ERIC financial statements

The full income statement, balance sheet, and cash-flow statement for Ericsson American Depositary Shares (ERIC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2017-12 3.28B2018-12 3.29B2019-12 3.32B2020-12 3.33B2021-12 3.33B2022-12 3.33B2023-12 3.33B2024-12 3.34B2025-12 3.34B+2.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	24.1B YoY+2.8%	23.4B YoY-5.6%	24.8B YoY-7.6%	26.9B YoY-0.9%	27.1B YoY+7.2%
	11.5B YoY+10.9%	10.3B YoY+8.0%	9.58B YoY-14.5%	11.2B YoY-4.6%	11.7B YoY+15.2%
Cost of revenue	12.6B YoY-3.6%	13.1B YoY-14.1%	15.2B YoY-2.6%	15.6B YoY+2.0%	15.3B YoY+1.7%
Research & development	4.97B YoY-1.7%	5.06B YoY+6.0%	4.77B YoY+2.1%	4.68B YoY-4.6%	4.91B YoY+13.6%
Operating income	3.93B YoY+864.7%	408M YoY+121.3%	-1.92B YoY-171.7%	2.67B YoY-27.9%	3.70B YoY+22.5%
Interest expense	310M YoY-20.0%	388M YoY-0.1%	388M YoY+103.3%	191M YoY-2.2%	195M YoY-15.2%
Pre-tax income	3.90B YoY+1493.2%	245M YoY+111.1%	-2.20B YoY-190.3%	2.43B YoY-28.6%	3.41B YoY+15.2%
Income tax	976M YoY+366.2%	209M YoY-20.2%	262M YoY-51.7%	544M YoY-25.6%	731M YoY-29.9%
	2.92B YoY+8168.1%	35.4M YoY+101.4%	-2.46B YoY-230.2%	1.89B YoY-29.5%	2.68B YoY+39.8%
Net income to common	2.89B YoY+152974.3%	1.89M YoY+100.1%	-2.49B YoY-234.6%	1.85B YoY-30.0%	2.65B YoY+39.2%
	$0.87 YoY+91546.4%	$0.00 YoY+100.1%	-$0.75 YoY-234.6%	$0.56 YoY-30.0%	$0.79 YoY+38.8%
EPS (basic)	$0.87 YoY+91761.8%	$0.00 YoY+100.1%	-$0.75 YoY-234.6%	$0.56 YoY-30.1%	$0.80 YoY+39.0%
	3.33B YoY+0.0%	3.33B YoY+0.1%	3.33B YoY+0.0%	3.33B YoY+0.0%	3.33B YoY+0.2%
	3.34B YoY+0.1%	3.34B YoY+0.3%	3.33B YoY-0.1%	3.33B YoY+0.1%	3.33B YoY+0.2%
Dividends per share	$0.29 YoY+13.7%	$0.26 YoY+0.3%	$0.25 YoY+2.9%	$0.25 YoY+6.0%	$0.23 YoY+43.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	15.6B YoY+11.5%	14.0B YoY-8.9%	15.4B YoY-7.8%	16.7B YoY-13.9%	19.3B YoY+6.1%
Cash & equivalents	4.78B YoY+19.9%	3.98B YoY+14.1%	3.49B YoY-5.1%	3.68B YoY-38.5%	5.98B YoY+12.6%
Inventory	2.55B YoY+3.6%	2.46B YoY-31.2%	3.58B YoY-18.6%	4.39B YoY+13.0%	3.89B YoY+13.7%
	30.4B YoY+14.4%	26.5B YoY-9.9%	29.4B YoY-12.1%	33.5B YoY-0.9%	33.8B YoY+2.3%
Property, plant & equipment	956M YoY-0.1%	957M YoY-20.9%	1.21B YoY-11.4%	1.36B YoY-9.2%	1.50B YoY-7.8%
Goodwill	5.10B YoY+0.2%	5.09B YoY-3.1%	5.25B YoY-35.3%	8.11B YoY+91.8%	4.23B YoY-0.6%
Total non-current assets	14.8B YoY+17.7%	12.5B YoY-11.0%	14.1B YoY-16.4%	16.8B YoY+16.4%	14.5B YoY-2.3%
	12.1B YoY+0.8%	12.0B YoY-6.7%	12.8B YoY-8.1%	14.0B YoY-0.6%	14.0B YoY+0.9%
Short-term & current debt	56.3M YoY-84.3%	359M YoY-59.8%	892M YoY+224.7%	275M YoY-73.8%	1.05B YoY+63.1%
Long-term debt	3.17B YoY+9.5%	2.89B YoY-0.1%	2.90B YoY+12.1%	2.58B YoY+5.0%	2.46B YoY-9.0%
	11.9B YoY+39.2%	8.55B YoY-12.5%	9.78B YoY-24.3%	12.9B YoY+7.4%	12.0B YoY+14.1%
Total equity incl. non-controlling	12.0B YoY+42.1%	8.44B YoY-12.6%	9.66B YoY-24.4%	12.8B YoY+7.8%	11.8B YoY+14.3%
	3.37B YoY+0.7%	3.35B YoY+0.1%	3.34B YoY+0.3%	3.33B YoY+0.0%	3.33B YoY+0.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.35B YoY-23.3%	4.37B YoY+546.6%	676M YoY-77.8%	3.05B YoY-33.0%	4.55B YoY+44.8%
Depreciation & amortization	907M YoY-4.2%	947M YoY-9.9%	1.05B YoY+4.8%	1.00B YoY+1.7%	986M YoY+13.7%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Long-term debt issued	40.5M YoY-88.1%	342M YoY-81.6%	1.86B YoY+74.8%	1.06B YoY+15.7%	919M YoY+162.5%
Long-term debt repaid	360M YoY-76.1%	1.50B YoY+102.5%	743M YoY-53.1%	1.59B YoY+134.8%	675M YoY-31.3%
Common stock issued	11.8M YoY+494.9%	1.99M YoY-57.9%	4.71M	0.00	0.00
Common stock repurchased	0.00 YoY-100.0%	1.99M YoY-57.9%	4.71M	0.00	0.00
Dividends paid	967M YoY-89.3%	9.00B YoY+949.0%	858M YoY+3.1%	832M YoY+3.6%	803M YoY+23.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	32.3B YoY+19.8%	26.9B YoY+28.1%	21.0B YoY+7.9%	19.5B YoY-46.3%	36.2B YoY-8.9%
P/E	11.0× YoY-98.6%	761.2× YoY+6749.0%	11.1× YoY+53.0%	7.3× YoY-46.3%	13.5× YoY-34.8%
P/S	1.3× YoY+16.5%	1.1× YoY+46.8%	0.8× YoY+8.9%	0.7× YoY-46.3%	1.3× YoY-15.0%
P/B	2.7× YoY-13.9%	3.1× YoY+93.5%	1.6× YoY+0.5%	1.6× YoY-46.3%	3.0× YoY-20.1%
	9.1% YoY+6799.6%	0.13% YoY-98.5%	9.0% YoY-34.6%	13.8% YoY+86.1%	7.4% YoY+53.4%
	3.0% YoY-5.1%	3.2% YoY-21.6%	4.0% YoY-4.6%	4.2% YoY+97.3%	2.1% YoY+57.2%
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: ERIC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ERIC filings on SEC EDGAR → Not investment advice.