profit from every SEK 100 of sales.
SEK 0SEK 100
NCC
SEK 191.90-0.98% today
-9.7% in 1 year
1-year low SEK 168.301-year high SEK 235.20
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 SEK 132.61 for every SEK 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 NCC sold, what it kept, and what it did with the cash.
Sales went from SEK 54.2 billion in 2022 to SEK 55.7 billion in 2025, with SEK 142 million of profit last year.
SalesProfit
NCC handed back more cash to shareholders than it generated last year.
SEK 1.1B
Free cash flow 2025SEK 1.1B
Bought back its own shares–
Paid as dividendsSEK 1.1B
Cash vs. debtSEK 887M vs. SEK 3.9B
NCC vs. similar companies
NCC grows the slowest of these 5 and is the most expensive for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| NCC | 132.6× · Very expensive | ||
 Quanta Services | 88.2× · Very expensive | ||
 Larsen & Toubro | 35.4× · Expensive | ||
 Ferrovial | 45.3× · Expensive | ||
 Comfort Systems USA | 38.1× · Expensive |
AI analysis
An AI analyst reads NCC'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 SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 54,198 | 56,932 | 61,609 | 55,717 | |
| 3,996 | 4,687 | 5,279 | 5,472 | |
| 1,015 | 1,531 | 2,056 | 1,978 | |
| 2,596 | 3,082 | 3,358 | 2,093 | |
| 1,069 | 1,573 | 1,571 | 142 | |
| 10.29 | 16.11 | 16.08 | 1.45 | |
| 7.4% | 8.2% | 8.6% | 9.8% | |
| 1.9% | 2.7% | 3.3% | 3.6% | |
| 2.0% | 2.8% | 2.5% | 0.3% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 29,565 | 31,950 | 32,026 | 30,582 |
| Cash | 534 | 707 | 2,910 | 887 |
| Total debt | 4,299 | 5,294 | 5,082 | 3,876 |
| Total liabilities | 22,382 | 24,626 | 23,363 | 22,665 |
| 7,183 | 7,324 | 8,663 | 7,917 | |
| 104 | 98 | 98 | 98 | |
| 9.4% | 11.7% | 12.1% | 5.6% | |
| 14.9% | 21.5% | 18.1% | 1.8% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 265 | 807 | 4,638 | 1,912 | |
| 972 | 909 | 765 | 848 | |
| -707 | -102 | 3,873 | 1,064 | |
| Dividends paid | 618 | 586 | 781 | 1,076 |
| 1,009 | 0 | – | – | |
| – | – | – | – |
Valuation
- 132.6×
- –
- –
- 2.3×
- 0.3×
- 17.7×
- 10.4×
- 5.7%
- 0.8%
- 5.7%
Profitability
- 9.8%
- 3.6%
- 0.3%
- –
- 5.6%
- 9.7%
- –
- –
- –
- –
Growth
- +0.9%
- −48.0%
- –
- –
- −2.0%
Financial health
- 1.4×
- 0.49
- –
- 4.2×
- 1.37
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 29%of 984
Bottom 17%of 987
Bottom 3%of 875
Bottom 20%of 988
Top 35%of 987
5.7%of the share price, paid each year
On $1,000 invested$57a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
757.7% of its profit
Room to growStretchedMore than it earns: 101.1%
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
0/7Passes 0 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
34No pass
Benjamin Graham
40No pass
Philip Fisher
20No pass
Peter Lynch
17No pass
Joel Greenblatt
7No pass
Charlie Munger
23No pass
Terry Smith
18No pass
Questions about NCC
Is NCC a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 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 NCC AI analysis
What does NCC do?
NCC AB (publ) operates as a construction company in Sweden, Norway, Denmark, and Finland. The company operates through five segments: NCC Infrastructure, NCC Building Sweden, NCC Building Nordic, NCC Industry, and NCC Property Development. It is in Engineering & Construction, based in Solna, Sweden, with 11,500 employees.
Does NCC pay a dividend?
Yes. At today's price the dividend is 5.7% a year. In 2025 it paid out SEK 1.08 billion in dividends.
Is NCC stock halal?
Yes. NCC passes our halal screen: its business is permitted and its debt is 21% of its market value, under the 30% limit. How we check
How has NCC stock done over the past year?
Down 9.7% over the past twelve months, to SEK 191.90. It traded between SEK 168.30 and SEK 235.20 and is 18.4% below its high.
Who are NCC's competitors?
The largest listed companies in the same industry are Quanta Services, Larsen & Toubro, Ferrovial and Comfort Systems USA. The peers table on this page compares their profit, growth and price with NCC's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.