Rheinmetall stock holds near record levels as orders and sales grow
Published on 08/11/2026 at 14:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Rheinmetall (ISIN DE0007030009) stock is trading with the market still focused on the companys scale after fiscal 2025 sales, profit, and order metrics all moved higher. The latest available company reporting shows the defense group on a larger revenue base, with operating momentum still visible in the numbers.
Sales and profit expand
In fiscal 2025, Rheinmetall reported revenue growth, operating profit growth, and a larger order backlog, the three figures that matter most for valuation. Those metrics give the stock its current support even without a fresh event in the material available here.
The companys last full-year reporting period showed revenue of EUR 9.75 billion, operating profit of EUR 1.50 billion, and a record order backlog of EUR 48.6 billion. The revenue figure was up from EUR 7.18 billion in fiscal 2024, while operating profit rose from EUR 918 million in the prior year, a clear year-on-year comparison that confirms the scale of the move.
Backlog at EUR 48.6 billion
The order backlog is the number that stands out most for investors. At EUR 48.6 billion in fiscal 2025, it gives Rheinmetall unusually strong revenue visibility for a European industrial group with heavy exposure to defense procurement.
That backlog also helps explain why the business can absorb large investment cycles while still posting higher profit. Rheinmetall linked the figure to its defense demand base, and the company said full-year 2025 sales and operating profit both reached new highs in its latest reporting cycle.
Rheinmetall stock and the market lens
The stock market typically prices Rheinmetall on the interaction between backlog growth, margin progression, and order conversion speed. With revenue at EUR 9.75 billion and operating profit at EUR 1.50 billion in fiscal 2025, the company has more than one earnings driver to support that case.
A second comparison also matters: operating profit of EUR 1.50 billion in fiscal 2025 was well above EUR 918 million in fiscal 2024, showing that the earnings base expanded faster than simple scale alone. That matters more than any narrative label because it ties the share story to concrete reported numbers.
Defense systems drive demand
The representative product and segment story remains defense systems, where Rheinmetall has benefited from higher European procurement and long lead times in major programs. The group uses that demand to convert backlog into sales over multiple reporting periods rather than one-off quarters.
For readers tracking product relevance, the point is not a single launch but the persistence of the order book. A backlog of EUR 48.6 billion gives the company room to plan production, procurement, and capacity with less short-term volatility than a smaller industrial peer.
Trading value stays elevated
On the market side, Rheinmetall stock remains tied to the latest reported earnings base and order visibility, with fiscal 2025 figures still serving as the clearest valuation anchor. The companys revenue of EUR 9.75 billion, operating profit of EUR 1.50 billion, and backlog of EUR 48.6 billion are the key dated figures currently supporting the equity story.
For investors, the most useful frame is simple: the stock is trading against a business that has already turned demand into measurable growth, not just expectations.
Rheinmetall key facts
- Company: Rheinmetall AG
- ISIN: DE0007030009
- Ticker: XETRA: RHM
- Trading venue: Xetra
- Sector / Industry: Industrials / Aerospace & Defense
- Index membership: DAX
