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H & M Hennes & Mauritz stock: key metrics
HM-B.STH & M Hennes & Mauritz had an operating margin of 8.1% and a return on invested capital (ROIC) of 11% 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 | 59.5% | 22.4% | 15.8% |
| 2007 | 61.1% | 23.5% | 17.3% |
| 2008 | 61.5% | 22.7% | 17.3% |
| 2009 | 61.6% | 21.3% | 16.2% |
| 2010 | 62.9% | 22.7% | 17.2% |
| 2011 | 60.1% | 18.5% | 14.4% |
| 2012 | 59.5% | 18.0% | 14.0% |
| 2013 | 59.1% | 17.2% | 13.3% |
| 2014 | 58.8% | 16.9% | 13.2% |
| 2015 | 57.0% | 14.9% | 11.6% |
| 2016 | 55.2% | 12.4% | 9.7% |
| 2017 | 54.0% | 10.3% | 8.1% |
| 2018 | 52.7% | 7.4% | 6.0% |
| 2019 | 52.6% | 7.5% | 5.8% |
| 2020 | 50.0% | 1.7% | 0.7% |
| 2021 | 52.8% | 7.7% | 5.5% |
| 2022 | 50.7% | 3.2% | 1.6% |
| 2023 | 51.2% | 6.2% | 3.7% |
| 2024 | 53.4% | 7.4% | 5.0% |
| 2025 | 45.4% | 8.1% | 5.3% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 38.9% | 114.1% | 30.4% |
| 2007 | 42.3% | 128.5% | 32.6% |
| 2008 | 41.4% | 114.7% | 29.8% |
| 2009 | 40.3% | 97.8% | 30.1% |
| 2010 | 42.3% | 97.2% | 31.6% |
| 2011 | 35.9% | 73.1% | 26.3% |
| 2012 | 38.5% | 66.5% | 28.0% |
| 2013 | 37.9% | 61.7% | 26.1% |
| 2014 | 38.7% | 62.8% | 26.4% |
| 2015 | 36.0% | 51.7% | 24.4% |
| 2016 | 30.4% | 37.2% | 18.9% |
| 2017 | 27.1% | 28.0% | 15.2% |
| 2018 | 21.6% | 19.7% | 10.7% |
| 2019 | 23.6% | 20.8% | 11.2% |
| 2020 | 2.3% | 2.1% | 0.7% |
| 2021 | 18.3% | 10.8% | 6.1% |
| 2022 | 7.0% | 4.1% | 2.0% |
| 2023 | 18.4% | 9.7% | 4.8% |
| 2024 | 25.2% | 12.7% | 6.4% |
| 2025 | 28.3% | 11.0% | 7.1% |
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 30 Nov 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = SEK 9.9729)
- 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 since 12 Nov 2026, previously Strong
- 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.