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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 |
| Cost Of Revenue | 808.92 | 857.72 | 1,222.57 |
| Gross Profit | 206.65 | 228.24 | 304.05 |
| Operating Expense | 147.62 | 159.75 | 230.99 |
| Operating Income | 59.03 | 68.49 | 73.07 |
| EBITDA | 82.54 | 102.18 | 97.19 |
| EBIT | 55.38 | 75.77 | 52.99 |
| Pretax Income | 17.35 | 41.66 | 11.19 |
| Tax Provision | 6.15 | 10.93 | 1.49 |
| Net Income | 11.20 | 30.68 | 9.74 |
| Net Income Common Stockholders | 11.20 | 30.68 | 9.74 |
| Total Expenses | 956.54 | 1,017.47 | 1,453.56 |
| Interest Expense | 38.03 | 34.11 | 41.79 |
| Research And Development | 17.12 | 19.56 | 26.49 |
| Selling General And Administration | 117.06 | 124.66 | 180.65 |
| Normalized EBITDA | 82.54 | 102.18 | 97.19 |
| Normalized Income | 11.20 | 30.68 | 9.74 |
| Basic EPS | 0.14 | 0.40 | 0 |
| Diluted EPS | 0.14 | 0.40 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.35 | 0.26 | 0.13 |
| Net Income From Continuing Operation Net Minority Interest | 11.20 | 30.68 | 9.74 |
| Reconciled Depreciation | 27.16 | 26.41 | 44.20 |
| Reconciled Cost Of Revenue | 795.65 | 845.39 | 1,201.69 |
| Net Interest Income | -38.03 | -34.11 | -41.79 |
| Net Income From Continuing And Discontinued Operation | 11.20 | 30.68 | 9.74 |
| Total Operating Income As Reported | 59.03 | 68.49 | 73.07 |
| Diluted Average Shares | 77.60 | 77.60 | 0 |
| Basic Average Shares | 77.60 | 77.60 | 0 |
| Diluted NI Availto Com Stockholders | 11.20 | 30.68 | 9.74 |
| Minority Interests | 0 | -0.06 | 0.03 |
| Net Income Including Noncontrolling Interests | 11.20 | 30.74 | 9.71 |
| Net Income Continuous Operations | 11.20 | 30.74 | 9.71 |
| Other Income Expense | -3.66 | 7.28 | -20.08 |
| Other Non Operating Income Expenses | -3.66 | 7.28 | -20.08 |
| Net Non Operating Interest Income Expense | -38.03 | -34.11 | -41.79 |
| Interest Expense Non Operating | 38.03 | 34.11 | 41.79 |
| Other Operating Expenses | -0.46 | 1.44 | 0.53 |
| Depreciation Amortization Depletion Income Statement | 13.89 | 14.09 | 23.32 |
| Depreciation And Amortization In Income Statement | 13.89 | 14.09 | 23.32 |
| Amortization | 13.89 | 14.09 | 23.32 |
| Amortization Of Intangibles 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 |
| Operating Revenue | 1,015.57 | 1,085.96 | 1,526.62 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Aebi Schmidt Holding AGthis co. | AEBI | $863M | 65.59↑ premium | 1.05 | 1.2% | 13.09 |
| Satellogic Inc. | SATL | $881M | - | 13.79 | -7.9% | -36.46 |
| Covenant Logistics Group, Inc. | CVLG | $874M | 387.11 | 2.16 | 1.8% | 10.40 |
| Sun Country Airlines Holdings, Inc. | SNCY | $874M | 16.83 | 1.42 | 8.4% | 6.49 |
| Frontier Group Holdings, Inc. | ULCC |
| $861M |
| - |
| 1.75 |
| -27.9% |
| -15.70 |
| Kforce Inc. | KFRC | $854M | 24.08 | 6.47 | 27.9% | 16.91 |
| Compass Diversified | CODI | $854M | - | -23.84 | -39.5% | 17.91 |
| Apogee Enterprises, Inc. | APOG | $831M | 9.68 | 1.69 | 17.4% | 6.94 |
| Falcon's Beyond Global, Inc. | FBYD | $809M | 550.67 | 66.61 | 14.2% | -56.76 |
| Peer Median | - | 24.08 | 1.96 | 5.1% | 6.71 | |