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Ericsson (ERIC) financials

For fiscal 2025 (ended Dec 31, 2025), Ericsson reported SEK 236.68B of revenue and SEK 28.43B of net income. Figures are in SEK, the currency of its SEC filings.

Revenue, FY2025
SEK 236.68B
Revenue growth, YoY
-4.5%
Net income, FY2025
SEK 28.43B
Net income growth, YoY
1421x
Net margin
12.0%
Free cash flow, FY2025
SEK 30.32B
EPS, diluted, FY2025
SEK 8.51
EPS growth, YoY
851x
Cash
SEK 43.93B
Total debt
SEK 32.70B
Annual revenueSEK 236.68B
FY2016FY2025
Annual net incomeSEK 28.43B
FY2016FY2025
Annual free cash flowSEK 30.32B
FY2016FY2025

ERIC revenue and earnings growth

ERIC revenueFY2025SEK 236.68B

FY YoY
-4.5%
5Y CAGR
+0.4%
10Y CAGR
-0.4%

ERIC revenue was SEK 236.68B for fiscal 2025 (ended Dec 31, 2025), down 4.5% from fiscal 2024. Compound annual growth was +0.4% over 5 years and -0.4% over 10 years. It rose in 4 of the last 10 fiscal years.

ERIC net incomeFY2025SEK 28.43B

FY YoY
1421x
5Y CAGR
+10.2%
10Y CAGR
+7.7%

ERIC net income was SEK 28.43B for fiscal 2025 (ended Dec 31, 2025), up about 1421-fold from fiscal 2024. Compound annual growth was +10.2% over 5 years and +7.7% over 10 years. Fiscal 2025 is the highest of the 11 fiscal years on file.

ERIC EPSFY2025SEK 8.51

FY YoY
851x
5Y CAGR
+10.1%
10Y CAGR
+7.5%

ERIC diluted EPS was SEK 8.51 for fiscal 2025 (ended Dec 31, 2025), up about 851-fold from fiscal 2024. Compound annual growth was +10.1% over 5 years and +7.5% over 10 years.

