NASDAQ : EVO

Evotec SE — Financial statements

Healthcare · Drug Manufacturers - Specialty & Generic · Germany

Last price 1.58 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 581.45M

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Financial statements

Evotec SE (EVO) reported revenue of 717.28M EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in EUR.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue717.28M788.37M796.97M781.43M751.45M618.03M
Cost of Revenue656.57M674.15M682.09M606.38M577.38M466.49M
Gross Profit60.71M114.22M114.88M175.05M174.06M151.54M
Selling, General & Admin165.64M175.97M188.20M169.61M156.19M105.44M
Research & Development28.44M37.51M50.86M68.53M76.64M72.20M
Other Operating Expenses12.49M-33.23M-45.26M-28.96M-79.62M-65.33M
Operating Expenses206.57M180.25M193.80M209.18M153.22M112.32M
Operating Income-145.86M-66.03M-78.92M-34.13M20.85M39.23M
Interest Expense-9.25M
Interest & Investment Income7.27M4.42M2.44M8.34M2.30M
Earnings From Equity Investments-1.02M-1.08M-4.31M-20.75M-15.10M-16.57M
Currency Exchange Gain (Loss)17.60M17.60M4.40M7.84M
Other Non Operating Income (Expenses)-34.14M-51.49M-53.98M-12.33M-794.00K-61.00K
EBT Excluding Unusual Items-156.15M-96.58M-130.37M-67.21M13.29M23.48M
Merger & Restructuring Charges-100.19M-633.00K-54.93M
Gain (Loss) on Sale of Investments81.72M12.12M-172.16M211.73M
Gain (Loss) on Sale of Assets-147.00K
Asset Writedown-5.01M-683.00K
Other Unusual Items-1.68M-1.68M-8.67M-15.87M4.91M2.60M
Pretax Income-183.80M-86.77M-193.98M-80.59M-153.96M236.98M
Income Tax Expense13.25M16.75M2.10M3.32M21.70M21.47M
Earnings From Continuing Operations-197.05M-103.52M-196.08M-83.91M-175.66M215.51M
Net Income-197.05M-103.52M-196.08M-83.91M-175.66M215.51M
Net Income to Common-197.05M-103.52M-196.08M-83.91M-175.66M215.51M
Shares Outstanding (Basic)177.61M177.58M177.30M176.92M176.67M166.41M
Shares Outstanding (Diluted)177.61M177.58M177.30M176.92M176.67M167.13M
EPS (Basic)-1.11-0.58-1.11-0.47-0.991.30
EPS (Diluted)-1.11-0.58-1.11-0.47-0.991.30
Free Cash Flow-163.21M-81.72M-99.25M-176.88M24.46M3.29M
Free Cash Flow Per Share-0.92-0.46-0.56-1.000.140.02
Gross Margin8.46%14.49%14.41%22.40%23.16%24.52%
Operating Margin-20.34%-8.38%-9.90%-4.37%2.77%6.35%
Profit Margin-27.47%-13.13%-24.60%-10.74%-23.38%34.87%
Free Cash Flow Margin-22.75%-10.37%-12.45%-22.64%3.26%0.53%
EBITDA-73.18M8.74M651.00K58.85M104.05M89.33M
EBITDA Margin-10.20%1.11%0.08%7.53%13.85%14.45%
D&A For EBITDA72.68M74.77M79.57M92.98M83.20M50.10M
EBIT-145.86M-66.03M-78.92M-34.13M20.85M39.23M
EBIT Margin-20.34%-8.38%-9.90%-4.37%2.77%6.35%
Effective Tax Rate9.06%

