Swedish investment company holding listed companies and privately owned businesses, with long-term ownership across industrial and healthcare sectors.
Profile & Fundamentals
Investor AB: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Investor AB 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
Investor AB (publ) is a private equity firm specializing in mature, middle market, buyouts and growth capital investments. For core investments, the firm invests in health care, financial services, IT and fintech sectors, life sciences, mathematics, data, materials science, AI, quantum technology and considers investments in listed companies in leading minority positions. The firm seeks to invest globally. For its operating investments, the firm seeks to focus on medium-sized to large companies headquartered in Northern Europe. It prefers to invests in North Africa, Sub-Saharan Africa, Asia-Pacific, Channel Island, Greenland, The Faroe Islands, Finland, Iceland, Ireland, Jan Mayen, Svalbard, Sweden, Isle of Man, Estonia, Latvia, Lithuania, Great Lakes, Mountain, Latin America and Caribbean region. It seeks to invest between $200 million and $700 million. The firm considers majority or minority investments in both listed and unlisted companies. It acquires controlling interest or minority position with significant influence in its portfolio companies within operating investments. For financial investments, it acquires minority ownership in financial holdings for shorter horizon. The firm seeks to exit its private equity investments between three years and seven years. The firm seeks to take board membership in its portfolio companies. Investor AB (publ) was founded in 1916 and is based in Stockholm, Sweden.
Company profile record
Investor AB ser. B
Common Stock · Industrials · Environmental & Facilities Services
Company
- Company / asset
- Investor AB ser. B
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Environmental & Facilities Services
- HQ
- 🇸🇪 Sweden
- Head office
- Arsenalsgatan 8C, Stockholm, Sweden, 103 32
Leadership & scale
- Chief executive
- Mr. Christian Cederholm
- CEO year born
- 1978
- Full-time employees
- 21K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- SEK 1.26T
- P/E
- 4.8x
- Revenue (Q2 26)
- SEK 133.9B
- Profit (Q2 26)
- SEK 117.3B
- Dividend Yield
- 0.9%
- Revenue (FY 25)
- SEK 221.9B
- Shares in public float
- 2.4B
- Insider ownership
- 0.25%
Reporting & identifiers
- Symbol
- INVE-B.STO
- Listing
- 🇸🇪 Sweden | Dividend Tax: 30%
- Ticker Currency
- SEK
- Income Statement Currency
- SEK
- Balance Sheet Currency
- SEK
- Cash Flow Currency
- SEK
- EPS Currency
- SEK
- Contract Type
- SPOT
- ISIN
- SE0015811963
- Asset ID
- equity_9a8b3b19-8db3-54db-a01e-91885f3d7e07
Ownership
Shares Outstanding
Latest: 3.1B | Max: 3.1B | Min: 3.1B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
79.64%
2.4B latest reported shares
Insider Ownership
0.25%
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.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 3,059,459,500 |
| 2018-01-01 | 3,060,173,300 |
| 2019-01-01 | 3,063,033,600 |
| 2020-01-01 | 3,064,264,300 |
| 2021-01-01 | 3,063,991,100 |
| 2022-01-01 | 3,065,377,800 |
| 2023-01-01 | 3,062,777,200 |
| 2024-01-01 | 3,062,705,000 |
| 2025-01-01 | 3,065,744,000 |
| 2026-01-01 | 3,065,682,000 |
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
Investor AB reported massive net income reaching 157 billion SEK in 2025 and 117 billion SEK in the second quarter of 2026. However, these towering headlines are largely an accounting illusion created by IFRS rules that mark public stock holdings to market value. When underlying holdings like ABB surge, reported holding profits skyrocket, but when markets drop, accounting profits turn negative. The genuine financial heartbeat of the company is its cash flow from dividends and private companies. In 2025, regular cash flow held steady at 19 billion SEK, comfortably funding growing shareholder payouts and proving that the underlying cash engine remains durable regardless of accounting swings.
