Airbus
Company Overview
Sector : Industrials
Industry : Aerospace & Defense
Headquarter : Leiden, Netherlands (Legal), Blagnac,Toulouse, France (Operational)
Description : Airbus SE, together with its subsidiaries, engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The Airbus segment develops, manufactures, markets, and sells commercial jet passenger aircraft, freighter aircraft, regional turboprop aircraft, and aircraft components, as well as provides aircraft conversion and related services. The Airbus Helicopters segment develops, manufactures, markets, and sells civil and military helicopters; and provides uncrewed aerial systems and their related services. The Airbus Defence and Space segment designs, develops, delivers, and supports crewed and uncrewed military air systems and related services. This segment also offers civil and defence space systems for telecommunications, earth observations, navigation, and science and orbital systems; and services around data processing from platforms, secure communication, and cyber security. The company was formerly known as Airbus Group SE and changed its name to Airbus SE in April 2017. The company was incorporated in 1998 and is headquartered in Leiden, the Netherlands.
S&P Credit Rating
A
CEO
Guillaume Faury
No. of Employees
165,294
Website
www.airbus.com
Airbus SE | Key Metrics
| Fiscal Year End Dec | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 66,580 | 66,770 | 63,710 | 70,480 | 49,910 | 52,150 | 58,760 | 65,450 | 69,230 | 73,420 |
| Revenue Growth % | 3.31% | 0.28% | (4.58%) | 10.63% | (29.18%) | 4.48% | 12.68% | 11.37% | 5.78% | 6.05% |
| Gross Profit | 5,260 | 7,610 | 8,790 | 10,510 | 5,660 | 9,630 | 10,570 | 10,040 | 10,680 | 10,970 |
| Gross Margin % | 7.91% | 11.39% | 13.79% | 14.91% | 11.34% | 18.47% | 17.99% | 15.35% | 15.42% | 14.94% |
| Operating Income | (430) | 2,360 | 3,140 | 1,020 | 660 | 4,830 | 5,250 | 4,270 | 4,800 | 5,240 |
| Operating Margin % | (0.64%) | 3.54% | 4.92% | 1.45% | 1.33% | 9.27% | 8.94% | 6.52% | 6.94% | 7.13% |
| EBIT | 1,630 | 4,960 | 4,560 | 1,220 | (830) | 5,290 | 5,300 | 4,800 | 5,520 | 6,390 |
| EBIT Margin % | 2.45% | 7.43% | 7.16% | 1.73% | (1.67%) | 10.15% | 9.02% | 7.33% | 7.98% | 8.70% |
| EBITDA | 3,930 | 7,260 | 7,010 | 4,150 | 2,000 | 7,620 | 8,020 | 7,040 | 8,380 | 9,520 |
| EBITDA Margin % | 5.90% | 10.87% | 11.00% | 5.89% | 4.00% | 14.61% | 13.64% | 10.76% | 12.10% | 12.97% |
| Net Income | 1,000 | 2,870 | 3,050 | (1,360) | (1,130) | 4,210 | 4,250 | 3,790 | 4,230 | 5,220 |
| Net Margin % | 1.50% | 4.31% | 4.73% | (1.88%) | (2.34%) | 8.00% | 7.04% | 5.52% | 5.89% | 6.76% |
| Diluted EPS (€) | 1.29 | 3.70 | 3.92 | (1.75) | (1.45) | 5.36 | 5.39 | 4.80 | 5.35 | 6.60 |
| Dividend Per Share (€) | 1.30 | 1.35 | 1.50 | 1.65 | — | — | 1.50 | 1.80 | 2.80 | 3.00 |
| Balance Sheet | ||||||||||
| Total Assets | 111,130 | 113,940 | 115,200 | 114,410 | 110,100 | 107,050 | 115,940 | 118,870 | 129,210 | 134,940 |
| Total Liabilities | 107,480 | 100,590 | 105,480 | 108,420 | 103,640 | 97,560 | 102,960 | 101,140 | 109,520 | 108,760 |
| Total Equity | 3,650 | 13,350 | 9,720 | 5,990 | 6,460 | 9,490 | 12,980 | 17,730 | 19,700 | 26,180 |
| Cash & Equivalents | 10,140 | 12,020 | 9,410 | 9,310 | 14,440 | 14,570 | 15,820 | 16,470 | 15,000 | 14,130 |
| Working Capital | (400) | 3,800 | (2,140) | (5,650) | 8,630 | 7,990 | 10,410 | 10,250 | 8,810 | 10,140 |
