Ellomay Capital Ltd. key statistics and ratios

In fiscal 2025, Ellomay Capital Ltd. had return on equity of -1.7%, an operating margin of 43.1%, debt equal to 32.0% of equity and a current ratio of 1.24. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ellomay Capital Ltd.: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	43.8%	44.2%	48.2%	32.9%	31.3%	17.8%	28.7%	24.9%	20.4%	11.8%	16.2%
Operating margin	34.5%	20.4%	21.7%	16.1%	93.0%	−27.6%	10.8%	8.7%	9.3%	22.4%	43.1%
Net margin	65.2%	−5.4%	−48.7%	3.3%	51.5%	−64.0%	−33.8%	−0.7%	4.5%	−16.1%	−5.0%
Free-cash-flow margin	—	18.9%	−38.7%	15.9%	−373.3%	<−999%	−142.2%	−67.6%	−102.9%	−160.5%	−222.7%
Return on equity	9.6%	−0.8%	−8.1%	0.8%	10.4%	−5.2%	−12.6%	−0.3%	2.1%	−5.6%	−1.7%
Return on assets	5.6%	−0.4%	−3.8%	0.3%	3.7%	−1.5%	−3.0%	−0.1%	0.4%	−1.0%	−0.3%
Asset turnover	0.09	0.08	0.08	0.09	0.07	0.02	0.09	0.09	0.08	0.06	0.06
Current ratio	3.32	3.12	3.77	2.80	2.21	2.06	0.41	0.71	1.06	0.73	1.24
Debt to equity	15.0%	22.1%	61.0%	91.6%	87.5%	162.8%	203.1%	286.1%	17.2%	27.9%	32.0%
Interest cover (operating income ÷ interest)	13.3x	4.7x	3.8x	1.2x	44.1x	n/m	13.1x	12.3x	11.1x	27.0x	40.2x
Effective tax rate	−27.3%	—	—	−26.3%	−3.0%	—	—	—	—	—	—
R&D as % of revenue	—	—	—	—	—	—	—	—	9.1%	10.1%	6.2%
Capital spending as % of revenue	—	44.0%	55.6%	20.5%	392.8%	>999%	178.3%	89.3%	120.5%	180.2%	228.4%
Free cash flow ÷ net income	—	—	—	477.2%	−724.4%	—	—	—	<−999%	—	—
Dividends and buybacks ÷ free cash flow	—	97.2%	—	—	—	—	—	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · December 31, 2025

What it owns · $990m

Short-term assets $134mLonger-term assets $856m

What it owes, and who funded it · $961m

Short-term liabilities $108mLonger-term liabilities $688mShareholders' equity $165m

Short-term assets cover short-term liabilities $134m of assets due within a year against $108m of liabilities due within a year.
Short-term assets cover long-term liabilities $134m short-term assets against $688m of longer-dated liabilities.
More cash than debt $103m of cash against $29m of debt.
Debt below 40% of shareholders' equity Debt is 17% of equity.
Debt burden no higher than five years ago Debt to equity moved from 148% to 17% over five years.
A year's operating cash flow covers at least 20% of debt $3m of operating cash flow against $29m of debt.
Operating profit covers interest at least five times over Operating income of $21m against $518,955 of interest.

From Ellomay Capital Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Ellomay Capital Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ellomay Capital Ltd.