Investor AB reported massive net income reaching 157 billion SEK in 2025 and 117 billion SEK in the second quarter of 2026. However, these towering headlines are largely an accounting illusion created by IFRS rules that mark public stock holdings to market value. When underlying holdings like ABB surge, reported holding profits skyrocket, but when markets drop, accounting profits turn negative. The genuine financial heartbeat of the company is its cash flow from dividends and private companies. In 2025, regular cash flow held steady at 19 billion SEK, comfortably funding growing shareholder payouts and proving that the underlying cash engine remains durable regardless of accounting swings.
Revenue, Net Income, and Free Cash Flow
Latest: SEK 221.9B | Max: SEK 265.3B | Min: SEK -79.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 6x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Reported operating profit margins over 70% look unusually high because investment gains are counted as revenue without traditional factory costs. To understand true commercial health, investors must look directly at operating subsidiaries like Patricia Industries, which grew adjusted operating profit by 16% in mid-2026 despite global inflation. Businesses like Mölnlycke maintain healthy profit margins around 30% due to essential wound care products and strong hospital relationships. While cyclical factory holdings face cost pressures from tariffs and energy, the underlying portfolio retains strong pricing power that protects look-through cash generation across the economic cycle.
Reported operating profit margins over 70% look unusually high because investment gains are counted as revenue without traditional factory costs. To understand true commercial health, investors must look directly at operating subsidiaries like Patricia Industries, which grew adjusted operating profit by 16% in mid-2026 despite global inflation. Businesses like Mölnlycke maintain healthy profit margins around 30% due to essential wound care products and strong hospital relationships. While cyclical factory holdings face cost pressures from tariffs and energy, the underlying portfolio retains strong pricing power that protects look-through cash generation across the economic cycle.
Profitability Margins
Latest: 97.9% | Max: >100.0% | Min: -5.7%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
97.9%
Gross profit / revenue
Operating Margin
71.4%
Operating income / revenue
Net Margin
71.0%
Net income / revenue
FCF Margin
8.6%
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) |
|---|---|---|---|
| 2016-12-31 | 6,935,784,851.81 | 3,695,389,681.67 | 1,176,289,791.44 |
| 2017-12-31 | 9,451,463,414.63 | 5,404,634,146.34 | 1,156,829,268.29 |
| 2018-12-31 | 4,459,096,045.2 | -254,463,276.84 | 1,147,796,610.17 |
| 2019-12-31 | 15,131,303,418.8 | 10,814,743,589.74 | 1,330,128,205.13 |
| 2020-12-31 | 10,748,724,179.83 | 6,414,337,788.58 | 994,532,199.27 |
| 2021-12-31 | 29,351,769,911.5 | 25,228,429,203.54 | 1,156,747,787.61 |
| 2022-12-31 | -2,379,290,508.15 | -7,168,072,866.73 | -7,586,864,813.04 |
| 2023-12-31 | 16,993,247,269.12 | 11,780,635,551.14 | 1,712,512,413.11 |
| 2024-12-31 | 15,612,285,456.19 | 10,238,301,716.35 | 1,730,984,643.18 |
| 2025-12-31 | 24,088,707,926.17 | 17,100,325,732.9 | 2,061,563,517.92 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 6.43 | Trailing four quarters |
| 2024-12-31 | 7.91 | Trailing four quarters |
| 2023-12-31 | 5.63 | Trailing four quarters |
| 2021-12-31 | 3.06 | Annual net income |
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 (%) |
|---|---|---|---|---|
| 2016-12-31 | 97.67 | 55.36 | 53.28 | 16.96 |
| 2017-12-31 | 98.02 | 61.2 | 57.18 | 12.24 |
| 2018-12-31 | 95.37 | -2.32 | -5.71 | 25.74 |
| 2019-12-31 | 100 | 72.47 | 71.47 | 8.79 |
| 2020-12-31 | 100 | 60.2 | 59.68 | 9.25 |
| 2021-12-31 | 100 | 86.09 | 85.95 | 3.94 |
| 2022-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2023-12-31 | 100 | 70.28 | 69.33 | 10.08 |
| 2024-12-31 | 97.73 | 66.18 | 65.58 | 11.09 |
| 2025-12-31 | 97.89 | 71.42 | 70.99 | 8.56 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-22.
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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