Stevanato Group S.p.A. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Stevanato Group S.p.A. files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	537	662	844	984	1,085	1,104	1,186
Cost of revenue	399	468	579	664	745	802	842
Gross profit	138	194	265	320	340	302	344
Research and development	7.83	17.4	29.6	34.4	35.7	31.7	25.4
Operating income	62.2	103	162	192	201	161	199
Interest expense	15.3	21.8	18.8	29.8	17.9	14.3	22.7
Interest income	8.01	14.9	21.7	25.1	6.76	13.5	13
Pre-tax income	54.7	96.3	166	188	190	160	189
Income tax	16	17.7	31.4	44.6	43.9	42.5	49.3
Net income to minority interests	-0.49	0.08	-0.05	0.17	0.06	-0.01	-0.01
Net income	39.2	78.5	134	143	146	118	140
EBITDA	108	157	219	257	279
EPS, basic	0.16	0.33	0.53	0.54	0.55	0.43	0.51
EPS, diluted	0.16	0.33	0.53	0.54	0.55	0.43	0.51

Balance sheet

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	85.4	116	411	229	69.6	98.3	131
Inventory		139	149	213	255	245	268
Total current assets		493	866	846	862	880	943
Property, plant and equipment		314	393	641	1,028	1,248	1,392
Lease right-of-use assets		25.4	22.7	19.3	18.2	15.7	12.4
Goodwill		47.2	47.2	47.2	50	50	50
Intangible assets		33.9	31.9	32.2	31	33.6	36.9
Total assets		968	1,419	1,660	2,072	2,329	2,544
Accounts payable		163	231	309	354	298	342
Total current liabilities		316	339	463	574	477	536
Lease liabilities		20.2	17.6	14.7	13.1	11.8	9.38
Total liabilities		658	577	664	939	924	1,057
Total debt		336	220	198	378	412	455
Retained earnings		237	307	436	543	653	737
Shareholders' equity		310	842	996	1,133	1,404	1,486
Minority interests		-0.36	-0.42	-0.22	0.12	0.05	0.04
Total equity	265	310	842	996	1,133	1,404	1,487
Total liabilities and equity		968	1,419	1,660	2,072	2,329	2,544

Cash flow statement

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	38.7	78.6	134	143	146	118	140
Depreciation and amortization	46.2	54.1	56.4	64.8	78.5
Cash from operations	42.6	156	133	103	105	156	286
Capital expenditures	-68.1	-89.6	-108	-235	-433	-303	-264
Cash from investing	-74.3	-96.1	-96.4	-243	-421	-310	-273
Debt issued	102	51.9	8.05	13.2	248	190	150
Debt repaid	-49.2	-63.1	-122	-37.6	-69	-156	-107
Stock issued			380			170
Dividends paid	-6.17	-8.9	-11.2	-13.5	-14.3	-14.5	-14.7
Cash from financing	42.2	-26.5	255	-44.5	158	183	22.1
Exchange rate effect	0.46	-2.84	3.68	1.88	-1.16	-0.12	-2.89
Free cash flow	-25.5	66.1	25.6	-132	-328	-147	22.3
Interest paid	4.71	5.37	4.39	3.47	3.15	7.41	6.96
Income taxes paid	29.2	19	29.2	25.8	76.8	64.3	59.9

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	29.0%	Gross profit / revenue.
Operating margin	16.8%	Operating income / revenue.
Pre-tax margin	15.9%	Pre-tax income / revenue.
Net margin	11.8%	Net income / revenue.
FCF margin	1.9%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	24.1%	Cash from operations / revenue.
Effective tax rate	26.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	9.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	5.7%	Net income / average total assets.
Return on invested capital (ROIC)	8.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	2.1%	Research and development expense / revenue.
Capex / revenue	22.2%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	7.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	6.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	12.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	13.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	2.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	12.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	23.4%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	1.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	14.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	18.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-0.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	12.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	18.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-1.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	9.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	83.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	40.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	12.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-19.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	5.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	14.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	36.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	9.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	15.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	21.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.76x	Current assets / current liabilities.
Quick ratio	0.24x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.24x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.31x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	17.9%	Total debt / total assets.
Liabilities / assets	41.6%	Total liabilities / total assets.
Net debt	€324.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	8.77x	Operating income / interest expense.
Working capital	€407.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	3.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	€1.40B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.49x	Revenue / average total assets.
Fixed asset turnover	0.90x	Revenue / average property, plant and equipment.
Inventory turnover	3.28x	Cost of revenue / average inventory.
Days inventory	111 days	365 x average inventory / cost of revenue.
Days payables	139 days	365 x average accounts payable / cost of revenue.
FCF conversion	16.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	92.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	€0.51	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	€0.51	Net income per basic share, as reported (split-adjusted).
Payout ratio	10.5%	Dividends paid / net income, when net income is positive.
Dividends / FCF	66.0%	Dividends paid / free cash flow, when free cash flow is positive.

What was Stevanato Group S.p.A.'s revenue in fiscal 2025?

Stevanato Group S.p.A. reported revenue of €1.19B for fiscal 2025, 7.4% higher than the year before.

Was Stevanato Group S.p.A. profitable in fiscal 2025?

Yes. Net income was €139.8M, a net margin of 11.8%.

How much free cash flow did Stevanato Group S.p.A. generate in fiscal 2025?

Cash from operations of €286.1M minus capital expenditures of €263.8M left free cash flow of €22.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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