Vestas Wind Systems A/S (CPH:VWS)
Denmark · Delayed Price · Currency is DKK 208.30
-4.20 (-1.98%)
Aug 21, 2026, 4:59 PM CET
Vestas Wind Systems Income Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 20,298 | 18,822 | 17,295 | 15,382 | 14,486 | 15,587 | |
Revenue Growth | 9.54% | 8.83% | 12.44% | 6.19% | -7.06% | 5.18% |
Cost of Revenue | 17,305 | 16,325 | 15,238 | 14,099 | 14,294 | 14,031 |
Gross Profit | 2,993 | 2,497 | 2,057 | 1,283 | 192 | 1,556 |
Selling, General & Admin | 1,013 | 1,006 | 938 | 876 | 791 | 739 |
Research & Development | 412 | 424 | 380 | 371 | 363 | 389 |
Operating Expenses | 1,425 | 1,430 | 1,318 | 1,247 | 1,154 | 1,128 |
Operating Income | 1,568 | 1,067 | 739 | 36 | -962 | 428 |
Interest Expense | -172 | -145 | -194 | -235 | -63 | -52 |
Interest & Investment Income | 195 | 195 | 157 | 205 | 37 | 19 |
Earnings From Equity Investments | 15 | 7 | -1 | 22 | 10 | 36 |
Currency Exchange Gain (Loss) | 15 | 15 | -20 | -99 | -70 | -45 |
Other Non Operating Income (Expenses) | -48 | -48 | -29 | -35 | -14 | -23 |
EBT Excluding Unusual Items | 1,573 | 1,091 | 652 | -106 | -1,062 | 363 |
Merger & Restructuring Charges | -52 | -52 | 53 | 61 | -444 | -139 |
Gain (Loss) on Sale of Assets | - | - | - | 147 | - | - |
Asset Writedown | -24 | - | - | - | -190 | - |
Other Unusual Items | -44 | - | - | - | - | - |
Pretax Income | 1,453 | 1,039 | 705 | 102 | -1,696 | 224 |
Income Tax Expense | 357 | 259 | 211 | 24 | -124 | 81 |
Earnings From Continuing Operations | 1,096 | 780 | 494 | 78 | -1,572 | 143 |
Minority Interest in Earnings | 7 | -2 | 5 | -1 | - | -9 |
Net Income | 1,103 | 778 | 499 | 77 | -1,572 | 134 |
Net Income to Common | 1,103 | 778 | 499 | 77 | -1,572 | 134 |
Net Income Growth | 44.75% | 55.91% | 548.05% | - | - | -82.48% |
Shares Outstanding (Basic) | 1,025 | 999 | 1,006 | 1,006 | 1,006 | 1,005 |
Shares Outstanding (Diluted) | 1,031 | 1,004 | 1,010 | 1,010 | 1,006 | 1,008 |
Shares Change | 5.01% | -0.62% | 0.03% | 0.36% | -0.18% | 2.54% |
EPS (Basic) | 1.08 | 0.78 | 0.50 | 0.08 | -1.56 | 0.13 |
EPS (Diluted) | 1.07 | 0.77 | 0.49 | 0.08 | -1.56 | 0.13 |
EPS Growth | 37.94% | 57.14% | 540.41% | - | - | -83.33% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,497 | 1,465 | 1,662 | 571 | -566 | 480 |
Free Cash Flow Per Share | 1.45 | 1.46 | 1.65 | 0.56 | -0.56 | 0.48 |
Dividend Per Share | 0.100 | 0.100 | 0.070 | - | - | 0.050 |
Dividend Growth | 42.86% | 42.86% | - | - | - | -78.26% |
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% |
Profit Margin | 5.43% | 4.13% | 2.89% | 0.50% | -10.85% | 0.86% |
Free Cash Flow Margin | 7.38% | 7.78% | 9.61% | 3.71% | -3.91% | 3.08% |
EBITDA | 2,086 | 1,501 | 1,132 | 428 | -556 | 887 |
EBITDA Margin | 10.28% | 7.98% | 6.54% | 2.78% | -3.84% | 5.69% |
D&A For EBITDA | 518 | 434 | 393 | 392 | 406 | 459 |
EBIT | 1,568 | 1,067 | 739 | 36 | -962 | 428 |
EBIT Margin | 7.72% | 5.67% | 4.27% | 0.23% | -6.64% | 2.75% |
Effective Tax Rate | 24.57% | 24.93% | 29.93% | 23.53% | - | 36.16% |