NYSE : STVN
Stevanato Group S.p.A. — Financial statements
Healthcare · Medical Instruments & Supplies · Italy
Last price 19.38 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 5.29B
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Financial statements
Stevanato Group S.p.A. (STVN) reported revenue of 1.23B 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 | 1.23B | 1.19B | 1.10B | 1.09B | 983.68M | 843.92M |
| Cost of Revenue | 865.02M | 840.09M | 798.60M | 745.46M | 663.88M | 578.51M |
| Gross Profit | 360.21M | 346.20M | 305.44M | 339.89M | 319.80M | 265.40M |
| Selling, General & Admin | 128.19M | 125.16M | 116.57M | 114.19M | 111.95M | 82.98M |
| Research & Development | 25.52M | 25.44M | 30.37M | 35.67M | 34.39M | 29.62M |
| Other Operating Expenses | -10.04M | -8.24M | -9.09M | -10.42M | -18.85M | -9.39M |
| Operating Expenses | 143.66M | 142.35M | 137.85M | 139.44M | 127.49M | 103.21M |
| Operating Income | 216.55M | 203.84M | 167.59M | 200.45M | 192.31M | 162.20M |
| Interest Expense | -5.81M | -6.48M | -6.86M | -4.32M | -3.94M | -4.87M |
| Interest & Investment Income | 1.25M | 1.03M | 1.72M | 792.00K | 648.00K | 548.00K |
| Earnings From Equity Investments | 547.00K | |||||
| Currency Exchange Gain (Loss) | 939.00K | -15.72M | 9.48M | -9.92M | 859.00K | -2.58M |
| Other Non Operating Income (Expenses) | -4.43M | 11.73M | -4.93M | 2.54M | -2.24M | -2.42M |
| EBT Excluding Unusual Items | 208.49M | 194.40M | 167.00M | 189.55M | 187.64M | 153.41M |
| Merger & Restructuring Charges | -2.80M | -4.10M | -4.10M | |||
| Gain (Loss) on Sale of Investments | 5.00K | 26.00K | 12.26M | |||
| Asset Writedown | -1.22M | -1.22M | -2.62M | |||
| Pretax Income | 192.25M | 189.11M | 160.29M | 189.55M | 187.64M | 165.67M |
| Income Tax Expense | 57.65M | 49.27M | 42.52M | 43.86M | 44.62M | 31.40M |
| Earnings From Continuing Operations | 134.60M | 139.83M | 117.77M | 145.69M | 143.02M | 134.27M |
| Net Income to Company | 139.83M | 117.77M | 145.69M | 143.02M | 134.27M | |
| Minority Interest in Earnings | 10.00K | 8.00K | 12.00K | -59.00K | -167.00K | 52.00K |
| Net Income | 134.61M | 139.84M | 117.78M | 145.63M | 142.85M | 134.32M |
| Net Income to Common | 134.61M | 139.84M | 117.78M | 145.63M | 142.85M | 134.32M |
| Shares Outstanding (Basic) | 273.01M | 272.95M | 271.14M | 264.95M | 264.70M | 252.67M |
| Shares Outstanding (Diluted) | 273.02M | 272.96M | 271.15M | 264.98M | 264.70M | 252.69M |
| EPS (Basic) | 0.49 | 0.51 | 0.43 | 0.55 | 0.54 | 0.53 |
| EPS (Diluted) | 0.49 | 0.51 | 0.43 | 0.55 | 0.54 | 0.53 |
| Free Cash Flow | -10.98M | 22.32M | -146.82M | -328.02M | -131.72M | 25.64M |