ERIC free cash flowFY2025SEK 30.32B

FY YoY
-31.0%
5Y CAGR
+4.4%
10Y CAGR
+9.5%

ERIC free cash flow was SEK 30.32B for fiscal 2025 (ended Dec 31, 2025), down 31.0% from fiscal 2024. Compound annual growth was +4.4% over 5 years and +9.5% over 10 years. It rose in 4 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
RevenueSEK 236.68BSEK 247.88BSEK 263.35BSEK 271.55BSEK 232.31BSEK 232.39BSEK 227.22BSEK 210.84BSEK 205.38BSEK 220.32B
Cost of revenueSEK 124.01BSEK 138.51BSEK 161.75BSEK 158.25BSEK 131.56BSEK 138.67BSEK 142.39BSEK 142.64BSEK 157.45BSEK 155.06B
Gross profitSEK 112.67BSEK 109.36BSEK 101.60BSEK 113.30BSEK 100.75BSEK 93.72BSEK 84.82BSEK 68.20BSEK 47.93BSEK 65.25B
Research and developmentSEK 48.85BSEK 53.51BSEK 50.66BSEK 47.30BSEK 42.07BSEK 39.71BSEK 38.81BSEK 38.91BSEK 37.89BSEK 31.63B
Selling, general and adminSEK 33.69BSEK 51.66BSEK 39.26BSEK 35.69BSEK 26.96BSEK 26.68BSEK 26.14BSEK 27.52BSEK 29.03BSEK 28.32B
Operating incomeSEK 38.63BSEK 4.31B-SEK 20.33BSEK 27.02BSEK 31.78BSEK 27.81BSEK 10.56BSEK 1.24B-SEK 34.74BSEK 5.19B
Interest expenseSEK 3.05BSEK 4.10BSEK 4.12BSEK 1.93BSEK 1.67BSEK 2.12BSEK 2.70BSEK 2.03BSEK 1.57BSEK 2.16B
Pre-tax incomeSEK 38.30BSEK 2.59B-SEK 23.32BSEK 24.61BSEK 29.25BSEK 27.21BSEK 8.76B-SEK 1.46B-SEK 35.96BSEK 2.89B
Income taxSEK 9.59BSEK 2.21BSEK 2.79BSEK 5.50BSEK 6.27BSEK 9.59BSEK 6.92BSEK 4.81B-SEK 3.52BSEK 1.88B
Net incomeSEK 28.43BSEK 20.00M-SEK 26.45BSEK 18.72BSEK 22.69BSEK 17.48BSEK 2.22B-SEK 6.53B-SEK 32.58BSEK 833.00M
EPS, basicSEK 8.53SEK 0.01-SEK 7.94SEK 5.62SEK 6.82SEK 5.26SEK 0.67-SEK 1.98-SEK 9.94SEK 0.26
EPS, dilutedSEK 8.51SEK 0.01-SEK 7.94SEK 5.62SEK 6.81SEK 5.26SEK 0.67-SEK 1.98-SEK 9.94SEK 0.25
Diluted shares3.34B3.34B3.33B3.33B3.33B3.33B3.32B3.29B3.28B3.30B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalentsSEK 43.93BSEK 43.88BSEK 35.19BSEK 38.35BSEK 54.05BSEK 43.61BSEK 45.08BSEK 38.39BSEK 35.88BSEK 36.97B
Short-term investments-SEK 12.55BSEK 9.58BSEK 8.74BSEK 12.93BSEK 6.82BSEK 6.76BSEK 6.63B--
InventorySEK 23.45BSEK 27.13BSEK 36.07BSEK 45.85BSEK 35.16BSEK 28.10BSEK 30.86BSEK 29.25BSEK 25.55BSEK 31.62B
Current assetsSEK 143.55BSEK 154.31BSEK 154.99BSEK 173.80BSEK 174.81BSEK 149.79BSEK 153.91BSEK 161.17BSEK 153.42BSEK 175.10B
GoodwillSEK 46.88BSEK 56.08BSEK 52.94BSEK 84.57BSEK 38.20BSEK 34.95BSEK 31.20BSEK 30.04BSEK 27.82BSEK 43.39B
Total assetsSEK 279.22BSEK 292.37BSEK 297.04BSEK 349.54BSEK 305.61BSEK 271.53BSEK 276.38BSEK 268.76BSEK 259.88BSEK 284.15B
Current liabilitiesSEK 110.94BSEK 131.87BSEK 129.40BSEK 145.62BSEK 126.95BSEK 114.32BSEK 116.82BSEK 110.91BSEK 99.53BSEK 100.80B
Short-term debtSEK 3.54BSEK 6.14BSEK 17.66BSEK 5.98BSEK 9.59BSEK 7.94B----
Long-term debtSEK 29.16BSEK 31.90BSEK 29.22BSEK 26.95BSEK 22.24BSEK 22.22BSEK 28.26BSEK 30.87BSEK 30.50BSEK 18.65B
Total debtSEK 32.70BSEK 38.04BSEK 46.87BSEK 32.93BSEK 31.83BSEK 30.16BSEK 28.26BSEK 30.87BSEK 30.50BSEK 18.65B
Total liabilitiesSEK 168.96BSEK 199.39BSEK 199.63BSEK 216.23BSEK 198.51BSEK 186.35BSEK 194.50BSEK 180.99BSEK 1.56BSEK 1.19B
Shareholders' equitySEK 109.53BSEK 94.28BSEK 97.41BSEK 133.30BSEK 107.10BSEK 85.18BSEK 81.88BSEK 87.77BSEK 97.57BSEK 135.26B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flowSEK 32.95BSEK 46.26BSEK 7.18BSEK 30.86BSEK 39.06BSEK 28.93BSEK 16.87BSEK 9.34BSEK 9.60BSEK 14.01B
Capital expendituresSEK 2.63BSEK 2.34BSEK 3.30BSEK 4.48BSEK 3.66BSEK 4.49BSEK 5.12BSEK 3.98BSEK 3.88BSEK 6.13B
Free cash flowSEK 30.32BSEK 43.92BSEK 3.88BSEK 26.39BSEK 35.40BSEK 24.44BSEK 11.76BSEK 5.37BSEK 5.72BSEK 7.88B
Investing cash flow-SEK 11.44B-SEK 15.95B-SEK 8.71B-SEK 34.40B-SEK 19.88B-SEK 15.20B-SEK 3.54B-SEK 4.13B-SEK 16.07B-SEK 8.28B
Financing cash flow-SEK 14.22B-SEK 23.86BSEK 1.01B-SEK 15.93B-SEK 9.31B-SEK 12.49B-SEK 6.90B-SEK 4.08BSEK 5.48B-SEK 11.74B
Dividends paidSEK 9.54BSEK 9.23BSEK 9.10BSEK 8.41BSEK 6.89BSEK 6.00BSEK 4.45BSEK 3.42BSEK 3.42BSEK 12.26B

