Financial statements · SIE · Frankfurt

Siemens in numbers

Millions of euros, fiscal years FY2021–FY2024

Income statement

Revenue and net incomeMillions of euros

MarginsShare of revenue

Where revenue went in FY2024Millions of euros

Fiscal year	FY2021	FY2022	FY2023	FY2024
Revenue	62,265	71,977	74,882	75,930
Cost of revenue	39,527	46,130	45,766	46,107
Gross profit	22,738	25,847	29,116	29,823
Selling, general and administrative	11,191	12,857	13,553	13,984
Research and development	4,859	5,591	6,113	6,276
Total operating expenses	16,318	18,571	19,715	20,358
Operating income	6,420	7,276	9,401	9,465
Net interest	1,432	−44.0	645	808
Other income (expense)	−356	−78.0	1,080	954
Pretax income	7,496	7,154	11,126	11,227
Income tax	1,861	2,741	2,600	2,320
Net income	6,161	3,723	7,949	8,301
EBIT	8,140	7,843	12,495	13,012
EBITDA	11,215	11,404	16,039	16,170
Calculated by Tenxpath
Gross margin	36.5%	35.9%	38.9%	39.3%
Operating margin	10.3%	10.1%	12.6%	12.5%
Net margin	9.9%	5.2%	10.6%	10.9%
R&D as % of revenue	7.8%	7.8%	8.2%	8.3%
Effective tax rate	24.8%	38.3%	23.4%	20.7%

All other lines (4)

Interest Expense (Non-Operating)	644	689	1,369	1,785
Interest Income (Non-Operating)	1,441	1,632	2,402	2,833
Other Non-Operating Income/Expense	−356	−78.0	1,080	954
Other Operating Expenses	268	123	49.0	98.0

Balance sheet

Balance sheet at the end of FY2024Millions of euros; what it owned (left) and how it was funded (right)

Fiscal year	FY2021	FY2022	FY2023	FY2024
Cash and cash equivalents	9,545	10,465	10,084	9,156
Cash and short-term investments	12,047	12,989	12,528	11,458
Accounts receivable	13,267	14,666	15,454	14,955
Inventory	8,220	10,247	11,260	10,651
Total current assets	52,298	58,829	60,639	61,353
Property, plant and equipment	11,023	11,733	11,938	12,242
Goodwill	29,672	33,862	32,224	31,384
Other intangible assets	10,826	12,197	10,641	9,592
Total non-current assets	87,074	92,673	84,432	86,459
Total assets	139,372	151,502	145,071	147,812
Accounts payable	8,832	10,317	10,130	8,843
Current debt	7,821	6,658	7,483	6,598
Total current liabilities	40,000	42,686	44,913	43,913
Long-term debt	40,879	43,978	39,113	41,321
Total non-current liabilities	50,381	54,011	47,106	47,668
Total liabilities	90,381	96,697	92,019	91,581
Shareholders' equity	44,160	48,895	47,782	51,264
Total equity incl. minority interests	48,991	54,805	53,052	56,231
Calculated by Tenxpath
Net debt (debt minus cash)	39,155	40,171	36,512	38,763
Current ratio	1.31×	1.38×	1.35×	1.40×
Equity ratio	31.7%	32.3%	32.9%	34.7%
Return on equity	14.0%	7.6%	16.6%	16.2%

All other lines (20)

Accumulated Depreciation	−13,578	−15,193	−15,342	−14,846
Additional Paid-In Capital	7,040	7,174	7,411	7,757
Capital Stock	2,550	2,550	2,400	2,400
Common Stock	2,550	2,550	2,400	2,400
Current Capital Lease Obligation	701	703	693	725
Goodwill and Other Intangible Assets	40,498	46,059	42,865	40,976
Gross PPE	24,601	26,926	27,280	27,088
Long-Term Capital Lease Obligation	2,228	2,299	2,230	2,337
Machinery, Furniture, and Equipment	10,232	10,932	11,233	10,755
Non-Current Deferred Taxes Assets	2,865	2,459	2,235	2,677
Other Current Assets	32,031	35,593	36,851	39,244
Other Current Liabilities	1,616	1,693	1,984	1,856
Other Non-Current Assets	32,688	32,422	27,394	30,564
Other Properties	3,860	4,025	3,857	3,759
Other Receivables	11,730	14,036	15,169	15,946
Other Short-Term Investments	2,502	2,524	2,444	2,302
Payables	10,641	12,698	12,696	10,648
Retained Earnings	39,607	38,959	36,866	39,657
Total Tax Payable	1,809	2,381	2,566	1,805
Treasury Stock	4,804	5,948	1,177	2,165

Source and notes

Standardised annual statements from the earlier Tenxpath company database, imported mainly from Yahoo Finance in 2025. Each year is as first published: later restatements, discontinued businesses and spin-offs are not reflected, so the figures can differ from the company page's key figures, which come from the latest reports.

FY2021: The earlier database labelled these as US dollars; the values are euros (they match Siemens's reports). Its per-share figures were for the US ADR and are left out.

FY2022: The earlier database labelled these as US dollars; the values are euros (they match Siemens's reports). Its per-share figures were for the US ADR and are left out.

FY2023: The earlier database labelled these as US dollars; the values are euros (they match Siemens's reports). Its per-share figures were for the US ADR and are left out.

FY2024: The earlier database labelled these as US dollars; the values are euros (they match Siemens's reports). Its per-share figures were for the US ADR and are left out.