Rheinmetall AG

Rheinmetall AG

RNMBF
Rheinmetall AGUS flagOther OTC
1,225.75
USD
-24.17
- -
57.19BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
226.24
Basic EPS, GAAP
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
15.51
Free Cash Flow per Basic Share
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
8.48
Dividend per Share
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
- -
Book Value per Share
32.96
29.16
35.09
39.5
40.84
47.04
49.32
43.71
55.84
64.98
76.37
93.24
109.22
106.55
Tangible Book Value per Share
10.01
7.09
15.64
20.31
22.67
30.25
30.78
27.13
38.13
46.06
28.51
28.73
52.59
21.56
Basic Weighted Avg Shares
38
38
39
43
43
43
43
43
43
43
43
43
45
46
Sales/Revenue/Turnover
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
10,427
Operating Margin (%)
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
18.63
Depreciation Expense
214
208
203
228
241
318
280
303
254
250
308
402
501
536
Net Income, GAAP
29
18
151
200
224
305
335
-27
291
474
535
717
696
715
Effective Tax Rate (%)
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
25.49
Profit Margin (%)
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
6.86
Working Capital
578
752
1,037
648
1,148
1,201
1,441
1,451
1,641
1,513
1,633
1,449
1,830
24
LT Debt
538
759
759
220
572
704
880
873
707
518
1,503
1,871
1,155
1,238
Total Equity
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
5,768
Return on Invested Capital (%)
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
18.16
Return on Capital (%)
4.58
3.78
8.73
9.07
8.98
10.26
11.13
-0.73
8.25
11.36
11.85
11.4
9.34
8.34
Return on Common Equity (%)
2.22
1.52
11.57
12.59
13.03
16.17
16.16
-1.35
13.52
18.1
17.44
19.47
15.36
15.17

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
127
1,096
1,740
LT Borrowings
902
- -
- -
LT Finance Leases
253
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
47
47
Market Capitalization
71,609
67,978
46,146

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,901
11,874
12,404
Cash, Cash Equivalents & STI
1,691
1,329
255
Accounts Receivable, Net
1,907
1,741
2,654
Inventories
4,137
5,717
6,248
Total Current Liabilities
9,071
11,363
12,380
Payables & Accruals
- -
- -
- -
ST Debt
127
1,096
1,740
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
1,949
2,780
2,420
9,935
2026
1,938
3,289
- -
- -
- -

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
2.88
3.34
- -
15.38
2026
2.41
2.66
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.71
2025
- -
- -
- -
- -
8.16
2026
- -
- -
- -
- -
- -

Company Description

CEO
Armin Theodor Papperger
Full Time Employees
32,251
Sector
Industrials
Industry
Aerospace & Defense
Address
Rheinmetall Platz 1 Düsseldorf NW Germany 40476
IPO Date
Sep 16, 2009
Business
Rheinmetall AG is a leading international technology group specializing in the manufacture and provision of systems and components for the defense and automotive industries. The company operates through five primary divisions: Vehicle Systems Europe, Vehicle Systems International, Weapon and Ammunition, Electronic Solutions, and Power Systems. Its main products and services include military land vehicles and related vehicle subsystems; weapons and ammunition systems; electronic defense solutions such as sensors, radar systems, air defense, cyberspace protection, drones, and automated ground robots; as well as automotive pumps, actuators, powertrain components, and subsystems for thermal and fluid management in mobility and industrial sectors. Rheinmetall also serves civilian markets with innovations in electrification and hydrogen technologies, including electric coolant pumps and hydrogen recirculation blowers for fuel cells. Headquartered in Düsseldorf, Germany, and founded in 1889, Rheinmetall operates globally with a significant presence in Europe, North America, Asia, and the Middle East. The company targets military customers worldwide, automotive manufacturers, and industrial clients. In recent developments, Rheinmetall has strategically expanded its footprint in the United States defense market by acquiring Loc Performance Products LLC, a vehicle specialist based in Plymouth, Michigan, for approximately $950 million. This acquisition, completed in December 2024, enhances Rheinmetall’s capacity to supply land vehicles to the US Department of Defense, supports participation in major US military vehicle programs including the XM30 infantry fighting vehicle prototype phase, and strengthens its industrial base and production capabilities in North America. Additionally, Rheinmetall continues to rollout new defense technologies, such as modular weapon stations, remote-controlled munitions, and advanced protection systems showcased at the 2024 Eurosatory defense exhibition. The company also opened Europe’s largest ammunition plant in Germany in 2025, with plans to scale artillery shell production significantly by 2027. Rheinmetall’s strategy integrates sustainability with an aim for CO2 neutrality by 2035, focusing on innovation across defense and civilian sectors while maintaining strong operational growth and industrial expansion globally. This description includes the core products and services, geographic reach, and latest major strategic developments including acquisitions and new technology launches as of 2024-2025.

Company News

  • Rheinmetall to invest €270 mln as Germany's Kassel becomes key tank hub

  • Rheinmetall: Strong Buy, The Market Is Missing The Bigger Picture

  • Rheinmetall CEO expects ATACMS revenues from 2028, Boxer deal by year-end

  • Rheinmetall Q2 Earnings Call Highlights

  • Rheinmetall stock volatile after trimming guidance as Germany's F126 warship cancellation hits sales outlook

  • Arms Maker Rheinmetall Trims Sales Guidance After Germany Scraps Frigate Project

  • Rheinmetall scales down 2026 sales outlook on scrapped frigate programme

  • Germany's Rheinmetall Flags Strong Quarter as Military Hardware Demand Stays Healthy

  • Rheinmetall posts record Q2 revenue growth, profit beats expectations

  • Rheinmetall assesses next steps on GNYK shipyard after TKMS pulls out, says CEO

  • Rheinmetall Stock: Don't Mistake Industrial Lag For Lack Of Demand

  • Rheinmetall, MBDA win German navy laser weapon contract

  • Rheinmetall freezes naval hiring plans after Germany scraps frigate programme

  • Lockheed Martin, Rheinmetall to jointly produce ATACMS missiles in Germany

  • Lockheed Martin and Rheinmetall Move Forward with ATACMS Co-Production in Europe

  • 'Electronic warfare is a tech phenomenon': Why the market is rethinking defense valuations

  • Rheinmetall: Headlines Create Opportunity (Upgrade To Strong Buy)

  • Rheinmetall stock: why Germany just dealt a major blow to its biggest defense firm

  • Rheinmetall shares sink after Berlin axes warship deal, shifting orders to TKMS

  • Rheinmetall Shares Slump After Reports That Germany Is Dropping Frigate Project