Overview
Thule Group AB is a Swedish company primarily engaged in the design and manufacturing of outdoor and transportation products. The core of its product lineup includes roof racks, bike carriers, rooftop tents, and various carriers for water sports equipment, which cater to enthusiasts aiming for easier transportation and enhanced adventure experiences. Known for its strong emphasis on safety, durability, and functionality, Thule Group operates on a global scale, distributing its products in numerous markets worldwide. Key projects for the company have focused on sustainable design and innovative integrations of modern technology into its product lines, enhancing user convenience and environmental responsibility. This strategic focus has positioned Thule as a leader in the outdoor and transportation accessories industry.
Quality, Value, Momentum Scores
This card shows the Quality, Value, and Momentum scores for the company
Income Statement: Revenue, Operating Income, Net Income
- The revenue for Thule Group AB (publ) as of 30 June 2025 is 10,087.00 MM.
- The operating income for Thule Group AB (publ) as of 30 June 2025 is 1,608.00 MM.
- The net income for Thule Group AB (publ) as of 30 June 2025 is 1,042.00 MM.
| Period End (TTM) | Revenue (MM) | Operating Income (MM) | Net Income (MM) |
| 2025-06-30 | 10,087.00 | 1,608.00 | 1,042.00 |
| 2025-03-31 | 9,783.00 | 1,606.00 | 1,088.00 |
| 2024-12-31 | 9,541.00 | 1,616.00 | 1,122.00 |
| 2024-09-30 | 9,429.00 | 1,605.00 | 1,183.00 |
| 2024-06-30 | 9,396.00 | 1,549.00 | 1,144.00 |
| 2024-03-31 | 9,326.00 | 1,528.00 | 1,124.00 |
| 2023-12-31 | 9,132.00 | 1,499.00 | 1,099.00 |
| 2023-09-30 | 9,217.00 | 1,451.00 | 1,059.00 |
| 2023-06-30 | 9,045.00 | 1,286.00 | 935.00 |
| 2023-03-31 | 9,330.00 | 1,391.00 | 1,023.00 |
| 2022-12-31 | 10,138.00 | 1,702.00 | 1,275.00 |
| 2022-09-30 | 10,333.00 | 1,874.00 | 1,445.00 |
| 2022-06-30 | 10,966.00 | 2,353.00 | 1,824.00 |
| 2022-03-31 | 10,882.00 | 2,423.00 | 1,870.00 |
| 2021-12-31 | 10,386.00 | 2,323.00 | 1,790.00 |
| 2021-09-30 | 10,145.00 | 2,389.00 | 1,800.00 |
| 2021-06-30 | 9,809.00 | 2,312.00 | 1,732.00 |
| 2021-03-31 | 8,622.00 | 1,856.00 | 1,372.00 |
| 2020-12-31 | 7,828.00 | 1,588.00 | 1,166.00 |
| 2020-09-30 | 7,434.00 | 1,393.00 | 1,031.00 |
| 2020-06-30 |
Income Statement: EPS
| Period End (TTM) | Earnings Per Share Basic | Earnings Per Share Diluted |
| 2025-06-30 | ||
| 2025-03-31 | ||
| 2024-12-31 | 10.59 | 10.59 |
| 2024-09-30 | 11.19 | 11.18 |
| 2024-06-30 | ||
| 2024-03-31 | 10.66 | 10.65 |
| 2023-12-31 | 10.45 | 10.44 |
| 2023-09-30 | 10.10 | 10.08 |
| 2023-06-30 | 8.94 | 8.92 |
| 2023-03-31 | 9.78 | 9.74 |
| 2022-12-31 | 12.19 | 12.12 |
| 2022-09-30 | 13.82 | 13.71 |
| 2022-06-30 | 17.44 | 17.27 |
| 2022-03-31 | 17.88 | 17.70 |
| 2021-12-31 | 17.12 | 16.95 |
| 2021-09-30 | 17.21 | 17.06 |
| 2021-06-30 | 16.58 | 16.49 |
| 2021-03-31 | 13.18 | 13.13 |
| 2020-12-31 | 11.23 | 11.21 |
| 2020-09-30 | 9.97 | 9.97 |
| 2020-06-30 | 7.39 | 7.39 |
Cash Flow: Operations, Investing, Financing
- The cash from operating activities for Thule Group AB (publ) as of 30 June 2025 is 1,751.00 MM.
- The cash from investing activities for Thule Group AB (publ) as of 30 June 2025 is -3,048.00 MM.