| Free Cash Flow Per Share | -0.04 | 0.08 | -0.54 | -1.24 | -0.50 | 0.10 |
| Dividend Per Share | 0.05 | 0.05 | 0.05 | 0.05 | ||
| Gross Margin | 29.40% | 29.18% | 27.66% | 31.32% | 32.51% | 31.45% |
| Operating Margin | 17.67% | 17.18% | 15.18% | 18.47% | 19.55% | 19.22% |
| Profit Margin | 10.99% | 11.79% | 10.67% | 13.42% | 14.52% | 15.92% |
| Free Cash Flow Margin | -0.90% | 1.88% | -13.30% | -30.22% | -13.39% | 3.04% |
| EBITDA | 298.83M | 283.56M | 237.19M | 272.69M | 250.81M | 212.38M |
| EBITDA Margin | 24.39% | 23.90% | 21.48% | 25.12% | 25.50% | 25.17% |
| D&A For EBITDA | 82.28M | 79.72M | 69.60M | 72.23M | 58.50M | 50.18M |
| EBIT | 216.55M | 203.84M | 167.59M | 200.45M | 192.31M | 162.20M |
| EBIT Margin | 17.67% | 17.18% | 15.18% | 18.47% | 19.55% | 19.22% |
| Effective Tax Rate | 29.99% | 26.06% | 26.53% | 23.14% | 23.78% | 18.95% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 78.64M | 130.60M | 98.27M | 69.60M | 228.74M | 411.04M |
| Short-Term Investments | 27.91M | 27.17M | ||||
| Trading Asset Securities | 503.00K | 1.77M | 711.00K | 2.58M | 4.84M | |
| Cash & Short-Term Investments | 79.14M | 132.38M | 98.98M | 72.18M | 261.49M | 438.21M |
| Accounts Receivable | 471.68M | 483.15M | 464.47M | 474.35M | 316.15M | 227.39M |
| Other Receivables | 71.87M | 56.32M | 65.40M | 48.13M | 53.33M | 51.03M |
| Receivables | 543.54M | 539.47M | 529.87M | 522.48M | 369.48M | 278.42M |
| Inventory | 309.00M | 268.25M | 245.22M | 255.32M | 213.25M | 148.92M |
| Other Current Assets | 1.06M | 3.26M | 6.05M | 11.91M | 1.55M | 422.00K |
| Total Current Assets | 932.74M | 943.35M | 880.12M | 861.89M | 845.77M | 865.97M |
| Property, Plant & Equipment | 1.49B | 1.40B | 1.26B | 1.05B | 660.69M | 415.41M |
| Long-Term Investments | 622.00K | 511.00K | 200.00K | 1.25M | 3.58M | 1.08M |
| Goodwill | 49.93M | 49.98M | 49.98M | 49.98M | 47.24M | 47.24M |
| Other Intangible Assets | 29.41M | 27.38M | 33.05M | 28.89M | 27.52M | 24.60M |
| Long-Term Deferred Tax Assets | 107.56M | 103.87M | 95.34M | 76.25M | 69.21M | 55.88M |
| Long-Term Deferred Charges | 9.29M | 9.49M | 545.00K | 2.09M | 4.63M | 7.33M |
| Other Long-Term Assets | 2.23M | 1.26M | 1.50M | 1.29M | 1.04M | 887.00K |
| Total Assets | 2.62B | 2.54B | 2.33B | 2.07B | 1.66B | 1.42B |
| Accounts Payable | 255.93M | 263.31M | 231.02M | 277.81M | 239.18M | 164.79M |
| Accrued Expenses | 932.00K | 58.96M | 50.55M | 56.03M | 49.08M | 47.51M |
| Short-Term Debt | 25.00M | 30.00M | 50.03M | 84.00M | 14.91M | 2.77M |
| Current Portion of Long-Term Debt | 96.91M | 87.95M | 57.16M | 51.59M | 50.52M | 37.88M |
| Current Portion of Leases | 4.34M | 4.38M | 5.09M | 5.84M | 5.33M | 5.55M |
