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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Iveco Group N.V.

Ticker: IVG.MI | Industry: Agricultural - Machinery | Sector: Industrials
$18.82 -0.03 (-0.16%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018
Stock Price 15.89 10.77 8.49 5.36 10.11 10.11 10.11 10.11
Market Capitalization 4,217.88M 2,890.15M 2,248.20M 1,450.88M 2,749.74M 2,741.44M 2,741.99M 2,741.99M
(-) Cash & Equivalents 2,707.00M 2,592.00M 1,829.75M 1,658.50M 295.00M 52.50M 93.50M 115.25M
(+) Total Debt 5,862.00M 5,830.25M 4,931.00M 3,798.50M 3,830.31M 2,324.44M 1,286.75M 1,197.75M
Enterprise Value 7,372.88M 6,128.40M 5,349.45M 3,590.88M 6,285.05M 5,013.38M 3,935.24M 3,824.49M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Revenue 14,810M 15,920M 15,289M 16,213M 14,357M 12,651M 10,411M 11,948M 12,005M
Cost of Revenue 12,368M 13,142M 12,637M 13,513M 12,389M 10,881M 9,462M 10,298M 10,184M
Gross Profit 2,442M 2,778M 2,652M 2,700M 1,968M 1,770M 949M 1,650M 1,821M
Gross Profit Margin 16.5% 17.4% 17.3% 16.7% 13.7% 14.0% 9.1% 13.8% 15.2%
R&D Expenses 600M 657M 617M 626M 473M 481M 436M 464M 413M
SG&A Expenses 959M 1,020M 1,000M 996M 936M 825M 705M 755M 741M
Operating Expenses 1,559M 1,685M 1,617M 1,607M 1,409M 1,306M 1,141M 1,219M 1,154M
Operating Income (EBIT) 883M 1,093M 1,035M 1,093M 559M 464M -192M 431M 667M
Operating Income Margin 6.0% 6.9% 6.8% 6.7% 3.9% 3.7% -1.8% 3.6% 5.6%
Interest Income 127M 94M 108M 90M 56M 32M 24M 30M 22M
Interest Expense 340M 357M 240M 270M 175M 95M 81M 103M 158M
Net Interest Income -213M -263M -132M -180M -119M -63M -57M -73M -136M
Unusual Items -180M -378M -295M -526M -180M -221M -239M -183M -221M
EBT Excluding Unusual Items 670M 830M 903M 913M 440M 401M -249M 358M 531M
Pre-Tax Income 490M 452M 608M 387M 260M 180M -488M 175M 310M
Pre-Tax Margin 3.3% 2.8% 4.0% 2.4% 1.8% 1.4% -4.7% 1.5% 2.6%
Income Tax Expense 2M 184M 70M 153M 101M 104M -116M 74M 127M
Net Income 322M 231M 349M 218M 147M 52M -408M 84M 166M
Net Income Margin 2.2% 1.5% 2.3% 1.3% 1.0% 0.4% -3.9% 0.7% 1.4%
Depreciation & Amortization 739M 621M 678M 599M 560M 567M 580M 541M 465M
EBITDA 1,622M 1,714M 1,713M 1,692M 1,119M 1,031M 388M 972M 1,132M
EBITDA Margin 11.0% 10.8% 11.2% 10.4% 7.8% 8.1% 3.7% 8.1% 9.4%
NOPAT 879M 648M 916M 661M 342M 196M -152M 249M 394M
NOPAT Margin 5.9% 4.1% 6.0% 4.1% 2.4% 1.5% -1.5% 2.1% 3.3%
Owner's Earnings 261M -124M 77M -153M -70M 55M -229M 133M 194M
Owner's Earnings Margin 1.8% -0.8% 0.5% -0.9% -0.5% 0.4% -2.2% 1.1% 1.6%
EPS (Basic) 1.20 0.84 1.31 0.81 0.54 0.19 -1.50 0.31 0.61
EPS (Diluted) 1.20 0.85 1.29 0.80 0.54 0.19 -1.50 0.31 0.61
Shares (Basic) 267M 264M 267M 269M 271M 274M 271M 271M 271M
Shares (Diluted) 268M 273M 270M 273M 272M 271M 271M 271M 271M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Cash & Cash Equivalents 2,708.00M 2,706.00M 3,417.00M 2,594.00M 2,205.00M 726.00M 463.00M 374.00M 461.00M
