Friday 6 November 2026
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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%
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Free accountTen 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
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% |
Orange (ORANY) Latest News
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ORANY metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score