NASDAQ : ERIC
Telefonaktiebolaget LM Ericsson (publ) — Financial statements
Technology · Communication Equipment · Sweden
Last price 11.18 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 36.18B
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Financial statements
Telefonaktiebolaget LM Ericsson (publ) (ERIC) reported revenue of 230.78B SEK (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in SEK.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 230.78B | 236.68B | 247.88B | 263.35B | 271.55B | 232.31B |
| Cost of Revenue | 119.97B | 122.74B | 136.47B | 158.95B | 158.06B | 131.29B |
| Gross Profit | 110.81B | 113.94B | 111.41B | 104.40B | 113.49B | 101.02B |
| Selling, General & Admin | 31.56B | 33.88B | 38.86B | 38.45B | 35.47B | 27.07B |
| Research & Development | 46.54B | 48.20B | 50.20B | 48.23B | 47.18B | 41.94B |
| Other Operating Expenses | -278.00M | -262.00M | -143.00M | -300.00M | 1.25B | 497.00M |
| Operating Expenses | 77.80B | 81.58B | 89.17B | 86.65B | 83.94B | 69.54B |
| Operating Income | 33.01B | 32.37B | 22.24B | 17.75B | 29.55B | 31.48B |
| Interest Expense | -2.06B | -2.04B | -2.91B | -2.75B | -1.44B | -951.00M |
| Interest & Investment Income | 2.33B | 2.32B | 2.52B | 1.90B | 717.00M | 360.00M |
| Earnings From Equity Investments | -214.00M | 54.00M | -246.00M | 124.00M | 17.00M | -260.00M |
| Currency Exchange Gain (Loss) | -781.00M | 235.00M | -355.00M | -1.02B | -1.26B | -1.55B |
| Other Non Operating Income (Expenses) | -169.00M | -170.00M | -330.00M | -607.00M | -72.00M | -130.00M |
| EBT Excluding Unusual Items | 32.11B | 32.77B | 20.91B | 15.40B | 27.52B | 28.95B |
| Merger & Restructuring Charges | -6.36B | -2.34B | -5.01B | -6.56B | -896.00M | -560.00M |
| Impairment of Goodwill | -1.26B | -31.90B | -112.00M | |||
| Gain (Loss) on Sale of Investments | -19.00M | -19.00M | -184.00M | 504.00M | -100.00M | 730.00M |
| Gain (Loss) on Sale of Assets | 367.00M | 7.97B | 31.00M | -772.00M | 387.00M | 241.00M |
| Asset Writedown | -77.00M | -77.00M | -13.80B | |||
| Legal Settlements | 1.90B | |||||
| Other Unusual Items | -2.30B | |||||
| Pretax Income | 26.02B | 38.30B | 2.59B | -23.32B | 24.61B | 29.25B |
| Income Tax Expense | 6.69B | 9.59B | 2.21B | 2.79B | 5.50B | 6.27B |
| Earnings From Continuing Operations | 19.33B | 28.71B | 374.00M | -26.10B | 19.11B | 22.98B |
| Minority Interest in Earnings | -28.00M | -286.00M | -354.00M | -342.00M | -388.00M | -286.00M |
| Net Income | 19.30B | 28.43B | 20.00M | -26.45B | 18.72B | 22.69B |
| Net Income to Common | 19.30B | 28.43B | 20.00M | -26.45B | 18.72B | 22.69B |
| Shares Outstanding (Basic) | 3.31B | 3.33B | 3.33B | 3.33B | 3.33B | 3.33B |
| Shares Outstanding (Diluted) | 3.32B | 3.34B | 3.34B | 3.33B | 3.33B | 3.33B |
