NASDAQ : AEBI
Aebi Schmidt Holding AG — Financial statements
Industrials · Farm & Heavy Construction Machinery · Switzerland
Last price 11.34 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 880.02M
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Financial statements
Aebi Schmidt Holding AG (AEBI) reported revenue of 1.95B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 1.95B | 1.53B | 1.09B | 1.02B |
| Cost of Revenue | 1.57B | 1.22B | 857.72M | 808.92M |
| Gross Profit | 378.60M | 304.05M | 228.24M | 206.65M |
| Selling, General & Admin | 231.69M | 181.51M | 125.73M | 117.58M |
| Research & Development | 29.57M | 26.49M | 19.56M | 17.12M |
| Amortization of Goodwill & Intangibles | 32.63M | 23.32M | 14.09M | 13.89M |
| Other Operating Expenses | -1.43M | 531.00K | 1.44M | -456.00K |
| Operating Expenses | 292.47M | 231.85M | 160.81M | 148.15M |
| Operating Income | 86.13M | 72.20M | 67.42M | 58.51M |
| Interest Expense | -48.46M | -41.79M | -34.11M | -38.03M |
| Currency Exchange Gain (Loss) | 344.00K | -2.96M | 1.65M | -1.78M |
| Other Non Operating Income (Expenses) | 5.94M | 4.59M | 6.55M | -1.14M |
| EBT Excluding Unusual Items | 43.95M | 32.03M | 41.51M | 17.56M |
| Merger & Restructuring Charges | -9.05M | -14.77M | -4.40M | |
| Other Unusual Items | -6.05M | -6.08M | 4.56M | -212.00K |
| Pretax Income | 28.04M | 11.19M | 41.66M | 17.35M |
| Income Tax Expense | 6.92M | 1.49M | 10.93M | 6.15M |
| Earnings From Continuing Operations | 21.11M | 9.71M | 30.74M | 11.20M |
| Minority Interest in Earnings | 68.00K | 33.00K | -55.00K | |
| Net Income | 21.18M | 9.74M | 30.68M | 11.20M |
| Net Income to Common | 21.18M | 9.74M | 30.68M | 11.20M |
| Shares Outstanding (Basic) | 77.06M | 58.66M | 40.36M | 40.34M |
| Shares Outstanding (Diluted) | 77.34M | 58.78M | 40.36M | 40.34M |
| EPS (Basic) | 0.27 | 0.17 | 0.76 | 0.28 |
| EPS (Diluted) | 0.27 | 0.17 | 0.76 | 0.28 |
| Free Cash Flow | 5.95M | -5.23M | 55.17M | 18.36M |
| Free Cash Flow Per Share | 0.08 | -0.09 | 1.37 | 0.46 |
| Dividend Per Share | 0.10 | 0.05 | ||
| Gross Margin | 19.40% | 19.92% | 21.02% | 20.35% |
| Operating Margin | 4.41% | 4.73% | 6.21% | 5.76% |
| Profit Margin | 1.08% | 0.64% | 2.83% | 1.10% |
| Free Cash Flow Margin | 0.30% | -0.34% | 5.08% | 1.81% |
| EBITDA | 145.23M | 116.40M | 93.84M | 85.67M |
| EBITDA Margin | 7.44% | 7.62% | 8.64% | 8.44% |
| D&A For EBITDA | 59.10M | 44.20M | 26.41M | 27.16M |
| EBIT | 86.13M | 72.20M | 67.42M | 58.51M |
| EBIT Margin | 4.41% | 4.73% | 6.21% | 5.76% |
| Effective Tax Rate | 24.70% | 13.28% | 26.23% | 35.44% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 109.73M | 98.51M | 65.17M | 42.70M |
| Cash & Short-Term Investments | 109.73M | 98.51M | 65.17M | 42.70M |
| Receivables | 369.13M | 393.10M | 198.10M | 211.96M |
| Inventory | 380.15M | 346.42M | 231.40M | 245.51M |
| Prepaid Expenses | 38.01M | 39.70M | 23.49M | 19.96M |
| Total Current Assets | 897.03M | 877.73M | 518.16M | 520.12M |
