Vestas Wind Systems A/S (CPH:VWS)
Denmark flag Denmark · Delayed Price · Currency is DKK
174.55
-1.80 (-1.02%)
Jul 31, 2026, 4:59 PM CET

Vestas Wind Systems Financials Overview

Millions EUR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
19,32018,82217,29515,38214,48615,587
Revenue Growth
6.85%8.83%12.44%6.19%-7.06%5.18%
Gross Profit
2,6092,4972,0571,2831181,556
Operating Income
1,0871,015794292-1,596289
Net Income
85577849977-1,572134
Earnings Per Share
0.840.770.490.08-1.560.17
EPS Growth
50.00%57.14%512.50%---78.20%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Power Solutions
15,63515,05213,59811,81411,33113,103
Service
3,6853,7703,6973,5683,1552,484
Revenue (Total)
19,32018,82217,29515,38214,48615,587

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
4,3794,5483,9773,3212,3782,536
Total Debt
3,9443,3743,2713,3872,4271,436
Net Cash (Debt)
4351,174706-66-491,100
Net Cash Growth
65.40%66.29%----39.56%
Net Cash Per Share
0.431.170.70-0.07-0.051.09

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,9692,2862,3321,027-195956
Capital Expenditures
-760-821-670-456-371-476
Free Cash Flow
1,2091,4651,662571-566480
Free Cash Flow Growth
-48.99%-11.85%191.07%--31.87%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
13.50%13.27%11.89%8.34%0.81%9.98%
Operating Margin
5.63%5.39%4.59%1.90%-11.02%1.85%
Pretax Margin
5.82%5.52%4.08%0.66%-11.71%1.44%
Profit Margin
4.37%4.14%2.86%0.51%-10.85%0.92%
FCF Margin
6.26%7.78%9.61%3.71%-3.91%3.08%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.7470.1000.070--0.050
Dividend Per Share Growth
34.55%42.86%----78.26%
Dividend Yield
0.43%0.32%0.00%0.00%0.18%0.84%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
28.1630.1526.84358.74-158.17
Forward PE
19.1823.8513.3759.5088.3935.48
P/FCF Ratio
18.9815.707.9650.59-56.31
PS Ratio
1.191.220.761.881.881.73