Covestro AG engages in the provision of manufacture and supply of polymers. The company is headquartered in Leverkusen, Nordrhein-Westfalen and currently employs 17,598 full-time employees. The company went IPO on 2015-10-06. The company develops, produces and markets polyurethanes, polycarbonates and raw materials, as well as coatings, adhesives and other specialties. The firm's activities are divided into three segments: Polyurethanes, offering precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries, and rigid foam used as insulating material in the construction industry and in refrigeration chains; Polycarbonates, providing plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, medical technology, lighting industries, among others; and Coatings, Adhesives, Specialties, producing precursors for coatings, adhesives, sealants and specialties, as well as polymer materials and aqueous dispersions for use in automotive and transportation, wood processing and furniture applications, among others.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenue
13,403
14,179
14,377
17,968
15,903
10,706
Revenue Growth (YoY)
-5%
-1%
-20%
13%
49%
-14%
Cost of Revenue
11,536
12,002
12,071
15,404
11,475
8,207
Gross Profit
1,867
2,177
2,306
2,564
4,428
2,499
Selling, General & Admin
1,845
1,863
1,852
1,966
1,837
1,508
Research & Development
373
392
374
361
341
262
Operating Expenses
2,021
2,157
2,153
2,265
2,168
1,761
Other Non Operating Income (Expenses)
-35
-17
-10
-50
-22
-34
Pretax Income
-301
-27
73
130
2,185
605
Income Tax Expense
157
245
275
411
566
151
Net Income
-458
-266
-198
-272
1,616
459
Net Income Growth
75%
34%
-27%
-117%
252%
-17%
Shares Outstanding (Diluted)
188
188.74
189.26
190.93
193.16
184.91
Shares Change (YoY)
-3%
0%
-1%
-1%
4%
1%
EPS (Diluted)
-2.44
-1.4
-1.04
-1.42
8.36
2.48
EPS Growth
82%
35%
-27%
-117%
237%
-18%
Free Cash Flow
-117
89
232
138
1,429
531
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
13.92%
15.35%
16.03%
14.26%
27.84%
23.34%
Operating Margin
-1.14%
0.14%
1.06%
1.66%
14.21%
6.89%
Profit Margin
-3.41%
-1.87%
-1.37%
-1.51%
10.16%
4.28%
Free Cash Flow Margin
-0.87%
0.62%
1.61%
0.76%
8.98%
4.95%
EBITDA
840
1,004
1,047
1,649
3,083
1,514
EBITDA Margin
6.26%
7.08%
7.28%
9.17%
19.38%
14.14%
D&A For EBITDA
994
984
894
1,350
823
776
EBIT
-154
20
153
299
2,260
738
EBIT Margin
-1.14%
0.14%
1.06%
1.66%
14.21%
6.89%
Effective Tax Rate
-52.15%
-907.4%
376.71%
316.15%
25.9%
24.95%
Follow-Up Questions
What are Covestro AG's key financial statements?
According to the latest financial statement (Form-10K), Covestro AG has a total asset of $13,631, Net loss of $-266
What are the key financial ratios for CVVTF?
Covestro AG's Current ratio is 1.95, has a Net margin is -1.87, sales per share of $75.12.
How is Covestro AG's revenue broken down by segment or geography?
Covestro AG largest revenue segment is Solutions & Specialties, at a revenue of 7,004,000,000 in the most earnings release.For geography, Europe, Middle East, Africa and Latin America except Mexico is the primary market for Covestro AG, at a revenue of 5,762,000,000.
Is Covestro AG profitable?
no, according to the latest financial statements, Covestro AG has a net loss of $-266
Does Covestro AG have any liabilities?
yes, Covestro AG has liability of 6,973
How many outstanding shares for Covestro AG?
Covestro AG has a total outstanding shares of 188.74