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.

17.21 0.18 +1.06%
Market cap
$29.8B
P/E
7.1×
Fwd P/E
—
Dividend yield
4.07%
F-score
7/9
Altman Z
0.80
Beneish M
−3.00
Dividend safety
30/100

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 38.32%

Capital & Financial Ratios $m

Size
Market Cap 29,750.00
Revenue ttm 93,800.17
Net income ttm 8,443.12
Free cash flow ttm 13,316.98
Net debt Q 42,296.70
Valuation
P/E 7.14
Forward P/E —
Price / sales 0.00
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 0.87 (below 1: weak)
Debt / equity Q 1.36
Interest coverage Q 0.00
Growth
Revenue growth Q −5.73% (below 0%: shrinking)
Operating income growth Q —
EPS, this year +20.80% (at or above 15%: strong)
EPS, next year A +10.75%
Revenue, next year A —
EPS, past 5 yrs −39.35% (below 0%: weak)
EPS, next 5 yrs A +13.80%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 78.22%
10-year low 10-year high
EV/Sales against its own 10 years 93.67%
10-year low 10-year high
EV/FCF against its own 10 years 72.31%
10-year low 10-year high

Dividends

Yield
4.07%
Annual rate
0.70
Payout ratio
—
Growth, 2018–26
−10.0%/yr
  1. 0.81 ’18
  2. 0.78 ’19 −4
  3. 0.69 ’20 −11
  4. 0.94 ’21 +36
  5. 0.73 ’22 −22
  6. 0.76 ’23 +4
  7. 0.77 ’24 +1
  8. 0.87 ’25 +13
  9. 0.35 ’26 −60
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 12,503 13,289 17,336 13,387
Receivables 7,842 7,682 7,308 8,349
Inventory 1,247 856 841 1,112
Other 4,527 5,225 6,235 7,273
27,318 27,805 32,695 32,410
2023 2024 2025 Q'26
Payables 7,622 6,977 7,213 10,528
ST’ Debt 5,900 6,588 5,204 6,204
Other 12,514 10,296 10,205 12,697
33,038 30,199 29,346 37,395

Compound Annual Growth %

10y 5y 3y
Sales 0.23% (1.09%) (0.07%)
Cash Flow 1.43% (3.41%) 1.00%
Earnings (14.58%) (35.63%) (35.43%)
Book Value 0.15% (2.38%) 0.61%

