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Stocks · Consumer staples · Food and Kindred Products

Oatly Group AB

OTLY Clue Score30
Sweden Fiscal year ends December CIK 0001843586
$10.59 +2.02% Close, 9 Oct 2026
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Price $10.59 −25.16% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 20 May 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue204.0Operating income−30.8Net income−35.6Fiscal year 2020Revenue421.4 +106.5%Operating income−47.1Net income−60.4EPS, diluted−0.13Fiscal year 2021Revenue643.2 +52.6%Operating income−213.7Net income−212.4EPS, diluted−0.39Fiscal year 2022Revenue722.2 +12.3%Operating income−396.0Net income−392.6EPS, diluted−0.66Fiscal year 2023Revenue783.3 +8.5%Operating income−457.0Net income−416.9EPS, diluted−0.70Fiscal year 2024Revenue823.7 +5.1%Operating income−186.2Net income−201.9EPS, diluted−0.34Fiscal year 2025Revenue862.5 +4.7%Operating income−67.7Net income−152.8EPS, diluted−0.25
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 204.0 421.4 643.2 722.2 783.3 823.7 862.5
Growth +106.5% +52.6% +12.3% +8.5% +5.1% +4.7%
Operating income −30.8 −47.1 −213.7 −396.0 −457.0 −186.2 −67.7
Net income −35.6 −60.4 −212.4 −392.6 −416.9 −201.9 −152.8
Growth
EPS, diluted n/a −0.13 −0.39 −0.66 −0.70 −0.34 −0.25
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin32.6%Operating margin−15.1%Net margin−17.5%Free cash flow margin−45.4%Fiscal year 2020Gross margin30.7%Operating margin−11.2%Net margin−14.3%Free cash flow margin−42.4%Fiscal year 2021Gross margin24.1%Operating margin−33.2%Net margin−33.0%Free cash flow margin−75.8%Fiscal year 2022Gross margin11.1%Operating margin−54.8%Net margin−54.4%Free cash flow margin−65.2%Fiscal year 2023Gross margin19.4%Operating margin−58.3%Net margin−53.2%Free cash flow margin−29.6%Fiscal year 2024Gross margin28.7%Operating margin−22.6%Net margin−24.5%Free cash flow margin−18.6%Fiscal year 2025Gross margin32.1%Operating margin−7.9%Net margin−17.7%Free cash flow margin−4.2%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 32.6% 30.7% 24.1% 11.1% 19.4% 28.7% 32.1%
Operating margin −15.1% −11.2% −33.2% −54.8% −58.3% −22.6% −7.9%
Net margin −17.5% −14.3% −33.0% −54.4% −53.2% −24.5% −17.7%
Free cash flow margin −45.4% −42.4% −75.8% −65.2% −29.6% −18.6% −4.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−39.1Capital expenditure−53.6Free cash flow−92.7Fiscal year 2020Operating cash flow−44.3Capital expenditure−134.3Free cash flow−178.6Fiscal year 2021Operating cash flow−213.8Capital expenditure−273.8Free cash flow−487.6Fiscal year 2022Operating cash flow−268.9Capital expenditure−201.7Free cash flow−470.6Fiscal year 2023Operating cash flow−165.6Capital expenditure−66.1Free cash flow−231.7Fiscal year 2024Operating cash flow−114.4Capital expenditure−39.1Free cash flow−153.6Fiscal year 2025Operating cash flow−23.7Capital expenditure−12.4Free cash flow−36.1
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −39.1 −44.3 −213.8 −268.9 −165.6 −114.4 −23.7
Capital expenditure −53.6 −134.3 −273.8 −201.7 −66.1 −39.1 −12.4
Free cash flow −92.7 −178.6 −487.6 −470.6 −231.7 −153.6 −36.1
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash10.6Shareholders’ equity187.8Fiscal year 2020Cash105.4Total debt96.0Net cash (debt)9.4Shareholders’ equity326.1Debt to equity0.29Fiscal year 2021Cash295.6Total debt6.0Net cash (debt)289.6Shareholders’ equity1,245.3Debt to equity0.00Fiscal year 2022Cash82.6Total debt52.6Net cash (debt)30.1Shareholders’ equity791.1Debt to equity0.07Fiscal year 2023Cash249.3Total debt120.3Net cash (debt)129.0Shareholders’ equity334.0Debt to equity0.36Fiscal year 2024Cash98.9Total debt446.4Net cash (debt)−347.4Shareholders’ equity104.7Debt to equity4.26Fiscal year 2025Cash64.3Total debt523.0Net cash (debt)−458.7Shareholders’ equity18.6Debt to equity28.19
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 10.6 105.4 295.6 82.6 249.3 98.9 64.3
Total debt n/a 96.0 6.0 52.6 120.3 446.4 523.0
Net cash (debt) n/a 9.4 289.6 30.1 129.0 −347.4 −458.7
Shareholders’ equity 187.8 326.1 1,245.3 791.1 334.0 104.7 18.6
Debt to equity n/a 0.29 0.00 0.07 0.36 4.26 28.19

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
10.6 105.4 295.6 82.6 249.3 98.9 64.3
n/a 39.1 95.7 114.5 67.9 65.6 68.5
n/a 237.6 509.6 493.0 360.3 294.2 294.7
n/a 678.9 1,628.9 1,225.2 1,117.0 804.0 787.2
Growth +139.9% −24.8% −8.8% −28.0% −2.1%
Liabilities
n/a 4.3 6.0 49.9 6.1 330.2 340.3
n/a 91.7 0.0 2.7 114.2 116.2 182.8
calc n/a 96.0 6.0 52.6 120.3 446.4 523.0
n/a 352.8 383.6 434.1 781.2 697.9 767.5
Equity
n/a −119.7 −308.4 −665.5 −1,061.0 −1,249.3 −1,397.8
187.8 326.1 1,245.3 791.1 334.0 104.7 18.6
Growth +73.6% +281.9% −36.5% −57.8% −68.7% −82.3%
Per share and net cash
calc n/a 9.4 289.6 30.1 129.0 −347.4 −458.7
n/a n/a 591.8 592.3 595.1 598.6 624.5
calc n/a n/a 2.10 1.34 0.56 0.17 0.03

Lines marked calc are worked out here from filed figures; point at one for how.