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.
CSG N.V. is a Dutch-incorporated leading European defence and industrial conglomerate, headquartered in Prague, Czech Republic, encompassing over 100 subsidiaries and more than 14,000 employees worldwide. Founded through the evolution of Excalibur Army in 1995, it specializes in developing, producing, and selling advanced defence technologies across three core segments: Defence Systems, Ammo+, and Others. The Defence Systems division offers military vehicles like the Pandur 8×8 EVO, temporary bridge systems, special weapon systems, medium and large-calibre ammunition—where it holds Europe's top position—and radar, air traffic control, and anti-drone technologies. The Ammo+ segment, bolstered by the 2024 acquisition of The Kinetic Group (brands including Remington and Fiocchi), leads globally in small-calibre ammunition production. With operations in over 40 facilities across Czechia, Slovakia, the US, Germany, UK, Italy, Serbia, Spain, and India, CSG serves NATO governments and clients in more than 70 countries, emphasizing sectors like aerospace, automotive, and rail. In 2024, it reported EUR 5.1 billion in revenues, dominated by Defence Systems at 66.4%, underscoring its pivotal role in enhancing global security and industrial capabilities.
Margins and capital returns are both well above average: 22.99% operating margin, ROIC at 28.18%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 198.8%, still solid.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
€5.18B
▲ +198.8% YoY
Net Income (TTM)
€657M
▲ +212.3% YoY
Op. Margin
22.99%
▲ +1.5pp YoY
ROIC
28.18%
▲ +26.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€739M
▲ +492.0% YoY
Op. Cash Flow (TTM)
€851M
▲ +337.4% YoY
Net Debt
€1.67B
Cash & Equiv.
€1.25B
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