Rheinmetall AG

RHM: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Rheinmetall Earnings: Results Show Timing Noise, Not Thesis Change; Acceleration Expected From Q2

Loredana Muharremi

May 7, 2026

Rheinmetall's first-quarter sales increased about 8%, operating profit rose 17% to EUR 224 million, operating margin improved to 11.6%, and order backlog reached roughly EUR 73 billion, including naval.

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Rheinmetall AG

Rheinmetall Earnings: Results Show Timing Noise, Not Thesis Change; Acceleration Expected From Q2

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