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German maker of luxury cars and motorcycles (BMW, Mini, Rolls-Royce), selling premium sedans, SUVs and EVs worldwide.
German maker of luxury cars and motorcycles (BMW, Mini, Rolls-Royce), selling premium sedans, SUVs and EVs worldwide.
Sells cars and motorcycles through dealers and finances buyers through its own bank, which carries a meaningful share of earnings. The Quandt family, led by Stefan Quandt and Susanne Klatten, holds close to half the shares. In 2022 it raised its stake in its Chinese joint venture to a majority, bringing it into the group accounts.
Moat: narrow (brand, distribution, installed base). Strong performance-luxury brand and dealer network, though facing EV/China competitive pressure.
Headquarters: Munich, Germany · Founded: 1916 · Employees: 154,540
Size Bayerische Motoren Werke (BMW.DE) is a Germany Consumer Discretionary company (Motor Vehicles) with a market value of $40.3B, the 21st largest of 205 Germany companies the cockpit tracks. Shares closed at €59.36 on 6 Nov 2026.
Performance Over six months the shares fell 22.3%, against -0.2% for the median peer and +2.6% for the Germany market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 6.2% over the last twelve months (peer median +6.0%); the operating margin is 6.3% (peer median 6.1%).
Valuation It trades at 9.7× forward earnings against a peer median of 10.6× (10th cheapest of 20).
Capital Return on invested capital runs 2.2 points below its cost of capital (5.0% WACC).
Credit Bayerische Motoren Werke has 16 bonds outstanding ($9.90B), rated A by the agencies and trading like BBB+ at a weighted spread of 77 bp.
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €128B | €133B | €142B | €155B | €143B |
| Revenue growth | — | -6% | -8% | +9% | — |
| Gross profit | €18.3B | €27.4B | €30.5B | €37.2B | €31.2B |
| EBITDA | €17.2B | €18.6B | €20.2B | €27.5B | €22.6B |
| Net income | €6.30B | €7.29B | €7.29B | €11.3B | €17.9B |
| Free cash flow | -€5.51B | -€2.98B | -€4.83B | €6.47B | €14.3B |
| Capital expenditure | €9.31B | €11.0B | €12.2B | €10.9B | €9.05B |
| Total debt | €117B | €106B | €105B | €89.6B | €88.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bayerische Motoren Werke BMW.DE | $40.3B | -22% | -6% | 6% | 9.7× | n/a |
| Mercedes-Benz MBG.DE | $44.9B | -19% | -7% | 5% | 7.9× | 4.5% |
| Volkswagen VOW.DE | $39.1B | -24% | -3% | 7% | 5.5× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 176.4× | n/a |
| Toyota Motor 7203.T | $251B | +10% | +7% | 7% | 10.6× | n/a |
| Volvo Car VOLCAR-B.ST | $3.63B | -45% | -17% | 0% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BMW.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.8% | +5.6% | 4th highest of 21 |
| 6-month return | -22.3% | -0.2% | 6th lowest of 21 |
| Distance from 52-week high | -39.4% | -18.8% | 5th lowest of 21 |
| Revenue growth (TTM) | -6.2% | +6.0% | 4th lowest of 21 |
| Operating margin | 6.3% | 6.1% | 11th highest of 21 |
| Forward P/E | 9.7× | 10.6× | 10th cheapest of 20 |
| ROIC minus cost of capital | -2.2 pp | -0.9 pp | 9th lowest of 21 |
| EV / EBITDA | 7.9× | 10.7× | 5th cheapest of 16 |
| Net debt / EBITDA | 5.7× | 3.3× | 5th most indebted of 16 |
| Bond spread | 77 bp | 110 bp | 2nd tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bayerische Motoren Werke BMW.DE | Germany | $40.3B | -22% | -6% | 6% | 9.7× | n/a | n/a |
| Volkswagen VOW.DE | Germany | $39.1B | -24% | -3% | 7% | 5.5× | n/a | n/a |
| Maruti Suzuki India MARUTI.NS | India | $42.3B | -7% | +30% | 7% | 30.1× | 27.7% | +21.1% |
| Mahindra & Mahindra M&M.NS | India | $43.1B | -2% | +26% | 15% | 24.0× | 13.6% | +21.5% |
| Mercedes-Benz MBG.DE | Germany | $44.9B | -19% | -7% | 5% | 7.9× | 4.5% | +1.7% |
| Honda Motor 7267.T | Japan | $45.2B | +45% | +4% | -1% | 11.7× | 18.2% | +10.6% |
| Daimler Truck DTG.DE | Germany | $34.7B | -1% | -14% | 5% | 10.6× | 9.8% | +4.8% |
| HyundaiMtr 005380.KS | South Korea | $47.5B | -47% | +1% | 5% | 7.3× | n/a | n/a |
| Porsche P911.DE | Germany | $47.8B | 0% | -10% | 6% | 22.9× | 17.3% | +4.8% |
| Ford Motor F | United States | $48.8B | +2% | -1% | 2% | 7.0× | 25.6% | +8.1% |
| Bajaj Auto BAJAJ-AUTO.NS | India | $31.7B | +3% | +48% | 19% | 24.0× | 27.3% | +17.4% |
| Kia 000270.KS | South Korea | $28.3B | -34% | +8% | 7% | 5.4× | -12.9% | +14.0% |
| Suzuki Motor 7269.T | Japan | $27.3B | +26% | +14% | 9% | 9.1× | -0.8% | +14.6% |
| TVS Motor TVSMOTOR.NS | India | $22.6B | +21% | +34% | 12% | 42.5× | n/a | n/a |
| General Motors GM | United States | $72.7B | +10% | 0% | 2% | 6.1× | 23.9% | +8.6% |
| Eicher Motors EICHERMOT.NS | India | $22.3B | +5% | +28% | 21% | 33.0× | 36.0% | +21.8% |
| Geely Auto 0175.HK | Hong Kong | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% | +29.3% |
| Rivian Automotive RIVN | United States | $19.9B | -4% | +11% | -53% | n/a | n/a | n/a |
| Traton 8TRA.DE | Germany | $18.9B | +2% | +1% | 6% | 6.1× | n/a | n/a |
| Hyundai Motor India HYUNDAI.NS | India | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% | +11.8% |
| SAIC Motor 600104.SS | China | $17.8B | -24% | -3% | 2% | 11.9× | -14.7% | -2.4% |
Bayerische Motoren Werke has 16 bonds outstanding with $9.90B face value. The agencies rate it A; its bonds trade like BBB+. Weighted yield 5.40%, a spread of 77 bp over government bonds.