- The cash from financing activities for Thule Group AB (publ) as of 30 June 2025 is 1,305.00 MM.
| Period End (TTM) | Cash From Operating Activities (MM) | Cash From Investing Activities (MM) | Cash From Financing Activities (MM) |
| 2025-06-30 | 1,751.00 | -3,048.00 | 1,305.00 |
| 2025-03-31 | 1,887.00 | -3,107.00 | 1,502.00 |
| 2024-12-31 | 2,310.00 | -3,099.00 | 1,102.00 |
| 2024-09-30 | 2,199.00 | -274.00 | -1,765.00 |
| 2024-06-30 | 2,082.00 | -293.00 | -1,643.00 |
| 2024-03-31 | 1,920.00 | -224.00 | -1,680.00 |
| 2023-12-31 | 1,850.00 | -251.00 | -1,679.00 |
| 2023-09-30 | 1,685.00 | -233.00 | -1,589.00 |
| 2023-06-30 | 1,390.00 | -310.00 | -976.00 |
| 2023-03-31 | 1,161.00 | -375.00 | -1,040.00 |
| 2022-12-31 | 616.00 | -464.00 | -136.00 |
| 2022-09-30 | 161.00 | -550.00 | 634.00 |
| 2022-06-30 | 152.00 | -526.00 | 160.00 |
| 2022-03-31 | 530.00 | -595.00 | -289.00 |
| 2021-12-31 | 1,128.00 | -503.00 | -1,186.00 |
| 2021-09-30 | 1,792.00 | -404.00 | -1,774.00 |
| 2021-06-30 | 2,022.00 | -324.00 | -2,928.00 |
| 2021-03-31 | 1,678.00 | -176.00 | -1,850.00 |
| 2020-12-31 | 1,614.00 | -170.00 | -1,001.00 |
| 2020-09-30 | 1,469.00 | -184.00 | -855.00 |
| 2020-06-30 |
Valuation Metrics : PE, PriceToBook, PriceToTBV
- The p/e for Thule Group AB (publ) as of 30 June 2025 is 26.96.
- The p/book for Thule Group AB (publ) as of 30 June 2025 is 3.84.
- The p/tbv for Thule Group AB (publ) as of 30 June 2025 is -85.27.
- P/Book
- The current closing price divided by the book value per share.
- P/TBV
- The current price divided by the tangible book value per share.
| Period End (TTM) | p/e | P/Book | P/TBV |
| 2025-06-30 | 26.96 | 3.84 | -85.27 |
| 2025-03-31 | 28.12 | 3.90 | -3.96 |
| 2024-12-31 | 30.55 | 5.08 | 17.19 |
| 2024-09-30 | 28.48 | 4.25 | 13.33 |
| 2024-06-30 | 26.34 | 3.93 | -12.05 |
| 2024-03-31 | 26.09 | 4.19 | 14.62 |
| 2023-12-31 | 27.08 | 3.94 | 13.66 |
| 2023-09-30 | 30.63 | 4.02 | 15.41 |
| 2023-06-30 | 31.58 | 4.15 | 15.88 |
| 2023-03-31 | 28.86 | 4.32 | 16.19 |
| 2022-12-31 | 19.62 | 4.24 | 17.33 |
| 2022-09-30 | 20.43 | 4.42 | 18.05 |
| 2022-06-30 | 16.19 | 4.79 | 22.37 |
| 2022-03-31 | 15.79 | 4.57 | 16.00 |
| 2021-12-31 | 15.75 | 5.11 | 26.55 |
| 2021-09-30 | 16.40 | 5.32 | 27.65 |
| 2021-06-30 | 17.05 | 5.95 | 55.61 |
| 2021-03-31 | 21.52 | 4.95 | 20.06 |
| 2020-12-31 | 27.50 | 5.22 | 32.90 |
| 2020-09-30 | 28.64 | 5.44 | 34.26 |
| 2020-06-30 | 38.20 | 6.07 | 147.21 |
Valuation Metrics : EBitToEv, EBit3YrAvgToEv
- The ebit/ev for Thule Group AB (publ) as of 30 June 2025 is 0.04.
- The ebit (3y)/ev for Thule Group AB (publ) as of 30 June 2025 is 0.04.
| Period End (TTM) | EBIT/EV | EBIT (3y)/EV |
| 2025-06-30 | 0.04 | 0.04 |
| 2025-03-31 | 0.04 | 0.04 |
| 2024-12-31 | 0.04 | 0.04 |
| 2024-09-30 | 0.04 | 0.05 |
| 2024-06-30 | 0.05 | 0.05 |
| 2024-03-31 | 0.05 | 0.06 |
| 2023-12-31 | 0.05 | 0.06 |
| 2023-09-30 | 0.04 | 0.06 |
| 2023-06-30 | 0.04 | 0.06 |
| 2023-03-31 | 0.04 | 0.06 |
| 2022-12-31 | 0.06 | 0.06 |
| 2022-09-30 | 0.06 | 0.06 |
| 2022-06-30 | 0.07 | 0.06 |
| 2022-03-31 | 0.08 | 0.06 |
| 2021-12-31 | 0.08 | 0.06 |
| 2021-09-30 | 0.08 | 0.05 |
| 2021-06-30 | 0.07 | 0.05 |
| 2021-03-31 | 0.06 | 0.05 |
| 2020-12-31 | 0.05 | 0.04 |
| 2020-09-30 | 0.04 | 0.04 |
| 2020-06-30 | 0.03 | 0.04 |
Management Effectiveness
- The roa for Thule Group AB (publ) as of 30 June 2025 is 0.09.
