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H & M Hennes & Mauritz AB B

BATS-CHIXE:HMBS

Sweden / Consumer Discretionary / Specialty Retail

Overview

5Y Historical Financials

Stock Price

172.78 SEK


Key Metrics	Latest
Total Revenue	231.3 B
Adjusted EBITDA	23.041 B
EBITDA Margin	10.0%
Net Profit Margin	4.7%
Total Assets	171.9 B
Total Debt	70.773 B

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Nov-20	Nov-21	Nov-22	Nov-23	Nov-24	12 Months	Aug-24	Aug-25

Revenue	187,031.00	198,967.00	223,553.00	236,035.00	234,478.00	231,257.00	172,285.00	169,064.00
% Growth		0.06	0.12	0.06	(0.01)			(0.02)

Adjusted EBITDA	13,895.00	24,082.00	15,054.00	20,786.00	23,849.00	23,041.00	19,221.00	18,413.00
% Margin	0.07	0.12	0.07	0.09	0.10	0.10	0.11	0.11

Adjusted EBIT	3,099.00	15,255.00	7,438.00	13,566.00	17,384.00	16,980.00	12,818.00	12,414.00
% Margin	0.02	0.08	0.03	0.06	0.07	0.07	0.07	0.07

Adjusted Net Income	1,243.00	11,010.00	3,566.00	8,716.00	11,584.00	10,882.52	8,655.02	7,953.54
% Margin	0.01	0.06	0.02	0.04	0.05	0.05	0.05	0.05

Adjusted Basic EPS	0.75	6.65	2.16	5.35	7.19	6.79	5.37	4.96

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
SEK	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Nov-20	Nov-21	Nov-22	Nov-23	Nov-24	Aug-25	Aug-24	Aug-25
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	187,031	198,967	223,553	236,035	234,478	231,257	172,285	169,064
% Growth	NA	6.4%	12.4%	5.6%	-0.7%			-1.9%

Cost of Revenue	(93,487)	(93,961)	(110,183)	(115,139)	(109,179)	(108,563)	(80,903)	(80,287)
Gross Profit	93,544	105,006	113,370	120,896	125,299	122,694	91,382	88,777
% Revenue	50.0%	52.8%	50.7%	51.2%	53.4%	53.1%	53.0%	52.5%

Research and Development	(1,216)	(1,449)	(1,665)	(1,962)	(2,094)	(2,094)	0	0
Selling and Marketing	(81,425)	(80,535)	(94,542)	(96,435)	(97,153)	(95,223)	(70,670)	(68,740)
General and Admin	(9,020)	(9,216)	(11,390)	(10,895)	(10,762)	(10,491)	(7,894)	(7,623)
Other Inc / (Exp)	1,216	1,449	1,396	2,933	2,016	1,769	(136)	(383)
Total Operating Exp	(90,445)	(89,751)	(106,201)	(106,359)	(107,993)	(106,039)	(78,700)	(76,746)

Operating Income	3,099	15,255	7,169	14,537	17,306	16,655	12,682	12,031
% Revenue	1.7%	7.7%	3.2%	6.2%	7.4%	7.2%	7.4%	7.1%

Interest Expense	(1,047)	(955)	(953)	(1,527)	(1,863)	(2,196)	(1,323)	(1,656)
Pre-tax Income	2,052	14,300	6,216	13,010	15,443	14,459	11,359	10,375
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(809)	(3,290)	(2,650)	(4,294)	(3,859)	(3,723)	(2,758)	(2,622)
Net Income to Company	1,243	11,010	3,566	8,716	11,584	10,736	8,601	7,753
% Margin	0.7%	5.5%	1.6%	3.7%	4.9%	4.6%	5.0%	4.6%

Minority Interest in Earnings	0	0	0	29	37	47	33	43
Net Income to Stockholders	1,243	11,010	3,566	8,745	11,621	10,783	8,634	7,796

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	1,243	11,010	3,566	8,745	11,621	10,783	8,634	7,796
% Margin	0.7%	5.5%	1.6%	3.7%	5.0%	4.7%	5.0%	4.6%

As Reported
Basic EPS (Continuing Ops)	0.75	6.65	2.16	5.37	7.21	6.72	5.35	4.86
Diluted EPS (Continuing Ops)	0.75	6.65	2.16	5.37	7.21	6.72	5.35	4.86

WA Basic Shares Out.	1,655.07	1,655.07	1,649.85	1,629.10	1,611.70	1,603.12	1,612.84	1,604.27
WA Diluted Shares Out.	1,655.07	1,655.07	1,649.85	1,629.10	1,611.70	1,603.12	1,612.84	1,604.27

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	2,052	14,300	6,216	13,010	15,443	14,459	11,359	10,375
Addback: Net Interest Expense	1,047	955	953	1,527	1,863	2,196	1,323	1,656
Addback: Other Non Operating Expenses, Total	0	0	269	(971)	78	127	63	112
Addback: Depreciation & Amortization	10,796	8,827	7,616	7,220	6,465	6,061	6,403	5,999
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0
Addback: Asset Writedown	0	0	0	0	0	198	73	271
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0
Adjusted EBITDA	13,895	24,082	15,054	20,786	23,849	23,041	19,221	18,413
% Margin	7.4%	12.1%	6.7%	8.8%	10.2%	10.0%	11.2%	10.9%

Adjusted EBIT	3,099	15,255	7,438	13,566	17,384	16,980	12,818	12,414
% Margin	1.7%	7.7%	3.3%	5.7%	7.4%	7.3%	7.4%	7.3%

Adjusted Net Income Reconciliation
Net Income to Company	1,243	11,010	3,566	8,716	11,584	10,736	8,601	7,753
Addback: Unusual Items	0	0	0	0	0	198	73	271
Less: Tax Benefit of Unusual Items (26%)	0	0	0	0	0	(51)	(19)	(70)
Adjusted Net Income	1,243	11,010	3,566	8,716	11,584	10,883	8,655	7,954
% Margin	0.7%	5.5%	1.6%	3.7%	4.9%	4.7%	5.0%	4.7%

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H & M Hennes & Mauritz AB B

BATS-CHIXE:HMBS

Sweden / Consumer Discretionary / Specialty Retail

5Y Historical Financials