Balance sheet

Fiscal year January - December; amounts in EUR.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents348.36M418.52M306.39M510.91M415.15M699.33M
Short-Term Investments117.23M57.87M90.41M93.20M303.33M158.91M
Cash & Short-Term Investments465.59M476.39M396.80M604.11M718.49M858.23M
Accounts Receivable129.64M164.26M162.35M123.40M202.31M153.34M
Other Receivables36.82M38.45M41.88M80.66M54.42M23.42M
Receivables166.46M202.71M204.23M204.06M256.74M176.75M
Inventory38.56M29.32M31.12M30.89M29.82M25.79M
Prepaid Expenses40.25M18.97M22.24M18.39M16.95M19.21M
Other Current Assets18.03M35.56M27.57M45.71M51.67M20.95M
Total Current Assets728.89M762.95M681.96M903.16M1.07B1.10B
Property, Plant & Equipment449.77M554.63M823.94M806.56M650.20M484.60M
Long-Term Investments42.55M52.63M42.15M142.09M150.33M281.86M
Goodwill274.68M272.37M282.85M275.63M274.82M257.57M
Other Intangible Assets31.83M31.57M26.44M15.45M23.82M30.85M
Long-Term Deferred Tax Assets1.89M2.95M17.33M14.33M10.33M17.36M
Other Long-Term Assets44.37M36.86M37.82M95.23M74.08M61.98M
Total Assets1.57B1.71B1.91B2.25B2.26B2.24B
Accounts Payable49.13M64.76M85.79M134.32M97.28M72.60M
Accrued Expenses51.12M46.35M50.90M55.54M35.46M
Current Portion of Long-Term Debt61.54M81.50M27.11M129.97M1.56M36.14M
Current Portion of Leases22.18M19.56M19.11M14.82M14.47M
Current Income Taxes Payable8.90M10.58M8.52M5.57M8.99M10.60M
Current Unearned Revenue72.53M108.07M109.81M107.86M136.67M126.78M
Other Current Liabilities120.37M29.86M47.44M16.85M22.85M28.47M
Total Current Liabilities312.46M368.07M344.58M464.57M337.71M324.52M
Long-Term Debt256.22M194.90M260.44M307.09M328.29M326.34M
Long-Term Leases158.10M149.10M132.30M170.03M162.00M135.96M
Long-Term Unearned Revenue143.78M153.67M187.24M155.29M206.14M34.48M
Pension & Post-Retirement Benefits10.31M10.22M11.99M12.53M12.95M
Long-Term Deferred Tax Liabilities10.27M14.73M14.52M18.14M18.52M17.69M
Other Long-Term Liabilities27.57M9.44M10.67M5.46M4.87M5.54M
Total Liabilities908.40M900.24M959.98M1.13B1.07B857.48M
Common Stock177.91M177.78M177.55M177.19M176.95M176.61M
Additional Paid-In Capital1.47B1.46B1.45B1.45B1.44B1.43B
Retained Earnings-944.47M-775.89M-672.37M-476.29M-392.38M-216.42M
Treasury Stock-980.00K-1.55M
Comprehensive Income & Other-35.77M-45.11M-7.35M-30.64M-37.40M-12.64M
Total Common Equity665.58M813.70M952.52M1.12B1.19B1.38B
Shareholders' Equity665.58M813.70M952.52M1.12B1.19B1.38B
Total Liabilities & Equity1.57B1.71B1.91B2.25B2.26B2.24B
Total Debt475.87M447.69M439.42M626.20M506.67M512.92M
Net Cash (Debt)-10.28M28.70M-42.62M-22.09M211.82M345.32M
Net Cash Per Share-0.060.16-0.24-0.121.202.07
Filing Date Shares Outstanding177.67M177.75M177.39M176.94M176.70M176.36M
Total Common Shares Outstanding177.67M177.75M177.39M176.94M176.70M176.36M
Working Capital416.43M394.87M337.38M438.59M735.97M776.42M
Book Value Per Share3.754.585.376.336.727.81
Tangible Book Value359.07M509.77M643.23M828.82M888.55M1.09B
Tangible Book Value Per Share2.022.873.634.685.036.18
Buildings313.88M323.07M274.33M240.33M200.87M
Machinery480.74M497.51M401.04M335.36M258.19M
Construction In Progress25.63M252.25M225.65M116.38M40.35M

