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.
init innovation in traffic systems SE is a German technology company specializing in intelligent transportation systems (ITS) for public transit. Founded in 1983 as a university spin-off in Karlsruhe, it develops and supplies integrated software, hardware, and services for planning, dispatching, telematics, ticketing, and optimizing bus and rail operations worldwide. Key solutions include intermodal transport control, real-time passenger information, electronic ticketing, automatic passenger counting, fare collection, revenue management, operations control, electromobility support, and open mobility platforms. With over 1,400 employees across more than 30 subsidiaries in regions like Europe, North America, the Middle East, Asia-Pacific, and Oceania, the company serves more than 1,400 transport providers, managing over 250,000 vehicles. As a Societas Europaea (SE) listed publicly since 2001, init innovation in traffic systems SE holds a leading position in the global public transport sector, emphasizing innovation, reliability, and sustainability to enhance efficiency and passenger experience.
Operating margin is thin at 9.62%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 24.1%, 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)
€357M
▲ +24.1% YoY
Net Income (TTM)
€22M
▲ +27.7% YoY
Op. Margin
9.98%
ROIC
9.26%
▲ +0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€19M
▲ +513.0% YoY
Op. Cash Flow (TTM)
€19M
▲ +3238.7% YoY
Net Debt
€59M
Cash & Equiv.
€25M
3Y CAGR: +19.9%
3Y CAGR: +27.7%
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