NYSE : PHG
Koninklijke Philips N.V. — Financial statements
Healthcare · Medical Devices · Netherlands
Last price 26.92 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 26.45B
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Financial statements
Koninklijke Philips N.V. (PHG) reported revenue of 17.66B EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 17.66B | 17.83B | 18.02B | 18.17B | 17.83B | 17.16B |
| Cost of Revenue | 9.55B | 9.78B | 10.25B | 10.72B | 10.63B | 9.99B |
| Gross Profit | 8.12B | 8.06B | 7.77B | 7.45B | 7.19B | 7.17B |
| Selling, General & Admin | 4.89B | 4.99B | 5.09B | 5.15B | 5.30B | 4.87B |
| Research & Development | 1.72B | 1.70B | 1.75B | 1.89B | 2.09B | 1.81B |
| Other Operating Expenses | -224.00M | -60.00M | -1.00M | -13.00M | -12.00M | -16.00M |
| Operating Expenses | 6.39B | 6.63B | 6.83B | 7.03B | 7.38B | 6.66B |
| Operating Income | 1.73B | 1.43B | 939.00M | 418.00M | -187.00M | 513.00M |
| Interest Expense | -284.00M | -271.00M | -268.00M | -256.00M | -225.00M | -156.00M |
| Interest & Investment Income | 94.00M | 86.00M | 82.00M | 48.00M | 28.00M | 20.00M |
| Earnings From Equity Investments | -7.00M | -9.00M | -124.00M | -98.00M | -2.00M | -4.00M |
| Currency Exchange Gain (Loss) | -6.00M | -6.00M | -7.00M | -23.00M | 9.00M | |
| Other Non Operating Income (Expenses) | -1.00M | 1.00M | -54.00M | -37.00M | -12.00M | 9.00M |
| EBT Excluding Unusual Items | 1.52B | 1.23B | 568.00M | 52.00M | -389.00M | 382.00M |
| Impairment of Goodwill | -8.00M | -1.36B | -15.00M | |||
| Gain (Loss) on Sale of Investments | -26.00M | -26.00M | -16.00M | -26.00M | 9.00M | 95.00M |
| Gain (Loss) on Sale of Assets | -24.00M | -24.00M | 16.00M | 61.00M | 6.00M | -57.00M |
| Legal Settlements | -984.00M | -606.00M | 17.00M | |||
| Other Unusual Items | 87.00M | |||||
| Pretax Income | 1.47B | 1.18B | 122.00M | -527.00M | -1.73B | 509.00M |
| Income Tax Expense | 363.00M | 282.00M | 963.00M | -73.00M | -113.00M | -103.00M |
| Earnings From Continuing Operations | 1.11B | 900.00M | -841.00M | -454.00M | -1.62B | 612.00M |
| Earnings From Discontinued Operations | 4.00M | -4.00M | 142.00M | -10.00M | 13.00M | 2.71B |
| Net Income to Company | 1.11B | 896.00M | -699.00M | -464.00M | -1.60B | 3.32B |
| Minority Interest in Earnings | -1.00M | -1.00M | -3.00M | -2.00M | -3.00M | -4.00M |
| Net Income | 1.11B | 895.00M | -702.00M | -466.00M | -1.61B | 3.32B |
| Net Income to Common | 1.11B | 895.00M | -702.00M | -466.00M | -1.61B | 3.32B |
| Shares Outstanding (Basic) | 952.27M | 948.24M | 933.37M | 948.30M | 951.81M | 951.63M |
| Shares Outstanding (Diluted) | 968.81M | 962.50M | 933.37M | 948.30M | 951.81M | 957.06M |
| EPS (Basic) | 1.17 | 0.94 | -0.75 | -0.49 | -1.69 | 3.49 |
| EPS (Diluted) | 1.14 | 0.93 | -0.75 | -0.49 | -1.69 | 3.47 |
