SQU Balance Sheet - Vinci SA

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Price: 111.4 EUR 0.63%

Market Cap: €62.7B

V	Vinci SA XMUN:SQU	FR
	LVMH Moet Hennessy Louis Vuitton SE OTC:LVMHF	FR
I	International Container Terminal Services Inc OTC:ICTEF	PH
C	Colliers International Group Inc NASDAQ:CIGI	CA
	Sammaan Capital Ltd NSE:SAMMAANCAP	IN
P	Procter & Gamble Co XMUN:PRG	US
P	Publicis Groupe SA XMUN:PU4	FR
B	Bureau Veritas SA F:4BV	FR
S	Sumitomo Electric Industries Ltd XMUN:SMO	JP
	Credit Agricole SA XETRA:XCA	FR
S	Sun Life Financial Inc XPHS:SLF	CA
D	Diageo PLC BMV:DEON	UK
	UPM-Kymmene Oyj OTC:UPMMY	FI
T	Teck Resources Ltd SWB:TEKB	CA
T	TTM Technologies Inc SWB:TT1	US
	Sika AG OTC:SKFOF	CH
	Kering SA OTC:PPRUY	FR
	Vidrala SA MAD:VID	ES
I	Intercontinental Exchange Inc XETRA:IC2	US
M	Mitsubishi Electric Corp OTC:MIELF	JP

Financial profile · Q2 FY2026

A diversified infrastructure group pairing cash generation with sustained reinvestment

VINCI’s multi-year record shows a diversified model combining concessions, energy solutions and construction, supporting sustained revenue expansion and operating leverage. The group has remained cash generative while funding a substantial investment base and gradually reducing its share count through buybacks.

What is developing

The latest comparable results show operating income, net income, EPS and operating cash flow growing faster than revenue, while capital spending remains broadly stable. This improves current cash conversion and per-share economics without yet changing VINCI’s diversified, capital-intensive financial model.

What matters next

Whether TTM free cash flow remains above €8 billion while TTM capital spending stays near €3.9 billion.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	6.8B	7B	8.2B	8.5B	11.9B	11.3B	13.3B	16.2B	16.1B	18.5B
Cash Equivalents	6.8B	7B	8.2B	8.5B	11.9B	11.3B	13.3B	16.2B	16.1B	18.5B
Short-Term Investments	35m	38m	37m	53m	30m	100m	84m	79m	76m	119m
Total Receivables	11.6B	12.8B	13.9B	14.7B	12.8B	16.1B	18.4B	19B	19.8B	19.9B
Accounts Receivables	6.1B	6.4B	7B	7.7B	6.2B	7.9B	8.6B	8.8B	8.8B	8.7B
Other Receivables	5.5B	6.5B	6.8B	7B	6.5B	8.2B	9.8B	10.2B	11B	11.3B
Inventory	935m	1.1B	1.2B	1.4B	1.4B	1.6B	1.8B	1.9B	1.8B	1.7B
Other Current Assets	5.5B	5.4B	5.3B	5.5B	5.9B	6.3B	7.5B	7.9B	8.5B	8.5B
Total Current Assets	24.9B	26.3B	28.6B	30.2B	32B	35.4B	41.1B	45.1B	46.2B	48.7B
PP&E Net	4.5B	4.4B	5.4B	10.2B	9.8B	10.3B	10.8B	13B	15.3B	16.7B
PP&E Gross	4.5B	4.4B	5.4B	10.2B	9.8B	10.3B	10.8B	13B	15.3B	16.7B
Accumulated Depreciation	(8.5B)	(9B)	(9.5B)	(10.8B)	(12B)	(13.6B)	(14.5B)	(15.5B)	(16.6B)	(17.6B)
Intangible Assets	27.1B	27B	27.8B	34.3B	32.7B	33.8B	37.3B	37B	41.5B	40.3B
Goodwill	8.1B	8.6B	9.8B	11.6B	11.6B	16.1B	17.4B	17.6B	19.5B	20.2B
Note Receivable	—	1B	1.2B	1.4B	1.3B	1.4B	1.4B	1.4B	1.6B	1.8B
Long-Term Investments	2.4B	1.7B	1.8B	2B	2B	2B	2.2B	2.5B	3.2B	3.1B
Other Long-Term Assets	949m	875m	829m	1.4B	1.7B	1.9B	1.9B	1.9B	2.2B	2.3B
Other Assets	8.1B	8.6B	9.8B	11.6B	11.6B	16.1B	17.4B	17.6B	19.5B	20.2B
Total Assets	67.9B	69.8B	75.4B	91.2B	91.2B	100.8B	112B	118.6B	129.5B	133.1B
Accounts Payable	7.7B	8.2B	8.2B	8.5B	8.9B	12B	13.1B	13.6B	14.5B	14.9B
Short-Term Debt	1.1B	2.1B	2.5B	1.7B	1.5B	1.3B	3B	1.4B	1.4B	1.2B
Current Portion of Long-Term Debt	4B	2.6B	2.1B	2.9B	2.5B	4.1B	2.8B	2.5B	3.8B	4.5B
Other Current Liabilities	17B	17.1B	18.3B	20.4B	20.6B	24.7B	29B	32.4B	34.9B	36.9B
Total Current Liabilities	29.8B	30B	31B	33.5B	33.5B	42.1B	47.9B	49.9B	54.5B	57.4B
Long-Term Debt	16.3B	16.6B	19.6B	27.7B	28.1B	26.5B	25.2B	27.5B	31.1B	32.1B
Deferred Income Tax	1.9B	1.7B	1.7B	2.7B	2.6B	3.2B	4.2B	4B	5B	4.8B
Minority Interest	541m	572m	633m	2.6B	2.2B	1.9B	3.5B	3.9B	4.1B	3.6B
Other Liabilities	2.9B	3B	3.2B	4.2B	4B	4.2B	5.3B	5.1B	4.9B	4.5B
Total Liabilities	51.5B	52B	56.2B	70.7B	70.3B	77.9B	86.1B	90.4B	99.5B	102.3B
Common Stock	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B
Retained Earnings	8.1B	9.3B	10.8B	12.5B	11.8B	12.6B	14.1B	15.1B	16.6B	18.4B
Additional Paid In Capital	9.5B	9.9B	10.3B	10.9B	11.5B	12.2B	12.7B	13.4B	14.1B	14.8B
Treasury Stock	(1.6B)	(1.8B)	(2.3B)	(3.1B)	(2.1B)	(2B)	(2.1B)	(1.4B)	(1.6B)	(2.8B)
Other Equity	(944m)	(1.1B)	(1.1B)	(1.4B)	(1.9B)	(1.4B)	(296m)	(473m)	(588m)	(1.1B)
Total Equity	16.5B	17.8B	19.2B	20.4B	20.9B	22.9B	25.9B	28.1B	29.9B	30.8B
Total Liabilities & Equity	67.9B	69.8B	75.4B	91.2B	91.2B	100.8B	112B	118.6B	129.5B	133.1B
Common Shares Outstanding	554.6m	554.9m	554.8m	554.7m	562.1m	567.6m	563.6m	570.8m	562.4m	556m