Stevanato Group S.p.a. key statistics and ratios

In fiscal 2025, Stevanato Group S.p.a. had return on equity of 9.9%, an operating margin of 16.8%, debt equal to 30.6% of equity and a current ratio of 1.76. 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.

Stevanato Group S.p.a.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	25.7%	29.3%	31.4%	32.5%	31.3%	27.4%	29.0%
Operating margin	11.6%	15.6%	19.2%	19.6%	18.5%	14.6%	16.8%
Net margin	7.3%	11.9%	15.9%	14.5%	13.4%	10.7%	11.8%
Free-cash-flow margin	−4.8%	10.0%	3.0%	−13.4%	−30.2%	−13.3%	1.9%
Return on equity	14.7%	26.4%	23.8%	14.9%	13.6%	9.4%	9.9%
Return on assets	—	7.6%	11.4%	8.9%	7.7%	5.4%	5.9%
Asset turnover	—	0.64	0.72	0.61	0.58	0.51	0.50
Current ratio	—	1.56	2.56	1.83	1.50	1.84	1.76
Debt to equity	0.0%	108.4%	26.2%	19.8%	33.3%	29.3%	30.6%
Interest cover (operating income ÷ interest)	15.1x	19.3x	37.9x	57.2x	53.8x	26.4x	35.4x
Effective tax rate	29.3%	18.4%	19.0%	23.8%	23.1%	26.5%	26.1%
R&D as % of revenue	1.5%	2.6%	3.5%	3.5%	3.3%	2.9%	2.1%
Capital spending as % of revenue	12.7%	13.5%	12.8%	23.9%	39.9%	27.4%	22.2%
Free cash flow ÷ net income	−65.1%	84.2%	19.1%	−92.2%	−225.2%	−124.7%	16.0%
Dividends ÷ net income	15.7%	11.3%	8.3%	9.5%	9.8%	12.3%	10.5%
Dividends and buybacks ÷ free cash flow	—	13.5%	43.7%	—	—	—	66.0%

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

3 of 3 checks passed · December 31, 2025

What it owns · $3.0bn

Short-term assets $1.1bnLonger-term assets $1.9bn

What it owes, and who funded it · $3.0bn

Short-term liabilities $629mLonger-term liabilities $612mShareholders' equity $1.7bn

Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $629m of liabilities due within a year.
Short-term assets cover long-term liabilities $1.1bn short-term assets against $612m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
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 $225m against $6m of interest.

From Stevanato Group S.p.a.'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.

Compare with peers

Head to head: HAE vs STVN PEN vs STVN MMSI vs STVN

More: Health Care Equipment stocks compared, Health Care sector, rankings of US companies

Figures from Stevanato Group S.p.a.'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 Stevanato Group S.p.a.