CompanyGraph
What stands out
- Most companies in its industry are production businesses; this one is a sense-making business
At a glance
- Depends onMidstream position: 5 outgoing, 4 incoming connections
- ScaleRevenue is $823.86M, above the global median of $548.88M
- FinancialsAltman Z-Score 0.31: distress zone
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is a sense-making business
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
517.80MEUR594.74M · vs all stocks (USD)
Revenue (TTM)
717.28MEUR823.86M · vs all stocks (USD)
Profit Margin
-27.47%Beta
1.26xvs all stocks
52-Week Change
-53.54%vs all stocks
Market Capitalization
517.80MEUR594.74M · vs all stocks (USD)
Enterprise Value
528.02MEUR606.48M · vs all stocks (USD)
Forward P/E
-6.98xPrice to Sales (TTM)
0.7219xPrice to Book (MRQ)
0.7779xEnterprise to Revenue
0.7360xEnterprise to EBITDA
-7.21xGross Margin
-1.10%Profit Margin
-27.47%Operating Margin
-62.26%Return on Assets (TTM)
-5.39%Return on Equity (TTM)
-26.07%Revenue (TTM)
717.28MEUR823.86M · vs all stocks (USD)
Revenue per Share (TTM)
4.04EURUpdated Sep 19, 2026Quarterly Revenue Growth
-16.20%Gross Profit (TTM)
60.71MEUR69.73M · vs all stocks (USD)
EBITDA (TTM)
28.23MEUR32.42M · vs all stocks (USD)
Net Income (TTM)
-197.05MEUR-226.33M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-16.21%Operating Cash Flow (TTM)
-115.03MEUR-132.12M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-80.99MEUR-93.03M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.00EURUpdated Sep 19, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%Revenue
788.37MEURFY2025 · Dec 31, 2025Cost of Goods Sold
674.15MEURFY2025 · Dec 31, 2025Gross Profit
114.22MEURFY2025 · Dec 31, 2025Operating Income
-55.82MEUR-64.11M · vs all stocks (USD)
Pre-tax Income
-86.77MEURFY2025 · Dec 31, 2025Income Tax Expense
16.75MEURFY2025 · Dec 31, 2025Net Income
-103.52MEURFY2025 · Dec 31, 2025EBIT
-72.32MEURFY2025 · Dec 31, 2025EBITDA (Income Statement)
28.23MEURFY2025 · Dec 31, 2025Research & Development
37.51MEURFY2025 · Dec 31, 2025Selling, General & Administrative
175.97MEURFY2025 · Dec 31, 2025Other Operating Expenses
-1.83MEURFY2025 · Dec 31, 2025Non-operating Interest Income
4.42MEURFY2025 · Dec 31, 2025Non-operating Interest Expense
14.44MEURFY2025 · Dec 31, 2025EPS (Basic)
-0.5800EURFY2025 · Dec 31, 2025EPS (Diluted)
-0.5800EURFY2025 · Dec 31, 2025Basic Shares Outstanding
177.58MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
177.58MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-103.52MEURFY2025 · Dec 31, 2025Operating Cash Flow
-15.33MEURFY2025 · Dec 31, 2025Free Cash Flow
-87.65MEURFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
418.52MEURFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-103.52MEURFY2025 · Dec 31, 2025Depreciation & Amortization
99.48MEURFY2025 · Dec 31, 2025Deferred Taxes (CF)
16.75MEURFY2025 · Dec 31, 2025Stock-based Compensation
3.78MEURFY2025 · Dec 31, 2025Other Non-cash Items
28.99MEURFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-28.73MEURFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
-7.30MEURFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-24.77MEURFY2025 · Dec 31, 2025Capital Expenditures
-72.33MEURFY2025 · Dec 31, 2025Net Intangibles (CF)
