Engineering group supplying mining equipment, rock processing, machining tools, and advanced materials for industrial customers.
Profile & Fundamentals
Sandvik: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Sandvik 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
Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms. It provides cutting tools and tooling systems, and digital solutions and software; metal powder for additive manufacturing, and products made from controlled expansion alloys; and tungsten powders, as well as recycling services of secondary tungsten raw materials. It serves aerospace, automotive, mining, general engineering, infrastructure, and other industries. Sandvik AB (publ) was founded in 1862 and is headquartered in Stockholm, Sweden.
Company profile record
Sandvik AB
Common Stock · Industrials · Industrial Machinery & Supplies & Components
Company
- Company / asset
- Sandvik AB
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Industrial Machinery & Supplies & Components
- HQ
- 🇸🇪 Sweden
- Head office
- Sandvik AB, Stockholm, Sweden, 111 22
Leadership & scale
- Chief executive
- Mr. Stefan Widing
- CEO year born
- 1977
- Full-time employees
- 42.4K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- SEK 463.1B
- P/E
- 27.5x
- Revenue (Q2 26)
- SEK 36.8B
- Profit (Q2 26)
- SEK 5.2B
- Dividend Yield
- 1.1%
- Revenue (FY 25)
- SEK 120.7B
- Shares in public float
- 1B
- Insider ownership
- 18.39%
Reporting & identifiers
- Symbol
- SAND.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
- SE0000667891
- Asset ID
- equity_db3bd955-d757-5d5e-9a1b-86d949839fd9
Ownership
Shares Outstanding
Latest: 1.3B | Max: 1.3B | Min: 1.3B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
81.58%
1.0B latest reported shares
Insider Ownership
18.39%
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 | 1,254,386,000 |
| 2018-01-01 | 1,254,386,000 |
| 2019-01-01 | 1,254,386,000 |
| 2020-01-01 | 1,254,386,000 |
| 2021-01-01 | 1,254,386,000 |
| 2022-01-01 | 1,255,219,000 |
| 2023-01-01 | 1,256,180,000 |
| 2024-01-01 | 1,255,798,000 |
| 2025-01-01 | 1,255,025,000 |
| 2026-01-01 | 1,255,034,000 |
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
Sandvik delivered explosive headline results in the second quarter of 2026, with revenue climbing 23.7% year-on-year to SEK 36.8 billion and net income surging 62.8% to SEK 5.24 billion. This dramatic expansion was powered by accelerating deliveries of underground mining machinery, solid aftermarket pricing, and robust mining activity worldwide. However, beneath the headline celebration, cash generation told a more cautious story as free operating cash flow conversion fell to 46% due to working capital accumulation. Crucially, a temporary pricing windfall from low-cost tungsten inventory contributed roughly 380 basis points to cutting-tool margins during the second quarter. Because this one-off benefit will naturally fade, future recurring profits will normalize lower. While the underlying mining business remains exceptionally strong, investors should not mistake a peak-cycle accounting boost for a permanent new earnings baseline.
Sandvik delivered explosive headline results in the second quarter of 2026, with revenue climbing 23.7% year-on-year to SEK 36.8 billion and net income surging 62.8% to SEK 5.24 billion. This dramatic expansion was powered by accelerating deliveries of underground mining machinery, solid aftermarket pricing, and robust mining activity worldwide. However, beneath the headline celebration, cash generation told a more cautious story as free operating cash flow conversion fell to 46% due to working capital accumulation. Crucially, a temporary pricing windfall from low-cost tungsten inventory contributed roughly 380 basis points to cutting-tool margins during the second quarter. Because this one-off benefit will naturally fade, future recurring profits will normalize lower. While the underlying mining business remains exceptionally strong, investors should not mistake a peak-cycle accounting boost for a permanent new earnings baseline.
