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.
Rheinmetall AG is a leading international systems supplier in the defence and security industries, headquartered in Düsseldorf, Germany. The company operates through five main divisions: Air Defence, Digital Systems, Naval Systems, Vehicle Systems, and Weapon and Ammunition. Rheinmetall develops and manufactures armored vehicles, artillery systems, air defence solutions, anti-tank weapons, ammunition, and electronic systems for armed and security forces worldwide. The company also provides components and systems for civil industries, including mobility and power solutions through its various business segments. With operations across multiple continents, Rheinmetall serves government and military customers globally while maintaining a commitment to sustainability, targeting CO2 neutrality by 2035. As a technologically advanced integrated technology group, Rheinmetall combines decades of defence industry expertise with innovative product development across security and mobility markets.
€1178.60
+€8.40 (+0.72%)
EOD Jun 18, 2026 · Twelve Data
17.13% operating margin is respectable but not wide. ROIC at 18.47%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 1.9%, essentially flat. This is a business that needs a catalyst.
At 75x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
75.2x earnings, 65.2x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€9.57B
▲ +1.9% YoY
Net Income (TTM)
€857M
▲ +3.3% YoY
Op. Margin
17.76%
▲ +2.7pp YoY
ROIC
18.47%
▲ +2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€843M
▲ +43.2% YoY
Op. Cash Flow (TTM)
€1.14B
▲ +59.3% YoY
Net Debt
-€409M
Net Cash Position
Cash & Equiv.
€1.69B
3Y CAGR: +15.7%
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