Sulzer Past Earnings Performance
Past criteria checks 5/6
Sulzer has been growing earnings at an average annual rate of 31%, while the Machinery industry saw earnings growing at 7.5% annually. Revenues have been growing at an average rate of 4.2% per year. Sulzer's return on equity is 22.6%, and it has net margins of 8.2%.
Key information
30.99%
Earnings growth rate
31.01%
EPS growth rate
| Machinery Industry Growth | 3.61% |
| Revenue growth rate | 4.16% |
| Return on equity | 22.58% |
| Net Margin | 8.24% |
| Next Earnings Update | 28 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jul 01
SUN: Modest Margin Reset Will Still Support Future Upside
Analysts have adjusted their price target on Sulzer to CHF210 from CHF220, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What’s in the News for Sulzer No recent Sulzer specific news items were identified from the provided sources.
Narrative Update • Jun 16
SUN: Unchanged Outlook And Assumption Tweaks Will Likely Keep Shares Overpriced
The latest Sulzer analyst narrative keeps the fair value estimate steady at CHF 130.00, with analysts citing small adjustments to assumptions for the discount rate, revenue growth, profit margin and future P/E, rather than a change in their overall view on the stock. What’s in the News for Sulzer No recent Sulzer news items were available from the provided primary or secondary sources at the time of writing.Narrative Update • Jun 02
SUN: Stable Assumptions And Margins Will Support Future Upside
Analysts have kept their CHF 220.00 price target for Sulzer unchanged, pointing to relatively stable fair value assumptions along with slight adjustments to the discount rate, revenue growth, profit margin and future P/E inputs. What's in the News No recent company specific news items were provided in the available sources, so there are currently no discrete events to highlight for Sulzer.Narrative Update • May 18
SUN: Dividend Visibility And Firmer Margins Will Support Future Upside
Analysts have kept Sulzer's price target steady at CHF220. They point to only small model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in their overall view on the stock.Narrative Update • May 02
SUN: Higher Margins And Dividend Outlook Will Support Future Upside
Analysts have raised their price target for Sulzer from CHF 200 to CHF 220, citing updated assumptions that combine a lower revenue growth outlook with expectations for higher profit margins and a slightly adjusted P/E multiple. What's in the News Sulzer AG announced an annual dividend of CHF 4.75 per share.
Narrative Update • Apr 18
SUN: Future Upside Will Stem From Dividend Support And Higher Earnings Multiple
Analysts now set their Sulzer price target at CHF 187.40, compared with the prior CHF 171.67. They cite updated assumptions for modestly lower revenue growth, slightly higher profit margins and a higher future P/E multiple.Narrative Update • Apr 04
SUN: Stable Dividend And Unchanged Outlook Will Likely Keep Shares Overpriced
Analysts are keeping Sulzer's price target steady at CHF 130. Only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions do not materially change their overall valuation view.Narrative Update • Mar 21
SUN: Stable Dividend Outlook Will Likely Keep Shares Overpriced
Analysts are maintaining their CHF 130.00 price target for Sulzer, with only marginal adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions supporting this consistent view. What's in the News Sulzer AG declared an annual dividend of CHF 4.75 per share, with payment scheduled for April 21, 2026 (Key Developments).Narrative Update • Mar 07
SUN: Dividend And Weaker Margin Outlook Will Likely Keep Shares Overpriced
Analysts have maintained their CHF 130.00 price target for Sulzer, based on updated views on revenue growth, profit margins, a slightly higher discount rate, and expectations for a higher future P/E multiple. What's in the News Sulzer AG announced an annual dividend of CHF 4.75 per share, with payment scheduled for April 21, 2026 (Key Developments).Narrative Update • Feb 21
SUN: Minor Model Tweaks Will Likely Leave Shares Overpriced
Analysts have kept their CHF 130.00 price target for Sulzer unchanged, pointing to only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any shift in their overall view of the shares. Valuation Changes Fair Value: CHF 130.00 remains unchanged, signalling no revision to the headline valuation level.Narrative Update • Feb 06
SUN: Small Model Adjustments Will Likely Keep Shares Overpriced
Analysts have kept their price target for Sulzer steady at €130.00, citing only modest parameter updates to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major change in their overall outlook. Valuation Changes Fair Value: The fair value estimate remains unchanged at €130.00 per share, indicating no adjustment to the central valuation level.Analysis Article • Jan 31
