profit from every NOK 100 of sales.
NOK 0NOK 100
SalMar
NOK 593.50+0.25% today
-2.4% in 1 year
1-year low NOK 452.401-year high NOK 622.00
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 NOK 72.74 for every NOK 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 SalMar sold, what it kept, and what it did with the cash.
Sales went from NOK 20.1 billion in 2022 to NOK 27.3 billion in 2025, with NOK 1.11 billion of profit last year.
SalesProfit
SalMar handed back more cash to shareholders than it generated last year.
NOK 3.0B
Free cash flow 2025NOK 1.2B
Bought back its own sharesNOK 50M
Paid as dividendsNOK 3.0B
Cash vs. debtNOK 560M vs. NOK 23.3B
SalMar vs. similar companies
SalMar grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| SalMar | 72.7× · Very expensive | ||
 Muyuan Foods Group | 16.4× · Fair price | ||
 Archer-Daniels-Midland | 31.3× · Expensive | ||
 Wens Foodstuff Group | 21.0× · Fair price | ||
 Mowi | 15.7× · Fair price |
AI analysis
An AI analyst reads SalMar'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 NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 20,070 | 28,099 | 26,318 | 27,343 | |
| 10,901 | 16,582 | 13,240 | 12,763 | |
| 4,648 | 8,797 | 5,261 | 3,283 | |
| 5,927 | 9,954 | 7,218 | 5,103 | |
| 3,312 | 3,203 | 2,969 | 1,105 | |
| 27.60 | 24.33 | 22.49 | 8.24 | |
| 54.3% | 59.0% | 50.3% | 46.7% | |
| 23.2% | 31.3% | 20.0% | 12.0% | |
| 16.5% | 11.4% | 11.3% | 4.0% |
Balance sheet
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 62,501 | 53,331 | 54,433 | 57,946 |
| Cash | 2,558 | 621 | 331 | 560 |
| Total debt | 23,217 | 15,738 | 19,012 | 23,309 |
| Total liabilities | 38,346 | 30,252 | 34,194 | 37,798 |
| 19,356 | 19,901 | 17,926 | 17,745 | |
| 120 | 132 | 132 | 134 | |
| 9.0% | 18.6% | 11.5% | 6.0% | |
| 17.1% | 16.1% | 16.6% | 6.2% |
Cash flow
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 4,222 | 8,975 | 5,381 | 3,191 | |
| 2,455 | 2,353 | 2,582 | 1,950 | |
| 1,768 | 6,622 | 2,799 | 1,241 | |
| Dividends paid | 2,405 | 2,748 | 4,682 | 3,024 |
| – | – | 0 | 50 | |
| 54 | 48 | 77 | 67 |
Valuation
- 72.7×
- –
- –
- 4.4×
- 2.9×
- 64.8×
- 20.2×
- 1.5%
- 1.4%
- 3.8%
Profitability
- 46.7%
- 12.0%
- 4.0%
- –
- 6.0%
- 11.3%
- –
- –
- –
- –
Growth
- +10.9%
- −33.2%
- –
- –
- +3.8%
Financial health
- 4.5×
- 1.31
- –
- 2.2×
- 2.05
- –
- –
How it ranks in Consumer Staples
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 23%of 670
Top 43%of 674
Bottom 4%of 624
Top 23%of 673
Bottom 22%of 668
3.8%of the share price, paid each year
On $1,000 invested$38a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
273.7% of its profit
Room to growStretchedMore than it earns: 243.7%
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
33No pass
Benjamin Graham
33No pass
Philip Fisher
27No pass
Peter Lynch
24No pass
Joel Greenblatt
3No pass
Charlie Munger
25No pass
Terry Smith
34No pass
Questions about SalMar
Is SalMar 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 SalMar AI analysis
What does SalMar do?
SalMar ASA, an aquaculture company, produces and sells farmed salmon in Norway, Asia, Europe, North America, and internationally. It is in Farm Products, based in Kverva, Norway, with 3,066 employees.
Does SalMar pay a dividend?
Yes. At today's price the dividend is 3.8% a year, about 274% of its yearly profit. In 2025 it paid out NOK 3.02 billion in dividends.
Is SalMar stock halal?
Yes. SalMar passes our halal screen: its business is permitted and its debt is 29% of its market value, under the 30% limit. How we check
How has SalMar stock done over the past year?
Down 2.4% over the past twelve months, to NOK 593.50. It traded between NOK 452.40 and NOK 622.00 and is 4.6% below its high.
Who are SalMar's competitors?
The largest listed companies in the same industry are Muyuan Foods Group, Archer-Daniels-Midland, Wens Foodstuff Group and Mowi. The peers table on this page compares their profit, growth and price with SalMar's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.