Rheinmetall AG (ETR:RHM)

Rheinmetall AG Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	255	1,650	1,184	850	545	1,039
Short-Term Investments	-	41	81	65	19	17
Trading Asset Securities	-	-	-	-	132	162
Cash & Short-Term Investments	255	1,691	1,265	915	696	1,218
Cash Growth	-27.56%	33.68%	38.25%	31.47%	-42.86%	16.78%
Accounts Receivable	4,100	2,864	2,651	2,550	1,923	1,601
Other Receivables	16	194	170	97	139	86
Receivables	4,116	3,058	2,821	2,647	2,062	1,687
Inventory	6,248	4,721	3,989	3,244	1,976	1,651
Prepaid Expenses	-	63	54	48	38	33
Other Current Assets	1,785	1,368	102	238	406	393
Total Current Assets	12,404	10,901	8,231	7,092	5,178	4,982
Property, Plant & Equipment	2,861	1,935	1,661	1,421	1,189	1,135
Long-Term Investments	284	258	426	407	474	233
Goodwill	2,198	1,354	1,426	1,125	483	481
Other Intangible Assets	1,767	882	990	658	85	87
Long-Term Accounts Receivable	-	-	-	12	12	13
Long-Term Deferred Tax Assets	285	165	172	164	98	147
Long-Term Deferred Charges	-	560	569	429	352	307
Other Long-Term Assets	838	717	869	399	225	349
Total Assets	20,637	16,772	14,344	11,707	8,096	7,734

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,818	1,186	1,151	1,222	931	809
Accrued Expenses	-	416	349	353	317	248
Short-Term Debt	-	-	217	215	128	-
Current Portion of Long-Term Debt	1,740	73	282	149	287	176
Current Portion of Leases	-	53	53	46	39	39
Current Income Taxes Payable	168	200	118	108	67	87
Current Unearned Revenue	6,265	5,642	3,866	2,594	1,120	1,111
Other Current Liabilities	2,389	1,501	746	772	776	871
Total Current Liabilities	12,380	9,071	6,782	5,459	3,665	3,341
Long-Term Debt	1,238	902	1,597	1,277	345	525
Long-Term Leases	-	253	274	226	172	181
Pension & Post-Retirement Benefits	295	278	527	562	484	773
Long-Term Deferred Tax Liabilities	584	363	356	260	78	38
Other Long-Term Liabilities	372	290	344	280	262	255
Total Liabilities	14,869	11,157	9,880	8,064	5,006	5,113

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	120	118	112	112	112	112
Retained Earnings	3,259	3,520	3,203	2,718	2,364	2,049
Treasury Stock	-4	-4	-4	-5	-6	-9
Comprehensive Income & Other	1,596	1,377	739	491	349	266
Total Common Equity	4,971	5,011	4,050	3,316	2,819	2,418
Minority Interest	797	604	414	327	271	203
Shareholders' Equity	5,768	5,615	4,464	3,643	3,090	2,621
Total Liabilities & Equity	20,637	16,772	14,344	11,707	8,096	7,734

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2,978	1,281	2,423	1,913	971	921
Net Cash (Debt)	-2,723	410	-1,158	-998	-275	297
Net Cash Growth	-	-	-	-	-	1385.00%
Net Cash Per Share	-58.52	8.79	-24.82	-21.54	-6.34	6.86
Filing Date Shares Outstanding	46.67	46.4	43.44	43.42	43.38	43.3
Total Common Shares Outstanding	46.66	46.4	43.44	43.42	43.38	43.3
Working Capital	24	1,830	1,449	1,633	1,513	1,641
Book Value Per Share	106.55	108.01	93.24	76.37	64.98	55.84
Tangible Book Value	1,006	2,775	1,634	1,533	2,251	1,850
Tangible Book Value Per Share	21.56	59.81	37.62	35.31	51.89	42.72
Land	-	1,422	1,300	1,271	1,147	1,085
Machinery	-	2,063	3,288	2,906	2,608	2,463
Order Backlog	-	40,847	30,728	21,977	15,089	15,727

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 17, 2026

Data Sources Report a data error