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adidas AG ADS.DE

DE · Deutsche Börse Xetra · XETR · stock · Consumer Cyclical · website

adidas AG statistics & valuation

Market cap€27.9B
P / E20.8×
P / S1.1×
P / B4.8×
P / FCF101.7×
Dividend yield1.28%
Net margin5.4%
Return on equity23.2%
FCF margin1.1%
Net debt€4.2B
Enterprise value USD$37.1B
Earnings yield EBIT/EV6.4%
Return on capital18.5%
Graham number -53.1%€74.67

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€74.67); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.70% -0.40% 3.20% 5.40% 2022202320242025
Gross margin (%)
47.30% 47.50% 50.80% 51.60% 2022202320242025
Operating margin (%)
3.20% 1.30% 5.50% 8.30% 2022202320242025
Return on equity (%)
12.30% -1.60% 14.00% 23.20% 2022202320242025
Shares outstanding
175.1M 175.1M 175.1M 175.1M 2022202320242025
Net debt (€)
€5.66B €4.34B €3.46B €4.23B 2022202320242025
Share buybacks (€)
€2.53B €29.0M €35.0M €43.0M 2022202320242025
Return on assets (%)
3.00% -0.40% 3.70% 6.60% 2022202320242025
Free cash flow margin (%)
-5.20% 9.50% 10.00% 1.10% 2022202320242025
Debt / equity (×)
1.29× 1.21× 1.02× 0.96× 2022202320242025
EPS (€)
€3.34 -€0.42 €4.28 €7.51 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin51.6%50.8%47.5%47.3%
Operating margin8.3%5.5%1.3%3.2%
Net margin5.4%3.2%-0.4%2.7%
FCF margin1.1%10.0%9.5%-5.2%
Return on assets6.6%3.7%-0.4%3.0%
Return on equity23.2%14.0%-1.6%12.3%
Debt / equity0.35×0.35×0.53×0.59×
Current ratio1.321.241.221.27

Computed from company filings · DE · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.