profit from every CHF 100 of sales.
CHF 0CHF 100
BKW
CHF 126.50+0.00% today
-23.9% in 1 year
1-year low CHF 115.901-year high CHF 179.30
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay CHF 18.71 for every CHF 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What BKW sold, what it kept, and what it did with the cash.
Sales went from CHF 5.06 billion in 2022 to CHF 4.20 billion in 2025, with CHF 357 million of profit last year.
SalesProfit
BKW handed back 81% of the cash it generated last year.
CHF 216M
Free cash flow 2025CHF 291M
Bought back its own sharesCHF 20M
Paid as dividendsCHF 216M
Cash vs. debtCHF 855M vs. CHF 2.1B
BKW vs. similar companies
BKW grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from CHF 100 of sales | Sales growth a year | Price per CHF 1 of profit |
|---|---|---|---|
| BKW | 18.7× · Fair price | ||
 China Yangtze Power | 21.0× · Fair price | ||
 Huaneng Lancang River Hydropower | 23.7× · Fair price | ||
 Verbund | 17.1× · Fair price | ||
 Adani Green Energy | 141.8× · Very expensive |
AI analysis
An AI analyst reads BKW's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CHF | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 5,065 | 4,274 | 4,549 | 4,201 | |
| 2,512 | 2,079 | 2,405 | 2,080 | |
| 975 | 673 | 785 | 519 | |
| 1,302 | 946 | 1,185 | 874 | |
| 550 | 478 | 622 | 357 | |
| 10.43 | 9.06 | 11.80 | 6.77 | |
| 49.6% | 48.6% | 52.9% | 49.5% | |
| 19.3% | 15.7% | 17.3% | 12.4% | |
| 10.9% | 11.2% | 13.7% | 8.5% |
Balance sheet
| In millions of CHF | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 11,885 | 11,012 | 11,595 | 11,502 |
| Cash | 798 | 772 | 867 | 855 |
| Total debt | 2,312 | 2,130 | 2,163 | 2,149 |
| Total liabilities | 7,506 | 5,965 | 5,936 | 5,584 |
| 4,067 | 4,615 | 5,212 | 5,467 | |
| 53 | 53 | 53 | 53 | |
| 13.7% | 8.4% | 10.3% | 6.5% | |
| 13.5% | 10.4% | 11.9% | 6.5% |
Cash flow
| In millions of CHF | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 730 | 704 | 739 | 686 | |
| 258 | 354 | 453 | 395 | |
| 471 | 350 | 287 | 291 | |
| Dividends paid | 152 | 228 | 196 | 216 |
| – | 44 | 41 | 20 | |
| – | – | – | – |
Valuation
- 18.7×
- –
- –
- 1.2×
- 1.6×
- 22.9×
- 9.1×
- 4.4%
- 5.3%
- 3.2%
Profitability
- 49.5%
- 12.4%
- 8.5%
- –
- 6.5%
- 9.7%
- –
- –
- –
- –
Growth
- −6.0%
- −13.4%
- –
- –
- −0.0%
Financial health
- 1.5×
- 0.39
- –
- 8.0×
- 1.58
- –
- –
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 34%of 398
Bottom 30%of 393
Bottom 46%of 363
Bottom 14%of 398
Top 37%of 397
3.2%of the share price, paid each year
On $1,000 invested$32a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
60.4% of its profit
Room to growStretchedMore than it earns: 74.1%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
49No pass
Benjamin Graham
71Pass
Philip Fisher
43No pass
Peter Lynch
22No pass
Joel Greenblatt
35No pass
Charlie Munger
41No pass
Terry Smith
33No pass
Questions about BKW
Is BKW a good stock to buy?
A solid business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the BKW AI analysis
What does BKW do?
BKW AG, an energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally. It is in Utilities - Renewable, based in Bern, Switzerland, with 10,083 employees.
Does BKW pay a dividend?
Yes. At today's price the dividend is 3.2% a year, about 60% of its yearly profit. In 2025 it paid out CHF 216 million in dividends.
Is BKW stock halal?
Questionable. BKW sits in a grey zone: its debt is 32% of its market value, between 30% and 33%. How we check
How has BKW stock done over the past year?
Down 23.9% over the past twelve months, to CHF 126.50. It traded between CHF 115.90 and CHF 179.30 and is 29.4% below its high.
Who are BKW's competitors?
The largest listed companies in the same industry are China Yangtze Power, Huaneng Lancang River Hydropower, Verbund and Adani Green Energy. The peers table on this page compares their profit, growth and price with BKW's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.