Rheinmetall AG

XTRA:RHM Stock Report

Market Cap: €78.4b

Rheinmetall Past Earnings Performance

Past criteria checks 5/6

Rheinmetall has been growing earnings at an average annual rate of 23%, while the Aerospace & Defense industry saw earnings growing at 23% annually. Revenues have been growing at an average rate of 11.8% per year. Rheinmetall's return on equity is 19.2%, and it has net margins of 8%.

Key information

23.01%

Earnings growth rate

22.86%

EPS growth rate

Aerospace & Defense Industry Growth16.71%
Revenue growth rate11.76%
Return on equity19.22%
Net Margin8.01%
Next Earnings Update07 Aug 2025

Recent past performance updates

Shareholders Will Be Pleased With The Quality of Rheinmetall's (ETR:RHM) Earnings

May 15
Shareholders Will Be Pleased With The Quality of Rheinmetall's (ETR:RHM) Earnings

Recent updates

Shareholders Will Be Pleased With The Quality of Rheinmetall's (ETR:RHM) Earnings

May 15
Shareholders Will Be Pleased With The Quality of Rheinmetall's (ETR:RHM) Earnings

Market Participants Recognise Rheinmetall AG's (ETR:RHM) Revenues Pushing Shares 28% Higher

May 06
Market Participants Recognise Rheinmetall AG's (ETR:RHM) Revenues Pushing Shares 28% Higher
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Rheinmetall could get 20-25% of EU-NATO 3%-GDP defence spending

If European NATO members would raise their military spending to ~3% of their GDP, this would mean a combined yearly spending of over 500b€.Rheinmetall management assumed on 12th March 2025 that 20% to

Rheinmetall AG (ETR:RHM) Stocks Shoot Up 48% But Its P/E Still Looks Reasonable

Mar 20
Rheinmetall AG (ETR:RHM) Stocks Shoot Up 48% But Its P/E Still Looks Reasonable

Weekly Picks: 💊 Novo Nordisk’s breakout, Nike’s reinvention, and Rheinmetall's opportunity

Mar 19
Weekly Picks: 💊 Novo Nordisk’s breakout, Nike’s reinvention, and Rheinmetall's opportunity

Is There An Opportunity With Rheinmetall AG's (ETR:RHM) 22% Undervaluation?

Mar 04
Is There An Opportunity With Rheinmetall AG's (ETR:RHM) 22% Undervaluation?

Earnings Tell The Story For Rheinmetall AG (ETR:RHM) As Its Stock Soars 25%

Feb 02
Earnings Tell The Story For Rheinmetall AG (ETR:RHM) As Its Stock Soars 25%

Here's Why Rheinmetall (ETR:RHM) Can Manage Its Debt Responsibly

Jan 11
Here's Why Rheinmetall (ETR:RHM) Can Manage Its Debt Responsibly

Do Rheinmetall's (ETR:RHM) Earnings Warrant Your Attention?

Dec 20
Do Rheinmetall's (ETR:RHM) Earnings Warrant Your Attention?

Rheinmetall AG's (ETR:RHM) 27% Jump Shows Its Popularity With Investors

Nov 29
Rheinmetall AG's (ETR:RHM) 27% Jump Shows Its Popularity With Investors
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Calculated Defense Alliances Propel Impressive Growth And Profitability

Strategic alliances and joint ventures are set to amplify technological advancements, revenue, and profitability.

Getting In Cheap On Rheinmetall AG (ETR:RHM) Might Be Difficult

Oct 13
Getting In Cheap On Rheinmetall AG (ETR:RHM) Might Be Difficult

We Ran A Stock Scan For Earnings Growth And Rheinmetall (ETR:RHM) Passed With Ease

Sep 01
We Ran A Stock Scan For Earnings Growth And Rheinmetall (ETR:RHM) Passed With Ease

We Think Rheinmetall (ETR:RHM) Can Stay On Top Of Its Debt

Aug 05
We Think Rheinmetall (ETR:RHM) Can Stay On Top Of Its Debt

Rheinmetall AG's (ETR:RHM) P/E Still Appears To Be Reasonable

Jul 15
Rheinmetall AG's (ETR:RHM) P/E Still Appears To Be Reasonable

Revenue & Expenses Breakdown

How Rheinmetall makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

XTRA:RHM Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2510,4758392,4980
31 Dec 249,7518042,3830
30 Sep 248,8266852,2850
30 Jun 248,1306522,2080
31 Mar 247,3945762,1370
31 Dec 237,1765792,0560
30 Sep 236,9395091,9840
30 Jun 236,5974791,9290
31 Mar 236,5074731,8860
31 Dec 226,4104681,8430
30 Sep 225,9063821,7720
30 Jun 225,7503821,7260
31 Mar 225,6563931,6860
31 Dec 215,6583911,6430
30 Sep 215,6133461,6250
30 Jun 215,6153501,6120
31 Mar 215,4612761,5570
31 Dec 205,4052561,5370
30 Sep 205,6752631,5720
30 Jun 205,8952441,5990
31 Mar 206,1703281,6510
31 Dec 196,3363351,6780
30 Sep 196,3503131,6470
30 Jun 196,2803331,6120
31 Mar 196,3383131,6000
31 Dec 186,2203051,5740
30 Sep 185,8862751,5540
30 Jun 185,8412341,5650
31 Mar 185,8072241,5450
01 Jan 185,8962241,5480
30 Sep 175,8722081,6030
30 Jun 175,8112141,5650
31 Mar 175,7712111,5560
31 Dec 165,6022001,5220
30 Sep 165,5051731,5060
30 Jun 165,3881641,4870
31 Mar 165,1901561,4680
31 Dec 155,1831511,4510
30 Sep 155,0551011,4330
30 Jun 154,951521,4190
31 Mar 154,830291,3850
31 Dec 144,688131,3690
30 Sep 144,676491,3640
30 Jun 144,573651,3570

Quality Earnings: RHM has high quality earnings.

Growing Profit Margin: RHM's current net profit margins (8%) are higher than last year (7.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RHM's earnings have grown significantly by 23% per year over the past 5 years.

Accelerating Growth: RHM's earnings growth over the past year (45.7%) exceeds its 5-year average (23% per year).

Earnings vs Industry: RHM earnings growth over the past year (45.7%) exceeded the Aerospace & Defense industry 29.6%.

Return on Equity

High ROE: RHM's Return on Equity (19.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/19 03:43
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Rheinmetall AG is covered by 41 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Charlotte KeyworthBarclays
George McwhirterBerenberg
Stefan AugustinBHF-Bank Aktiengesellschaft