Rheinmetall AG

RHM: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Rheinmetall Earnings: Execution Accelerates as Order Timing Keeps Cash Flow Back-End-Loaded

Loredana Muharremi

Aug 6, 2026

Rheinmetall shares were down 3.5% on Aug. 6 despite second-quarter sales rising 69% and operating profit increasing 115%. Margin reached 17.1%, while EUR 11.4 billion of nominations lifted the backlog to EUR 80.5 billion.

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Rheinmetall AG

Rheinmetall Earnings: Execution Accelerates as Order Timing Keeps Cash Flow Back-End-Loaded

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