Cash flow Legrand

Equities

LR

FR0010307819

Electrical Components & Equipment

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-05-08 am EDT			Pre-market 02:33:05 am
156.50 ^EUR	-0.57%		156.18	-0.21%

May. 08	A lot of noise, little impact?
May. 07	The Rally Spreads

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Published financial data: LEGRAND

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	6.99B	8.34B	8.42B	8.65B	9.48B
Total Revenues	6.99B	8.34B	8.42B	8.65B	9.48B
Cost of Goods Sold, Total	3.44B	4.19B	4.02B	4.18B	4.66B
Gross Profit	3.56B	4.15B	4.4B	4.47B	4.82B
Selling General & Admin Expenses, Total	1.77B	2.06B	2.2B	2.28B	2.45B
R&D Expenses	329M	357M	376M	406M	409M
Other Operating Expenses	117M	288M	180M	140M	152M
Other Operating Expenses, Total	2.21B	2.7B	2.76B	2.83B	3.01B
Operating Income	1.34B	1.44B	1.64B	1.64B	1.8B
Interest Expense, Total	-90.6M	-106M	-116M	-149M	-164M
Interest And Investment Income	6.8M	45.8M	87.6M	103M	75.7M
Net Interest Expenses	-83.8M	-60.1M	-28.7M	-46.3M	-87.9M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-1.5M	-400K	-8.6M	-13.9M	-25.2M
EBT, Excl. Unusual Items	1.26B	1.38B	1.6B	1.58B	1.69B
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-54.3M	-	-
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	1.26B	1.38B	1.55B	1.58B	1.69B
Income Tax Expense	352M	384M	401M	409M	439M
Earnings From Continuing Operations	905M	1B	1.15B	1.17B	1.25B
Net Income to Company	905M	1B	1.15B	1.17B	1.25B
Minority Interest	-600K	-	-	-2.5M	-7.7M
Net Income - (IS)	904M	1B	1.15B	1.17B	1.24B
Net Income to Common Incl Extra Items	904M	1B	1.15B	1.17B	1.24B
Net Income to Common Excl. Extra Items	904M	1B	1.15B	1.17B	1.24B
Per Share Items
Net EPS - Basic	3.39	3.75	4.33	4.45	4.75
Basic EPS - Continuing Operations	3.39	3.75	4.33	4.45	4.75
Basic Weighted Average Shares Outstanding	267M	267M	265M	262M	262M
Net EPS - Diluted	3.37	3.73	4.3	4.42	4.7
Diluted EPS - Continuing Operations	3.37	3.73	4.3	4.42	4.7
Diluted Weighted Average Shares Outstanding	269M	268M	267M	264M	266M
Normalized Basic EPS	2.94	3.24	3.78	3.75	4
Normalized Diluted EPS	2.92	3.22	3.76	3.73	3.94
Dividend Per Share	1.65	1.9	2.09	2.2	2.38
Payout Ratio	41.78	43.95	43.88	46.9	46.26
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	1.55B	1.71B	1.88B	1.91B	2.1B
EBITA	1.44B	1.55B	1.75B	1.77B	1.95B
EBIT	1.34B	1.44B	1.64B	1.64B	1.8B
Effective Tax Rate - (Ratio)	28	27.75	25.88	25.92	25.95
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	299M	378M	401M	421M	489M
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	53.3M	5.6M	-100K	-11.9M	-49.9M
Normalized Net Income	785M	865M	1B	984M	1.05B
Non-Cash Pension Expense	1.8M	2.7M	4.7M	4.6M	4.3M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	357M	389M	381M	430M	433M
Stock-Based Comp., Other (Total)	30.5M	33.8M	34.2M	37.7M	38.3M
Total Stock-Based Compensation	30.5M	33.8M	34.2M	37.7M	38.3M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.79B	2.35B	2.82B	2.08B	2.38B
Short Term Investments	6.4M	65.1M	1.8M	1.3M	800K
Total Cash And Short Term Investments	2.79B	2.41B	2.82B	2.08B	2.38B
