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.
secunet Security Networks AG is Germany's leading cybersecurity company, specializing in resilient digital infrastructures and high-security solutions for data, applications, and identities. Founded in 1997 as a spin-off from TÜV Mitte AG and headquartered in Essen, the firm develops, manufactures, and integrates hardware and software for secure networking, border control, healthcare telematics, and defense applications. Key products include the SINA architecture for classified networks accredited to NATO and EU SECRET levels, EasyPASS automated border systems, biomiddle middleware for eID documents, SecuStack secure cloud platforms, and Stashcat messaging for authorities. Serving federal ministries, over 20 DAX-listed corporations, EU institutions, police, and industries like eHealth, homeland security, and IIoT, it ensures digital sovereignty amid cyber threats. With over 1,000 employees across multiple German locations, secunet generated approximately 406 million euros in sales in 2024, upholding values of integrity, cooperation, and proficiency while maintaining ISO 9001-certified quality and robust compliance programs.
11.37% operating margin is respectable but not wide. ROIC at 18.66%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 12.9%, 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)
€459M
▲ +12.9% YoY
Net Income (TTM)
€33M
▲ +19.3% YoY
Op. Margin
11.37%
▲ +0.7pp YoY
ROIC
18.66%
▲ +1.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€54M
▲ +15.8% YoY
Op. Cash Flow (TTM)
€54M
▲ +15.7% YoY
Net Debt
-€67M
Net Cash Position
Cash & Equiv.
€88M
3Y CAGR: +9.7%
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