| Free Cash Flow | 1.99B | 893.00M | 1.24B | 1.91B | -629.00M | 4.63B |
| Free Cash Flow Per Share | 2.06 | 0.93 | 1.33 | 2.02 | -0.66 | 4.84 |
| Dividend Per Share | 0.85 | 0.85 | 0.85 | 0.85 | 0.81 | |
| Gross Margin | 45.94% | 45.18% | 43.13% | 40.99% | 40.36% | 41.78% |
| Operating Margin | 9.78% | 8.02% | 5.21% | 2.30% | -1.05% | 2.99% |
| Profit Margin | 6.31% | 5.02% | -3.90% | -2.56% | -9.02% | 19.35% |
| Free Cash Flow Margin | 11.29% | 5.01% | 6.88% | 10.53% | -3.53% | 27.02% |
| EBITDA | 2.42B | 2.02B | 1.59B | 1.13B | 887.00M | 1.46B |
| EBITDA Margin | 13.68% | 11.30% | 8.85% | 6.21% | 4.98% | 8.53% |
| D&A For EBITDA | 688.00M | 585.00M | 655.00M | 710.00M | 1.07B | 951.00M |
| EBIT | 1.73B | 1.43B | 939.00M | 418.00M | -187.00M | 513.00M |
| EBIT Margin | 9.78% | 8.02% | 5.21% | 2.30% | -1.05% | 2.99% |
| Effective Tax Rate | 24.63% | 23.86% | 789.34% | |||
| Advertising Expenses | 794.00M | 791.00M | 700.00M | 739.00M | 752.00M |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.79B | 2.79B | 2.40B | 1.87B | 1.17B | 2.30B |
| Short-Term Investments | 3.00M | 11.00M | 2.00M | |||
| Cash & Short-Term Investments | 1.79B | 2.79B | 2.40B | 1.87B | 1.18B | 2.31B |
| Accounts Receivable | 3.55B | 3.69B | 3.86B | 3.84B | 4.12B | 3.85B |
| Other Receivables | 47.00M | 252.00M | 253.00M | 408.00M | 529.00M | 439.00M |
| Receivables | 3.60B | 3.94B | 4.12B | 4.25B | 4.65B | 4.29B |
| Inventory | 3.22B | 2.87B | 3.20B | 3.49B | 4.05B | 3.45B |
| Prepaid Expenses | 180.00M | 238.00M | 197.00M | 174.00M | 172.00M | |
| Other Current Assets | 728.00M | 149.00M | 69.00M | 130.00M | 200.00M | 132.00M |
| Total Current Assets | 9.33B | 9.93B | 10.02B | 9.94B | 10.26B | 10.35B |
| Property, Plant & Equipment | 2.17B | 2.22B | 2.45B | 2.48B | 2.64B | 2.70B |
| Long-Term Investments | 862.00M | 852.00M | 888.00M | 1.00B | 1.20B | 1.06B |
| Goodwill | 9.68B | 9.27B | 10.38B | 9.88B | 10.24B | 10.64B |
| Other Intangible Assets | 2.56B | 2.07B | 2.56B | 2.85B | 3.13B | 3.05B |
| Long-Term Deferred Tax Assets | 1.77B | 1.77B | 1.92B | 2.63B | 2.45B | 2.22B |
| Long-Term Deferred Charges | 501.00M | 418.00M | 336.00M | 393.00M | 598.00M | |
| Other Long-Term Assets | 330.00M | 330.00M | 333.00M | 290.00M | 381.00M | 356.00M |
| Total Assets | 26.70B | 26.94B | 28.98B | 29.41B | 30.69B | 30.96B |
| Accounts Payable | 2.08B | 1.93B | 1.83B | 1.92B | 1.97B | 1.87B |
| Accrued Expenses | 1.44B | 1.91B | 1.93B | 2.23B | 1.97B | 2.28B |
| Short-Term Debt | 1.15B | 52.00M | 92.00M | 122.00M | 89.00M | 47.00M |
| Current Portion of Long-Term Debt | 892.00M | 215.00M | 321.00M | 612.00M | 202.00M | |
| Current Portion of Leases | 207.00M | 219.00M | 211.00M | 230.00M | 257.00M | |