| Current Income Taxes Payable | 47.36M | 22.43M | 25.43M | 30.80M | 41.66M | 19.44M |
| Current Unearned Revenue | 44.47M | 56.97M | 44.67M | 58.80M | 53.89M | 50.61M |
| Other Current Liabilities | 103.33M | 11.87M | 13.52M | 9.51M | 7.95M | 10.08M |
| Total Current Liabilities | 578.26M | 535.88M | 477.47M | 574.39M | 462.50M | 338.62M |
| Long-Term Debt | 312.05M | 337.99M | 305.87M | 242.53M | 133.75M | 184.72M |
| Long-Term Leases | 7.01M | 9.38M | 11.81M | 13.10M | 14.66M | 17.57M |
| Long-Term Unearned Revenue | 147.69M | 98.85M | 44.05M | 39.42M | ||
| Pension & Post-Retirement Benefits | 6.84M | 6.78M | 7.16M | 7.41M | 8.31M | 11.85M |
| Long-Term Deferred Tax Liabilities | 13.92M | 13.26M | 12.56M | 9.62M | 20.95M | 19.11M |
| Other Long-Term Liabilities | 3.14M | 55.32M | 65.51M | 52.45M | 23.61M | 5.31M |
| Total Liabilities | 1.07B | 1.06B | 924.43M | 938.93M | 663.79M | 577.18M |
| Common Stock | 22.23M | 22.23M | 22.23M | 21.70M | 21.70M | 21.70M |
| Additional Paid-In Capital | 559.57M | 559.57M | 559.57M | 389.31M | 389.31M | 389.31M |
| Retained Earnings | 1.03B | 990.43M | 863.44M | 757.86M | 623.17M | 483.51M |
| Treasury Stock | -27.00M | -27.08M | -27.15M | -27.23M | -27.74M | -27.74M |
| Comprehensive Income & Other | -33.79M | -58.66M | -13.75M | -9.11M | -10.31M | -24.70M |
| Total Common Equity | 1.55B | 1.49B | 1.40B | 1.13B | 996.13M | 842.07M |
| Minority Interest | 33.00K | 38.00K | 46.00K | 115.00K | -220.00K | -415.00K |
| Shareholders' Equity | 1.55B | 1.49B | 1.40B | 1.13B | 995.91M | 841.66M |
| Total Liabilities & Equity | 2.62B | 2.54B | 2.33B | 2.07B | 1.66B | 1.42B |
| Total Debt | 445.30M | 469.70M | 429.96M | 397.08M | 219.16M | 248.49M |
| Net Cash (Debt) | -366.16M | -337.33M | -330.98M | -324.90M | 42.33M | 189.72M |
| Net Cash Per Share | -1.34 | -1.24 | -1.22 | -1.23 | 0.16 | 0.75 |
| Filing Date Shares Outstanding | 273.13M | 273.00M | 272.90M | 265.47M | 264.70M | 264.70M |
| Total Common Shares Outstanding | 273.13M | 273.00M | 272.90M | 265.47M | 264.70M | 264.70M |
| Working Capital | 354.48M | 407.47M | 402.65M | 287.50M | 383.27M | 527.35M |
| Book Value Per Share | 5.67 | 5.44 | 5.15 | 4.27 | 3.76 | 3.18 |
| Tangible Book Value | 1.47B | 1.41B | 1.32B | 1.05B | 921.36M | 770.23M |
| Tangible Book Value Per Share | 5.38 | 5.16 | 4.84 | 3.97 | 3.48 | 2.91 |
| Land | 626.28M | 497.22M | 390.57M | 203.62M | 166.42M | 159.91M |
| Machinery | 1.02B | 975.46M | 821.03M | 675.80M | 575.40M | 492.01M |
| Construction In Progress | 434.34M | 494.63M | 546.99M | 612.69M | 298.53M | 89.95M |
| Order Backlog | 871.00M | 853.00M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 134.61M | 139.84M | 117.78M | 145.63M | 142.85M | 134.32M |
