Saturday 17 October 2026
Export ORANY’s income statement to Excel — free account
Orange
ORANY Communication Services Telecom Services
Orange’s revenue for fiscal 2025 (year ended December 2025) was $45.7 billion, up 4.91% from fiscal 2024.
16.37
0.22
+1.36%
Follow ORANY
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 13.98 | 14.94 | 15.34 | 14.53 | 9.93 | 9.85 | 8.81 | 10.02 | 9.60 | 9.71 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | 18.32 | 17.63 | 18.57 | 16.80 | 14.84 | 13.09 | 12.71 | 13.08 | 12.36 | 17.03 | |||||
| People | |||||||||||||||
| People | Employees | 155,202 | 151,556 | 150,711 | 146,768 | 142,150 | 139,698 | 136,430 | 137,094 | — | — | ||||
| Revenue/emp, $m | 0.29 | 0.31 | 0.32 | 0.32 | 0.34 | 0.36 | 0.34 | 0.35 | 0.00 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 45,280 | 46,451 | 48,871 | 47,307 | 48,285 | 50,308 | 45,801 | 47,753 | 43,565 | 45,704 | ||||
| Gross margin, % | 55.32 | 55.04 | 55.14 | 57.63 | 58.15 | 57.73 | 56.91 | 56.21 | 58.65 | 59.43 | |||||
| EBT | 2,191 | 3,619 | 4,095 | 5,234 | 4,807 | 2,059 | 4,089 | 4,073 | 4,383 | 2,453 | |||||
| EBT margin, % | 4.84 | 7.79 | 8.38 | 11.06 | 9.96 | 4.09 | 8.93 | 8.53 | 10.06 | 5.37 | |||||
| Net income | 3,611 | 2,422 | 2,549 | 3,613 | 5,774 | 920 | 2,757 | 3,130 | 3,140 | 1,289 | |||||
| Depreciation | 7,445 | 7,738 | 8,323 | 9,367 | 9,793 | 10,221 | 9,113 | 9,701 | 8,757 | 9,672 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 17.06 | 17.47 | 18.40 | 17.83 | 18.18 | 18.93 | 17.23 | 17.96 | 16.39 | 17.19 | ||||
| Earnings | 1.15 | 0.70 | 0.73 | 1.15 | 1.97 | 0.00 | 0.77 | 0.92 | 0.89 | 0.16 | |||||
| Cash flow | 3.65 | 4.32 | 4.23 | 4.29 | 5.46 | 5.00 | 4.45 | 4.91 | 4.15 | 4.59 | |||||
| Capex | (3.48) | (3.14) | (3.31) | (3.29) | (3.51) | (3.80) | (3.35) | (3.06) | (2.73) | (2.91) | |||||
| Free cash flow | 0.17 | 1.19 | 0.91 | 1.00 | 1.95 | 1.20 | 1.10 | 1.85 | 1.42 | 1.68 | |||||
| Book value | 13.83 | 14.00 | 14.78 | 14.53 | 15.93 | 15.75 | 13.85 | 14.29 | 14.31 | 14.11 | |||||
| Shares, m | 2,654 | 2,659 | 2,657 | 2,653 | 2,656 | 2,657 | 2,658 | 2,659 | 2,659 | 2,658 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 4.40 | 5.52 | 32.14 | 8.20 | 3.41 | 4.68 | 12.44 | 4.78 | 4.08 | 6.93 | ||||
| P/S | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | 0.00 | 0.00 | 0.48 | 0.34 | 0.29 | 0.29 | 0.29 | 0.29 | 0.26 | 0.28 | |||||
| EV/FCF | 2.51 | 3.87 | 3.99 | 5.06 | 3.04 | 2.60 | 2.80 | 2.16 | 1.92 | 2.26 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 9,683 | 11,500 | 11,227 | 11,378 | 14,504 | 13,293 | 11,837 | 13,046 | 11,032 | 12,196 | ||||
| Capex | (9,237) | (8,342) | (8,798) | (8,729) | (9,335) | (10,094) | (8,906) | (8,131) | (7,261) | (7,735) | |||||
| Free cash flow | 446 | 3,158 | 2,428 | 2,649 | 5,169 | 3,199 | 2,931 | 4,915 | 3,771 | 4,461 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (7,262) | (9,446) | (9,926) | (3,033) | (3,655) | (1,706) | (2,550) | (5,720) | (2,395) | 3,349 | ||||
