Vestas Wind Systems A/S (CPH:VWS)
Denmark flag Denmark · Delayed Price · Currency is DKK
208.30
-4.20 (-1.98%)
Aug 21, 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 EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
20,29818,82217,29515,38214,48615,587
Revenue Growth
9.54%8.83%12.44%6.19%-7.06%5.18%
Gross Profit
2,9932,4972,0571,2831921,556
Operating Income
1,5681,06773936-962428
Net Income
1,10377849977-1,572134
Earnings Per Share
1.070.770.490.08-1.560.13
EPS Growth
37.94%57.14%540.41%---83.33%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Power Solutions
16,66515,05213,59811,81411,33113,103
Service
3,6333,7703,6973,5683,1552,484
Revenue (Total)
20,29818,82217,29515,38214,48615,587

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
3,6274,5483,9773,3212,3782,536
Total Debt
3,5353,3743,2713,3872,4271,436
Net Cash (Debt)
921,174706-66-491,100
Net Cash Growth
-66.29%----39.56%
Net Cash Per Share
0.091.170.70-0.07-0.051.09

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,2682,2862,3321,027-195956
Capital Expenditures
-771-821-670-456-371-476
Free Cash Flow
1,4971,4651,662571-566480
Free Cash Flow Growth
-7.54%-11.85%191.07%--31.87%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
14.74%13.27%11.89%8.34%1.32%9.98%
Operating Margin
7.72%5.67%4.27%0.23%-6.64%2.75%
Pretax Margin
7.16%5.52%4.08%0.66%-11.71%1.44%
Profit Margin
5.43%4.13%2.89%0.50%-10.85%0.86%
FCF Margin
7.38%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
0.35%0.43%0.54%--0.19%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
26.6829.5626.59376.83-201.62
Forward PE
19.3823.8513.3759.5088.3935.48
P/FCF Ratio
18.6615.707.9950.82-56.29
PS Ratio
1.381.220.771.891.891.73