Vestas Wind Systems Ratios and Metrics

Market cap in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 18, 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
Market Capitalization	158,128	171,738	98,967	216,269	203,140	200,880
Market Cap Growth	60.76%	73.53%	-54.24%	6.46%	1.13%	-30.53%
Enterprise Value	149,465	168,982	106,290	229,201	212,837	196,558
Last Close Price	159.75	173.40	97.47	212.97	200.85	198.42
PE Ratio	27.78	29.56	26.59	376.83	-	201.62
Forward PE	19.93	23.85	13.37	59.50	-	35.48
PS Ratio	1.12	1.22	0.77	1.89	1.89	1.73
PB Ratio	5.46	5.93	3.75	9.54	8.93	5.75
P/TBV Ratio	49.12	53.35	92.16	-	-	16.66
P/FCF Ratio	14.45	15.70	7.99	50.82	-	56.29
P/OCF Ratio	9.26	10.06	5.69	28.25	-	28.26
PEG Ratio	0.51	0.59	0.22	-	8.49	27.20
EV/Sales Ratio	1.06	1.20	0.82	2.00	1.98	1.70
EV/EBITDA Ratio	11.48	15.07	12.59	71.85	-	29.80
EV/EBIT Ratio	18.63	21.21	19.29	854.18	-	61.77
EV/FCF Ratio	13.66	15.44	8.57	53.85	-	55.08
Debt / Equity Ratio	0.87	0.87	0.92	1.11	0.79	0.31
Debt / EBITDA Ratio	1.94	1.94	2.48	5.75	-	1.39
Debt / FCF Ratio	2.30	2.30	1.97	5.93	-	2.99
Net Debt / Equity Ratio	-0.30	-0.30	-0.20	0.02	0.02	-0.23
Net Debt / EBITDA Ratio	-0.78	-0.78	-0.62	0.15	-0.09	-1.24
Net Debt / FCF Ratio	-0.80	-0.80	-0.42	0.12	-0.09	-2.29
Asset Turnover	0.75	0.75	0.73	0.72	0.73	0.83
Inventory Turnover	2.78	2.78	2.43	2.19	2.37	2.56
Quick Ratio	0.63	0.63	0.62	0.56	0.47	0.51
Current Ratio	1.00	1.00	1.04	1.06	1.01	1.01
Return on Equity (ROE)	21.02%	21.02%	15.01%	2.56%	-40.53%	3.04%
Return on Assets (ROA)	2.65%	2.65%	1.96%	0.11%	-3.03%	1.42%
Return on Invested Capital (ROIC)	27.60%	28.90%	17.42%	0.89%	-28.69%	8.43%
Return on Capital Employed (ROCE)	12.00%	12.00%	8.10%	0.40%	-14.60%	6.20%
Earnings Yield	3.67%	3.38%	3.76%	0.27%	-5.76%	0.50%
FCF Yield	6.92%	6.37%	12.52%	1.97%	-2.07%	1.78%
Dividend Yield	0.47%	0.43%	0.54%	-	-	0.19%
Payout Ratio	9.51%	9.51%	-	-	-	170.15%
Buyback Yield / Dilution	0.62%	0.62%	-0.03%	-0.36%	0.18%	-2.54%
Total Shareholder Return	1.10%	1.05%	0.50%	-0.36%	0.18%	-2.36%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.