| Current Income Taxes Payable | 168.00M | 174.00M | 71.00M | 83.00M | 40.00M | 128.00M |
| Current Unearned Revenue | 1.58B | 1.49B | 1.70B | 1.81B | 1.70B | 1.49B |
| Other Current Liabilities | 998.00M | 862.00M | 2.09B | 1.60B | 1.32B | 1.17B |
| Total Current Liabilities | 7.42B | 7.51B | 8.15B | 8.29B | 7.93B | 7.45B |
| Long-Term Debt | 5.36B | 6.18B | 6.26B | 6.17B | 6.42B | 5.51B |
| Long-Term Leases | 953.00M | 757.00M | 854.00M | 864.00M | 852.00M | 963.00M |
| Long-Term Unearned Revenue | 464.00M | 458.00M | 431.00M | 469.00M | 515.00M | 446.00M |
| Pension & Post-Retirement Benefits | 520.00M | 560.00M | 558.00M | 546.00M | 658.00M | |
| Long-Term Deferred Tax Liabilities | 77.00M | 93.00M | 81.00M | 71.00M | 91.00M | 83.00M |
| Other Long-Term Liabilities | 946.00M | 441.00M | 602.00M | 925.00M | 1.05B | 1.38B |
| Total Liabilities | 15.22B | 15.96B | 16.93B | 17.34B | 17.41B | 16.49B |
| Common Stock | 197.00M | 193.00M | 188.00M | 183.00M | 178.00M | 177.00M |
| Additional Paid-In Capital | 7.67B | 7.21B | 6.75B | 5.83B | 5.03B | 4.65B |
| Retained Earnings | 3.18B | 3.58B | 3.65B | 5.40B | 6.83B | 9.34B |
| Treasury Stock | -113.00M | -298.00M | -411.00M | -262.00M | -275.00M | -476.00M |
| Comprehensive Income & Other | 515.00M | 274.00M | 1.82B | 879.00M | 1.49B | 748.00M |
| Total Common Equity | 11.45B | 10.96B | 12.01B | 12.03B | 13.25B | 14.44B |
| Minority Interest | 29.00M | 32.00M | 37.00M | 33.00M | 34.00M | 36.00M |
| Shareholders' Equity | 11.48B | 10.99B | 12.04B | 12.06B | 13.28B | 14.47B |
| Total Liabilities & Equity | 26.70B | 26.94B | 28.98B | 29.41B | 30.69B | 30.96B |
| Total Debt | 7.46B | 8.09B | 7.64B | 7.69B | 8.20B | 6.98B |
| Net Cash (Debt) | -5.68B | -5.29B | -5.24B | -5.82B | -7.02B | -4.67B |
| Net Cash Per Share | -5.86 | -5.50 | -5.61 | -6.13 | -7.37 | -4.88 |
| Filing Date Shares Outstanding | 977.43M | 951.29M | 925.01M | 914.11M | 928.68M | 916.77M |
| Total Common Shares Outstanding | 977.43M | 951.29M | 925.01M | 914.11M | 928.68M | 916.77M |
| Working Capital | 1.91B | 2.42B | 1.88B | 1.65B | 2.33B | 2.90B |
| Book Value Per Share | 11.71 | 11.52 | 12.98 | 13.16 | 14.27 | 15.75 |
| Tangible Book Value | -796.00M | -382.00M | -941.00M | -702.00M | -122.00M | 750.00M |
| Tangible Book Value Per Share | -0.81 | -0.40 | -1.02 | -0.77 | -0.13 | 0.82 |
| Land | 1.10B | 1.15B | 1.11B | 1.14B | 1.10B | |
| Machinery | 2.96B | 3.32B | 3.13B | 3.23B | 2.97B | |
| Construction In Progress | 274.00M | 271.00M | 274.00M | 309.00M | 208.00M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.11B | 895.00M | -702.00M | -466.00M | -1.61B | 3.32B |
| Depreciation & Amortization | 878.00M | 775.00M | 857.00M | 911.00M | 1.07B | 951.00M |
| Other Amortization | 252.00M | 252.00M | 257.00M | 266.00M | 528.00M | 372.00M |
