Stadler Rail AG/€SRAIL

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About Stadler Rail AG

Stadler Rail AG is a Swiss company operating in the rail vehicle manufacturing industry. It specializes in producing a wide range of rail vehicles, including trams, light rail vehicles, and locomotives, as well as providing related services such as maintenance and refurbishment. Founded in 1942, Stadler has expanded its operations to include production facilities in multiple countries. The company is headquartered in Bussnang, Switzerland, and has a significant presence across Europe, North America, and other regions. Stadler Rail is known for its expertise in customized rail solutions and its ability to address specific client needs, which enhances its strategic positioning in global markets.
Ticker
€SRAIL
Sector
Industrials
Primary listing
XGAT
Employees
17,191
Headquarters
Bussnang, Switzerland
Website
www.stadlerrail.com

Stadler Rail AG Metrics

BasicAdvanced
€3.2B
28.70
€1.11
0.61
€0.55
1.71%

Bulls say / Bears say

First-half revenue rose 40% to CHF 2.0 billion, while EBIT more than doubled to CHF 79.5 million and the margin improved to 4.0%. Stadler still expects 2026 revenue above CHF 5 billion and an EBIT margin above 5%. (Stadler Rail, MarketScreener)
Order intake reached CHF 2.7 billion, lifting the order backlog to a record CHF 33.3 billion and producing a 1.4 times book-to-bill ratio. This gives Stadler strong revenue visibility while production capacity is being expanded. (Stadler Rail, Reuters)
The Service & Components division is becoming a larger, more recurring part of the business: first-half order intake rose 95% to CHF 515.1 million and its order backlog reached CHF 9.7 billion. That should reduce reliance on one-off vehicle deliveries over time. (MarketScreener, Stadler Rail)
Growth is tying up substantial capital: first-half free cash flow remained negative and the net cash position was negative CHF 424 million. Stadler also expects 2026 cash flow to be affected by higher work in progress and plans roughly CHF 250 million of investment. (Stadler Rail, Quartr)
Execution problems could erode margins and delay customer acceptance: TINA trams in Darmstadt and Basel reportedly required noise and vibration retrofits, while Kazakhstan passenger cars were held back over braking concerns. These issues can defer revenue and create additional engineering costs. (Primary Ignition, AD-HOC-News)
Stadler lost a major Swiss procurement contest after withdrawing its appeal against SBB’s award of the double-decker train contract to Siemens. The legally binding decision removes a base order worth about CHF 2.1 billion and highlights the risk of fierce competition in large tenders. (Reuters, Mobility-360)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.