| CHF millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 321.7 | 490.5 | 569.7 | 671.4 | 672.3 | 727.2 | +8.2% | |
| Depreciation & amortization | 251.4 | 269.3 | 265.0 | 267.5 | 277.1 | 289.8 | +4.6% | |
| Stock-based compensation | 15.5 | 14.8 | 16.0 | 19.3 | 21.6 | 0.0 | −100.0% | |
| Change in working capital | 206.3 | 38.4 | (124.7) | (190.2) | 143.8 | (606.4) | −521.7% | |
| Operating cash flow | 787.6 | 826.8 | 756.0 | 778.6 | 1,182.0 | 520.4 | −56.0% | |
| Capital expenditure | (249.1) | (240.6) | (229.7) | (280.5) | (269.5) | (273.2) | −1.4% | |
| Acquisitions | 6.3 | (23.2) | 1.5 | 0.8 | 2.3 | 1.7 | −26.1% | |
| Investing cash flow | (240.5) | (112.9) | 21.8 | (301.0) | (312.0) | (331.7) | −6.3% | |
| Dividends paid | (417.6) | (264.1) | (284.1) | (303.6) | (321.7) | (344.8) | −7.2% | |
| Share buybacks | (34.9) | (433.3) | (551.4) | (593.9) | (304.9) | (332.9) | −9.2% | |
| Debt issued / repaid | (1.6) | (73.0) | (83.5) | (68.6) | 185.0 | 45.2 | −75.6% | |
| Financing cash flow | (340.1) | (624.6) | (835.5) | (855.5) | (330.2) | (512.8) | −55.3% | |
| Free cash flow | 538.5 | 586.2 | 526.3 | 498.1 | 912.5 | 247.2 | −72.9% | |
| Net change in cash | 193.6 | 88.8 | (72.6) | (402.4) | 552.3 | (346.3) | −162.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
