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Swiss company helping businesses manage, license and optimize their software and cloud subscriptions, plus reselling cloud services.
Swiss company helping businesses manage, license and optimize their software and cloud subscriptions, plus reselling cloud services.
Resells software licences and cloud subscriptions from Microsoft and other vendors at a margin, and charges separately for advice and managed services, which pay better. Microsoft dominates its sales, so partner terms matter. It combined with Norway's Crayon in 2025 to gain scale.
In one line: A software-license optimization/reseller like a smaller Insight Enterprises.
Moat: none (customer qualification, distribution). Value-added reseller/advisory model competes with several similar IT-services and cloud-reseller firms.
Headquarters: Stans, Switzerland · Founded: 1985 · Employees: 12,712
Size SoftwareOne (SWON.SW) is a Switzerland Information Technology company (Electronics Distributors) with a market value of $2.30B, the 88th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 8.76 on 6 Nov 2026.
Performance Over six months the shares gained 11.2%, against -10.8% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 61.7% over the last twelve months (peer median +20.3%); the operating margin is 12.0% (peer median 3.8%).
Valuation It trades at 12.6× forward earnings against a peer median of 15.8× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 1.58B | CHF 1.24B | CHF 1.02B | CHF 1.01B | CHF 976M |
| Revenue growth | — | +22% | +1% | +4% | — |
| Gross profit | CHF 390M | CHF 338M | CHF 247M | CHF 261M | CHF 218M |
| EBITDA | CHF 338M | CHF 286M | CHF 219M | CHF 165M | CHF 150M |
| Net income | CHF 45.1M | CHF 900,000 | -CHF 1.51M | CHF 21.4M | -CHF 58.3M |
| Free cash flow | CHF 196M | CHF 213M | CHF 3.55M | CHF 57.6M | CHF 71.9M |
| Capital expenditure | CHF 12.4M | CHF 65.5M | CHF 68.0M | CHF 57.2M | CHF 47.3M |
| Total debt | n/a | CHF 74.5M | CHF 40.4M | CHF 33.1M | CHF 38.2M |
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 |
|---|---|---|---|---|---|---|
| SoftwareOne SWON.SW | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% |
| Insight Enterprises NSIT | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% |
| Softcat SCT.L | $4.53B | +14% | +35% | 11% | 17.9× | -4.1% |
| CDW CDW | $19.6B | +51% | +11% | 7% | 12.9× | 2.6% |
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 | SWON.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.1% | -7.9% | 4th highest of 21 |
| 6-month return | +11.2% | -10.8% | 4th highest of 21 |
| Distance from 52-week high | -12.8% | -30.0% | 2nd highest of 21 |
| Revenue growth (TTM) | +61.7% | +20.3% | 3rd highest of 21 |
| Operating margin | 12.0% | 3.8% | 3rd highest of 21 |
| Forward P/E | 12.6× | 15.8× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -5.7% | -0.1% | 4th least demanding of 10 |
| Growth delivered (Del g) | +8.4% | +9.5% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | -14.0 pp | -7.4 pp | 3rd least demanding of 10 |
| ROIC minus cost of capital | +5.3 pp | +2.9 pp | 9th highest of 21 |
| EV / EBITDA | 7.0× | 7.3× | 3rd cheapest of 5 |
| Net debt / EBITDA | 1.4× | 0.6× | 3rd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
| Shenzhen CECport Technologies 001287.SZ | China | $2.28B | -24% | +138% | 2% | n/a | n/a | n/a |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| ASBISc Enterprises ASB.WA | Poland | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% | +9.5% |
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| Xi'an Novastar Tech 301589.SZ | China | $2.12B | -9% | +15% | 17% | 22.0× | 15.9% | +28.7% |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| SINBON Electronics 3023.TW | Taiwan | $1.88B | -11% | +9% | 10% | 15.4× | -0.1% | +7.3% |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| Daiwabo 3107.T | Japan | $1.79B | +4% | +14% | 3% | 10.8× | -7.7% | +5.3% |
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| Shenzhen Yitoa Intelligent Control 300131.SZ | China | $1.68B | -39% | +3% | 0% | n/a | n/a | n/a |
| Wuhan P&S Information Technology 300184.SZ | China | $1.63B | -29% | +48% | 5% | 15.8× | n/a | n/a |
| SeSa SES.MI | Italy | $1.53B | -1% | +11% | 4% | 11.4× | -7.1% | +12.0% |
| WinWay Technology 6515.TW | Taiwan | $3.63B | -67% | +45% | 24% | 27.9× | 32.8% | +22.0% |
| Shenzhen Aisidi 002416.SZ | China | $1.44B | -44% | +26% | 1% | 22.1× | n/a | n/a |
| Kyland Technology 300353.SZ | China | $1.42B | -17% | -6% | -6% | 80.9× | n/a | n/a |
| Telling Telecommunication 000829.SZ | China | $1.41B | -21% | +37% | 0% | 153.2× | n/a | n/a |
| Yubico YUBICO.ST | Sweden | $1.40B | +189% | -9% | 9% | 59.8× | 26.3% | +12.4% |
| Synnex Technology International 2347.TW | Taiwan | $4.26B | +3% | +36% | 2% | 7.8× | n/a | n/a |