In short
Holcim AG (HOLN.SW) has operating cash flow down 50.8% to CHF 2.8B and gross profit down 5.8% to CHF 6.7B year on year. Its net margin is 83.8% and gross margin 42.3%, and it trades at 89.8× trailing earnings. Fisclear flags 1 high-severity risk, led by: Revenue has declined for two consecutive years — a sustained downtrend that may signal structural or competitive headwinds. How we calculate this
Valuation
Basic MaterialsLive · Yahoo FinancePrice
CHF 64.26
CHF 35.5B
14.8x
2.62%
52-Week Range
4-engine score — Quality and Peers engines require SEC EDGAR (US stocks only)
ROE 85.7% — exceptional capital return.
P/E 91.8× — premium valuation.
PEG 0.32 — below growth rate.
⚠ Revenue declining 3% YoY.
Based on filing period ending Dec 2025
International FisclearScore uses 4 engines (no EDGAR data). Based on Yahoo Finance & Alpha Vantage reported financials. Not financial advice.
🇨🇭 Switzerland Macro Indicators
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USD/CHF
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The 10-year government bond yield is 0.59%; USD/CHF is at 0.8243.
SWOT Analysis — HOLN.SW
Inflationary BoomStrengths
EPS (Diluted): CHF 23.79 (+355.7% YoY) — Earnings per share rose 356% — each share earned more.
Net Income: CHF 13.2B (+350.4% YoY) — Profit grew 350% — the company kept more of each dollar earned.
Weaknesses
Operating Cash Flow: CHF 2.8B (-50.8% YoY) — Operating cash flow fell 51% but remained positive.
Total Assets: CHF 33.6B (-38.1% YoY) — Total assets shrank 38% — the balance sheet contracted.
Gross Profit: CHF 6.7B (-5.8% YoY) — Gross profit declined 6% — costs are growing faster than revenue.
Opportunities
No clear opportunities identified at this time.
Threats
Revenue has declined for two consecutive years — a sustained downtrend that may signal structural or competitive headwinds.
P/E ratio of 90x is very elevated — the stock price reflects aggressive growth expectations. Any earnings miss could trigger a sharp re-rating.
Year-over-Year Changes
EPS (Diluted)
CHF 23.79
was CHF 5.22
Earnings per share rose 356% — each share earned more.
Net Income
CHF 13.2B
was CHF 2.9B
Profit grew 350% — the company kept more of each dollar earned.
Operating Cash Flow
CHF 2.8B
was CHF 5.7B
Operating cash flow fell 51% but remained positive.
Total Assets
CHF 33.6B
was CHF 54.3B
Total assets shrank 38% — the balance sheet contracted.
Gross Profit
CHF 6.7B
was CHF 7.1B
Gross profit declined 6% — costs are growing faster than revenue.
Risk Flags
1 high · 1 medium · 0 low- ⚠ High
Revenue has declined for two consecutive years — a sustained downtrend that may signal structural or competitive headwinds.
- ◈ Medium
P/E ratio of 90x is very elevated — the stock price reflects aggressive growth expectations. Any earnings miss could trigger a sharp re-rating.
Technical Signals
Daily closes · 1-year dataHolcim AG: common questions
Is Holcim AG profitable?
Yes. Holcim AG made a net profit of CHF 13.2B in its latest fiscal year (fiscal 2025), a net margin of 83.8%.
What is Holcim AG's P/E ratio?
Holcim AG trades at 91.8× its trailing twelve-month earnings. In other words, the share price is about 92 times the profit per share the company earned over the past year.
Does Holcim AG pay a dividend?
Yes. Holcim AG's forward dividend yield is 2.62%, the expected annual dividend as a share of the current share price.
What are the main risks for Holcim AG?
Fisclear's checks flag 2 medium- or high-severity risks. The most serious: Revenue has declined for two consecutive years — a sustained downtrend that may signal structural or competitive headwinds.
Answers are generated from the figures in this report (updated 9 Oct 2026). Information, not investment advice.
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External Links
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Data sourced from SIX, FRED (Federal Reserve), OECD, BIS, and Yahoo Finance. For informational purposes only. Not financial advice.