Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Vestas Wind Systems AS (VWDRY) had Return on Tangible Equity of 175.28% for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$21.30B
Net Income	$880.23M
Cost of Goods Sold	$18.47B
Gross Profit	$2.83B
Operating Expenses	$20.15B
Operating Income	$1.15B
Non-Operating Income/Expense	$27.15M
Pre-Tax Income	$1.18B
Normalized Pre-Tax Income	$1.18B
Income after Taxes	$882.49M
Income from Continuous Operations	$882.49M
Consolidated Net Income/Loss	$882.49M
Normalized Income after Taxes	$882.49M
EBIT	$1.15B
EBITDA	$1.15B
Weighted-Average Shares Outstanding (Basic)	3.00B
Weighted-Average Shares Outstanding (Diluted)	3.01B
Earnings per Share (EPS) (Basic)	$0.29
Earnings per Share (EPS) (Diluted)	$0.29
Balance Sheet Financials
Current Assets	$19.05B
Property, Plant, and Equipment	$3.16B
Long-Term Assets	$10.06B
Total Assets	$29.11B
Current Liabilities	$19.06B
Long-Term Debt	$2.93B
Long-Term Liabilities	$5.66B
Total Liabilities	$24.72B
Common Equity	$4.39B
Tangible Shareholders Equity	$503.47M
Shareholders Equity	$4.39B
Common Shares Outstanding	2.97B
Cash Flow Statement Financials
Cash Flow from Operating Activities	$2.59B
Cash Flow from Investing Activities	$-1.32B
Cash Flow from Financial Activities	$-615.48M
Beginning Cash	$4.32B
End Cash	$4.96B
Increase/Decrease in Cash	$641.50M
Stock-Based Compensation	--
Common Stock Dividends Paid	$-83.72M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.00
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.40
Debt to Equity Ratio	0.87
Gross Margin	13.27%
Operating Margin	5.39%
EBIT Margin	5.39%
EBITDA Margin	5.39%
Pre-Tax Profit Margin	5.52%
Profit Margin	4.13%
Free Cash Flow	$1.66B
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.73
Inventory Turnover	2.85
Receiveable Turnover	5.78
Days Sales in Receivables	63.10
Return on Equity	20.10%
Return on Tangible Equity	175.28%
Return on Assets	3.03%
Return on Investments	12.05%
Book Value Per Share	$1.48
Free Cash Flow per Share	$0.55
Operating Cash Flow per Share	$0.86

Data from Zacks Investment Research, Inc.