Fortum Oyj (FORTUM) - Net Assets

Latest as of December 2025: €8.62 Billion EUR

Based on the latest financial reports, Fortum Oyj (FORTUM) has net assets worth €8.62 Billion EUR as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€16.44 Billion) and total liabilities (€7.83 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€8.62 Billion
% of Total Assets	52.41%
Annual Growth Rate	2.71%
5-Year Change	-36.93%
10-Year Change	-36.36%
Growth Volatility	13.8

Fortum Oyj - Net Assets Trend (1998–2025)

This chart illustrates how Fortum Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Fortum Oyj (1998–2025)

The table below shows the annual net assets of Fortum Oyj from 1998 to 2025.

Year	Net Assets	Change
2025-12-31	€8.62 Billion	-5.83%
2024-12-31	€9.15 Billion	+7.71%
2023-12-31	€8.50 Billion	+9.84%
2022-12-31	€7.74 Billion	-43.38%
2021-12-31	€13.66 Billion	-12.27%
2020-12-31	€15.58 Billion	+17.70%
2019-12-31	€13.23 Billion	+9.58%
2018-12-31	€12.08 Billion	-9.11%
2017-12-31	€13.29 Billion	-1.89%
2016-12-31	€13.54 Billion	-2.31%
2015-12-31	€13.86 Billion	+26.78%
2014-12-31	€10.94 Billion	+2.56%
2013-12-31	€10.66 Billion	-1.47%
2012-12-31	€10.82 Billion	+6.50%
2011-12-31	€10.16 Billion	+16.23%
2010-12-31	€8.74 Billion	+2.96%
2009-12-31	€8.49 Billion	+0.95%
2008-12-31	€8.41 Billion	-2.77%
2007-12-31	€8.65 Billion	+6.00%
2006-12-31	€8.16 Billion	+10.12%
2005-12-31	€7.41 Billion	-3.19%
2004-12-31	€7.66 Billion	+15.32%
2003-12-31	€6.64 Billion	-9.42%
2002-12-31	€7.33 Billion	+8.48%
2001-12-31	€6.75 Billion	+7.17%
2000-12-31	€6.30 Billion	+30.47%
1999-12-31	€4.83 Billion	+15.44%
1998-12-31	€4.18 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Fortum Oyj's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 462.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€6.29 Billion	73.69%
Common Stock	€3.05 Billion	35.67%
Other Comprehensive Income	€-872.00 Million	-10.21%
Other Components	€73.00 Million	0.85%
Total Equity	€8.54 Billion	100.00%

Fortum Oyj Competitors by Market Cap

The table below lists competitors of Fortum Oyj ranked by their market capitalization.

Company	Market Cap
CK Asset Holdings Limited F:1CK	$17.68 Billion
RBC Bearings Incorporated NYSE:RBC	$17.69 Billion
QXO, Inc. NYSE:QXO	$17.71 Billion
Techtronic Industries Company Limited F:TIB1	$17.78 Billion
TENARIS S.A. DL 1 F:TW10	$17.66 Billion
Santos Ltd AU:STO	$17.58 Billion
STMicroelectronics N.V F:SGM	$17.57 Billion
FIBRA Prologis MX:FIBRAPL14	$17.55 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Fortum Oyj's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 9,074,000,000 to 8,539,000,000, a change of -535,000,000 (-5.9%).
Net income of 765,000,000 contributed positively to equity growth.
Dividend payments of 1,256,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 47,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€765.00 Million	+8.96%
Dividends Paid	€1.26 Billion	-14.71%
Other Comprehensive Income	€-47.00 Million	-0.55%
Other Changes	€3.00 Million	+0.04%
Total Change	€-	-5.90%