| Property, Plant & Equipment | 331.34M | 335.06M | 131.71M | 141.15M |
| Goodwill | 409.09M | 403.15M | 221.19M | 221.19M |
| Other Intangible Assets | 320.26M | 334.73M | 175.32M | 188.51M |
| Long-Term Deferred Tax Assets | 5.69M | 5.91M | 5.69M | 5.55M |
| Other Long-Term Assets | 52.30M | 51.70M | 36.04M | 34.26M |
| Total Assets | 2.02B | 2.01B | 1.09B | 1.11B |
| Accounts Payable | 207.28M | 234.64M | 93.63M | 100.07M |
| Accrued Expenses | 30.39M | 36.96M | 23.20M | 21.56M |
| Current Portion of Long-Term Debt | 65.76M | 45.63M | 23.26M | 25.12M |
| Current Portion of Leases | 18.84M | 20.13M | 9.24M | 8.89M |
| Current Unearned Revenue | 26.79M | 19.86M | 20.04M | 12.98M |
| Other Current Liabilities | 103.54M | 104.03M | 97.84M | 98.87M |
| Total Current Liabilities | 452.60M | 461.25M | 267.22M | 267.49M |
| Long-Term Debt | 549.50M | 546.97M | 376.59M | 413.62M |
| Long-Term Leases | 152.47M | 145.48M | 52.75M | 62.02M |
| Long-Term Deferred Tax Liabilities | 22.03M | 24.32M | 18.34M | 23.26M |
| Other Long-Term Liabilities | 14.81M | 15.31M | 8.05M | 6.43M |
| Total Liabilities | 1.19B | 1.19B | 722.95M | 772.82M |
| Common Stock | 77.22M | 77.00M | 40.35M | 50.79M |
| Additional Paid-In Capital | 654.23M | 652.42M | 232.28M | 221.84M |
| Retained Earnings | 64.86M | 57.55M | 61.25M | 33.79M |
| Treasury Stock | -257.00K | -257.00K | -257.00K | |
| Comprehensive Income & Other | 28.25M | 28.18M | 31.47M | 31.53M |
| Total Common Equity | 824.30M | 814.90M | 365.09M | 337.96M |
| Minority Interest | -10.00K | 50.00K | 83.00K | 3.00K |
| Shareholders' Equity | 824.29M | 814.95M | 365.18M | 337.96M |
| Total Liabilities & Equity | 2.02B | 2.01B | 1.09B | 1.11B |
| Total Debt | 786.57M | 758.22M | 461.84M | 509.65M |
| Net Cash (Debt) | -676.84M | -659.70M | -396.67M | -466.95M |
| Net Cash Per Share | -8.75 | -11.22 | -9.83 | -11.57 |
| Filing Date Shares Outstanding | 77.60M | 77.44M | 40.35M | 40.34M |
| Total Common Shares Outstanding | 77.22M | 77.00M | 40.35M | 40.34M |
| Working Capital | 444.43M | 416.48M | 250.94M | 252.63M |
| Book Value Per Share | 10.68 | 10.58 | 9.05 | 8.38 |
| Tangible Book Value | 94.95M | 77.03M | -31.42M | -71.74M |
| Tangible Book Value Per Share | 1.23 | 1.00 | -0.78 | -1.78 |
| Land | 136.63M | 135.76M | 69.12M | 68.43M |
| Machinery | 149.50M | 147.71M | 98.25M | 93.47M |
| Construction In Progress | 6.30M | 8.47M | 2.35M | 4.68M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 21.18M | 9.74M | 30.68M | 11.20M |
| Depreciation & Amortization | 59.10M | 44.20M | 26.41M | 27.16M |
| Stock-Based Compensation | 3.39M | 814.00K | 3.45M | 2.56M |
| Other Operating Activities | 2.56M | 2.50M | -16.71M | -3.47M |
| Change in Accounts Receivable | -29.84M | -53.08M | 8.32M | -29.35M |
| Change in Inventory | -2.94M | -4.92M | 14.02M | -11.12M |
| Change in Accounts Payable | 2.00M | 55.36M | -3.56M | 10.03M |
| Change in Unearned Revenue | -501.00K | -11.71M | 8.11M | 7.88M |
| Change in Income Taxes | -8.11M | -8.34M | 3.38M | 5.28M |
