Koninklijke Philips NV key statistics and ratios

In fiscal 2025, Koninklijke Philips NV had return on equity of 8.0%, an operating margin of 8.0%, debt equal to 73.8% of equity and a current ratio of 1.32. 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.

Koninklijke Philips NV: 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	42.9%	45.6%	46.0%	47.2%	46.1%	45.2%	41.8%	40.4%	41.0%	43.1%	45.2%
Operating margin	3.9%	8.4%	8.5%	9.5%	8.0%	7.3%	3.2%	−8.6%	−0.6%	2.9%	8.0%
Net margin	3.7%	8.3%	9.3%	6.0%	6.8%	6.9%	19.3%	−9.0%	−2.6%	−3.9%	5.0%
Return on equity	5.5%	12.4%	13.6%	9.1%	9.3%	9.5%	25.4%	−11.1%	−3.7%	−5.9%	8.0%
Return on assets	—	4.7%	5.8%	4.3%	4.3%	4.2%	11.4%	−5.0%	−1.5%	−2.4%	3.3%
Asset turnover	—	0.57	0.62	0.71	0.64	0.62	0.59	0.55	0.60	0.62	0.65
Current ratio	—	1.34	1.47	1.21	1.36	1.45	1.39	1.29	1.20	1.23	1.32
Debt to equity	49.6%	44.7%	39.4%	39.9%	43.2%	58.4%	48.3%	61.9%	63.9%	63.6%	73.8%
Interest cover (operating income ÷ interest)	1.9x	4.3x	6.8x	9.1x	7.0x	7.3x	3.5x	n/m	n/m	1.8x	4.9x
Effective tax rate	51.4%	19.6%	25.3%	12.8%	20.7%	17.5%	−20.2%	—	—	—	23.9%
R&D as % of revenue	9.3%	9.6%	9.9%	9.7%	10.4%	10.5%	10.5%	11.7%	10.4%	9.7%	9.5%
Capital spending as % of revenue	−2.6%	−2.1%	2.4%	2.3%	2.8%	2.8%	2.3%	2.5%	1.9%	1.8%	1.5%

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

2 of 6 checks passed · December 31, 2025

What it owns · $31.6bn

Short-term assets $11.7bnLonger-term assets $20.0bn

What it owes, and who funded it · $31.6bn

Short-term liabilities $8.8bnLonger-term liabilities $9.9bnShareholders' equity $12.9bn

Short-term assets cover short-term liabilities $11.7bn of assets due within a year against $8.8bn of liabilities due within a year.
Short-term assets cover long-term liabilities $11.7bn short-term assets against $9.9bn of longer-dated liabilities.
More cash than debt $3.3bn of cash against $9.5bn of debt.
Debt below 40% of shareholders' equity Debt is 74% of equity.
Debt burden no higher than five years ago Debt to equity moved from 48% to 74% over five years.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $1.6bn against $326m of interest.

From Koninklijke Philips NV'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: Low.

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 Koninklijke Philips NV'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 Koninklijke Philips NV.