Is the price fair?n/a
- Not answered: no exchange publishes this company's price for free reuse, so there is no P/E here.
The year
Year to Dec 31, 2025, consolidated, in EUR.
revenue
operating margin
net profit
Year by year
As filed; an earlier year can differ from its own report when the company restated it.
| Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| Revenue | €14.5B | €15.4B | €17.3B | €18.8B |
| Operating profit | −€1.6B | €292M | €794M | €1.0B |
| Net profit to shareholders | −€1.6B | €77M | €499M | €778M |
| Earnings per share | −€1.56 | €0.08 | €0.50 | €0.78 |
| Cash from operations | −€195M | €1.0B | €2.3B | €2.3B |
| Capital spending | €371M | €456M | €670M | €821M |
| Cash | €2.4B | €3.3B | €3.8B | €4.4B |
| Total assets | €20.1B | €22.5B | €24.6B | €25.7B |
| Equity | €3.1B | €3.0B | €3.5B | €3.9B |
What they do
In the company's own words, from the annual report.
Wind energy is our heritage and core competence. We have a market-leading competitive position to provide affordable, secure,and sustainable energy to a large addressable market that is expected to grow considerably in the years ahead. Capital structure strategyThe Vestas Board of Directors and Executive Management regularly evaluate our capital structure. This process involves assessing how we fund our operations and growth to ensure these efforts align with shareholder interests and support our corporate strategy.Financial managementOur financial management goal is to ensure that Vestas remains resilient to economic and market fluctuations throughout the business cycle. We aim to meet our long-term financial ambitions, which include a 10 percent EBIT and 20 percent Return on Capital Employed, while delivering value to customers and maximising returns for shareholders.At the end of 2025
Source: the company’s annual financial report in ESEF, via filings.xbrl.org (XBRL International). Listed shares from ESMA’s FIRDS register; ESMA does not endorse this site. Ryufin computed the answers and ratios from the filed figures.