SMA Solar Technology AG

SMA Solar Technology AG

50.70
EUR
-2.25
(-4.25%)
-1.90EPS
2.19BMarket Cap
Nov 12Next Earn
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
26.87
23.21
28.29
27.28
25.68
21.93
26.37
29.58
28.34
30.72
54.87
44.09
43.69
43.74
Basic EPS, GAAP
-1.92
-5.16
0.41
0.85
0.87
-5.06
-0.25
0.81
-0.67
1.61
6.5
-3.39
-5.22
-1.9
Free Cash Flow per Basic Share
-1.6
-2.97
1.61
3.33
2.41
-2.73
-0.83
-2.02
1.35
-0.96
1.63
-6.19
2.68
2.85
Dividend per Share
0.6
- -
- -
0.14
0.26
0.35
- -
- -
0.3
- -
- -
0.5
- -
- -
Book Value per Share
20.87
15.91
16.43
16.86
17.62
12.23
12.01
12.66
11.76
13.36
19.77
15.95
10.53
12.72
Tangible Book Value per Share
18.22
13.32
13.8
14.75
15.58
11.19
10.94
11.38
9.95
10.8
16.39
12.47
7.77
10.06
Basic Weighted Avg Shares
35
35
35
35
35
35
35
35
35
35
35
35
35
35
Sales/Revenue/Turnover
933
805
982
947
891
761
915
1,027
983
1,066
1,904
1,530
1,516
1,518
Operating Margin (%)
-9.56
-21.29
3.93
6.68
2.43
-13.01
-0.45
3.52
-3.14
3.86
14.46
-3.98
-9.45
-4.07
Depreciation Expense
84
106
78
77
53
83
46
44
42
38
41
77
123
121
Net Income, GAAP
-67
-179
14
30
30
-175
-9
28
-23
56
226
-118
-181
-66
Effective Tax Rate (%)
- -
- -
39.89
50.92
30.58
- -
- -
- -
- -
- -
16.58
- -
- -
- -
Profit Margin (%)
-7.14
-22.23
1.46
3.13
3.38
-23.06
-0.94
2.74
-2.36
5.24
11.85
-7.69
-11.95
-4.35
Working Capital
453
348
381
452
538
386
377
381
367
341
541
363
195
247
LT Debt
47
43
27
21
18
15
23
30
- -
- -
- -
- -
- -
- -
Total Equity
724
552
570
585
612
424
417
439
408
464
686
553
366
441
Return on Invested Capital (%)
- -
- -
4.12
5.02
4.76
- -
- -
- -
- -
- -
39.19
- -
- -
- -
Return on Capital (%)
- -
- -
2.85
5.06
4.94
- -
- -
- -
- -
- -
39.96
- -
- -
- -
Return on Common Equity (%)
-8.62
-28.05
2.55
5.12
5.04
-33.88
-2.05
6.56
-5.47
12.81
39.26
-19
-39.43
-13.94

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
35
35
35
Market Capitalization
1,183
1,622
2,195

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
814
808
878
Cash, Cash Equivalents & STI
201
129
242
Accounts Receivable, Net
184
242
192
Inventories
322
360
370
Total Current Liabilities
619
600
631
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.87%
0.25%
-33.94%
Free Cash Flow
-129.13%
-246.34%
-143.33%
Net Income, GAAP
-141.14%
-63.48%
53.86%
Sales/Revenue/Turnover
7.07%
12.45%
-0.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
362
398
300
470
1,530
2025
328
357
450
381
1,516
2026
341
346
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.82
0.45
-0.27
-4.39
-3.39
2025
0.16
-1.38
-2.94
-1.05
-5.22
2026
-0.05
2.14
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jürgen Reinert
Full Time Employees
3,674
Sector
Producer manufacturing
Industry
Electrical products
Address
Sonnenallee 1 Niestetal HE Germany 34266
IPO Date
Jun 27, 2008
Website
sma.de
Business
SMA Solar Technology AG, a leading global specialist in photovoltaic and storage system technology, develops and manufactures solar inverters, battery inverters, hybrid inverters, energy storage solutions, system packages, solar batteries, DC technology components, e-mobility charging solutions including the SMA eCharger, energy management systems, monitoring and control tools, and digital apps for residential, commercial & industrial, and large-scale PV power plants; the company operates through home solutions, commercial & industrial solutions, and large-scale & project solutions segments serving private households, businesses, and utility-scale projects worldwide with sales and service subsidiaries in 20 countries across EMEA, Americas, and Asia-Pacific. Founded in 1981 and headquartered in Niestetal, Germany, SMA maintains over 4,000 employees and reported 2023 sales of EUR 1.9 billion with a strong order backlog exceeding EUR 2.5 billion as of Q3 2025. Recent developments include a September 2025 strategic partnership with Create Energy via memorandum of understanding to localize manufacturing of string inverters and skids for utility-scale PV systems in the United States, enhancing market penetration amid U.S. renewable energy growth; expansion of its restructuring and transformation program initiated in September 2024 with additional EUR 100 million in annual savings targeted through approximately 350 job reductions by end-2026, product portfolio realignment, production internationalization in Poland and India, and focus on core competencies in cybersecurity, quality, and service; new product launches such as the Sunny Tripower 125 for commercial installations, SMA Commercial Storage Solution, Sunny Central FLEX container for power plants, and Medium Voltage Power Station-9200 for BESS and PV plants; and recognition including 6th place in the 2025 Global 100 Most Sustainable Companies, DLG Image Barometer top ranking in renewables, and The smarter E Award 2024.

Company News

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