Investors Will Want Sulzer's (VTX:SUN) Growth In ROCE To Persist
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...Narrative Update • Jan 23
SUN: Minor Model Tweaks Will Likely Keep Shares Overpriced
Analysts have maintained their price target for Sulzer at €130.00. They cited only minor model adjustments to the discount rate, revenue growth, profit margin and expected future P/E as reasons for reaffirming their view rather than changing it.Analysis Article • Jan 10
Why Sulzer Ltd (VTX:SUN) Could Be Worth Watching
While Sulzer Ltd ( VTX:SUN ) might not have the largest market cap around , it led the SWX gainers with a relatively...Narrative Update • Jan 09
SUN: Higher Margin Assumptions Will Likely Leave Shares Overpriced
Analysts now set their fair value estimate for Sulzer at €130, up from €89, citing updated assumptions on revenue growth, profit margins and future P/E as the key drivers of the higher target. Valuation Changes Fair value estimate raised from €89.0 to €130.0, reflecting a higher assessed worth for Sulzer shares in the updated model.Analysis Article • Dec 26
An Intrinsic Calculation For Sulzer Ltd (VTX:SUN) Suggests It's 47% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Sulzer fair value estimate is CHF276 Sulzer's CHF146 share...Narrative Update • Dec 25
SUN: Long-Term Upside Will Emerge As Tariff Headwinds Ease
Analysts have modestly raised their price target on Sulzer to CHF 171.67 per share, reflecting slightly lower discount rate assumptions and stable expectations for revenue growth, margins, and future valuation multiples. Valuation Changes Fair Value: unchanged at CHF 171.67 per share, indicating no revision to the intrinsic value estimate.Narrative Update • Dec 11
SUN: Long-Term Upside Will Emerge As Tariff Headwinds Ease
Analysts have trimmed their price target on Sulzer to CHF 173 from CHF 189, citing reduced estimates driven by softer demand from industrial and oil and gas customers amid tariff uncertainties and global conflicts. Analyst Commentary Analysts acknowledge that despite the reduced price target, Sulzer maintains a constructive investment case, with valuation and earnings expectations recalibrated to reflect a more challenging demand backdrop.Analysis Article • Dec 10
Earnings Tell The Story For Sulzer Ltd (VTX:SUN)
There wouldn't be many who think Sulzer Ltd's ( VTX:SUN ) price-to-earnings (or "P/E") ratio of 17.5x is worth a...Narrative Update • Nov 27
SUN: Long-Term Value Will Prevail Despite Softer Industrial Demand
Analysts have lowered their price target for Sulzer from CHF 189 to CHF 173, citing softer industrial and oil and gas demand due to ongoing tariff uncertainties and global conflicts. Analyst Commentary Analysts have shared their perspectives on Sulzer in light of the revised price target.Narrative Update • Nov 12
SUN: Diversified Sectors Will Drive Resilience Amid Tariff Uncertainty
Analysts have slightly lowered their price target for Sulzer to CHF 173 from CHF 189. They cite softer demand because of ongoing tariff uncertainties and global conflicts.Analysis Article • Nov 09
Does Sulzer (VTX:SUN) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Narrative Update • Oct 29
Long-Term Recovery Expected If Tariff Pressures And Demand Headwinds Ease
Analysts have slightly reduced their price target for Sulzer from CHF 189 to CHF 173. They cite expectations of softer demand in its key industrial and oil and gas segments due to tariff uncertainties and global conflicts.Narrative Update • Oct 15
Decarbonization And Water Trends Will Shape Environmental Futures
The analyst price target for Sulzer has been adjusted downward by CHF 4.17 to CHF 171.67. This reflects tempered expectations due to softer industrial demand and ongoing global uncertainties according to analysts.Analysis Article • Oct 14
Sulzer (VTX:SUN) Might Have The Makings Of A Multi-Bagger
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Narrative Update • Sep 26
Decarbonization And Water Trends Will Shape Environmental Futures
Sulzer’s analyst price target was revised upward despite a slight dip in consensus revenue growth forecasts, as the stock’s future P/E multiple climbed, indicating increased market confidence and resulting in a new target of CHF175.83. What's in the News Sulzer's Bioflux technology has been selected for a scalable 15KTA Sustainable Aviation Fuel (SAF) pilot plant in Sarawak, targeting regional SAF demand.Analysis Article • Aug 12
Cautious Investors Not Rewarding Sulzer Ltd's (VTX:SUN) Performance Completely
There wouldn't be many who think Sulzer Ltd's ( VTX:SUN ) price-to-earnings (or "P/E") ratio of 19.5x is worth a...
