Rheinmetall AG Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Operating Revenue	9,935	7,715	7,176	6,410	5,658
Revenue	9,935	7,715	7,176	6,410	5,658
Revenue Growth (YoY)	28.78%	7.51%	11.95%	13.29%	4.68%
Cost of Revenue	4,731	3,561	3,239	3,030	2,628
Gross Profit	5,204	4,154	3,937	3,380	3,030
Selling, General & Admin	2,324	1,850	2,056	1,843	1,643
Other Operating Expenses	821	690	721	552	526
Operating Expenses	3,534	2,824	3,079	2,644	2,405
Operating Income	1,670	1,330	858	736	625
Interest Expense	-116	-116	-111	-32	-31
Interest & Investment Income	4	14	29	12	4
Earnings From Equity Investments	47	-33	57	39	11
Other Non Operating Income (Expenses)	-23	-8	-4	-45	-14
EBT Excluding Unusual Items	1,582	1,187	829	710	595
Merger & Restructuring Charges	-	-	-	-1	-
Gain (Loss) on Sale of Investments	15	-	-	-	-
Gain (Loss) on Sale of Assets	-8	-19	-8	8	2
Asset Writedown	-17	-	-6	-	-15
Pretax Income	1,572	1,168	815	717	582
Income Tax Expense	396	328	185	183	150
Earnings From Continuing Operations	1,176	840	630	534	432
Earnings From Discontinued Operations	-332	-30	-44	6	-100
Net Income to Company	844	810	586	540	332
Minority Interest in Earnings	-148	-93	-51	-66	-41
Net Income	696	717	535	474	291
Net Income to Common	696	717	535	474	291
Net Income Growth	-2.93%	34.02%	12.87%	62.89%	-
Shares Outstanding (Basic)	45	43	43	43	43
Shares Outstanding (Diluted)	47	47	46	43	43
Shares Change (YoY)	-	0.69%	6.87%	0.18%	0.26%
EPS (Basic)	15.38	16.51	12.32	10.93	6.72
EPS (Diluted)	15.17	15.97	12.06	10.93	6.72
EPS Growth	-4.97%	32.36%	10.35%	62.59%	-
Free Cash Flow	1,415	988	345	-175	419
Free Cash Flow Per Share	30.33	21.17	7.45	-4.04	9.68
Dividend Per Share	11.500	8.100	5.700	4.300	3.300
Dividend Growth	41.98%	42.10%	32.56%	30.30%	65.00%
Gross Margin	52.38%	53.84%	54.86%	52.73%	53.55%
Operating Margin	16.81%	17.24%	11.96%	11.48%	11.05%
Profit Margin	7.01%	9.29%	7.46%	7.40%	5.14%
Free Cash Flow Margin	14.24%	12.81%	4.81%	-2.73%	7.41%
EBITDA	2,020	1,573	1,113	922	802
EBITDA Margin	20.33%	20.39%	15.51%	14.38%	14.17%
D&A For EBITDA	350	243	255	186	177
EBIT	1,670	1,330	858	736	625
EBIT Margin	16.81%	17.24%	11.96%	11.48%	11.05%
Effective Tax Rate	25.19%	28.08%	22.70%	25.52%	25.77%

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