Accounts Receivable, Total	728M	958M	970M	1.05B	1.23B
Other Receivables	272M	293M	426M	431M	404M
Total Receivables	1B	1.25B	1.4B	1.48B	1.63B
Inventory	1.25B	1.36B	1.22B	1.32B	1.47B
Prepaid Expenses	80.8M	80.6M	66.4M	71.3M	87.6M
Other Current Assets, Total	2.6M	2.1M	2.9M	4.3M	2.2M
Total Current Assets	5.13B	5.1B	5.5B	4.96B	5.57B
Gross Property Plant And Equipment	3.54B	3.72B	3.88B	4B	4.23B
Accumulated Depreciation	-2.55B	-2.71B	-2.78B	-2.79B	-2.85B
Net Property Plant And Equipment	988M	1.01B	1.11B	1.21B	1.38B
Long-term Investments	2.4M	1.9M	27.7M	43M	27.2M
Goodwill	5.24B	5.57B	5.48B	6.9B	7.63B
Other Intangibles, Total	2.49B	2.53B	2.44B	2.64B	2.59B
Deferred Tax Assets Long-Term	116M	134M	141M	179M	211M
Other Long-Term Assets, Total	62.6M	62.1M	146M	142M	187M
Total Assets	14.03B	14.42B	14.84B	16.08B	17.59B
Liabilities
Accounts Payable, Total	810M	852M	936M	964M	1.06B
Accrued Expenses, Total	704M	715M	795M	849M	943M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	764M	582M	664M	366M	455M
Current Portion of Leases	62.2M	68.8M	68.3M	77.7M	89.1M
Current Income Taxes Payable	39.6M	48.6M	61.9M	48.1M	55.3M
Unearned Revenue Current, Total	33.7M	42.9M	45.7M	51.3M	69.7M
Other Current Liabilities	172M	186M	203M	220M	208M
Total Current Liabilities	2.59B	2.5B	2.77B	2.58B	2.88B
Long-Term Debt	4.27B	3.81B	3.87B	4.4B	5.71B
Long-Term Leases	217M	208M	216M	241M	344M
Pension & Other Post Retirement Benefits	171M	130M	136M	138M	125M
Deferred Tax Liability Non Current	866M	915M	930M	1B	1.01B
Other Non Current Liabilities	197M	217M	177M	167M	178M
Total Liabilities	8.31B	7.77B	8.11B	8.53B	10.26B
Common Stock, Total	1.07B	1.07B	1.06B	1.05B	1.05B
Retained Earnings	5.34B	5.95B	6.18B	6.73B	7.16B
Comprehensive Income and Other	-689M	-378M	-515M	-252M	-917M
Total Common Equity	5.72B	6.64B	6.72B	7.53B	7.29B
Minority Interest	3.8M	5.6M	12M	17.7M	39.8M
Total Equity	5.72B	6.64B	6.73B	7.55B	7.33B
Total Liabilities And Equity	14.03B	14.42B	14.84B	16.08B	17.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	267M	267M	262M	262M	261M
ECS Total Common Shares Outstanding	267M	267M	262M	262M	262M
Book Value / Share	21.43	24.89	25.64	28.73	27.88
Tangible Book Value	-2.01B	-1.46B	-1.19B	-2.01B	-2.92B
Tangible Book Value Per Share	-7.53	-5.49	-4.54	-7.67	-11.17
Total Debt	5.31B	4.67B	4.82B	5.09B	6.6B
Net Debt	2.52B	2.25B	2B	3B	4.22B
Debt Equivalent of Unfunded Proj. Benefit Obligation	159M	123M	128M	121M	99.9M
Minority Interest, Total (Incl. Fin. Div)	3.8M	5.6M	12M	17.7M	39.8M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	675M	757M	724M	776M	933M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	727M	843M	737M	811M	801M
Land - (BS)	49.4M	50.7M	54M	54.7M	55.3M
Buildings, Total	631M	684M	715M	744M	807M
Machinery, Total	1.92B	1.94B	1.99B	2.09B	2.14B
Full Time Employees	38.21K	33.08K	32.99K	33.96K	34.85K
Part Time Employees	-	813	916	942	1.12K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	98.1M	101M	95.9M	96.3M	102M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	904M	1B	1.15B	1.17B	1.24B