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 0.16
’24 — — — — 0.89
’23 — — — — 0.92
’22 — — — — 0.77
’21 — — — — 0.00
’20 — — — — 1.95
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 45,704
’24 — — — — 43,565
’23 — — — — 47,753
’22 — — — — 45,801
’21 — — — — 50,308
’20 — — — — 48,285
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 12,196
’24 — — — — 11,032
’23 — — — — 13,046
’22 — — — — 11,837
’21 — — — — 13,293
’20 — — — — 14,504
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — 3,608 — — —
’25 — 1,477 — 4,461 4,461
’24 — 1,767 — 3,771 3,771
’23 — 2,412 — 4,915 4,915
’22 — 2,108 — 2,931 2,931
’21 — 1,577 — 3,199 3,199
’20 — 1,246 — 5,169 5,169
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
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 93,800 +0.1% — — — —
Gross margin, % 55.32 55.04 55.14 57.63 58.15 57.73 56.91 56.21 58.65 59.43 16.31 +4.1 pt
EBT 2,191 3,619 4,095 5,234 4,807 2,059 4,089 4,073 4,383 2,453 10,240 +1.3%
EBT margin, % 4.84 7.79 8.38 11.06 9.96 4.09 8.93 8.53 10.06 5.37 10.92 +0.5 pt
Net income 3,611 2,422 2,549 3,613 5,774 920 2,757 3,130 3,140 1,289 8,443 (10.8%)
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 0.00 +0.1%
Earnings 1.15 0.70 0.74 1.15 1.97 0.00 0.77 0.92 0.89 0.16 2.41 (19.7%)
Cash flow 3.65 4.32 4.23 4.29 5.46 5.00 4.45 4.91 4.15 4.59 0.00 +2.6%
Capex (3.48) (3.14) (3.31) (3.29) (3.51) (3.80) (3.35) (3.06) (2.73) (2.91) 0.00 (2.0%)
Free cash flow 0.17 1.19 0.91 1.00 1.95 1.20 1.10 1.85 1.42 1.68 0.00 +29.1%
Book value 13.83 14.00 14.78 14.53 15.93 15.75 13.85 14.29 14.31 14.11 0.00 +0.2%
Shares, m 2,654 2,659 2,657 2,653 2,656 2,657 2,658 2,659 2,659 2,658 — 0.0%
Valuation, ×
Valuation, × P/E 4.40 5.52 32.14 8.20 3.41 4.68 12.44 4.78 4.14 6.92 7.14 8.7
P/S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales 0.00 0.00 0.48 0.34 0.29 0.29 0.29 0.29 0.26 0.28 0.45 0.3
EV/FCF 2.51 3.87 3.99 5.06 3.04 2.60 2.80 2.16 1.92 2.26 3.18 3.0
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 35,871 +2.6%
Capex (9,237) (8,342) (8,798) (8,729) (9,335) (10,094) (8,906) (8,131) (7,261) (7,735) (22,554) (2.0%)
Free cash flow 446 3,158 2,428 2,649 5,169 3,199 2,931 4,915 3,771 4,461 13,317 +29.2%
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 (4,984) n/m
Net debt 29,369 28,180 31,185 29,482 28,069 29,130 27,454 26,767 24,659 25,949 42,297 (1.4%)
Shareholders’ equity 36,710 37,234 39,267 38,546 42,309 41,836 36,830 37,987 38,049 37,510 40,862 +0.2%
Returns, %
Returns, % ROA 3.15 2.03 2.09 2.89 4.55 0.22 1.86 2.25 2.20 0.52 0.00 (2.6) pt
ROIC 4.27 5.31 5.06 6.10 5.60 2.62 4.92 5.18 5.52 3.81 0.00 (0.5) pt
ROE 8.82 5.83 6.03 8.65 13.63 0.66 5.75 7.06 6.69 1.61 0.00 (7.2) pt
People
People Employees 155,202 151,556 150,711 146,768 142,150 139,698 136,430 137,094 — — — (1.8%)
Revenue/emp, $m 0.29 0.31 0.32 0.32 0.34 0.36 0.34 0.35 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2013 · fundamentals updated 26 Oct 2026

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
CHT Chunghwa Telecom Co., Ltd. $37.9B 29.6× — +5.50% (above 0%: growing) +2.33% (above 0%: growing) +39.64% (above 0%: growing) 37.54% 21.61% Compare
VOD Vodafone Group PLC $37.0B 32.5× 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 7.1× — −5.73% (below 0%: shrinking) +128.97% (above 0%: growing) +104.16% (above 0%: growing) 16.49% 0.00%
ECHO EchoStar Corporation $26.2B 2.7× 3.9× −68.80% (below 0%: shrinking) n/m +133.30% (above 0%: growing) 42.28% 13.10% Compare
CHTR Charter Communications, Inc. $22.2B 3.2× 2.8× −1.74% (below 0%: shrinking) +14.35% (above 0%: growing) +45.18% (above 0%: growing) 39.27% 22.65% Compare
TELFY Telefonica SA $21.5B — (loss-making) 10.8× −5.45% (below 0%: shrinking) n/m −124.79% (below 0%: shrinking) 28.59% 10.79% Compare
VIV Telefonica Brasil S.A. $18.1B 29.4× 13.0× +20.64% (above 0%: growing) +33.01% (above 0%: growing) +3.07% (above 0%: growing) 45.54% 16.48% Compare
TIGO Millicom International Cellular SA $13.3B 19.9× 23.4× +59.40% (above 0%: growing) −83.95% (below 0%: shrinking) +66.11% (above 0%: growing) 75.26% 21.20% Compare
SKM SK Telecom Co., Ltd. $11.2B 23.6× — +0.47% (above 0%: growing) +406.25% (above 0%: growing) −29.63% (below 0%: shrinking) 89.10% 12.99% Compare
Median of peers $21.8B 23.6× 11.9× −0.63% +8.34% +21.36% 40.78% 14.79%

All 55 Telecom Services stocks →

Orange (ORANY) Latest News

18 Oct

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Impact 4 · · Simply Wall St.

16 Jan

Impact 3 · · Zacks

ORANY metrics, ten years each

stockrow.com/ORANY · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com