Hensoldt AG, together with its subsidiaries, provides sensor solutions for defense and security applications worldwide. It operates through Sensors and Optronics segments.
Profile & Fundamentals
Hensoldt: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Hensoldt Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Hensoldt AG, together with its subsidiaries, provides sensor solutions for defense and security applications worldwide. It operates through Sensors and Optronics segments. It offers mobile and stationary radar, and identification friend or foe systems used for surveillance, reconnaissance, civil air traffic control, and air defense; systems for secure data connections for air, sea and land platforms; electronic systems for the acquisition and evaluation of radar and radio signals and jammers; defensive cyber solutions; and situational awareness systems, mission computers, and flight data recorders. The company also provides electronic self-protection systems that integrate missile, laser and radar warning sensors; customer support and service activities; simulation solutions, training courses and special services, and components and solutions for space-based sensors; and solutions and services for secure digitalization and networking in military and civil dimensions. In addition, it offers telescopic sights, visors, laser rangefinders, night vision devices and thermal imaging cameras; devices for surveillance and target acquisition for armored vehicles; submarine periscopes, optronic mast systems, and other electro-optical systems for use at sea; and mobile and stationary surveillance solutions; and special equipment for industrial and space applications. Further, the company provides friend-or-foe detection systems, radar for ship and land applications, cryptographic devices, and tactical point-to-point communication systems; delivery, installation and maintenance of air traffic control radar, weather radar, navigation, voice communications, and runway lighting systems for military and civil airports; and software solutions for military and non-military use. Hensoldt AG was incorporated in 2020 and is headquartered in Taufkirchen, Germany.
Company profile record
Hensoldt AG
Common Stock · Industrials · Aerospace & Defense
Company
- Company / asset
- Hensoldt AG
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Aerospace & Defense
- HQ
- 🇩🇪 Germany
- Head office
- Willy-Messerschmitt-Strasse 3, Taufkirchen, Germany, 82024
Leadership & scale
- Chief executive
- Mr. Oliver Dorre
- Full-time employees
- 9.7K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- --
- P/E
- --
- Revenue (Q2 26)
- EUR 671.0M
- Profit (Q2 26)
- EUR 8.0M
- Dividend Yield
- 0.5%
- Revenue (FY 25)
- EUR 2.5B
- Shares in public float
- 65.4M
- Insider ownership
- 47.92%
Reporting & identifiers
- Symbol
- HAG.FRA
- Listing
- 🇩🇪 Germany | Dividend Tax: 26.38%
- Ticker Currency
- EUR
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- DE000HAG0005
- Asset ID
- equity_7638e22b-6c30-523c-9d32-68a94a074a36
Ownership
Shares Outstanding
No history available.
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
--
65.4M latest reported shares
Insider Ownership
47.92%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
No reported records are available in this preview.
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's top line is expanding rapidly, with fiscal 2025 revenue reaching 2.45 billion euros and sales accelerating over twenty percent in early 2026. This growth is propelled by urgent demand for ground-based air defense radars and vehicle sensor suites. However, headline accounting earnings tell a very different story: full-year 2025 net income dropped seventeen percent to 89 million euros due to heavy acquisition amortization, interest expenses, and severe delivery seasonality that routinely creates interim quarterly deficits. This gap between revenue and bottom-line profit highlights the specialized nature of defense manufacturing. Operations are heavily back-loaded, with the vast majority of cash collections and project handovers concentrated in the final quarter. As newly built manufacturing lines ramp up and acquisition accounting charges fade, underlying net margins are expected to gradually widen, though statutory profitability will remain far more modest than headline order volume suggests.
The company's top line is expanding rapidly, with fiscal 2025 revenue reaching 2.45 billion euros and sales accelerating over twenty percent in early 2026. This growth is propelled by urgent demand for ground-based air defense radars and vehicle sensor suites. However, headline accounting earnings tell a very different story: full-year 2025 net income dropped seventeen percent to 89 million euros due to heavy acquisition amortization, interest expenses, and severe delivery seasonality that routinely creates interim quarterly deficits. This gap between revenue and bottom-line profit highlights the specialized nature of defense manufacturing. Operations are heavily back-loaded, with the vast majority of cash collections and project handovers concentrated in the final quarter. As newly built manufacturing lines ramp up and acquisition accounting charges fade, underlying net margins are expected to gradually widen, though statutory profitability will remain far more modest than headline order volume suggests.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 2.5B | Max: EUR 2.5B | Min: EUR -65.2M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability displays a persistent divide between operating performance and bottom-line net conversion. Gross margins have remained steady near 21.4%, while operating margins reached 9.09% in fiscal 2025. Optronics and proprietary radar suites command healthy pricing, but large consortium programs carry low-margin pass-through hardware revenues that dilute overall profitability. Furthermore, specialized engineering wage inflation continues to exert upward pressure on research and administrative overhead. The underlying margin trajectory is one of structural product mix improvement rather than unconstrained pricing power. Because sovereign defense contracts are subject to strict government audits that cap supernormal profits, margins cannot expand like software. Instead, gradual margin expansion toward nineteen percent adjusted EBITDA will depend on increasing proprietary software content and harvesting scale economies from automated series production.
Profitability displays a persistent divide between operating performance and bottom-line net conversion. Gross margins have remained steady near 21.4%, while operating margins reached 9.09% in fiscal 2025. Optronics and proprietary radar suites command healthy pricing, but large consortium programs carry low-margin pass-through hardware revenues that dilute overall profitability. Furthermore, specialized engineering wage inflation continues to exert upward pressure on research and administrative overhead. The underlying margin trajectory is one of structural product mix improvement rather than unconstrained pricing power. Because sovereign defense contracts are subject to strict government audits that cap supernormal profits, margins cannot expand like software. Instead, gradual margin expansion toward nineteen percent adjusted EBITDA will depend on increasing proprietary software content and harvesting scale economies from automated series production.
Profitability Margins
Latest: 21.4% | Max: 23.1% | Min: -5.4%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
21.4%
Gross profit / revenue
Operating Margin
9.1%
Operating income / revenue
Net Margin
3.6%
Net income / revenue
FCF Margin
9.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2018-12-31 | Not reported | Not reported | Not reported |
| 2019-12-31 | 1,244,768,000 | 6,608,000 | 3,024,000 |
| 2020-12-31 | 1,470,466,000 | -79,544,000 | 121,390,000 |
| 2021-12-31 | 1,683,438,000 | 71,478,000 | 224,808,000 |
| 2022-12-31 | 1,827,560,000 | 83,460,000 | 159,430,000 |
| 2023-12-31 | 2,030,600,000 | 61,600,000 | 167,200,000 |
| 2024-12-31 | 2,330,640,000 | 112,320,000 | 116,480,000 |
| 2025-12-31 | 2,871,180,000 | 104,130,000 | 285,480,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2018-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2019-12-31 | 22.68 | 5.44 | 0.53 | 0.24 |
| 2020-12-31 | 22.33 | 5.77 | -5.41 | 8.26 |
| 2021-12-31 | 22.5 | 8.12 | 4.25 | 13.35 |
| 2022-12-31 | 23.07 | 9.37 | 4.57 | 8.72 |
| 2023-12-31 | 22.7 | 8.72 | 3.03 | 8.23 |
| 2024-12-31 | 22.71 | 8.26 | 4.82 | 5 |
| 2025-12-31 | 21.35 | 9.09 | 3.63 | 9.94 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-08-13.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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