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.
Intercos S.p.A. is a global leader in cosmetic contract manufacturing, specializing in the development, production, and packaging of beauty products since its founding in 1972 by Dario Ferrari in Agrate Brianza, Italy. The company serves as a key business-to-business partner for over 550 multinational brands, emerging labels, and retailers, delivering comprehensive solutions from concept to finished goods across makeup, skincare, and hair & body care segments. Its makeup division excels in color cosmetics like powders, foundations, lipsticks, mascaras, and nail lacquers, while skincare offers creams, serums, and lotions, and hair & body includes styling, hygiene, and fragrance products. Intercos maintains a worldwide footprint with 16 production plants, 11-12 research centers, and 16 commercial offices across Europe, North America, Asia, and beyond, employing around 5,500 to 6,400 people. Committing approximately 5% of sales to R&D, it drives innovation through advanced laboratories, patented technologies, and trend forecasting, holding a significant market share in outsourced color cosmetics. In 2024, Intercos achieved a milestone by surpassing €1 billion in revenue, underscoring its pivotal role in the dynamic beauty industry.
Operating margin is thin at 9.85%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.7% YoY. The question is whether this is cyclical or a structural shift.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
€1.05B
▼ -1.7% YoY
Net Income (TTM)
€50M
▲ +2.6% YoY
Op. Margin
9.85%
▲ +1.1pp YoY
ROIC
9.24%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€49M
▲ +44.1% YoY
Op. Cash Flow (TTM)
€122M
▲ +93.2% YoY
Net Debt
€101M
Cash & Equiv.
€152M
3Y CAGR: +7.8%
3Y CAGR: +15.6%
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