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.
Knorr-Bremse AG is a German-based global leader in manufacturing braking systems and other subsystems for rail and commercial vehicles, operating since 1905 from its headquarters in Munich. The company specializes in advanced braking technologies, intelligent door systems, control components, air conditioning, HVAC systems, auxiliary power supplies, driver assistance systems, and torsional vibration dampers, serving mass transit vehicles, freight trains, locomotives, high-speed trains, trucks, buses, trailers, and agricultural machinery. With over 30,500 employees across more than 100 locations in 30 countries, Knorr-Bremse generated approximately EUR 7.9 billion in sales in 2024, split between its Rail Vehicle Systems and Commercial Vehicle Systems divisions. Its innovations, including anti-lock braking systems, electronic braking systems, and recent acquisitions like Alstom's rail signalling business and Duagon AG, underscore its commitment to safety, efficiency, and sustainability in mobility amid megatrends like urbanization and digitalization. Knorr-Bremse's shared core technologies enable synergies, positioning it as a key innovator in transport safety worldwide.
11.79% operating margin is respectable but not wide. ROIC at 20.42%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 0.8% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 22.47% to 20.42%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€7.82B
▼ -0.8% YoY
Net Income (TTM)
€572M
▲ +19.9% YoY
Op. Margin
11.79%
▲ +0.2pp YoY
ROIC
20.42%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€785M
▲ +12.8% YoY
Op. Cash Flow (TTM)
€1.02B
▲ +13.6% YoY
Net Debt
-€1.88B
Net Cash Position
Cash & Equiv.
€1.88B
3Y CAGR: +3.0%
3Y CAGR: +60.6%
Continue Research