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Rheinmetall AG

Rheinmetall AG

RHM.SW
Rheinmetall AGCH flagSwiss Exchange
1,021.20
EUR
+4.80
- -
46.79BMarket Cap
Rheinmetall AG
RHM.SW
(Swiss Exchange)

Recent

price

1,021.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
119.82
94.32
104.34
116.2
123.46
116.45
122.69
132.97
131.47
137.76
143.14
145.26
125.2
- -
- -
- -
- -
Revenue per Share
4.4
-1.43
4.55
5.56
4.54
0.76
0.47
3.87
4.69
5.23
7.1
7.78
-0.63
- -
- -
- -
- -
Basic EPS, GAAP
3.65
5.13
-1.02
2.43
3.28
0.53
-4.76
0.74
3.78
5.84
5.63
13.98
5
- -
- -
- -
- -
Free Cash Flow per Basic Share
1.39
1.24
0.1
1.51
1.81
1.79
0.39
0.31
1.1
1.45
1.7
2.09
2.41
- -
- -
- -
- -
Dividend per Share
7.22
1.19
6.88
8.19
29.37
26.52
22.43
25.73
27.83
28.88
34.83
36.93
31.16
- -
- -
- -
- -
Book Value per Share
17.03
15.97
17.29
16.8
14.72
12.26
9.16
18.86
22.58
25.49
33.78
34.18
30.97
- -
- -
- -
- -
Tangible Book Value per Share
32
36
38
38
38
38
38
39
43
43
43
43
43
- -
- -
- -
- -
Basic Weighted Avg Shares
3,869
3,420
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
8,131
Sales/Revenue/Turnover
3.28
0.38
6.97
7.09
5.34
3.78
2.28
6.06
6.77
6.02
7.29
7.71
8.07
10.85
11.76
11.87
12.29
Operating Margin (%)
166
165
167
184
194
214
208
203
228
241
318
280
303
254
250
308
363
Depreciation Expense
142
-52
174
213
173
29
18
151
200
224
305
335
-27
291
474
535
535
Net Income, GAAP
26.42
- -
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
23.59
Effective Tax Rate (%)
3.67
-1.52
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
6.58
Profit Margin (%)
374
279
865
832
741
578
752
1,037
648
1,148
1,201
1,441
1,451
1,641
1,513
1,633
1,405
Working Capital
- -
- -
671
620
572
538
759
759
220
572
704
880
873
707
518
1,503
- -
LT Debt
1,080
1,134
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
3,608
Total Equity
8.38
- -
12.74
10.89
8.98
5.67
3.78
9.96
10.49
9.65
11.19
10.76
10.13
13.17
14.19
13.16
22.24
Return on Invested Capital (%)
50.69
- -
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
21.51
Return on Capital (%)
60.43
-37.68
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
22.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
411
- -
- -
LT Borrowings
1,277
- -
- -
LT Finance Leases
226
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
7,092
6,953
7,558
Cash, Cash Equivalents & STI
915
515
549
Accounts Receivable, Net
2,033
1,509
1,905
Inventories
2,951
3,859
4,082
Total Current Liabilities
5,459
5,319
6,153
Payables & Accruals
- -
- -
- -
ST Debt
411
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.35%
11.67%
17.9%
Free Cash Flow
-87.9%
-52.06%
-297.14%
Net Income, GAAP
-41.87%
-240.05%
12.87%
Sales/Revenue/Turnover
5.24%
3.61%
11.95%
Total Cash Common Dividend
36.1%
23.53%
30.77%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
1,266
1,408
1,415
2,321
6,410
2023
1,363
1,498
1,758
2,558
7,176
2024
1,581
2,234
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
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Business
Rheinmetall AG is a leading international integrated technology group specializing in security and mobility solutions. Headquartered in Düsseldorf, Germany, and founded in 1889, the company operates through five main divisions: Vehicle Systems Europe, Vehicle Systems International, Weapon and Ammunition, Electronic Solutions, and Power Systems; it serves defence forces, governments, and civilian markets across Europe, North and South America, Asia, and other regions. Core products and services encompass military vehicles including main battle tanks such as the KF51 Panther, infantry fighting vehicles like the Puma and Lynx, armoured personnel carriers, self-propelled howitzers, and logistics vehicles; weapon systems comprising autocannons, artillery, air defence systems, anti-tank guided missiles, mortars, and tank guns; ammunition and propellants for various calibres including 155mm artillery shells; electronic solutions such as sensors, radar technology, command and control systems, cyberspace protection, and training simulators; and automotive components like actuators, exhaust gas systems, pumps, solenoid valves, thermal management systems, and hydrogen technology for emission reduction and e-mobility. Rheinmetall AG trades on the Frankfurt Stock Exchange under ticker RHM and on the SIX Swiss Exchange under RHM.SW. Recent developments include the September 2025 agreement to acquire Naval Vessels Lürssen from the Lürssen Group, expanding into naval shipbuilding with completion targeted for early 2026; establishment of a joint venture with Romania's Piroc for propellant powder production starting in 2028; a framework contract with the Danish Armed Forces for over 100 logistics vehicles; partnerships such as with Varjo for mixed reality training and with Heckler & Koch via Rheinmetall Nordic; formation of Rheinmetall ICEYE Space Solutions GmbH for SAR satellite production from 2026; a joint venture with Leonardo for military vehicles awarded a contract in November 2025; new 155mm artillery ammunition plants in Lithuania (operational mid-2026) and plans for Latvia; a joint venture with Bulgaria valued over €1 billion for gunpowder and 155mm shells; and the 2023 acquisition of Expal Systems for €1.2 billion to bolster ammunition capabilities.