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German maker of remote-access and remote-support software that lets IT teams and support staff connect to devices worldwide.
German maker of remote-access and remote-support software that lets IT teams and support staff connect to devices worldwide.
Sells subscriptions rather than one-off licences, so revenue renews each year and customers cancelling matters as much as new sales. A large share comes from small and midsize firms buying online, with enterprise sales as a larger-ticket route. Free use for private individuals draws in users, some of whom later pay.
In one line: A German GoTo/LogMeIn for remote access software.
Moat: narrow (brand, installed base, network effects). Widely installed, trusted remote-access brand with a large free-to-paid user funnel, but faces free/open-source alternatives.
Headquarters: Goeppingen, Germany · Founded: 2005 · Employees: 1,925
Size TeamViewer (TMV.DE) is a Germany Information Technology company (Internet Software/Services) with a market value of $894M, the 152nd largest of 205 Germany companies the cockpit tracks. Shares closed at €5.05 on 6 Nov 2026.
Performance Over six months the shares fell 4.8%, against -11.2% for the median peer and +2.6% for the Germany market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 1.7% over the last twelve months (peer median +11.2%); the operating margin is 34.0% (peer median 10.8%).
Valuation It trades at 5.2× forward earnings against a peer median of 14.3× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.5 points above its cost of capital (6.5% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €743M | €747M | €671M | €627M | €566M |
| Revenue growth | — | +11% | +7% | +11% | — |
| Gross profit | €641M | €646M | €591M | €545M | €485M |
| EBITDA | €306M | €294M | €261M | €217M | €175M |
| Net income | €138M | €118M | €123M | €114M | €67.6M |
| Free cash flow | €185M | €193M | €225M | €212M | €185M |
| Capital expenditure | €6.60M | €5.76M | €5.37M | €5.61M | €8.84M |
| Total debt | €848M | €943M | €445M | €529M | €633M |
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 |
|---|---|---|---|---|---|---|
| TeamViewer TMV.DE | $894M | -5% | +2% | 34% | 5.2× | -11.0% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
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 | TMV.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.6% | +1.2% | 3rd lowest of 21 |
| 6-month return | -4.8% | -11.2% | 11th highest of 21 |
| Distance from 52-week high | -34.8% | -41.2% | 10th highest of 21 |
| Revenue growth (TTM) | +1.7% | +11.2% | 7th lowest of 20 |
| Operating margin | 34.0% | 10.8% | 2nd highest of 20 |
| Forward P/E | 5.2× | 14.3× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -11.0% | 6.1% | 2nd least demanding of 14 |
| Growth delivered (Del g) | +10.4% | +15.9% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | -21.4 pp | -9.9 pp | 5th least demanding of 14 |
| ROIC minus cost of capital | +9.5 pp | +1.6 pp | 7th highest of 16 |
| EV / EBITDA | 5.3× | 9.1× | 3rd cheapest of 14 |
| Net debt / EBITDA | 2.7× | -0.2× | 2nd most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TeamViewer TMV.DE | Germany | $894M | -5% | +2% | 34% | 5.2× | -11.0% | +10.4% |
| LegalZoom.com LZ | United States | $897M | -19% | +12% | 4% | 6.7× | 6.1% | +9.9% |
| iQIYI, Inc. Sponsored ADR IQ | United States | $886M | -20% | -3% | -2% | n/a | n/a | n/a |
| Gushengtang 2273.HK | Hong Kong | $874M | +1% | +12% | 13% | 13.4× | 2.4% | +27.6% |
| Omada Health OMDA | United States | $924M | +2% | +48% | 0% | 37.1× | 28.7% | +42.9% |
| Yalla Group Ltd. Sponsored ADR YALA | United States | $863M | -21% | -4% | 31% | 7.0× | n/a | n/a |
| BuySell Technologies 7685.T | Japan | $938M | -28% | +58% | 11% | 15.0× | -1.2% | +46.8% |
| Sify Technologies Limited Sponsored ADR SIFY | United States | $941M | -20% | +11% | 8% | n/a | n/a | n/a |
| FuboTV FUBO | United States | $830M | -26% | n/a | n/a | n/a | n/a | n/a |
| D-MARKET Elektronik Hizmetler ve Ticaret AS Sponsored ADR HEPS | United States | $979M | -3% | +22% | -3% | n/a | n/a | n/a |
| PubMatic PUBM | United States | $811M | +82% | -1% | -5% | 360.6× | 7.8% | +13.7% |
| Auction Technology ATG.L | United Kingdom | $789M | +36% | +22% | 11% | 16.1× | 22.7% | +32.6% |
| EverQuote EVER | United States | $1.02B | +41% | +24% | 11% | 14.3× | -7.0% | +14.8% |
| Le Travenues Technology IXIGO.NS | India | $775M | -2% | +16% | 6% | 47.3× | 38.2% | +55.4% |
| Nextdoor NXDR | United States | $758M | -3% | +10% | -17% | 350.1× | 24.0% | +15.9% |
| Yelp YELP | United States | $1.06B | -28% | +2% | 13% | 8.1× | -18.4% | +10.9% |
| Phoenix Education Partners PXED | United States | $718M | -36% | +1% | 17% | 5.0× | n/a | n/a |
| Cars.com CARS | United States | $715M | +14% | +1% | 11% | 6.2× | 5.7% | +5.7% |
| Moonpig MOON.L | United Kingdom | $1.13B | +41% | +7% | 21% | 15.2× | 3.7% | +0.3% |
| Baltic Classifieds BCG.L | United Kingdom | $1.14B | -99% | +7% | 68% | 0.2× | 15.2% | +15.9% |
| Jumia Technologies AG Sponsored ADR JMIA | United States | $676M | -29% | +27% | -27% | n/a | n/a | n/a |