Rheinmetall (RHM) Stock Price, Fundamentals & Analysis

What RHM does

Rheinmetall (RHM) is an industrial company headquartered in Düsseldorf, Germany, that provides mobility and security technologies across Europe, the Americas, Asia, and the Near East. It operates through three segments: Vehicle Systems (combat, logistics, and tactical vehicles), Weapon and Ammunition (firepower, protection, and propellants), and Electronic Solutions (sensors, networking, cyberspace protection, and training systems). The company serves armies, air forces, navies, and civil agencies, and also participates in aftermarket activities. Rheinmetall trades on the Xetra market and is part of the DAX, alongside peers such as Siemens (SIE) and MTU Aero Engines (MTX).

Key numbers explained

• RHM is priced at 982,4 EUR, which is the most recent trade price on the Xetra exchange.
• The trailing P/E ratio of 37,7 compares the current price to the last twelve months of earnings per share (26,03 EUR); a higher number can mean the market expects strong future growth.
• The forward P/E ratio of 18,4 uses expected future earnings, often giving a different view of valuation than the trailing figure.
• The dividend yield of 1,17% shows the annual dividend as a percentage of the current price; the ex-dividend date is 13 mai 2026, and 44% of earnings are paid out as dividends.
• Beta of 0,43 suggests the stock has historically moved less than the overall market, which can mean lower volatility.
• Over the last 52 weeks, the price ranged from 928,8 to 2.008, and the one-year change is -50,2%.
• Revenue growth of 68,8% year over year and operating margin of 14,4% highlight recent top-line and profitability strength, while profit margin of 6,3% and return on equity of 25,7% show how much of each euro of sales and equity becomes profit.
• The debt-to-equity ratio of 51,6% and price-to-book of 9,22 are additional ways to assess leverage and market value relative to book value.

What to watch

Rheinmetall is exposed to government and defense spending cycles, which can shift with geopolitical tensions and budget decisions. As a company with significant international operations, currency movements and export controls can affect results. Order intake and delivery timelines in the Vehicle Systems and Electronic Solutions segments often drive medium-term revenue changes. Investors also monitor the next earnings release on 5 nov. 2026 for updates on margins, backlog, and capital allocation.