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Finnish manufacturer of industrial cranes, lifting equipment and port/material-handling solutions.
Finnish manufacturer of industrial cranes, lifting equipment and port/material-handling solutions.
Sells new cranes against orders from factories and ports, with revenue recognised as delivered, and maintains the cranes afterwards under service contracts and parts sales, the steadier line. It combined with Terex's material-handling and port business in 2016, adding port equipment.
Moat: narrow (installed base, switching costs, brand). Large global installed base of cranes generates recurring service and modernization revenue.
Headquarters: Hyvinkaa, Finland · Founded: 1933 · Employees: 16,469
Size Konecranes (KCR.HE) is a Finland Industrials company (Trucks/Construction/Farm Machinery) with a market value of $7.47B, the 13th largest of 65 Finland companies the cockpit tracks. Shares closed at €28.02 on 6 Nov 2026.
Performance Over six months the shares gained 5.4%, against -12.2% for the median peer and -2.9% for the Finland market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 1.1% over the last twelve months (peer median +9.9%); the operating margin is 12.7% (peer median 12.1%).
Valuation It trades at 15.9× forward earnings against a peer median of 16.1× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +3 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 9.5 points above its cost of capital (11.4% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €4.19B | €4.19B | €4.23B | €3.97B | €3.36B |
| Revenue growth | — | -1% | +7% | +18% | — |
| Gross profit | €982M | €993M | €972M | €868M | €657M |
| EBITDA | €672M | €688M | €642M | €535M | €411M |
| Net income | €399M | €400M | €368M | €276M | €140M |
| Free cash flow | €287M | €520M | €422M | €505M | €22.0M |
| Capital expenditure | €47.3M | €49.4M | €69.2M | €52.4M | €44.7M |
| Total debt | €399M | €470M | €896M | €955M | €1.11B |
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 |
|---|---|---|---|---|---|---|
| Konecranes KCR.HE | $7.47B | +5% | -1% | 13% | 15.9× | 9.1% |
| Terex TEX | $6.18B | -14% | +40% | 7% | 9.9× | 12.1% |
| Shanghai Zhenhua Heavy Industries 600320.SS | $2.64B | -21% | +6% | 5% | 20.4× | -4.9% |
| Columbus McKinnon CMCO | $510M | +11% | +81% | 4% | 7.9× | n/a |
| Manitowoc MTW | $808M | -3% | +9% | 3% | 16.2× | 11.2% |
| TADANO 6395.T | $1.02B | -8% | +21% | 9% | 10.8× | 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 | KCR.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | -7.6% | 10th highest of 21 |
| 6-month return | +5.4% | -12.2% | 4th highest of 21 |
| Distance from 52-week high | -18.9% | -30.9% | 4th highest of 21 |
| Revenue growth (TTM) | -1.1% | +9.9% | lowest of 21 |
| Operating margin | 12.7% | 12.1% | 11th highest of 21 |
| Forward P/E | 15.9× | 16.1× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 9.1% | 3.5% | 6th most demanding of 18 |
| Growth delivered (Del g) | +5.7% | +11.6% | 4th lowest of 18 |
| Hurdle (Req g minus delivered) | +3.4 pp | -7.8 pp | 4th most demanding of 18 |
| ROIC minus cost of capital | +9.5 pp | +11.0 pp | 9th lowest of 19 |
| EV / EBITDA | 9.8× | 11.8× | 5th cheapest of 16 |
| Net debt / EBITDA | -0.2× | 1.3× | 5th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Konecranes KCR.HE | Finland | $7.47B | +5% | -1% | 13% | 15.9× | 9.1% | +5.7% |
| Gaztransport & Technigaz GTT.PA | France | $7.50B | -13% | +9% | 64% | 16.1× | -3.1% | +15.2% |
| AGCO AGCO | United States | $7.61B | -6% | +1% | 6% | 17.1× | 10.5% | +2.0% |
| Accelleron Industries ACLN.SW | Switzerland | $7.29B | -25% | +13% | 25% | 25.1× | 3.5% | +12.1% |
| Doosan 000150.KS | South Korea | $7.10B | -60% | +11% | 6% | 16.1× | 15.0% | +11.6% |
| Mazagon Dock Shipbuilders MAZDOCK.NS | India | $7.87B | -31% | +8% | 15% | 30.5× | n/a | n/a |
| Weir WEIR.L | United Kingdom | $8.18B | -3% | +6% | 18% | 18.1× | 19.3% | +5.5% |
| Babcock International BAB.L | United Kingdom | $6.60B | 0% | +7% | 6% | 15.4× | 13.2% | +5.5% |
| Hitachi Construction Machinery 6305.T | Japan | $6.36B | -12% | +7% | 10% | 11.2× | 3.9% | +11.6% |
| Terex TEX | United States | $6.18B | -14% | +40% | 7% | 9.9× | 12.1% | +12.0% |
| Hyundai Rotem 064350.KS | South Korea | $5.75B | -73% | +12% | 15% | 9.7× | -4.0% | +16.0% |
| Toro TTC | United States | $9.92B | +10% | +5% | 11% | 21.2× | 5.6% | +6.0% |
| TKMS AG & Co. KGaA TKMS.DE | Germany | $5.57B | +8% | +15% | 5% | 39.8× | n/a | n/a |
| Alstom ALO.PA | France | $5.56B | -40% | +4% | 4% | n/a | 2.7% | +16.9% |
| SamsungHvyInd 010140.KS | South Korea | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% | +11.4% |
| Kongsberg Maritime KMAR.OL | Norway | $5.43B | -1% | +6% | 13% | 21.8× | 0.9% | +6.3% |
| Hanwha Ocean 042660.KS | South Korea | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% | +13.2% |
| Ashok Leyland ASHOKLEY.NS | India | $10.7B | +1% | +16% | 17% | 24.8× | n/a | n/a |
| Fincantieri FCT.MI | Italy | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% | +9.1% |
| Seatrium 5E2.SI | Singapore | $4.77B | -19% | +11% | 4% | 13.0× | 4.0% | +50.0% |
| Zhejiang Dingli Machinery 603338.SS | China | $4.57B | +9% | +29% | 22% | 14.8× | 1.6% | +23.7% |