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	Apr '26 Apr 1, 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 Cap	187,522	171,773	98,639	215,665	203,364	200,980
Market Cap Growth	79.75%	74.14%	-54.26%	6.05%	1.19%	-28.55%
Enterprise Value	178,858	164,334	94,663	216,292	203,848	187,662
Last Close Price	186.45	173.44	98.07	214.28	202.12	199.95
PE Ratio	33.07	30.16	26.84	358.75	-17.38	158.18
Forward PE	23.27	23.85	13.37	59.50	-	35.48
PEG Ratio	0.60	0.59	0.22	-	8.49	27.20
PS Ratio	1.33	1.22	0.76	1.88	1.88	1.73
PB Ratio	6.47	5.95	3.75	9.54	8.96	5.77
P/TBV Ratio	48.40	45.02	28.07	71.48	66.81	43.03
P/FCF Ratio	17.14	15.70	7.96	50.59	-48.21	56.31
P/OCF Ratio	10.98	10.06	5.67	28.13	-139.94	28.27
EV/Sales Ratio	1.27	1.17	0.73	1.88	1.89	1.62
EV/EBITDA Ratio	13.74	21.68	15.99	99.21	-17.14	87.33
EV/EBIT Ratio	22.30	21.68	15.99	99.21	-17.14	87.33
EV/FCF Ratio	16.35	15.02	7.64	50.74	-48.33	52.58
Debt / Equity Ratio	0.87	0.87	0.92	1.11	0.79	0.16
Debt / EBITDA Ratio	3.32	3.32	4.12	11.60	-1.52	4.97
Debt / FCF Ratio	2.30	2.30	1.97	5.93	-4.29	2.99
Net Debt / Equity Ratio	-0.26	-0.26	-0.15	0.02	0.02	-0.23
Net Debt / EBITDA Ratio	-0.99	-0.99	-0.69	0.24	-0.03	-3.81
Net Debt / FCF Ratio	-0.69	-0.69	-0.33	0.12	-0.09	-2.29
Asset Turnover	0.75	0.75	0.73	0.72	0.73	0.82
Inventory Turnover	2.78	2.78	2.43	2.19	2.39	2.56
Quick Ratio	0.35	0.35	0.36	0.33	0.27	0.42
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)	3.03%	3.03%	2.36%	1.05%	-7.45%	0.98%
Return on Invested Capital (ROIC)	4.58%	4.58%	3.46%	1.54%	-11.19%	1.52%
Return on Capital Employed (ROCE)	11.25%	11.25%	8.99%	3.87%	-23.60%	4.17%
Earnings Yield	3.10%	3.32%	3.73%	0.28%	-5.75%	0.63%
FCF Yield	5.83%	6.37%	12.57%	1.98%	-2.07%	1.78%
Dividend Yield	0.39%	0.32%	0.00%	0.00%	0.18%	0.84%
Payout Ratio	9.51%	9.51%	0.00%	0.00%	-3.18%	170.15%
Buyback Yield / Dilution	0.62%	0.62%	-0.03%	-0.36%	0.18%	-2.54%
Total Shareholder Return	1.01%	0.94%	-0.03%	-0.36%	0.36%	-1.70%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.