| EPS (Basic) | 5.83 | 8.53 | 0.01 | -7.94 | 5.62 | 6.82 |
| EPS (Diluted) | 5.82 | 8.51 | 0.01 | -7.94 | 5.62 | 6.81 |
| Free Cash Flow | 29.36B | 30.32B | 43.92B | 3.88B | 26.39B | 35.40B |
| Free Cash Flow Per Share | 8.84 | 9.07 | 13.15 | 1.17 | 7.91 | 10.62 |
| Dividend Per Share | 3.00 | 3.00 | 2.85 | 2.70 | 2.70 | 2.50 |
| Gross Margin | 48.01% | 48.14% | 44.95% | 39.64% | 41.79% | 43.48% |
| Operating Margin | 14.30% | 13.68% | 8.97% | 6.74% | 10.88% | 13.55% |
| Profit Margin | 8.36% | 12.01% | 0.01% | -10.04% | 6.89% | 9.77% |
| Free Cash Flow Margin | 12.72% | 12.81% | 17.72% | 1.47% | 9.72% | 15.24% |
| EBITDA | 37.27B | 37.43B | 28.60B | 25.35B | 35.66B | 36.32B |
| EBITDA Margin | 16.15% | 15.82% | 11.54% | 9.62% | 13.13% | 15.63% |
| D&A For EBITDA | 4.26B | 5.07B | 6.36B | 7.59B | 6.11B | 4.84B |
| EBIT | 33.01B | 32.37B | 22.24B | 17.75B | 29.55B | 31.48B |
| EBIT Margin | 14.30% | 13.68% | 8.97% | 6.74% | 10.88% | 13.55% |
| Effective Tax Rate | 25.72% | 25.03% | 85.55% | 22.34% | 21.44% |
Balance sheet
Fiscal year January - December; amounts in SEK.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 51.09B | 43.93B | 43.88B | 35.19B | 38.35B | 54.05B |
| Short-Term Investments | 7.70B | 12.71B | 12.55B | 9.58B | 8.74B | 12.93B |
| Trading Asset Securities | 1.00M | |||||
| Cash & Short-Term Investments | 58.78B | 56.64B | 56.43B | 44.77B | 47.09B | 66.98B |
| Accounts Receivable | 49.61B | 48.51B | 55.41B | 55.78B | 63.21B | 58.62B |
| Other Receivables | 11.26B | 9.58B | 12.45B | 13.83B | 13.56B | 11.00B |
| Receivables | 60.88B | 58.09B | 67.86B | 69.61B | 76.77B | 69.63B |
| Inventory | 35.40B | 23.45B | 27.12B | 36.07B | 45.85B | 35.16B |
| Prepaid Expenses | 2.51B | 2.39B | 2.66B | 2.55B | 2.51B | 2.29B |
| Other Current Assets | 42.00M | 2.98B | 232.00M | 1.98B | 1.59B | 743.00M |
| Total Current Assets | 157.61B | 143.55B | 154.31B | 154.99B | 173.80B | 174.81B |
| Property, Plant & Equipment | 16.01B | 15.53B | 17.03B | 18.52B | 22.11B | 21.53B |
| Long-Term Investments | 42.73B | 40.71B | 22.65B | 13.17B | 12.37B | 33.83B |
| Goodwill | 50.65B | 46.88B | 56.08B | 52.94B | 84.57B | 38.20B |
| Other Intangible Assets | 5.03B | 5.63B | 7.95B | 22.67B | 26.34B | 3.83B |
| Long-Term Accounts Receivable | 6.00M | 238.00M | 190.00M | 1.35B | 415.00M | 568.00M |
| Long-Term Deferred Tax Assets | 18.51B | 16.85B | 24.41B | 22.38B | 19.39B | 23.11B |
| Long-Term Deferred Charges | 3.61B | 3.87B | 4.59B | 4.68B | 3.71B | 3.53B |
| Other Long-Term Assets | 7.34B | 5.96B | 5.16B | 6.35B | 6.84B | 6.22B |
| Total Assets | 301.50B | 279.22B | 292.37B | 297.04B | 349.54B | 305.61B |
| Accounts Payable | 30.38B | 26.34B | 30.17B | 27.77B | 38.44B | 35.68B |
| Accrued Expenses | 30.60B | 33.38B | 27.64B | 36.87B | 31.93B | |
