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Bavarian Nordic stock: key metrics
BAVA.COBavarian Nordic had an operating margin of 14.9% and a return on invested capital (ROIC) of 7.4% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 36.8% | −115.5% | −91.8% |
| 2007 | 83.4% | −14.6% | −19.1% |
| 2008 | 5.8% | −107.0% | −103.6% |
| 2009 | −87.3% | −419.0% | −529.5% |
| 2010 | −41.5% | −149.6% | −183.7% |
| 2011 | 23.0% | −54.7% | −61.9% |
| 2012 | 49.5% | −2.9% | −23.6% |
| 2013 | 60.0% | 1.5% | −3.9% |
| 2014 | 59.3% | 1.7% | 2.1% |
| 2015 | 59.3% | 8.2% | 5.8% |
| 2016 | 70.4% | 6.7% | 3.0% |
| 2017 | 78.8% | 22.4% | 13.2% |
| 2018 | 49.0% | −63.8% | −72.3% |
| 2019 | 46.5% | −47.8% | −52.3% |
| 2020 | 35.5% | 24.3% | 15.0% |
| 2021 | 30.1% | −13.9% | −24.5% |
| 2022 | 54.0% | −0.1% | −11.0% |
| 2023 | 64.1% | 21.2% | 20.9% |
| 2024 | 49.3% | 16.4% | 17.3% |
| 2025 | 47.4% | 14.9% | 22.3% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | −23.4% | −28.6% | −16.9% |
| 2007 | −5.2% | −7.5% | −3.7% |
| 2008 | −21.4% | −39.2% | −12.8% |
| 2009 | −56.2% | −46.3% | −31.2% |
| 2010 | −71.2% | −62.7% | −39.3% |
| 2011 | −26.9% | −35.3% | −16.4% |
| 2012 | −24.0% | −3.6% | −15.6% |
| 2013 | −4.8% | 1.7% | −3.2% |
| 2014 | 2.1% | 2.5% | 1.4% |
| 2015 | 4.4% | 20.7% | 3.0% |
| 2016 | 1.5% | 3.0% | 1.1% |
| 2017 | 7.2% | 7.4% | 5.8% |
| 2018 | −16.6% | −61.3% | −11.8% |
| 2019 | −18.6% | −13.4% | −4.9% |
| 2020 | 5.7% | 12.8% | 3.2% |
| 2021 | −6.3% | −4.9% | −3.8% |
| 2022 | −4.9% | −0.1% | −2.8% |
| 2023 | 14.3% | 20.3% | 10.3% |
| 2024 | 8.7% | 10.5% | 6.9% |
| 2025 | 10.7% | 7.4% | 9.2% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = DKK 6.7461)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 25 Sep 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.