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Swiss maker of elevators and escalators, installing and servicing vertical transportation systems worldwide.
Swiss maker of elevators and escalators, installing and servicing vertical transportation systems worldwide.
Sells new elevators at competitive prices and then services them for decades under maintenance contracts, which are steadier and more profitable than equipment sales. It is one of the four large global elevator groups, alongside Otis, Kone and TK Elevator. The Schindler and Bonnard families control the votes.
In one line: A Swiss Otis Worldwide.
Moat: narrow (installed base, switching costs, brand). A large installed base of elevators generates recurring, high-margin maintenance contract revenue.
Headquarters: Ebikon, Switzerland · Founded: 1874 · Employees: 67,381
Size Schindler (SCHN.SW) is a Switzerland Industrials company (Industrial Machinery) with a market value of $39.4B, the 15th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 298.00 on 6 Nov 2026.
Performance Over six months the shares gained 17.1%, against -7.0% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue fell 3.1% over the last twelve months (peer median +8.5%); the operating margin is 13.1% (peer median 18.0%).
Valuation It trades at 28.2× forward earnings against a peer median of 22.0× (6th most expensive of 20).
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 +1%, so the hurdle is +2 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 26.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 10.8B | CHF 10.9B | CHF 11.2B | CHF 11.5B | CHF 11.3B |
| Revenue growth | — | -3% | -2% | +1% | — |
| Gross profit | CHF 3.53B | CHF 3.23B | CHF 3.26B | CHF 3.21B | CHF 3.02B |
| EBITDA | CHF 1.75B | CHF 1.69B | CHF 1.56B | CHF 1.50B | CHF 1.23B |
| Net income | CHF 1.03B | CHF 1.01B | CHF 950M | CHF 866M | CHF 610M |
| Free cash flow | CHF 1.27B | CHF 1.39B | CHF 1.49B | CHF 1.18B | CHF 567M |
| Capital expenditure | CHF 138M | CHF 107M | CHF 109M | CHF 102M | CHF 130M |
| Total debt | n/a | CHF 688M | CHF 812M | CHF 699M | CHF 1.04B |
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 |
|---|---|---|---|---|---|---|
| Schindler SCHN.SW | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% |
| Otis Worldwide OTIS | $30.1B | +6% | +6% | 15% | 18.1× | 2.3% |
| KONE KNEBV.HE | $33.8B | +15% | +2% | 12% | 27.1× | 5.8% |
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 | SCHN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.7% | -5.6% | 3rd highest of 21 |
| 6-month return | +17.1% | -7.0% | 2nd highest of 20 |
| Distance from 52-week high | -1.5% | -33.5% | highest of 21 |
| Revenue growth (TTM) | -3.1% | +8.5% | 3rd lowest of 21 |
| Operating margin | 13.1% | 18.0% | 6th lowest of 21 |
| Forward P/E | 28.2× | 22.0× | 6th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.3% | 17.1% | 2nd least demanding of 19 |
| Growth delivered (Del g) | +0.6% | +10.1% | 2nd lowest of 19 |
| Hurdle (Req g minus delivered) | +1.7 pp | +3.4 pp | 8th least demanding of 19 |
| ROIC minus cost of capital | +26.5 pp | +3.7 pp | 2nd highest of 20 |
| EV / EBITDA | 17.8× | 15.8× | 5th most expensive of 14 |
| Net debt / EBITDA | -0.7× | 0.8× | 6th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Schindler SCHN.SW | Switzerland | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% | +0.6% |
| Yushu Technology 688836.SS | China | $39.8B | n/a | +333% | 19% | n/a | n/a | n/a |
| Daikin Industries 6367.T | Japan | $40.4B | -1% | +11% | 8% | 21.8× | 7.4% | +15.0% |
| Advanced Micro-Fabrication Equipment Inc. China 688012.SS | China | $36.5B | +1% | +26% | 12% | 51.5× | 51.7% | +40.3% |
| Carrier Global CARR | United States | $42.9B | -22% | +3% | 9% | 17.2× | 19.0% | +4.5% |
| Eoptolink Technology 300502.SZ | China | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% | +65.5% |
| ASM International ASM.AS | Netherlands | $35.5B | -28% | +13% | 31% | 27.0× | 30.0% | +19.0% |
| Ingersoll Rand IR | United States | $31.9B | +10% | +8% | 19% | 21.8× | 17.3% | +14.0% |
| Gree Electric Appliances, Inc. of Zhuhai 000651.SZ | China | $31.2B | -3% | -11% | 16% | 8.6× | -16.4% | 0.0% |
| Fanuc 6954.T | Japan | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% | +9.2% |
| Veralto VLTO | United States | $28.5B | +35% | +6% | 22% | 24.6× | 8.3% | +4.8% |
| Dover DOV | United States | $27.1B | -7% | +8% | 18% | 17.6× | 12.2% | +3.9% |
| NAURA Technology 002371.SZ | China | $60.6B | +4% | +18% | 11% | 56.5× | 33.4% | +45.5% |
| Alfa Laval ALFA.ST | Sweden | $22.5B | 0% | +4% | 18% | 24.2× | 7.9% | +10.9% |
| Xylem XYL | United States | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% | +13.1% |
| SYM SYM | United States | $22.3B | -30% | +20% | 1% | 101.9× | n/a | n/a |
| Honeywell Technologies HON | United States | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% | +2.8% |
| Smc 6273.T | Japan | $21.9B | -27% | +16% | 24% | 15.9× | 16.2% | +8.8% |
| Zhejiang Sanhua Intelligent Controls 002050.SZ | China | $21.5B | -28% | +3% | 15% | 33.3× | 23.8% | +20.8% |
| VAT VACN.SW | Switzerland | $19.0B | -11% | -2% | 25% | 48.2× | 25.8% | +9.2% |
| Johnson Controls JCI | United States | $81.8B | -3% | +9% | 16% | 21.3× | 17.8% | +1.6% |