Safran stock rises on 2025 revenue and earnings strength

Safran (FR0000130809) stock is trading against a 2025 base that included EUR 27.3 billion in revenue, up 17.8% from 2024, and adjusted recurring operating income of EUR 4.1 billion, up 30.1% year on year. The French aerospace group also reported net income, group share of EUR 3.1 billion for 2025, which rose 51.0% from 2024, according to its 2025 annual results.

Revenue up 17.8%

In its 2025 annual results, Safran said sales reached EUR 27.3 billion and adjusted recurring operating income came in at EUR 4.1 billion. That combination matters because the operating profit grew faster than revenue, which points to a better mix and stronger margin conversion than in 2024.

Net income, group share climbed to EUR 3.1 billion in 2025 from EUR 2.0 billion in 2024, a year-on-year increase of 51.0%. Free cash flow also reached EUR 3.0 billion in 2025, giving the group more room to fund development, capital returns, and industrial capacity.

Margin and cash generation

Adjusted recurring operating income of EUR 4.1 billion on EUR 27.3 billion of revenue implies an operating margin of about 15.0% for 2025. Safran said the strong cash profile was backed by the continued recovery in civil aerospace demand and a higher contribution from services and aftermarket activity.

The comparison with 2024 is the key point for investors: revenue rose by EUR 4.1 billion, adjusted recurring operating income increased by almost EUR 1.0 billion, and free cash flow added EUR 1.0 billion. Those three movements together show that the latest year was not only larger, but also more profitable and more cash-generative.

EUR 282.80 closes the loop

Safran stock last traded at EUR 282.80 on 21 July 2026, a level that leaves the market valuing the company well above the 2024 and 2025 earnings base. The share price context matters because the stock is already discounting both the 2025 margin expansion and the durability of cash conversion.

Engines and services

One representative business line is Safran Aircraft Engines, which remains central to the investment case through LEAP engine deliveries and long-cycle aftermarket revenue. That part of the portfolio is important because the earnings model benefits when installed engine bases translate into recurring service demand, not just new-unit deliveries.

Trading level and valuation

At EUR 282.80 as of 21 July 2026, Safran stock is trading with the 2025 annual report in the background rather than as a standalone industrial story. The valuation question now sits on whether 2026 can protect the 15.0% operating margin and sustain free cash flow near the EUR 3.0 billion level.