Revenue, Net Income, and Free Cash Flow
Latest: SEK 120.7B | Max: SEK 126.5B | Min: SEK 5.5B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 26x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Sandvik's gross profit margin has demonstrated structural permanence, holding firmly above 40% across diverse economic cycles. This resilience stems from pricing power in specialized cemented-carbide cutting tools and an extensive mining aftermarket network where customer switching costs are steep. Operating margins expanded to 17.28% in 2025, temporarily touching an adjusted 22.6% in the second quarter of 2026. Nevertheless, this record profitability reflected temporary inventory gains rather than a permanent step-change. As low-cost tungsten stockpiles are replaced at higher market prices, cutting-tool margins will naturally settle lower. Long-term profitability will be supported by factory rationalization programs delivering SEK 1 billion in cost savings, anchoring normalized group operating margins within a healthy 17% to 19% corridor.
Sandvik's gross profit margin has demonstrated structural permanence, holding firmly above 40% across diverse economic cycles. This resilience stems from pricing power in specialized cemented-carbide cutting tools and an extensive mining aftermarket network where customer switching costs are steep. Operating margins expanded to 17.28% in 2025, temporarily touching an adjusted 22.6% in the second quarter of 2026. Nevertheless, this record profitability reflected temporary inventory gains rather than a permanent step-change. As low-cost tungsten stockpiles are replaced at higher market prices, cutting-tool margins will naturally settle lower. Long-term profitability will be supported by factory rationalization programs delivering SEK 1 billion in cost savings, anchoring normalized group operating margins within a healthy 17% to 19% corridor.
Profitability Margins
Latest: 40.6% | Max: 41.1% | Min: 6.8%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
40.6%
Gross profit / revenue
Operating Margin
17.3%
Operating income / revenue
Net Margin
12.2%
Net income / revenue
FCF Margin
13.3%
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 | 8,952,030,735.46 | 604,610,318.33 | 914,489,571.9 |
| 2017-12-31 | 11,085,975,609.76 | 1,609,390,243.9 | 1,304,390,243.9 |
| 2018-12-31 | 11,307,570,621.47 | 1,436,610,169.49 | 1,242,146,892.66 |
| 2019-12-31 | 11,029,487,179.49 | 912,286,324.79 | 1,444,230,769.23 |
| 2020-12-31 | 10,498,663,426.49 | 1,061,360,874.85 | 1,476,184,690.16 |
| 2021-12-31 | 10,962,942,477.88 | 1,599,668,141.59 | 1,061,836,283.19 |
| 2022-12-31 | 10,770,086,289.55 | 1,074,976,030.68 | 569,031,639.5 |
| 2023-12-31 | 12,562,363,455.81 | 1,519,364,448.86 | 1,334,955,312.81 |
| 2024-12-31 | 11,100,090,334.24 | 1,105,962,059.62 | 1,424,209,575.43 |
| 2025-12-31 | 13,103,148,751.36 | 1,595,005,428.88 | 1,746,254,071.66 |
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 | 25.68 | Trailing four quarters |
| 2024-12-31 | 20.34 | Trailing four quarters |
| 2023-12-31 | 17.91 | Trailing four quarters |
| 2022-12-31 | 21.09 | Annual net income |
| 2021-12-31 | 20.85 | 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 | 38.83 | 13.51 | 6.75 | 10.22 |
| 2017-12-31 | 40.29 | 19.91 | 14.52 | 11.77 |
| 2018-12-31 | 40.98 | 18.68 | 12.7 | 10.99 |
| 2019-12-31 | 40.27 | 12.97 | 8.27 | 13.09 |
| 2020-12-31 | 37.31 | 12.98 | 10.11 | 14.06 |
| 2021-12-31 | 40.54 | 19.12 | 14.59 | 9.69 |
| 2022-12-31 | 40.39 | 16.55 | 9.98 | 5.28 |
| 2023-12-31 | 41.14 | 17.72 | 12.09 | 10.63 |
| 2024-12-31 | 39.99 | 14.99 | 9.96 | 12.83 |
| 2025-12-31 | 40.6 | 17.28 | 12.17 | 13.33 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-17.
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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