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Aebi Schmidt Holding AG manufactures specialty vehicles in North America, Europe, and internationally. It offers a portfolio of single axle implement carriers and transporters for the agriculture and municipal sectors; maintenance equipment, such as plows, snow cutters, spreaders, sprayers, and sweeping machines; and custom engineering, installation, manufacturing, and distribution of performance-driven municipal, commercial, and fleet vehicles. The company also provides heavy-duty industrial equipment, and services and support; multi-tasking airport equipment, including snow removal products and various attachment for commercial and municipal use; after-market service; pickup truck aluminum accessories; and emergency lighting and specialty vehicle upfits. In addition, it offers wireless communications, vehicle tracking solutions, and camera systems; winter road maintenance, highway construction and repair, landscaping, and hauling; truck and dump bodies, V-box and tailgate spreaders, hydraulic systems, and liquid application systems; and diesel platforms. Further, the company is involved in the manufacturing, upfitting, and distribution of truck equipment; walk-in van and truck body manufacturing and assembly; and cargo van upfitter. It provides its products under the Aebi, Schmidt, Monroe, Towmaster, MB, Utilimaster, Magnum, Strobes-R-Us, Swenson, Meyer, MB, and Spartan RV Chassis brands. Aebi Schmidt Holding AG was founded in 1883 and is headquartered in Frauenfeld, Switzerland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $97M | $10M | $-5M | 1.2% | 40.6% | -68.3% |
| 2024 | $1.1B | $102M | $31M | $55M | 8.4% | 6.9% | 174.0% |
| 2023 | $1.0B | $83M | $11M | $18M | 3.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Revenue | 1,015.57 | 1,085.96 | 1,526.62 |
| Operating Revenue | 1,015.57 | 1,085.96 | 1,526.62 |
| Cost Of Revenue | 808.92 | 857.72 | 1,222.57 |
| Gross Profit | 206.65 | 228.24 | 304.05 |
| Operating Expense | 147.62 | 159.74 | 230.99 |
| Research And Development | 17.12 | 19.56 | 26.49 |
| Selling General And Administration | 117.06 | 124.66 | 180.65 |
| Total Expenses | 956.54 | 1,017.47 | 1,453.56 |
| Operating Income | 59.03 | 68.49 | 73.07 |
| Total Operating Income As Reported | 59.03 | 68.49 | 73.07 |
| EBITDA | 82.54 | 102.18 | 97.19 |
| Normalized EBITDA | 82.54 | 102.18 | 97.19 |
| EBIT | 55.38 | 75.77 | 52.99 |
| Interest Expense | 38.03 | 34.11 | 41.79 |
| Net Interest Income | -38.03 | -34.11 | -41.79 |
| Other Non Operating Income Expenses | -3.66 | 7.28 | -20.08 |
| Other Income Expense | -3.66 | 7.28 | -20.08 |
| Interest Expense Non Operating | 38.03 | 34.11 | 41.79 |
| Net Non Operating Interest Income Expense | -38.03 | -34.11 | -41.79 |
| Pretax Income | 17.35 | 41.66 | 11.19 |
| Tax Provision | 6.15 | 10.93 | 1.49 |
| Tax Rate For Calcs | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 |
| Net Income Continuous Operations | 11.20 | 30.74 | 9.71 |
| Net Income From Continuing And Discontinued Operation | 11.20 | 30.68 | 9.74 |
| Net Income From Continuing Operation Net Minority Interest | 11.20 | 30.68 | 9.74 |
| Net Income | 11.20 | 30.68 | 9.74 |
| Net Income Common Stockholders | 11.20 | 30.68 | 9.74 |
| Net Income Including Noncontrolling Interests | 11.20 | 30.74 | 9.71 |
| Normalized Income | 11.20 | 30.68 | 9.74 |
| Diluted NI Availto Com Stockholders | 11.20 | 30.68 | 9.74 |
| Basic Average Shares | 77.60 | 77.60 | - |
| Diluted Average Shares | 77.60 | 77.60 | - |
| Reconciled Depreciation | 27.16 | 26.41 | 44.20 |
| Reconciled Cost Of Revenue | 795.65 | 845.40 | 1,201.69 |
| Minority Interests | 0 | -0.06 | 0.03 |
| Depreciation Amortization Depletion Income Statement | 13.89 | 14.09 | 23.32 |
| Depreciation And Amortization In Income Statement | 13.89 | 14.09 | 23.32 |
| General And Administrative Expense | 117.06 | 124.66 | 180.65 |
| Other Gand A | 117.06 | 124.66 | 180.65 |
| Other Operating Expenses | -0.46 | 1.44 | 0.53 |
| Amortization | 13.89 | 14.09 | 23.32 |
| Amortization Of Intangibles Income Statement | 13.89 | 14.09 | 23.32 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Aebi Schmidt Holding AGthis co. | AEBI | $942M | 96.77↑ premium | 1.16 | 1.2% | 16.49 |
| Limbach Holdings, Inc. | LMB | $1.0B | 25.73 | 5.14 | 20.0% | 15.02 |
| LegalZoom.com, Inc. | LZ | $996M | 64.53 | 5.79 | 9.0% | 9.94 |
| Cardinal Infrastructure Group Inc. | CDNL | $967M | 42.62 | 16.54 | 38.8% | 13.93 |
| Resolute Holdings Management, Inc. | RHLD |
| $966M |
| -163.07 |
| 148.07 |
| -90.8% |
| 6.35 |
| Eastman Kodak Company | KODK | $950M | -7.42 | 1.55 | -20.8% | -41.08 |
| National Presto Industries, Inc. | NPK | $939M | 28.38 | 2.38 | 8.4% | 20.15 |
| Power Solutions International, Inc. | PSIX | $926M | 8.13 | 5.19 | 63.8% | 8.99 |
| CRA International, Inc. | CRAI | $921M | 16.85 | 4.31 | 25.6% | 9.25 |
| Peer Median | - | 21.29 | 5.16 | 14.5% | 9.60 | |