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.
Heidelberg Materials AG is a German multinational building materials company headquartered in Heidelberg, Germany, and one of the world's largest integrated producers of cement, aggregates, ready-mixed concrete, and asphalt. Formerly known as HeidelbergCement AG, it rebranded in 2022 and operates in over 50 countries with approximately 51,000 employees across nearly 3,000 sites, including around 130 cement plants boasting an annual capacity of 170 million tonnes, 1,300 ready-mixed concrete facilities, and 600 aggregates quarries. The company produces essential construction materials like natural stone aggregates (sand, gravel), crushed stones, precast concrete elements for infrastructure such as bridges, tunnels, buildings, and schools, alongside asphalt and trading in clinker, alternative fuels, and additives. Net sales are diversified by product—cement (about 45%), ready-mixed concrete and asphalt (24%), aggregates (21%), and others like lime and bricks (10%)—and geographically, with key markets in Europe (notably Germany), North America (USA, Canada), Asia-Pacific (Australia, Indonesia), and Africa-Mediterranean regions. As a DAX-listed entity, Heidelberg Materials AG plays a pivotal role in global construction, emphasizing sustainability through carbon neutrality goals by 2050 and circular economy initiatives. In 2024, it reported €21.2 billion in revenue, underscoring its market leadership in high-barrier upstream activities like cement and aggregates.
14.25% operating margin is respectable but not wide. ROIC at 8.18%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 1.4%, essentially flat. This is a business that needs a catalyst.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
€21.46B
▲ +1.4% YoY
Net Income (TTM)
€2.13B
▲ +11.0% YoY
Op. Margin
14.25%
▲ +0.8pp YoY
ROIC
8.18%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€1.84B
▲ +1.0% YoY
Op. Cash Flow (TTM)
€2.12B
▲ +14.4% YoY
Net Debt
€5.58B
Cash & Equiv.
€2.54B
3Y CAGR: +0.6%
3Y CAGR: +19.3%
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