| Book Value Per Share (€) | 4.73 | 17.24 | 12.54 | 7.64 | 8.22 | 12.05 | 16.44 | 22.47 | 24.88 | 33.04 |
| Total Debt / Equity | 2.60 | 0.75 | 0.79 | 1.45 | 2.42 | 1.42 | 0.85 | 0.64 | 0.57 | 0.42 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 4,370 | 4,440 | 2,320 | 3,750 | (5,420) | 4,640 | 6,290 | 6,260 | 7,400 | 8,000 |
| Cash from Investing | (830) | (2,530) | (1,640) | (2,860) | 4,130 | (2,720) | (3,110) | (4,130) | (6,650) | (4,680) |
| Cash from Financing | (120) | 320 | (3,220) | (960) | 6,830 | (2,180) | (2,120) | (1,280) | (2,570) | (3,470) |
| Capital Expenditure | 3,060 | 2,560 | 2,290 | 2,340 | 1,760 | 1,930 | 2,460 | 3,050 | 3,670 | 3,960 |
| Free Cash Flow | 60 | 1,620 | 670 | (800) | 1,060 | 1,640 | 2,400 | 2,000 | 2,400 | 3,930 |
| Change in Cash | 3,420 | 2,240 | (2,540) | (70) | 5,540 | (260) | 1,060 | 850 | (1,820) | (160) |
| Period ending Dec | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue % | ||||||||||
| Year Over Year | 3.31% | 0.28% | (4.58%) | 10.63% | (29.18%) | 4.48% | 12.68% | 11.37% | 5.78% | 6.05% |
| 3-Year Average | 3.96% | 3.22% | (0.39%) | 1.91% | (9.24%) | (6.46%) | (5.88%) | 9.45% | 9.90% | 7.71% |
| 5-Year Average | 6.27% | 3.40% | 1.46% | 3.03% | (4.98%) | (4.77%) | (2.52%) | 0.54% | (0.36%) | 8.02% |
| 10-Year Average | 5.38% | 5.49% | 3.95% | 5.11% | 0.87% | 0.60% | 0.40% | 1.00% | 1.32% | 1.31% |
| Operating Income % | ||||||||||
| Year Over Year | — | — | 32.78% | (67.40%) | (35.03%) | 627.86% | 8.67% | (18.77%) | 12.61% | 8.99% |
| 3-Year Average | — | (5.39%) | 4.59% | — | (34.48%) | 15.52% | 72.57% | 85.90% | (0.20%) | (0.10%) |
| 5-Year Average | — | 6.52% | 8.86% | (18.19%) | (24.68%) | — | 17.34% | 6.35% | 36.28% | 51.14% |
| 10-Year Average | — | — | 1.24% | — | (5.64%) | 14.18% | 11.80% | 7.60% | 5.59% | 6.69% |
| Net Income % | ||||||||||
| Year Over Year | (63.09%) | 188.74% | 6.30% | — | — | — | 0.81% | (10.78%) | 11.69% | 23.37% |
| 3-Year Average | (12.10%) | 7.03% | 4.24% | — | — | 11.32% | — | — | 0.15% | 7.12% |
| 5-Year Average | (0.82%) | 18.53% | 15.83% | — | — | 33.46% | 8.13% | 4.41% | — | — |
| 10-Year Average | 24.08% | — | 6.70% | — | — | 15.05% | 13.21% | 9.97% | 6.09% | 6.83% |
| EPS % | ||||||||||
| Year Over Year | (62.28%) | 186.82% | 5.95% | — | — | — | 0.56% | (10.95%) | 11.46% | 23.36% |
| 3-Year Average | (11.16%) | 7.36% | 4.65% | — | — | 10.99% | — | — | (0.06%) | 6.98% |
| 5-Year Average | 0.31% | 19.79% | 16.33% | — | — | 32.96% | 7.81% | 4.13% | — | — |
| 10-Year Average | 26.81% | — | 7.23% | — | — | 15.49% | 13.64% | 10.06% | 5.99% | 6.80% |
| Fiscal Year End Dec | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||||
| Return on Assets % | 0.91% | 2.55% | 2.67% | (1.19%) | (1.01%) | 3.88% | 3.81% | 3.23% | 3.41% | 3.95% |
| Return on Equity % | 20.68% | 33.79% | 26.47% | (17.35%) | (18.24%) | 52.96% | 37.89% | 24.73% | 22.69% | 22.84% |
| Return on Invested Capital % | 9.12% | 17.11% | 15.98% | (7.77%) | (4.96%) | 19.70% | 18.91% | 14.39% | 14.37% | 15.44% |
| Working Capital Efficiency | ||||||||||
| Days Sales Outstanding | 43.80 | 44.99 | 41.35 | 30.43 | 39.51 | 35.68 | 31.11 | 26.99 | 26.41 | 26.71 |
| Days Inventory | 155.16 | 168.67 | 187.42 | 171.08 | 227.64 | 225.14 | 198.14 | 180.84 | 183.22 | 192.68 |
