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← CockpitCompetitor Analysis › MEKKO.HE Marimekko OyjOpen in the cockpit ↗

Marimekko OyjMEKKO.HECompetitor analysis, valuation and peers

Finland · EUR·Consumer Discretionary›Apparel/Footwear
Momentum neutral 53
Mkt cap
$437M
US dollars, full cap
Free float
79%
of shares outstanding
$/day
$558,782
20-day average traded
Fwd P/E
15.2×
forward earnings
ROIC−WACC
+24.4 pp
WACC 7.7%
Hurdle
-10 pp
Req g minus delivered
Next earnings
97 days
11 Feb 2027
Close · EUR€9.60
1D-0.2%
1W+5.2%
1M+4.8%
3M-8.8%
6M-0.9%
YTD-25.8%
1Y-24.2%
ATR %2.4%
52w lowhigh27.5% off high

What Marimekko does

Employees: 493

Marimekko at a glance

Size Marimekko (MEKKO.HE) is a Finland Consumer Discretionary company (Apparel/Footwear) with a market value of $437M, the 55th largest of 65 Finland companies the cockpit tracks. Shares closed at €9.60 on 6 Nov 2026.

Performance Over six months the shares fell 0.9%, against -21.5% for the median peer and -2.9% for the Finland market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 1.7% over the last twelve months (peer median +0.7%); the operating margin is 16.2% (peer median 4.2%).

Valuation It trades at 15.2× forward earnings against a peer median of 12.8× (5th most expensive of 15).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -10 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 24.4 points above its cost of capital (7.7% WACC).

Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026MEKKO.HE 89Peer median 79
Six months, rebased to 100: Marimekko against the median of its 20 peers (local-currency closes).

Marimekko financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€192M€190M€183M€174M€167M
Revenue growth—+4%+5%+5%—
Gross profit€66.9M€67.0M€65.0M€63.7M€61.8M
EBITDA€41.9M€41.4M€40.5M€40.6M€40.4M
Net income€24.8M€24.4M€24.4M€23.6M€22.7M
Free cash flow€34.1M€31.6M€26.8M€27.4M€19.1M
Capital expenditure€1.30M€2.90M€2.33M€2.02M€999,000
Total debt€28.4M€29.7M€30.6M€32.9M€34.0M

Quarterly statements and history in the cockpit →

Marimekko competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%+10%002763OXM00268736080023950930506006306051386031161234003016603665300218002269NXTRCKY2199600272MEKKO.HE6-month return →1-month return →
Up and to the right = strong over both horizons. Marimekko is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%10×20×30×OXM00268736080023950930506051381234003016300218603808NXTRCKY21999802MEKKO.HERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Marimekko is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%002763OXM0026870023950930506006306031160030166036653002186038080022692199600272MEKKO.HEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Marimekko is the large dot.

Marimekko competitors and peer comparison

How Marimekko compares with its peers

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.

Marimekko against its 20 peers (data as of 6 Nov 2026)
MeasureMEKKO.HEPeer medianRank in peer set
1-month return+4.8%-8.1%3rd highest of 21
6-month return-0.9%-21.5%6th highest of 21
Distance from 52-week high-27.5%-35.5%7th highest of 21
Revenue growth (TTM)+1.7%+0.7%9th highest of 21
Operating margin16.2%4.2%2nd highest of 21
Forward P/E15.2×12.8×5th most expensive of 15
Growth the price implies (Req g, 7 yrs)-1.5%10.6%5th least demanding of 16
Growth delivered (Del g)+8.9%+5.3%4th highest of 16
Hurdle (Req g minus delivered)-10.5 pp+3.4 pp6th least demanding of 16
ROIC minus cost of capital+24.4 pp+0.6 pphighest of 21
EV / EBITDA9.4×8.7×5th most expensive of 11
Net debt / EBITDA0.1×1.8×6th least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Marimekko MEKKO.HEFinland$437M-1%+2%16%15.2×-1.5%+8.9%
ShenZhen HuiJie 002763.SZChina$437M-24%-3%6%n/a-11.8%+4.9%
Oxford Industries OXMUnited States$440M-35%-2%3%13.0×11.6%+14.6%
Zhejiang Giuseppe Garment 002687.SZChina$432M+18%-1%8%32.9×12.1%+3.0%
TSI 3608.TJapan$430M-11%+29%2%8.4×n/an/a
Wuxi Double Elephant Micro Fibre Material 002395.SZChina$448M-45%-5%4%8.8×-0.1%+14.0%
LF Corp. 093050.KSSouth Korea$426M-13%0%9%5.0×-12.5%+3.2%
Shanghai Dragon 600630.SSChina$420M-21%+9%2%n/a26.5%-10.9%
Sunrise Manufacture 605138.SSChina$457M-29%+3%5%15.2×n/an/a
Zhejiang Red Dragonfly Footwear 603116.SSChina$465M-15%+1%-7%n/a4.1%-4.7%
China Lilang 1234.HKHong Kong$406M-27%+21%12%4.8×n/an/a
Xin Hee 003016.SZChina$404M-24%+9%2%27.0×14.9%-4.2%
Zhejiang Kanglongda Special Protection Technology 603665.SSChina$476M-29%-1%3%n/a10.2%+6.8%
Anhui Anli Material Technology 300218.SZChina$402M-20%-3%3%27.0×25.1%+8.0%
Shenzhen Ellassay Fashion 603808.SSChina$401M-35%0%10%13.1×-15.0%+7.8%
Shanghai Metersbonwe Fashion & Accessories 002269.SZChina$482M-25%-16%-54%n/a17.7%-34.8%
Nueva Expresion Textil NXT.MCSpain$490M+1%+55%22%36.1×n/an/a
Rocky Brands RCKYUnited States$387M+37%+11%10%12.6×10.6%+11.7%
Regina Miracle International (Holdings) 2199.HKHong Kong$386M+26%-2%8%5.8×-9.2%+5.3%
Shanghai Kaikai Industrial 600272.SSChina$386M+3%+1%3%n/a15.2%+8.2%
Fulgent Sun International (Holding) 9802.TWTaiwan$382M-22%+11%6%8.1×n/an/a

Questions

Which companies are Marimekko's closest peers?
The cockpit's peer set: ShenZhen HuiJie (002763.SZ), Oxford Industries (OXM), Zhejiang Giuseppe Garment (002687.SZ), TSI (3608.T), Wuxi Double Elephant Micro Fibre Material (002395.SZ), LF Corp. (093050.KS), Shanghai Dragon (600630.SS), Sunrise Manufacture (605138.SS).
Is Marimekko expensive compared with its peers?
On forward p/e it trades at 15.2× against a peer median of 12.8×, 5th most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -10 pp: the price already allows for a slowdown.
How has Marimekko stock performed?
Over six months to 6 Nov 2026 the shares returned -0.9% against -21.5% for the median peer; over one year -24.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.