The company operates through Sensors and Optronics segments. The Sensors segment provides system solutions focusing on radar and naval solutions, spectrum dominance and airborne solutions, and services and aerospace solutions. For 2025, Hensoldt expects revenue at around 2.5 billion euros, with an expected annual growth rate of 10% in 2026 and 15 to 20% in the medium term.
Cyborg Score Rationale
In 2024, Hensoldt's revenue was 2.24 billion, an increase of 21.28% compared to 1.85 billion, with earnings of 108 million, an increase of 92.86%. In 2025, order intake surged to EUR 2,017 million, while the backlog climbed to EUR 7,096 million. Strong momentum in defense spending and expanding backlog support sustained growth.
Top Insights
Financial performance soared in 2025 with significant growth in order intake, revenue, and adjusted EBITDA, as demand for sensors and optronics rose.
Order book and revenue backlog benefits from Europe's continuing rearmament.
Average 12-month price target is EUR91.59, with 4 analysts recommending buying and 2 suggesting selling, resulting in overall Neutral rating.
Making significant progress in capacity expansion and Software-Defined Defence solutions.
Named Competitors
Rheinmetall — German defense contractor and automotive supplier
Leonardo — Italian defense and aerospace company
Saab — Swedish defense electronics and aerospace
Kongsberg — Norwegian defense and technology company
Recent Developments
(Nov 2025) Capital Markets Day announced significant progress in capacity expansion and Software-Defined Defence initiatives
(Oct 2025) Raised guidance for book-to-bill ratio with strong order intake results
(Nov 2025) Order intake surged to EUR 2,017 million with backlog climbing to EUR 7,096 million
Open the full interactive Hensoldt AG report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.