MARKETS / NASDAQ / ERIC

NASDAQ · RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT · LARGE CAP

Ericsson LM Telephone Co. ERIC

11 fiscal years on record · SEK · FY2025 reported · SEC filings only

Revenue

SEK 236.7B

▼ 4.5% YoY

Net income

SEK 28.4B

▲ 142040.0% YoY

Free cash flow

SEK 30.3B

▼ 31.0% YoY

In brief

What this company does

Networks offers hardware, software and services for 5G networks, including energy-efficient RAN, cost-efficient transport networks and active and passive antennas, along with a services portfolio covering deployment and lifecycle management. Networks represented 64% of Group net sales in 2025. In 2025, Cloud Software and Services represented 26% of Group net sales and provided core networks, network management, business and operations support systems, and network operations delivered as managed services. In 2025, Enterprise represented 9% of Group net sales and provided secure, reliable connectivity through private 5G, indoor coverage and Wireless WAN, while orchestrating cloud-managed wireless platforms with AI-enhanced security and real-time optimization. In 2025, Other, which comprises media businesses and other non-allocated activities, represented 1% of Group net sales.

Written from the business description in ERICSSON LM TELEPHONE CO's annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth

SEK 236.7B

Revenue, FY2025 · full 11-year series below

Revenue SEK B Net income SEK B

FY2025 · Revenue 236.7 · Net income 28.4

Compound annual growth

Revenue

−4.5%

+0.4%

−0.4%

Net income

+14.9%

+10.2%

+7.7%

EPS, diluted

+14.8%

+10.1%

+7.5%

Dividend / share

+4.5%

+13.7%

−1.7%

Returned to shareholders

+4.3%

+9.7%

−1.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +0.4% a year over five years — but profit grew faster: net income at +10.2%, earnings per share at +10.1%.

The share count rose from 3.33B to 3.37B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 16.3% · Net 12.1%

ROE

FY2025 · ROE 27.9%

Gross margin47.6%

Operating margin16.3%

Net margin12.1%

Return on assets10.0%

EBITDASEK 47.5B

Each SEK of equity produced 28 cents of profit this year.

Cash & shareholders

SEK 9.5B

returned in FY2025 · dividends + net buybacks

Free cash flow SEK B

FY2025 · FCF 30.3

Net buybacks SEK B Dividends SEK B

FY2025 · Dividends 9.5 · Net buybacks —

Dividends paidSEK 9.5B

Net buybacks—

Share of profit33.6%

Consecutive raises1 years

SEK 9.5B in dividends — 34% of the year's profit went back to shareholders.

Total assetsSEK 279.2B

EquitySEK 109.5B

CashSEK 43.9B

Gross debtSEK 32.7B

Net debtSEK -11.2B

Current ratio1.29×

The company holds more cash than debt.

The 11-year record

11 fiscal years

Every figure from documents filed with the SEC · SEK

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue SEK B	236.7	247.9	263.4	271.5	232.3	232.4	227.2	210.8	205.4	220.3	246.9
Operating income SEK B	38.6	4.3	−20.3	27.0	31.8	27.8	10.6	1.2	−34.7	5.2	21.8
EBITDA SEK B	47.5	14.3	−9.2	37.2	40.2	35.8	19.2	8.5	−26.3	14.1	32.0
Income tax SEK B	9.6	2.2	2.8	5.5	6.3	9.6	6.9	4.8	−3.5	1.9	6.2
Net income SEK B	28.4	0.0	−26.4	18.7	22.7	17.5	2.2	−6.5	−32.6	0.8	13.5
Free cash flow SEK B	30.3	43.9	3.9	26.4	35.4	24.4	11.8	5.4	5.7	7.9	12.3
EPS, diluted SEK	8.51	0.01	−7.94	5.62	6.81	5.26	0.67	−1.98	−9.94	0.25	4.13
Dividend / sh SEK	2.85	2.70	2.70	2.50	2.00	1.50	1.00	1.00	1.00	3.70	3.40
Payout %	34	46165	−34	45	30	34	200	−52	−11	1472	84
ROE %	27.9	0.0	−22.7	15.4	23.2	20.7	2.6	−7.1	−28.1	0.6	9.5
Shares out B	3.37	3.35	3.34	3.33	3.33	3.33	3.33	3.33	3.33	3.33	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 2 failures in 53 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 42 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente2 failures

ActivityRadio & Tv Broadcasting & Communications Equipment

Listed onNASDAQ

Incorporated inoutside the United States — SEC code V7

Fiscal year endsDecember 31

Data on record since2015