Vestas Wind Systems A/S
Income Statement

Last updated: 5 Sep 2025

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Vestas Wind Systems A/S's past years’ income statements indicate that its last revenue has increased compared to the previous period by 6% to $15,382,000,000. The net income raised on $77,000,000 and profit margin reached 1%. Total operating expenses were $991,000,000.

Profit Margin

Quarters Years

Vestas Wind Systems A/S (OTC:VWDRY): Profit margin
2014	6.91B	392M	5.67%
2015	8.42B	685M	8.13%
2016	10.23B	965M	9.43%
2017	9.95B	894M	8.98%
2018	10.13B	684M	6.75%
2019	12.14B	704M	5.8%
2020	14.81B	765M	5.16%
2021	15.58B	134M	0.86%
2022	14.48B	-1.57B	-10.85%
2023	15.38B	77M	0.5%

VWDRY Income Statement (2014 – 2023)

Quarters Years

	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue
Revenue	15.38B	14.48B	15.58B	14.81B	12.14B	10.13B	9.95B	10.23B	8.42B	6.91B
Cost of revenue	14.09B	14.36B	14.02B	13.28B	10.38B	8.50B	7.99B	8.11B	6.91B	5.73B
Gross profit	1.28B	118M	1.56B	1.53B	1.76B	1.63B	1.96B	2.12B	1.50B	1.17B

Operating exp.
Research and development	371M	457M	364M	265M	268M	229M	235M	227M	211M	213M
Selling and marketing	452M	462M	367M	281M	222M	189M	229M	190M	186M	158M
Total operating expenses	991M	1.36B	1.16B	791M	757M	687M	733M	705M	646M	627M

Operating income	292M	-1.24B	322M	1.03B	1.00B	921M	1.23B	1.42B	906M	607M
Other income (expenses), net	-190M	-452M	-65M	-101M	-95M	-11M	-38M	-134M	19M	-84M
Income before tax	102M	-1.69B	257M	934M	909M	910M	1.19B	1.28B	925M	523M
Income tax expense	24M	-124M	81M	163M	209M	227M	298M	322M	240M	131M
Net income	77M	-1.57B	134M	765M	704M	684M	894M	965M	685M	392M

Earnings per share
Basic EPS	0.07	-1.56	0.13	0.78	0.71	0.68	0.84	0.88	0.61	0.35
Diluted EPS	0.07	-1.56	0.13	0.78	0.71	0.68	0.84	0.88	0.61	0.35

Vestas Wind Systems A/S Income Statement

Profit Margin

VWDRY Income Statement (2014 – 2023)

Vestas Wind Systems A/S
Income Statement