Book Value vs Market Value Analysis

This analysis compares Fortum Oyj's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.22x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 4.20x to 2.22x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1998-12-31	€5.04	€21.14	x
1999-12-31	€6.00	€21.14	x
2000-12-31	€6.53	€21.14	x
2001-12-31	€6.81	€21.14	x
2002-12-31	€6.91	€21.14	x
2003-12-31	€7.50	€21.14	x
2004-12-31	€8.57	€21.14	x
2005-12-31	€8.35	€21.14	x
2006-12-31	€8.93	€21.14	x
2007-12-31	€9.38	€21.14	x
2008-12-31	€8.96	€21.14	x
2009-12-31	€9.04	€21.14	x
2010-12-31	€9.24	€21.14	x
2011-12-31	€10.84	€21.14	x
2012-12-31	€11.49	€21.14	x
2013-12-31	€11.28	€21.14	x
2014-12-31	€12.23	€21.14	x
2015-12-31	€15.53	€21.14	x
2016-12-31	€15.15	€21.14	x
2017-12-31	€14.69	€21.14	x
2018-12-31	€13.33	€21.14	x
2019-12-31	€14.61	€21.14	x
2020-12-31	€14.58	€21.14	x
2021-12-31	€13.66	€21.14	x
2022-12-31	€8.63	€21.14	x
2023-12-31	€9.41	€21.14	x
2024-12-31	€10.11	€21.14	x
2025-12-31	€9.52	€21.14	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Fortum Oyj utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.96%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.33%
• Asset Turnover: 0.30x
• Equity Multiplier: 1.93x
Recent ROE (8.96%) is below the historical average (12.02%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	5.36%	2.51%	0.76x	2.81x	€-184.50 Million
1999	14.94%	8.54%	0.68x	2.57x	€232.50 Million
2000	8.42%	3.99%	0.72x	2.95x	€-79.20 Million
2001	8.37%	4.41%	0.73x	2.61x	€-89.50 Million
2002	11.30%	5.97%	0.62x	3.05x	€76.40 Million
2003	12.00%	6.75%	0.69x	2.59x	€128.40 Million
2004	16.59%	10.52%	0.70x	2.26x	€487.60 Million
2005	19.03%	36.37%	0.26x	2.04x	€668.90 Million
2006	14.16%	24.94%	0.27x	2.13x	€329.20 Million
2007	19.24%	35.90%	0.25x	2.11x	€772.10 Million
2008	19.39%	26.29%	0.29x	2.55x	€746.60 Million
2009	16.33%	23.99%	0.28x	2.47x	€508.60 Million
2010	15.83%	20.30%	0.29x	2.68x	€479.00 Million
2011	18.37%	28.29%	0.27x	2.39x	€805.80 Million
2012	13.81%	22.88%	0.25x	2.41x	€388.50 Million
2013	12.01%	19.88%	0.25x	2.44x	€201.60 Million
2014	29.03%	66.39%	0.22x	1.97x	€2.07 Billion
2015	30.00%	119.63%	0.15x	1.65x	€2.76 Billion
2016	3.69%	13.66%	0.17x	1.63x	€-849.90 Million
2017	6.64%	19.16%	0.21x	1.67x	€-438.80 Million
2018	7.12%	16.08%	0.23x	1.89x	€-341.10 Million
2019	11.42%	27.21%	0.23x	1.80x	€183.80 Million
2020	14.07%	3.72%	0.85x	4.46x	€527.70 Million
2021	-0.94%	-0.10%	0.75x	12.34x	€-1.33 Billion
2022	13.18%	11.48%	0.37x	3.08x	€244.00 Million
2023	-24.52%	-30.83%	0.36x	2.22x	€-2.91 Billion
2024	12.83%	20.07%	0.34x	1.91x	€256.60 Million
2025	8.96%	15.33%	0.30x	1.93x	€-88.90 Million

Industry Comparison

This section compares Fortum Oyj's net assets metrics with peer companies in the Utilities - Renewable industry.

No peer company data available for comparison.

About Fortum Oyj

HE:FORTUM Finland Utilities - Renewable

Market Cap

$22.18 Billion

€18.97 Billion EUR

Market Cap Rank

#1279 Global

#6 in Finland

Share Price

€21.14

Change (1 day)

-3.51%

52-Week Range

€13.43 - €22.63

All Time High

€22.63