-10.08MEURFY2025 · Dec 31, 2025Net Acquisitions
216.86MEURFY2025 · Dec 31, 2025Purchase of Investments
0.00EURFY2025 · Dec 31, 2025Sale of Investments
31.97MEURFY2025 · Dec 31, 2025Other Investing Activity
1.00KEURFY2025 · Dec 31, 2025Net Investing Cash Flow
176.50MEURFY2025 · Dec 31, 2025Long-term Debt Issuance
43.96MEURFY2025 · Dec 31, 2025Long-term Debt Payments
-73.38MEURFY2025 · Dec 31, 2025Common Stock Repurchase
-1.55MEURFY2025 · Dec 31, 2025Common Dividends Paid
0.00EURFY2025 · Dec 31, 2025Other Financing Charges
-1.46MEURFY2025 · Dec 31, 2025Net Financing Cash Flow
-32.43MEURFY2025 · Dec 31, 2025Shares Outstanding
177.59MSharesUpdated Sep 19, 2026Float Shares
135.39MSharesUpdated Sep 19, 2026% Held by Insiders
9.97%vs all stocks
% Held by Institutions
62.07%vs all stocks
Total Cash (MRQ)
465.59MEUR534.77M · vs all stocks (USD)
Total Cash per Share (MRQ)
2.62EURUpdated Sep 19, 2026Total Debt (MRQ)
475.87MEUR546.57M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.7150xCurrent Ratio (MRQ)
2.33xBook Value per Share (MRQ)
3.75EURUpdated Sep 19, 2026Total Assets
1.71BEUR1.97B · vs all stocks (USD)
Total Current Assets
762.95MEURFY2025 · Dec 31, 2025Total Liabilities
900.24MEURFY2025 · Dec 31, 2025Total Non-current Assets
951.00MEURFY2025 · Dec 31, 2025Total Non-current Liabilities
532.17MEURFY2025 · Dec 31, 2025Total Current Liabilities
368.07MEURFY2025 · Dec 31, 2025Cash
167.73MEURFY2025 · Dec 31, 2025Cash Equivalents
234.06MEURFY2025 · Dec 31, 2025Cash & Cash Equivalents
401.79MEURFY2025 · Dec 31, 2025Other Short-term Investments
61.23MEURFY2025 · Dec 31, 2025Accounts Receivable
135.96MEURFY2025 · Dec 31, 2025Inventory
29.32MEURFY2025 · Dec 31, 2025Accounts Payable
64.76MEURFY2025 · Dec 31, 2025Short-term Debt
103.68MEURFY2025 · Dec 31, 2025Deferred Revenue
108.07MEURFY2025 · Dec 31, 2025Other Current Liabilities
11.10MEURFY2025 · Dec 31, 2025Long-term Debt
344.01MEURFY2025 · Dec 31, 2025Other Non-current Liabilities
1.72MEURFY2025 · Dec 31, 2025Common Stock (Book)
177.78MEURFY2025 · Dec 31, 2025Retained Earnings
-775.89MEURFY2025 · Dec 31, 2025Total Shareholders' Equity
813.70MEUR934.61M · vs all stocks (USD)
Treasury Stock
1.55MEURFY2025 · Dec 31, 202552-Week Low
2.77EURUpdated Sep 19, 202652-Week High
7.30EURUpdated Sep 19, 202652-Week Change
-53.54%vs all stocks
Beta
1.26xvs all stocks
50-Day MA
3.42EURUpdated Sep 19, 2026200-Day MA
4.81EURUpdated Sep 19, 2026Avg 10-Day Volume
968.64KSharesUpdated Sep 19, 2026Avg 30-Day Volume
871.43KSharesUpdated Sep 19, 2026Diluted EPS (TTM)
-1.11EURUpdated Sep 19, 2026Other Income / Expense
-20.93MEURFY2025 · Dec 31, 2025Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Most companies in its industry are production businesses; this one is a sense-making businessSignificant
Industry peers: 330Share on the common pattern %: 99.00
Looks liquid, but the distress score says otherwiseNotable
Current Ratio: 2.33Altman Z-Score: 0.31
Financial Health
Altman Z-Score 0.31: distress zoneCritical
Altman Z-Score: 0.31
Supply Chain
Midstream position: 5 outgoing, 4 incoming connectionsNotable
Outgoing: 5.00Incoming: 4.00
Scale
Revenue is $823.86M, above the global median of $548.88MNotable
Revenue (USD): 823,864,090.159Global Median: 548,883,780.48
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