Depreciation & Amortization - CF	179M	238M	204M	224M	240M
Amortization of Goodwill and Intangible Assets - (CF)	98.7M	102M	112M	131M	145M
Depreciation & Amortization, Total	278M	339M	316M	355M	385M
Amortization of Deferred Charges, Total - (CF)	32M	35.5M	40.6M	29.6M	32.1M
(Gain) Loss From Sale Of Asset	700K	-600K	44.1M	1.4M	4.4M
Asset Writedown & Restructuring Costs	-	41.1M	17M	-	-2.3M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	103M	69.7M	34M	45.9M	51.4M
Change In Accounts Receivable	3M	-158M	43.1M	11.4M	-120M
Change In Inventories	-351M	-47.6M	124M	-56.5M	-137M
Change In Accounts Payable	140M	-13.7M	30M	-11.7M	63.8M
Change in Other Net Operating Assets	2.8M	-29.3M	38.9M	-18.5M	55.2M
Cash from Operations	1.11B	1.24B	1.84B	1.52B	1.58B
Capital Expenditure	-140M	-178M	-222M	-210M	-221M
Sale of Property, Plant, and Equipment	10.2M	5M	1.7M	6.8M	2.7M
Cash Acquisitions	-296M	-236M	-92.6M	-1.51B	-1.31B
Sale (Purchase) of Intangible assets	-30.6M	-28.1M	-30.8M	-29.3M	-27.6M
Investment in Marketable and Equity Securities, Total	-10.4M	-27.2M	-69.1M	7.4M	-47.3M
Cash from Investing	-467M	-464M	-413M	-1.74B	-1.61B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	795M	100M	700M	802M	1.55B
Total Debt Issued	795M	100M	700M	802M	1.55B
Short Term Debt Repaid, Total	-887M	-740M	-556M	-614M	-330M
Long-Term Debt Repaid, Total	-74.2M	-107M	-79.6M	-94.4M	-96.7M
Total Debt Repaid	-961M	-847M	-635M	-708M	-427M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-91.7M	-44.6M	-439M	-46.3M	-111M
Common Dividends Paid	-378M	-439M	-504M	-547M	-576M
Common & Preferred Stock Dividends Paid	-378M	-439M	-504M	-547M	-576M
Other Financing Activities, Total	-51.6M	-3.3M	-48.3M	-35.7M	-42.7M
Cash from Financing	-687M	-1.23B	-927M	-536M	394M
Foreign Exchange Rate Adjustments	37.9M	20.2M	-27.5M	13.6M	-62.3M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-3.4M	-442M	469M	-735M	300M
Supplemental Items
Cash Interest Paid	76.9M	79.1M	63M	91.7M	107M
Cash Income Tax Paid (Refund)	301M	361M	463M	437M	432M
Levered Free Cash Flow	699M	769M	1.29B	1.01B	1.13B
Unlevered Free Cash Flow	752M	831M	1.36B	1.1B	1.23B
Change In Net Working Capital	254M	270M	-201M	101M	101M
Net Debt Issued / Repaid	-166M	-747M	64.7M	93.2M	1.12B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.23	6.35	7.01	6.62	6.7
Return on Total Capital	7.86	8.08	8.97	8.46	8.49
Return On Equity %	17.04	16.17	17.17	16.37	16.83
Return on Common Equity	17.05	16.18	17.19	16.37	16.79
Margin Analysis
Gross Profit Margin %	50.83	49.72	52.26	51.64	50.83
SG&A Margin	25.26	24.67	26.15	26.39	25.87
EBITDA Margin %	22.2	20.48	22.33	22.08	22.11
EBITA Margin %	20.6	18.53	20.83	20.45	20.56
EBIT Margin %	19.19	17.31	19.5	18.94	19.03
Income From Continuing Operations Margin %	12.94	11.99	13.65	13.52	13.21
Net Income Margin %	12.93	11.99	13.65	13.49	13.13
Net Avail. For Common Margin %	12.93	11.99	13.65	13.49	13.13
Normalized Net Income Margin	11.22	10.37	11.91	11.37	11.07
Levered Free Cash Flow Margin	9.99	9.22	15.35	11.71	11.94
Unlevered Free Cash Flow Margin	10.75	9.97	16.17	12.73	12.95
Asset Turnover
