Heidelberg Materials is forecast to grow earnings and revenue by 9% and 4.3% per annum respectively. EPS is expected to grow by 9.8% per annum. Return on equity is forecast to be 12.4% in 3 years.
Key information
9.0%
Earnings growth rate
9.80%
EPS growth rate
Basic Materials earnings growth
17.9%
Revenue growth rate
4.3%
Future return on equity
12.44%
Analyst coverage
Good
Last updated
21 May 2026
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
SWX:HEID - Analysts future estimates and past financials data (EUR Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
12/31/2028
24,503
2,806
2,618
4,087
14
12/31/2027
23,418
2,561
2,350
3,798
17
12/31/2026
22,064
2,313
2,200
3,637
16
12/31/2025
21,552
1,985
1,840
3,255
N/A
9/30/2025
21,603
1,922
1,867
3,273
N/A
6/30/2025
21,654
1,860
1,894
3,291
N/A
3/31/2025
21,452
1,803
1,858
3,261
N/A
12/31/2024
21,251
1,746
1,822
3,232
N/A
9/30/2024
21,020
1,800
1,897
3,234
N/A
6/30/2024
20,790
1,854
1,972
3,236
N/A
3/31/2024
21,024
1,943
1,924
3,221
N/A
12/31/2023
21,259
2,032
1,876
3,205
N/A
9/30/2023
21,474
1,933
1,546
2,894
N/A
6/30/2023
21,689
1,834
1,217
2,583
N/A
3/31/2023
21,428
1,720
1,151
2,502
N/A
12/31/2022
21,166
1,606
1,085
2,420
N/A
9/30/2022
20,482
1,593
776
2,266
N/A
6/30/2022
19,798
1,581
467
2,112
N/A
3/31/2022
19,293
1,693
676
2,254
N/A
12/31/2021
18,787
1,805
885
2,396
N/A
9/30/2021
18,569
1,802
1,493
2,728
N/A
6/30/2021
18,350
1,800
2,101
3,061
N/A
3/31/2021
18,006
-133
2,080
3,044
N/A
12/31/2020
17,662
-2,067
2,058
3,027
N/A
9/30/2020
17,587
-2,246
2,075
3,251
N/A
6/30/2020
17,953
-2,212
1,664
2,788
N/A
3/31/2020
18,433
-544
1,574
2,726
N/A
12/31/2019
18,914
1,123
1,484
2,664
N/A
9/30/2019
19,043
1,010
N/A
2,457
N/A
6/30/2019
18,921
999
N/A
2,185
N/A
3/31/2019
19,119
1,289
N/A
2,655
N/A
12/31/2018
18,139
1,157
N/A
1,968
N/A
9/30/2018
17,725
1,116
N/A
1,827
N/A
6/30/2018
17,390
1,053
N/A
1,942
N/A
3/31/2018
17,194
1,022
N/A
1,831
N/A
12/31/2017
17,351
969
N/A
2,038
N/A
9/30/2017
17,317
852
N/A
1,816
N/A
6/30/2017
17,230
687
N/A
1,529
N/A
3/31/2017
16,194
648
N/A
1,650
N/A
12/31/2016
15,242
660
N/A
1,874
N/A
9/30/2016
14,385
823
N/A
1,675
N/A
6/30/2016
13,468
934
N/A
1,678
N/A
3/31/2016
13,528
884
N/A
1,561
N/A
12/31/2015
13,532
836
N/A
1,449
N/A
9/30/2015
13,454
881
N/A
1,365
N/A
6/30/2015
13,338
781
N/A
1,384
N/A
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEID's forecast earnings growth (9% per year) is above the savings rate (0.6%).
Earnings vs Market: HEID's earnings (9% per year) are forecast to grow slower than the Swiss market (10.9% per year).
High Growth Earnings: HEID's earnings are forecast to grow, but not significantly.
Revenue vs Market: HEID's revenue (4.3% per year) is forecast to grow slower than the Swiss market (4.9% per year).
High Growth Revenue: HEID's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HEID's Return on Equity is forecast to be low in 3 years time (12.4%).
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/25 05:21
End of Day Share Price
2026/05/22 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.
* 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.
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Analyst Sources
Heidelberg Materials AG is covered by 34 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.