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Fortum stock: key metrics
FORTUM.HEFortum had an operating margin of 18.8% and a return on invested capital (ROIC) of 7.5% 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 | 100.0% | 32.4% | 24.9% |
| 2007 | 100.0% | 41.2% | 35.9% |
| 2008 | 63.9% | 33.5% | 26.3% |
| 2009 | 62.9% | 32.6% | 24.0% |
| 2010 | 55.6% | 26.7% | 20.3% |
| 2011 | 59.0% | 38.4% | 28.3% |
| 2012 | 54.1% | 30.2% | 22.9% |
| 2013 | 54.6% | 28.3% | 19.9% |
| 2014 | 56.4% | 72.2% | no data |
| 2015 | 54.1% | −4.3% | no data |
| 2016 | 47.0% | 17.4% | 13.7% |
| 2017 | 46.3% | 25.6% | 19.2% |
| 2018 | 44.2% | 21.7% | 16.1% |
| 2019 | 47.6% | 36.1% | 27.2% |
| 2020 | 9.6% | 5.8% | 3.7% |
| 2021 | 6.4% | 5.5% | no data |
| 2022 | no data | no data | no data |
| 2023 | 43.3% | 24.8% | no data |
| 2024 | 43.2% | 22.8% | 20.1% |
| 2025 | 27.4% | 18.8% | 15.3% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 14.2% | 9.2% | 6.7% |
| 2007 | 19.2% | 12.0% | 9.1% |
| 2008 | 19.4% | 16.6% | 7.6% |
| 2009 | 16.3% | 13.5% | 6.6% |
| 2010 | 15.8% | 9.2% | 5.9% |
| 2011 | 18.4% | 12.2% | 7.7% |
| 2012 | 13.8% | 10.2% | 5.7% |
| 2013 | 12.0% | 7.9% | 4.9% |
| 2014 | no data | 19.2% | no data |
| 2015 | no data | −0.9% | no data |
| 2016 | 3.7% | 4.3% | 2.3% |
| 2017 | 6.6% | 6.6% | 4.0% |
| 2018 | 7.1% | 5.9% | 3.8% |
| 2019 | 11.4% | 9.5% | 6.3% |
| 2020 | 14.1% | 11.3% | 3.2% |
| 2021 | no data | 20.8% | no data |
| 2022 | no data | 10.7% | no data |
| 2023 | no data | 14.4% | no data |
| 2024 | 12.8% | 10.8% | 6.7% |
| 2025 | 9.0% | 7.5% | 4.7% |
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 = €0.9024)
- 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 4 Apr 2025)
- 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.