| Loss (Gain) From Sale of Assets | -57.00M | 23.00M | -19.00M | -71.00M | -115.00M | 55.00M |
| Asset Writedown & Restructuring Costs | 98.00M | 98.00M | 276.00M | 92.00M | 1.36B | 15.00M |
| Loss (Gain) on Equity Investments | 1.00M | 9.00M | 126.00M | 107.00M | 112.00M | 4.00M |
| Stock-Based Compensation | 143.00M | 141.00M | 96.00M | 88.00M | 95.00M | 108.00M |
| Other Operating Activities | 104.00M | 211.00M | 772.00M | -55.00M | -472.00M | -3.21B |
| Change in Accounts Receivable | -298.00M | -9.00M | -1.00M | 298.00M | -342.00M | -39.00M |
| Change in Inventory | -86.00M | -115.00M | 230.00M | 257.00M | -572.00M | -581.00M |
| Change in Accounts Payable | 300.00M | 97.00M | -583.00M | 358.00M | 52.00M | 219.00M |
| Change in Other Net Operating Assets | -167.00M | -1.21B | 260.00M | 351.00M | -282.00M | 414.00M |
| Operating Cash Flow | 2.28B | 1.16B | 1.56B | 2.26B | -185.00M | 5.03B |
| Capital Expenditures | -288.00M | -269.00M | -317.00M | -345.00M | -444.00M | -397.00M |
| Sale of Property, Plant & Equipment | 12.00M | 9.00M | 13.00M | 90.00M | 18.00M | 33.00M |
| Cash Acquisitions | -234.00M | -3.00M | -8.00M | -73.00M | -712.00M | -3.10B |
| Divestitures | 119.00M | -22.00M | 126.00M | 80.00M | 124.00M | 107.00M |
| Sale (Purchase) of Intangibles | -381.00M | -399.00M | -359.00M | -299.00M | -362.00M | -366.00M |
| Investment in Securities | -7.00M | 15.00M | -66.00M | -44.00M | -38.00M | |
| Other Investing Activities | -2.00M | -68.00M | 38.00M | -45.00M | -73.00M | 49.00M |
| Investing Cash Flow | -781.00M | -737.00M | -573.00M | -636.00M | -1.49B | -3.67B |
| Short-Term Debt Issued | 29.00M | 47.00M | ||||
| Long-Term Debt Issued | 1.06B | 710.00M | 544.00M | 2.52B | 76.00M | |
| Total Debt Issued | 116.00M | 1.06B | 710.00M | 573.00M | 2.56B | 76.00M |
| Short-Term Debt Repaid | -24.00M | -30.00M | -25.00M | |||
| Long-Term Debt Repaid | -609.00M | -763.00M | -754.00M | -1.47B | -302.00M | |
| Total Debt Repaid | -1.28B | -633.00M | -793.00M | -754.00M | -1.47B | -327.00M |
| Net Debt Issued (Repaid) | -1.17B | 424.00M | -83.00M | -181.00M | 1.09B | -251.00M |
| Issuance of Common Stock | 26.00M | 13.00M | 12.00M | 23.00M | ||
| Repurchase of Common Stock | -68.00M | -411.00M | -662.00M | -187.00M | -1.64B | |
| Common Dividends Paid | -354.00M | -328.00M | -1.00M | -2.00M | -412.00M | -482.00M |
| Other Financing Activities | -2.00M | -2.00M | -1.00M | -3.00M | -4.00M | -1.00M |
| Financing Cash Flow | -1.57B | 107.00M | -496.00M | -848.00M | 500.00M | -2.35B |
| Foreign Exchange Rate Adjustments | 32.00M | -139.00M | 45.00M | -79.00M | 41.00M | 65.00M |
| Miscellaneous Cash Flow Adjustments | 1.00M | 1.00M | ||||
| Net Cash Flow | -33.00M | 393.00M | 532.00M | 696.00M | -1.13B | -921.00M |
