Hensoldt stock steadies on backlog and profit trend

Hensoldt stock (ISIN DE000HAG0005) is anchored by a €6.55 billion order backlog at 31 December 2024 and a 6.5% adjusted EBIT margin in 2024, while the last available quote in the market context stands at EUR 93.20 on 20 July 2026. The latest investor-relations figures also show 2024 revenue of €2.24 billion and adjusted EBITDA of €405 million, giving the shares a clear earnings-and-orders frame rather than a story built only on sentiment.

€6.55 billion backlog

The backlog of €6.55 billion at year-end 2024 is the key visible support point, because it is more than twice 2024 revenue of €2.24 billion. That relationship matters for Hensoldt stock because it shows how much business is already contracted before new orders are even counted.

Adjusted EBITDA reached €405 million in 2024, up from €331 million in 2023, according to the companys investor relations material. Revenue rose to €2.24 billion from €1.85 billion, which means growth of about 21% year on year and gives the margin expansion a concrete base.

Margin climbs to 6.5%

Adjusted EBIT margin improved to 6.5% in 2024 from 5.0% in 2023. That 150-basis-point gain is the most important operating comparison in the latest annual figures, because it shows that Hensoldt converted revenue growth into better profitability rather than only higher volume.

Net leverage also stayed in view, with the company reporting net debt of €748 million at 31 December 2024. For investors, the combination of €2.24 billion in revenue, €405 million in adjusted EBITDA and €6.55 billion in backlog is more informative than any single figure on its own.

Price near EUR 93

The last quoted market value in the available market context is EUR 93.20 as of 20 July 2026. That puts Hensoldt stock in a position where the market is clearly valuing the backlog and margin trend, not just the latest quarter.

The most relevant comparison is against the 2024 operating base: revenue at €2.24 billion, adjusted EBITDA at €405 million and adjusted EBIT margin at 6.5%. Those figures frame the stock more cleanly than any short-term move alone.

Radar and sensors

Hensoldt also remains a product and systems company, not just a headline numbers story. Its radar and sensor systems are central to the revenue mix, and the 2024 order backlog shows that demand is still running ahead of annual sales.

Stock level and context

Hensoldt stock last quoted at EUR 93.20 on 20 July 2026, while the companys 2024 figures show €2.24 billion in revenue, €405 million in adjusted EBITDA, a 6.5% adjusted EBIT margin and a €6.55 billion order backlog. Those are the numbers that matter most for reading the share at this point.

Hensoldt company details