Who are Trelleborg's main competitors?

Named competitors: Parker Hannifin (PH), Freudenberg (private or unlisted), Continental (CON.DE), Datwyler (private or unlisted), Enpro (NPO), SKF (SKF-A.ST). The cockpit's measured peer set (industry) also includes Aisin (7259.T), Donaldson (DCI), Allison Transmission (ALSN), Niterra (5334.T), Autoliv (ALV), Ningbo Tuopu (601689.SS).

How has Trelleborg stock performed?

Over six months to 6 Nov 2026 the shares returned +19.1% against -8.2% for the median peer; over one year +17.4%.

← CockpitCompetitor Analysis › TREL-B.ST Trelleborg AB Class BOpen in the cockpit ↗

Trelleborg AB Class BTREL-B.STCompetitor analysis, valuation and peers

Sweden · SEK·Consumer Discretionary›Auto Parts: OEM

Swedish engineering group making rubber and polymer sealing, damping, and hose solutions for industrial, automotive, and medical customers.

≈ A Swedish Parker Hannifin (sealing/polymer niche)Momentum strong 62

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$10.1B

US dollars, full cap

Free float

98%

of shares outstanding

$/day

$16.7M

20-day average traded

Fwd P/E

22.9×

forward earnings

ROIC−WACC

+2.1 pp

WACC 8.8%

Hurdle

+7 pp

Req g minus delivered

Next earnings

84 days

29 Jan 2027

Close · SEKSEK 453.60

1D-1.9%

1W+0.5%

1M+2.1%

3M+4.2%

6M+19.1%

YTD+15.5%

1Y+17.4%

ATR %2.1%

52w lowhigh3.5% off high

What Trelleborg does

Swedish engineering group making rubber and polymer sealing, damping, and hose solutions for industrial, automotive, and medical customers.

Sells sealing and polymer parts that are designed into customers' products, and grows by buying small niche companies. In 2023 it agreed to sell its off-road tyre business to Yokohama Rubber, narrowing the group to engineered polymer products.

In one line: A Swedish Parker Hannifin (sealing/polymer niche).

Products and services

Sealing solutions
Industrial hoses
Vibration/noise damping (auto)
Coated fabrics

Customers

Automakers
Industrial machinery makers
Medical device manufacturers

Where it sits in the supply chain

Industrials
Engineered polymer components
Seals, hoses, vibration damping, coated…

What could go right

Industrial automation demand
EV component content growth

What could go wrong

Auto production cyclicality
Raw material (rubber/polymer) cost swings

Moat: narrow (process know-how, switching costs, IP / patents). Specialized polymer formulations are designed into customer platforms, raising switching costs.

Headquarters: Trelleborg, Sweden · Founded: 1905 · Employees: 16,291

Named competitors

Parker Hannifin PH
Freudenberg private or unlisted
Continental CON.DE
Datwyler private or unlisted
Enpro NPO
SKF SKF-A.ST

Trelleborg at a glance

Size Trelleborg (TREL-B.ST) is a Sweden Consumer Discretionary company (Auto Parts: OEM) with a market value of $10.1B, the 28th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 453.60 on 6 Nov 2026.

Performance Over six months the shares gained 19.1%, against -8.2% for the median peer and +8.2% for the Sweden market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 1.9% over the last twelve months (peer median +6.2%); the operating margin is 18.7% (peer median 9.5%).

Valuation It trades at 22.9× forward earnings against a peer median of 21.1× (10th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +7 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 2.1 points above its cost of capital (8.8% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Trelleborg against the median of its 20 peers (local-currency closes).

Trelleborg financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	SEK 35.4B	SEK 34.3B	SEK 34.2B	SEK 34.3B	SEK 30.1B
Revenue growth	—	0%	0%	+14%	—
Gross profit	SEK 13.6B	SEK 12.2B	SEK 11.8B	SEK 11.5B	SEK 10.4B
EBITDA	SEK 8.66B	SEK 7.63B	SEK 7.17B	SEK 7.05B	SEK 6.23B
Net income	SEK 3.99B	SEK 3.60B	SEK 3.74B	SEK 4.02B	SEK 5.26B
Free cash flow	SEK 4.10B	SEK 3.71B	SEK 3.33B	SEK 3.73B	SEK 2.73B
Capital expenditure	SEK 1.37B	SEK 1.71B	SEK 1.88B	SEK 1.68B	SEK 1.30B
Total debt	SEK 11.4B	SEK 9.13B	SEK 8.56B	SEK 8.30B	SEK 25.2B

Quarterly statements and history in the cockpit →

Trelleborg 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

Up and to the right = strong over both horizons. Trelleborg is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Trelleborg is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Trelleborg is the large dot.