Short-Term Investments 37.00M 32.00M 59.00M 43.00M 26.00M 54.00M 136.00M 0.00M 0.00M
Cash & Short-Term Investments 2,745.00M 2,738.00M 3,476.00M 2,637.00M 2,231.00M 780.00M 599.00M 374.00M 461.00M
Net Receivables 5,518.00M 5,397.00M 5,704.00M -109.00M 398.00M 128.00M 521.00M 485.00M 598.00M
Inventory 3,602.00M 3,437.00M 2,871.00M 2,868.00M 2,838.00M 2,651.00M 2,246.00M 2,596.00M 2,507.00M
Other Current Assets 463.00M 438.00M 1,074.00M 6,910.00M 4,978.00M 7,289.00M 6,621.00M 6,763.00M 6,400.00M
Total Current Assets 12,328.00M 12,010.00M 13,125.00M 12,306.00M 10,445.00M 10,848.00M 9,987.00M 10,218.00M 9,966.00M
Property, Plant & Equipment 3,179.00M 3,209.00M 3,240.00M 3,186.00M 3,166.00M 3,111.00M 3,105.00M 3,393.00M 3,578.00M
Goodwill 83.00M 83.00M 83.00M 86.00M 69.00M 70.00M 70.00M 70.00M 71.00M
Intangible Assets 1,964.00M 1,954.00M 1,956.00M 1,755.00M 1,442.00M 1,244.00M 1,190.00M 1,245.00M 1,262.00M
Long-Term Investments 228.00M 227.00M 164.00M 49.00M 211.00M 528.00M 533.00M 341.00M 261.00M
Tax Assets 751.00M 765.00M 774.00M 658.00M 700.00M 646.00M 681.00M 531.00M 512.00M
Other Non-Current Assets 36.00M 35.00M 95.00M 295.00M 27.00M 71.00M 14.00M 13.00M 1.00M
Other Assets 0.00M 0.00M 0.00M -59.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 6,241.00M 6,273.00M 6,312.00M 5,970.00M 5,615.00M 5,670.00M 5,593.00M 5,593.00M 5,685.00M
Total Assets 18,569.00M 18,283.00M 19,437.00M 18,276.00M 16,060.00M 16,518.00M 15,580.00M 15,811.00M 15,651.00M
Accounts Payable 3,824.00M 3,610.00M 3,947.00M 3,918.00M 3,690.00M 3,133.00M 3,082.00M 3,050.00M 2,924.00M
Short-Term Debt 3,023.00M 2,950.00M 203.00M 234.00M 3,491.00M 1,926.00M 5,091.00M 4,901.00M 4,748.00M
Tax Payables 66.00M 52.00M 85.00M 120.00M 380.00M 246.00M 65.00M 107.00M 116.00M
Deferred Revenue 0.00M 0.00M 0.00M 2,268.00M 0.00M -1,353.00M 0.00M -120.00M 0.00M
Other Current Liabilities 1,624.00M 1,630.00M 2,388.00M 4,188.00M 1,701.00M 497.00M 3,048.00M 2,985.00M 3,618.00M
Total Current Liabilities 8,537.00M 8,242.00M 6,623.00M 10,728.00M 9,262.00M 4,449.00M 11,286.00M 10,923.00M 11,406.00M
Long-Term Debt 2,721.00M 2,656.00M 5,904.00M 5,496.00M 757.00M 3,659.00M 16.00M 43.00M 43.00M
Capital Lease Obligations 185.00M 189.00M 199.00M 196.00M 185.00M 200.00M 206.00M 203.00M 0.00M
Deferred Tax Liabilities 53.00M 50.00M 48.00M 28.00M 25.00M 11.00M 11.00M 10.00M 3.00M
Other Non-Current Liabilities 3,550.00M 3,616.00M 3,829.00M 3,725.00M 2,154.00M -1,576.00M 1,841.00M 1,767.00M 1,699.00M
Total Non-Current Liabilities 6,509.00M 6,511.00M 9,980.00M 9,445.00M 3,121.00M 2,294.00M 2,074.00M 2,023.00M 1,745.00M