| Short-Term Debt | 3.02B | 2.18B | 8.66B | 3.12B | 131.00M | |
| Current Portion of Long-Term Debt | 9.46B | 518.00M | 3.96B | 8.99B | 2.87B | 9.55B |
| Current Portion of Leases | 1.79B | 1.79B | 2.13B | 2.23B | 2.49B | 2.22B |
| Current Income Taxes Payable | 6.28B | 2.68B | 3.32B | 3.56B | 2.64B | 2.92B |
| Current Unearned Revenue | 40.55B | 36.87B | 41.23B | 34.42B | 42.25B | 32.83B |
| Other Current Liabilities | 47.54B | 9.13B | 15.49B | 16.13B | 16.94B | 11.68B |
| Total Current Liabilities | 136.00B | 110.94B | 131.87B | 129.40B | 145.62B | 126.95B |
| Long-Term Debt | 27.82B | 29.16B | 31.90B | 29.22B | 26.95B | 22.24B |
| Long-Term Leases | 6.27B | 5.77B | 5.36B | 5.22B | 6.82B | 7.08B |
| Pension & Post-Retirement Benefits | 14.28B | 18.65B | 24.45B | 26.23B | 27.36B | 36.05B |
| Long-Term Deferred Tax Liabilities | 240.00M | 152.00M | 1.29B | 3.88B | 4.78B | 884.00M |
| Other Long-Term Liabilities | 5.65B | 4.29B | 4.51B | 5.68B | 4.70B | 5.31B |
| Total Liabilities | 190.25B | 168.96B | 199.39B | 199.63B | 216.23B | 198.51B |
| Common Stock | 110.48B | 16.86B | 16.74B | 16.72B | 16.67B | 16.67B |
| Additional Paid-In Capital | 24.73B | 24.73B | 24.73B | 24.73B | 24.73B | |
| Retained Earnings | 65.11B | 42.30B | 50.46B | 85.21B | 66.92B | |
| Comprehensive Income & Other | 2.84B | 10.52B | 6.76B | 8.20B | 454.00M | |
| Total Common Equity | 110.48B | 109.53B | 94.28B | 98.67B | 134.81B | 108.78B |
| Minority Interest | 773.00M | 729.00M | -1.30B | -1.26B | -1.51B | -1.68B |
| Shareholders' Equity | 111.25B | 110.26B | 92.98B | 97.41B | 133.30B | 107.10B |
| Total Liabilities & Equity | 301.50B | 279.22B | 292.37B | 297.04B | 349.54B | 305.61B |
| Total Debt | 45.33B | 40.26B | 45.54B | 54.33B | 42.24B | 41.23B |
| Net Cash (Debt) | 13.45B | 16.38B | 10.89B | -9.55B | 4.84B | 25.76B |
| Net Cash Per Share | 4.05 | 4.90 | 3.26 | -2.87 | 1.45 | 7.73 |
| Filing Date Shares Outstanding | 3.26B | 3.33B | 3.33B | 3.33B | 3.33B | 3.33B |
| Total Common Shares Outstanding | 3.26B | 3.33B | 3.33B | 3.33B | 3.33B | 3.33B |
| Working Capital | 21.62B | 32.62B | 22.43B | 25.59B | 28.18B | 47.85B |
| Book Value Per Share | 33.92 | 32.86 | 28.29 | 29.63 | 40.48 | 32.66 |
| Tangible Book Value | 54.80B | 57.02B | 30.25B | 23.06B | 23.90B | 66.74B |
| Tangible Book Value Per Share | 16.82 | 17.11 | 9.08 | 6.93 | 7.18 | 20.04 |
| Land | 7.01B | 7.60B | ||||
| Machinery | 36.05B | 40.27B | 39.49B | 40.81B | 37.40B | |
| Construction In Progress | 741.00M | 780.00M | 1.06B | 973.00M | 705.00M |
Cash flow statement
Fiscal year January - December; amounts in SEK.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 19.30B | 28.43B | 20.00M | -26.45B | 18.72B | 22.69B |
| Depreciation & Amortization | 6.22B | 7.12B | 8.54B | 10.02B | 8.56B | 7.12B |