- The roe for Thule Group AB (publ) as of 30 June 2025 is 0.14.
- The roic for Thule Group AB (publ) as of 30 June 2025 is 0.09.
- The croic for Thule Group AB (publ) as of 30 June 2025 is 0.02.
- The ocroic for Thule Group AB (publ) as of 30 June 2025 is 0.15.
| Period End (TTM) | ROA | ROE | ROIC | CROIC | OCROIC |
| 2025-06-30 | 0.09 | 0.14 | 0.09 | 0.02 | 0.15 |
| 2025-03-31 | 0.09 | 0.15 | 0.09 | 0.02 | 0.18 |
| 2024-12-31 | 0.10 | 0.16 | 0.13 | 0.02 | 0.25 |
| 2024-09-30 | 0.10 | 0.16 | 0.12 | 0.00 | 0.20 |
| 2024-06-30 | 0.09 | 0.16 | 0.12 | 0.00 | 0.20 |
| 2024-03-31 | 0.09 | 0.17 | 0.12 | -0.01 | 0.21 |
| 2023-12-31 | 0.08 | 0.16 | 0.11 | -0.01 | 0.17 |
| 2023-09-30 | 0.08 | 0.15 | 0.09 | 0.01 | 0.14 |
| 2023-06-30 | 0.08 | 0.15 | 0.09 | 0.01 | 0.14 |
| 2023-03-31 | 0.11 | 0.16 | 0.10 | -0.02 | 0.12 |
| 2022-12-31 | 0.15 | 0.26 | 0.15 | 0.03 | 0.02 |
| 2022-09-30 | 0.18 | 0.26 | 0.15 | 0.03 | 0.02 |
| 2022-06-30 | 0.20 | 0.37 | 0.21 | -0.02 | 0.02 |
| 2022-03-31 | 0.19 | 0.31 | 0.23 | -0.04 | 0.06 |
| 2021-12-31 | 0.19 | 0.33 | 0.27 | -0.06 | 0.27 |
| 2021-09-30 | 0.19 | 0.33 | 0.26 | -0.06 | 0.32 |
| 2021-06-30 | 0.17 | 0.36 | 0.28 | -0.20 | 0.33 |
| 2021-03-31 | 0.14 | 0.29 | 0.19 | -0.05 | 0.23 |
| 2020-12-31 | 0.12 | 0.23 | 0.14 | 0.06 | 0.21 |
| 2020-09-30 | 0.12 | 0.23 | 0.14 | 0.06 | 0.21 |
| 2020-06-30 | 0.09 | 0.19 | 0.09 | 0.16 | 0.16 |
Gross Margins
- The gross margin for Thule Group AB (publ) as of 30 June 2025 is 0.44.
- The net margin for Thule Group AB (publ) as of 30 June 2025 is 0.11.
- The operating margin for Thule Group AB (publ) as of 30 June 2025 is 0.16.
- Gross Margin
- The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.
- Net Margin
- The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.
- Operating Margin
- The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.
| Period End (TTM) | Gross Margin | Net Margin | Operating Margin |
| 2025-06-30 | 0.44 | 0.11 | 0.16 |
| 2025-03-31 | 0.43 | 0.12 | 0.16 |
| 2024-12-31 | 0.42 | 0.13 | 0.17 |
| 2024-09-30 | 0.41 | 0.12 | 0.16 |
| 2024-06-30 | 0.41 | 0.12 | 0.16 |
| 2024-03-31 | 0.41 | 0.12 | 0.16 |
| 2023-12-31 | 0.40 | 0.11 | 0.16 |
| 2023-09-30 | 0.38 | 0.10 | 0.14 |
| 2023-06-30 | 0.38 | 0.10 | 0.14 |
| 2023-03-31 | 0.38 | 0.11 | 0.15 |
| 2022-12-31 | 0.38 | 0.14 | 0.18 |
| 2022-09-30 | 0.40 | 0.14 | 0.18 |
| 2022-06-30 | 0.40 | 0.17 | 0.21 |
| 2022-03-31 | 0.40 | 0.17 | 0.22 |
| 2021-12-31 | 0.41 | 0.18 | 0.24 |
| 2021-09-30 | 0.42 | 0.18 | 0.24 |
| 2021-06-30 | 0.42 | 0.18 | 0.24 |
| 2021-03-31 | 0.41 | 0.16 | 0.22 |
| 2020-12-31 | 0.41 | 0.14 | 0.19 |
| 2020-09-30 | 0.41 | 0.14 | 0.19 |
| 2020-06-30 | 0.40 | 0.11 | 0.16 |
Identifiers and Descriptors
| Central Index Key (CIK) |
