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.
Iveco Group N.V. is a global automotive leader specializing in the design, manufacture, marketing, sale, servicing, and financing of commercial and specialty vehicles, powertrains, and related services. Operating through segments including Truck, Bus, Defence, Powertrain, and Financial Services, it produces light, medium, and heavy-duty trucks under the IVECO brand; minibuses, city buses, intercity buses, and coaches via IVECO BUS and HEULIEZ; defense and civil protection vehicles under IDV; and heavy-duty quarry and construction equipment under ASTRA. FPT Industrial provides advanced powertrains, combustion engines, alternative propulsion systems, transmissions, and axles for on- and off-road, marine, and power generation applications. With a strong emphasis on sustainable technologies like natural gas, electric, and fuel cell solutions, Iveco Group N.V. maintains market leadership in segments such as Europe's natural gas long-haul trucks and intercity buses. Employing around 36,000 people, it operates 27 production sites worldwide, with sales primarily in Europe, South America, and beyond, headquartered in Turin, Italy, since its 1975 origins and 2022 spin-off from CNH Industrial.
Operating margin is thin at 5.09%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 12.2% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 10.41% to 5.64%, capital efficiency is deteriorating. Net debt of €3.15B represents 9.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€13.72B
▼ -12.2% YoY
Net Income (TTM)
€1.42B
▼ -17.9% YoY
Op. Margin
4.07%
▼ -1.7pp YoY
ROIC
5.64%
▼ -4.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€261M
▲ +35.1% YoY
Op. Cash Flow (TTM)
€1.82B
▼ -55.3% YoY
Net Debt
€3.15B
Cash & Equiv.
€2.91B
3Y CAGR: -2.2%
3Y CAGR: -19.0%
Continue Research