Konecranes Oyj

Konecranes maintains a debt-to-equity ratio of 0.59 and a current ratio of 1.2, indicating moderate leverage and liquidity. The company holds EUR 518.1 million in cash and equivalents, but this is offset by EUR 958 million in long-term debt, resulting in a net cash position of negative EUR 439.9 million. Free cash flow of EUR 112.5 million supports operational flexibility, though capital expenditures of EUR 29.3 million suggest ongoing investment in infrastructure.

Profitability metrics show a return on equity of 6.1% and a return on assets of 2.18%, both below the industry median for Heavy Machinery & Vehicles. Gross margin of 57.7% (calculated from EUR 594.8 million gross profit on EUR 1.03 billion revenue) is in line with sector norms, but operating margin of 13.4% (EUR 137.8 million) and net margin of 9.7% (EUR 99.7 million) lag behind peers, indicating potential inefficiencies in cost control or pricing power.

The company’s revenue is concentrated in disclosed segments and geographic regions, though specific segment breakdowns are not provided in the latest financials. Given the capital-intensive nature of the industry, revenue concentration in a few large markets or clients could pose a risk if demand shifts.

Revenue of EUR 1.03 billion in the latest period reflects a stable growth trajectory, though no year-over-year change is provided. Analysts project a mean price target of EUR 32.95, with a median of EUR 34.00, suggesting moderate upside from current levels. The absence of a "Hold" rating among 6 analysts indicates a generally positive outlook, though the mean recommendation of 1.67 (on a 1–5 scale) suggests a cautious buy rather than a strong buy.

Risk factors include liquidity constraints due to the net cash deficit and the potential for dilution if the company issues additional shares to fund operations or debt obligations. The risk assessment flags net cash as negative after subtracting total debt, and while dilution is currently rated as low, the company’s equity base of EUR 1.63 billion may be vulnerable to further issuance.

Recent events include no disclosed earnings call transcripts or regulatory filings in the provided data. Analysts have issued 2 strong-buy and 4 buy ratings, with no hold or sell recommendations, suggesting confidence in the company’s fundamentals despite its moderate profitability and liquidity position.

Net income grew at a 28.4% CAGR over four years, demonstrating strong profitability expansion.

Operating and net margins exceed the 75th percentile of the heavy machinery cohort.

Analysts project 16.6% upside to the mean price target of 32.95 EUR.

Free cash flow increased 13.9% year-over-year, reaching 356.2 million EUR in FY2026.

Long-term debt decreased significantly to 469.9 million EUR in FY2026 from 895.7 million EUR.

Revenue declined 0.9% year-over-year in FY2026, signaling potential top-line stagnation.

Return on equity of 6.1% remains modest compared to broader market expectations.

The company faces medium liquidity and credit risk flags according to risk assessments.

Cash conversion ratio of 0.95 is below the cohort median of 1.03.

Debt-to-equity ratio of 0.59 is higher than the cohort median of 0.35.

Revenue €907.9M, −7,7% YoY; Operating income −4,4% YoY.

• ▍Revenue €907.9M, −7,7% YoY
• ▍Operating income −4,4% YoY
• ▍Net income −8,6% YoY
• ▍Free cash flow −7,4% YoY
• ▍Net margin 7.4%

Revenue €1.16B, −4,1% YoY; Operating income +3,8% YoY.

• ▍Revenue €1.16B, −4,1% YoY
• ▍Operating income +3,8% YoY
• ▍Net income +12,6% YoY
• ▍Free cash flow +31,9% YoY
• ▍Net margin 10.5%

Revenue €988.7M, −7,6% YoY; Operating income +11,2% YoY.

• ▍Revenue €988.7M, −7,6% YoY
• ▍Operating income +11,2% YoY
• ▍Net income +2,7% YoY
• ▍Free cash flow +0,1% YoY
• ▍Net margin 10.5%

Revenue €1.05B, +2,0% YoY; Operating income −0,7% YoY.

• ▍Revenue €1.05B, +2,0% YoY
• ▍Operating income −0,7% YoY
• ▍Net income +0,7% YoY
• ▍Free cash flow −108,4% YoY
• ▍Net margin 9.5%

Revenue €983.7M; Operating income €100.0M.

• ▍Revenue €983.7M
• ▍Operating income €100.0M
• ▍Net margin 7.5%

Revenue €1.21B; Operating income €146.4M.

• ▍Revenue €1.21B
• ▍Operating income €146.4M
• ▍Net margin 8.9%

Revenue €1.07B; Operating income €138.1M.

• ▍Revenue €1.07B
• ▍Operating income €138.1M
• ▍Net margin 9.4%

Revenue €1.03B; Operating income €137.8M.

• ▍Revenue €1.03B
• ▍Operating income €137.8M
• ▍Net margin 9.7%

Revenue €4.19B, −0,9% YoY; Operating income +6,1% YoY.

• ▍Revenue €4.19B, −0,9% YoY
• ▍Operating income +6,1% YoY
• ▍Net income +8,5% YoY
• ▍Free cash flow +13,9% YoY
• ▍Net margin 9.5%

Revenue €4.23B, +6,6% YoY; Operating income +27,1% YoY.

• ▍Revenue €4.23B, +6,6% YoY
• ▍Operating income +27,1% YoY
• ▍Net income +33,7% YoY
• ▍Free cash flow +30,9% YoY
• ▍Net margin 8.7%

Revenue €3.97B, +17,9% YoY; Operating income +80,3% YoY.

• ▍Revenue €3.97B, +17,9% YoY
• ▍Operating income +80,3% YoY
• ▍Net income +96,4% YoY
• ▍Free cash flow +116,9% YoY
• ▍Net margin 6.9%

Revenue €3.36B, +5,6% YoY; Operating income +1,4% YoY.

• ▍Revenue €3.36B, +5,6% YoY
• ▍Operating income +1,4% YoY
• ▍Net income −4,5% YoY
• ▍Free cash flow −29,9% YoY
• ▍Net margin 4.2%