Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Borussia Dortmund GmbH & Co. KGaA is a German sports entertainment company headquartered in Dortmund that operates one of Europe's most prominent professional football clubs. The company's core business involves managing the professional football team, generating revenue through multiple streams including match operations, broadcast rights, and sponsorship partnerships. The club operates the Signal Iduna Park, Germany's largest football stadium with over 81,000 seats, which serves as a major revenue driver through ticket sales and matchday hospitality services. Beyond core football operations, the company generates income from merchandise sales, stadium tours, and sports-related tourism offerings. The club is also known for its distinctive talent acquisition strategy, focusing on recruiting young players at lower costs and developing them for subsequent profitable transfers. Borussia Dortmund maintains a significant presence in European club competitions and serves as a major cultural and economic institution in the Rhineland region. Founded in 1909, the company was listed on the stock exchange in 2000 and remains the primary publicly-traded football club in Germany.
Operating margin is thin at 1.85%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3.3%, steady but not accelerating. Margins contracted 6.2pp, which offsets some of the top-line progress.
ROIC dropped from 11.58% to 1.95%, capital efficiency is deteriorating. Negative free cash flow of -€88M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (FY)
€526M
▲ +3.3% YoY
Net Income (FY)
€6M
▼ -85.3% YoY
Op. Margin
1.85%
▼ -6.2pp YoY
ROIC
1.95%
▼ -9.6pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-€88M
▲ +4.8% YoY
Op. Cash Flow (FY)
-€8M
▼ -113.7% YoY
Net Debt
-€8M
Net Cash Position
Cash & Equiv.
€21M
3Y CAGR: +14.4%
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