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-4.5%-5.9%-3.0%16.9%-0.0%2.3%7.8%2.7%-6.8%-10.8%
Net income growth, YoY142040.0%---17.5%29.8%686.5%----93.9%
EPS growth, YoY85000.0%---17.5%29.5%685.1%----93.9%
Gross margin47.6%44.1%38.6%41.7%43.4%40.3%37.3%32.3%23.3%29.6%
Operating margin16.3%1.7%-7.7%10.0%13.7%12.0%4.6%0.6%-16.9%2.4%
Net margin12.0%0.0%-10.0%6.9%9.8%7.5%1.0%-3.1%-15.9%0.4%
Free cash flow margin12.8%17.7%1.5%9.7%15.2%10.5%5.2%2.5%2.8%3.6%
Return on equity26.0%0.0%-27.1%14.0%21.2%20.5%2.7%-7.4%-33.4%0.6%
Return on assets10.2%0.0%-8.9%5.4%7.4%6.4%0.8%-2.4%-12.5%0.3%
Current ratio1.291.171.201.191.381.311.321.451.541.74
Debt to equity0.300.400.480.250.300.350.350.350.310.14

Source: XBRL data Ericsson files with the SEC, latest filing dated Mar 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

ERIC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ERICSEK 236.68B-4.5%SEK 28.43B12.0%$34.57B
QCOM$43.12B-2.6%$13.63B31.6%$176.99B
MSI$12.60B+11.4%$2.08B16.5%$85.07B
NOK€19.89B+3.5%€651.00M3.3%$43.99B
UI$3.57B+29.4%$1.07B30.1%$35.87B
PL$378.28M+44.1%-$359.87M-95.1%$4.56B
ONDS$174.10M+979.3%$167.06M96.0%$3.11B
VISN$1.63B+10.9%$8.19B504.0%$1.27B
HLIT$502.23M+70.9%-$35.19M-7.0%$1.04B

ERIC FAQ

9 questions
  • What is ERIC revenue?
    Ericsson (ERIC) reported SEK 236.68B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 4.5% from the year before.
  • Is ERIC profitable?
    Yes. Ericsson earned SEK 28.43B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 12.0%.
  • How much cash and debt does ERIC have?
    Ericsson reported SEK 43.93B in cash and cash equivalents and SEK 32.70B of debt on its most recent balance sheet in SEC filings.
  • How fast is ERIC revenue growing?
    Ericsson's revenue changed -4.5% in fiscal 2025, to SEK 236.68B. Its compound annual growth rate was +0.4% over 5 years and -0.4% over 10 years.
  • What is ERIC gross margin?
    Ericsson's gross profit was SEK 112.67B on SEK 236.68B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 47.6%.
  • What is ERIC free cash flow?
    Ericsson generated SEK 30.32B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of SEK 32.95B less capital expenditures.
  • What is ERIC earnings per share?
    Diluted earnings per share were SEK 8.51 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did ERIC last report financial results?
    The latest statements here come from Ericsson's 20-F filed on Mar 12, 2026, covering the period ended Dec 31, 2025.
  • Where does this ERIC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ericsson files with the SEC. It is provided for information only and is not investment advice.