| Free Cash Flow | 1.99B | 893.00M | 1.24B | 1.91B | -629.00M | 4.63B |
| Free Cash Flow Margin | 11.29% | 5.01% | 6.88% | 10.53% | -3.53% | 27.02% |
| Free Cash Flow Per Share | 2.06 | 0.93 | 1.33 | 2.02 | -0.66 | 4.84 |
| Levered Free Cash Flow | 1.53B | 453.00M | 1.40B | 2.37B | -332.50M | 1.30B |
| Unlevered Free Cash Flow | 1.71B | 622.38M | 1.56B | 2.53B | -191.88M | 1.39B |
| Cash Interest Paid | 276.00M | 253.00M | 261.00M | 250.00M | 205.00M | 151.00M |
| Cash Income Tax Paid | 233.00M | 213.00M | 173.00M | 152.00M | 333.00M | 249.00M |
| Change in Working Capital | -251.00M | -1.23B | -94.00M | 1.26B | -1.14B | 13.00M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 27.50B | 25.95B | 23.60B | 20.82B | 12.92B | 31.23B |
| Enterprise Value | 33.89B | 33.59B | 30.31B | 28.87B | 20.16B | 39.04B |
| Last Close Price | 26.92 | 26.24 | 23.73 | 21.14 | 13.58 | 32.32 |
| PE Ratio | 21.56 | 24.69 | 8.27 | |||
| PS Ratio | 1.33 | 1.24 | 1.26 | 1.04 | 0.68 | 1.60 |
| PB Ratio | 2.05 | 2.01 | 1.89 | 1.56 | 0.91 | 1.90 |
| P/TBV Ratio | 36.62 | |||||
| P/FCF Ratio | 12.03 | 24.75 | 18.39 | 9.84 | 5.92 | |
| P/OCF Ratio | 10.51 | 19.02 | 14.65 | 8.34 | 5.46 | |
| EV/Sales Ratio | 1.65 | 1.60 | 1.62 | 1.44 | 1.06 | 2.00 |
| EV/EBITDA Ratio | 12.04 | 14.19 | 18.37 | 23.15 | 21.27 | 23.45 |
| EV/EBIT Ratio | 16.83 | 19.99 | 31.18 | 62.48 | 66.91 | |
| EV/FCF Ratio | 14.89 | 32.03 | 23.63 | 13.64 | 7.41 | |
| Debt / Equity Ratio | 0.65 | 0.74 | 0.63 | 0.64 | 0.62 | 0.48 |
| Debt / EBITDA Ratio | 2.86 | 3.67 | 4.25 | 5.79 | 9.25 | 4.77 |
| Debt / FCF Ratio | 3.74 | 9.05 | 6.17 | 4.02 | 1.51 | |
| Net Debt / Equity Ratio | 0.49 | 0.48 | 0.43 | 0.48 | 0.53 | 0.32 |
| Net Debt / EBITDA Ratio | 2.35 | 2.62 | 3.29 | 5.16 | 7.91 | 3.19 |
| Net Debt / FCF Ratio | 2.85 | 5.92 | 4.23 | 3.04 | -11.16 | 1.01 |
| Asset Turnover | 0.67 | 0.64 | 0.62 | 0.60 | 0.58 | 0.58 |
| Inventory Turnover | 2.96 | 3.22 | 3.06 | 2.84 | 2.84 | 3.10 |
| Quick Ratio | 0.73 | 0.90 | 0.80 | 0.74 | 0.74 | 0.89 |
| Current Ratio | 1.26 | 1.32 | 1.23 | 1.20 | 1.29 | 1.39 |
| Return on Equity (ROE) | 10.15% | 7.81% | -6.98% | -3.58% | -11.66% | 4.64% |
| Return on Assets (ROA) | 4.07% | 3.20% | 2.01% | 0.87% | -0.38% | 1.09% |
| Return on Invested Capital (ROIC) | 7.65% | 6.49% | -36.82% | 2.19% | -0.95% | 2.95% |
| Return on Capital Employed (ROCE) | 9.00% | 7.40% | 4.50% | 2.00% | -0.80% | 2.20% |
| Earnings Yield | 4.64% | 4.05% | -3.08% | -2.47% | -13.30% | 12.09% |
| FCF Yield | 8.32% | 4.04% | 5.44% | 10.16% | -5.20% | 16.88% |
| Dividend Yield | 3.06% | 3.66% | 3.45% | 4.12% | 2.69% | |
| Payout Ratio | 66.18% | 36.65% | 14.52% | |||
| Buyback Yield / Dilution | -3.68% | -3.12% | 1.57% | 0.37% | 0.55% | 0.90% |
| Total Shareholder Return | -0.62% | 0.54% | 5.02% | 4.49% | 0.55% | 3.59% |