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French manufacturer of construction materials including glass, insulation, gypsum and building distribution.
French manufacturer of construction materials including glass, insulation, gypsum and building distribution.
Sells both as a manufacturer and, through its own merchant chains, as a distributor, so many products reach builders and renovators through its own stores. Founded in 1665 as a mirror maker, it has recently bought construction-chemicals companies and shifted toward lighter, lower-carbon building products.
Moat: narrow (scale, brand, distribution). Broad, vertically integrated building materials portfolio with strong European distribution.
Headquarters: Courbevoie, France · Founded: 1665 · Employees: 161,688
Size Compagnie de Saint-Gobain (SGO.PA) is a France Industrials company (Building Products) with a market value of $40.7B, the 21st largest of 206 France companies the cockpit tracks. Shares closed at €74.10 on 6 Nov 2026.
Performance Over six months the shares fell 3.3%, against +4.3% for the median peer and -0.4% for the France market (cap-weighted) — 3rd lowest of 6 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +2.2%); the operating margin is 10.2% (peer median 15.1%).
Valuation It trades at 12.1× forward earnings against a peer median of 22.2× (cheapest of 6).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +1 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 1.0 points below its cost of capital (10.2% WACC).
Credit Compagnie de Saint-Gobain has 17 bonds outstanding ($13.5B), rated BBB+ by the agencies and trading like AA- at a weighted spread of 73 bp.
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €46.2B | €46.5B | €46.6B | €47.9B | €51.2B |
| Revenue growth | — | 0% | -3% | -6% | — |
| Gross profit | €12.3B | €12.6B | €12.7B | €12.7B | €13.1B |
| EBITDA | €7.20B | €7.38B | €7.37B | €7.16B | €7.32B |
| Net income | €2.67B | €2.88B | €2.84B | €2.67B | €3.00B |
| Free cash flow | €3.38B | €3.46B | €3.49B | €4.06B | €3.82B |
| Capital expenditure | €1.95B | €2.17B | €2.08B | €1.97B | €1.89B |
| Total debt | n/a | €17.9B | €18.1B | €15.9B | €14.4B |
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 |
|---|---|---|---|---|---|---|
| Compagnie de Saint-Gobain SGO.PA | $40.7B | -3% | -2% | 10% | 12.1× | 5.1% |
| Holcim HOLN.SW | $48.4B | -3% | -26% | 16% | 19.5× | 1.4% |
| Heidelberg Materials HEI.DE | $34.3B | -5% | 0% | 15% | 13.5× | 4.9% |
| ROCKWOOL A/S ROCK-A.CO | $6.72B | +11% | -1% | 13% | 16.2× | -4.8% |
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 | SGO.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.4% | +12.2% | 3rd highest of 6 |
| 6-month return | -3.3% | +4.3% | 3rd lowest of 6 |
| Distance from 52-week high | -18.8% | -13.2% | 3rd lowest of 6 |
| Revenue growth (TTM) | -1.6% | +2.2% | lowest of 6 |
| Operating margin | 10.2% | 15.1% | 2nd lowest of 5 |
| Forward P/E | 12.1× | 22.2× | cheapest of 6 |
| Growth the price implies (Req g, 7 yrs) | 5.1% | 5.4% | 3rd least demanding of 5 |
| Growth delivered (Del g) | +4.0% | +3.6% | 3rd highest of 5 |
| Hurdle (Req g minus delivered) | +1.1 pp | +3.6 pp | 2nd least demanding of 5 |
| ROIC minus cost of capital | -1.0 pp | +20.5 pp | lowest of 5 |
| EV / EBITDA | 6.7× | 15.3× | cheapest of 5 |
| Net debt / EBITDA | 1.6× | 0.9× | 3rd least indebted of 5 |
| Bond spread | 73 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Compagnie de Saint-Gobain SGO.PA | France | $40.7B | -3% | -2% | 10% | 12.1× | 5.1% | +4.0% |
| KONE KNEBV.HE | Finland | $33.8B | +15% | +2% | 12% | 27.1× | 5.8% | +2.5% |
| Masco MAS | United States | $15.8B | +15% | +1% | 18% | 18.0× | 4.9% | +1.0% |
| Carlisle Companies CSL | United States | $14.5B | +4% | +4% | 20% | 15.9× | 3.7% | +4.8% |
| SPIC Industry-Finance 000958.SZ | China | $14.0B | -14% | +102% | n/a | 22.2× | n/a | n/a |
| Watsco WSO | United States | $12.7B | -28% | 0% | 9% | 24.3× | 13.2% | +7.4% |
Compagnie de Saint-Gobain has 17 bonds outstanding with $13.5B face value. The agencies rate it BBB+; its bonds trade like AA-. Weighted yield 4.02%, a spread of 73 bp over government bonds.