| Change in Other Net Operating Assets | -27.28M | -25.59M | -5.32M | 9.90M |
| Operating Cash Flow | 19.56M | 8.97M | 68.77M | 30.09M |
| Capital Expenditures | -13.61M | -14.21M | -13.60M | -11.73M |
| Sale of Property, Plant & Equipment | 1.12M | 699.00K | 63.00K | 338.00K |
| Cash Acquisitions | 19.37M | 19.37M | 4.44M | -10.05M |
| Sale (Purchase) of Intangibles | -2.00K | -36.00K | -17.00K | -185.00K |
| Investing Cash Flow | 6.87M | 5.82M | -9.11M | -21.63M |
| Long-Term Debt Issued | 612.00M | |||
| Long-Term Debt Repaid | -574.51M | -24.81M | -20.50M | |
| Net Debt Issued (Repaid) | 32.11M | 37.49M | -24.81M | -20.50M |
| Issuance of Common Stock | 224.00K | |||
| Repurchase of Common Stock | -257.00K | |||
| Common Dividends Paid | -7.87M | -13.44M | -3.23M | -2.07M |
| Other Financing Activities | -4.12M | -7.70M | -7.14M | |
| Financing Cash Flow | 20.12M | 16.35M | -35.43M | -22.35M |
| Foreign Exchange Rate Adjustments | -396.00K | 2.19M | -1.75M | 116.00K |
| Net Cash Flow | 46.16M | 33.34M | 22.48M | -13.77M |
| Free Cash Flow | 5.95M | -5.23M | 55.17M | 18.36M |
| Free Cash Flow Margin | 0.30% | -0.34% | 5.08% | 1.81% |
| Free Cash Flow Per Share | 0.08 | -0.09 | 1.37 | 0.46 |
| Levered Free Cash Flow | -75.09M | -115.68M | 62.75M | |
| Unlevered Free Cash Flow | -44.80M | -89.56M | 84.06M | |
| Cash Interest Paid | 45.33M | 40.32M | 33.80M | 37.79M |
| Cash Income Tax Paid | 16.72M | 16.72M | 13.40M | 6.06M |
| Change in Working Capital | -66.67M | -48.28M | 24.94M | -7.37M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 880.02M | 978.37M | ||
| Enterprise Value | 1.56B | 1.67B | ||
| Last Close Price | 11.34 | 12.58 | ||
| PE Ratio | 41.29 | 100.46 | ||
| Forward PE | 11.45 | 15.43 | ||
| PS Ratio | 0.45 | 0.64 | ||
| PB Ratio | 1.06 | 1.20 | ||
| P/TBV Ratio | 9.27 | 12.70 | ||
| P/OCF Ratio | 45.00 | 109.05 | ||
| EV/Sales Ratio | 0.80 | 1.09 | ||
| EV/EBITDA Ratio | 10.72 | 14.31 | ||
| EV/EBIT Ratio | 18.08 | 23.08 | ||
| Debt / Equity Ratio | 0.95 | 0.93 | 1.26 | 1.51 |
| Debt / EBITDA Ratio | 4.47 | 5.48 | 4.33 | 5.28 |
| Debt / FCF Ratio | 132.22 | 8.37 | 27.76 | |
| Net Debt / Equity Ratio | 0.82 | 0.81 | 1.09 | 1.38 |
| Net Debt / EBITDA Ratio | 4.66 | 5.67 | 4.23 | 5.45 |
| Net Debt / FCF Ratio | 113.77 | -126.07 | 7.19 | 25.43 |
| Asset Turnover | 1.21 | 0.99 | 0.99 | |
| Inventory Turnover | 4.64 | 4.23 | 3.60 | |
| Quick Ratio | 1.06 | 1.07 | 0.98 | 0.95 |
| Current Ratio | 1.98 | 1.90 | 1.94 | 1.94 |
| Return on Equity (ROE) | 3.57% | 1.65% | 8.74% | |
| Return on Assets (ROA) | 3.33% | 2.92% | 3.83% | |
| Return on Invested Capital (ROIC) | 4.33% | 5.60% | 6.35% | 4.69% |
| Return on Capital Employed (ROCE) | 5.50% | 4.70% | 8.20% | 6.90% |
| Earnings Yield | 2.42% | 1.00% | ||
| FCF Yield | 0.68% | -0.53% | ||
| Dividend Yield | 0.88% | 0.39% | ||
| Payout Ratio | 36.41% | 137.95% | 10.51% | 18.48% |
| Buyback Yield / Dilution | -91.64% | -45.63% | -0.06% | |
| Total Shareholder Return | -90.75% | -45.24% | -0.06% |