Stevanato Group S.p.A. (STVN) Cash Flow: Operating & Free Cash Flow

Stevanato Group S.p.A. Cash Flow Statement Analysis

Values in millions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Stevanato Group S.p.A. (STVN) - Annual data in millions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	134.32	160.29	189.55	187.64	165.67	96.28	54.71
Depreciation & Amortization	83.90	80.65	78.48	64.82	56.38	54.10	46.22
Change in Working Capital	48.63	-17.41	-102.48	-117.74	-41.63	33.18	-24.97
Change in Accounts Receivable	0.86	-3.83	-93.86	-46.42	-54.77	-3.63	5.87
Change in Inventory	-39.82	12.31	-113.59	-107.37	-31.20	-15.60	-42.67
Change in Accounts Payable	87.59	-25.89	104.97	36.05	44.34	52.41	11.84
Change in Other Working Capital	0.00	-1.00	16.76	-2.71	-4.62	0.00	0.00
Other Operating Activities	7.94	-1.00	16.76	-2.91	-4.62	-27.90	-33.39
Net Cash from Operating Activities	274.79	155.78	105.21	103.31	133.34	155.66	42.57
Investing Activities
Capital Expenditures	-253.35	-313.57	-441.93	-235.03	-113.18	-96.00	-73.91
Acquisitions	1.79	-0.18	-3.59	0.00	14.81	0.00	0.00
Purchases of Investments	0.00	0.00	0.00	0.03	0.00	-0.10	-0.63
Sales/Maturities of Investments	0.24	0.00	0.00	0.03	0.77	0.00	0.00
Other Investing Activities	0.00	-7.44	15.60	0.03	-4.32	-6.42	-5.62
Net Cash from Investing Activities	-262.15	-310.21	-421.22	-242.95	-96.43	-96.09	-74.34
Financing Activities
Debt Repayment	41.38	-162.27	-74.94	-37.65	-128.23	-17.08	48.34
Common Stock Issued	0.00	169.77	0.00	0.00	380.09	0.00	0.00
Dividends Paid	-14.16	-14.46	-14.29	-13.50	-11.20	-8.90	-6.17
Other Financing Activities	-6.03	0.00	-0.25	-6.60	6.13	-0.54	0.00
Net Cash from Financing Activities	21.19	183.22	158.03	-44.54	254.85	-26.52	42.17
Summary
Effect of Forex Changes on Cash	10.11	-0.12	-1.16	1.88	3.68	-2.84	0.46
Net Change in Cash	43.94	28.78	-157.98	-182.30	291.76	30.21	10.87
Cash at Beginning of Period	86.61	69.60	228.74	411.04	115.60	85.39	74.52
Cash at End of Period	130.55	98.27	69.60	228.74	411.04	115.60	85.39
Free Cash Flow	21.44	-157.80	-336.72	-131.72	20.16	59.65	-31.33
Supplemental Disclosures
Interest Paid	-	7.41	3.15	3.47	4.39	5.37	-
Income Taxes Paid	-	64.26	76.77	25.79	29.16	18.99	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Stevanato Group S.p.A. Cash Flow

What is Stevanato Group S.p.A.'s free cash flow?

Stevanato Group S.p.A. generated free cash flow of EUR 21.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of EUR 274.79M minus EUR 253.35M of capital expenditures. Free cash flow equaled 1.8% of revenue.

How much does Stevanato Group S.p.A. spend on capital expenditures?

Stevanato Group S.p.A. spent EUR 253.35M on capital expenditures in fiscal 2025, compared with EUR 313.57M a year earlier. That equals 92.2% of operating cash flow.

Does Stevanato Group S.p.A. pay dividends or buy back shares?

Yes. In fiscal 2025 Stevanato Group S.p.A. returned EUR 14.16M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition