Telefonaktiebolaget LM Ericsson B ADR (ERIC) financial statements

Technology · Communication Equipment · Market cap $32.9B

Telefonaktiebolaget LM Ericsson B ADR reported revenue of 236.7B SEK in fiscal 2025, up 0.8% a year over 9 years.

Net income was 28.4B SEK and the operating margin 16.3%, against 2.4% in 2016.

Free cash flow was 29.2B SEK, and the company returned 9.5B SEK in dividends.

Revenue and free cash flow

Fiscal years, $ billions (SEK).

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Income statement

Fiscal years, in SEK, from Telefonaktiebolaget LM Ericsson B ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	220.3B SEK	205.4B SEK	210.8B SEK	227.2B SEK	232.4B SEK	232.3B SEK	271.5B SEK	263.4B SEK	247.9B SEK	236.7B SEK
Cost of revenue	155.1B SEK	157.5B SEK	142.6B SEK	142.4B SEK	138.7B SEK	131.6B SEK	158.3B SEK	161.7B SEK	138.5B SEK	124.0B SEK
Gross profit	65.3B SEK	47.9B SEK	68.2B SEK	84.8B SEK	93.7B SEK	100.7B SEK	113.3B SEK	101.6B SEK	109.4B SEK	112.7B SEK
Research and development	31.6B SEK	37.9B SEK	38.9B SEK	38.8B SEK	39.7B SEK	42.1B SEK	47.3B SEK	50.7B SEK	53.5B SEK	48.9B SEK
Selling, general and admin	28.3B SEK	29.0B SEK	27.5B SEK	26.1B SEK	26.7B SEK	27.0B SEK	35.7B SEK	39.3B SEK	51.7B SEK	33.7B SEK
Operating income	5.2B SEK	-34.7B SEK	1.2B SEK	10.6B SEK	27.8B SEK	31.8B SEK	27.0B SEK	-20.3B SEK	4.3B SEK	38.6B SEK
Interest expense	2.2B SEK	1.6B SEK	2.0B SEK	2.7B SEK	2.1B SEK	1.7B SEK	1.9B SEK	4.1B SEK	4.1B SEK	3.0B SEK
Pre-tax income	2.9B SEK	-36.0B SEK	-1.5B SEK	8.8B SEK	27.2B SEK	29.2B SEK	24.6B SEK	-23.3B SEK	2.6B SEK	38.3B SEK
Income tax	1.9B SEK	-3.5B SEK	4.8B SEK	6.9B SEK	9.6B SEK	6.3B SEK	5.5B SEK	2.8B SEK	2.2B SEK	9.6B SEK
Net income	833M SEK	-32.6B SEK	-6.5B SEK	2.2B SEK	17.5B SEK	22.7B SEK	18.7B SEK	-26.4B SEK	20M SEK	28.4B SEK
EPS (diluted)	0.25 SEK	-9.94 SEK	-1.98 SEK	0.67 SEK	5.26 SEK	6.81 SEK	5.62 SEK	-7.94 SEK	0.01 SEK	8.51 SEK
Diluted shares	3.30B	3.28B	3.29B	3.32B	3.33B	3.33B	3.33B	3.33B	3.34B	3.34B
Gross margin	29.6%	23.3%	32.3%	37.3%	40.3%	43.4%	41.7%	38.6%	44.1%	47.6%
Operating margin	2.4%	-16.9%	0.6%	4.6%	12.0%	13.7%	10.0%	-7.7%	1.7%	16.3%
Net margin	0.4%	-15.9%	-3.1%	1.0%	7.5%	9.8%	6.9%	-10.0%	0.0%	12.0%

Balance sheet

Fiscal years, in SEK, from Telefonaktiebolaget LM Ericsson B ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Cash and short-term investments	37.0B SEK	35.9B SEK	38.4B SEK	45.1B SEK	43.6B SEK	54.0B SEK	38.3B SEK	35.2B SEK	43.9B SEK	43.9B SEK
Receivables	48.4B SEK	48.1B SEK	51.2B SEK	43.1B SEK	42.1B SEK	45.4B SEK	48.4B SEK	42.2B SEK	44.2B SEK	40.3B SEK
Inventory	31.6B SEK	25.5B SEK	29.3B SEK	30.9B SEK	28.1B SEK	35.2B SEK	45.8B SEK	36.1B SEK	27.1B SEK	23.5B SEK
Total current assets	175.1B SEK	153.4B SEK	161.2B SEK	153.9B SEK	149.8B SEK	174.8B SEK	173.8B SEK	155.0B SEK	154.3B SEK	143.6B SEK
Property, plant and equipment	16.7B SEK	12.9B SEK	12.8B SEK	13.8B SEK	13.4B SEK	13.6B SEK	14.2B SEK	12.2B SEK	10.5B SEK	8.8B SEK
Goodwill	43.4B SEK	27.8B SEK	30.0B SEK	31.2B SEK	34.9B SEK	38.2B SEK	84.6B SEK	52.9B SEK	56.1B SEK	46.9B SEK
Total assets	284.1B SEK	259.9B SEK	268.8B SEK	276.4B SEK	271.5B SEK	305.6B SEK	349.5B SEK	297.0B SEK	292.4B SEK	279.2B SEK
Total current liabilities	100.8B SEK	99.5B SEK	110.9B SEK	116.8B SEK	114.3B SEK	127.0B SEK	145.6B SEK	129.4B SEK	131.9B SEK	110.9B SEK
Long-term debt	18.7B SEK	30.5B SEK	30.9B SEK	28.3B SEK	22.2B SEK	22.2B SEK	26.9B SEK	29.2B SEK	31.9B SEK	29.2B SEK
Total liabilities	1.2B SEK	1.6B SEK	181.0B SEK	194.5B SEK	186.4B SEK	198.5B SEK	216.2B SEK	199.6B SEK	199.4B SEK	169.0B SEK
Shareholders' equity	134.6B SEK	96.9B SEK	87.0B SEK	82.6B SEK	86.7B SEK	108.8B SEK	134.8B SEK	98.7B SEK	94.3B SEK	109.5B SEK
Net debt	-10.3B SEK	-2.8B SEK	-5.3B SEK	-7.4B SEK	-13.5B SEK	-22.2B SEK	-5.4B SEK	11.7B SEK	-5.8B SEK	-11.2B SEK

Cash flow

Fiscal years, in SEK, from Telefonaktiebolaget LM Ericsson B ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	14.0B SEK	9.6B SEK	9.3B SEK	16.9B SEK	28.9B SEK	39.1B SEK	30.9B SEK	7.2B SEK	46.3B SEK	33.0B SEK
Capital spending	6.1B SEK	3.9B SEK	4.0B SEK	6.7B SEK	5.3B SEK	4.6B SEK	6.2B SEK	5.5B SEK	3.6B SEK	3.8B SEK
Free cash flow	7.9B SEK	5.7B SEK	5.4B SEK	10.2B SEK	23.6B SEK	34.4B SEK	24.7B SEK	1.7B SEK	42.6B SEK	29.2B SEK
Dividends paid	12.3B SEK	3.4B SEK	3.4B SEK	4.5B SEK	6.0B SEK	6.9B SEK	8.4B SEK	9.1B SEK	9.2B SEK	9.5B SEK
Share buybacks (net)	-321M SEK	-103M SEK	—	—	—	—	—	-50M SEK	-21M SEK	—
Net borrowing	455M SEK	8.6B SEK	-837M SEK	916M SEK	-5.8B SEK	2.1B SEK	-5.3B SEK	11.8B SEK	-12.3B SEK	-3.1B SEK
Free cash flow margin	3.6%	2.8%	2.5%	4.5%	10.2%	14.8%	9.1%	0.6%	17.2%	12.3%
Dividends per share	3.71 SEK	1.04 SEK	1.04 SEK	1.34 SEK	1.80 SEK	2.07 SEK	2.52 SEK	2.73 SEK	2.77 SEK	2.86 SEK

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Questions

What was Telefonaktiebolaget LM Ericsson B ADR's revenue in 2025?

236.7B SEK in fiscal 2025, from its 10-K filing.

How much free cash flow does Telefonaktiebolaget LM Ericsson B ADR generate?

29.2B SEK in fiscal 2025 (operating cash flow minus capital spending).

From Telefonaktiebolaget LM Ericsson B ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.