| Depreciation & Amortization | 91.61M | 85.84M | 76.49M | 78.48M | 64.82M | 56.38M |
| Other Amortization | 2.38M | 1.51M | 1.54M | |||
| Loss (Gain) From Sale of Assets | 11.00M | -64.00K | -81.00K | -477.00K | -126.00K | -579.00K |
| Asset Writedown & Restructuring Costs | 1.22M | 1.22M | 2.62M | |||
| Loss (Gain) on Equity Investments | -547.00K | |||||
| Provision & Write-off of Bad Debts | 1.02M | 628.00K | 40.00K | 661.00K | -788.00K | -1.29M |
| Other Operating Activities | 11.26M | 6.48M | -25.21M | -16.60M | 14.29M | -13.32M |
| Change in Accounts Receivable | -59.41M | 891.00K | -3.83M | -93.86M | -46.42M | -54.77M |
| Change in Inventory | -36.65M | -41.45M | 12.31M | -113.59M | -107.37M | -31.20M |
| Change in Accounts Payable | 91.64M | 91.19M | -25.89M | 104.97M | 36.05M | 44.34M |
| Operating Cash Flow | 248.68M | 286.08M | 155.78M | 105.21M | 103.31M | 133.34M |
| Capital Expenditures | -259.66M | -263.76M | -302.60M | -433.23M | -235.03M | -107.69M |
| Sale of Property, Plant & Equipment | 943.00K | 1.86M | 3.15M | 577.00K | 146.00K | 1.17M |
| Cash Acquisitions | -175.00K | -3.59M | ||||
| Sale (Purchase) of Intangibles | -19.77M | -11.28M | -10.97M | -8.70M | -8.10M | -5.49M |
| Investment in Securities | 3.67M | 251.00K | 385.00K | -4.19M | 31.00K | 15.59M |
| Other Investing Activities | 138.00K | 27.91M | ||||
| Investing Cash Flow | -276.83M | -272.92M | -310.21M | -421.22M | -242.95M | -96.43M |
| Long-Term Debt Issued | 150.00M | 190.17M | 247.51M | 13.21M | 8.05M | |
| Long-Term Debt Repaid | -113.20M | -162.27M | -74.94M | -44.24M | -128.23M | |
| Lease Payments | -6.61M | -6.28M | -6.48M | -5.94M | -6.59M | -6.50M |
| Net Debt Issued (Repaid) | 24.54M | 36.80M | 27.91M | 172.57M | -31.04M | -120.18M |
| Issuance of Common Stock | 169.77M | 380.09M | ||||
| Common Dividends Paid | -14.74M | -14.74M | -14.46M | -14.29M | -13.50M | -11.20M |
| Other Financing Activities | -250.00K | 6.13M | ||||
| Financing Cash Flow | 9.81M | 22.06M | 183.22M | 158.03M | -44.54M | 254.85M |
| Foreign Exchange Rate Adjustments | 3.24M | -2.88M | -115.00K | -1.16M | 1.88M | 3.68M |
| Net Cash Flow | -15.11M | 32.33M | 28.67M | -159.14M | -182.30M | 295.44M |
| Free Cash Flow | -10.98M | 22.32M | -146.82M | -328.02M | -131.72M | 25.64M |
| Free Cash Flow Margin | -0.90% | 1.88% | -13.30% | -30.22% | -13.39% | 3.04% |
| Free Cash Flow Per Share | -0.04 | 0.08 | -0.54 | -1.24 | -0.50 | 0.10 |
| Levered Free Cash Flow | -104.70M | -45.06M | -192.33M | -403.12M | -109.67M | -10.14M |
| Unlevered Free Cash Flow | -101.07M | -41.01M | -188.04M | -400.42M | -107.21M | -7.10M |