| Other Amortization | 1.76B | 1.79B | 1.48B | 1.14B | 1.59B | 1.34B |
| Loss (Gain) From Sale of Assets | -7.66B | -7.66B | 8.00M | -17.00M | -387.00M | -241.00M |
| Asset Writedown & Restructuring Costs | 334.00M | 332.00M | 15.71B | 32.73B | 401.00M | 511.00M |
| Loss (Gain) From Sale of Investments | -274.00M | -274.00M | 145.00M | 285.00M | 100.00M | -730.00M |
| Loss (Gain) on Equity Investments | 400.00M | 57.00M | 459.00M | -58.00M | 55.00M | 360.00M |
| Other Operating Activities | 8.39B | 2.79B | -2.92B | 1.52B | 1.21B | 4.01B |
| Change in Accounts Receivable | 156.00M | -4.30B | 2.58B | 6.33B | 4.77B | 1.55B |
| Change in Inventory | -6.77B | 929.00M | 10.21B | 9.30B | -7.74B | -5.57B |
| Change in Accounts Payable | 3.38B | 462.00M | 496.00M | -10.04B | -2.00B | 1.39B |
| Change in Unearned Revenue | -1.61B | 1.49B | 4.60B | -7.09B | 5.79B | 4.01B |
| Change in Other Net Operating Assets | 8.68B | 1.80B | 4.94B | -10.51B | -206.00M | 2.62B |
| Operating Cash Flow | 32.31B | 32.95B | 46.26B | 7.18B | 30.86B | 39.06B |
| Capital Expenditures | -2.95B | -2.63B | -2.34B | -3.30B | -4.48B | -3.66B |
| Sale of Property, Plant & Equipment | 173.00M | 192.00M | 116.00M | 163.00M | 249.00M | 115.00M |
| Cash Acquisitions | -568.00M | -264.00M | -141.00M | -1.31B | -51.73B | -256.00M |
| Divestitures | 999.00M | 11.20B | -633.00M | 20.00M | 273.00M | |
| Sale (Purchase) of Intangibles | -1.41B | -1.14B | -1.30B | -2.17B | -1.72B | -962.00M |
| Investment in Securities | -1.61B | -22.47B | -8.54B | -3.76B | 26.98B | -15.26B |
| Other Investing Activities | -326.00M | 3.67B | -3.74B | 2.30B | -3.72B | -131.00M |
| Investing Cash Flow | -5.69B | -11.44B | -15.95B | -8.71B | -34.40B | -19.88B |
| Long-Term Debt Issued | 398.00M | 3.62B | 19.73B | 10.76B | 7.88B | |
| Long-Term Debt Repaid | -5.65B | -18.41B | -10.74B | -18.62B | -8.16B | |
| Lease Payments | -1.89B | -2.12B | -2.49B | -2.86B | -2.59B | -2.37B |
| Net Debt Issued (Repaid) | 731.00M | -5.25B | -14.79B | 8.99B | -7.87B | -277.00M |
| Issuance of Common Stock | 42.00M | |||||
| Repurchase of Common Stock | -7.64B | |||||
| Common Dividends Paid | -9.72B | -9.50B | -9.00B | -8.99B | -8.32B | -6.66B |
| Other Financing Activities | -3.34B | 531.00M | -74.00M | 1.01B | 262.00M | -2.41B |
| Financing Cash Flow | -19.98B | -14.22B | -23.86B | 1.01B | -15.93B | -9.31B |
| Foreign Exchange Rate Adjustments | 1.75B | -7.25B | 2.25B | -2.63B | 3.76B | 563.00M |
| Net Cash Flow | 8.39B | 41.00M | 8.70B | -3.16B | -15.70B | 10.44B |
| Free Cash Flow | 29.36B | 30.32B | 43.92B | 3.88B | 26.39B | 35.40B |
| Free Cash Flow Margin | 12.72% | 12.81% | 17.72% | 1.47% | 9.72% | 15.24% |
| Free Cash Flow Per Share | 8.84 | 9.07 | 13.15 | 1.17 | 7.91 | 10.62 |
