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German maker of light and compact construction equipment such as mini-excavators, compactors and dumpers.
German maker of light and compact construction equipment such as mini-excavators, compactors and dumpers.
Sells mainly through dealers and rental companies, with rental fleets replacing machines on a regular cycle, so the largest rental customers' purchasing plans move volumes. Service, parts and attachments add repeat income. Europe is its home market, with a significant North American business.
In one line: A German compact-equipment maker like a smaller Bobcat.
Moat: narrow (brand, installed base, distribution). Established compact-equipment brand with dealer/rental network, but competes with much larger diversified equipment makers.
Headquarters: Munich, Germany · Founded: 1848 · Employees: 6,173
Size Wacker Neuson (WAC.DE) is a Germany Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.71B, the 115th largest of 205 Germany companies the cockpit tracks. Shares closed at €22.20 on 6 Nov 2026.
Performance Over six months the shares gained 19.6%, against -16.1% for the median peer and +2.6% for the Germany market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 14.0% over the last twelve months (peer median +11.1%); the operating margin is 6.9% (peer median 8.8%).
Valuation It trades at 13.4× forward earnings against a peer median of 11.4× (7th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points below its cost of capital (8.5% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €2.40B | €2.22B | €2.23B | €2.65B | €2.25B |
| Revenue growth | — | -1% | -16% | +18% | — |
| Gross profit | €565M | €466M | €464M | €596M | €493M |
| EBITDA | €267M | €285M | €276M | €322M | €256M |
| Net income | €118M | €77.2M | €70.6M | €186M | €143M |
| Free cash flow | €222M | €215M | €224M | -€30.9M | -€87.4M |
| Capital expenditure | €59.7M | €66.7M | €103M | €164M | €104M |
| Total debt | €326M | €340M | €477M | €512M | €366M |
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 |
|---|---|---|---|---|---|---|
| Wacker Neuson WAC.DE | $1.71B | +20% | +14% | 7% | 13.4× | 1.5% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
| Doosan Bobcat 241560.KS | $3.64B | -28% | +11% | 9% | 9.0× | -13.3% |
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 | WAC.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.3% | -7.8% | 7th highest of 21 |
| 6-month return | +19.6% | -16.1% | 4th highest of 21 |
| Distance from 52-week high | -14.8% | -37.9% | 4th highest of 21 |
| Revenue growth (TTM) | +14.0% | +11.1% | 8th highest of 21 |
| Operating margin | 6.9% | 8.8% | 8th lowest of 21 |
| Forward P/E | 13.4× | 11.4× | 7th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 1.5% | 6.8% | 6th least demanding of 18 |
| Growth delivered (Del g) | +6.6% | +10.1% | 5th lowest of 18 |
| Hurdle (Req g minus delivered) | -5.1 pp | -8.6 pp | 8th most demanding of 18 |
| ROIC minus cost of capital | -2.3 pp | +1.7 pp | 7th lowest of 21 |
| EV / EBITDA | 6.8× | 9.0× | 4th cheapest of 11 |
| Net debt / EBITDA | 1.1× | 0.4× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wacker Neuson WAC.DE | Germany | $1.71B | +20% | +14% | 7% | 13.4× | 1.5% | +6.6% |
| CoCreation Grass 605099.SS | China | $1.72B | -41% | +10% | 21% | 15.4× | 2.2% | +12.3% |
| JiangSu Changling Hydraulic 605389.SS | China | $1.72B | -32% | +19% | 12% | n/a | 36.1% | +4.4% |
| Xiangyang Changyuandonggu Industry 603950.SS | China | $1.72B | -36% | -8% | 17% | 22.8× | 22.1% | +6.1% |
| BEML BEML.NS | India | $1.72B | -2% | +13% | 6% | 39.1× | n/a | n/a |
| Deutz DEZ.DE | Germany | $1.74B | -13% | +11% | 5% | 11.4× | 19.8% | +9.5% |
| Alamo ALG | United States | $1.63B | -18% | +2% | 7% | 11.6× | 7.0% | +6.6% |
| Namura Shipbuilding 7014.T | Japan | $1.62B | -9% | +7% | 19% | 9.9× | -3.1% | +10.1% |
| Lonking 3339.HK | Hong Kong | $1.57B | -14% | +22% | 12% | 7.0× | n/a | n/a |
| Nisshinbo 3105.T | Japan | $1.87B | -9% | +2% | 7% | 11.5× | 3.6% | +1.9% |
| Swan Defence and Heavy Industries SWANDEF.NS | India | $1.54B | +48% | +642% | -109% | n/a | 57.1% | +113.9% |
| Beijing Jiuzhouyigui Environmental Technology 688485.SS | China | $1.91B | +29% | +9% | 2% | n/a | n/a | n/a |
| First Tractor 0038.HK | Hong Kong | $1.93B | -12% | +18% | 6% | 8.5× | -1.8% | +6.7% |
| Bestway Marine & Energy Technology 300008.SZ | China | $1.51B | -29% | +1% | 8% | 30.6× | 14.5% | +54.0% |
| Hanwha Engine 082740.KS | South Korea | $1.50B | -72% | +3% | 12% | 10.9× | -0.3% | +10.6% |
| Mitsui ES 7003.T | Japan | $1.98B | -45% | +12% | 11% | 8.7× | 16.0% | -11.3% |
| Action Construction Equipment ACE.NS | India | $1.47B | +29% | +5% | 15% | 29.0× | 29.6% | +21.7% |
| Weichai Heavy Machinery 000880.SZ | China | $1.44B | -33% | +58% | 2% | n/a | 6.8% | +13.1% |
| Comer Industries COM.MI | Italy | $1.43B | -18% | +31% | 10% | 13.5× | 3.1% | +17.7% |
| Shantui Construction Machinery 000680.SZ | China | $2.06B | -22% | +14% | 10% | 9.8× | -4.4% | +15.6% |
| Anhui Heli 600761.SS | China | $2.06B | -14% | +13% | 7% | 10.9× | -6.7% | +9.2% |