SAP SE

US · SAP #72 by market cap Listed 1970

226.03 +1.74 +0.78%

Live - 5344 symbols - heartbeat 88s ago · 2026-10-20 06:39

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 8.15, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +7.68% YoY

Margins

Gross margin: 72.86%
Operating margin: 26.14%
Net margin: 19.46%

Key ratios & quality

Enterprise value: 257.16B
PEG ratio: 0.65
Altman Z-Score: 8.15

PEG uses trailing P/E against the 3-year net income growth rate (46.36%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	24.71B	27.55B	27.34B	26.95B	29.52B	31.21B	34.18B	36.80B
Gross profit	17.25B	19.20B	19.45B	19.73B	21.48B	22.53B	24.93B	26.81B
Selling & admin expenses	7.88B	9.32B	8.46B	8.04B	9.24B	10.19B	10.53B	10.51B
Research & development	3.62B	4.29B	4.45B	5.27B	6.08B	6.32B	6.51B	6.63B
Operating profit	5.72B	5.60B	6.62B	6.47B	6.05B	6.01B	7.81B	9.62B
Pretax profit	5.60B	4.60B	7.22B	8.51B	4.51B	5.34B	4.76B	10.27B
Tax	1.51B	1.23B	1.94B	1.68B	1.45B	1.74B	1.61B	2.94B
Net profit	4.09B	3.37B	5.28B	5.38B	1.71B	5.96B	3.15B	7.33B
Basic EPS	3	3	4	4	2	5	3	6
Diluted EPS	3.42	2.78	4.35	4.46	1.94	5.20	2.65	6.10

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	9.01B	9.03B	9.08B	9.68B	9.56B	9.88B
Gross profit	6.61B	6.62B	6.67B	6.92B	6.97B	7.23B
Selling & admin expenses	2.59B	2.52B	2.55B	2.85B	2.50B	2.72B
Research & development	1.67B	1.62B	1.64B	1.70B	1.70B	1.84B
Operating profit	2.33B	2.47B	2.47B	2.34B	2.75B	2.65B
Pretax profit	2.47B	2.50B	2.75B	2.56B	2.75B	3.01B
Tax	672.00M	753.00M	694.00M	825.00M	800.00M	797.00M
Net profit	1.80B	1.75B	2.05B	1.73B	1.95B	2.21B
Basic EPS	2	1	2	2	2	2
Diluted EPS	1.51	1.44	1.71	1.57	1.65	1.88

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	16.62B	15.21B	15.07B	20.04B	18.52B	20.57B	21.40B	20.26B
Cash & ST investments	9.08B	5.61B	6.95B	11.66B	9.86B	11.47B	11.24B	9.77B
Inventory	--	--	--	--	--	--	--	--
Total assets	51.50B	60.21B	58.46B	71.17B	72.16B	68.33B	74.24B	70.36B
Total current liabilities	10.49B	14.46B	12.84B	16.14B	17.45B	14.64B	19.08B	17.42B
Short-term debt	768.00M	2.53B	1.86B	4.16B	4.33B	1.44B	3.93B	1.85B
Long-term debt	10.54B	11.09B	11.86B	9.24B	6.96B	6.03B	5.30B	4.19B
Total liabilities	22,625,000,000.00	29,390,000,000.00	28,537,000,000.00	29,651,000,000.00	29,311,000,000.00	24,925,000,000.00	28,431,000,000.00	25,288,000,000.00
Total equity	28.88B	30.82B	29.93B	41.52B	42.85B	43.41B	45.81B	45.07B
Retained earnings	27.41B	28.78B	32.03B	37.02B	36.42B	42.46B	42.91B	47.35B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	23.97B	19.64B	18.91B	20.26B	22.26B	22.65B
Cash & ST investments	12.98B	10.18B	9.93B	9.77B	10.05B	11.63B
Inventory	--	--	--	--	--	--
Total assets	75.63B	68.40B	68.40B	70.36B	73.46B	75.61B
Total current liabilities	20.55B	19.05B	17.11B	17.42B	20.82B	19.73B
Short-term debt	3.41B	3.11B	3.03B	1.85B	2.82B	1.97B
Long-term debt	--	4.26B	--	4.19B	--	--
Total liabilities	29,543,000,000.00	27,000,000,000.00	25,155,000,000.00	25,288,000,000.00	28,097,000,000.00	30,362,000,000.00
Total equity	46.09B	41.40B	43.24B	45.07B	45.37B	45.25B
Retained earnings	44.69B	43.65B	45.67B	47.35B	49.28B	48.58B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	4.30B	3.50B	7.20B	6.22B	5.65B	6.25B	5.21B	9.16B
Depreciation & amortization	1.36B	1.87B	1.83B	1.54B	1.57B	1.37B	1.28B	1.31B
Free cash flow	2.84B	2.68B	6.38B	5.52B	4.77B	5.46B	4.41B	8.42B
Dividends paid	-1.67B	-1.79B	-1.86B	-2.18B	-2.87B	-2.40B	-2.57B	-2.74B
Stock buybacks / issuance	0	0	-1.49B	0	-1.50B	-949.00M	-2.11B	-1.94B
Ending cash balance	8.63B	5.31B	5.31B	8.90B	9.01B	8.12B	9.61B	8.22B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	3.78B	2.58B	1.50B	1.30B	3.51B	3.15B
Depreciation & amortization	349.00M	319.00M	318.00M	325.00M	305.00M	316.00M
Free cash flow	3.61B	2.39B	1.30B	1.12B	3.27B	3.04B
Dividends paid	0	-2.74B	0	0	0	-2.88B
Stock buybacks / issuance	-125.00M	-1.51B	-304.00M	0	-2.28B	-321.00M
Ending cash balance	11.35B	7.94B	8.55B	8.22B	9.65B	10.51B

