Also trades as: 0QWN.L (LSE) · $vol 3M · 0QWN.IL (IOB) · $vol 3M · FNCNF (OTC) · $vol 0M

€12.12 ($13.64)

-0.24 (-1.98%)

Weekly Expected Move ±5.2%

€11 €11 €12 €13 €13

MIL · Industrials · Aerospace & Defense · Tech Score Neutral · Power 50 · €4.3B mcap · 104M float · 2.68% daily turnover

Revenue

$9.2B +15.6% ▲

5Y CAGR: +9.7%

Gross Profit

$415M -75.5% ▼

5Y CAGR: -17.0%

Operating Income

$368M +445.6% ▲

Net Income

$117M +256.3% ▲

EPS (Diluted)

$0.36 +157.1% ▲

EBITDA

$681M +22.1% ▲

5Y CAGR: +104.5%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$6.8B	$7.3B	$7.4B	$8.0B	$9.2B
YoY Growth	+17.6%	+8.1%	+1.3%	+6.8%	+15.6%
Cost of Revenue	$5.3B	$6.0B	$5.9B	$6.3B	$8.8B
Gross Profit	$1.5B	$1.3B	$1.5B	$1.7B	$415M
Gross Margin	21.9%	18.2%	20.8%	21.3%	4.5%
R&D Expenses	$182M	$187M	$170M	$216M	$0
SG&A Expenses	$1.1B	$1.2B	$1.3B	$1.4B	$0
Operating Expenses	$1.3B	$502M	$1.4B	$1.7B	$47M
Operating Income	$297M	-$151M	$110M	$67M	$368M
Operating Margin	4.4%	-2.1%	1.5%	0.8%	4.0%
Interest Expense	$84M	$102M	$229M	$255M	$173M
Income Before Tax	$80M	-$331M	-$64M	$36M	$162M
Tax Expense	$58M	-$7M	-$11M	$8M	$45M
Net Income	$22M	-$309M	-$53M	$33M	$117M
Net Margin	0.3%	-4.2%	-0.7%	0.4%	1.3%
EPS (Diluted)	$0.01	$-0.19	$-0.24	$0.14	$0.36
EBITDA	$383M	$4M	$395M	$558M	$681M
Shares Outstanding	1.72B	1.70B	219M	239M	323M

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$1.9B	$1.9B	$2.4B	$2.3B	$2.3B	$4.7B	$2.2B	$4.4B
Cost of Revenue	$1.4B	$2.8B	$596M	$1.7B	$1.7B	$6.6B	$1.7B	$4.4B
Gross Profit	$473M	-$919M	$1.8B	$542M	$542M	-$1.9B	$526M	$2M
Gross Margin	24.8%	-47.9%	74.8%	23.8%	23.8%	-41.0%	23.7%	0.0%
R&D Expenses	$5M	$10M	$216M	$6M	$6M	$0	$7M	$7M
SG&A Expenses	$362M	$709M	$1.4B	$393M	$393M	$63M	$413M	$39M
Operating Expenses	$70M	$719M	$1.6B	$399M	$399M	$19M	$419M	$18M
Operating Income	-$3M	-$1.6B	$128M	$143M	$143M	-$1.9B	$107M	-$16M
Operating Margin	-0.2%	-85.3%	5.4%	6.3%	6.3%	-41.4%	4.8%	-0.4%
Interest Expense	$65M	$0	$120M	$31M	$0	$86M	$0	$73M
Income Before Tax	-$4M	$24M	$36M	$31M	$31M	$101M	$72M	$145M
Tax Expense	$4M	-$3M	$8M	$13M	$13M	$19M	$21M	$43M
Net Income	-$7M	$24M	$33M	$19M	$19M	$85M	$53M	$106M
Net Margin	-0.4%	1.3%	1.4%	0.8%	0.8%	1.8%	2.4%	2.4%
EPS (Diluted)	$-0.04	$0.14	$0.10	$0.06	$0.06	$0.25	$0.14	$0.30
EBITDA	$232M	-$38M	$245M	$154M	$154M	-$1.8B	$167M	$127M
Shares Outstanding	170M	169M	323M	336M	336M	334M	366M	345M

FCT.MI MIL