Asset Turnover	0.52	0.59	0.58	0.56	0.56
Fixed Assets Turnover	7.22	8.34	7.94	7.46	7.32
Receivables Turnover (Average Receivables)	10.19	9.89	8.73	8.56	8.32
Inventory Turnover (Average Inventory)	3.29	3.21	3.12	3.29	3.34
Short Term Liquidity
Current Ratio	1.98	2.04	1.98	1.93	1.93
Quick Ratio	1.47	1.47	1.52	1.38	1.39
Operating Cash Flow to Current Liabilities	0.43	0.5	0.66	0.59	0.55
Days Sales Outstanding (Average Receivables)	35.83	36.91	41.8	42.76	43.85
Days Outstanding Inventory (Average Inventory)	110.9	113.61	117.17	111.27	109.12
Average Days Payable Outstanding	67.39	70.62	84.08	81.22	76.97
Cash Conversion Cycle (Average Days)	79.34	79.9	74.89	72.81	76.01
Long Term Solvency
Total Debt/Equity	92.87	70.24	71.59	67.38	90.04
Total Debt / Total Capital	48.15	41.26	41.72	40.26	47.38
LT Debt/Equity	78.42	60.43	60.72	61.51	82.62
Long-Term Debt / Total Capital	40.66	35.5	35.38	36.75	43.47
Total Liabilities / Total Assets	59.22	53.92	54.62	53.04	58.31
EBIT / Interest Expense	14.82	13.63	14.11	10.97	11.03
EBITDA / Interest Expense	17.89	16.84	16.83	13.35	13.38
(EBITDA - Capex) / Interest Expense	16.34	15.16	14.92	11.94	12.03
Total Debt / EBITDA	3.28	2.62	2.46	2.55	3.02
Net Debt / EBITDA	1.55	1.26	1.02	1.51	1.93
Total Debt / (EBITDA - Capex)	3.59	2.91	2.78	2.85	3.35
Net Debt / (EBITDA - Capex)	1.7	1.4	1.16	1.68	2.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.67	19.23	0.93	2.76	9.62
Gross Profit, 1 Yr. Growth %	11.66	16.64	6.08	1.53	7.89
EBITDA, 1 Yr. Growth %	19.84	10.89	1.29	3.64	9.77
EBITA, 1 Yr. Growth %	22.08	8.18	3.55	3.08	10.2
EBIT, 1 Yr. Growth %	26.26	7.56	3.11	3.23	10.14
Earnings From Cont. Operations, 1 Yr. Growth %	32.71	10.43	14.91	1.78	7.13
Net Income, 1 Yr. Growth %	32.78	10.5	14.91	1.56	6.7
Normalized Net Income, 1 Yr. Growth %	30.85	10.13	4.75	1.57	6.66
Diluted EPS Before Extra, 1 Yr. Growth %	32.99	10.7	15.51	2.76	6.38
Accounts Receivable, 1 Yr. Growth %	13.03	31.52	1.23	8.36	16.74
Inventory, 1 Yr. Growth %	49.61	8.36	-9.95	8.07	11.04
Net Property, Plant and Equip., 1 Yr. Growth %	4.05	2.49	9.57	8.98	14.27
Total Assets, 1 Yr. Growth %	8.67	2.77	2.96	8.31	9.44
Tangible Book Value, 1 Yr. Growth %	-14.45	-27.12	-18.74	68.94	45.33
Common Equity, 1 Yr. Growth %	16.76	16.11	1.29	12.01	-3.14
Cash From Operations, 1 Yr. Growth %	-4.23	11.1	48.55	-17.05	3.51
Capital Expenditures, 1 Yr. Growth %	10.33	26.95	25.28	-5.48	5.14
Levered Free Cash Flow, 1 Yr. Growth %	-25.07	12.03	50	-20.59	11.65
Unlevered Free Cash Flow, 1 Yr. Growth %	-24.06	12.48	47.29	-18.1	11.45
Dividend Per Share, 1 Yr. Growth %	16.2	15.15	10	5.26	8.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.77	16.93	9.7	1.84	6.13
Gross Profit, 2 Yr. CAGR %	1.69	14.12	11.24	3.78	4.66
EBITDA, 2 Yr. CAGR %	3.7	14.82	10.47	1.43	6.66
EBITA, 2 Yr. CAGR %	4.1	14.43	10.79	2.21	6.58
EBIT, 2 Yr. CAGR %	4.3	16.54	10.57	1.45	6.63
Earnings From Cont. Operations, 2 Yr. CAGR %	4.04	21.06	12.65	8.14	4.42
Net Income, 2 Yr. CAGR %	4.09	21.13	12.68	8.03	4.1
Normalized Net Income, 2 Yr. CAGR %	4.4	20.04	13	1.38	4.08
Diluted EPS Before Extra, 2 Yr. CAGR %	4.15	21.33	13.08	8.95	4.55
