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Carlsberg stock: growth
CARL-B.COCarlsberg reported $13.21B in revenue for fiscal 2025, up 18.8% on the prior year, up 8.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
4.2%
per year from 2006 to 2025, per share 2.3%
Earnings (Annual rate)
5.5%
per year from 2006 to 2025, per share 4.4%
Free cash flow (Annual rate)
11.7%
per year from 2006 to 2025, per share 9.7%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 8.8% | 3.1% | 4.2% |
| Revenue per share | 11.0% | 4.6% | 2.3% |
| Earnings | −0.3% | no data | 5.5% |
| Earnings per share | 1.8% | no data | 4.4% |
| Free cash flow | 2.7% | 2.2% | 11.7% |
| Free cash flow per share | 4.7% | 3.7% | 9.7% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $6.09B | $321.81M | $135.04M |
| 2007 | $6.63B | $384.81M | −$112.51M |
| 2008 | $8.89B | $475.23M | $207.97M |
| 2009 | $8.8B | $617.69M | $1.55B |
| 2010 | $8.9B | $883.47M | $1.13B |
| 2011 | $9.42B | $843.74M | $659.34M |
| 2012 | $9.96B | $831.14M | $711.22M |
| 2013 | $9.87B | $810.98M | $485.76M |
| 2014 | $9.56B | $654.3M | $221.9M |
| 2015 | $9.69B | −$382.74M | $887.91M |
| 2016 | $9.28B | $664.97M | $813.65M |
| 2017 | $9.16B | $306.1M | $1.15B |
| 2018 | $9.26B | $786.97M | $1.19B |
| 2019 | $9.77B | $973.74M | $1.13B |
| 2020 | $8.68B | $893.84M | $968.26M |
| 2021 | $9.88B | $1.01B | $1.34B |
| 2022 | $10.42B | $1.21B | $1.32B |
| 2023 | $10.91B | −$6.05B | $1.09B |
| 2024 | $11.12B | $1.35B | $931.2M |
| 2025 | $13.21B | $882.73M | $1.1B |
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 Neutral, published since 7 Nov 2026 (in the score history since 30 Apr 2024)
- Valuation signal Fairly valued 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.