| Total debt | 38,525 | 38,023 | 41,249 | 42,092 | 41,280 | 42,075 | 38,682 | 39,270 | 37,948 | 43,285 | |||||
| Net debt | 29,369 | 28,180 | 31,185 | 29,482 | 28,069 | 29,130 | 27,454 | 26,767 | 24,659 | 25,949 | |||||
| Shareholders’ equity | 36,710 | 37,234 | 39,267 | 38,546 | 42,309 | 41,836 | 36,830 | 37,987 | 38,049 | 37,510 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.15 | 2.03 | 2.09 | 2.89 | 4.55 | 0.22 | 1.86 | 2.25 | 2.20 | 0.52 | ||||
| ROIC | 4.27 | 5.31 | 5.06 | 6.10 | 5.60 | 2.62 | 4.92 | 5.18 | 5.52 | 3.81 | |||||
| ROE | 8.82 | 5.83 | 6.03 | 8.65 | 13.63 | 0.66 | 5.75 | 7.06 | 6.69 | 1.61 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Mar 2013
Charts ten years each
Orange vs peers in Telecom Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AMX America Movil, S.A.B. de C.V. Unsponsored ADR | $68.7B | 13.8× | 12.1× | +15.58% (above 0%: growing) | +23.68% (above 0%: growing) | −25.28% (below 0%: shrinking) | 63.33% | 21.49% | Compare |
| CHT Chunghwa Telecom Co., Ltd. | $37.0B | 28.9× | — | +5.50% (above 0%: growing) | +2.33% (above 0%: growing) | +39.64% (above 0%: growing) | 37.54% | 21.61% | Compare |
| VOD Vodafone Group PLC | $36.7B | 32.7× | 13.4× | −11.38% (below 0%: shrinking) | −130.12% (below 0%: shrinking) | −16.70% (below 0%: shrinking) | 30.36% | 0.00% | Compare |
| ORANY Orange | $29.8B | 6.8× | — | −5.73% (below 0%: shrinking) | +128.97% (above 0%: growing) | +104.16% (above 0%: growing) | 16.49% | 0.00% | |
| ECHO EchoStar Corporation | $25.3B | — (loss-making) | 68.0× | −3.99% (below 0%: shrinking) | n/m | +64.20% (above 0%: growing) | 34.37% | 14.34% | Compare |
| TELFY Telefonica SA | $21.5B | — (loss-making) | 10.6× | −5.45% (below 0%: shrinking) | n/m | −124.79% (below 0%: shrinking) | 28.59% | 10.79% | Compare |
| VIV Telefonica Brasil S.A. | $19.6B | 25.1× | 13.4× | +20.64% (above 0%: growing) | +33.01% (above 0%: growing) | +3.07% (above 0%: growing) | 45.54% | 16.48% | Compare |
| CHTR Charter Communications, Inc. | $19.4B | 2.8× | 3.2× | −1.74% (below 0%: shrinking) | +14.35% (above 0%: growing) | +45.18% (above 0%: growing) | 39.27% | 22.65% | Compare |
| TIGO Millicom International Cellular SA | $13.8B | 20.8× | 23.8× | +59.40% (above 0%: growing) | −83.95% (below 0%: shrinking) | +66.11% (above 0%: growing) | 75.26% | 21.20% | Compare |
| Median of peers | $23.4B | 23.0× | 13.4× | +1.88% | +8.34% | +21.36% | 38.41% | 18.84% |
Orange (ORANY) key facts
- Strength: Orange’s revenue for fiscal 2025 (year ended December 2025) was $45.7 billion, up 4.91% from fiscal 2024.
- Orange (ORANY) is a Telecom Services company in the Communication Services sector, traded in the US as an ADR.
- As of October 16, 2026, ORANY traded at $16.37, a market capitalization of $29.8 billion.
- Orange pays an annual dividend of $0.70 per share, a yield of 4.28%.
- Return on equity was 1.61% and debt-to-equity 1.36.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 0.80 (distress zone) for fiscal 2025.