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German web hosting and cloud company providing domains, hosting and cloud infrastructure mainly to SMEs, spun off from United Internet.
German web hosting and cloud company providing domains, hosting and cloud infrastructure mainly to SMEs, spun off from United Internet.
Billed on monthly or annual subscriptions for domains, website hosting and cloud servers, so revenue builds from the number of customer contracts and what each pays after upgrades. It was listed in 2023, with United Internet keeping a majority.
In one line: A German GoDaddy/OVHcloud hybrid.
Moat: narrow (switching costs, scale, brand). Hosting/domain customers face switching friction; leading European hosting scale keeps costs competitive.
Headquarters: Montabaur, Germany · Founded: 1988 · Employees: 4,115
Size IONOS (IOS.DE) is a Germany Information Technology company (Data Processing Services) with a market value of $5.49B, the 69th largest of 205 Germany companies the cockpit tracks. Shares closed at €34.98 on 6 Nov 2026.
Performance Over six months the shares gained 23.3%, against -29.5% for the median peer and +2.6% for the Germany market (cap-weighted) — 7th highest of 19 in its peer set.
Growth Revenue fell 34.1% over the last twelve months (peer median +8.1%); the operating margin is 22.6% (peer median -0.4%).
Valuation It trades at 19.1× forward earnings against a peer median of 22.5× (7th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.0 points above its cost of capital (7.4% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.12B | €1.32B | €1.25B | €1.42B | €1.29B |
| Revenue growth | — | +6% | -12% | +10% | — |
| Gross profit | n/a | €751M | €680M | €658M | €563M |
| EBITDA | €358M | €447M | €389M | €364M | €317M |
| Net income | €222M | €230M | €170M | €174M | €73.8M |
| Free cash flow | €224M | €278M | €247M | €138M | €91.3M |
| Capital expenditure | €93.9M | €64.5M | €76.9M | €81.7M | €97.1M |
| Total debt | €799M | €903M | €1.09B | €1.27B | €1.37B |
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 |
|---|---|---|---|---|---|---|
| IONOS IOS.DE | $5.49B | +23% | -34% | 23% | 19.1× | 11.0% |
| GoDaddy GDDY | $13.9B | +26% | +7% | 26% | 12.9× | -2.2% |
| OVH Groupe OVH.PA | $2.41B | +17% | +6% | 38% | 46.6× | n/a |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | 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 | IOS.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.2% | -10.9% | 4th highest of 21 |
| 6-month return | +23.3% | -29.5% | 7th highest of 19 |
| Distance from 52-week high | -4.9% | -39.6% | 3rd highest of 21 |
| Revenue growth (TTM) | -34.1% | +8.1% | lowest of 21 |
| Operating margin | 22.6% | -0.4% | 2nd highest of 21 |
| Forward P/E | 19.1× | 22.5× | 7th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 11.0% | 10.9% | 5th most demanding of 10 |
| Growth delivered (Del g) | +5.9% | +5.6% | 5th highest of 10 |
| Hurdle (Req g minus delivered) | +5.0 pp | +6.4 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | +9.0 pp | -7.0 pp | 3rd highest of 21 |
| EV / EBITDA | 15.8× | 15.5× | 6th most expensive of 13 |
| Net debt / EBITDA | 2.1× | 0.7× | 6th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| IONOS IOS.DE | Germany | $5.49B | +23% | -34% | 23% | 19.1× | 11.0% | +5.9% |
| Nextdc NXT.AX | Australia | $5.47B | -30% | +16% | -7% | n/a | n/a | n/a |
| TeraWulf WULF | United States | $5.67B | -51% | +15% | -227% | n/a | n/a | n/a |
| Wangsu Science & Technology 300017.SZ | China | $5.90B | 0% | 0% | 15% | 49.1× | 27.3% | -3.9% |
| Applied Digital APLD | United States | $4.70B | -62% | +290% | -24% | n/a | n/a | n/a |
| Hut 8 HUT | United States | $6.49B | -47% | +71% | -89% | n/a | n/a | n/a |
| ExlService EXLS | United States | $6.51B | +39% | +16% | 14% | 17.0× | 9.4% | +16.8% |
| SWI Capital SWICH.AS | Netherlands | $6.61B | +88% | -33% | -54% | n/a | n/a | n/a |
| GDS 9698.HK | Hong Kong | $4.22B | -52% | +13% | 17% | 36.8× | n/a | n/a |
| JOYY, Inc. Sponsored ADR JOYY | United States | $3.98B | +37% | +8% | 2% | 12.9× | 19.8% | +2.1% |
| Dentsu Soken 4812.T | Japan | $3.56B | +31% | +10% | 14% | 30.4× | 0.3% | +8.7% |
| Kyndryl Holdings Incorporation KD | United States | $3.55B | +33% | -1% | 4% | 5.9× | 1.6% | -4.9% |
| Cipher Digital CIFR | United States | $2.99B | -68% | -29% | -172% | n/a | n/a | n/a |
| Megaport MP1.AX | Australia | $2.80B | +86% | +37% | -10% | 99.5× | n/a | n/a |
| Tgs TGS.OL | Norway | $2.73B | -13% | -30% | 12% | 16.3× | 5.5% | +36.2% |
| Beijing Sinnet Technology 300383.SZ | China | $2.70B | -37% | -2% | -11% | 149.7× | 46.5% | -0.7% |
| Ionic Digital IOND | United States | $2.68B | n/a | -8% | -44% | 28.0× | n/a | n/a |
| Kingsoft Cloud 3896.HK | Hong Kong | $2.54B | -47% | +35% | -3% | n/a | n/a | n/a |
| Akamai Technologies AKAM | United States | $11.9B | -44% | +6% | 12% | 12.8× | 17.0% | +5.6% |
| Sunevision 1686.HK | Hong Kong | $2.46B | -29% | +6% | 52% | 14.3× | 10.9% | +10.7% |
| Csquare CSQR | United States | $2.39B | n/a | +9% | 10% | n/a | n/a | n/a |