Financials in USD. Standardized financial statements.
A compact view of how Vestas Wind Systems A/S turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $18.82B | $17.30B | $15.38B | $14.49B | $15.59B | $14.82B | $12.15B | $10.13B | $9.95B | $10.24B |
| Revenue Growth? | +8.8% | +12.4% | +6.2% | -7.1% | +5.2% | +22.0% | +19.9% | +1.8% | -2.8% | 0.0% |
| Cost of Revenue? | $16.32B | $15.24B | $14.10B | $14.37B | $14.03B | $13.28B | $10.39B | $8.50B | $7.99B | $8.11B |
| Gross Profit? | $2.50B | $2.06B | $1.28B | $118.00M | $1.56B | $1.54B | $1.76B | $1.63B | $1.96B | $2.13B |
| Gross Margin? | +13.3% | +11.9% | +8.3% | +0.8% | +10.0% | +10.4% | +14.5% | +16.1% | +19.7% | +20.8% |
| Operating Expenses? | $1.43B | $1.26B | $991.00M | $1.36B | $1.16B | $791.00M | $757.00M | $687.00M | $733.00M | $705.00M |
| Operating Income? | $1.07B | $794.00M | $292.00M | -$1.60B | $322.00M | $698.00M | $1.00B | $921.00M | $1.23B | $1.42B |
| EBITDA? | $2.24B | $1.76B | $1.13B | -$645.49M | $1.26B | $1.60B | $1.55B | $1.39B | $1.63B | $1.72B |
| Income Before Tax | $1.04B | $705.00M | $102.00M | -$1.70B | $257.00M | $934.00M | $909.00M | $910.00M | $1.19B | $1.29B |
| Income Tax Expense | $259.00M | $211.00M | $24.00M | -$124.00M | $81.00M | $163.00M | $209.00M | $227.00M | $298.00M | $322.00M |
| Net Income? | $778.00M | $499.00M | $77.00M | -$1.57B | $134.00M | $765.00M | $704.00M | $684.00M | $894.00M | $965.00M |
| EPS? | $0.78 | $0.50 | $0.08 | $-1.56 | $0.13 | $0.78 | $0.71 | $0.68 | $0.85 | $0.88 |
| Diluted EPS? | $0.77 | $0.49 | $0.08 | $-1.56 | $0.13 | $0.78 | $0.71 | $0.68 | $0.84 | $0.88 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality