CARTIER JOAILLERIE INTERNATIONAL SAS : revenue, balance sheet and financial ratios

CARTIER JOAILLERIE INTERNATIONAL SAS is a French company founded 40 years ago, specialized in the sector Fabrication d’articles de joaillerie et bijouterie. Based in PARIS (75008), this company of category GE shows in 2025 a revenue of 649.3 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - CARTIER JOAILLERIE INTERNATIONAL SAS (SIREN 334429834)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 649 325 796 € 568 310 230 € 542 424 544 € 443 714 439 € 334 115 239 € 392 629 586 € 347 627 292 € 340 937 365 € 355 776 496 €
Net income 32 216 901 € 24 180 953 € 24 623 661 € 18 923 973 € 13 831 723 € 20 224 534 € 20 641 247 € 23 335 182 € 17 377 056 €
EBITDA 58 604 359 € 47 341 906 € 51 695 625 € 41 367 036 € 27 773 647 € 43 698 588 € 45 962 945 € 46 302 362 € 40 880 817 €
Net margin 5.0% 4.3% 4.5% 4.3% 4.1% 5.2% 5.9% 6.8% 4.9%

Revenue and income statement

In 2025, CARTIER JOAILLERIE INTERNATIONAL SAS achieves revenue of 649.3 M€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +7.8%. Vs 2024, growth of +14% (568.3 M€ -> 649.3 M€). After deducting consumption (335.4 M€), gross margin stands at 314.0 M€, i.e. a rate of 48%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 58.6 M€, representing 9.0% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 32.2 M€, i.e. 5.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

649 325 796 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

313 950 911 €

EBITDA (2025) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

58 604 359 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

51 485 282 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

32 216 901 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

9.0%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 81%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 6.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2025) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

80.952%

Cash flow / Revenue (2025) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

6.038%

Repayment capacity (2025) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.0

Asset age ratio (2025) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

68.8%

Solvency indicators evolution
CARTIER JOAILLERIE INTERNATIONAL SAS

Sector positioning

Debt ratio
0.0 2025
2023
2024
2025
Q1: 0.03
Med: 3.27
Q3: 40.03
Excellent -42 pts over 3 years

In 2025, the debt ratio of CARTIER JOAILLERIE INTERN... (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
80.95% 2025
2023
2024
2025
Q1: 28.4%
Med: 58.55%
Q3: 79.56%
Excellent +31 pts over 3 years

In 2025, the financial autonomy of CARTIER JOAILLERIE INTERN... (81.0%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.44 years
Q3: 1.6 years
Excellent -50 pts over 3 years

In 2025, the repayment capacity of CARTIER JOAILLERIE INTERN... (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 450.71. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 5.9x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2025) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

450.713

Interest coverage (2025) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

5.871

Liquidity indicators evolution
CARTIER JOAILLERIE INTERNATIONAL SAS

Sector positioning

Liquidity ratio
450.71 2025
2023
2024
2025
Q1: 221.45
Med: 362.88
Q3: 592.9
Good +23 pts over 3 years

In 2025, the liquidity ratio of CARTIER JOAILLERIE INTERN... (450.71) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
5.87x 2025
2023
2024
2025
Q1: 0.01x
Med: 1.03x
Q3: 3.39x
Excellent

In 2025, the interest coverage of CARTIER JOAILLERIE INTERN... (5.9x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 38 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 38 days. Inventory turnover is 229 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 275 days of revenue, i.e. 496.8 M€ to permanently finance. Over 2017-2025, WCR increased by +165%, requiring additional financing.

Operating WCR (2025) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

496 779 687 €

Customer credit (2025) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

38 j

Supplier credit (2025) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

38 j

Inventory turnover (2025) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

229 j

WCR in days of revenue (2025) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

275 j

WCR and payment terms evolution
CARTIER JOAILLERIE INTERNATIONAL SAS

Positioning of CARTIER JOAILLERIE INTERNATIONAL SAS in its sector

Comparison with sector Fabrication d’articles de joaillerie et bijouterie

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of CARTIER JOAILLERIE INTERNATIONAL SAS is estimated at 138 231 465 € (range 47 613 545€ - 257 283 907€). With an EBITDA of 58 604 359€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.24x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.

Estimated enterprise value 2025
101 transactions
47613k€ 138231k€ 257283k€
138 231 465 € Range: 47 613 545€ - 257 283 907€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
58 604 359 € × 2.5x
Estimation 148 817 570 €
41 260 118€ - 275 211 518€
Revenue Multiple 30%
649 325 796 € × 0.24x
Estimation 152 900 910 €
73 290 201€ - 276 654 962€
Net Income Multiple 20%
32 216 901 € × 2.8x
Estimation 89 762 036 €
24 982 133€ - 183 408 298€
How is this estimate calculated?

This estimate is based on the analysis of 101 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Fabrication d’articles de joaillerie et bijouterie)

Compare CARTIER JOAILLERIE INTERNATIONAL SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d’articles de joaillerie et bijouterie

Frequently asked questions about CARTIER JOAILLERIE INTERNATIONAL SAS

What is the revenue of CARTIER JOAILLERIE INTERNATIONAL SAS ?

The revenue of CARTIER JOAILLERIE INTERNATIONAL SAS in 2025 is 649.3 M€.

Is CARTIER JOAILLERIE INTERNATIONAL SAS profitable?

Yes, CARTIER JOAILLERIE INTERNATIONAL SAS generated a net profit of 32.2 M€ in 2025.

Where is the headquarters of CARTIER JOAILLERIE INTERNATIONAL SAS ?

The headquarters of CARTIER JOAILLERIE INTERNATIONAL SAS is located in PARIS (75008), in the department Paris.

Where to find the tax return of CARTIER JOAILLERIE INTERNATIONAL SAS ?

The tax return of CARTIER JOAILLERIE INTERNATIONAL SAS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does CARTIER JOAILLERIE INTERNATIONAL SAS operate?

CARTIER JOAILLERIE INTERNATIONAL SAS operates in the sector Fabrication d’articles de joaillerie et bijouterie (NAF code 32.12Z). See the 'Sector positioning' section above to compare the company with its competitors.