Cash flow statement

Fiscal year January - December; amounts in EUR.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-197.05M-103.52M-196.08M-83.91M-175.66M215.51M
Depreciation & Amortization92.36M94.45M101.10M92.98M83.20M65.93M
Other Amortization5.02M5.02M518.00K1.68M
Loss (Gain) From Sale of Assets142.00K
Asset Writedown & Restructuring Costs797.00K797.00K12.20M5.01M683.00K
Loss (Gain) From Sale of Investments-8.38M-8.38M8.65M172.16M-223.62M
Loss (Gain) on Equity Investments1.08M1.08M4.31M20.75M15.10M28.43M
Stock-Based Compensation3.78M3.78M5.04M9.63M9.92M7.80M
Other Operating Activities89.20M58.38M150.70M1.92M-4.19M27.95M
Change in Accounts Receivable-28.73M-28.73M-40.74M73.26M-48.03M
Change in Inventory-9.56M-9.56M-2.69M-1.60M-11.65M
Change in Accounts Payable-7.30M-7.30M-49.75M19.02M31.34M
Change in Unearned Revenue63.08M
Change in Income Taxes18.85M
Change in Other Net Operating Assets-56.26M-15.21M24.97M-100.62M105.28M-55.87M
Operating Cash Flow-115.03M-9.18M18.22M36.44M205.81M122.24M
Capital Expenditures-48.19M-72.54M-117.47M-213.32M-181.35M-118.94M
Sale of Property, Plant & Equipment281.00K214.00K2.00M530.00K
Cash Acquisitions2.09M-20.86M-410.00K
Sale (Purchase) of Intangibles-10.54M-10.08M-14.77M-2.68M
Investment in Securities277.96M248.83M49.06M189.72M-213.61M-117.13M
Other Investing Activities6.85M5.17M9.99M10.37M3.03M
Investing Cash Flow222.22M171.59M-71.19M-13.29M-412.80M-243.85M
Long-Term Debt Issued43.96M900.00K219.92M30.79M
Long-Term Debt Repaid-73.38M-152.97M-135.33M-53.11M-36.68M
Lease Payments-21.51M-23.64M-24.12M-22.45M-19.05M-20.66M
Net Debt Issued (Repaid)-16.97M-29.42M-152.07M84.60M-53.11M-5.89M
Issuance of Common Stock143.00K225.00K368.00K219.00K699.00K404.32M
Repurchase of Common Stock-1.55M-1.55M
Other Financing Activities-6.21M-6.89M-9.72M-12.85M-5.73M
Financing Cash Flow-24.59M-37.63M-161.42M71.96M-58.15M398.43M
Foreign Exchange Rate Adjustments-2.07M-12.65M9.87M644.00K-19.04M-66.00K
Miscellaneous Cash Flow Adjustments-1.00K
Net Cash Flow80.53M112.13M-204.52M95.75M-284.17M276.75M
Free Cash Flow-163.21M-81.72M-99.25M-176.88M24.46M3.29M
Free Cash Flow Margin-22.75%-10.37%-12.45%-22.64%3.26%0.53%
Free Cash Flow Per Share-0.92-0.46-0.56-1.000.140.02
Levered Free Cash Flow-80.99M-55.54M-78.60M-84.42M-140.27M4.87M
Unlevered Free Cash Flow-80.99M-55.54M-78.60M-84.42M-140.27M10.65M
Free Cash Flow After Leases-184.72M-105.36M-123.37M-199.33M5.41M-17.37M
Cash Interest Paid4.75M5.42M5.92M12.85M5.73M5.43M
Cash Income Tax Paid-14.78M-76.08M12.90M18.50M-6.03M
Change in Working Capital-101.85M-60.80M-68.21M-9.94M105.28M-2.28M

Ratios

Fiscal year January - December; amounts in EUR.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization552.07M1.13B1.50B4.16B2.88B8.47B
Enterprise Value563.58M1.43B1.68B4.13B2.53B8.56B
Last Close Price1.533.084.1611.738.0923.75
PE Ratio34.54
PS Ratio0.681.231.824.823.5912.04
PB Ratio0.731.191.523.362.275.40
P/TBV Ratio1.361.902.264.543.046.83
P/FCF Ratio110.252,259.99
P/OCF Ratio79.75103.3313.1060.90
EV/Sales Ratio0.691.542.034.793.1512.18
EV/EBITDA Ratio138.832,488.1463.5622.7384.27
EV/EBIT Ratio113.42191.90
EV/FCF Ratio96.702,285.20
Debt / Equity Ratio0.710.550.460.560.430.37
Debt / EBITDA Ratio15.7519.8110.644.874.88
Debt / FCF Ratio20.72155.71
Net Debt / Equity Ratio0.01-0.040.040.02-0.18-0.25
Net Debt / EBITDA Ratio-0.14-3.2865.470.38-2.04-3.87
Net Debt / FCF Ratio-0.060.35-0.43-0.12-8.66-104.83
Asset Turnover0.420.430.380.350.340.33
Inventory Turnover17.9622.3122.0019.9720.7623.69
Quick Ratio2.021.841.741.742.893.19
Current Ratio2.332.071.981.943.183.39
Return on Equity (ROE)-26.07%-11.72%-18.92%-7.27%-13.70%20.50%
Return on Assets (ROA)-5.39%-2.28%-2.37%-0.95%0.58%1.33%
Return on Invested Capital (ROIC)-22.13%-7.42%-7.38%-3.22%2.08%4.04%
Return on Capital Employed (ROCE)-11.60%-4.90%-5.00%-1.90%1.10%2.10%
Earnings Yield-41.04%-10.71%-13.49%-2.23%-6.51%2.90%
FCF Yield-32.81%-8.46%-6.83%-4.70%0.91%0.04%
Buyback Yield / Dilution-0.08%-0.16%-0.21%-0.14%-5.71%-7.88%