Total Liabilities 15,046.00M 14,753.00M 16,603.00M 20,173.00M 12,383.00M 6,743.00M 13,360.00M 12,946.00M 13,151.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 3.00M 3.00M 3.00M 3.00M 3.00M 2,653.00M 2,572.00M 2,968.00M 2,833.00M
Retained Earnings 1,076.00M 1,057.00M 1,155.00M 700.00M 566.00M 0.00M 0.00M 0.00M 0.00M
Accumulated OCI 1,564.00M 1,588.00M 1,605.00M 1,700.00M 1,785.00M -364.00M -304.00M -288.00M -132.00M
Minority Interest 57.00M 68.00M 70.00M 36.00M 37.00M 22.00M 68.00M 38.00M 24.00M
Total Shareholders’ Equity 2,643.00M 2,648.00M 2,763.00M 2,403.00M 2,354.00M 2,289.00M 2,268.00M 2,680.00M 2,701.00M
Total Equity 2,700.00M 2,716.00M 2,833.00M 2,439.00M 2,391.00M 2,311.00M 2,336.00M 2,718.00M 2,725.00M
Total Liabilities & Equity 17,746.00M 17,469.00M 19,436.00M 22,612.00M 14,774.00M 9,054.00M 15,696.00M 15,664.00M 15,876.00M
Tangible Assets 16,522.00M 16,246.00M 17,398.00M 16,435.00M 14,549.00M 15,204.00M 14,320.00M 14,496.00M 14,318.00M
Tangible Equity 653.00M 679.00M 794.00M 598.00M 880.00M 997.00M 1,076.00M 1,403.00M 1,392.00M
Tangible Book Value 653.00M 679.00M 794.00M 598.00M 880.00M 997.00M 1,076.00M 1,403.00M 1,392.00M
Total Investments 265.00M 259.00M 223.00M 92.00M 237.00M 582.00M 669.00M 341.00M 261.00M
Net Debt 3,036.00M 2,900.00M 2,690.00M 3,136.00M 2,043.00M 4,859.00M 4,644.00M 4,570.00M 4,330.00M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Working Capital 2,924.0M 2,910.0M 6,437.0M 1,027.0M -155.0M 2,485.0M -1,240.0M -906.0M -1,215.0M
Total Capital 8,528.0M 8,399.0M 9,070.0M 8,280.0M 6,787.0M 8,074.0M 7,581.0M 7,827.0M 7,492.0M
Capital Employed 9,165.0M 9,183.0M 12,749.0M 6,997.0M 5,460.0M 8,155.0M 4,353.0M 4,687.0M 4,470.0M
Invested Capital 5,820.0M 5,693.0M 5,653.0M 5,686.0M 4,582.0M 7,348.0M 7,118.0M 7,453.0M 7,031.0M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Net Income 488.00M 256.00M 538.00M 218.00M 159.00M 52.00M -372.00M 101.00M 166.00M
Depreciation & Amortization 741.00M 623.00M 678.00M 599.00M 560.00M 567.00M 580.00M 541.00M 465.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 20.00M 0.00M 19.00M 17.00M 18.00M 0.00M 4.00M 0.00M
Change in Working Capital 201.00M 316.00M 91.00M 289.00M 762.00M -122.00M 254.00M 30.00M -313.00M
Accounts Receivable 512.00M 0.00M -110.00M -90.00M -35.00M 115.00M 0.00M 40.00M 0.00M
Inventory -780.00M 0.00M -254.00M -97.00M -219.00M -496.00M 133.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 368.00M 555.00M 42.00M 0.00M 0.00M -8.00M
Other Working Capital 469.00M 316.00M 455.00M 108.00M 461.00M 217.00M 121.00M -10.00M -305.00M
Other Non-Cash Items -32.00M 12.00M -109.00M 211.00M -91.00M 24.00M 97.00M 33.00M 37.00M
Net Cash from Operating Activities 1,398.00M 1,227.00M 1,198.00M 1,336.00M 1,407.00M 539.00M 559.00M 709.00M 355.00M
Capital Expenditures (PPE) -759.00M -978.00M -950.00M -970.00M -777.00M -564.00M -401.00M -492.00M -437.00M
