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%
Market cap
$29.8B
P/E
6.8×
Fwd P/E
—
Dividend yield
4.28%
F-score
7/9
Altman Z
0.80
Beneish M
−3.00
Dividend safety
30/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 38.32%

Capital & Financial Ratios $m

Market Cap 29,750.00
Revenue 93,800.17
Net Income 8,443.12
Free Cash Flow 13,316.98
Net Debt 42,296.70
Current Ratio 0.87 (below 1: weak)
Debt/Equity 1.36
P/E ratio 6.79
Fwd P/E —
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth (39.35%) (below 0%: weak)
This Y EPS Growth 20.80% (at or above 15%: strong)
Next Y EPS Growth 10.75%
Next Y revenue growth —
Next 5Y EPS Growth 13.80%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 75.60%
10-year low 10-year high
EV/Sales against its own 10 years 93.62%
10-year low 10-year high
EV/FCF against its own 10 years 72.17%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.70
Annual Dividend Yield 4.28%
total individual payouts
2026 0.35
0.35
2025 0.87
0.52
0.35
2024 0.77
0.45
0.32
2023 0.76
0.44
0.32
2022 0.73
0.42
0.31
2021 0.94
0.61
0.34
2020 0.69
0.22
0.47
2019 0.78
0.45
0.33
2018 0.81
0.47
0.34
2017 0.72
0.42
0.29
2016 0.68
0.46
0.22
special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten 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.

All 10 years →

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%

All 55 Telecom Services stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Orange (ORANY) Latest News

29 Jul

stockrow.com/ORANY · Data as of Mar 31, 2013 · For information only; not investment advice. · © 2026 stockrow.com