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	15.03	11.15	17.02	15.33	5.78	14.73	7.05	15.91
ROA %	8.69	5.95	8.67	8.11	3.19	8.74	4.39	9.91
ROIC %	11.91	7.52	10.47	7.31	6.07	12.25	6.06	13.33
5-year avg ROE %	15.59	14.13	14.67	14.80	12.86	12.80	11.98	11.76
EBIT margin %	24.36	18.82	28.96	28.00	17.15	21.32	16.03	29.24
FCF / sales %	11.51	9.72	23.33	19.48	15.46	17.77	12.94	22.87
Current ratio	1.58	1.05	1.17	1.24	1.06	1.41	1.12	1.16
Quick ratio	1.50	0.97	1.07	1.15	0.95	1.26	0.99	0.99
Debt / assets	21.95	22.62	26.45	21.28	18.13	12.87	14.35	10.63
LT debt / equity	36.54	36.06	45.77	28.26	21.78	17.04	14.79	12.61
Interest coverage	14.40	8.80	11.36	8.21	2.40	5.07	7.66	21.87
Revenue CAGR (3Y) %	5.92	7.69	5.23	2.94	2.32	4.51	8.24	7.63
Net income CAGR (3Y) %	10.04	-3.03	8.68	8.78	-11.73	6.06	-15.92	46.36
FCF CAGR (3Y) %	-1.76	-9.61	19.15	24.75	21.20	-5.05	-7.22	20.84

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	12.91	15.83	16.86	15.91	16.15	18.19
ROA %	7.72	9.43	10.26	9.91	9.81	10.83
ROIC %	10.64	13.21	13.57	13.33	13.75	14.65
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	25.50	28.16	29.51	29.24	29.60	30.40
FCF / sales %	15.21	17.83	17.70	22.87	21.63	22.86
Current ratio	1.17	1.03	1.10	1.16	1.07	1.15
Quick ratio	1.05	0.89	0.94	0.99	0.92	0.98
Debt / assets	13.36	12.79	13.34	10.63	10.70	13.90
LT debt / equity	14.66	13.74	14.22	12.61	11.23	19.09
Interest coverage	11.93	13.00	12.70	21.87	21.93	20.77
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Applications, Technology & Support (ATS) is the largest reported line at 90.22% of revenue, across 2 reported segments.
The next-largest line, Core services, is a distant second at 9.78% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Applications, Technology & Support (ATS)90.22%

Core services9.78%

Quote time 2026-10-20 06:39:38 · For reference only, not investment advice and not tailored to your situation.