Acquisitions (Net) 0.00M 2.00M 0.00M -21.00M -30.00M -44.00M 3.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M -26.00M 0.00M 0.00M 0.00M -222.00M -96.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 69.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 83.00M -299.00M 623.00M -1,233.00M -533.00M 563.00M 530.00M -166.00M 224.00M
Net Cash from Investing Activities -676.00M -1,275.00M -284.00M -2,224.00M -1,340.00M -45.00M -90.00M -754.00M -213.00M
Net Debt Issuance -62.00M 808.00M 212.00M 1,527.00M 1,384.00M -96.00M -47.00M -216.00M 53.00M
Long-Term Debt Issuance 811.00M 702.00M 623.00M 1,527.00M 1,384.00M -96.00M -47.00M -216.00M 53.00M
Short-Term Debt Issuance -873.00M 106.00M -411.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -43.00M -64.00M -60.00M -55.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased -43.00M -64.00M -60.00M -55.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -88.00M -91.00M -91.00M 0.00M -1.00M 0.00M 0.00M -1.00M -1.00M
Common Dividends Paid -88.00M -91.00M -91.00M 0.00M -1.00M 0.00M 0.00M -1.00M -1.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 216.00M 58.00M 7.00M 17.00M -38.00M 8.00M -360.00M 188.00M -107.00M
Net Cash from Financing Activities 23.00M 711.00M 68.00M 1,489.00M 1,345.00M -88.00M -407.00M -29.00M -55.00M
Effect of FX on Cash -91.00M -111.00M -58.00M -191.00M -21.00M 28.00M -16.00M -5.00M -47.00M
Net Change in Cash 546.00M 551.00M 815.00M 410.00M 1,391.00M 434.00M 46.00M -79.00M 40.00M
Cash at Beginning of Period 11,004.00M 8,463.00M 2,698.00M 2,288.00M 897.00M 463.00M 417.00M 496.00M 456.00M
Cash at End of Period 11,550.00M 9,014.00M 3,513.00M 2,698.00M 2,288.00M 897.00M 463.00M 417.00M 496.00M
Operating Cash Flow 1,398.00M 1,227.00M 1,198.00M 1,336.00M 1,407.00M 539.00M 559.00M 709.00M 355.00M
Capital Expenditure -800.00M -976.00M -950.00M -970.00M -777.00M -564.00M -401.00M -492.00M -437.00M
Free Cash Flow 639.00M 251.00M 248.00M 366.00M 630.00M -25.00M 158.00M 217.00M -82.00M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
EBITDA 1,622.00M 1,722.00M 1,713.00M 1,677.00M 1,119.00M 1,031.00M 388.00M 972.00M 1,132.00M
(-) Tax Adjustment 6.62M 602.70M 197.22M 586.95M 391.65M 360.85M 92.23M 340.20M 396.20M
(-) Change In Working Capital 201.00M 316.00M 91.00M 289.00M 762.00M -122.00M 254.00M 30.00M -313.00M
(-) Capital Expenditure -800.00M -976.00M -950.00M -970.00M -777.00M -564.00M -401.00M -492.00M -437.00M
Unlevered Free Cash Flow 614.38M -172.70M 474.78M -168.95M -811.65M 228.15M -359.23M 109.80M 611.80M
(-) Net Interest Income After Taxes -212.13M -170.95M -116.80M -117.00M -77.35M -40.95M -43.45M -47.45M -88.40M
Net Debt Issuance -62.00M 808.00M 212.00M 1,527.00M 1,384.00M -96.00M -47.00M -216.00M 53.00M
Levered Free Cash Flow 764.51M 806.25M 803.58M 1,475.05M 649.70M 173.10M -362.78M -58.75M 753.20M