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Rheinmetall AG

Rheinmetall AG

RHM.DE
Rheinmetall AGDE flagDeutsche Börse
1,141.40
EUR
+11.40
- -
53.12BMarket Cap
Rheinmetall AG
RHM.DE
(Deutsche Börse)

Recent

price

1,141.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
104.34
116.2
123.46
116.45
122.69
132.97
131.47
137.76
143.14
145.26
125.2
130.73
147.83
165.31
177.64
219.61
209.79
Revenue per Share
4.55
5.56
4.54
0.76
0.47
3.87
4.69
5.23
7.1
7.78
-0.63
6.72
10.93
12.32
16.51
15.38
15.83
Basic EPS, GAAP
-1.02
2.43
3.28
0.53
-4.76
0.74
3.78
5.84
5.63
13.98
5
9.68
-4.04
7.95
22.75
31.28
18.48
Free Cash Flow per Basic Share
0.1
1.51
1.81
1.79
0.39
0.31
1.1
1.45
1.7
2.09
2.41
2.01
3.3
4.31
5.71
8.16
- -
Dividend per Share
6.88
8.19
29.37
26.52
22.43
25.73
27.83
28.88
34.83
36.93
31.16
43.14
52.1
60.93
77.34
80.04
82.51
Book Value per Share
17.29
16.8
14.72
12.26
9.16
18.86
22.58
25.49
33.78
34.18
30.97
42.84
52.33
36.05
38.27
66.69
45.32
Tangible Book Value per Share
38
38
38
38
38
39
43
43
43
43
43
43
43
43
43
45
46
Basic Weighted Avg Shares
3,989
4,454
4,704
4,417
4,688
5,183
5,602
5,896
6,148
6,255
5,405
5,658
6,410
7,176
7,715
9,935
9,568
Sales/Revenue/Turnover
6.97
7
5.19
3.69
2.28
6.06
6.77
6.02
7.29
7.71
8.07
10.85
11.76
11.9
17.23
17.13
17.74
Operating Margin (%)
167
184
194
214
208
203
228
241
318
280
303
254
250
308
402
501
512
Depreciation Expense
174
213
173
29
18
151
200
224
305
335
-27
291
474
535
717
696
722
Net Income, GAAP
24.02
23.73
19.91
28.89
27.27
27.6
28.09
27.17
27.01
25.79
22.62
25.77
25.49
22.7
28.08
25.19
24.98
Effective Tax Rate (%)
4.36
4.78
3.68
0.66
0.38
2.91
3.57
3.8
4.96
5.36
-0.5
5.14
7.39
7.46
9.29
7.01
7.55
Profit Margin (%)
865
832
741
578
752
1,037
648
1,148
1,201
1,441
1,451
1,641
1,513
1,633
1,449
1,830
511
Working Capital
671
620
572
538
759
759
220
572
704
880
873
707
518
1,503
1,871
1,155
1,061
LT Debt
1,355
1,546
1,465
1,339
1,197
1,562
1,781
1,870
2,173
2,271
2,053
2,621
3,090
3,643
4,464
5,615
6,015
Total Equity
12.74
10.76
8.73
5.53
3.78
9.96
10.49
9.65
11.19
10.76
10.13
13.17
14.19
13.19
14.84
17.7
19.05
Return on Invested Capital (%)
36.71
23.06
16.32
5.21
4.35
10.53
11.3
11.18
12.63
13.39
-0.88
9.88
13.3
13.59
12.8
11
12.81
Return on Capital (%)
113.73
73.83
24.15
2.73
1.93
16.24
18.27
18.5
22.33
21.71
-1.84
18.12
22.98
21.82
23.88
19.94
20.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,232
127
1,096
LT Borrowings
- -
902
- -
LT Finance Leases
- -
253
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
47
Market Capitalization
88,986
69,996
65,880

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
9,276
10,901
11,874
Cash, Cash Equivalents & STI
557
1,691
1,329
Accounts Receivable, Net
2,041
1,907
1,741
Inventories
5,280
4,137
5,717
Total Current Liabilities
8,172
9,071
11,363
Payables & Accruals
- -
- -
- -
ST Debt
1,232
127
1,096
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.19%
22.36%
25.78%
Free Cash Flow
47.66%
-23.07%
43.22%
Net Income, GAAP
-108.85%
-214.19%
-2.93%
Sales/Revenue/Turnover
7.2%
13.24%
28.78%
Total Cash Common Dividend
54.04%
32.04%
48.79%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,581
2,234
2,453
3,483
7,715
2025
1,800
2,430
2,780
2,420
9,935
2026
1,938
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.11
1.43
3.11
- -
16.51
2025
1.92
2.9
3.34
- -
15.38
2026
2.41
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.71
2025
- -
- -
- -
- -
8.16
2026
- -
- -
- -
- -
- -
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Business
Rheinmetall AG is a leading international integrated technology group focused on security and mobility solutions headquartered in Düsseldorf, Germany, and founded in 1889 as Rheinische Metallwaaren- und Maschinenfabrik Actiengesellschaft. The company operates through five divisions—Vehicle Systems (Europe and International), Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade—supplying technologically advanced products including wheeled and tracked military vehicles such as the Leopard 2 tank, Puma infantry fighting vehicle, Lynx IFV, and Boxer armored vehicles; weapon systems and ammunition ranging from artillery shells, air defense systems, anti-tank weapons, and medium-calibre cannons to intelligent munitions; electronic solutions for armed forces digitization, infantry equipment, simulation, and air defence; sensors, actuators, and power systems for emission reduction, e-mobility, hydrogen technology, thermal management, throttle bodies, exhaust gas recirculation valves, pumps, and solenoid valves in automotive and industrial applications; as well as plain bearings, structural components, and aftermarket services. Rheinmetall serves defense forces and civilian markets globally, with operations spanning Europe, North America, Asia, and emerging facilities in Ukraine, Romania, Lithuania, and Latvia. Recent developments include a September 2025 agreement to acquire Naval Vessels Lürssen for naval shipbuilding expansion pending antitrust approval in early 2026; a strategic partnership with Leonardo for a 50:50 joint venture on next-generation land combat vehicles; a planned joint venture with ICEYE for SAR satellite capabilities; inauguration of Europe's largest ammunition factory in Lower Saxony and new 155mm artillery plants in Lithuania and Latvia; production start of F-35 fuselage sections in Weeze; and significant capacity expansions in Eastern Europe amid surging defense demand.