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.
Parrot S.A. is a French technology company specializing in the design, development, and marketing of professional micro-unmanned aerial vehicles (UAVs) and associated software solutions. Founded in 1994 by Henri Seydoux, who serves as Chairman and CEO, it has positioned itself as Europe’s leader in high-performance drones tailored for defense, public safety, government agencies, enterprises, and industrial operators globally. The company’s flagship ANAFI series, including ANAFI Ai, ANAFI USA, and ANAFI UKR, incorporates artificial intelligence for autonomous flight, detection, tracking, and analysis in challenging environments like GNSS-denied zones. Parrot also owns Pix4D, a premier provider of photogrammetry software enabling 3D mapping, modeling, and digital twins for sectors such as surveying, construction, agriculture, and environmental monitoring. Headquartered in Paris with over 400 employees and subsidiaries worldwide, Parrot emphasizes European R&D and manufacturing in the US and South Korea, generating most of its €78 million 2024 revenue internationally. It plays a pivotal role in advancing intelligence, surveillance, reconnaissance, and technical inspection applications in the evolving drone market.
The business is unprofitable at the operating level (-16.01% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 2.2%, essentially flat. Margins also contracted 7.0pp. This is a business that needs a catalyst.
Free cash flow declined 317% versus the prior year, cash generation momentum has weakened. ROIC dropped from -9.12% to -20.83%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€80M
▲ +2.2% YoY
Net Income (TTM)
-€15M
▼ -59.3% YoY
Op. Margin
-16.01%
▼ -7.0pp YoY
ROIC
-20.83%
▼ -11.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€10M
▼ -316.8% YoY
Op. Cash Flow (TTM)
-€8M
▼ -217.2% YoY
Net Debt
-€15M
Net Cash Position
Cash & Equiv.
€23M
3Y CAGR: +3.5%
Continue Research