Accounts Receivable, 2 Yr. CAGR %	-1.89	21.93	15.38	4.74	12.47
Inventory, 2 Yr. CAGR %	21.21	27.32	-1.22	-1.35	9.54
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.59	3.27	5.97	9.28	11.59
Total Assets, 2 Yr. CAGR %	8.92	5.68	2.86	5.6	8.88
Tangible Book Value, 2 Yr. CAGR %	1.83	-21.04	-23.04	17.17	56.69
Common Equity, 2 Yr. CAGR %	5.85	16.43	8.44	6.52	4.16
Cash From Operations, 2 Yr. CAGR %	-5.25	3.15	28.47	11.01	-7.34
Capital Expenditures, 2 Yr. CAGR %	-8.45	18.35	26.11	8.82	-0.32
Levered Free Cash Flow, 2 Yr. CAGR %	-10.04	-9.19	37.2	8.42	-5.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.38	-8.34	35.68	9.14	-4.42
Dividend Per Share, 2 Yr. CAGR %	10.97	15.67	12.55	7.61	6.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.26	7.99	11.33	7.33	4.37
Gross Profit, 3 Yr. CAGR %	4.36	6.45	11.38	7.9	5.13
EBITDA, 3 Yr. CAGR %	4.96	5.76	13.21	7.42	4.14
EBITA, 3 Yr. CAGR %	5.07	5.14	14.1	7.38	4.8
EBIT, 3 Yr. CAGR %	4.87	5.38	15.57	6.86	4.27
Earnings From Cont. Operations, 3 Yr. CAGR %	5.43	6.13	18.97	8.9	7.81
Net Income, 3 Yr. CAGR %	5.44	6.19	19.02	8.85	7.58
Normalized Net Income, 3 Yr. CAGR %	4.5	6.28	18.66	7.81	3.11
Diluted EPS Before Extra, 3 Yr. CAGR %	5.47	6.29	19.36	9.53	8.09
Accounts Receivable, 3 Yr. CAGR %	3.01	8.18	14.6	12.99	8.59
Inventory, 3 Yr. CAGR %	12.24	16.77	13.44	1.78	2.62
Net Property, Plant and Equip., 3 Yr. CAGR %	14.3	-0.25	5.33	6.97	10.92
Total Assets, 3 Yr. CAGR %	10.82	6.83	4.76	4.65	6.87
Tangible Book Value, 3 Yr. CAGR %	-0.5	-8.91	-20.28	0.02	25.89
Common Equity, 3 Yr. CAGR %	7.58	9.16	11.15	9.62	3.2
Cash From Operations, 3 Yr. CAGR %	6.34	-0.09	16.48	11.04	8.45
Capital Expenditures, 3 Yr. CAGR %	-2.43	2.09	20.62	14.55	7.58
Levered Free Cash Flow, 3 Yr. CAGR %	7.52	-3.78	11.48	13.84	9.52
Unlevered Free Cash Flow, 3 Yr. CAGR %	7.38	-3.14	11.2	14.19	9.94
Dividend Per Share, 3 Yr. CAGR %	7.18	12.34	13.75	10.06	7.8
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.86	8.6	7.01	5.48	9.22
Gross Profit, 5 Yr. CAGR %	6.15	7.34	7.06	5.37	8.64
EBITDA, 5 Yr. CAGR %	7.56	6.68	6.96	5.75	10.1
EBITA, 5 Yr. CAGR %	7.98	6.34	7.14	5.88	10.56
EBIT, 5 Yr. CAGR %	7.52	6.18	7.11	5.83	11.16
Earnings From Cont. Operations, 5 Yr. CAGR %	7.51	6.98	8.26	6.93	12.92
Net Income, 5 Yr. CAGR %	7.55	7.04	8.28	6.92	12.81
Normalized Net Income, 5 Yr. CAGR %	8.22	7.17	7.82	6.43	11.83
Diluted EPS Before Extra, 5 Yr. CAGR %	7.55	7.09	8.45	7.35	13.2
Accounts Receivable, 5 Yr. CAGR %	5.24	8.92	7.79	6.79	13.74
Inventory, 5 Yr. CAGR %	13.31	12.68	6.65	9.15	11.86
Net Property, Plant and Equip., 5 Yr. CAGR %	10.58	10.21	10.89	3.46	7.79
Total Assets, 5 Yr. CAGR %	11.58	8.87	7.57	6.34	6.39
Tangible Book Value, 5 Yr. CAGR %	16.3	-6.82	-10.22	0.74	4.46
Common Equity, 5 Yr. CAGR %	7.1	9.91	7.93	8.1	8.3
Cash From Operations, 5 Yr. CAGR %	5.99	7.43	14.69	4.21	6.3
Capital Expenditures, 5 Yr. CAGR %	2.07	4.2	8.12	4.73	11.76
Levered Free Cash Flow, 5 Yr. CAGR %	4.2	5.97	18.11	3.24	3.95
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.61	5.67	17.52	3.76	4.41
Dividend Per Share, 5 Yr. CAGR %	6.75	8.56	9.3	10.42	10.88