Also trades as: IBDRY (OTC) · $vol 7M · IBE1.DE (XETRA) · $vol 0M · IBDSF (OTC) · $vol 0M · IBE1.BE (BER) · $vol 0M

€20.82 ($23.44)

+0.09 (+0.43%)

Weekly Expected Move ±2.0%

€20 €20 €21 €21 €22

BME · Utilities · Diversified Utilities · Tech Score Buy · Power 64 · €138.9B mcap · 6.30B float · 0.153% daily turnover

Revenue

$45.5B +1.8% ▲

5Y CAGR: +6.6%

Gross Profit

$11.6B -51.2% ▼

5Y CAGR: -6.3%

Operating Income

$10.3B +5.6% ▲

5Y CAGR: +13.1%

Net Income

$6.3B +12.0% ▲

5Y CAGR: +11.7%

EPS (Diluted)

$0.94 +8.0% ▲

5Y CAGR: +10.9%

EBITDA

$16.6B +14.0% ▲

5Y CAGR: +10.4%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$39.1B	$53.9B	$49.3B	$44.7B	$45.5B
YoY Growth	+18.0%	+37.9%	-8.6%	-9.3%	+1.8%
Cost of Revenue	$22.1B	$33.8B	$26.0B	$20.9B	$33.9B
Gross Profit	$17.1B	$20.2B	$23.3B	$23.9B	$11.6B
Gross Margin	43.6%	37.4%	47.2%	53.4%	25.6%
R&D Expenses	$337M	$363M	$0	$0	$0
SG&A Expenses	$2.9B	$3.6B	$4.0B	$1.0B	$0
Operating Expenses	$9.7B	$12.2B	$14.3B	$14.1B	$1.4B
Operating Income	$7.3B	$8.0B	$9.0B	$9.7B	$10.3B
Operating Margin	18.8%	14.8%	18.2%	21.7%	22.6%
Interest Expense	$1.2B	$1.9B	$2.4B	$2.2B	$4.3B
Income Before Tax	$6.3B	$6.3B	$7.0B	$8.1B	$8.5B
Tax Expense	$1.9B	$1.2B	$1.6B	$2.1B	$1.7B
Net Income	$3.9B	$4.3B	$4.8B	$5.6B	$6.3B
Net Margin	9.9%	8.0%	9.7%	12.5%	13.8%
EPS (Diluted)	$0.60	$0.64	$0.74	$0.87	$0.94
EBITDA	$11.8B	$12.8B	$13.9B	$14.6B	$16.6B
Shares Outstanding	6.45B	6.67B	6.45B	6.46B	6.68B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$10.5B	$22.1B	$12.9B	$9.9B	$11.1B	$11.7B	$12.0B	$10.5B
Cost of Revenue	$8.0B	$10.2B	$5.7B	$4.4B	$8.5B	$9.2B	$8.7B	$4.6B
Gross Profit	$2.5B	$11.9B	$7.2B	$5.5B	$2.6B	$2.5B	$3.3B	$5.8B
Gross Margin	23.4%	53.8%	56.0%	55.6%	23.2%	21.4%	27.5%	55.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$0	$0	$0	$0	$0
Operating Expenses	$244M	$9.0B	$3.9B	$3.3B	-$117M	$387M	$716M	$3.2B
Operating Income	$2.2B	$658M	$3.3B	$2.2B	$2.7B	$2.1B	$2.6B	$2.6B
Operating Margin	21.1%	3.0%	25.3%	22.4%	24.3%	18.1%	21.6%	25.2%
Interest Expense	$1.1B	-$801M	$1.1B	$1.2B	$1.3B	$686M	$1.2B	$1.1B
Income Before Tax	$1.9B	$199M	$2.8B	$2.1B	$2.1B	$1.5B	$2.1B	$2.0B
Tax Expense	$442M	$99M	$652M	$326M	$292M	$432M	$335M	$425M
Net Income	$1.3B	$141M	$2.0B	$1.6B	$1.7B	$978M	$1.7B	$2.6B
Net Margin	12.8%	0.6%	15.6%	15.8%	15.7%	8.4%	14.2%	25.1%
EPS (Diluted)	$0.22	$0.24	$0.31	$0.25	$0.28	$0.15	$0.26	$0.40
EBITDA	$4.4B	$6.1B	$5.3B	$4.7B	$4.8B	$4.2B	$4.1B	$4.5B
Shares Outstanding	6.18B	6.18B	6.46B	6.24B	6.24B	6.68B	6.57B	6.58B

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