Trelleborg competitors and peer comparison

Head to head with its named competitors (TREL-B.ST vs PH vs CON.DE vs NPO)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Trelleborg TREL-B.ST	$10.1B	+19%	+2%	19%	22.9×	9.6%
Parker Hannifin PH	$116B	+4%	+8%	22%	24.4×	19.0%
Continental CON.DE	$15.8B	+2%	-35%	n/a	12.1×	-0.2%
Enpro NPO	$5.47B	-16%	+16%	16%	23.2×	26.1%
SKF SKF-A.ST	$12.7B	+18%	-10%	12%	16.4×	5.8%

How Trelleborg 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.

Trelleborg against its 20 peers (data as of 6 Nov 2026)
Measure	TREL-B.ST	Peer median	Rank in peer set
1-month return	+2.1%	-0.6%	10th highest of 21
6-month return	+19.1%	-8.2%	3rd highest of 21
Distance from 52-week high	-3.5%	-23.8%	4th highest of 21
Revenue growth (TTM)	+1.9%	+6.2%	7th lowest of 21
Operating margin	18.7%	9.5%	6th highest of 21
Forward P/E	22.9×	21.1×	10th most expensive of 21
Growth the price implies (Req g, 7 yrs)	9.6%	8.5%	8th most demanding of 17
Growth delivered (Del g)	+2.6%	+7.7%	lowest of 17
Hurdle (Req g minus delivered)	+7.0 pp	-3.1 pp	6th most demanding of 17
ROIC minus cost of capital	+2.1 pp	+2.4 pp	11th highest of 21
EV / EBITDA	12.5×	10.1×	6th most expensive of 14
Net debt / EBITDA	1.1×	1.0×	7th most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Trelleborg TREL-B.ST	Sweden	$10.1B	+19%	+2%	19%	22.9×	9.6%	+2.6%
Aisin 7259.T	Japan	$9.78B	-14%	+6%	4%	10.0×	-0.3%	+7.7%
Donaldson DCI	United States	$9.77B	-2%	+5%	16%	19.5×	8.3%	+6.4%
Allison Transmission ALSN	United States	$9.65B	-6%	+71%	20%	11.0×	2.6%	+7.7%
Niterra 5334.T	Japan	$9.01B	+5%	+16%	19%	9.9×	4.0%	+11.3%
Autoliv ALV	United States	$8.89B	+2%	+4%	10%	11.0×	2.6%	+7.7%
Ningbo Tuopu 601689.SS	China	$11.7B	-26%	+11%	9%	29.9×	15.3%	+35.4%
Cummins India CUMMINSIND.NS	India	$11.9B	-25%	+15%	19%	43.5×	39.5%	+22.7%
HELLA GmbH & Co. KGaA HLE.DE	Germany	$8.26B	-7%	-1%	5%	34.7×	2.4%	+6.1%
UNO Minda UNOMINDA.NS	India	$8.11B	+16%	+19%	8%	53.6×	46.9%	+25.0%
Huayu Automotive Systems 600741.SS	China	$7.87B	-11%	+1%	3%	7.9×	-15.5%	+6.6%
Huizhou Desay SV Automotive 002920.SZ	China	$7.12B	-23%	+12%	7%	17.5×	n/a	n/a
Bosch BOSCHLTD.NS	India	$15.8B	+34%	+14%	12%	49.7×	46.8%	+15.7%
Anhui Jianghuai Automobile 600418.SS	China	$6.48B	-60%	+23%	-2%	44.4×	n/a	n/a
Magna International MG.TO	Canada	$16.1B	+4%	0%	6%	8.2×	0.1%	+6.0%
Zhejiang Sling Intelligent Drive 301550.SZ	China	$6.34B	+14%	+7%	19%	230.9×	n/a	n/a
Wanxiang Qianchao 000559.SZ	China	$6.24B	-22%	-4%	8%	36.7×	21.2%	+4.2%
Kuang-Chi Technologies 002625.SZ	China	$6.05B	-52%	-7%	20%	21.6×	n/a	n/a
Knorr-Bremse KBX.DE	Germany	$17.1B	-9%	+4%	13%	20.7×	8.6%	+4.9%
Sona BLW Precision Forgings SONACOMS.NS	India	$5.94B	+56%	+42%	17%	63.7×	48.2%	+23.6%
Schaeffler SHA0.DE	Germany	$5.83B	-45%	-1%	2%	18.4×	10.7%	+13.3%

Questions

Who are Trelleborg's main competitors?: Named competitors: Parker Hannifin (PH), Freudenberg (private or unlisted), Continental (CON.DE), Datwyler (private or unlisted), Enpro (NPO), SKF (SKF-A.ST). The cockpit's measured peer set (industry) also includes Aisin (7259.T), Donaldson (DCI), Allison Transmission (ALSN), Niterra (5334.T), Autoliv (ALV), Ningbo Tuopu (601689.SS).
Is Trelleborg expensive compared with its peers?: On forward p/e it trades at 22.9× against a peer median of 21.1×, 10th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +7 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.
How has Trelleborg stock performed?: Over six months to 6 Nov 2026 the shares returned +19.1% against -8.2% for the median peer; over one year +17.4%.