profit from every SEK 100 of sales.
SEK 0SEK 100
Ratos
SEK 42.60-0.23% today
+16.1% in 1 year
1-year low SEK 31.701-year high SEK 42.80
Trading close to its highest price of 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 6.55 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 Ratos sold, what it kept, and what it did with the cash.
Sales went from SEK 29.9 billion in 2022 to SEK 18.8 billion in 2025, with SEK 2.13 billion of profit last year.
SalesProfit
Ratos handed back 23% of the cash it generated last year.
SEK 442M
Free cash flow 2025SEK 1.9B
Bought back its own shares–
Paid as dividendsSEK 442M
Cash vs. debtSEK 1.1B vs. SEK 7.9B
Ratos vs. similar companies
Ratos grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| Ratos | 6.6× · Cheap | ||
 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 Ratos'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 |
|---|---|---|---|---|
| 29,875 | 33,747 | 20,057 | 18,833 | |
| 11,690 | 14,645 | 11,083 | 10,510 | |
| 1,423 | 770 | 395 | -1,277 | |
| 2,909 | 5,189 | 2,717 | 3,376 | |
| 548 | 1,218 | 249 | 2,130 | |
| 1.68 | 3.72 | 0.76 | 6.46 | |
| 39.1% | 43.4% | 55.3% | 55.8% | |
| 4.8% | 2.3% | 2.0% | -6.8% | |
| 1.8% | 3.6% | 1.2% | 11.3% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 37,175 | 36,129 | 34,536 | 27,885 |
| Cash | 2,532 | 2,360 | 2,186 | 1,138 |
| Total debt | 13,035 | 10,429 | 9,003 | 7,914 |
| Total liabilities | 23,387 | 21,678 | 19,784 | 12,451 |
| 12,289 | 12,314 | 12,270 | 13,308 | |
| 326 | 330 | 327 | 332 | |
| 4.9% | 10.1% | 3.6% | 0.9% | |
| 4.5% | 9.9% | 2.0% | 16.0% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,431 | 4,275 | 3,445 | 2,294 | |
| 405 | 231 | 287 | 394 | |
| 1,026 | 4,044 | 3,158 | 1,900 | |
| Dividends paid | 390 | 274 | 409 | 442 |
| – | – | 2 | – | |
| – | – | – | – |
Valuation
- 6.6×
- –
- 0.12
- 0.8×
- 0.7×
- 7.3×
- 6.1×
- 13.6%
- 15.3%
- 3.2%
Profitability
- 55.8%
- -6.8%
- 11.3%
- –
- 0.9%
- 4.9%
- –
- –
- –
- –
Growth
- −14.3%
- +56.7%
- –
- –
- +0.5%
Financial health
- 4.4×
- 0.59
- –
- 0.5×
- 1.26
- –
- –
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 8%of 982
Bottom 4%of 991
Top 3%of 875
Bottom 2%of 988
Top 9%of 988
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
20.8% of its profit
Room to growStretchedMore than it earns: 23.3%
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
3/7Passes 3 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
47No pass
Benjamin Graham
85Pass
Philip Fisher
60Pass
Peter Lynch
82Pass
Joel Greenblatt
22No pass
Charlie Munger
39No pass
Terry Smith
37No pass
Questions about Ratos
Is Ratos a good stock to buy?
A business with weak numbers, and the price looks low. 3 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 Ratos AI analysis
What does Ratos do?
Ratos AB (publ) is a private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions. The firm does not invest in early stages and in companies that operate in the arms industry, pornography, or are detrimental to the environment. It is in Engineering & Construction, based in Stockholm, Sweden, with 8,591 employees.
Does Ratos pay a dividend?
Yes. At today's price the dividend is 3.2% a year, about 21% of its yearly profit. In 2025 it paid out SEK 442 million in dividends.
Is Ratos stock halal?
No. Ratos does not pass our halal screen: its debt is 57% of its market value, at or above the 33% limit. How we check
How has Ratos stock done over the past year?
Up 16.1% over the past twelve months, to SEK 42.60. It traded between SEK 31.70 and SEK 42.80, close to its high.
Who are Ratos'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 Ratos's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.