| Payables Period | 72.31 | 80.13 | 98.63 | 94.47 | 97.04 | 79.04 | 86.93 | 90.86 | 87.62 | 86.70 |
| Cash Conversion Cycle | 126.65 | 133.53 | 130.14 | 107.04 | 170.11 | 181.78 | 142.33 | 116.96 | 122.01 | 132.70 |
| Asset Turnover | ||||||||||
| Receivables Turnover | 8.33 | 8.11 | 8.83 | 11.99 | 9.24 | 10.23 | 11.73 | 13.52 | 13.82 | 13.66 |
| Inventory Turnover | 2.35 | 2.16 | 1.95 | 2.13 | 1.60 | 1.62 | 1.84 | 2.02 | 1.99 | 1.89 |
| Fixed Assets Turnover | 3.91 | 3.98 | 3.82 | 4.14 | 2.94 | 3.14 | 3.56 | 3.88 | 3.81 | 3.67 |
| Asset Turnover | 0.61 | 0.59 | 0.56 | 0.61 | 0.44 | 0.48 | 0.53 | 0.56 | 0.56 | 0.56 |
| Fiscal Year End Dec | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liquidity | ||||||||||
| Current Ratio | 0.99 | 1.07 | 0.96 | 0.91 | 1.17 | 1.17 | 1.20 | 1.19 | 1.15 | 1.16 |
| Quick Ratio | 0.38 | 0.43 | 0.34 | 0.33 | 0.49 | 0.50 | 0.50 | 0.50 | 0.45 | 0.42 |
| Leverage & Solvency | ||||||||||
| Interest Coverage | 3.20 | 8.91 | 9.85 | 3.76 | (1.59) | 15.24 | 13.32 | 7.31 | 7.03 | 9.25 |
| Financial Leverage | 30.39 | 8.54 | 11.85 | 19.15 | 17.08 | 11.31 | 8.95 | 6.72 | 6.59 | 5.17 |
| Debt / Equity | 2.40 | 0.67 | 0.77 | 1.37 | 2.19 | 1.38 | 0.82 | 0.58 | 0.53 | 0.35 |
| Per Share | ||||||||||
| Book Value Per Share (€) | 8.14 | 14.85 | 12.29 | 6.04 | 2.44 | 11.18 | 8.08 | 19.38 | 24.22 | 29.99 |
| Cash Value Per Share (€) | 13.13 | 15.52 | 12.13 | 11.91 | 18.42 | 18.55 | 20.09 | 20.92 | 19.04 | 17.95 |
| Capital Expenditure | ||||||||||
| Capex as % of Sales | 4.60% | 3.83% | 3.59% | 3.32% | 3.52% | 3.70% | 4.19% | 4.66% | 5.30% | 5.40% |
| Fiscal Year End Dec | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow Growth | ||||||||||
| Operating CF Growth % YoY | 21.36% | 1.72% | (47.84%) | 61.91% | — | — | 35.55% | (0.52%) | 18.34% | — |
| Free Cash Flow Growth % YoY | 93.64% | 44.08% | (98.25%) | 4,181.82% | — | — | 41.06% | (16.21%) | 16.51% | — |
| Cash Flow Margins & Quality | ||||||||||
| Free Cash Flow / Sales % | 1.97% | 2.82% | 0.05% | 2.00% | (14.38%) | 5.20% | 6.51% | 4.90% | 5.39% | 5.49% |
| Free Cash Flow / Net Income | 1.32 | 0.66 | 0.01 | (1.04) | 6.34 | 0.64 | 0.90 | 0.85 | 0.88 | 0.77 |
| Free Cash Flow Per Share (€) | (1.48) | 1.36 | 0.58 | 0.53 | (6.83) | 8.97 | 3.33 | 2.72 | 1.93 | 4.51 |
| Fiscal Year End Dec | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Price Multiples | ||||||||||
| Price / Sales | 0.77 | 0.97 | 1.02 | 1.47 | 1.29 | 1.61 | 1.59 | 1.75 | 1.82 | 2.17 |
| Price / Earnings | 18.81 | 61.94 | 26.32 | 26.90 | — | 21.08 | 21.11 | 27.52 | 37.48 | 31.00 |
| Price / Forward Earnings | — | — | — | 15.42 | 21.70 | 18.21 | 17.76 | 21.52 | 16.14 | 19.40 |
| Price / Cash Flow | 17.43 | 18.98 | 17.64 | 17.22 | — | 22.60 | 20.13 | 24.05 | 24.26 | 20.83 |
| Price / Book | 7.72 | 5.59 | 6.83 | 21.46 | 36.76 | 10.05 | 13.74 | 7.23 | 6.41 | 6.63 |
| PEG Ratio | 0.66 | 23.37 | 2.38 | 1.49 | — | 2.15 | 0.45 | 2.67 | 5.66 | 4.59 |
| Earnings & Enterprise Value | ||||||||||
| Earnings Yield % | 5.32% | 1.61% | 3.80% | 3.72% | (8.90%) | 4.74% | 4.74% | 3.63% | 2.67% | 3.23% |
| Enterprise Value (€ Bil) | 50.60 | 65.61 | 65.88 | 104.66 | 74.05 | 84.58 | 81.82 | 104.51 | 119.76 | 154.78 |
| EV / EBIT | 14.98 | 31.71 | 13.73 | 19.42 | — | 15.81 | 15.72 | 21.61 | 26.60 | 23.34 |
| EV / EBITDA | 8.77 | 14.96 | 9.18 | 12.86 | — | 10.88 | 10.87 | 13.89 | 17.11 | 16.23 |