Reading the annual reports…
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France
In shortEuroapi is loss-making, generates cash and holds more cash than debt, with revenue shrinking (−7.0% 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. | -15.4% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -24.9% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -23.8% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -12.4% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.60× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.06× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -11.16× | 0/100 |
| 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. | 15.1% | 81/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 4 of 4 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 4 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 3 | 0/100 |
| Revenue growth volatility | 7.2% | 84/100 |
| Operating margin volatility | 9.6% | 22/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -4.6% | 0/100 |
|---|---|---|
| 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.
The last 4 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 977 | 1,013 | 912 | 848 |
| Cost of revenue | 804 | 854 | 777 | 708 |
| Gross profit | 177 | 165 | 142 | 145 |
| Research & development | 22 | 30 | 26 | 27 |
| Operating income | (0.8) | (234) | (120) | (131) |
| Interest expense | 4.2 | 11 | 28 | 12 |
| Pre-tax income | 3.1 | (243) | (140) | (138) |
| Income tax | 18 | (53) | (9) | 73 |
| Net income | (15) | (190) | (131) | (211) |
| Diluted EPS | −€0.16 | −€2.02 | −€1.38 | −€2.23 |
| Diluted shares (millions) | 95 | 96 | 95 | 95 |
Not computed: a required balance-sheet item is missing.
6/9
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 Mar 27, 2026