| Free Cash Flow After Leases | -17.59M | 16.04M | -153.30M | -333.96M | -138.31M | 19.15M |
| Cash Interest Paid | 6.04M | 6.96M | 7.41M | 3.15M | 3.47M | 4.39M |
| Cash Income Tax Paid | 65.02M | 59.91M | 64.26M | 76.77M | 25.79M | 29.16M |
| Change in Working Capital | -4.42M | 50.63M | -17.41M | -102.48M | -117.74M | -41.63M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.43B | 5.49B | 5.95B | 7.27B | 4.76B | 5.94B |
| Enterprise Value | 5.85B | 5.88B | 6.26B | 7.51B | 4.70B | 5.76B |
| Last Close Price | 19.38 | 20.05 | 21.65 | 27.04 | 17.77 | 22.12 |
| PE Ratio | 35.50 | 33.45 | 48.77 | 45.14 | 31.16 | 38.90 |
| Forward PE | 25.95 | 29.61 | 38.13 | 39.60 | 32.31 | 45.63 |
| PS Ratio | 3.88 | 3.94 | 5.20 | 6.06 | 4.53 | 6.19 |
| PB Ratio | 2.99 | 3.15 | 4.09 | 5.80 | 4.47 | 6.21 |
| P/TBV Ratio | 3.24 | 3.32 | 4.35 | 6.24 | 4.83 | 6.78 |
| P/FCF Ratio | 209.59 | 203.75 | ||||
| P/OCF Ratio | 19.52 | 16.35 | 36.87 | 62.48 | 43.08 | 39.19 |
| PEG Ratio | 1.60 | 1.53 | 7.00 | 2.48 | 1.86 | 3.81 |
| EV/Sales Ratio | 4.18 | 4.22 | 5.48 | 6.26 | 4.47 | 6.00 |
| EV/EBITDA Ratio | 17.15 | 17.67 | 25.50 | 24.91 | 17.54 | 23.83 |
| EV/EBIT Ratio | 23.67 | 24.58 | 36.10 | 33.88 | 22.88 | 31.20 |
| EV/FCF Ratio | 224.46 | 197.34 | ||||
| Debt / Equity Ratio | 0.29 | 0.32 | 0.31 | 0.35 | 0.22 | 0.29 |
| Debt / EBITDA Ratio | 1.46 | 1.62 | 1.76 | 1.42 | 0.85 | 1.14 |
| Debt / FCF Ratio | 21.04 | 9.69 | ||||
| Net Debt / Equity Ratio | 0.24 | 0.23 | 0.24 | 0.29 | -0.04 | -0.23 |
| Net Debt / EBITDA Ratio | 1.23 | 1.19 | 1.40 | 1.19 | -0.17 | -0.89 |
| Net Debt / FCF Ratio | -33.34 | 15.11 | -2.25 | -0.99 | 0.32 | -7.40 |
| Asset Turnover | 0.49 | 0.49 | 0.50 | 0.58 | 0.64 | 0.71 |
| Inventory Turnover | 2.97 | 3.27 | 3.19 | 3.18 | 3.67 | 4.01 |
| Quick Ratio | 1.08 | 1.25 | 1.32 | 1.03 | 1.36 | 2.12 |
| Current Ratio | 1.61 | 1.76 | 1.84 | 1.50 | 1.83 | 2.56 |
| Return on Equity (ROE) | 9.13% | 9.67% | 9.28% | 13.69% | 15.57% | 23.32% |
| Return on Assets (ROA) | 5.45% | 5.23% | 4.76% | 6.71% | 7.81% | 8.49% |
| Return on Invested Capital (ROIC) | 8.01% | 8.47% | 7.71% | 12.78% | 18.26% | 22.43% |
| Return on Capital Employed (ROCE) | 10.60% | 10.20% | 9.10% | 13.40% | 16.10% | 15.00% |
| Earnings Yield | 2.82% | 2.99% | 2.05% | 2.22% | 3.21% | 2.57% |
| FCF Yield | -0.23% | 0.48% | -2.56% | -4.99% | -2.96% | 0.49% |
| Dividend Yield | 0.30% | 0.26% | 0.21% | 0.32% | 0.26% | |
| Payout Ratio | 11.15% | 10.54% | 12.28% | 9.81% | 9.45% | 8.34% |
| Buyback Yield / Dilution | -0.04% | -0.67% | -2.33% | -0.10% | -4.75% | -5.07% |
| Total Shareholder Return | 0.26% | -0.67% | -2.07% | 0.11% | -4.43% | -4.81% |