New Narrative • Mar 02
Focus On Essential Industries And Operational Efficiencies Will Drive Future Success
Strategic expansion in growing essential industries and innovation hubs boosts order intake and sales growth, enhancing future revenues and earnings.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Sulzer makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 3,555 | 293 | 705 | 78 |
| 30 Sep 25 | 3,565 | 283 | 711 | 77 |
| 30 Jun 25 | 3,575 | 273 | 717 | 76 |
| 31 Mar 25 | 3,553 | 267 | 719 | 76 |
| 31 Dec 24 | 3,531 | 262 | 721 | 76 |
| 30 Sep 24 | 3,455 | 252 | 719 | 75 |
| 30 Jun 24 | 3,379 | 242 | 716 | 73 |
| 31 Mar 24 | 3,331 | 235 | 707 | 72 |
| 31 Dec 23 | 3,282 | 229 | 699 | 71 |
| 30 Sep 23 | 3,273 | 205 | 689 | 70 |
| 30 Jun 23 | 3,265 | 181 | 680 | 69 |
| 31 Mar 23 | 3,222 | 105 | 701 | 68 |
| 31 Dec 22 | 3,180 | 29 | 723 | 66 |
| 30 Sep 22 | 3,179 | 29 | 730 | 66 |
| 30 Jun 22 | 3,177 | 30 | 737 | 66 |
| 31 Mar 22 | 3,166 | 84 | 709 | 65 |
| 31 Dec 21 | 3,155 | 138 | 682 | 64 |
| 30 Jun 21 | 2,864 | 113 | 620 | 53 |
| 31 Mar 21 | 2,916 | 90 | 635 | 58 |
| 31 Dec 20 | 2,968 | 68 | 650 | 64 |
| 30 Sep 20 | 3,436 | 94 | 740 | 84 |
| 30 Jun 20 | 3,553 | 104 | 760 | 84 |
| 31 Mar 20 | 3,641 | 129 | 773 | 85 |
| 31 Dec 19 | 3,729 | 154 | 787 | 86 |
| 30 Sep 19 | 3,638 | 137 | 774 | 86 |
| 30 Jun 19 | 3,547 | 121 | 762 | 87 |
| 31 Mar 19 | 3,456 | 117 | 753 | 87 |
| 31 Dec 18 | 3,365 | 114 | 744 | 86 |
| 30 Sep 18 | 3,288 | 109 | 738 | 85 |
| 30 Jun 18 | 3,212 | 104 | 731 | 84 |
| 31 Mar 18 | 3,130 | 94 | 719 | 83 |
| 31 Dec 17 | 3,049 | 83 | 707 | 81 |
| 30 Sep 17 | 2,987 | 64 | 685 | 79 |
| 30 Jun 17 | 2,924 | 46 | 664 | 77 |
| 31 Mar 17 | 2,901 | 52 | 652 | 74 |
| 31 Dec 16 | 2,877 | 59 | 641 | 71 |
| 30 Sep 16 | 2,918 | 78 | 650 | 72 |
| 30 Jun 16 | 2,959 | 98 | 660 | 72 |
| 31 Mar 16 | 2,965 | 86 | 659 | 73 |
| 31 Dec 15 | 2,971 | 74 | 659 | 73 |
| 30 Sep 15 | 3,042 | -62 | 662 | 73 |
Quality Earnings: SUN has high quality earnings.
Growing Profit Margin: SUN's current net profit margins (8.2%) are higher than last year (7.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SUN's earnings have grown significantly by 31% per year over the past 5 years.
Accelerating Growth: SUN's earnings growth over the past year (11.8%) is below its 5-year average (31% per year).
Earnings vs Industry: SUN earnings growth over the past year (11.8%) exceeded the Machinery industry -7.1%.
Return on Equity
High ROE: SUN's Return on Equity (22.6%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/23 17:59 |
| End of Day Share Price | 2026/07/23 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sulzer AG is covered by 18 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zana Mamelli | Baader Helvea Equity Research |
| Allan Smylie | Barclays |
| Martin Wuermli | Berenberg |