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VOD · Nasdaq · United States · Radiotelephone Communications
In shortVODAFONE GROUP PUBLIC LTD CO is loss-making, generates cash and carries moderate debt, with revenue stable (+2.0% last year).
Financial health
Weak
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. | -1.1% | 13/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -11.1% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -7.4% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -0.3% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | – | n/a |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.01× | 55/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.34× | 19/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -0.21× | 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. | 29.5% | 100/100 |
|---|---|---|
| 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) | 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) | 3 of 5 | 0/100 |
| Revenue growth volatility | 7.1% | 85/100 |
| Operating margin volatility | 14.5% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 0.4% | 19/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 43,809 | 37,010 | 37,672 | 36,717 | 37,448 |
| Cost of revenue | 30,086 | 23,948 | 24,359 | 24,459 | 24,929 |
| Gross profit | 13,723 | 13,062 | 13,313 | 12,258 | 12,519 |
| Operating income | 5,129 | 5,740 | 14,451 | 3,665 | (411) |
| Interest expense | 1,027 | 1,842 | 1,609 | 2,626 | 1,931 |
| Pre-tax income | 4,347 | 4,149 | 13,074 | 1,620 | (1,478) |
| Income tax | 3,864 | 1,561 | 492 | 50 | 2,246 |
| Net income | 59 | 2,237 | 11,838 | 1,140 | (4,169) |
| Diluted EPS | €0.00 | €0.08 | €0.43 | €0.04 | −€0.16 |
| Diluted shares (millions) | 29,683 | 29,109 | 27,775 | 27,151 | 26,149 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
5/9
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: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 31, 2026 · Data updated Nov 14, 2025