Alstom SA

ALO: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Alstom Earnings: Execution Gains and Stronger Cash Flow Outlook Drive Fair Value Increase to EUR 26

Loredana Muharremi

Nov 14, 2025

Sales grew 7.9% organically to EUR 9.1 billion, with all segments contributing and signaling up 17%. Adjusted EBIT rose 13% to EUR 580 million, lifting margins to 6.4%. Orders reached EUR 10.5 billion (1.2 times book/bill), supported by major US wins, and solid Europe and Asia-Pacific momentum.

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Alstom SA

Alstom Earnings: Execution Gains and Stronger Cash Flow Outlook Drive Fair Value Increase to EUR 26

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