SIE Balance Sheet - Siemens AG

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Price: 276.6 EUR 0.38% Market Closed

Market Cap: €216.6B

S	Siemens AG XMUN:SIE	DE
K	Korn Ferry F:KFY	US
	Takashimaya Co Ltd OTC:TKSHF	JP
K	Kirin Holdings Co Ltd DUS:KIR	JP
I	IHI Corp OTC:IHICF	JP
	Zscaler Inc F:0ZC	US

Financial profile · Q3 FY2026

A diversified industrial platform with expanding margins and cash generation

Siemens has built a broad industrial model that combines multi-year revenue expansion with improving operating leverage. Its reported history also shows substantial operating and free cash flow generation while capital expenditures remain moderate relative to sales.

What is developing

The quarter ended June 30, 2026 extended the established growth-and-cash-generation pattern, but with a sharper quarterly improvement in operating margin and cash flow. This strengthens the evidence of operating leverage without indicating a fundamental change in Siemens’ capital and cash-conversion model.

What matters next

Whether the stronger quarterly margin and cash conversion persist as growth continues across the industrial portfolio.

Metric	FY2016 Sep 2016	FY2017 Sep 2017	FY2018 Sep 2018	FY2019 Sep 2019	FY2020 Sep 2020	FY2021 Sep 2021	FY2022 Sep 2022	FY2023 Sep 2023	FY2024 Sep 2024	FY2025 Sep 2025
Cash & Cash Equivalents	10.6B	8.4B	11.1B	12.4B	14B	9.5B	10.5B	10.1B	9.2B	14.5B
Cash Equivalents	10.6B	8.4B	11.1B	12.4B	14B	9.5B	10.5B	10.1B	9.2B	14.5B
Short-Term Investments	2.4B	2.4B	2B	2B	2.7B	2.5B	2.5B	10.6B	2.3B	2.2B
Total Receivables	22B	32.6B	35.2B	38.2B	26B	29B	31.9B	26.3B	34.7B	35.2B
Accounts Receivables	14.3B	23.6B	25.5B	27.2B	17.6B	19.9B	22.2B	25B	22.9B	22.7B
Other Receivables	7.7B	9B	9.7B	11B	8.4B	9.1B	9.7B	1.4B	11.7B	12.5B
Inventory	18.2B	13.9B	13.9B	14.8B	7.8B	8.8B	10.6B	11.5B	10.9B	10.6B
Other Current Assets	2.2B	3.5B	2.4B	3B	2.4B	2.4B	3.3B	2.1B	4.3B	2.3B
Total Current Assets	55.3B	60.8B	64.6B	70.4B	53B	52.3B	58.8B	60.6B	61.4B	64.7B
PP&E Net	10.2B	11B	11.4B	12.2B	10.3B	11B	11.7B	11.9B	12.2B	13B
PP&E Gross	10.2B	11B	11.4B	12.2B	10.3B	11B	11.7B	11.9B	12.2B	13B
Accumulated Depreciation	(15.6B)	(16B)	(16.7B)	(17.8B)	(13.2B)	(13.6B)	(15.2B)	(15.3B)	(14.8B)	(15.3B)
Intangible Assets	7.7B	10.9B	10.1B	9.8B	4.8B	10.8B	12.2B	10.6B	9.6B	12.2B
Goodwill	24.2B	27.9B	28.3B	30.2B	20.4B	29.7B	33.9B	32.2B	31.4B	40.7B
Note Receivable	15.4B	14.8B	15.6B	16.5B	18.4B	19.1B	20.8B	19.5B	19.4B	18.9B
Long-Term Investments	5.9B	5.2B	3.5B	3.3B	10.2B	9.8B	7.2B	25.9B	7.9B	11.8B
Other Long-Term Assets	7B	5.6B	5.4B	7.9B	6.8B	6.6B	6.9B	3.8B	6B	4.9B
Other Assets	24.2B	27.9B	28.3B	30.2B	20.4B	29.7B	33.9B	32.2B	31.4B	40.7B
Total Assets	125.7B	136.1B	138.9B	150.2B	123.9B	139.4B	151.5B	145.1B	147.8B	166.2B
Accounts Payable	8B	9.8B	10.7B	11.4B	7.9B	8.8B	10.3B	10.1B	8.8B	9.2B
Accrued Liabilities	6.6B	6.6B	7B	7B	4.8B	5.9B	5.7B	6.1B	5.8B	5.9B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	6.2B	5.4B	5.1B	6B	6.6B	7.8B	6.7B	7.5B	6.6B	11.2B
Other Current Liabilities	22.1B	24.3B	25.1B	26.2B	14.9B	17.4B	20B	27.3B	22.6B	21B
Deferred Revenue	10.9B	14.4B	14.6B	16.6B	7.6B	10B	12.1B	12.6B	13B	12.9B
Total Current Liabilities	42.9B	46.1B	47.9B	50.7B	34.1B	40B	42.7B	44.9B	43.9B	47.3B
Long-Term Debt	24.8B	26.8B	27.1B	30.4B	38B	40.9B	44B	39.1B	41.3B	44.8B
Deferred Income Tax	829m	1.6B	1.1B	1.3B	664m	2.3B	2.4B	1.7B	1.5B	1.3B
Minority Interest	605m	1.4B	2.6B	2.9B	3.4B	4.8B	5.9B	5.3B	5B	6.1B
Other Liabilities	22.4B	17B	14.8B	16.8B	11.3B	7.2B	7.7B	6.3B	4.9B	4.5B
Total Liabilities	91.5B	92.9B	93.4B	102.1B	87.5B	95.2B	102.6B	97.3B	96.5B	104B
Common Stock	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B	2.4B	2.4B	2.4B
Retained Earnings	27.5B	35.8B	41B	41.8B	33.1B	39.6B	39B	44.3B	47.4B	57.5B
Additional Paid In Capital	5.9B	6.4B	6.2B	6.3B	6.8B	7B	7.2B	7.4B	7.8B	7.9B
Unrealized Security Profit/Loss	1.2B	1.8B	24m	(49m)	(42m)	(13m)	(12m)	(53m)	2.9B	7.3B
Treasury Stock	(3.6B)	(3.2B)	(3.9B)	(3.7B)	(4.6B)	(4.8B)	(5.9B)	(1.2B)	(2.2B)	(3.5B)
Other Equity	762m	(180m)	(377m)	1.2B	(1.4B)	(220m)	6.2B	2.3B	702m	(1.5B)
Total Equity	34.2B	43.2B	45.5B	48.1B	36.4B	44.2B	48.9B	47.8B	51.3B	62.2B
Total Liabilities & Equity	125.7B	136.1B	138.9B	150.2B	123.9B	139.4B	151.5B	145.1B	147.8B	166.2B
Common Shares Outstanding	808.3m	815.5m	810m	812.8m	799.3m	802.4m	792.5m	789.9m	784.9m	780.3m