Ericsson

ERIC Technology Communication Equipment

Ericsson’s revenue for fiscal 2025 (year ended December 2025) was $24.2 billion, up 3.15% from fiscal 2024.

Revenue
+4.35%
EPS
−48.6%
Free cash flow
−30.0%
Total debt
+0.61%

Quarter to September 2026, against a year earlier

10.28 0.16 −1.53%
Market cap
$31.3B
P/E
17.2×
Fwd P/E
—
Dividend yield
3.04%
F-score
8/9
Altman Z
2.89
Beneish M
−2.53
Dividend safety
70/100

Ericsson (ERIC) Operating margin

Alert me on Operating margin

Ericsson's operating margin over the twelve months to 30 September 2026 was 11.6%, down 4.7 percentage points from fiscal 2025 (16.3%). Over the past ten years it has ranged from −18.9% (fiscal 2017) to 16.3% (fiscal 2025) — the current reading is the highest in ten years. That is above the Communication Equipment industry median of 2.43% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 16.3% 14.58
FY2024 1.74% 9.46
FY2023 −7.72% (17.67)
FY2022 9.95% (3.73)
FY2021 13.7% 1.71
FY2020 12.0% 7.32
FY2019 4.65% 4.06
FY2018 0.59% 19.53
FY2017 −18.9% (21.77)
FY2016 2.83% (6.00)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 14.9% 3.66
Jun 2026 11.2% 8.31
Mar 2026 2.93% (12.65)
Dec 2025 15.6% (11.36)
43 more quarters

Against its own ten years

Low −18.9% High 16.3%
Ten-year median 4.65%
Current reading's percentile 72

Operating margin against peers

Company Operating margin
UI Ubiquiti Inc. compare 36.2%
MSI Motorola Solutions, Inc. compare 24.2%
LITE Lumentum Holdings Inc. compare 23.5%
ZBRA Zebra Technologies Corporation compare 14.9%
CIEN Ciena Corporation compare 12.3%
ERIC Ericsson 11.6%
HPE Hewlett Packard Enterprise Company compare 6.21%
NOK Nokia Corporation compare 3.86%
ASTS AST SpaceMobile, Inc. compare −519.5%
Communication Equipment industry median 2.43%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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