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Denmark
In shortWilliam Demant Invest A/s is profitable, generates cash and carries moderate debt, with revenue growing (+2.6% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 14.7% | 66/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 0.6% | 22/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 0.7% | 3/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.9% | 39/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.12× | 27/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.91× | 60/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 5.14× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.57× | 10/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.8% | 75/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 22.59× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 8.4% | 80/100 |
| Operating margin volatility | 3.4% | 79/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 5.7% | 48/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
DKK millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 23,643 | 25,468 | 28,696 | 29,287 | 30,060 |
| Cost of revenue | 6,825 | 7,083 | 8,082 | 7,673 | 8,057 |
| Gross profit | 16,818 | 18,385 | 20,614 | 21,614 | 22,003 |
| Research & development | 1,644 | 1,652 | 1,796 | 1,796 | 1,857 |
| Operating income | 4,834 | 5,342 | 3,978 | 5,720 | 4,425 |
| Interest expense | 431 | 835 | 2,585 | 2,017 | 1,719 |
| Pre-tax income | 4,459 | 4,652 | 1,805 | 3,907 | 2,821 |
| Income tax | 815 | 692 | 962 | 992 | 881 |
| Net income | 2,320 | 2,728 | (892) | 1,115 | 183 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Dec 31, 2025