| Levered Free Cash Flow | 28.76B | 18.86B | 46.96B | 3.94B | 24.72B | 26.30B |
| Unlevered Free Cash Flow | 30.05B | 20.13B | 48.78B | 5.65B | 25.61B | 26.90B |
| Free Cash Flow After Leases | 27.46B | 28.21B | 41.43B | 1.02B | 23.79B | 33.03B |
| Cash Interest Paid | 1.84B | 2.21B | 3.04B | 2.28B | 1.25B | 974.00M |
| Cash Income Tax Paid | 5.63B | 7.01B | 6.30B | 5.37B | 5.60B | 4.09B |
| Change in Working Capital | 3.83B | 378.00M | 22.82B | -12.00B | 619.00M | 4.00B |
Ratios
Fiscal year January - December; amounts in SEK.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 36.18B | 32.76B | 27.06B | 20.92B | 19.58B | 36.76B |
| Enterprise Value | 34.89B | 31.97B | 26.60B | 21.84B | 19.31B | 34.38B |
| Last Close Price | 11.18 | 9.46 | 7.71 | 5.87 | 5.27 | 9.59 |
| PE Ratio | 18.86 | 10.62 | 14,975.98 | 10.90 | 14.65 | |
| PS Ratio | 1.57 | 1.28 | 1.21 | 0.80 | 0.75 | 1.43 |
| PB Ratio | 3.25 | 2.74 | 3.22 | 2.16 | 1.53 | 3.10 |
| P/TBV Ratio | 6.59 | 5.30 | 9.90 | 9.12 | 8.54 | 4.98 |
| P/FCF Ratio | 12.10 | 9.96 | 6.82 | 54.21 | 7.74 | 9.39 |
| P/OCF Ratio | 10.99 | 9.16 | 6.47 | 29.31 | 6.61 | 8.51 |
| EV/Sales Ratio | 1.51 | 1.25 | 1.19 | 0.83 | 0.74 | 1.34 |
| EV/EBITDA Ratio | 9.35 | 7.87 | 10.29 | 8.66 | 5.64 | 8.56 |
| EV/EBIT Ratio | 10.55 | 9.11 | 13.24 | 12.37 | 6.81 | 9.88 |
| EV/FCF Ratio | 11.67 | 9.72 | 6.70 | 56.61 | 7.63 | 8.78 |
| Debt / Equity Ratio | 0.41 | 0.36 | 0.49 | 0.56 | 0.32 | 0.39 |
| Debt / EBITDA Ratio | 1.16 | 1.02 | 1.48 | 1.96 | 1.11 | 1.07 |
| Debt / FCF Ratio | 1.54 | 1.33 | 1.04 | 14.00 | 1.60 | 1.16 |
| Net Debt / Equity Ratio | -0.12 | -0.15 | -0.12 | 0.10 | -0.04 | -0.24 |
| Net Debt / EBITDA Ratio | -0.36 | -0.44 | -0.38 | 0.38 | -0.14 | -0.71 |
| Net Debt / FCF Ratio | -0.46 | -0.54 | -0.25 | 2.46 | -0.18 | -0.73 |
| Asset Turnover | 0.79 | 0.83 | 0.84 | 0.81 | 0.83 | 0.81 |
| Inventory Turnover | 3.81 | 4.85 | 4.32 | 3.88 | 3.90 | 4.15 |
| Quick Ratio | 0.88 | 1.03 | 0.94 | 0.88 | 0.85 | 1.08 |
| Current Ratio | 1.16 | 1.29 | 1.17 | 1.20 | 1.19 | 1.38 |
| Return on Equity (ROE) | 18.09% | 28.26% | 0.39% | -22.63% | 15.90% | 23.90% |
| Return on Assets (ROA) | 7.07% | 7.08% | 4.72% | 3.43% | 5.64% | 6.82% |
| Return on Invested Capital (ROIC) | 26.09% | 27.58% | 3.40% | 15.08% | 21.88% | 31.78% |
| Return on Capital Employed (ROCE) | 19.90% | 19.20% | 13.90% | 10.60% | 14.50% | 17.60% |
| Earnings Yield | 5.30% | 9.41% | 0.01% | -12.57% | 9.17% | 6.83% |
| FCF Yield | 8.26% | 10.04% | 14.66% | 1.85% | 12.93% | 10.65% |
| Dividend Yield | 1.85% | 3.31% | 3.17% | 4.28% | 4.41% | 2.50% |
| Payout Ratio | 35.00% | 33.41% | 44,985.00% | 44.46% | 29.34% | |
| Buyback Yield / Dilution | 0.61% | -0.09% | -0.27% | 0.12% | -0.06% | -0.18% |
| Total Shareholder Return | 2.46% | 3.22% | 2.90% | 4.40% | 4.35% | 2.33% |